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Blockbeats
Tomorrow’s news rhymes on BlockBeats.
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Kazakhstan court bans Coinbase and 6 other CEXs from unlicensed operations in Astana International Financial Centre
BlockBeats news, on October 20, the Astana International Financial Centre (AIFC) Court in Kazakhstan, at the request of financial regulatory authorities, issued injunctions against 6 CEXs including Coinbase, BingX, Bitcoin com, and WEEX, prohibiting these platforms from providing or promoting unlicensed digital asset services within the financial center, as well as distributing related mobile applications.
This injunction only applies to AIFC and its users within its jurisdiction, and is not a
Is Musk about to make an even bigger move? The potential merger of SpaceX and Tesla is becoming Wall Street's new focus.
Barclays expects that the two parties may announce the deal by the end of the year. If merged entirely through stock, Musk could hold about 37% of the merged company's shares and 56% of the voting rights.
But this is not just a valuation game; it is also a contest of AI computing power and capital.
SpaceX's AI capital expenditure reached $15.8 billion in Q2, and Morgan Stanley expects it may need to issue about $80 billion in debt next year. Meanwhile, Tesla is betting on autonomous driving and humanoid robots, and both are jointly advancing the Terafab chip project.
On one side is the ambition for AI computing power; on the other is the huge financing pressure. If the merger happens, it could reshape Musk's business empire; but before any official announcement, everything remains in analysts' speculation.
This week's earnings report is worth close attention.
US stocks in the optical communication and computing power cloud sectors generally fell, while the biotechnology and space concept stock sectors generally rose
BlockBeats news, on October 20, according to BIT (Bit.com) market data, U.S. stocks in the optical communication and cloud computing sectors generally fell, while the biotechnology sector generally rose, including:
Lumentum down 2.77%, Corning down 2.02%, Coherent down 3.67%, Applied Optoelectronics down 5.06%, Ciena down 2.07%, Broadcom down 0.25%, Marvell Technology down 1.75%.
Oracle down 1.18%, CoreWeave down 2.78%, Nebius down 3.16%, IREN down 4.22%, Applied Digital down 2.52%.
Eli Lilly
The three major U.S. stock indices opened lower, with the storage sector broadly declining
BlockBeats news, on October 20, according to BIT (Bit.com) market data, the US stock market opened with the Dow Jones down 0.04%, the S&P 500 down 0.22%, and the Nasdaq down 0.49%.
SK Hynix (SKHY.O) fell 3%, SanDisk (SNDK.O) fell 1.7%, Micron Technology (MU.O) fell 1.9%, Western Digital (WDC.O) fell 0.9%, Apple (AAPL.O) fell 0.8%, General Motors (GM.N) fell 6%.
AI computing company Tenstorrent completes $1.5 billion Series E funding round, with participation from Tether Capital and others
Breaking AI News: AI computing company Tenstorrent has completed a $1.5 billion Series E funding round, led by Tether Capital and others, valuing Tenstorrent at $6.2 billion.
Tenstorrent, led by chip architect Jim Keller, primarily develops high-performance AI processors, servers, and software, aiming to provide developers and enterprises with more open AI computing infrastructure.
Tenstorrent plans to use the funding to expand production and deployment of its Galaxy server systems, advance AI
Rumors of a SpaceX and Tesla merger heat up, Wall Street estimates a $480 per share deal proposal
BlockBeats news, on October 20, as SpaceX and Tesla are set to announce their third-quarter earnings respectively, Wall Street is intensifying its evaluation of the potential valuation and financing arrangements for a merger between the two companies. However, Musk and the related companies have not officially announced any merger plans.
Barclays analysts expect that the two parties may announce a deal by the end of this year. If merged entirely through stock, Musk could hold about 37% of the m
Viewpoint: Bitcoin is currently in a stage where both buyers and sellers are hesitant, and market confidence is being rebuilt
BlockBeats news, on October 20, crypto market analyst Darkfost expressed the view that the Bitcoin market is currently in a phase of insufficient investor confidence and hesitation between buyers and sellers. The current profit supply ratio has fallen back from a brief breakthrough of 60% to 53.8%, close to the 50% breakeven line. This indicator excludes Bitcoin held for more than 10 years to better reflect the current circulating market conditions.
It is not uncommon for this situation to occu
GRVT token issuer conducts first buyback and burns 1.1 million GRVT tokens, platform to undergo comprehensive upgrade
On October 20, 2026, Grvt, a self-custody trading platform built on its own zero-knowledge proof (ZK) chain, announced that the token issuer under its foundation has completed the first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market.
This transaction permanently removed tokens equivalent to nearly 1% of the circulating supply of GRVT at the time of purchase. This is also the first of five milestones planned by Grvt before the launch of Grvt 2.0 at the end