Strategy Executive Chairman Michael Saylor proposed changing the dividend payout frequency of $14 billion in preferred stock from bi monthly or quarterly to daily to increase liquidity. Strategy has repurchased over $1 billion of floating rate preferred stock STRC, and shareholder voting on the proposal is expected to end on October 28th and is expected to be approved. (Source: Bloomberg)

[Velocity Co-Founder Cindy Leow Announces Departure] Cindy Leow, co-founder of the decentralized perpetual contract trading platform Velocity, has announced her departure. The protocol will continue to operate under a rebuilding team. Velocity, formerly known as Drift, has achieved a cumulative trading volume of over $150 billion since its launch in 2021. The protocol was rebranded to Velocity in July of this year, recently launched a test version, completed a security audit, and open-sourced its code. Core team members will take charge of product development, protocol engineering, business expansion, and growth. Former co-founder David will assist the foundation in asset recovery and law enforcement coordination. Moving forward, the protocol plans to optimize its order flow system and expand into stock-based derivatives trading.

BlackRock stated in its report "Machine Native Economy" that the integration of AI and digital assets will drive stablecoins and computing assets to become the infrastructure of the AI economy. The circulating market value of stablecoins exceeds 300 billion US dollars, and the adjusted trading volume will exceed 11 trillion US dollars by 2025. AWS、 The combined revenue of Microsoft Intelligent Cloud and Google Cloud is expected to reach approximately $1.1 trillion by 2030, and future computing power usage rights can be standardized and tokenized.

Cathie Wood stated that private company Kalshi has been included in its ETF strategy and that the Kalshi management team has foresight and is currently laying out predictions for the market's development direction.

The USDC Treasury issued 250 million USDCs on Solana Network at 17:37 UTC today.