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10/12
22:12
The Ugandan Shilling (UGX) is under pressure from rising US yields and foreign investor sell-offs, as offshore investors reduce their exposure to Ugandan local currency bonds.
22:09
Goldman Sachs Group Inc.'s acquisition of boutique ETF provider Neos Investments will bring some of the hottest derivative-income funds under scrutiny. The deal tests how decades-old laws are applied to Wall Street's new generation of tax-optimizing strategies.
22:08
US Department of Justice officials announced the detention of Álvaro Pulido, 62, on Sunday, who was wanted for allegedly laundering over $2 billion in connection with Venezuelan government bribery schemes. Pulido was arrested during a Homeland Security Task Force operation, though details of his custody were not provided. He had been jailed in Venezuela since March 2023 on separate charges related to diverting profits from state-run oil company PDVSA. US prosecutors accuse Pulido and four co-defendants of bribing Venezuelan officials to secure contracts for food and medicine, then overcharging the government and laundering profits abroad. The US Drug Enforcement Administration and State Department had offered a $10 million reward for his arrest. Pulido is due to appear in court on Tuesday. This follows the recent guilty plea of Alex Saab, another Colombian businessman tied to the Venezuelan government, on money laundering charges.
22:03
Al Jazeera reported that a video shows an Israeli settler abusing livestock and allegedly poisoning goats in the village of Al-Mughayyir, northeast of Ramallah in the occupied West Bank. The animals reportedly belonged to Israelis, and the settler allegedly poisoned them to frame Palestinians.
21:59
Hardware wallet manufacturer OneKey has announced it is cutting ties with reseller CryptoBilis and offering free wallet replacements. This offer applies to all OneKey models purchased from CryptoBilis between March 1 and Oct. 12, including used devices. Buyers must apply by Dec. 31.
21:52
Iran's Revolutionary Guard Corps stated that a third supertanker was attacked and caught fire in the Strait of Hormuz within the past 48 hours. The Revolutionary Guard claimed the vessel ignored warnings and turned off its navigation system. Iran also warned that commercial vessels cooperating with U.S. forces would face a "decisive response." This attack report has not been independently verified.
21:52
Tom Lee, Chairman of Bitmine and founder of Fundstrat, noted that Ethereum outperformed the S&P 500 by 6,832 basis points in Q3, despite macroeconomic tightening, high bond yields, and Federal Reserve policies. He believes factors such as tokenization, wealth transfer, digital asset reserves absorbing crypto supply, and the correlation between crypto and AI could drive the next market cycle. Lee stated, "We believe this has the potential to be the biggest crypto bull market ever."
21:51
Microsoft announced on Monday that its next-generation Maia 300 chip, designed for AI inference tasks, will begin deployment in data centers next year, Bloomberg reported. Microsoft expects Maia 300 to process 40% more tokens per megawatt than mainstream GPU systems, aiming to boost AI inference efficiency and reduce operating costs. Unlike Google and Amazon, Microsoft currently has no plans to directly lease Maia chip computing power to external clients, prioritizing its own vast AI service demands.
21:44
Global smartphone shipments fell 20% in Q3, hitting their lowest third-quarter level since 2012, according to Counterpoint Research. AI data centers are absorbing memory chip supplies, driving up smartphone production costs and retail prices. Samsung leads with 23% market share, followed closely by Apple at 22%. Meanwhile, Xiaomi shipments plunged over 30%, as manufacturers prioritize margins over sales volumes.
21:41
According to on-chain monitoring firm Lookonchain, Bitmine, a company founded by Tom Lee (Fundstrat founder), purchased another 12,532 ETH last week, valued at approximately $31.67 million. To date, Bitmine holds a total of 6,028,946 ETH, with an approximate total value of $15.24 billion, accounting for 4.94% of Ethereum's total supply. The company is only 77,442 ETH away from its 5% accumulation target.
21:41
Blockchain analytics firm Lookonchain reported on October 12 that Bitcoin ETFs recorded a net inflow of 127 BTC (worth $10.49 million) for the day, while Ethereum ETFs saw a net outflow of 25,446 ETH (worth $64.22 million). Over the past seven days, Bitcoin ETFs experienced a net outflow of 8,538 BTC ($704.12 million), and Ethereum ETFs had a net outflow of 208,593 ETH ($526.4 million).
21:38
The token represents STRC preferred stock of Strategy company, tokenized by xStocks, and supports yield markets on Ethereum and Solana via Pendle_fi and ExponentFinance.
21:35
Guosheng Securities released a report on October 11, stating that China's bond market continued to strengthen in the three trading days after the National Day holiday, with bond yields across all maturities generally declining. The report analyzed three marginal changes supporting the bond market's strength: first, the DR001 funding rate dropped to 1.28%, a new low since late May this year, breaking through its previous lower bound and indicating a potential further downward shift in the short-term interest rate center; second, interbank certificates of deposit (CDs) saw net repayments for two consecutive weeks, with 203.2 billion yuan repaid in the week before the holiday and 108.3 billion yuan repaid in the week after, reflecting weakening demand for bank liability financing; third, the growth rate of bond holdings by small and medium-sized banks slowed significantly, with the year-on-year growth rate falling to 4.9% as of August, suggesting potential for future replenishment. Based on these changes, Guosheng Securities believes that the bond market's strengthening trend is likely to continue, with the 10-year government bond yield expected to fall to around 1.6%, the 30-year government bond yield potentially approaching 2.0%, and interbank CD rates expected to decline to around 1.4% in the fourth quarter.
21:35
Seven of the largest banks, including Goldman Sachs, JPMorgan, Citigroup, Wells Fargo, Bank of America, Morgan Stanley, and BlackRock, are scheduled to release their earnings this week. Despite the financial sector being flat on the year, the options market is pricing in notable post-earnings stock movements. For instance, Goldman Sachs is expected to see a 2.84% move, JPMorgan 2.5%, Citigroup 3%, Wells Fargo 3.5%, Bank of America 2.9%, Morgan Stanley 3%, and BlackRock 3.3%.
21:27
The Council of the European Union reached a political agreement on October 9 to give the European Securities and Markets Authority (ESMA) direct responsibility for the bloc's most significant crypto-asset service providers. This move aims to address a loophole in the Markets in Crypto-Assets Regulation (MiCA) that allows firms licensed in one member state to serve customers across the 27-country bloc while remaining primarily supervised by their home-country regulator. The agreement sets the Council's negotiating position and still requires negotiation with the European Parliament.
21:21
The U.S. Department of Justice has initiated a review into whether Binance is complying with the terms of its 2023 global settlement agreement, which required Binance to pay $4.3 billion. Investigators are examining transactions conducted through a Hong Kong company that may be related to sanctions evasion. The DOJ has not yet filed any new formal charges, and Binance stated it is fully compliant with sanctions requirements.
21:21
Evernorth (XRPN), a company operating a public XRP treasury, debuted its Class A shares and warrants on Nasdaq after merging with SPAC Armada. The company's treasury holds 473 million XRP (approximately $672 million) and $300 million in cash. Hugo Zhandeboz, the new Chief Investment Officer and former Co-CIO of Coinbase Asset Management, announced that the XRP reserves will be utilized for credit derivative strategies and DeFi liquidity pools to enhance earnings per share.
21:21
Standard Chartered, through its Dubai branch, has launched a custody service for Ripple USD (RLUSD) stablecoin on the XRP Ledger network, in partnership with LMAX Group. This service uses a collateralized mirror model, allowing institutional clients to use RLUSD for margin trading without directly transferring assets to an exchange, thereby eliminating operational costs associated with cross-border transfers.
21:18
Pivotal Research has raised its price target for SpaceX to $230 from $220, maintaining a Buy rating. This upgrade follows SpaceX's reported $8 billion spectrum acquisition and authorization for 15,000 direct-to-device satellites, which could position Starlink as America's fourth major wireless network. The firm forecasts 160 million global mobile subscribers by 2036, with Starlink potentially capturing a 13% share of the U.S. wireless market. Pivotal estimates SpaceX could build its network for approximately $10 billion, significantly less than the $50–100 billion required for traditional carriers.
21:15
Dublin, Ireland-based Steris, a provider of products and services to hospitals and pharmaceutical manufacturers, announced its plan to acquire Xodus Medical for $2.1 billion. The company expects the deal to expand its portfolio.
21:12
A law firm backed by Gramercy Funds Management successfully fought off a motion to remove it from a $36 billion lawsuit involving hundreds of thousands of victims of a dam collapse in Brazil, Bloomberg Markets reported. Two private credit investors are vying for the right to represent the victims.

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