Bybit indicates that its subsidiary Bybit Fintech FZE has obtained a virtual asset service provider license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to conduct encrypted asset trading operations including spot trading. The company stated that this development will support its expansion of business in Dubai within the regulatory framework and will continue to invest in compliance, security, and risk management.

Heatbit launches a water heater component named Bitwater that can be screwed into existing electric water tanks in the United States and Canada, mining Bitcoin while heating water. The product uses 20 Bitcoin mining chips, with a maximum computing power of 34 TH /s and a maximum power consumption of 600 watts. The initial pre-sale price is $899, with subsequent batches costing up to $1,299.

According to Bloomberg, Volkswagen Group has suspended further investment in its electric vehicle project in India, awaiting a more definitive business plan with the Indian JSW group regarding potential cooperation. Sources familiar with the matter say that Volkswagen has completed the relevant design work, but subsequent investments will still depend on the progress of negotiations.

Elon Musk has successively mentioned the potential merger during the financial report conferences of SpaceX and Tesla, sparking ongoing discussions on Wall Street. Reports indicate that the two companies have established a special committee to evaluate the transaction, but regulatory issues, voting rights, and cross-border reviews may all pose obstacles.

Ethereum developers have postponed the upgrade of Glamsterdam on the Hoodi testnet due to concerns regarding the compatibility and security of smart contracts related to EIP-8037. The activation scheduled for October 26th has been canceled, and the plan to increase the gas cap to 200 million has also been postponed. The foundation stated that Hoodi node operators need to update their clients, and the date for the mainnet launch is still undecided.