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9/30
04:14
Musk: Most likely outcome of AI is incredibly beneficial
04:12
Prediction market Kalshi seeks $1 billion in funding at a $40 billion valuation, with Sequoia and Tiger Global reportedly in talks.
Prediction market platform Kalshi is in advanced talks with existing and new investors, including Tiger Global and Dragoneer, to raise approximately $1 billion. This funding round is expected to close in the coming weeks, valuing the company at around $40 billion, an increase of about 82% from its $22 billion valuation in a $1 billion funding round in May. Existing investors Sequoia Capital and Wellington Management are reportedly in discussions to lead this round. Kalshi has also held preliminary discussions regarding a potential initial public offering (IPO) in the coming years. Separately, Reuters reported that Polymarket is also seeking new funding of approximately $1 billion.
04:12
Tech supply chain shrugs off AI slowdown calls as demand booms, with orders bursting and production maxed out
The AI infrastructure industry is bullish on its prospects, with unprecedented levels of investment leading to bursting order books and pushing production to the max. This comes despite recent debates on slowing AI development, which had caused AI-related stocks to tumble.
04:08
Trump reiterated that data centers can make local communities "very wealthy," and AI enterprise leaders will collaborate with local communities to advance their implementation.
Regarding the data center controversy, Donald Trump reiterated that such facilities can make local communities "very wealthy" and stated that AI enterprise leaders will collaborate with local communities to advance their implementation. He once again characterized opponents as choosing "backwardness and poverty."
04:07
Altman: OpenAI currently has no IPO timeline, safety is the top priority; media reports say the company is seeking $1.4 trillion valuation funding to replace an IPO
OpenAI CEO Sam Altman said on Tuesday that the company currently has no specific IPO plans, and going public is not a priority. It will only be considered after "several safety case validations" are completed and there is a clear understanding of "the next level of AI." Media reported on the same day that OpenAI is seeking to raise over $30 billion at a valuation of $1.4 trillion, using a bridge round to supplement funding instead of an IPO.
04:07
Nikkei Asia: Japan's China derisking offers lessons for Southeast Asia, as Tokyo's import dependence on Beijing has grown in some sectors
Nikkei Asia's opinion piece highlights that despite Japan's efforts to de-risk from China, its import dependence on Beijing has actually increased in certain sectors. For instance, over half of Japan's rare earth imports originate from China. This trend offers valuable lessons for Southeast Asian nations considering similar strategies.
04:05
Anthropic's Amodei stated that technological advancements come with very real risks, and discussions are ongoing on how to effectively address them.
04:05
Crypto regulation at SEC, CFTC to come down to 3 commissioners following key resignation
Seven commissioner seats at the SEC and CFTC will be empty after Friday, leaving only a few leaders at financial regulators to oversee aspects of the $3 trillion crypto industry.
04:04
Workday to lay off 2.5% of its workforce, primarily impacting product and technology teams.
Workday will reduce its workforce by approximately 2.5%, primarily within its product and technology teams, and will also downsize some office space. This restructuring is expected to incur charges of $65 million to $80 million, but Workday reiterated its financial guidance for the third quarter and full fiscal year 2027 and will continue to hire in key strategic areas.
04:01
The Federal Reserve and the FDIC issued feedback letters on resolution plans for 15 banking organizations, finding no deficiencies.
The Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) on September 29, ET, released feedback letters for the resolution plans (also known as "living wills") submitted in October 2025 by 15 banking organizations with assets exceeding $250 billion. The two agencies stated that they found no deficiencies or shortcomings in these resolution plans. Additionally, the deficiencies previously identified in BNP Paribas' 2021 resolution plan have been satisfactorily addressed.
04:01
Chile's largest oil refinery will partially halt operations for maintenance, potentially exacerbating the global diesel supply crunch.
Chile's National Oil Company (ENAP) will shut down part of the country's largest refinery for maintenance, a move that could further exacerbate diesel shortages amid persistent tightness in global fuel markets.
04:00
Donald Trump stated that he will appoint an AI czar within the next three to four days.
03:59
CZ retweeted a post listing seven reasons to be bullish on BNB Chain, predicting it will become a global focus by 2026.
Binance founder CZ retweeted a post from user @four_xyg, which listed seven reasons to be optimistic about BNB Chain and predicted it would become a global focus by 2026. The reasons include: U.S. stock tokenization is already happening on-chain, with BNB Chain being a major player; gas fees are near zero, making it affordable for retail investors; a block time of 0.45 seconds allows it to function as a settlement layer; daily active users exceed 2 million, with daily transaction volume reaching 17 million; daily DEX trading volume is nearly $1 billion; Binance has a large and solid user base; BNB continues to be burned, with supply shrinking to 100 million. The post concluded that the combination of entry, cost, speed, and on-chain assets represents BNB Chain's configured advantages, not just potential.
03:58
Trump: As long as I am here, North Korean leader Kim Jong Un will be fine.
03:57
PGIM pushes for AI limits in CLOs, capping AI-related debt at 15% to avoid too much exposure
03:57
Musk reposted a tweet: Donald Trump stated at a White House superintelligence luncheon that the US leads in AI, and announced the official renaming of "Artificial Intelligence" to "Superintelligence."
Elon Musk reposted a tweet stating that Donald Trump, at a White House superintelligence luncheon, declared the U.S. to be a leader in artificial intelligence (AI) and announced a document to officially rename "AI" to "superintelligence." Trump praised tech leaders in his speech and emphasized industry self-regulation under government oversight.
03:56
Dalian scraps annual Japan goods expo this year amid chilled Beijing-Tokyo ties
03:53
The Federal Reserve proposed that stablecoin issuers must complete redemptions within 2 business days, yet on-chain data shows $76 billion in stablecoins remain on centralized exchanges.
The Federal Reserve's stablecoin proposal, released on September 29, requires payment stablecoin issuers under its regulation to process redemption requests within a normal period not exceeding two business days. However, a July 28 snapshot from the Anderson Financial Economics Institute showed $76 billion in reserve-backed stablecoins stuck on centralized exchanges, where customers may need to process transactions with the exchange before contacting the issuer.
03:52
NVIDIA's Huang: There is no conflict between innovation, technology and safety
03:47
Trump reiterated that the United States has the FBI, CIA, and Department of Justice to address AI regulation.
03:46
Trump believes AI leaders are self-policing and understand the need for oversight, considering forming a committee to watch over AI
03:42
Donald Trump stated that after meeting with AI leaders, he signed an AI document aimed at providing some form of protection.
03:42
Linear Fox founder Nathan Fargo releases PS5 jailbreak "Relapse" as Sony argues players don't own digital games
Linear Fox founder Nathan Fargo has released a public jailbreak for the PS5, dubbed Relapse, which works on firmware 7.00 through 13.60 and requires only a DNS change. This comes weeks after Sony admitted in court that players do not own the digital games they purchase. The jailbreak, posted on X, allows users to run homebrew apps and game backups, but it is a tethered exploit with risks of system failures, data loss, or account bans. Consoles updated to Sony's 14.00 firmware, released September 16, are not compatible. Sony's court admission stems from a June class action alleging the "Buy Now" button misleads consumers, with Sony arguing it's "not plausible to allege that reasonable consumers believed they were obtaining 'ownership,'" citing license terms that state software is "licensed to you, not sold."
03:26
OPEC+ is likely to maintain its crude oil production quotas at the weekend meeting, sources said.
03:26
Gold Fields, a South African miner, is reportedly considering increasing its cash offer to acquire Northern Star Resources, aiming to create the world's second-largest gold producer.
03:26
The U.S. Department of Justice has charged two Indian nationals with smuggling counterfeit Ozempic from China.
Two Indian nationals were charged in Florida federal court on Tuesday by the U.S. Department of Justice for allegedly smuggling counterfeit Ozempic from China, a scheme that reportedly continued even after the Food and Drug Administration seized some of the fake drugs and issued a public warning in 2023. One of the men, Swapnadip Roy, has been extradited from Italy and appeared in Tampa. Roy and his accomplice, Vicky Ramancha, are charged with conspiracy to smuggle and defraud the United States, three counts of smuggling, and two counts of selling and possessing counterfeit drugs. If convicted, the two men face a maximum of 71 years in prison.
03:24
HANetf Launches World's First Euro Hedged Bitcoin ETF to Mitigate FX Risk for Eurozone Investors
HANetf, an ETF provider with $9.2 billion in assets under management, has launched the Arrow Bitcoin EUR Hedged ETF. The fund aims to help European investors gain exposure to Bitcoin while mitigating the impact of EUR/USD exchange rate fluctuations. HSBC will provide currency hedging services for the fund.
03:22
Ford CEO Jim Farley warns it's too late for Europe to block Chinese automakers, but the US still has a chance.
Ford CEO Jim Farley stated on Tuesday that politicians should learn from Europe when deciding whether to allow Chinese automakers into the U.S. market. He noted that Chinese brands' market share in Europe has increased from almost zero in 2020 to 12% in August this year. Farley said Ford plans to collaborate with Chinese companies in regions such as Europe or Southeast Asia, while also launching products like the "general electric vehicle" pickup truck to compete. These remarks come after Chinese President Xi Jinping's visit to the U.S. last week and his meeting with Donald Trump, who had previously indicated he might "accept" Chinese automakers producing vehicles domestically in the U.S.
03:18
Balancer Token Holders Approve Protocol Liquidation, Reject Official Fork; Withdrawals-Only for Paused Pools Starting Oct 30; BAL Redemption Begins Late May 2027
03:17
CD&R-Backed Building Products Distributor White Cap Postpones $4.13 Billion Loan Deal
Banks have postponed amending and extending a $4.13 billion loan facility for CD&R-backed construction supplies distributor White Cap Supply Holdings LLC, dealing a blow to its efforts to push out debt maturities.

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