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10/8
14:38
SpaceX's plan to raise $40 billion to purchase NVIDIA chips has sparked market concerns, with its five-year credit default swap (CDS) spread rising to a record high of 194 basis points on Wednesday. The yield spread on its bonds due 2056 over U.S. Treasuries also widened to 2.36 percentage points.

The financing plan consists of $10 billion in bank loans and $30 billion in investment-grade bonds. Private equity firm Apollo is expected to lead the participation, with bond giant Pimco also in discussions. Morgan Stanley analyst Adam Jonas noted that some investors are skeptical about SpaceX's ability to become a significant provider of cutting-edge AI models.

Bloomberg columnist Shuli Ren analyzed that despite rising borrowing costs and investor caution, AI companies are aggressively pursuing financing, suggesting that the AI credit boom cycle has not yet peaked.
14:26
The head of market strategy at a London investment bank has issued a stark warning, stating that the artificial-intelligence trade may soon be over, potentially triggering the most severe market crash since the global financial crisis.
14:20
Samsung Electronics anticipates a record-breaking operating profit of 107.4 trillion Korean won (approximately $80 billion) for the third quarter, but the boom in its memory chip business is squeezing profits from its Galaxy phones. Although Samsung Electronics co-CEO Roh Tae-moon stated in July that not all cost increases would be passed on to consumers, by October, Samsung had raised the price of its Galaxy S26 phone, released seven months prior, by nearly 150,000 Korean won ($112) in South Korea and by $100 to $200 in the United States.
14:16
Deutsche Bank macro strategist Henry Allen noted in his latest report that bond markets have begun pricing in rising inflation pressures, expanding fiscal risks, and more aggressive monetary policy, with global yields climbing to multi-year highs. However, global equities remain near historical highs, with the S&P 500 less than 1% from its all-time peak, the Euro Stoxx 600 less than 4% from its high, and the VIX volatility index staying low. Deutsche Bank warned that this structural misalignment between bond and equity markets is unlikely to persist long-term, and unless recent financial market pressures quickly dissipate, risk assets will face increasing selling pressure. The report also mentioned that the spread between French and German 10-year government bond yields widened by 32 basis points last week, the largest weekly increase since German reunification in 1990, yet European equities reacted with unusual calm.
14:14
China's largest sportswear maker, Anta Sports, completed the acquisition of a 29.06% stake in international brand Puma from Artemis, the investment vehicle of France’s Pinault family. The all-cash deal was valued at €1.51 billion (US$1.7 billion) and closed on Wednesday with the transfer of over 43 million shares. Anta expects the stake to boost Puma’s performance in China.
14:08
Piero Cipollone, a member of the European Central Bank's (ECB) Executive Board, stated in an interview with Corriere della Sera that the digital euro is expected to launch in 2029, aiming to complement rather than replace cash. Initial tests will commence next year, with the first payments anticipated within the next 12 months. Cipollone emphasized that the digital euro will offer the same high level of security as cash and will be free for individuals. He noted that it will provide merchants with a public payment alternative, potentially halving digital payment costs, and can be integrated into European private payment solutions. Geopolitical factors, such as the crisis in Ukraine, have accelerated the development of the digital euro to enhance Europe's strategic autonomy in digital payments. The relevant legislative texts are expected to be ready by the end of this year.
14:02
★★★★★Previous 21.3BForecast 19BActual 19.5B Above forecast↑
13:59
According to Bloomberg, Galaxy Digital founder Mike Novogratz stated at the Greenwich Economic Forum that AI is in "the biggest bubble of our lifetime," but advised investors to enter immediately, believing the bubble has not yet fully inflated. Bridgewater Associates founder Ray Dalio, speaking in Singapore, warned that AI is a "classic bubble" and is close to bursting, driven by rising interest rates and the demand to convert paper wealth into cash. Nassim Taleb, author of *The Black Swan*, believes the real risk lies in the bond market, not AI stocks themselves. Goldman Sachs data shows that the market capitalization of AI-related stocks now accounts for 42% of the S&P 500's total market cap, surpassing the 41% peak during the dot-com bubble in 1999. Goldman Sachs strategist Bobby Molavi's historical analysis found that bubble collapses typically begin with a shift in central bank policy, rather than a "spectacular" end.
13:54
FTSE 100 futures were flat this morning, showing little sign of recovery after yesterday's losses. Gilt futures also edged lower.
13:52
Cointelegraph publicly denied CoinDesk's report that it was seeking a buyer, stating, "We are not for sale," and accused CoinDesk of publishing false information and multiple factual errors aimed at creating controversy to attract traffic.
13:48
Taiwan Semiconductor Manufacturing Co. (TSMC) reported record revenue of NT$511.86 billion ($16.03 billion) for September, marking a 54.6% increase year-over-year. This growth extends the company's streak of monthly revenue records, primarily fueled by strong demand for advanced AI chips from customers like Nvidia and Apple. The September figure was slightly down by 0.6% compared to August. TSMC has also committed to using ASML's High NA extreme ultraviolet lithography machines, a key technology for advanced chip production.
13:45
Protesters criticize Colombian President Abelardo de la Espriella's decision to open a new embassy in Jerusalem and recognize Israel's sovereignty over Syria's Golan Heights. This follows former President Gustavo Petro's move to sever diplomatic ties with Israel and halt weapons imports.
13:44
Israel's foreign minister previously ordered the closure of the British consulate in East Jerusalem, setting a 30-day deadline. That deadline expired on Thursday, and a Reuters reporter witnessed staff removing the consulate's plaque and signs. This move was in response to British sanctions against illegal Israeli settlements, further damaging relations between the two countries. The consulate was primarily responsible for Britain's relations with Palestinians in East Jerusalem, the West Bank, and the Gaza Strip, and provided consular services.
13:44
Bitcoin-backed loans are increasingly becoming a mainstream source of credit, allowing borrowers to access liquidity for practical needs such as tuition payments and working capital without selling their Bitcoin, according to two long-term lenders. This indicates a profound shift in how digital assets are used, with Bitcoin no longer viewed solely as a speculative tool but as collateral for credit. Ledn, for example, has issued over $11 billion in loans to date and expects this to grow to $1 trillion in the coming years. Coinbase also added fixed-rate Bitcoin-backed loans to its retail application on September 22 via Morpho's Midnight protocol.
13:34
Kyrgyzstan has decided to terminate its $50 million state-backed gold stablecoin project, USDKG, and has ordered the liquidation of its issuer, EVA, and the country's first state-owned cryptocurrency exchange, Coin Nomad Exchange. Launched in November 2025, USDKG was pegged 1:1 to the US dollar and backed by physical gold, primarily used for cross-border payments. The UK had imposed sanctions on the stablecoin's issuer in May 2026 for allegedly supporting Russia.
13:34
The U.K. is facing a difficult choice on whether to impose tariffs on Chinese electric vehicles (EVs) to align with the EU, with Business Minister Jonathan Reynolds reportedly considering matching the bloc's levies. This comes as Chinese EVs currently face only a 10% import duty in Britain, significantly lower than the U.S.'s 100% and the EU's up to 35.3%.

An EU official previously stated that the U.K. would need to raise tariffs to avoid "Made in Europe" barriers, which could harm domestic companies selling into the EU. The Chinese Embassy in London has expressed "serious concern" over potential tariffs, warning of retaliatory measures.

Chinese car brands have rapidly gained market share in the U.K., reaching 28.1% by the end of August, up from 12.9% in the same period last year. Analysis suggests that tariffs solely targeting battery EVs may not address the growth of hybrid vehicles or underlying cost advantages.
13:26
Manus's parent company, Butterfly Effect, has completed a new funding round exceeding $500 million, raising its valuation to approximately $4 billion. This marks the highest single-round financing for a domestic Agent-native startup. This round was led by Boyu Capital and IDG Capital, with existing shareholders Tencent, Sequoia China, and ZhenFund continuing to participate. The funds will support the company's expansion of its general Agent products and its re-entry into the domestic market. On the same day the funding was announced, the company publicly advertised 17 job openings for both domestic and international candidates, all based in Beijing.
13:10
NVIDIA CEO Jensen Huang thanked Microsoft CEO Satya Nadella in a tweet, reflecting on the two companies' four-year collaboration across Windows, DirectX, CUDA, Azure GPU supercomputing, and OpenAI GPT training. Huang stated that this partnership involved thousands of engineering years and inspired NVIDIA to reimagine Windows for the "era of personal AI agents."
12:45
Germany blocked China's COSCO Shipping from acquiring a local company, citing security concerns. This move comes as the EU tightens scrutiny on Chinese investments in strategic sectors, and Chinese logistics startup Speedaf's expansion plans in Ireland may also face review.
12:42
South Korea's foreign ministry stated that the government would take legal action if Ukraine's allegations regarding illegal fuel exports from South Korea to Russia are confirmed. Previously, Vladyslav Vlasiuk, an advisor to the Ukrainian president, claimed that 176,000 tons of fuel were shipped from South Korea to Russia in July and August via sanctioned tankers. South Korea's foreign ministry said on Thursday that it had not yet confirmed these allegations, and the presidential office on Wednesday also refuted Ukraine's claims, emphasizing that South Korea has been closely cooperating with the international community to impose sanctions and export controls on Russia.
12:41
Musk reposted a tweet, reiterating that Starlink's global internet service can help millions by providing education and market access. The tweet emphasized that reliable connectivity can make a huge difference in underserved communities worldwide.
12:26
China's brokerage wealth management sector is undergoing active transformation, broadly emulating China Merchants Bank's shift from a traditional "product selling" model to a "customer-centric" buyer-side logic. Facing challenges such as declining trading commission rates and concentrated trading volumes, brokerages are driving this transformation by adjusting performance metrics (reducing "flow indicators" like product sales and trading volume, and increasing "stock indicators" like client returns and net new AUM), strengthening investment advisor training, innovating product and service systems, and restructuring their organizations. Several brokerages, including Southwest Securities, Huafu Securities, and Shenwan Hongyuan, have already taken concrete actions and are actively applying AI to client services and investment research empowerment. China Merchants Bank's successful experience, which includes launching "Sunflower Wealth Management" in 2002, its retail AUM management philosophy, and its "AI First" strategy, is seen as a benchmark for brokerage transformation.

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