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10/6
21:33
Jean-Luc Mélenchon, a far-left presidential candidate in France, has accused Emmanuel Moulin, the head of France's central bank, of an “act of treason.” This accusation comes a day after Moulin warned that France risked being "strangled by interest rates" if it failed to address its public finances. Mélenchon stated, “The statute of limitations will not have expired by 2027; he will be prosecuted for this. I am fed up with these so-called elites who raise the alarm about a disaster they themselves want to create in order to sway the people.”
21:29
Binance has released its latest Proof of Reserves data based on a snapshot taken on October 1. The data shows that user Bitcoin (BTC) holdings were approximately 688,600 BTC, an increase of 0.91% from September 1, adding 6,217 BTC. During the same period, user Ethereum (ETH) holdings decreased by 4.61% to approximately 3.799 million ETH, a reduction of about 183,600 ETH; user USDT holdings decreased by 0.87% to approximately 32.03 billion USDT, a reduction of about 280 million USDT; and user BNB holdings decreased by 0.77% to approximately 43.04 million BNB, a reduction of about 334,200 BNB.
21:25
According to Nick Timiraos, Federal Reserve Chairman Kevin Warsh wants investors to focus on the economy rather than the Fed's signals. However, two of his deputies intervened last week, causing the probability of an October rate hike to fall from approximately 70% to 25%, despite no major new data being released. This highlights the difficulty in weaning markets off Fed signals.
21:23
WRIGHT stated that crude oil prices are falling, but the Strait of Hormuz remains a conflict zone, keeping crude oil prices near $100. He believes that diesel prices peaked several weeks ago.
21:21
Bloomberg Markets reports that after decades of budget deficits and continuously rising debt, markets are re-evaluating France's risk and setting new risk premiums for its government bonds and other assets.
21:18
Paramount has completed its $111 billion acquisition of Warner Bros., with the new group to be named Skydance. Large-scale layoffs are expected to achieve the merged group's $6 billion cost-saving target.
21:17
Kerry Properties has secured a residential land plot in Ho Man Tin for HK$4.31 billion (US$549 million). This marks the highest price paid for a residential site in Kowloon in nearly five years, with the bid coming in 38% above the top market estimate. The site on Fat Kwong Street sold at HK$20,738 per square foot of gross floor area, signalling developers' confidence in demand for luxury homes.
21:16
Grayscale Investments is restructuring its Grayscale XRP Trust (GXRP), adding Anchorage Digital Bank as an additional custodian to diversify risk, with Coinbase remaining its primary custodian. The main new feature of this restructuring is the introduction of an in-kind share creation and redemption mechanism, allowing authorized participants to now transfer actual XRP rather than cash into the fund. This will help align the fund's share price with its net asset value (NAV) and increase institutional liquidity.
21:16
U.S. Commodity Futures Trading Commission (CFTC) officials have now officially classified XRP as a digital commodity, alongside Bitcoin and Ethereum.
21:16
Armada Acquisition Corp. II shareholders have approved the merger with Evernorth Holdings, paving the way for Evernorth shares to be listed on Nasdaq under the ticker symbol XRPN on October 8. The company will become the first publicly traded company to directly hold hundreds of millions of XRP, with 473 million XRP and $300 million in cash on its balance sheet. Institutions such as Ripple, Pantera Capital, Kraken, SBI Group, and GSR are investors in Evernorth. According to Armada's Form 8-K filing with the SEC, the warrant exercise price is set at $11.50 per share.
21:12
Arbitrum has adopted Paxos' USDG as its ecosystem dollar, which is now live on Arbitrum One with support from Fluid, Morpho, GMX, Maple, and Kraken. Concurrently, a proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that currently has approximately 63.7 million ARB unspent.
21:11
Ford Motor Co. shares have fallen sharply as enthusiasm around its earlier rally fades and a tougher economic backdrop weighs on the auto industry. Analyst price targets, however, remain elevated on hopes that earnings will continue to improve.
21:11
Fortitude has secured priority access to BITMAIN’s next-generation Zcash miners as it expands its Zcash mining capacity and increases financing from DCG.
21:09
Former New York Gov. Andrew Cuomo argues that US crypto rules could be vulnerable to political change after the midterms, emphasizing the need for Congress to pass lasting, bipartisan legislation.
21:08
French AI company Mistral on Tuesday released its trillion-parameter AI model called Mistral Large 4 (ML4), also known as "le Chonk." The company stated that ML4 is a top performer among global open-source models, particularly excelling in cybersecurity, coding, manufacturing, finance, and multimodal tasks, with its performance "significantly surpassing" all open-source models outside of China. Mistral completed a €3 billion (approximately $3.4 billion) Series D funding round in September, reaching a valuation of €21 billion, making it one of Europe's highest-valued AI startups. The ML4 model was trained for two months on 4,000 NVIDIA Grace Blackwell GPUs, and a preview version has been launched for developers, cybersecurity leaders, and government agencies, with a broader release planned for later this month.
21:08
Edge Markets has launched new infrastructure aimed at reducing liquidation risk from margin calls in prediction markets. Seni Thomas, founder and CEO of the company, stated that the system will support institutions trading in 24/7 prediction markets, allowing them to pre-authorize fund deployment and automatically cover margin calls during traditional banking system closures. This is intended to reduce avoidable liquidations and improve capital efficiency. The tool is expected to launch later this year and has partnered with companies such as River Markets, ParlayX, OpenMarkets, and Pikkit.
21:08
Sources indicate that Chinese AI startup DeepSeek is considering doubling its latest funding round to as much as 100 billion yuan (approximately $14.9 billion), up from its previous target of 50 billion yuan. The company is currently seeking a valuation of around $75 billion and has attracted significant interest from state-backed funds and corporate investors, including Tencent and CATL, which have already committed capital. DeepSeek plans to list on Shanghai's STAR Market in early 2027.
21:06
A recent NVIDIA report, "State of AI in Telecommunications," indicates that 89% of telecom operators consider open-source AI models and software important to their AI strategies. Operators are increasingly adopting open models for their AI initiatives, citing reasons beyond cost, including the ability to trust, control, and customize AI across critical workloads like autonomous networks and customer care. NVIDIA highlights its Nemotron family of open models and the 30-billion-parameter Nemotron 3 Large Telco Model (LTM), fine-tuned for telecom-specific tasks, as key offerings. Companies like SoftBank Corp., AT&T, and Indosat Ooredoo Hutchison are leveraging open models to develop tailored AI capabilities and services.
21:04
Ethereum Layer 2 network Arbitrum has joined the Global Dollar Network stablecoin consortium led by Paxos, aiming to capture an economic share from stablecoins circulating on its network. The USDG stablecoin launched on Arbitrum on Tuesday and has been integrated into various trading, lending, and payment platforms such as Fluid, Morpho, and GMX. This consortium model distributes revenue generated from USDG reserves to partners who help drive adoption. Brendan Ma, Head of Investment Strategy at the Arbitrum Foundation, stated that this move provides new growth opportunities for Arbitrum and developers on its platform. A governance proposal has been submitted to ArbitrumDAO, recommending that USDG growth be made a strategic priority and that 100 million ARB be added to its DRIP incentive program.
21:03
Anduril and the U.S. Navy will invest $6.6 billion to expand America’s submarine industrial base and increase production capacity for the Virginia-class submarine program. The Arsenal-2 facility, to be built at Tradepoint Atlantic in Baltimore County, is expected to create 3,100 direct jobs and more than 11,000 indirect jobs, with initial operations anticipated in 2030.
21:02
Ukraine launched a major overnight drone attack on Russia's Moscow region, killing two people and setting fire to a warehouse. Moscow Mayor Sergei Sobyanin stated that 650 drones were involved, most of which were shot down. Regional Governor Andrei Vorobyov reported seven injuries and damage to 47 houses, four apartments, and three cars. War blogger Yuri Podolyaka claimed an oil storage tank at the Volodarskaya facility, the region's largest, was hit, though this was not officially confirmed. Ukraine has increasingly targeted Russian oil infrastructure to cut off war funding. Separately, a Ukrainian drone attack on a minibus in Russian-occupied Zaporizhia killed three people.
21:01
Frank Elderson, Member of the Executive Board of the European Central Bank (ECB) and Vice-Chair of the Supervisory Board, stated that the ECB's banking supervision is increasingly centering its dialogue with banks on the effectiveness and timely remediation of supervisory findings. He noted that simplified and effective supervision are not competing but complementary. For significant deficiencies not addressed in a timely manner, supervisors will escalate by using more intrusive tools, including capital requirements, business restrictions, or periodic penalties. As of the end of 2025, unresolved supervisory measures had increased to approximately 12,000, averaging about 100 per bank. The ECB began implementing a tiered approach in 2025, adjusting supervisory follow-up based on the severity of the risk.
21:01
Piero Cipollone, a member of the European Central Bank's (ECB) Executive Board, stated that the digital euro and tokenization are part of the ECB's comprehensive strategy to maintain the central bank's currency at the core of the digital age. He noted that in retail payments, this means preparing for the digital euro; in wholesale markets, it means ensuring central bank money is available for settling tokenized transactions through Project Pontes, and collaborating with the market to shape a broader digital financial ecosystem through Project Appia. Cipollone emphasized that these initiatives aim to provide European market participants with the infrastructure needed for innovation, growth, and maintaining international competitiveness in response to the increasing digitalization of payments and finance, while ensuring the unity, trust, and stability of the monetary system.

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