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Blockbeats
Tomorrow’s news rhymes on BlockBeats.
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.@arc ecosystem is in a reshuffling period, are you still holding on?
More than a month after launch, the Arc ecosystem as a whole is cooling down and undergoing a reshuffle. Insufficient liquidity, project differentiation, declining retail participation, and some Meme projects even turning into Rugs. Projects with a market cap over $1 million are still limited; who can stay ultimately depends on the product and real demand.
But I am more focused on two main lines behind Arc:
One is compliant finance. Using USDC as the native Gas, Arc is exploring more possibilities for stablecoin settlement, tokenized stocks, and RWA. $ASTOCK is currently the entry point worth watching, but the asset structure, custody arrangements, and compliance still need specific verification.
The other is AI Agent. As more and more AI begin to autonomously execute tasks, what they need is not just computing power but also payment, settlement, and permission management. What Arc wants to compete for is precisely the financial infrastructure of the future machine economy.
As for ecosystem projects, $ARGUS, $ASTOCK, and $COOL respectively represent three different directions: launchpad and Agent, tokenized stocks, and community Meme.
However, do not equate Circle’s long-term potential directly with the upside of ecosystem tokens. Growth in stablecoin scale does not mean real demand has already formed.
The three most important indicators going forward are: real users, sustained transactions, and verifiable fee income.
Narratives can bring the first wave of traffic, but only real demand can help Arc get through the ecosystem cold start.
a16z crypto
.@circle set out to put dollars on the internet and make them work everywhere. Now @jerallaire thinks the main users of that infrastructure could be machines.
He joins @cdixon to talk about what comes after digital dollars, and what the agent economy needs when software can earn, spend, and hire.
Highlights:
1:58 Circle’s original vision for programmable money
7:19 Why institutions started taking stablecoins seriously
12:04 Learnings from building a global financial network
15:03 What gives a stablecoin its moat?
26:28 Crypto’s growing adoption in the shadow of AI
28:11 From making existing things better to creating entirely new markets
32:59 The weirdest experiments being built on Arc
37:02 What happens when AI hires AI
38:04 Why the next big thing starts out looking like a toy
39:05 Can blockchains counter AI’s centralizing tendencies?
44:01 What the machine economy could look like in five years
A certain whale liquidated $46 million long positions in Tesla and semiconductors, and instead heavily invested in Google
BlockBeats news, on October 20, according to TradingBeats monitoring, a whale last night successively liquidated long positions in Tesla, DRAM Index, and the triple-leveraged semiconductor ETF SOXL, totaling approximately $46,317,000. Subsequently, the account established a long position in Google (GOOGL) worth about $44,393,000, clearly shifting the holding direction towards Google.
The average entry price was about $345.865, with an unrealized loss of approximately $188,000, and a liquidation
A certain ZEC whale has increased holdings of MASK, buying 3.69 million tokens in the past three days
BlockBeats news, on October 20, according to Lookonchain monitoring, a certain whale holds assets worth over 15 million USD, including 10,241 ZEC (valued at 11.69 million USD). Over the past three days, it has been increasing its MASK holdings, having purchased 3.69 million MASK (valued at 151,000 USD).
Investors increase AI-related credit default swap trading to hedge industry debt risk
BlockBeats reports that on October 20, investors are rushing to buy credit default swaps (CDS) aimed at protecting their portfolios in case the AI boom collapses. This financial instrument gained fame during the global financial crisis and is now seeing a significant surge in trading volume. To fund trillions of dollars in AI infrastructure spending, companies have sparked a wave of borrowing, which has driven up demand for these "insurance-like" derivatives—these derivatives pay out if the link
After Anthropic shook IBM, OpenAI also delivered an almost perfect COBOL migration performance
Breaking AI News: In February this year, after Anthropic promoted Claude Code's ability to transform legacy COBOL systems, IBM's stock price plummeted 13.2% in a single day.
Eight months later, OpenAI also announced the latest results of the GPT-6 series on old programming languages, with a highest success rate of 97.9% in COBOL code migration tests.
COBOL was created in the 1950s and is still widely used today in banking transactions, ATMs, and insurance systems. Many programs have been runni
JPMorgan predicts Bitcoin will be the highest returning asset over the next decade, surpassing US stocks and gold
BlockBeats news, on October 20, JPMorgan Asset Management released the "2027 Long-Term Capital Market Assumptions" report on October 19, including Bitcoin in its long-term return forecast for the first time. It expects Bitcoin's compound annual growth rate over the next 10 to 15 years to be 10%, higher than 7.5% for large-cap U.S. stocks, 5.5% for gold, and 8.2% for U.S. real estate investment trusts (REITs). The report also forecasts Bitcoin's arithmetic average annual return at 20.9%, with an
The US AI data center boom continues to break down, with at least 47 large data centers interrupted this year
TL;DR
· On October 18, the Financial Times cited RegLayer data stating that at least 47 large-scale data center projects in the U.S. scheduled for 2026 have been delayed, withdrawn, or blocked locally. Bernstein estimates that about 35% of the planned pipeline is reliable.
· The market is re-evaluating the project completion rate and the debt rollover ability of highly leveraged new cloud providers, not the disappearance of AI demand. CoreWeave's stock fell about 25% in one week, and
Cashmere Labs will launch the Mountain product and CSM token, and Goat LP will be open to all users
BlockBeats news, on October 20, the LayerZero-based multi-chain anti-MEV DEX aggregator Cashmere Labs tweeted that it is expanding its ecosystem. Goat LP (an automated liquidity management tool for Uniswap v3/v4 positions on Robinhood Chain) will be open to all users. Subsequently, it will launch the Mountain product and the native token CSM.
Within Mountain, Barn (a soulbound NFT) can continuously issue CSM, and Goat Street NFT can be permanently bound to Mountain to obtain issuance shares. Th
Trump's approval rating dropped to 31%, and the Republican Party first removed him from the campaign ads
TL;DR
· A Reuters-Ipsos poll on October 19 shows Trump's approval rating dropping to 31%, the lowest in the agency's two-term history. Among registered voters, Democrats lead the generic ballot 47% to 35%, while Fox, NBC, and The Washington Post polls during the same period range from 33% to 36%.
· Fox's stratified data shows net support among Republicans who do not identify with the Trump movement shifted from +7 in September to -5. From September 9 to October 17, Republican congres
glassnode: The leverage level of mainstream altcoins remains at a high point this year; a further decline may pose liquidation risks
BlockBeats news, on October 20, glassnode released data indicating that since the altcoin leverage reached its annual peak earlier this month, most coin prices have significantly pulled back, but over 40% of large-cap coins remain near the highest leverage levels of the year. Among mid-cap coins, this proportion has reached an annual high.
Altcoin leverage trading remains hot, and a larger decline would put long positions at risk.