China\'s AI company MiniMax has launched M3.1 Flash, a large language model designed to boost inference speed and sharply cut usage costs. The company said the model reduces AI agent task costs by 70 percent versus its predecessor and increases inference speed about threefold. Built on a mixture-of-experts architecture, it supports text, image and video inputs and up to 1 million tokens of context. MiniMax also disclosed pricing and availability across its API, subscription service and coding app.

Shibarium, the Shiba Inu layer 2 network, recorded 659 transactions in the past 24 hours, the lowest level in about a month, according to ShibariumScan data cited by U.Today. Activity has fallen sharply from earlier in October. Development updates continued, including CreateX deployment, Safe v1.4.1 contracts and full activation of x402. ShibariumScan also warned some figures may be inaccurate due to ongoing block indexing. SHIB holders rose by 2,495 since October, while SHIB fell 2.98 percent in 24 hours and 10.13 percent over a week.