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10/12
09:09
Starknet's native token STRK has surged 322% over the past four weeks, significantly outpacing Bitcoin and Ether. Meanwhile, Starknet's DeFi total value locked (TVL) increased by approximately 5% over a slightly shorter period. The proposed Layer 1 shift for Starknet remains under discussion.
09:04
China Securities Regulatory Commission (CSRC) chairman Wu Qing chaired a symposium in Beijing on Saturday, bringing together executives from listed companies and experts from securities firms and fund managers. The meeting aimed to discuss the country's capital markets and financial conditions, signaling fresh support for the domestic A-share market. This follows a sharp sell-off in technology shares driven by concerns over US sanctions, which saw China’s CSI 300 Index fall 12% in the third quarter, with the tech-heavy STAR Market 50 index slumping 31%.
09:00
According to monitoring by EmberCN, two Ethereum Foundation-linked wallets sent 4,393 ETH, valued at approximately $11.13 million, to Kraken about four hours ago. These wallets initially received 59,751 ETH from an Ethereum Foundation wallet a decade ago, with 49,751 ETH of that amount having been moved to Kraken over the past ten years at an average price of about $658.
08:59
Chris Wood, Global Head of Equity Strategy at Jefferies, warned in his latest quarterly report that the AI industry is facing structural risks similar to the 2008 subprime mortgage crisis. He pointed out that hyperscale cloud providers are extending massive "unsecured credit" to continuously loss-making AI labs (OpenAI and Anthropic), which could lead to significant capital destruction in the US, with market share shifting to cheaper Chinese open-source large language models.

Wood's analysis indicates that approximately half of the $2.34 trillion in remaining performance obligations for the four major cloud platforms—Microsoft, Google, Amazon, and Oracle—as of the end of Q2 2026, is owed by OpenAI and Anthropic. Furthermore, the five largest cloud providers' off-balance sheet liabilities (data center lease commitments and implicit debt) have reached trillions of dollars, and they have issued $229 billion in bonds this year, competing with the federal government for financing. Wood also questioned whether the cloud providers' profit growth primarily stems from mark-to-market gains on equity stakes in AI startups, creating a circular financial engineering. He believes that the AI narrative "will experience a major reset at some point in the not-too-distant future" and advises investors to focus on credit markets rather than equity markets, holding "picks and shovels" (chip manufacturers) instead of the hyperscale cloud providers themselves.
08:56
China's central bank has purchased gold for 23 consecutive months, adding approximately 23 tonnes in September, its largest monthly purchase in nearly three years. In the first eight months of 2026, China imported over 1,000 tonnes of gold, valued at $158.8 billion, surpassing the total imports for all of 2025. Analysts attribute this surge to Beijing's push to diversify away from the U.S. dollar and Chinese households seeking safe-haven assets amid economic uncertainties. Aakash Doshi, head of gold strategy at State Street Investment Management, forecasts gold prices to rise to $4,750-$5,500 per troy ounce by the end of Q1 2027, supported by robust demand.
08:53
Gold edged higher as traders assessed U.S. President Donald Trump's claimed "energy ceasefire" between Russia and Ukraine, even as the risk of an expanding Middle East conflict continued to fuel inflation concerns. Gold is currently trading near $4,200 an ounce, having risen 1.3% last week. Trump stated that the Russia-Ukraine ceasefire was effective immediately. Meanwhile, benchmark Brent crude fell 1.2%.
08:37
Iran said the US has accepted some of its peace terms but deemed the US response "insufficient," according to Al Jazeera. Meanwhile, Riyadh airport in Saudi Arabia was attacked again.
08:26
U.S. President Donald Trump unilaterally declared an "energy ceasefire" in the Russia-Ukraine conflict "effective immediately, with both sides having agreed" in a social media post on October 11. Ukrainian President Volodymyr Zelenskyy initially stated he was unaware of this, calling the announcement a "surprise" to him. However, Zelenskyy quickly adjusted his stance later that day, explicitly expressing support for a "feasible, reliable ceasefire" and stating that Ukraine is "willing not to strike Russian energy facilities and expects Russia to take the same action," with relevant orders having been issued to the Ukrainian armed forces. Russia has not yet confirmed the existence of any agreement and continued to bomb Ukraine's energy grid on October 11. Analysts believe Trump's move aims to alleviate pressure from high gasoline and diesel prices ahead of the U.S. midterm elections. Bipartisan members of the U.S. Congress have united against Trump's plan to allow Russia to export oil to the U.S., questioning its legality.
08:26
Strategists say a rally in South Korean bonds may prove fleeting as government measures to quell volatility fade and expectations of further monetary policy tightening build.
08:25
Binance founder CZ retweeted a post from user @dafangbigfang, which claimed the potential discovery of the first tampered Ledger Stax hardware wallet, also purchased from an official authorized Ledger dealer in Malaysia. The post also stated that detailed on-chain tracking has been completed, and a related video explanation is currently being edited.
08:24
Binance founder CZ retweeted a post stating that Binance is the only exchange to receive an S rating in DeFillama's REAL ranking, with a score of 86/100. The ranking is based on four key factors: Reserves (30%) scored 93 points, Execution Quality (30%) scored 56 points, Trading Activity (20%) scored 99 points, and Liquidity (20%) scored 100 points.
08:21
According to Xinhua News Agency, Yemen's Houthi rebels launched four military operations against airports and energy facilities in Saudi Arabia within the past 24 hours. On the 10th, King Khalid International Airport in Riyadh, the Saudi capital, was attacked, resulting in 12 deaths and 309 injuries. On the 11th, Terminal 4 of the same airport was again hit by an unidentified projectile, and air defense systems intercepted and destroyed a missile near the airport. The attack caused a fire, and the Saudi General Authority of Civil Aviation confirmed that this attack again resulted in injuries. This attack not only caused significant casualties but also directly impacted the Saudi economy and foreign investor confidence. Executives from top oil companies such as BP and Shell have announced their withdrawal from the World Petroleum Congress, originally scheduled to open in Riyadh on the 11th. Several institutions in Riyadh's financial district have switched to remote work. Facing pressure, Donald Trump stated that the United States is considering joining Saudi Arabia's strike operations against the Houthis and will make a decision as soon as possible.
08:21
According to Wall Street Insights, the Kospi has fallen 22% in the second half of this year, making it the worst-performing major global stock index, a reversal from its position as the strongest performer in the first half. Foreign investors have net withdrawn $131 billion from South Korean equities this year, the largest outflow among major Asian markets.

Analysts point out that the decline in the South Korean stock market is mainly dragged down by AI concept stocks, with Samsung Electronics and SK Hynix together accounting for over 50% of the Kospi's weighting. Despite Samsung Electronics' quarterly operating profit surging nearly ninefold year-on-year, its stock price has fallen instead of rising. Furthermore, the two chip giants' combined stock repurchase plan of approximately $41 billion is nearing completion, creating a vacuum in market buying support. Meanwhile, the Taiwan stock market has become an alternative for AI funds, with the Taiex index rising 70% year-to-date.
08:20
XRP trades near $1.395, with its main trend still leaning down after a sharp drop from its late-September high near $1.66, having found support near $1.32. The bounce from $1.32 has been weak, with the coin sitting just under its 50-day average near $1.40. Key support levels are at $1.35 and $1.32, while resistance is at $1.45 and $1.50.
08:05
Samson Tam Wai-ho, honorary chairman of the Hong Kong Electronic Industries Association (HKEIA), stated that Hong Kong needs to ease its listing rules and transaction requirements to attract more angel funds and become a global hub for start-ups. He noted that the city has only about 100 active angel funds, significantly fewer than Shenzhen's approximately 400.
07:54
Iranian Foreign Minister Araghchi spoke with Saudi Foreign Minister Faisal by phone on the evening of October 11, local time, exchanging views on the current regional situation. Araghchi expressed concern about the escalating regional tensions and emphasized that adhering to military means while neglecting political solutions would only further complicate the current situation. Araghchi stressed that there is no military solution to the crisis in the region, and Iran is willing to offer all assistance to facilitate dialogue and ultimately a political solution between Saudi Arabia and Yemen.
07:54
Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, stated on October 11 that the United States has accepted some of Iran's conditions for reopening the Strait of Hormuz, but the situation regarding other conditions remains unclear. Rezaei noted that over the past two months, the U.S. has requested proposals from Iran through three channels: Pakistan, Qatar, and Iraq. Iran presented seven conditions to the U.S. The U.S. has responded, but Iran considers the response insufficient and emphasized the need for the U.S. to clarify ambiguities. Rezaei also warned that if the U.S. launches another aggression against Iran, U.S. assets in West Asia, including critical data systems and artificial intelligence facilities, would become targets. He simultaneously refuted U.S. claims that the Strait of Hormuz is open, stating that current shipping volumes are far below pre-war levels, and Iran will continue to control the management of the strait.
07:37
The AVAX token has surged nearly 50% in the past four weeks, outperforming both Bitcoin and Ethereum. Despite a 1.7% dip last week, the token maintains its lead. Concurrently, the Avalanche network reduced the minimum staking period for validators.
07:25
New Zealand's ruling National Party stated that now is not the time for tax cuts, given the country's current debt burden and budget deficit.
07:24
The Institute for Fiscal Studies (IFS) warned that UK Chancellor of the Exchequer John Healey must find £35 billion ($46 billion) to meet the Labour government’s spending ambitions ahead of the budget later this month. The closely watched think tank noted that while Healey should have more headroom against his fiscal rules than expected, the credibility of the government’s spending plans was still in the balance.
07:06
U.S. Senator Ted Cruz criticized Texas Democratic Socialist James Talarico in a tweet, stating that Talarico's goal to "ensure there are no millionaires" would lead to "all small businesses, farmers, ranchers, and institutions employing more than a dozen people being bankrupted." Musk retweeted the post and commented "Troubling."
06:40
Oil prices edge higher, with Brent crude near $105/barrel, after renewed strikes on Saudi Arabia's main airport and a fresh tanker attack near the Strait of Hormuz raise supply risk concerns. West Texas Intermediate traded around $92. King Khalid International Airport in Riyadh came under attack again Sunday by Iran-backed Houthi militants, a day after a strike killed 12 people. A drone hit a tanker near the Sohar anchorage off Oman, outside the strait, the same day.
06:34
Coinbase CEO Brian Armstrong posted on X that Coinbase, by fine-tuning the open-source model Qwen3.5-9B, has outperformed cutting-edge general models in specialized tasks such as fraud prevention, with better cost and speed. He believes that this model, where specialized models surpass general models in narrower tasks, will be increasingly adopted within companies in the future.

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