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9/29
21:43
War Secretary Pete Hegseth Plans 20% Cut to General, Admiral Positions by Jan. 1, 2027
War Secretary Pete Hegseth plans to reduce by 20% the number of military positions reserved for generals and admirals, Fox News reports. This target doubles the 10% reduction ordered last year, with the changes expected to be completed by Jan. 1, 2027. The cuts apply to senior officer positions rather than directly removing 20% of serving generals and admirals, with some positions to be downgraded to colonel or Navy captain level.
21:42
Oman's Duqm port plans to double its onshore crude oil storage capacity to 10 million barrels within three years and is evaluating the acquisition of very large crude carriers (VLCCs) to create an alternative hub to the Strait of Hormuz.
Oman's state energy company, OQ SAOC, is evaluating the acquisition of two supertankers for floating storage at Duqm Port, which would add a combined 4 million barrels of storage capacity, CEO Ashraf Al Mamari told Bloomberg. A decision on this matter is expected later this year. Concurrently, OQ plans to expand Duqm Port's onshore crude oil storage tank capacity from the current approximately 5 million barrels to 10 million barrels within three years, with a long-term goal of eventually reaching about 40 million barrels. This move aims to establish Duqm Port as a critical energy hub amid potential disruptions in the Strait of Hormuz, addressing heightened shipping risks and soaring tanker freight rates driven by Middle East conflicts.
21:41
Yemeni government accuses Houthis of using Iranian-modified cruise missiles, experts say it could change the Red Sea conflict.
Yemen's internationally recognized, Saudi-backed government accuses the Tehran-backed Houthi rebels of converting Iranian air defense weapons into cruise missiles with the assistance of Iran's Islamic Revolutionary Guard Corps (IRGC). Experts state that if true, this move could alter the military balance in the Red Sea region. The Yemeni government warns that these missiles' infrared tracking capabilities pose a direct threat to civilian aviation in Yemen and critical Red Sea shipping lanes. The Houthis have recently escalated attacks on Saudi Arabia, with Saudi Arabia claiming last Thursday to have intercepted six ballistic missiles aimed at Taif and the port of Yanbu. The Houthis also claimed attacks on "sensitive targets" in the Saudi capital, Riyadh, and Saudi Aramco facilities in Yanbu. As the Red Sea has become a vital alternative oil export route for Saudi Arabia, this escalation could impact energy markets.
21:40
Iran downplays alleged role in Houthis' recent Yemen victories, denies directing group
Iranian authorities have broadly denied directing the Houthis, despite US media reports alleging the Islamic Revolutionary Guard Corps (IRGC) helped direct recent offensives that solidified Houthi control over the Bab al-Mandeb strait and the port city of Mocha. Earlier this week, Iranian President Masoud Pezeshkian rejected a connection between Iran and Houthi actions during an interview with Al Jazeera, urging Saudi Arabia and the Houthis to negotiate an end to the war. Iran's Ministry of Foreign Affairs earlier this month also rejected a charge by US Secretary of State Marco Rubio that the Houthis are a proxy of Iran.
21:38
Zano rolls back a month of transactions, plans to use personal funds for recovery
The Zano team announced it will draw on the blockchain network’s developer fund, team members’ personal funds, and committed contributors to finance recovery from an emergency rollback. The rollback, published Sept. 27, removed approximately a month of previously confirmed transactions from the recovered Zano chain, restarting from block 3,833,000 (Aug. 26, 15:50 UTC). This action was taken after a Gateway Address vulnerability allowed unauthorized ZANO and Freedom Dollar (fUSD) to enter circulation. The team update did not disclose funding amounts or payment timetables, and eligibility rules and a claims process have yet to be released.
21:37
U.S. journalist Evan Gershkovich, in his first interview since his release after 16 months in prison, stated he was lured into Russia and realized he was a "pawn in a bigger game."
21:36
Estonia accuses Russian special services of orchestrating August arson attacks against Ukrainian military suppliers.
Estonian Prime Minister Kristen Michal stated that the arson attack on the country's defense company Milrem Robotics on August 14-15 was ordered by Russian special forces. Milrem Robotics supplies unmanned military vehicles to Ukraine. Estonian Foreign Minister Margus Tsahkna said that based on information gathered by the country's Internal Security Service, it can be "conclusively determined" that the attack was an act of sabotage ordered by the special forces of the Russian Federation. Russia denied the accusations, calling them "groundless." French President Emmanuel Macron and NATO Secretary General Mark Rutte both condemned Russia's actions and reiterated their continued support for Ukraine.
21:36
Peter Brandt predicts Bitcoin could hit $300K-$600K by 2029, calls XRP a ‘fool coin’
Veteran trader Peter Brandt expects Bitcoin to reach between $300,000 and $600,000 by 2029, suggesting an October pullback could present a buying opportunity. He also referred to XRP as a “fool coin.”
21:34
Goldman Sachs: Stocks need Treasury yields to fall for further gains, with U.S. 10-year yield reaching 5.25%, its highest since 2007
Goldman Sachs states that the clearest path to further equity gains is relief in Treasury yields, with the U.S. 10-year yield reaching 5.25%, its highest since 2007. Stocks have remained resilient, led by large-cap and AI-related names, but market breadth is weak. Rate-sensitive sectors—including homebuilders, real estate, utilities, and small caps—have suffered most. Goldman remains overweight equities over a 12-month horizon.
21:33
National Economic Council Director Hassett: U.S. still grappling with impact of Biden's Covid spending, which was a "big mistake"
National Economic Council Director Kevin Hassett stated on Tuesday that the U.S. is still dealing with the impact of Covid-19 related stimulus spending from former President Joe Biden's first year in office, calling it a "big mistake." Hassett argued that while Trump's first administration approved the right amount of pandemic stimulus, heavy spending continued under Biden, including the $1.9 trillion American Rescue Plan signed in March 2021. He noted that inflation was 1.5% when President Trump left office, but then "took off" under Biden, peaking around 9% in mid-2022. Inflation had declined to 3% by the time Trump returned to the White House in January 2025, but has since crept higher due to the U.S. war against Iran and Russia's continuing war in Ukraine.
21:32
Former SEC Chair Gensler Warns Chinese AI Models Pose Challenge to U.S. Firms, Questions Investment Returns
Former SEC Chair Gary Gensler stated that competition from Chinese AI models complicates efforts to impose stronger safeguards on advanced AI. He also questioned whether the enormous spending by U.S. AI companies will generate enough revenue to justify the investment. While acknowledging the U.S. currently leads in AI, Gensler warned that safety risks, heavy spending, and Chinese competition remain major challenges for the industry.
21:31
BlockTower Capital founder Ari Paul alleges Coinbase lost his $25M and covered up $1B in hacks
Ari Paul, founder of crypto investment firm BlockTower Capital, accused Coinbase of losing $25 million of his company's funds and covering up over $1 billion worth of "massive and repeated hacks." Paul claims that at least a dozen firms are affected by the alleged cover-up and that Coinbase "still wouldn’t return our money." He stated these allegations are all he can say for now due to "multiple legal processes still ongoing." This comes as Coinbase was previously sued in May over a separate $55 million draining hack in August 2024.
21:19
Lookonchain monitoring: A whale address withdrew 7,500 ETH (approximately $20.5 million) from Binance in the past 30 minutes.
Lookonchain monitoring shows that whale address 0x96de withdrew 7,500 ETH, worth approximately $20.5 million, from Binance in the past 30 minutes.
21:19
Deutsche Bank Upgrades Netflix to Buy from Hold, Lowers Price Target to $95
Deutsche Bank upgraded Netflix to Buy from Hold, citing its global scale, international production advantage, and attractive valuation. The bank lowered its price target to $95 from $100. Netflix now trades at roughly 18x estimated 2027 earnings, compared to about 40x at its 2025 peak. Deutsche also views AI as more friend than foe, with opportunities across content production, personalization, and advertising.
21:16
Citadel's Rubner expects improved stock market conditions in October
Citadel Securities' Scott Rubner expects equity market conditions to improve in October, citing the end of quarter-end selling and the start of historically favorable midterm-election seasonality. He notes that investor positioning remains low and sentiment negative. Additional support is anticipated from corporate buybacks returning around October 13, easing tax-loss selling, and renewed retail inflows. Rubner adds that October and November typically see some of the strongest corporate demand for stocks.
21:14
Hungary's Kurali Urges Government to Stick to Euro Adoption Path to Elevate Financial Market Status
21:10
Goldman Sachs: Foreign investors' holdings in South Korea's KOSPI semiconductor sector have fallen to a historical low, 2.1 standard deviations below the historical average.
According to Goldman Sachs data, foreign ownership in the South Korean KOSPI semiconductor sector has fallen to 49.1%, 2.1 standard deviations below its historical average, with almost all of the position reduction concentrated in memory chips. Meanwhile, TrendForce projects HBM will account for 30% of total DRAM wafer input by 2027, up from 22% in 2026. Analyst consensus EPS estimates for the South Korean tech sector in 2027 have been revised up by a staggering 122% over the past six months. The market's concern about the memory cycle peaking and continuously upward-revised earnings forecasts present a rare divergence. Currently, the South Korean semiconductor sector is trading at 4.7x forward P/E, significantly below its historical average of 10.6x.
21:07
Iranians stock up on food and medicine amid fears of new US fighting and tightening embargo
Iranians are stocking up on food and medicines as fears grow that the country will face dire shortages due to tightening US sanctions and a naval blockade. The Iranian government had managed to keep household staples flowing during the early months of the war, but the US actions have led to concerns about import limitations. Last week, Iranian President Masoud Pezeshkian condemned Washington for its blockade, stating it would prevent essential supplies from reaching the Iranian people. On Saturday, US President Donald Trump rejected Iran’s offer for a seven-day truce that included reopening the Strait of Hormuz in exchange for economic relief. The war is now in its eighth month, with hopes for a diplomatic solution dimming. The weakening Iranian rial has also contributed to daily price increases, prompting some grocers to bulk-buy goods and ration sales. The blockade has also worsened medicine shortages, with some pharmacies running out of infant formula and other medications.
21:06
Coinbase Ventures and CMCC Global Close Strategic Funding Round with Trading Firm Raven at $90M Pre-Money Valuation
21:01
Binance launches "Convert and Pay to Share 1,000 USDC" exclusive campaign for LATAM users
20:59
U.S. House Speaker Johnson says he hopes AI guardrails are "voluntary."
U.S. House Speaker Mike Johnson said on Tuesday that he wants artificial intelligence (AI) guardrails to be "voluntary," rather than mandatory legislation. Johnson made the remarks before meeting with President Trump and AI industry executives later that day. Currently, the U.S. Congress is still in the early stages of AI regulation and will recess later this week until after the November election.
20:56
WuBlockchain forwards a post stating Spacecoin's parent company, Space Network, signed a $50M binding pre-order deal with HQ Company to bring satellite connectivity to the Philippines
Space Network, the space infrastructure company behind Spacecoin, will provide Freeport network access, hardware, software, and engineering support. HQ Company will handle local sales, customer acquisition, spectrum authorizations, and operations. Space Network plans to expand its constellation from four LEO satellites to approximately 230 satellites by 2029 and commence commercial services. This agreement follows Space Network's $100 million deal with Vietnam's DETI Technology in June 2026, bringing its total commercial pre-orders to $150 million within four months.
20:54
CoinShares: Bitcoin ETF inflows do not clearly indicate institutional demand
CoinShares states that while IBIT offers clues to institutional buying, basis trades imply that these inflows are not necessarily direct bets on rising Bitcoin prices.
20:52
Russia’s Oil Export Windfall Eroded by Ban on Diesel Shipments
Russia's oil export windfall has been undermined by diesel export curbs, which offset the impact of rising crude shipments and soaring prices.
20:51
Bitwise Extends Solana ETF Buying Streak to Seven Days, Net Inflows Reach $1.23 Billion
Bitwise has extended its Solana ETF buying streak to seven consecutive trading days, attracting over $9.65 million in fresh capital as of September 28, despite a brief price decline in Solana. The cumulative net inflows for its Solana ETF product have now reached approximately $1.23 billion, moving closer to a key milestone of $1.5 billion, signaling growing institutional demand for the asset.
20:48
Samsung Executive: HBM Expected to Account for Nearly 30% of DRAM Production Capacity by 2027, Traditional Memory Supply May Further Tighten and Drive Up Prices
According to Reuters, Kim Taewoo, Executive Vice President at Samsung Electronics, stated that High Bandwidth Memory (HBM) is expected to account for nearly 30% of the global DRAM industry's total wafer capacity by 2027, up from approximately 20% currently. He noted that HBM shares the same wafer capacity as traditional DRAM, and the continuous expansion of HBM will further squeeze the supply of traditional DRAM. Market research firm TrendForce anticipates that the competition for advanced processes and wafer capacity between HBM and traditional DRAM will continue, driven by the growth in AI server demand. Coupled with the time required for next-generation products to achieve yield and production ramp-up, the memory market supply is expected to remain tight in 2027. TrendForce has already revised up its forecast for the HBM blended average selling price in 2027, projecting a significant year-on-year jump of 121%.
20:47
Reco raises $55M as AI agent security startups crowd the market
The funding round builds on a $30 million fundraise in February, bringing the company's total funding to $140 million.
20:42
JPMorgan Chase CEO Jamie Dimon proposed a "major and wonderful" trade agreement between the United States and Europe to revitalize Western economies and counter autocratic pressure.
JPMorgan Chase CEO Jamie Dimon, in an op-ed, proposed that the United States should offer significant incentives to Europe. If Europe undertakes meaningful economic and military reforms, including strengthening security and resilience, the U.S. would negotiate a "big and beautiful" economic and free trade agreement with Europe. He believes that many current disputes between the U.S. and Europe are trivial compared to the scale and benefits of such an agreement. Dimon stated that seamless trade relations would be a "game-changer" for the U.S. and its allies, enabling them to "set the rules of global trade" and bind them together "in the face of autocratic pressure." He also suggested that the agreement could be extended to friendly democracies such as Canada, Mexico, Japan, South Korea, Australia, and the Philippines. Dimon's advocacy for free trade contrasts with the protectionist policies currently pursued by the Donald Trump administration.
20:41
Wells Fargo Investment Institute Cuts Gold's 2027 Year-End Target Range to $5,200-$5,400 Per Ounce From Prior Forecast of $5,400-$5,600 Per Ounce
20:36
The average price of diesel in the UK is expected to reach £2 per liter within days.

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