DashTape

Daily

Desk brief

2026-10-22 · 8 high-impact headlines

BTC$84,169.66Bitcoin+1.64%ETH$2,471.90Ethereum+1.14%USDT$0.9992Tether+0.03%BNB$747.86Binance Coin+0.85%XRP$1.36XRP+2.24%USDC$1.00USD Coin−0.02%

Market cap

+2.25%

68

Greed

Headlines

Flash

  1. Meta plans to introduce non-voting shares to fund AI without diluting Zuckerberg's control.BlockBeats news, October 22: Meta announced plans to introduce new non-voting shares, indicating that the company may rely heavily on new stock issuance to fund its artificial intelligence (AI) buildout. The plan will allow the company to issue new shares—for acquisitions, attracting top AI talent, and paying for chips—without diluting Mark Zuckerberg's control. Alphabet took a similar step in 2014, implementing a 2-for-1 stock split and introducing non-voting shares alongside super-voting shares, keeping co-founders Larry Page and Sergey Brin's combined control at just over 50%. This made it easier for the company to issue $85 billion in new shares earlier this year to pay for AI investments; half of the new shares carried no voting rights. The decision was driven by "high capital expenditures from AI research." Financial report data shows that Meta's capital expenditure guidance lower bound was raised from $130 billion to $135 billion, with an upper limit of $145 billion. Third-quarter capital expenditures exceeded $40 billion (less than $19 billion in the same period last year), free cash flow was -$2.12 billion, compared with $10.63 billion in the same period last year.
  2. PHP Foundation admits structural failures, delays in fixing critical security vulnerabilities.BlockBeats news, October 22: The PHP Foundation stated that due to hesitant decision-making and insufficient resources, remediation work for critical security vulnerabilities first discovered in 2024 has repeatedly stalled and restarted, characterizing the delays as a "structural failure." PHP is a programming language widely used for websites and web applications. PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the vulnerabilities to execute code on affected servers without needing to log in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.
  3. UK financial regulator launches consultation on DeFi guidance and crypto regulations.BlockBeats news, October 22 — The UK Financial Conduct Authority (FCA) announced the launch of two consultation periods, one on how businesses using decentralized finance (DeFi) should comply with its guidance, and another on exemptions for certain cryptoassets due to "recent legislative changes." In an announcement published on Wednesday, the FCA opened a consultation period aimed at helping DeFi businesses comply with the financial regulator's rules on anti-money laundering and financial crime. The agency also announced a consultation on "cryptoasset regulatory exemptions," citing recent UK legislation. Regarding DeFi, the FCA said the proposed guidance "is intended to clarify existing rules rather than create new policy." "DeFi is one of the most innovative areas (of financial services)," the UK Cryptoasset Business Council said in response to the consultation. "The UK can still get the balance right — clear boundary rules, proportionate expectations, and a framework that allows responsible innovation to take root here rather than migrate elsewhere… The FCA needs to get this right." The crypto regulatory exemption refers to a regulatory regime previously announced by the FCA covering stablecoin custody arrangements and reserve assets, expected to take effect from October 2027. The FCA opened the application channel for crypto entities on September 30, and firms seeking compliance must submit applications before the February 28, 2027 deadline.
  4. Meta Q3 earnings: Revenue up 26% beating expectations, billion-dollar legal fees and AI capital expenditures both exert pressureBlockBeats news, October 22 — Meta released its third-quarter 2026 results in the early hours of today Beijing time, with revenue of $64.601 billion, up 26% year-over-year, beating the market consensus estimate (approximately $63.3–$63.7 billion). Net income was $9.860 billion, up 264% year-over-year, and GAAP diluted earnings per share were $3.83. Operating income fell 37% year-over-year to $12.988 billion, with the operating margin dropping to about 20% (about 40% in the same period last year), mainly due to a $9.89 billion legal charge. The charge relates to agreements the company reached with U.S. state attorneys general over lawsuits concerning teen mental health and social media, with total payments under the agreements capped at about $18.59 billion. Meta said that excluding the charge, operating income was $22.88 billion, corresponding to adjusted diluted earnings per share of about $7.40. The sharp year-over-year increase in net income was also helped by the low base from an effective tax rate of 87% in the same period last year; the effective tax rate this quarter was 24%, and would be lower still excluding the impact of the legal charge. The advertising business kept growing, with ad impressions up 10% year-over-year and the average price per ad up 14%. Family daily active people were about 3.64 billion, up 3% year-over-year. Family of Apps revenue was about $64.16 billion, of which advertising revenue was about $63.06 billion. Reality Labs revenue was about $443 million, with an operating loss of about $4.13 billion. Total expenses were about $51.6 billion, up sharply by 68% year-over-year, including the aforementioned legal charge. Third-quarter capital expenditures (including principal payments on finance leases) were about $34.9 billion, free cash flow was negative $2.12 billion, and cash, cash equivalents and marketable securities at quarter-end were about $82.4 billion. The company expects fourth-quarter revenue of $73 billion to $76 billion, with the midpoint above most consensus estimates. Full-year capital expenditure guidance was narrowed to $135 billion to $145 billion (previously $130 billion to $145 billion), while full-year expense guidance was raised to $175 billion to $179 billion (previously about $165 billion to $169 billion), mainly due to the inclusion of the legal charge; excluding the charge, full-year operating income is still expected to be higher than in 2025. The company also expects Reality Labs operating losses of about $18 billion to $19 billion in 2026, with a narrowing expected next year. According to BIT (BIT.com) market data, possibly affected by the earnings information, META shares rose 2.17% after hours.
  5. Tesla Q3 earnings: Revenue flat year-over-year, net profit down 43%, operating expenses surge 39%BlockBeats news, October 22 - Tesla announced its Q3 2026 financial results in the early hours of today Beijing time, with revenue of $28.046 billion, essentially flat year-over-year; net income attributable to common stockholders was $787 million, down approximately 43% year-over-year, with GAAP diluted earnings per share of $0.22, below $0.39 in the same period last year. Operating income fell approximately 56% year-over-year to $718 million, with an operating margin of 2.6%, down 3.2 percentage points year-over-year. This was mainly due to significant increases in spending on R&D, AI, robotics, and other areas (operating expenses rose approximately 39%). Overall GAAP gross margin rose to 19.6% (up approximately 1.6 percentage points year-over-year, and also notably higher than the previous quarter). Automotive gross margin excluding regulatory credits was approximately 18.1%, showing significant improvement compared to both the previous quarter and the same period last year. Vehicle deliveries for the quarter were 486,500 units, down 2% year-over-year; production was 464,400 units, up 4% year-over-year. Automotive revenue declined approximately 3% year-over-year, energy generation and storage revenue fell approximately 16%, while services and other revenue grew approximately 33%. The company stated that increased R&D and other operating expenses, reduced regulatory credit revenue, and lower energy business gross margins put pressure on operating income. Tesla's Q3 operating cash flow was $6.263 billion, with free cash flow of $1.531 billion, below $3.990 billion in the same period last year. The company stated that battery supply continues to constrain vehicle production ramp-up; meanwhile, Semi mass production has commenced in Nevada, Optimus production has begun in Fremont, and Cybercab has been deployed in the Austin Robotaxi fleet operations. According to BIT (bit.com) market data, possibly affected by the earnings information, SPCX fell 3.32% in after-hours trading.
  6. Market rumor: SpaceX and Tesla plan to complete merger before end of Trump's termBlockBeats news, October 22 - According to market sources, SpaceX and Tesla plan to complete a merger transaction before the end of Trump's term, striving to reach a merger agreement in the first half of 2027.
  7. US stocks close: AI and crypto concept stocks rise across the board, MSTR and SPCX up over 7%.BlockBeats news, October 22, according to BIT(bit.com) market data, US stocks closed higher, with the Dow up about 0.69%, the S&P 500 up about 0.58%, and the Nasdaq up about 1.05%. The fear index VIX closed down about 3.64% at 16.68. Most optical communication concept stocks closed higher, with Credo (CRDO) up about 6.3%, Ciena (CIEN) up about 5.7%, Lumentum (LITE) up about 3.4%, Coherent (COHR) up about 2.5%, and Applied Optoelectronics (AAOI) up about 0.8%. Semiconductor stocks closed higher, with AMD up about 3.4%, ASML up about 2.8%, Nvidia (NVDA) up about 2.5%, Arm up about 2.5%, Micron (MU) up about 2.0%, Marvell (MRVL) up about 1.8%, TSMC (TSM) up about 1.6%, Intel (INTC) up about 1.4%, and Broadcom (AVGO) up about 1.0%. Storage stocks closed higher, with Western Digital (WDC) up about 3.9%, Seagate (STX) up about 3.2%, SK Hynix (SKHY) up about 2.5%, and SanDisk (SNDK) up about 0.9%. Crypto concept stocks strengthened, with BNB Standard (BNC) up over 11%, Strategy (MSTR) up about 7.5%, Bitmine (BMNR) up about 5.0%, Circle (CRCL) up about 4.5%, MARA up about 4.1%, Robinhood (HOOD) up about 3.8%, and Coinbase (COIN) up about 3.6%. Among large tech companies, Tesla (TSLA) rose about 3.4%, Apple (AAPL) rose about 1.3%; Google (GOOGL) fell about 1.6%, SpaceX (SPCX) rose 7.79%.
  8. Trump says no attack on Iran before midterms, but no real breakthrough in US-Iran talksBlockBeats news, October 22: U.S. President Trump stated that there will be no bombing of Iran before the midterm elections, but the U.S. is evacuating some non-emergency personnel from Saudi Arabia, reducing troops at some Middle East bases, and deploying additional aircraft carriers and amphibious forces; the Israeli military reportedly dispatched dozens of fighter jets this week that approached the Iranian border before turning back, and its target list is also being updated. The U.S. State Department has ordered the evacuation of non-emergency government employees and family members within Saudi Arabia only, citing attacks by Iran-backed Houthi forces on civilian targets in Saudi Arabia. Separately, reports indicate that the U.S. military has quietly reduced troops in Jordan, Qatar, Kuwait, and other locations in recent days; The Wall Street Journal reports that the U.S. is deploying another aircraft carrier to the Middle East, with a third carrier strike group approaching from the Pacific direction, and is also deploying an amphibious assault ship carrying Marines. If the additional forces arrive and existing vessels are not rotated out, the total number of U.S. military vessels in the region is expected to exceed 24 (currently about 20). On the other hand, Israeli Prime Minister Netanyahu is reportedly continuing to advocate resuming large-scale strikes on Iran, and the U.S. even suspects that Israel is deliberately trying to provoke Iran into firing. Israel's Channel 12, citing U.S. sources, reported that earlier this week dozens of Israeli military fighter jets and refueling aircraft flew over Syria and Iraq toward the Iranian border, with flight routes highly similar to those for an attack on Iran, before turning back prior to entering Iranian airspace; Israel described it as an exercise and deterrence. Meanwhile, Pakistan, Qatar, and others are stepping up mediation, but the U.S. demands talks on the nuclear program while Iran wants to first discuss reopening the Strait of Hormuz, and negotiations remain without a breakthrough.