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10/12
15:32
According to data statistics, among the 129 open-source decision model projects on HuggingFace, 84 are developed based on Alibaba's Qwen, accounting for over 65%. Renowned decision models launched by companies such as Microsoft, Perplexity, Cloudflare, and H2O.ai all utilize Alibaba's Qwen.
15:32
Microsoft officially launched its new decision model, Microsoft-Decision-1, on October 12. The model was fine-tuned based on Alibaba's Qwen3.5-9B. Microsoft officials revealed that the model surpasses popular decision models such as LLM and Jev 1.13.0 in structured decision tasks, both in terms of latency and accuracy. Microsoft CEO Satya Nadella disclosed on social media that, due to the new model's excellent performance, Microsoft is testing its application in all areas, including incident response, quality control, and scientific discovery.
15:32
XRP rebounded, but Binance spot trading volume fell by nearly 78.6% to 54.12 million USDT between October 8 and 10, indicating that the rebound lacked sustained spot buying support. This followed XRPL.to data showing that a total of $40.7 million in XRP long liquidations occurred across Binance, Bybit, and OKX between October 7 and 8, with XRP futures open interest beginning to rebuild on October 11.
15:28
Beijing police announced the detention of Tang Ning, chairman of Yiren Digital, a Chinese digital lending platform listed on the U.S. stock market. This follows the failure of two related investment platforms under Yiren Digital to repay mainland investors for over four months. Police have launched a criminal investigation into alleged illegal activities by companies related to CreditEase. CreditEase announced on Sunday that its two asset management platforms had experienced "significant defaults" on fixed-income products and had fully suspended repayments on May 22.
15:18
According to The Defiant, a proposal to activate ENSv2 would halt new ENSv1 registrations. Under the proposal, existing .eth holders would have no migration deadline, and ENS Labs would transfer its remaining ENSv2 administrative roles to the DAO.
15:14
Bybit announced that it will adjust the maximum order size for USDT perpetual contracts at 7:30 AM UTC on October 13 to enhance user protection. Bybit encourages users to trade responsibly and use lower leverage levels to protect their accounts from further risks, and to adjust their trading strategies as necessary based on the new maximum order size.
15:12
Seoul shares plunged over 3% on Monday, with the benchmark Korea Composite Stock Price Index (KOSPI) closing down 241.69 points, or 3.65%, at 6,384.24. This marks its fourth consecutive session of losses, driven by a massive sell-off in technology stocks amid inflation concerns and elevated oil prices. The Korean won rose against the US dollar.
15:01
Goldman Sachs' latest weekly report indicates structural tensions within the market despite the S&P 500 repeatedly hitting new highs. Hedge funds are selling off tech stocks, yet their holdings in the "Mag 7" (seven major tech giants) have reached an all-time high, accounting for 22% of their total U.S. equity exposure. Concurrently, market confidence indicators have fallen to extreme lows, while positioning data across various asset classes continues to break records. The report also reveals that hedge funds are net buying the industrial sector at the fastest pace since the beginning of the year, with semiconductors and tech hardware being the most reduced sub-industries within the tech sector, while software has seen net buying. Goldman Sachs believes that disappointing revenue figures from OpenAI were one of the triggers for this rotation, noting that earnings season faces the dilemma of high expectations and a lack of reward for exceeding them, with market sentiment for bank stocks, in particular, turning noticeably cautious.
14:49
The Financial Stability Board (FSB) issued a warning ahead of the G20 Finance Ministers' meeting, highlighting risks from cross-border stablecoins and AI-related cybersecurity threats, and urged G20 policymakers to support stronger safeguards.
14:43
Bybit will support the dYdX (DYDX) v9.8.0 network upgrade, which is expected to take place on Oct 12, 2026, at approximately 10:45 PM UTC. Deposits and withdrawals via dYdX (DYDX) will be temporarily suspended starting from Oct 12, 2026, 10:00 PM UTC, to ensure a smooth transition. Other activities such as trading will not be affected.
14:37
The Monetary Authority of Singapore (MAS) today announced enhanced safeguards for public prospecting activities, following a public consultation. The measures, to be incorporated into updated guidelines in 2027, will require financial institutions to conduct such activities only within designated areas at commercial premises, appoint qualified individuals to oversee representatives' conduct, and ensure representatives obtain consumer consent after clearly stating their marketing intent. Street canvassing and door-to-door prospecting will remain prohibited, with a nine-month transition period for implementation.
14:28
South Korean battery materials makers, including Posco Future M and L&F, are pushing into lithium iron phosphate (LFP) cathodes. This move challenges China’s near-monopoly, driven by US restrictions and expanding energy storage system (ESS) demand. The companies are converting production lines, building dedicated LFP plants, and securing multitrillion-won supply deals with major Korean battery makers.
14:12
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 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.
14:07
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
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 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 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
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
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 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
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 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.

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