BlockBeats news, on October 1st, according to BIT(bit.com) market data, during the US stock trading session, NEAR treasury company SVRN dropped more than 20%, currently at $39.49. In AI stocks, optical communication concept stocks rose strongly, with LITE and COHR increasing nearly 10%, AAOI up 5.79%, while neocloud concept stocks generally declined, among which SHAZ led the decline, currently down 7.7%.

BlockBeats news, on October 1, Stacks co-founder Muneeb Ali announced on the X platform that he will serve as the new CEO of Stacks Labs. Last year, Stacks underwent an ecosystem restructuring, and Stacks Labs became the protocol's operational center. Over the past year, Alex Miller served as the interim CEO of Stacks Labs. Muneeb Ali stated that his confidence in STX is higher than ever before. After the successful launch of Bitcoin staking, it is time to double down on the development of the

Breaking AI News from Dongcha: Runway has released a robot model called Praxis-1, applying the ability to train AI video models to real robots. It first learns how objects move and how people complete tasks from a large amount of ordinary video, then turns this experience into robot actions. Runway conducted an object placement test. After pretraining with internet videos, the robot's average error was 16.1 cm; using specially collected robot teleoperation videos, the error was 16.0 cm. A total

BlockBeats news, on October 1, according to crypto lawyer Ariel Givner, a judge of the U.S. District Court for the Eastern District of New York dismissed the class action lawsuit against Magic Eden's operating entity Euclid Labs and its co-founder Zhuoxun Yin regarding the ME token. The plaintiffs accused the platform of promoting the ME token as having cross-chain and buyback capabilities, then transforming into a gambling platform, which caused the token price to plummet by over 98%. However,

BlockBeats news: On October 1, California Governor Gavin Newsom signed Executive Order N-10-26, requiring state agencies to continue using the terms "Artificial Intelligence" and "AI," unaffected by the federal government's possible shift to "super intelligence." Previously, on September 27, Gavin Newsom signed multiple bills including measures to: ban California public officials from issuing Meme coins and prohibit trading platforms from listing Meme coins using public officials' images; comba

Beating AI News: Perplexity has open-sourced a new context embedding model called pplx-embed-v2-context-9b-preview, mainly used for RAG retrieval. Ordinary embeddings usually split long documents into small chunks and understand them separately, but the new model encodes these chunks together, allowing each chunk to generate vectors with reference to the entire document's context. The model is now available on Hugging Face under the MIT license. For example, if a text only says "It grew by 20%"

BlockBeats news, on October 1, the final value of the US September S&P Global Manufacturing PMI was 55.9, previous value 57.

BlockBeats news, on October 1st, at the opening of the US stock market, the Dow Jones rose 0.14%, the S&P 500 index rose 0.22%, and the Nasdaq rose 0.46%. According to BIT(bit.com) market data, among the star stocks, Accenture rose 17.8%, boosted by its Q4 earnings and next fiscal year guidance. Google A rose 2.4%, having recently launched the Gemini 4 flagship AI model. Micron Technology fell 1.8%, as its quarterly earnings and next quarter guidance seemed to disappoint the market. In the cry

BlockBeats news, on October 1st, Robinhood CEO Vlad Tenev stated in an interview with The Rollup, "One reason Robinhood Chain can succeed is that we did not deliberately select or support certain winners (referring to high-quality DeFi protocols like Uniswap mentioned by the reporter). Of course, we want to help developers, but more importantly, we maintain platform neutrality and minimize fees as much as possible — and we have achieved that. I believe our developer activity ranks first. The R

BlockBeats news, on October 1st, Robinhood Wallet integrated Arcus's API, expanding its product to over 190 stock tokens. This integration makes Arcus one of the many routing providers available to Robinhood Wallet for spot trading of stock tokens. Eligible Robinhood Wallet users in supported regions will be able to access Arcus's liquidity and execution infrastructure through the wallet.