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10/9
04:55
Elon Musk retweeted a post in which SpaceX announced the latest progress in its "plan to build the world's most advanced mobile network."
04:43
Musk retweeted a SpaceX post, calling it "very important," as SpaceX announced the acquisition of a nationwide low-frequency spectrum license portfolio in the U.S., paving the way for Starlink to become a major mobile operator. SpaceX stated that with the new spectrum and the second-generation Starlink constellation, Starlink Mobile will ensure high-speed mobile broadband service for Americans wherever they are.
04:43
The first hurricane of the season in the Atlantic, "Isaias," is approaching the U.S. Gulf Coast, forcing the shutdown of over a quarter of the region's offshore oil production. As of Wednesday noon, approximately 512,000 barrels per day of oil production, or 25% of the region's total output, had been shut down. Meanwhile, continued instability in the Middle East collectively pushed international oil prices up by over 5% at one point on Thursday. Robert Yawger, Director of Energy Futures at Mizuho Securities, warned that if U.S. refining capacity is forced out of the market, the consequences "would be catastrophic." WTI crude oil rose by as much as 5.6% on Thursday before Donald Trump stated that he would not attack Iran before the midterm elections, leading to a partial pullback in gains.
04:42
US bond yields ticked down, while AI-related stocks experienced a decline and PepsiCo shares saw an increase, reflecting varied market movements.
04:41
Elon Musk retweeted a post from user mikepat711. The user stated that Grok Bot's performance after yesterday's update "once again delivered a jaw-dropping AI moment," adding that the bot can generate meaningful results with minimal effort.
04:41
Elon Musk stated that SpaceX's acquisition of 800 MHz spectrum is the last critical piece of the spectrum puzzle needed for the company to provide complete phone coverage in America. He added that this will allow Starlink Mobile to offer better indoor coverage, including signals that can penetrate walls and other obstacles, suggesting that people are underestimating Starlink Mobile.
04:31
The Federal Reserve Board announced an enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity related to money laundering.
04:29
US stocks closed mixed, oil futures surged, and the bond market remained volatile, while doubts about artificial intelligence (AI) profits emerged and weighed on tech stocks.
04:11
XRP's approximately 63.09 billion circulating supply, as reported by CryptoSlate on Oct. 8, provides a scale for the market, but the actual quantity available for sale depends on sell orders and price tolerance. According to ledger-data tracker XRP Insights, 21.97 billion XRP were held in exchange-attributed wallets as of 08:00 UTC on Oct. 8. These balances include pooled customer assets and cold storage. Additionally, Bitwise's XRP fund held about 419.96 million XRP on Oct. 6, and Franklin XRPZ held about 295.83 million on Oct. 5, with these fund holdings restricting direct access for ordinary investors.
04:11
The White House announced that the Trump administration has secured investment commitments across several sectors, including steel, nuclear energy, natural gas, shipbuilding, and medical manufacturing. These include Mesabi Metallics' plan to build a $15 billion steel plant in Iowa, Anduril's $3.7 billion new shipyard project in Maryland, and a South Korean energy investment plan of up to $200 billion for the construction of nuclear power plants, natural gas pipelines, and power generation facilities in the United States. Additionally, Becton Dickinson and AstraZeneca also announced multi-billion dollar investments in the U.S. to expand domestic manufacturing and R&D.
04:09
According to a Nikkei Asia opinion piece, Beijing's mix of regulation, infrastructure, and open models could woo the Global South, thereby benefiting China from Trump's free-for-all approach to AI.
04:08
Three safety researchers fired by OpenAI last week—Jasmine Wang, Tomek Korbak, and Mikita Balesni—have published an open letter denying the company's accusations that they mishandled sensitive information. In their letter, they warned that the dismissals are having a "chilling effect" on OpenAI's AI safety culture, making employees afraid to openly raise safety concerns or collaborate with external experts. The researchers stated that such practices, once an integral part of OpenAI's work, could now lead to termination.
04:07
Jim Cramer said his view on the wholesaler's stock improved after Costco released its September sales report.
04:00
Donald Trump posted on Truth Social to clarify his previous remarks about "a temporary rise in gasoline prices being a small price to pay to stop Iran from having nuclear weapons, otherwise the cost would be greater if Los Angeles and San Diego were bombed." He stated that this was merely a comparison between the short-term increase in gasoline prices to prevent Iran's nuclearization and the immense cost of major US cities being bombed, not an invitation for enemies to bomb the cities he loves. Trump also accused "fake news" of distorting his statements.
03:58
Japanese plastics company Sumitomo Bakelite will invest $63 million to increase production of semiconductor encapsulation materials at its Suzhou plant in China and in Singapore. The additional lines will produce materials for cutting-edge chips used in data centers.
03:49
Citrini Research, in its report "Breaking the Wall" published Thursday, suggests that the tokenization of traditional assets like stocks, bonds, and loans will create vast new markets for trading, lending, and payments. The firm believes that fee-generating platforms and companies, rather than Bitcoin and Ethereum, are poised to be the biggest beneficiaries of this shift. The report highlights firms such as Securitize, Coinbase, Circle, Figure Technology Solutions, Bullish, Aerodrome, Maple, Pendle, and Ondo Finance as potential winners. However, Citrini also cautioned about challenges including liquidity fragmentation across blockchains, security risks, and legal hurdles for synthetic tokenized stocks.
03:48
David Zervos, a new advisor to US Treasury Secretary Scott Bessent, stated that US government bond yields are likely to fall back after recently surging to a 24-year high. Zervos noted on CNBC on Thursday that real yields are "very, very high" by historical standards and have room to decline in the future. He believes that some of the pressure on global real interest rates comes from increased corporate spending in AI and energy shocks caused by the US-Iran conflict, but these are short-term issues.
03:36
Aave launched AUSD PT on Monad in December with a borrowing limit of 93%. According to The Defiant, the new reserve has reached its supply cap of 30 million tokens, with Aave showing $29.67 million supplied.
03:34
Iran's Foreign Minister Araghchi stated on October 8 that Iran and the United States are continuing indirect negotiations through mediators, according to Xinhua News Agency, citing Iran's Tasnim News Agency. Araghchi said that Iran has proposed a "seven-day plan" and has heard the US response, and will reply within a few days. The plan involves reopening the Strait of Hormuz within seven days.
03:34
According to Xinhua News Agency, US President Donald Trump posted on social media on October 8 that the United States and Iran are engaged in "productive" discussions and that the US will not attack Iran before the November 3 midterm elections. Trump's post came after US media reported that he was considering new strikes against Iran before the midterms. Following the news, the 10-year US Treasury yield briefly fell by nearly 5 basis points to 5.229%, Brent crude dropped by $1.75/barrel within 5 minutes, and spot gold rose by $10.81/ounce within 5 minutes.
03:31
Citrini Research states that AI-powered financial agents could transform crypto investing, ushering in a new era of blockchain-based financial infrastructure. The firm identifies Coinbase ($COIN), Robinhood ($HOOD), Circle ($CRCL), Ethereum, and Solana as potential beneficiaries. Citrini believes that 24/7 trading, tokenized assets, and programmable settlements will accelerate institutional adoption of blockchain.
03:31
London’s Private Markets Exchange has completed another auction. However, the exchange’s managers stated that it is too soon to discuss expansion.
03:25
Bitcoin software company Breez stated that demand for its developer tools has surged since AI coding agents went mainstream, with partnership inquiries rising roughly 14-fold. The company attributes this directly to Anthropic’s Claude Code, as developers and the AI agents they deploy increasingly seek to add Bitcoin payments to their applications due to its speed and permissionless nature. Requests have come from various apps, including fitness, messaging, eSIM, and mushroom identification services.
03:25
Swiss crypto exchange WhiteBIT announced on Thursday that it has integrated the Lightning Network, enabling users to withdraw and deposit Bitcoin more quickly and efficiently. The platform, powered by BTC infrastructure provider Voltage, will charge a 0.25% deposit fee and a 0.15% withdrawal fee for Lightning transactions. WhiteBIT CEO Volodymyr Nosov stated that this integration aims to make blockchain technology more accessible and widely adopted.
03:21
Bitcoin's market dominance surged to a 1-month high of 60.05% after a brutal crypto market sell-off on Thursday, which saw major altcoins like Ethereum, XRP, and Solana fall by 6% to 14%. The market crash led to nearly $900 million in liquidations and was linked to Brent crude oil prices soaring above $105 per barrel amid geopolitical tensions in the Middle East.

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