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10/12
14:12
Multiple countries have warned their citizens to avoid traveling to Saudi Arabia after Houthi attacks on Riyadh airport resulted in multiple casualties and flight disruptions.
The United States, Australia, Canada, Japan, South Korea, New Zealand, and the United Kingdom have warned their citizens to avoid or reconsider travel to Saudi Arabia. This follows a series of Houthi attacks on Saudi airports, including a projectile strike on King Khalid International Airport in Riyadh on Sunday (October 11) that killed one person and injured 11. Saturday's attack killed 13 and injured over 300, making it the deadliest attack in Saudi Arabia in over a decade. The attacks have led to the closure of international airports in Riyadh and Dammam, and over 150 flight cancellations and 374 delays at Jeddah Airport, causing severe disruption to aviation in the Middle East.
14:10
Ledger confirms unauthorized hardware implant in a customer's wallet; independent investigators estimate cryptocurrency theft losses at $93.2 million.
Ledger confirmed on October 10 that an unauthorized hardware implant was found in an affected customer's wallet, while independent investigators estimated the suspicious cryptocurrency theft caused losses of up to $93.2 million. Hardware wallet manufacturer Ledger stated that this finding involved the device of an affected user. Authorized reseller CryptoBilis, which operates in Southeast Asia, has suspended sales of all hardware wallet inventory pending the investigation results. The investigation began after customers reported cryptocurrency losses following the purchase of Ledger devices from the reseller. Ledger has not stated how many devices were modified, nor has it confirmed that all reported losses were caused by this implant. Ledger stated that there is no indication its security infrastructure, systems, or services have been compromised. Independent investigators Galaxy Digital and Bitquery estimated losses at approximately $91 million and $93.2 million, respectively, with Bitquery also finding that the attackers controlled multiple wallets before coordinating withdrawal operations on October 9.
14:08
Jefferies: A 5% yield on five-year U.S. Treasurys is an attractive level for long-term buyers.
14:08
Coinbase reports delays in ALEO transactions
14:07
Anduril to Invest $6.6 Billion in Key Submarine Component Manufacturing for US Navy; HD Hyundai Open to Deeper Cooperation
Anduril Industries, a US defense technology company, is investing $6.6 billion to advance the manufacturing of critical components for US Navy submarines. This move has brought its cooperation with South Korea's HD Hyundai into focus and raised the possibility of deepening collaboration between the two companies in submarine manufacturing and smart shipyards. HD Hyundai has expressed openness to expanding cooperation, but the two companies have not yet held specific discussions regarding their involvement in this project.
14:06
IMF Managing Director Kristalina Georgieva: AI infrastructure investment drives global economic growth, expected to significantly boost growth rates in Asian economies.
According to RTHK's instant financial news, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated on Monday that strong investment in artificial intelligence (AI) infrastructure is sustaining global economic growth at around 3% and bringing significant benefits to many Asian economies that provide hardware, such as Thailand. She noted that the AI investment boom has led to a "demand shock and investment shock," which is expected to boost growth rates in developed Asian economies by 0.5 to 1 percentage point, and in emerging Asian economies by 0.2 to 0.8 percentage points. The IMF estimates that AI could ultimately lead to 40% of jobs being augmented, degraded, or eliminated, and has already found that 10% of jobs in the United States require AI skills.
14:03
Thai real estate developers are turning to the European market to counter the ongoing slump in the domestic property sector.
Thai property companies are increasing their acquisition of properties in Europe, signaling a shift in focus towards developed economies amid a prolonged downturn in Thailand's housing market, Nikkei Asia reported. Among them, Sansiri has acquired a five-star hotel on the shores of Lake Como in Italy.
14:02
Adidas CEO: Outdoor Sports and Street Dance to Drive New Growth in Chinese Market
Adidas CEO Bjorn Gulden stated at a media briefing in Shanghai on Sunday that the company will focus on fashion outdoor and street dance apparel to sustain growth amid intensifying competition in the Chinese market. He noted that China is experiencing a "running craze and outdoor craze," and new sports like street dance have become popular activities among university youth.
14:02
South Korea's Kakao Bank Launches Banking Services for Foreign Residents, Offering Full App Functionality
Kakao Bank of South Korea launched banking services for foreign residents on Monday, offering over 50 financial and lifestyle features through the same application used by Korean customers, aiming to bridge a long-standing gap in digital banking services. Initial services allow eligible foreign residents to open accounts, receive debit cards, and make overseas remittances entirely through the app. Kakao Bank plans to gradually expand services to include savings, loans, and other products already available to Korean customers.
14:01
Global Digital Finance Leaders to Gather in Seoul for WDAF
Executives and experts from Standard Chartered, JPMorgan, Evernorth, Sygnum, Ondo Finance, Circle, and other major financial and digital asset companies will attend the inaugural World Digital Assets Forum (WDAF) on November 9 at The Grand Lotte Seoul. Hosted by The Korea Herald and Herald Business, WDAF 2026 will explore how stablecoins, tokenized assets, and blockchain technology could transform payment, investment, and asset management.
13:44
AI pioneer Yann LeCun: Next AI breakthrough will be in physical world models, giving South Korea an edge
AI pioneer Yann LeCun stated on Monday that the next breakthrough in artificial intelligence will come from systems capable of understanding, predicting, and acting in the physical world, rather than from larger language models. He argued that these “world models” will drive the next phase of AI. LeCun and other global AI leaders, speaking at an industrial AI panel discussion in Seoul, suggested this shift could offer South Korea an advantage in the global AI race due to its strengths in manufacturing, robotics, and engineering.
13:41
XRP Ledger Foundation addresses critical bug that could have minted trillions of XRP
The XRP Ledger Foundation has addressed a critical vulnerability, present since 2015 and recently uncovered by Veria Labs, that could have allowed malicious actors to mint up to 18.45 trillion XRP, bypassing the fixed supply cap. The foundation confirmed that no unauthorized XRP was minted and that the exploit was never seen on the public network. They also defended their decision to circumvent the standard amendment process for an immediate software update, which was coordinated with RippleX, core developers, and validators, with patched software released on September 25.
13:34
Hanwha President Kim Dong-seon to acquire 19% stake in Hanwha M&S for W128.5b, becoming largest individual shareholder
Hanwha President Kim Dong-seon is putting 128.5 billion won ($96.3 million) of his own money into a tender offer for a 19 percent stake in Hanwha Machinery & Service Holdings, offering a 32 percent premium. This move would make him the company’s largest individual shareholder. Kim, the youngest son of Hanwha Group Chair Kim Seung-youn and head of future strategy at Hanwha M&S, will offer 8,000 won per share for up to 16.06 million shares from Monday through Nov. 2.
13:34
SK Group Chairman Chey Tae-won calls for 'new capitalism' that financially rewards companies for creating social value
13:26
Samsung Electronics fell 4.01% today, now trading at ₩251,500.
13:22
Musk reposted a tweet stating that Zimbabwean President Mnangagwa donated Starlink kits to 10 schools in the country as part of the National Presidential Internet Program, which will initially provide 8,000 kits to schools.
13:01
China sanctions Paraguay's Minister of Communications and Belize's Minister of Foreign Affairs over Taiwan issue.
China announced sanctions on Monday against Paraguay's Minister of Communications and Belize's Minister of Foreign Affairs, citing the two countries' diplomatic ties with Taiwan. Beijing views Taiwan as its own territory.
12:57
French lawmakers back crypto wallet reporting rule, with fines up to 10,000 euros for non-declaration
French lawmakers have supported a reporting rule for crypto wallets holding over $112,000 in assets. Holders could face fines of up to 10,000 euros for failing to declare these qualifying assets.
12:57
Upbit has added RSR trading pairs, supporting KRW and USDT markets.
Upbit announced that it will list Reserve Rights (RSR) on the Korean Won (KRW) and USDT trading markets, with trading opening at 14:05 KST on October 12. RSR is a decentralized GPU network based on the Ethereum network, aiming to provide high-performance computing resources for machine learning application developers.
12:52
Bitcoin surged past $84,000, shrugging off last week's $681 million in ETF outflows.
Bitcoin traded back above $84,000 on Monday, shrugging off last week's $681 million outflows from US-listed spot Bitcoin ETFs, which marked a new high since June. Meanwhile, oil prices fell after Donald Trump announced a diesel supply agreement with Russia, partially easing sanctions on Russian oil imports. Analysts remain concerned about ETF outflows, noting that $82,000 is a key support level and US inflation data on October 14 is the next major macro catalyst.
12:48
EU Agrees to Discuss Curbs on Chinese Inverters After Trade Meet
12:48
FT: Investors optimistic on AI hyperscalers, creditors eye data centre lease liabilities
Financial Times reports that while equity investors are looking to sunny futures for AI hyperscalers, creditors are scrutinising liabilities such as leases on data centres.
12:46
Musk retweeted a post stating that Starlink rescued a family in the French Alps.
Musk reposted a tweet from user cb_doge, which stated that Starlink Mini played a life-saving role in an accident in the French Alps. A large tree crushed a family's car, and passersby found no cell signal at the scene. They used a Starlink Mini installed in the car to call emergency services and share GPS coordinates. Rescuers arrived approximately 20 minutes later, and firefighters extricated the five trapped passengers, all of whom survived. cb_doge commented that effective connectivity can be the difference between life and death, and Starlink can provide a lifeline when people need it most.
12:38
Israeli PM Netanyahu demands probe into sources of award-winning Gaza film 'NAZA', which alleges military used AI to kill civilians, citing 'criminal libel' and 'harm to security interests'
Israeli Prime Minister Benjamin Netanyahu has called for an investigation into the anonymous sources featured in the documentary 'NAZA', which alleges that the Israeli military killed civilians in Gaza using AI-powered targeting systems. Netanyahu stated on X that he demands a comprehensive investigation and prosecution of the film's participants for "serious information security violations, criminal libel, and harm to Israel’s diplomatic and security interests," calling the film "false, misleading, and biased." The award-winning film draws on testimony from 24 unnamed Israeli military whistleblowers. The Israeli military has "categorically" rejected the allegations.
12:35
TikTok CEO Shou Zi Chew anticipates significant scientific breakthroughs from AI within three years.
TikTok CEO Shou Zi Chew stated on Monday at the DBS Asian Insights Conference in Singapore that he expects artificial intelligence to drive significant scientific breakthroughs in fields such as physics, biotechnology, chemistry, and materials science within the next two to three years. He noted that while the short-term impact might be overestimated, the long-term potential remains underestimated. Chew also warned that AI's growing capabilities necessitate stronger safeguards, especially with the broader application of autonomous systems, where cybersecurity risks are immense, and the cost for malicious actors to exploit AI for fraudulent activities will be significantly reduced.
12:35
Former CFTC Acting Chair Caroline Pham expects the NYSE and Nasdaq to list tokenized stocks within two years.
Former Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham stated that she expects the New York Stock Exchange (NYSE) and Nasdaq to list tokenized shares of companies within the next two years, and to see "real" trading activity and volume. She noted that the SEC's innovation exemption aims to create a regulated trading pathway for tokenized securities based on actual shares listed on the NYSE and Nasdaq.
12:27
Bitcoin Core has released v32.0rc4, the fourth release candidate for version 32.0.
12:27
Amazon's AI Capital Expenditure Returns Underestimated by Market, AWS Executives Disclose Multiple Growth Plans
Citing The Information on Sunday, Wall Street News reported that Amazon is currently trading at approximately 29 times its forward P/E ratio, lower than Walmart's 37 times, despite its revenue growth rate being projected at three times that of Walmart. Market concerns about its approximately $220 billion AI capital expenditure being too rapid and yielding slow returns have led to a valuation discount.

AWS CEO Matt Garman stated in an a16z interview that AI-related demand is immense, and capital expenditure will not slow down in the short term. AWS is also reserving scarce GPU capacity for startups. He revealed that AWS's annual revenue is between $160 billion and $170 billion, growing 37% year-over-year, and plans to purchase 2 million NVIDIA GPUs in the coming years. Matt Garman emphasized that AWS's capacity is not highly concentrated among a few clients, with single clients typically accounting for single-digit percentages or even less. Enterprise clients have already seen positive returns on core computing, storage, and inference. Additionally, AWS's custom Graviton chips have improved cost and performance by approximately 20%, and Trainium capacity is sold out until the end of next year.
12:25
Poland's foreign minister warned NATO to prepare for "hybrid" attacks from Russia, stating that Moscow's sabotage activities in Europe are escalating and the risk of casualties is rising.
12:23
Analysts anticipate a cooling of Wall Street's winning streak.
Analysts expect Wall Street banks to report a sharp slowdown in their trading streak when they release third-quarter results next week, following a strong performance earlier this year.

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