Odaily reports: According to people familiar with the matter, a stealth startup developing AI video for filmmakers is in talks with OpenAI to obtain access to Sora, adapt its capabilities, and sell software or other services built on the model. The startup was founded several months ago by Hollywood producer Jeffrey Katzenberg, former Sora research lead Bill Peebles, and former Dropbox CFO Sujay Jaswa, and its name has not yet been disclosed. It remains unclear whether the startup will be able to obtain Sora's weights, but people familiar with the matter said that if the deal is reached, the company would gain sufficiently deep access to allow for substantial customization. (The Information)

Odaily report: A wallet linked to TechnoRevenant staked 744,000 HYPE on Hypercore, borrowed 3 million USDC, then lost $1.7 million on Papertrade, and as a result received 136 million PAPER, becoming the second-largest PAPER holder and the trader with the largest realized perpetual contract loss on the platform.As of now, the wallet has earned back 1.051 million USDC through staking rewards, with a net loss of approximately $650,000. Before accounting for staking rewards, its average cost for PAPER was about $0.0125 per token, the highest among the top five holders.

Odaily News: On October 13, according to SoSoValue data, the crypto market experienced a broad decline, with 24-hour losses generally ranging from about 2% to 7%. The RWA sector showed weakness, dropping 6.94%. Within the sector, Centrifuge (CFG) fell 11.47%, and Ondo Finance (ONDO) declined 9.60%. The AI sector dropped 6.25%, with Unibase (UB) falling 13.58% and Fetch.ai (FET) declining 10.55%, though Render (RENDER) bucked the trend with a 5.83% gain.In addition, Bitcoin (BTC) fell 1.40%, briefly dropping to near $81,000 before recovering above $82,000; Ethereum (ETH) declined 2.91%, falling below $2,500.In other sectors, the CeFi sector dropped 2.13% over 24 hours, with Aster (ASTER) falling 3.57%; the Layer1 sector declined 4.21%, with NEAR Protocol (NEAR) dropping 10.99%; the PayFi sector fell 4.40%, though Safe (SAFE) remained relatively resilient with a 16.60% gain; the Layer2 sector dropped 5.53%, with Starknet (STRK) plunging 27.26%; the DeFi sector declined 5.90%, with Ethena (ENA) falling 12.25%; the Meme sector dropped 6.04%, with Pons (PONS) declining 18.75%.Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiLayer2, and ssiDeFi indices fell 7.59%, 6.70%, and 6.63% respectively.

Odaily News: Bitcoin has fallen below $82,000, with altcoins experiencing significant declines. BOME dropped 30.04% in 24 hours, now trading at $0.000768; BLUR fell 29.48% in 24 hours, now at $0.01349; STRK declined 28.35% in 24 hours, now at $0.08599; PONS dropped 20.35% in 24 hours, now at $0.281; USELESS fell 16.82% in 24 hours, now at $0.16969; ENA declined 15.55% in 24 hours, now at $0.204; NEAR dropped 13.44% in 24 hours, now at $5.039.

Odaily News: Meta CEO Mark Zuckerberg said in an interview that with the release of the new model Muse Wonder, Meta has caught up to the industry frontier in AI technical capabilities and will continue to increase investment in computing power, infrastructure, and talent to compete with companies such as OpenAI and Anthropic.Meta claims that Muse Wonder outperforms models such as OpenAI GPT-6 Astra and Anthropic Claude Opus 5.5 in some benchmarks, and will be applied in scenarios including complex programming, financial analysis, and personal AI assistants. The model will adopt a closed-source paid model, with the base usage price as low as $0.20 per million tokens, and the subscription fee for the advanced version Muse Wonder Full at up to $200 per month.Zuckerberg also stated that Meta is more focused on "personal superintelligence" for individual users rather than simply pursuing the automation of knowledge work. He believes AI can achieve responsible development through conventional safety measures, and revealed that Meta has begun developing the next-generation model, with subsequent R&D progress expected to accelerate further. (Financial Times)

According to on-chain analyst Ai Yi, a certain address deposited $2.85 million in ENA to Bybit again after a one-month gap, involving 11.64 million ENA tokens. The related tokens originated from an Ethena Proxy address. This deposit is the largest in nearly a year, and its purpose is unknown.

Odaily: On October 11, 2025, the crypto market suffered a historic crash, with total single-day liquidations across the network exceeding $19 billion, setting a record. At the time, Bitcoin had just hit an all-time high of $126,080 on October 7, but at around 16:50 Beijing time on October 11, the BTC price fell from approximately $116,900 to $102,000 within 30 minutes, a drop of 12.7%.During the crash, several trading platforms experienced extreme price deviations. ATOM briefly dropped to $0.001 on Binance, while its lowest price on Coinbase was $3.56; on Binance, wBETH briefly fell to $430, BNSOL dropped to $34.90, and USDe fell to $0.65. After the incident, Binance paid approximately $283 million in compensation to affected users.Additionally, on-chain data shows that a Hyperliquid whale completed an approximately $400 million BTC short position before Trump released tariff-related news, sparking speculation about insider trading. Arkham had referred to the whale as the "Trump Insider Whale," but Garrett Jin, a person associated with the relevant address, denied any connection to Trump, and the allegations remain unverified to this day.

Odaily: Bitcoin News posted on X that CZ called the accusations "far-fetched." Binance stated that Bitcoin bottomed at 21:20 UTC, and the depegging event began at 21:36; Ethena's and Dragonfly's Haseeb Qureshi said the timeline does not match. Star Xu replied that Bitcoin fell first, and the leverage loop further exacerbated the decline.

Odaily News: As artificial intelligence technology is increasingly viewed as a national security issue, amid growing calls for stronger AI regulation and following multiple cybersecurity incidents caused by out-of-control AI systems, companies developing frontier AI technology are intensifying efforts to establish connections with U.S. President Trump's White House. Since the beginning of this year, Anthropic has appointed at least two former Trump administration officials, one to its board of directors and another as head of frontier compute strategy. OpenAI has hired at least three officials who previously served in the Trump administration, working on strategy and special projects.Michelle Nie Duncan, a visiting research fellow with the Technology and National Security Program at the Center for a New American Security (CNAS), said companies have realized that the Trump administration holds many policy tools that can affect their businesses, including federal government procurement, supply chain risk designations, and export controls, and that the government is willing to use these measures. "These companies have learned from Anthropic's experience and realized that maintaining good relations with the White House is beneficial," she said. (CNBC)

Odaily News: OpenAI is projected to reach $70 billion in annualized revenue by the end of 2026. This figure represents an annualized revenue scale extrapolated from the revenue level at that time, rather than the actual full-year revenue for 2026.