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9/25
18:29
US prosecutors allege that Capstone, a payments group working for Tether's bank, illegally moved hundreds of millions of dollars for crypto companies at the direction of a Caribbean bank, leading to the seizure of its bank accounts.
18:24
Ripple CEO Brad Garlinghouse praised Coinbase and its CEO, Brian Armstrong, in an interview, calling Coinbase one of the few important cryptocurrency companies in the United States and expressing great respect for it.
18:24
Ripple CEO Brad Garlinghouse stated that he is not an XRP maximalist, personally holds Solana, and is bullish on various cryptocurrencies. He emphasized that any technology and token must have practical use cases and solve problems, thus criticizing speculative trends such as NFTs and meme coins, believing they fail to create value.
18:24
Ripple CEO Brad Garlinghouse stated that XRP is not always the best solution for payment use cases, and sometimes stablecoins might be more effective. He emphasized that XRP doesn't necessarily have to be used if other assets can do the job more efficiently.
18:23
The Federal Reserve is preparing to raise the asset thresholds that trigger stricter bank regulations, Reuters reported. The highest threshold could increase from $700 billion to approximately $960 billion, while some requirements starting at $100 billion might be raised to nearly $150 billion. These adjustments would provide regional banks with greater room for growth while avoiding additional regulatory costs, potentially leading to a new wave of bank mergers and acquisitions.
18:14
Pimco is facing a loss of approximately $35 million, or 70% of its value, on a commercial mortgage-backed security (CMBS) tied to two office buildings in downtown Philadelphia.
18:14
Chainlink's (LINK) open interest has increased by approximately 25% in the past 24 hours, reaching $650.7 million (as of September 24), adding leverage to the market. LINK's price has broken above $14 and is currently trading at around $13.96, after surpassing its 200-day moving average of $9.50 in August and exceeding its September high of $13.70, indicating a strong bullish structure and potential volatility.
18:12
NVIDIA is collaborating with companies across the industry chain to advance the implementation of glass substrate technology, addressing the increasing physical limitations in AI chip packaging related to size, heat dissipation, and interconnection. German equipment manufacturer SCHMID disclosed that it is cooperating with core enterprises in the Intel, NVIDIA, and AMD supply chains to research and develop glass core substrate equipment. This technology is expected to support larger-scale HBM integration, enhancing the packaging density and data transmission capabilities of next-generation GPUs. However, technical obstacles still exist in the through-glass via (TGV) metallization process, and end-customer certification has not yet been completed.
18:08
Orders for Chinese goods from US companies saw an unexpected surge in the weeks leading up to the recent US-China summit, according to a survey by New York research firm China Beige Book. The index measuring US orders jumped to 13 in September, up from -12 in the same period last year and 3 in August. This suggests that businesses are preparing for continued stability in relations between the world's two largest economies, alongside an improvement in China's relative tariff position. This follows an agreement between the US and China to extend their trade truce by two months, until January of next year.
18:04
Citadel is expanding its quantitative investment business and broadening its talent search to include AI labs, as the hedge fund competes with Silicon Valley for researchers.
18:01
The drug-delivery group will receive an upfront payment of $700 million and potential milestone payments for its PharmaShell technology. This technology will be used in Novo Nordisk's long-acting injectable drugs for obesity, type 2 diabetes, and other cardiometabolic issues.
17:58
Nick Gerli, CEO of a real estate data company, stated that the US 10-year Treasury yield has risen to 5.18% (closing at 5.11% on Wednesday), easily surpassing the 4.8% capitalization rate for single-family homes. This "negative housing spread" phenomenon (where the yield on low-risk US Treasuries exceeds real estate rental returns) is the most significant since July 2007, primarily driven by oil price shocks, a borrowing frenzy, and recent interest rate hikes by the Federal Reserve.
17:34
Oracle launched "Project Jupiter," a large AI data center campus project in Doña Ana County, New Mexico, last year, aiming to provide hashrate for OpenAI. The project has been plagued by power supply and permitting issues, becoming a prime example of the tech giant's vast and costly investment risks in the field of artificial intelligence.
17:14
The Hong Kong Institute of Bankers (HKIB) surveyed 400 customers who invest in financial products or insurance in August and found that over half of local bank customers use AI-assisted financial planning. These customers primarily use AI as a tool for researching market trends and conducting personal financial assessments. However, for complex long-term financial decisions, customers still prefer to rely on human services. Additionally, 41% of respondents stated they accept AI for simple customer service inquiries but would still seek human assistance for complex issues.

Carrie Leung, Chief Executive Officer of HKIB, stated at the HKIB Annual Banking Conference that customer expectations are rapidly evolving with the popularization of AI, and they anticipate the optimal combination of AI and human expertise. Paul Chan, Deputy Financial Secretary of Hong Kong, emphasized Hong Kong's importance as an international financial center at the same event, noting that Hong Kong is a leading global offshore RMB business hub, with 75% of global offshore RMB payments processed through Hong Kong. He also mentioned that the government has proposed various measures aimed at providing banks with more stable and lower-cost RMB funding sources. Chan also stated that the Hong Kong SAR Government plans to build a commodity trading ecosystem starting with gold, and highlighted Hong Kong's advantages in the storage, trading, clearing, and settlement services for gold and other commodities.
17:13
The Czech opposition has called for a no-confidence vote against the government, citing the government's budget plan which is projected to result in the country's second-largest deficit next year.
17:02
UBS Chief Investment Officer Mark Haefele and his team noted in their latest report that the actual extent of Federal Reserve policy tightening is likely to be less than what current market pricing suggests. UBS's base case is for the Federal Reserve to hike rates once more in December and then maintain them, while also expecting core PCE inflation to be revised down by 0.2 percentage points this month by the Bureau of Economic Analysis's annual revision. Coupled with favorable base effects in the first half of next year, the basis for continuous substantial rate hikes is weakening. The report also pointed out that resilient U.S. economic activity provides a favorable environment for corporate revenue and profit growth, with S&P 500 earnings projected to grow by 25% this year and 14% in 2027. Furthermore, UBS maintains an "attractive" rating on fixed income assets and believes gold still holds allocation value in the medium to long term, forecasting gold prices to rise to $5,400/ounce around September 2027.
16:56
Taiwan's Ministry of Foreign Affairs on Friday accused Chinese President Xi Jinping of distorting facts during his summit with U.S. President Donald Trump, insisting that the future of the island democracy can only be decided by its people. Xi had urged the U.S. to uphold a "correct position" against "Taiwan independence" during the summit.
16:56
Vietnam is preparing to amend its food safety law to include requirements for delivery apps such as Shopee and Grab. This move comes amid public concern over frequent reports of food vendors cutting corners due to price competition.
16:51
UBS noted in a recent report that U.S. corporate investment has experienced a prolonged period of weakness, with current capital expenditure starting from a significantly lower base compared to past cycles. Therefore, even if interest rates continue to rise, the additional suppressive impact on corporate investment may be limited. The report indicates that, excluding AI factors, corporate capital expenditure sentiment rebounded from historical lows to the 36th percentile by August 2026, suggesting that signs of investment stabilization are spreading from the technology sector to a broader range of corporate sectors. Furthermore, ample operating cash flow and long-accumulated maintenance and upgrade demands among companies also provide support for a recovery in capital expenditure.
16:44
NFT marketplace Magic Eden is suspected of having a security vulnerability after a white hat moved 3,832 NFTs from hundreds of wallets. Yuga Labs CEO Michael Figge confirmed the issue was discovered hours earlier, with VP of Blockchain Quit (0xQuit) handling affected assets within the scope of the white-hat rescue. Quit stated the NFTs are currently secured at an address beginning with 0x71cF and will be returned to their original owners once the risk is resolved. Magic Eden has not yet disclosed the cause or full scope of the issue.
16:43
The Hong Kong Monetary Authority (HKMA) announced on September 25 that the second interest payment for the Silver Bond (03GB2810R) due in 2028, issued under the Infrastructure Bond Programme, will be at an annual interest rate of 3.85%. This interest payment will be made on October 12, 2026.
16:43
The HKMA, as representative of the Hong Kong SAR Government, announced that the sixth interest payment for the retail green bond due 2026 (stock code: 4273) will be at a rate of 4.75% per annum, in accordance with the Offering Circular dated September 18, 2023. This interest payment is expected to be made on October 12, 2026, with the interest rate determined by the higher of the floating rate and the fixed rate.

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