BitTorrent has completed its inaugural burn of BTT tokens, using 100% of decentralized service revenue to repurchase and permanently remove over 21.6 trillion tokens from circulation. This marks a key step in BitTorrent's long-term strategy to create a deflationary token model that supports sustainable growth and value accrual. Alongside this, BitTorrent unveiled a major brand upgrade and a new whitepaper outlining its evolution into a comprehensive Web3 and AI infrastructure platform. The upgraded ecosystem integrates peer-to-peer content delivery, decentralized AI compute, and cross-chain interoperability, all powered by the BTT token as the unified economic engine. This strategic pivot aims to address challenges in data delivery, compute power, and on-chain fees, positioning BitTorrent as a leading infrastructure provider for the decentralized AI and Web3 future.
BitTorrent's strategic rebrand and inaugural BTT token burn mark a significant move in its Web3 infrastructure evolution. For readers following the broader US stock market, here is Pluang's market snapshot as of Oct 18, 2026 23:11 WIB: out of 150 priced US stocks, 48 rose and 102 fell. Notable movers include LCID (Lucid Group Inc) at USD 3.13 with a 1-day change of -10.57% and 100% buy order activity, OPEN (Opendoor Technologies Inc) at USD 2.12 down 8.84% with 100% sell order activity, and SNOW (Snowflake Inc) at USD 306.84 down 8.43% with 100% sell order activity.
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The WisdomTree Cloud Computing Fund (WCLD) has been upgraded to a buy due to its improved valuation and positive technical indicators. It trades at a reasonable 22.2x price-to-earnings ratio with a strong long-term earnings growth rate of over 14%, r...
Ether (ETH) experienced $12.99 million in long position liquidations within an hour ending at 3:40 p.m. ET on October 18, contributing to a total of $13.01 million liquidations on Binance, Bybit, and OKX. This sharp liquidation coincided with Ether's...
