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2026-10-21 · 8 high-impact headlines

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63

Greed

Headlines

Flash

  1. A trader spent 8 SOL to buy KIMCHI and made a 332x profit in just 2 hours.BlockBeats news, October 21, according to Lookonchain monitoring, a trader earned $282,000 in just 2 hours, with a return rate of 332 times. Two hours ago, they spent 8 SOL (about $848) to buy 9.91 million KIMCHI, then sold 4.88 million KIMCHI for 1,045 SOL (about $111,000). Currently, they still hold 5.03 million KIMCHI, worth about $171,000, with a total profit of $282,000.
  2. SpaceX conference call: Musk says computing capacity is expected to exceed 13 gigawatts next year, with ARR potentially reaching $1 trillion.BlockBeats news, October 21 — SpaceX announced its third-quarter 2026 results. As of September, the company's revenue grew 161% year-over-year to $14.58 billion, exceeding analysts' expectations of approximately $12.8 billion by more than 10%; net profit turned to a gain of $4.4 billion from a loss of $1.1 billion in the same period last year, and adjusted EBITDA rose 306% year-over-year to $8.8 billion. Among this, the superintelligent cloud services business generated quarterly revenue of $7.6 billion, an increase of $5 billion quarter-over-quarter. On the earnings call, management stated that demand for AI compute is currently robust, and the payback period for newly deployed compute has shortened to less than one year. Musk even expects that, as demand and pricing continue to strengthen, the payback period could further shorten to 6 months in the future. Regarding AI compute expansion, Musk stated that by the end of 2026, SpaceX expects to have 2.5 to 3GW of compute in operation, and is confident in adding 10GW of compute in 2027; if less than 13GW of compute is online by the end of 2027, he would be surprised. To avoid power and cooling becoming expansion bottlenecks, the company plans to add an additional 20GW of power supply and cooling infrastructure in 2027, and continue deploying Nvidia GPUs, with expectations to bring online approximately 200,000 GB300 units per month for the remainder of this year, and primarily deploy Vera Rubin computing systems next year. Additionally, the company plans to deploy a training cluster composed of 440,000 Vera Rubin computers by the end of the second quarter of 2027 to support the Grok large model. Musk also expects SpaceX's annual recurring revenue (ARR) to potentially reach $500 billion to $1 trillion by the end of 2027. Grok Bot (an agent assistant) launched in August and, as of early this month, had 800,000 paid weekly active users, doubling from the previous month. B2B is the fastest-growing business category, with an increasing number of enterprises using Grok Bot as a productivity multiplier in sales, marketing, IT, and engineering, viewing it as an around-the-clock team member for handling complex end-to-end workflows. Musk stated that the main constraint on the development of superintelligence has shifted from chips to power, cooling, and supporting infrastructure. SpaceX has assigned some of its top aerospace teams to ground-based compute infrastructure construction, and claims its speed of deploying power and cooling facilities is expected to exceed the combined total of all other vendors. The company expects fourth-quarter capital expenditure to reach $35 billion to $40 billion, and prefers to sign short-term compute leasing contracts at spot market rates to capitalize on the current supply-constrained market environment. Musk stated that hyperscale cloud service providers and dozens of smaller enterprises are all rushing to lease its compute, and some GPUs and other computing resources are difficult to obtain in the market. In terms of aerospace and Starlink operations, Musk stated that the 15th test flight of Starship is scheduled for next month, with the goal of attempting for the first time to recover both the booster and the spacecraft during an orbital mission; the company expects Starship to achieve weekly flights in the first half of next year and increase to two or more flights per week in the second half. Musk also said that a single deployment of V3 Starlink satellites can provide bandwidth equivalent to 10 Falcon 9 launches, and the Starlink network bandwidth is expected to reach approximately 100 times the current level within three years to meet the communication demands brought by the development of AI agents. Starlink's direct-to-cell mobile service has surpassed 22 million monthly active users, aviation terminal production is expected to double by the end of this year, and revenue from enterprise and government businesses is expected to surpass consumer business revenue in the future. In addition, SpaceX plans to manufacture its first functional test chip at its Austin laboratory between May and June 2027, and aims to achieve mass production at the TerraFab main facility in the third quarter of 2028. Regarding the possibility of a merger between SpaceX and Tesla, Musk confirmed that the two companies have established a special committee to discuss the relevant plans, but no agreement has yet been reached on the merger terms. He believes the merger could have significant value, but emphasized that the deal is far from certain, remains uncertain, and must obtain shareholder approval. Musk stated that due to his own conflict of interest, he did not participate in the committee's discussions; according to him, Tesla would need support from 50% of all shareholders, not just a majority of those voting.
  3. Bitmine deposits 159,728 ETH into Ethereum staking, approximately $390 millionBlockBeats news, October 21 - According to Ember monitoring, Ethereum treasury company Bitmine deposited 159,728 ETH (approximately $390 million) into Ethereum staking 6 hours ago, with cumulative staking exceeding 5.227 million ETH (approximately $12.8 billion). Currently, there are still 1.33 million ETH in the Ethereum staking entry queue, with a wait time exceeding 23 days. The number of ETH exiting staking is only 149,000, with a wait time of less than 4 days.
  4. Solana-based meme coin Kimchi hits $40 million market cap within 1 hour of launch.BlockBeats news, October 21, according to GMGN market data, the Solana on-chain Meme coin Kimchi reached a market cap of $40 million within 1 hour of launch, currently at $38.71 million, with a trading volume of $23.7 million. X platform user Kimchi (@kimchi1x) currently holds 75.32% of the total supply of this Meme coin. The trader is known for a low-key and mysterious image, almost never posting trading records or calls, mainly sharing luxurious lifestyle, travel, luxury cars, watches, and other high-end daily photos/videos. Their X bio has been changed to @pumpfun. Pump.fun co-founder alon posted that Kimchi is the first person to truly bridge the gap between the crypto industry and popular culture, and the first case of a trader growing into a public celebrity. He represents the future direction of the industry: building a massive social trading ecosystem, attracting more retail users to enter, and growing the ecosystem to 10 times the size of the previous cycle. The next wave of users will not come from CT (Crypto Twitter), but from the broader general public. Pump.fun is delighted that Kimchi can help set the creative direction and drive the ecosystem toward the goal of 100x expansion. BlockBeats reminds users that Meme coins mostly lack practical use cases, prices are highly volatile, and investment requires caution.
  5. Serenity: Extreme divergence between AI infrastructure valuations and fundamentals, market may present another opportunity for positioningBlockBeats news, October 21 - Serenity posted that the divergence between fundamental demand and market valuation in the current AI infrastructure sector has reached extreme levels. Procurement demand from companies related to SMCI to SPCX is accelerating, but stock prices of companies from AAOI to colocation data center service providers continue to decline. As the earnings season concludes, October 2026 may be seen as an investment opportunity similar to the DeepSeek shock or the market correction triggered by tariffs in April.
  6. South Korean stock index extends gains to 3%.BlockBeats news, October 21, according to Bitget market data, South Korea's KOSPI index expanded its intraday gains to 3%, SK Hynix (SKHY.O) rose 6%, and Samsung Electronics rose 4.6%.
  7. Citadel strategist: Funds will flow back into AI stock trades after the US midterm electionsBlockBeats news, October 21 - Scott Rubner, Head of Equity and Derivatives Strategy at Citadel Securities, stated that after the U.S. midterm elections, investors are expected to re-enter the market to position in AI-related stocks, driving this investment theme that has recently faced selling pressure to outperform the broader market again next month. Currently, institutional clients tend to wait for political uncertainty to subside, while retail investors continue to actively buy on dips. Speaking in an interview with Bloomberg Television on Tuesday during Citadel Securities' Global Markets Future Forum in New York, Rubner noted that investors generally view the midterm elections as a key event to clarify risks, and the post-election period may be exactly the right time for AI stocks to regain leadership. He said the message from clients is: "Willing to buy at higher prices, but not now before a major political event." This reflects that some capital would rather wait for clarity than rush to position amid the recent pullback.
  8. South Korea's KOSPI index opened up 1.83%.BlockBeats news, October 21, according to Bitget market data, South Korea's KOSPI index opened up 101.87 points, or 1.83%, at 5654.61 points on Wednesday, October 21. SK Hynix and Samsung Electronics rose about 3%.