
SOL demand cools as its total value locked drops by $10 billion and memecoin trading slumps. Traders’ lack of appetite for long leverage could further complicate the situation.


SOL demand cools as its total value locked drops by $10 billion and memecoin trading slumps. Traders’ lack of appetite for long leverage could further complicate the situation.

The comments followed the asset management company’s policy change allowing its clients to trade crypto exchange-traded funds.
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology.
Expanded carrier screening: Is it worth it?
Carrier screening tests would-be parents for hidden genetic mutations that might affect their children. It initially involved testing for specific genes in at-risk populations.
Expanded carrier screening takes things further, giving would-be parents an option to test for a wide array of diseases in prospective parents and egg and sperm donors.
The companies offering these screens “started out with 100 genes, and now some of them go up to 2,000,” Sara Levene, genetics counsellor at Guided Genetics, said at a meeting I attended this week. “It’s becoming a bit of an arms race amongst labs, to be honest.”
But expanded carrier screening comes with downsides. And it isn’t for everyone. Read the full story.
—Jessica Hamzelou
This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.
Southeast Asia seeks its place in space
It’s a scorching October day in Bangkok and I’m wandering through the exhibits at the Thai Space Expo, held in one of the city’s busiest shopping malls, when I do a double take. Amid the flashy space suits and model rockets on display, there’s a plain-looking package of Thai basil chicken. I’m told the same kind of vacuum-sealed package has just been launched to the International Space Station.
It’s an unexpected sight, one that reflects the growing excitement within the Southeast Asian space sector. And while there is some uncertainty about how exactly the region’s space sector may evolve, there is plenty of optimism, too. Read the full story.
—Jonathan O’Callaghan
This story is from the next print issue of MIT Technology Review magazine. If you haven’t already, subscribe now to receive future issues once they land.
The must-reads
I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.
1 Disney just signed a major deal with OpenAI
Meaning you’ll soon be able to create Sora clips starring 200 Marvel, Pixel and Star Wars characters. (Hollywood Reporter $)
+ Disney used to be openly skeptical of AI. What changed? (WSJ $)
+ It’s not feeling quite so friendly towards Google, however. (Ars Technica)
+ Expect a load of AI slop making its way to Disney Plus. (The Verge)
2 Donald Trump has blocked US states from enforcing their own AI rules
But technically, only Congress has the power to override state laws. (NYT $)
+ A new task force will seek out states with “inconsistent” AI rules. (Engadget)
+ The move is particularly bad news for California. (The Markup)
3 Reddit is challenging Australia’s social media ban for teens
It’s arguing that the ban infringes on their freedom of political communication. (Bloomberg $)
+ We’re learning more about the mysterious machinations of the teenage brain. (Vox)
4 ChatGPT’s “adult mode” is due to launch early next year
But OpenAI admits it needs to improve its age estimation tech first. (The Verge)
+ It’s pretty easy to get DeepSeek to talk dirty. (MIT Technology Review)
5 The death of Running Tide’s carbon removal dream
The company’s demise is a wake-up call to others dabbling in experimental tech. (Wired $)
+ We first wrote about Running Tide’s issues back in 2022. (MIT Technology Review)
+ What’s next for carbon removal? (MIT Technology Review)
6 That dirty-talking AI teddy bear wasn’t a one-off
It turns out that a wide range of LLM-powered toys aren’t suitable for children. (NBC News)
+ AI toys are all the rage in China—and now they’re appearing on shelves in the US too. (MIT Technology Review)
7 These are the cheapest places to create a fake online account
For a few cents, scammers can easily set up bots. (FT $)
8 How professors are attempting to AI-proof exams
ChatGPT won’t help you cut corners to ace an oral examination. (WP $)
9 Can a font be woke?
Marco Rubio seems to think so. (The Atlantic $)
10 Next year is all about maximalist circus decor 
That’s according to Pinterest’s trend predictions for 2026. (The Guardian)
Quote of the day
“Trump is delivering exactly what his billionaire benefactors demanded—all at the expense of our kids, our communities, our workers, and our planet.”
—Senator Ed Markey criticizes Donald Trump’s decision to sign an order cracking down on US states’ ability to self-regulate AI, the Wall Street Journal reports.
One more thing

Taiwan’s “silicon shield” could be weakening
Taiwanese politics increasingly revolves around one crucial question: Will China invade? China’s ruling party has wanted to seize Taiwan for more than half a century. But in recent years, China’s leader, Xi Jinping, has placed greater emphasis on the idea of “taking back” the island (which the Chinese Communist Party, or CCP, has never controlled).
Many in Taiwan and elsewhere think one major deterrent has to do with the island’s critical role in semiconductor manufacturing. Taiwan produces the majority of the world’s semiconductors and more than 90% of the most advanced chips needed for AI applications.
But now some Taiwan specialists and some of the island’s citizens are worried that this “silicon shield,” if it ever existed, is cracking. Read the full story.
—Johanna M. Costigan
We can still have nice things
A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.)
+ Reasons to be cheerful: people are actually nicer than we think they are.
+ This year’s Krampus Run in Whitby—the Yorkshire town that inspired Bram Stoker’s Dracula—looks delightfully spooky.
+ How to find the magic in that most mundane of locations: the airport.
+ The happiest of birthdays to Dionne Warwick, who turns 85 today.
It’s a scorching October day in Bangkok and I’m wandering through the exhibits at the Thai Space Expo, held in one of the city’s busiest shopping malls, when I do a double take. Amid the flashy space suits and model rockets on display, there’s a plain-looking package of Thai basil chicken. I’m told the same kind of vacuum-sealed package has just been launched to the International Space Station.
“This is real chicken that we sent to space,” says a spokesperson for the business behind the stunt, Charoen Pokphand Foods, the biggest food company in Thailand.
It’s an unexpected sight, one that reflects the growing excitement within the Southeast Asian space sector. At the expo, held among designer shops and street-food stalls, enthusiastic attendees have converged from emerging space nations such as Vietnam, Malaysia, Singapore, and of course Thailand to showcase Southeast Asia’s fledgling space industry.
While there is some uncertainty about how exactly the region’s space sector may evolve, there is plenty of optimism, too. “Southeast Asia is perfectly positioned to take leadership as a space hub,” says Candace Johnson, a partner in Seraphim Space, a UK investment firm that operates in Singapore. “There are a lot of opportunities.”

For example, Thailand may build a spaceport to launch rockets in the next few years, the country’s Geo-Informatics and Space Technology Development Agency announced the day before the expo started. “We don’t have a spaceport in Southeast Asia,” says Atipat Wattanuntachai, acting head of the space economy advancement division at the agency. “We saw a gap.” Because Thailand is so close to the equator, those rockets would get an additional boost from Earth’s rotation.
All kinds of companies here are exploring how they might tap into the global space economy. VegaCosmos, a startup based in Hanoi, Vietnam, is looking at ways to use satellite data for urban planning. The Electricity Generating Authority of Thailand is monitoring rainstorms from space to predict landslides. And the startup Spacemap, from Seoul, South Korea, is developing a new tool to better track satellites in orbit, which the US Space Force has invested in.
It’s the space chicken that caught my eye, though, perhaps because it reflects the juxtaposition of tradition and modernity seen across Bangkok, a city of ancient temples nestled next to glittering skyscrapers.
In June, astronauts on the space station were treated to this popular dish, known as pad krapow. It’s more commonly served up by street vendors, but this time it was delivered on a private mission operated by the US-based company Axiom Space. Charoen Pokphand is now using the stunt to say its chicken is good enough for NASA (sadly, I wasn’t able to taste it to weigh in).
Other Southeast Asian industries could also lend expertise to future space missions. Johnson says the region could leverage its manufacturing prowess to develop better semiconductors for satellites, for example, or break into the in-space manufacturing market.
I left the expo on a Thai longboat down the Chao Phraya River that weaves through Bangkok, with visions of astronauts tucking into some pad krapow in my head and imagining what might come next.
Jonathan O’Callaghan is a freelance space journalist based in Bangkok who covers commercial spaceflight, astrophysics, and space exploration.
This week I’ve been thinking about babies. Healthy ones. Perfect ones. As you may have read last week, my colleague Antonio Regalado came face to face with a marketing campaign in the New York subway asking people to “have your best baby.”
The company behind that campaign, Nucleus Genomics, says it offers customers a way to select embryos for a range of traits, including height and IQ. It’s an extreme proposition, but it does seem to be growing in popularity—potentially even in the UK, where it’s illegal.
The other end of the screening spectrum is transforming too. Carrier screening, which tests would-be parents for hidden genetic mutations that might affect their children, initially involved testing for specific genes in at-risk populations.
Now, it’s open to almost everyone who can afford it. Companies will offer to test for hundreds of genes to help people make informed decisions when they try to become parents. But expanded carrier screening comes with downsides. And it isn’t for everyone.
That’s what I found earlier this week when I attended the Progress Educational Trust’s annual conference in London.
First, a bit of background. Our cells carry 23 pairs of chromosomes, each with thousands of genes. The same gene—say, one that codes for eye color—can come in different forms, or alleles. If the allele is dominant, you only need one copy to express that trait. That’s the case for the allele responsible for brown eyes.
If the allele is recessive, the trait doesn’t show up unless you have two copies. This is the case with the allele responsible for blue eyes, for example.
Things get more serious when we consider genes that can affect a person’s risk of disease. Having a single recessive disease-causing gene typically won’t cause you any problems. But a genetic disease could show up in children who inherit the same recessive gene from both parents. There’s a 25% chance that two “carriers” will have an affected child. And those cases can come as a shock to the parents, who tend to have no symptoms and no family history of disease.
This can be especially problematic in communities with high rates of those alleles. Consider Tay-Sachs disease—a rare and fatal neurodegenerative disorder caused by a recessive genetic mutation. Around one in 25 members of the Ashkenazi Jewish population is a healthy carrier for Tay-Sachs. Screening would-be parents for those recessive genes can be helpful. Carrier screening efforts in the Jewish community, which have been running since the 1970s, have massively reduced cases of Tay-Sachs.
Expanded carrier screening takes things further. Instead of screening for certain high-risk alleles in at-risk populations, there’s an option to test for a wide array of diseases in prospective parents and egg and sperm donors. The companies offering these screens “started out with 100 genes, and now some of them go up to 2,000,” Sara Levene, genetics counsellor at Guided Genetics, said at the meeting. “It’s becoming a bit of an arms race amongst labs, to be honest.”
There are benefits to expanded carrier screening. In most cases, the results are reassuring. And if something is flagged, prospective parents have options; they can often opt for additional testing to get more information about a particular pregnancy, for example, or choose to use other donor eggs or sperm to get pregnant. But there are also downsides. For a start, the tests can’t entirely rule out the risk of genetic disease.
Earlier this week, the BBC reported news of a sperm donor who had unwittingly passed on to at least 197 children in Europe a genetic mutation that dramatically increased the risk of cancer. Some of those children have already died.
It’s a tragic case. That donor had passed screening checks. The (dominant) mutation appears to have occurred in his testes, affecting around 20% of his sperm. It wouldn’t have shown up in a screen for recessive alleles, or even a blood test.
Even recessive diseases can be influenced by many genes, some of which won’t be included in the screen. And the screens don’t account for other factors that could influence a person’s risk of disease, such as epigenetics, microbiome, or even lifestyle.
“There’s always a 3% to 4% chance [of having] a child with a medical issue regardless of the screening performed,” said Jackson Kirkman-Brown, professor of reproductive biology at the University of Birmingham, at the meeting.
The tests can also cause stress. As soon as a clinician even mentions expanded carrier screening, it adds to the mental load of the patient, said Kirkman-Brown: “We’re saying this is another piece of information you need to worry about.”
People can also feel pressured to undergo expanded carrier screening even when they are ambivalent about it, said Heidi Mertes, a medical ethicist at Ghent University. “Once the technology is there, people feel like if they don’t take this opportunity up, then they are kind of doing something wrong or missing out,” she said.
My takeaway from the presentations was that while expanded carrier screening can be useful, especially for people from populations with known genetic risks, it won’t be for everyone.
I also worry that, as with the genetic tests offered by Nucleus, its availability gives the impression that it is possible to have a “perfect” baby—even if that only means “free from disease.” The truth is that there’s a lot about reproduction that we can’t control.
The decision to undergo expanded carrier screening is a personal choice. But as Mertes noted at the meeting: “Just because you can doesn’t mean you should.”
This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

The Depository Trust and Clearing Corporation plans to tokenize stocks, ETFs, and US Treasurys next year after receiving an SEC no-action letter.

Bitcoin miners Marathon Digital Holdings, Riot Platforms and Hut 8 are already in the top ten largest public companies holding Bitcoin.

A federal judge heard statements from some of Terraform Labs’ and Do Kwon’s victims for hours before deciding on the co-founder’s sentence.

The remarks signal Pakistan’s push to turn its grassroots crypto activity into a compliant, innovation-driven sector anchored by Bitcoin and digital-asset regulation.