Nvidia is in talks to acquire open-source heavyweight AI model developer Reflection AI, or increase its investment in it. Reflection AI's latest round of financing is valued at $25 billion, with Nvidia being one of its investors (source: Bloomberg)

[U.S. President Trump and Israeli Prime Minister Netanyahu Communicate on Striking Iran Again] U.S. President Trump and Israeli Prime Minister Netanyahu have been engaging in frequent and urgent communications regarding the possibility of a joint U.S.-Israel military strike on Iran. No final decision has been made yet. Netanyahu has no intention of taking military action before Israel's parliamentary elections at the end of this month. The Israeli military is currently assessing the U.S.'s inclination to resume military actions against Iran and is making preparations. (Source: Jin10 Data)

CryptoQuant analyst Darkfost stated that Bitcoin is currently at a break even point of $80500, similar to the market at the end of 2025.

CZ claims that the accusations are far fetched. Binance stated that Bitcoin hit bottom at 05:20 (UTC+8) and the de anchoring event began at 05:36 (UTC+8); Ethena and Dragonfly's Haseeb Qureshi stated that the timeline does not match. Star Xu replied that Bitcoin fell first, and the leverage cycle exacerbated the decline.

The synthetic perpetual contract DEX Papertrade.xyz, built on Hyperliquid HyperEVM, attracted $118 million in deposits and supports up to 1000 times leverage on the platform. As of 0:45 on October 11th (UTC+8), the Papertrade.xyz platform has approximately $11 billion in open positions with 2349 positions, supported by $54 million in funds. This platform does not charge slippage, funding rates, spreads, or traditional nominal trading fees. Transactions are completed through synthetic swaps between users and shared agreement liquidity pools. Loss making traders can receive PAPER tokens, while profit takers may delay receiving profits when funds are insufficient. Papertrade.xyz was founded by Jez and Blurr. The project sold 100 sets of customized paper pants for $2000 each, which sold out in about 40 minutes and generated sales of $200000. (Source: Bitcoin.com News)