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Ethereum ETFs Record $141 Million Inflows: Could This Secret Token Presale With Testnet 2.0 Bonus Become the Next Institutional Magnet?

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According to a recent update from SoSoValue, Ethereum-based ETFs recorded $141.66 million in net inflows on October 21. The cumulative total reached $14.59 billion, with assets under management standing at $27.17 billion, 5.69% of Ethereum’s market capitalization. Trading volume hit $3.17 billion, reflecting strong institutional participation. However, while ETFs attracted investor attention, a parallel shift has emerged toward Nexchain AI’s ongoing token presale, which continues to gain momentum with whale accumulation and expanding rewards. The token presale momentum has positioned Nexchain AI among the most followed blockchain launches this quarter.

BlackRock and Fidelity Dominate Ethereum ETF Inflows

BlackRock’s ETHA fund recorded the highest daily inflow of $42.46 million, contributing to cumulative inflows of $14.17 billion. Fidelity’s FETH followed with $59.07 million in new inflows and a cumulative total of $2.82 billion. Grayscale’s ETHE gained $13.14 million despite a cumulative outflow of $4.66 billion, while its ETH fund registered $22.58 million in new inflows, reaching $1.53 billion cumulatively. VanEck’s ETHV fund recorded an inflow of $4.40 million, while other ETFs like EZET and TETH showed minimal movement.

Source: SoSoValue (Ethereum ETFs)

Bitwise’s ETHW maintained unchanged inflows, holding cumulative gains of $416.71 million. Market prices for Ethereum ETFs declined between 4.86% and 5.02% during the session, indicating uniform downward pressure across assets. BlackRock’s ETHA traded at $28.76 after a 5.02% drop, while Fidelity’s FETH closed at $37.95 with a 4.98% decrease. Daily trading volumes remained high, led by ETHA at 59.33 million shares.

Nexchain AI: Redefining Blockchain Efficiency Through Intelligence

Nexchain AI operates as a hybrid blockchain integrating artificial intelligence to enhance scalability, security, and interoperability. Its token presale supports the development of adaptive consensus and AI-powered smart contracts that optimize performance in real time. The blockchain employs Directed Acyclic Graphs (DAGs) and sharding for parallel transaction validation, improving speed while reducing costs.

With post-quantum cryptography and CERTIK verification, Nexchain ensures robust security and long-term stability. Each stage of the token presale continues to record strong investor participation. Stage 25, priced at $0.10, raised $9.27 million, followed by Stage 26 at $0.104, which collected $10.12 million.

Stage 27, priced at $0.108, achieved $11.02 million, fully meeting its allocation. The current Stage 28 offers NEX at $0.112 and has already raised $11.09 million out of a $11.97 million target, over 90% completion. The trend indicates sustained investor confidence, with the token presale trajectory showing consistent accumulation from both retail and institutional participants.

Testnet 2.0 Launch in November: AI Events and Risk Scoring

Nexchain confirmed that Testnet 2.0 launched on October 13 and will run until November 28. The upcoming public release in November introduces a new design and AI Events that detect scam transactions and MEV risks. During confirmations, users will see real-time AI Risk Scores before approving transfers.

Source: Nexchain AI Token Presale

 

The token presale also features a 100% bonus under promo code TESTNET2.0, reinforcing participation. These features demonstrate how Nexchain blends automation with user protection to create a transparent blockchain environment. Nexchain’s ecosystem continues to evolve, supported by an expanding airdrop worth $5 million in NEX tokens.

Weekly quests and Flash Quest bonuses encourage ongoing engagement, while the Double Presale Points Week, which started on October 16th and ends on 23rd, rewards participants with ×2 points per purchase. The token presale remains active throughout this campaign, offering both staking incentives and bonus allocations.

Conclusion

Nexchain AI’s token presale aligns with a strategic roadmap emphasizing Testnet 2.0 deployment, ecosystem scaling, and mainnet readiness. With AI-driven infrastructure, advanced consensus, and a secure CERTIK audit, Nexchain continues to attract significant attention. As the crypto presale nears full allocation, the combination of technological depth and ongoing incentives positions the token presale as one of the most anticipated blockchain events of the year.

 

More Details:

Website: https://nexchain.ai/

Telegram: t.me/nexchain_ai/3

X: https://x.com/nexchain_ai

Airdrop: https://nexchain.ai/airdrop

Africa Is Open for Business – and Abia Is Scaling the Promise

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In 2012, I penned an article in Harvard Business Review titled “Africa Is Open for Business,” where I wrote: “Africa is open for business, and tomorrow’s global leaders should understand both the risks and the opportunities that are available here. There is the potential for corporations to make billions of dollars in profits in Africa. But, much more importantly, contributing to a strong and sustainable Africa could just be the next generation of global leaders’ greatest legacy.”

That vision is unfolding. Across the continent, nations are rising, industries are being reimagined, and the entrepreneurial spirit of Africa’s young population is rewriting the global growth story. In my home state of Abia, in Nigeria, that renaissance is not a theory, it is reality. Abia has stabilized its governance architecture and moved boldly into the phase of scaling opportunities, attracting capital, and building shared prosperity. The rhythm of development echoes from Umuahia to Aba, and across our industrious communities.

This November 25–27, 2025, the Abia–Türkiye Investment Summit & Product Exhibition will hold at the International Conference Centre, Umuahia. Themed “Bridging Continents, Unlocking Prosperity,” the summit will connect leaders, innovators, and investors from Türkiye and Nigeria across key sectors like manufacturing, agriculture, construction, energy, ICT, trade, and infrastructure development. It is a convergence designed to foster partnerships, drive investment deals, and showcase the finest of products and innovations.

On behalf of His Excellency, Dr. Alex C. Otti, OFR, Governor of Abia State, I invite investors, manufacturers, exporters, policymakers, and trade stakeholders to be part of this moment. Africa is open for business, and Abia is a leading destination in that open frontier. Come and be part of the story of bridging continents and unlocking shared prosperity.

Great People, let’s build the promise. Invest in Abia!

Airbnb CEO Says ChatGPT Not Ready for Integration Yet, Relies on Alibaba’s Qwen as AI Push Accelerates

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Airbnb Chief Executive Officer Brian Chesky says the company intends to integrate ChatGPT’s artificial intelligence capabilities into its travel platform, but that the software is not yet ready for the level of performance Airbnb requires.

“The [software development kit] wasn’t quite robust enough for the things we want to do,” Chesky said during an interview on CNBC’s Squawk Box on Wednesday. He added that Airbnb would “probably” proceed with ChatGPT integration eventually, emphasizing that the company continues to evaluate multiple AI models as part of its broader technology roadmap.

Airbnb this week unveiled a major product update introducing new social and personalization features, including direct user messaging and a revised AI-driven assistant capable of modifying or canceling bookings in North America. The new assistant is part of the company’s wider effort to enhance automation and create a seamless travel experience powered by artificial intelligence.

However, in a separate conversation with Bloomberg, Chesky acknowledged that OpenAI’s ChatGPT is still “not quite ready” to meet Airbnb’s operational and user-experience standards. He disclosed that the company is currently relying heavily on Alibaba’s Qwen model—a large language model developed by the Chinese technology conglomerate—alongside a blend of 13 different chatbots designed to power Airbnb’s AI capabilities.

“We’re all going to have to work together,” Chesky said. “AI is going to lift up a lot of companies. If they want to vertically integrate every single thing, that’s going to be very, very difficult.”

Airbnb’s Expanding AI Strategy

The latest update marks Airbnb’s most ambitious step toward AI-driven personalization since it launched its “Airbnb Rooms” product earlier this year, aimed at restoring affordability and user trust amid rising global travel costs. Chesky said the company’s long-term vision is to use AI to transform Airbnb into a “personal travel concierge”, capable of learning user preferences, suggesting destinations, creating custom itineraries, and handling post-booking support autonomously.

The move comes as major travel and hospitality platforms race to incorporate generative AI tools to improve efficiency and engagement. Expedia, for instance, integrated ChatGPT earlier this year to help users build travel plans conversationally, while Booking.com launched its “AI Trip Planner” powered by OpenAI’s models.

For Airbnb, the integration of ChatGPT—or any comparable large language model—poses both opportunities and challenges. Unlike simple text-based assistants, Airbnb’s AI must operate within a complex, transaction-heavy environment, coordinating between guests, hosts, payments, and support systems while maintaining regulatory and safety compliance across over 220 countries and regions.

Why ChatGPT Isn’t “Quite Ready”

According to Chesky, Airbnb’s experiments with OpenAI’s toolkit revealed limitations in reliability, contextual understanding, and the ability to integrate seamlessly with Airbnb’s proprietary systems. The software development kit (SDK), he said, “wasn’t robust enough” to manage the advanced workflows Airbnb envisions—such as real-time itinerary modification, personalized upselling, and multilingual support for millions of users simultaneously.

AI experts note that while ChatGPT’s GPT-4 model excels at natural conversation, its effectiveness in high-stakes transactional systems depends on extensive fine-tuning and data integration. Airbnb’s use of Alibaba’s Qwen model—part of the Tongyi Qianwen AI suite—suggests the company is diversifying its AI infrastructure to improve resilience and avoid dependency on a single model provider.

Airbnb’s cautious approach contrasts with some of its tech peers. Expedia Group launched its ChatGPT plugin integration earlier this year, enabling users to create itineraries directly from the chatbot interface. Trip.com Group, China’s largest travel platform, is developing its own AI model in partnership with Baidu. Google, meanwhile, has integrated its Gemini-powered assistant into its travel products, offering itinerary recommendations and hotel search tools.

Chesky’s comments denote an industry-wide recognition that while AI has transformative potential, real-world deployment requires rigorous testing, data governance, and privacy safeguards.

The Airbnb CEO, who has long been close to OpenAI CEO Sam Altman, said he believes generative AI will usher in a “consumer app boom” comparable to the smartphone revolution. However, he cautioned that most companies will need to collaborate rather than compete vertically in building end-to-end AI ecosystems.

Airbnb’s experiments with ChatGPT and Qwen represent the early stages of what could become a major transformation in online travel services. By merging conversational AI with its global accommodation network, Airbnb aims to eliminate traditional friction points—such as customer service backlogs, host-guest miscommunication, and manual trip planning—and replace them with automated, intelligent interactions.

Chesky has often framed Airbnb’s evolution as moving “from a listings company to a travel platform that knows you.” With AI at the core of that vision, the company’s eventual integration of ChatGPT—when the technology matures—could redefine how millions of travelers plan, book, and experience their trips worldwide.

Meta Cuts 600 Jobs in Superintelligence Lab as Zuckerberg Pursues “Talent-Dense” AI Strategy

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Meta is cutting around 600 jobs from its newly formed superintelligence division as the company reorganizes its sprawling artificial intelligence operations, signaling a shift toward smaller, faster teams in what CEO Mark Zuckerberg has called Meta’s “year of efficiency.”

In a memo to staff on Wednesday, Meta’s chief AI officer, Alexandr Wang, said the restructuring was meant to make the team “more agile and talent-dense” as the company pursues its ambitious goal of building “personal superintelligence” — a term Zuckerberg uses to describe AI systems that could eventually surpass human capabilities.

“By reducing the size of our team, fewer conversations will be required to make a decision, and each person will be more load-bearing and have more scope and impact,” Wang wrote.

The layoffs mark one of the most significant reorganizations within Meta’s AI division since the company established the Meta Superintelligence Lab (MSL) in June. The division was designed to spearhead research into next-generation AI models, consolidating engineers and scientists from multiple Meta units — including Facebook AI Research (FAIR), infrastructure, and product teams — under one structure.

Meta has described MSL as a cornerstone of its long-term AI strategy, with Zuckerberg pledging billions of dollars in compute and talent to compete with OpenAI, Anthropic, and Google DeepMind. The company has been aggressively recruiting since mid-2024, offering multimillion-dollar pay packages to lure researchers from rival firms.

Over the summer, Meta poached more than 50 scientists and engineers from competitors, including OpenAI and Google, though OpenAI CEO Sam Altman downplayed the departures. “None of our best people took the offers,” Altman said at the time.

Despite the hiring spree, the rapid growth of MSL has created internal strain. Current and former employees have described overlapping mandates and shifting priorities that led to confusion and tension across Meta’s broader AI organization. Several senior researchers reportedly left within months of joining.

The latest cuts appear aimed at resolving that internal friction by consolidating roles and tightening coordination. Wang’s memo said the reorganization would allow the division to “move faster” and empower each remaining team member to have greater influence.

“These are talented people who have worked extremely hard and contributed to our AI effort,” Wang wrote. “We are supporting the majority of those impacted in finding new roles at the company.”

He added that Meta had formed a “tiger team of recruiters” to help displaced employees quickly transition into new positions within the company.

Meta said the restructuring does not meaningfully reduce its overall headcount, as many of those affected are expected to be rehired in other AI or engineering roles.

The company’s move fits into a broader philosophy articulated by Zuckerberg since early 2023, when he began describing Meta’s “year of efficiency” as a way to make the company “leaner is better.” That initiative led to tens of thousands of job cuts across divisions, aimed at flattening management layers and improving decision speed.

In the case of the superintelligence lab, the goal appears to be organizational streamlining rather than cost-cutting.

“Our goal is to enable MSL to move faster,” Wang wrote, emphasizing that Meta’s investment in compute and AI infrastructure would continue. “We remain excited about the models we are training, our ambitious compute plans, and the products we are building, and I’m confident in our path to superintelligence.”

The superintelligence project has become one of Meta’s most expensive bets, with the company investing hundreds of millions of dollars to scale its compute clusters and train large AI models. Meta’s AI ambitions span multiple fronts — from the consumer-facing “Meta AI” assistant integrated into its apps to foundational models powering future augmented and virtual reality experiences.

Zuckerberg has framed AI as central to Meta’s long-term future, positioning the company as a challenger to OpenAI and Google in both research and product deployment.

“We want to build general intelligence openly and responsibly,” he said earlier this year. “Our goal is to make it available to everyone as widely as possible.”

Wang’s memo reflects that same ethos of aggressive efficiency paired with scale. His remarks echo a recurring theme across Meta’s AI units — that smaller, specialized teams are better suited to innovate in a field moving at unprecedented speed.

The restructuring also comes at a time when competition among leading AI companies has intensified. OpenAI, Anthropic, Google, and Meta are each training new frontier models that require massive amounts of compute power, driving a surge in demand for Nvidia chips and data center capacity.

Within this race, Meta has sought to differentiate itself by emphasizing open research and democratized access to its AI tools, including the Llama family of open-source models. The company recently launched Llama 3, which has been widely adopted by developers and integrated into several enterprise systems.

Still, internal tensions have emerged as Meta expands its ambitions beyond open-source models to the more exclusive superintelligence project, where research secrecy and proprietary models are expected to play a larger role. Some researchers reportedly expressed unease over the shift toward confidentiality and the heavy emphasis on rapid scaling.

Wang’s decision to trim the MSL workforce underscores the company’s effort to stabilize the division’s structure and clarify its direction after a summer of intense hiring and shifting goals. Analysts see the move as a sign that Meta is entering a more disciplined phase in its AI race — focusing on execution rather than expansion.

While the exact financial impact of the restructuring remains unclear, Meta insists that the investment pipeline for its AI research remains intact.

“This by no means signals any decrease in investment,” Wang reiterated. “We will continue to hire industry-leading AI-native talent.”

U.S. Government Shutdown Update: White House Advisor Predicts End This Week

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White House economic advisor Kevin Hassett stated on October 20, 2025, that the ongoing U.S. federal government shutdown—now in its 20th day—is “likely to end sometime this week.”

Speaking on CNBC’s Squawk Box, Hassett expressed optimism that moderate Democrats in the Senate would move forward with a vote to reopen the government, potentially as early as this week ending October 25, 2025, allowing subsequent negotiations on policy issues like extending Affordable Care Act (ACA) tax credits.

The U.S. federal government shutdown, now in its third week, has become the second-longest in history, surpassing the 21-day shutdown of 2018-2019 but trailing the record 35-day one from late 2018 to early 2019.

It began on October 1, 2025, after Congress failed to pass a funding bill ahead of the fiscal year deadline, amid disputes over extending Affordable Care Act (ACA) subsidies and broader spending priorities.

Republicans, controlling the White House, House, and Senate, have passed short-term continuing resolutions (CRs) in the House, but Senate Democrats have blocked them multiple times—now 11 votes deep—demanding protections for ACA tax credits set to expire at year’s end.

The shutdown began around October 1, 2025, after Congress failed to pass a continuing resolution (CR) to fund the government beyond the fiscal year deadline. It’s one of the longest in U.S. history, surpassing the 2018-2019 shutdown in duration as of October 18.

It has furloughed hundreds of thousands of federal workers, delayed paychecks (e.g., House aides won’t see funds until after Thanksgiving if unresolved), and disrupted services like national park access and Smithsonian operations though the latter may continue briefly on reserves.

Republicans, controlling Congress and the White House under President Trump, demand spending cuts and reforms tied to Project 2025 initiatives, including reductions in “Democrat agencies.”

Democrats insist on protecting ACA subsidies set to expire end-2025 and avoiding deep cuts, leading to a partisan standoff. Senate Majority Leader John Thune (R-S.D.) has floated a compromise vote to extend ACA credits in exchange for reopening the government.

Hassett suggested Democrats delayed action due to “bad optics” ahead of nationwide “No Kings” protests against Trump scheduled for this weekend October 25-26. Public polls largely blame Republicans for the impasse, with strong bipartisan support for ACA extensions.

Potential Timeline for Resolution

Hassett’s prediction hinges on Senate action post-protests, but key dates to watch include: October 24-25: Possible CR vote if moderates align. October 31: End-of-month pay cycle for federal workers, adding urgency. November 21: Previously proposed CR extension date, if no deal is reached sooner.

If no agreement materializes, Hassett warned of “stronger measures,” such as expanded “Reductions in Force” permanent layoffs already underway or further agency cuts.

Senate Majority Leader John Thune (R-SD)’s recent overtures. He proposed swapping ACA credit extensions for immediate government reopening, but Democrats insist on bundling both to avoid piecemeal concessions.

However, as of October 22, no breakthrough has occurred—Senate Republicans met with Trump at the White House yesterday October 21 for lunch in the Rose Garden, but emerged without a deal. Thune reiterated that Democrats hold the key, blaming their “fear of the radical left” for the delay.

President Trump, meanwhile, has doubled down on criticism of Democrats, posting on Truth Social about “Democrat Agencies” as “political SCAM[s]” and meeting with OMB Director Russ Vought to discuss potential cuts. Trump is set to depart for an Asia trip on October 26, adding urgency to resolve before then

The news has sparked optimism in financial circles, with some viewing an end to the shutdown as “bullish” for markets and sectors like crypto regulation delayed by the impasse.

On X, discussions range from bullish crypto takes to shares of Hassett’s comments, reflecting relief amid economic uncertainty. This situation remains fluid—Congressional leaders have shown little progress so far, but Hassett’s remarks signal internal White House confidence in a breakthrough.

CNN analysis on October 21 described “stasis” in Washington, with neither party budging amid blame games. Senate Minority Leader Chuck Schumer (D-NY) accused Republicans of using the shutdown for “stronger measures” like layoffs.

GOP figures like Sen. Lindsey Graham (R-SC) slammed Democrats for “blabbing” during marathon protest speeches like Sen. Jeff Merkley’s overnight filibuster-style address against Trump.