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2026-10-18 · 8 high-impact headlines

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Flash

  1. U.S. AI concept stocks perpetual contract prices crashed in the early morning, with Western Digital once dropping over 7%, and Micron and SK Hynix once falling more than 6%.BlockBeats news, October 18 - According to market data, from 05:22 to 05:32 Beijing time today, the perpetual contract prices of multiple US AI concept stocks experienced a brief sharp decline, followed by a rebound. Among them: Western Digital (WDC) fell as much as 7.03%, hitting a low of $298.70, currently at $318.65; Nebius (NBIS) fell as much as 6.97%, hitting a low of $155.12, currently at $165.29; Applied Optoelectronics (AAOI) fell as much as 6.93%, hitting a low of $70.52, currently at $74.28; IREN (IREN) fell as much as 6.92%, hitting a low of $25.17, currently at $26.63; Micron (MU) fell as much as 6.32%, hitting a low of $818.57, currently at $864.76; SK Hynix (SKHY) fell as much as 6.30%, hitting a low of $127.68, currently at $135.14; SanDisk (SNDK) fell as much as 6.10%, hitting a low of $1,215.35, currently at $1,269.35; CoreWeave (CRWV) fell as much as 5.87%, hitting a low of $57.55, currently at $60.40; SpaceX (SPCXUSDT) fell as much as 3.50%, hitting a low of $140.46, currently at $145.14.
  2. Whale betting on a rebound sees $11.74 million ETH long position liquidated at $2,356.BlockBeats news, October 18 - According to on-chain analyst Yu Jin's monitoring, the whale who opened a high-leverage long position of approximately $187 million in the early hours of the day before yesterday, betting on a rebound, has had part of their position liquidated. Their long position of 4,890 ETH (approximately $11.74 million) was liquidated at $2,356 during the decline at 5 AM today. This liquidation price happened to be at the low point of ETH's flash crash in the early hours of this morning. This liquidation may have contributed to the formation of the low point.
  3. Goldman Sachs, Wells Fargo, and Morgan Stanley view tokenization as a growth opportunity, not a threat.BlockBeats news, October 18 - Goldman Sachs, Wells Fargo, and Morgan Stanley highlighted tokenization as a business growth opportunity during their Q3 earnings calls, but none provided related revenue forecasts. Goldman Sachs CEO David Solomon stated that tokenization, DeFi, and prediction markets could bring more products, trading activities, new clients, and distribution channels. Goldman Sachs is exploring expanding its use of DTCC's tokenization services to reduce costs, automate trading, and enhance asset trading convenience, but the related business scale remains small. Wells Fargo has used tokenized deposits for cross-border payments, with funds reaching recipient accounts within two minutes, though transaction volumes are currently low. The bank's CFO Michael Santomassimo said this technology could help Wells Fargo expand its cross-border payment business without building a large international branch network. The bank is also exploring tokenized securities, RWA, and crypto trading services for wealth management clients, but has not announced launch timelines. Morgan Stanley CFO Sharon Yeshaya stated that tokenization can accelerate and simplify asset transfers, but clients still need investment advice. The bank views it as a new business opportunity and did not announce new products this time.
  4. BAYC announces the launch of Mudwater physical and digital cards, BAYC and MAYC holders can claim card packs.BlockBeats news, October 18 - The NFT project Bored Ape Yacht Club (BAYC) officially announced the launch of the Solana-based physical and digital trading card series Mudwater, and has airdropped 6551 Totems paired with all BAYC and MAYC for redeeming card packs. Each BAYC can redeem 10 packs, each MAYC can redeem 2 packs, each pack contains 10 cards, each box contains 24 packs, totaling 10,000 boxes. The series includes 120 artworks and features foil cards, numbered cards, and ice-crack rare cards, of which 8 ice-crack cards are 1/1 unique editions. The physical cards are printed by Orange Cap Games using its orange-core paper. 2.5% of each transaction will be used to purchase APE, distributed proportionally to collectors holding the Mudwater series. Totems, card packs, and cards are now tradable on OpenSea, and support for upgrading card packs to boxes and cases will be added later.
  5. Bloomberg: CoreWeave's troubles could lead to a phased closure of the AI junk bond financing market.BlockBeats news, October 18 - According to Bloomberg, CoreWeave's financing moves are intensifying market concerns about AI companies' fundraising capabilities, with high-yield bond investors increasingly reluctant to provide funds to tech startups. CoreWeave's co-founder stated that the company is exploring entry into the investment-grade debt market and obtaining insurance institution funding, while its high-yield bond yields rose to 15% this week, reaching levels typically indicating debt distress. Creditors are worried that the company plans further large-scale borrowing. CoreWeave stated that its financial condition is "fully sufficient" to support debt obligations, and Nvidia CEO Jensen Huang also came forward to defend the company's financial health. However, some investors believe the core issue is not a sudden deterioration in corporate credit conditions, but rather the substantial supply of new debt still to come over the next year and a half. Related concerns have spread to the broader high-yield bond market. On Wednesday, the market's average yield rose to 8.41%, an 18-month high, with risk premiums expanding to the highest level since March. AI cloud startup Volta Infrastructure's $5 billion leveraged loan also had its terms adjusted, ultimately paying a yield exceeding the 11% initially discussed by banks, approaching the highest level in AI infrastructure financing. Goldman Sachs data shows that since the start of the year, companies have issued $106 billion in investment-grade and high-yield project financing bonds in the dollar market, much of it for AI investments such as data centers, nearly 3 times the $37 billion for all of 2025. Global related project financing bond issuance could exceed $300 billion next year. Meanwhile, the average price of high-yield data center bonds has fallen from $101 in June to near $95. Grant Nachman, Chief Investment Officer at Shorecliff Asset Management, stated that at current market levels, unsecured financing for large "neocloud" providers may be too costly, impossible to complete issuance, or both. New deals may require asset or contractual cash flow guarantees and provide stronger creditor protections. If high-yield bond financing is blocked, companies may turn to convertible bonds, equity, secured debt, and securitization financing.
  6. Two dormant Bitcoin wallets inactive for over 12 years transferred approximately 416.69 BTC, with unrealized gains reaching $33.71 million.BlockBeats news, October 18, according to Onchain Lens monitoring, two whale wallets that had been dormant for 12 to 13 years transferred a total of 416.6941 BTC (approximately $33.82 million) to the same address, of which: The wallet dormant for 13 years transferred out 167.8402 BTC, valued at approximately $13.62 million; The wallet dormant for 12 years transferred out 248.8539 BTC, valued at approximately $20.2 million. These BTC were initially worth approximately $105,400 and have now appreciated by approximately $33.71 million compared to their initial value.
  7. Iran's Foreign Minister Reiterates Seven-Day Navigation Plan: Next Steps Depend on the USBlockBeats news, October 18 — According to Iran's Press TV, Iranian Foreign Minister Araghchi stated that Tehran has proposed a specific seven-day plan aimed at restoring normal navigation through the Strait of Hormuz. The decision on how to proceed now rests with the United States. Speaking on Saturday at the 52nd Foreign Ministers' Council meeting of the Organization of Islamic Cooperation (OIC) in Baghdad, Araghchi said Iran has conveyed the proposal through Qatar. If the necessary conditions are met, Iran is prepared to reopen the Strait of Hormuz within seven days and restore normal maritime passage. Araghchi stated that Iran remains committed to ensuring navigational safety in this strategic waterway. He said the disruption of maritime traffic stems from U.S. and Israeli military aggression, as well as subsequent restrictive measures taken by the United States. He stated: "Security cannot be restored by repeating the same approach. One cannot bomb a country, threaten to destroy it completely and impose a blockade, while expecting navigational safety to return to normal." According to Araghchi, within two weeks, maritime traffic through the Strait of Hormuz once recovered to approximately 60% of pre-war levels. However, subsequent U.S. measures and military actions hindered the implementation of the relevant agreements.
  8. Solana Foundation President: Held the inaugural Capital Summit in Shanghai, China on Thursday.BlockBeats news, October 17 - Lily Liu, Chair of the Solana Foundation, posted on X platform, stating, "The first Capital Markets Summit was held in Shanghai, China on Thursday. There, we gathered hundreds of asset allocators and builders from China and around the world to discuss innovative capital formation." Lily Liu also stated that the market capitalization of domestic listed companies in China is only 1/6 of that of equally profitable companies in New York, and the market has over 50,000 small and medium-sized enterprises waiting for IPO opportunities. Previously reported, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was registered and established in August (registered capital of 10 million yuan), with Shanghai Solana Enterprise Management Co., Ltd. holding a 45% stake in Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. Even Jiang, Co-Head of Solana Foundation China, serves as Chairman of Yaokun Qiusuo, and Du Yanjing serves as Director. Public information shows that Yaokun Qiusuo's main business includes technical services, technical development, technical consulting, technical exchange, technical transfer, technical promotion; computer system services; information system integration services; information technology consulting services; data processing services; internet data services; IoT technical services; wholesale of computer software, hardware, and auxiliary equipment; information consulting services (excluding licensed information consulting services); enterprise management consulting; financial consulting; conference and exhibition services (overseas exhibitions require approval from relevant departments). It should be noted that "Solana" is a name chosen by a sole proprietorship company owned by a natural person, and there is currently no equity evidence proving that these two companies are affiliated with the Solana Foundation.