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10/13
18:40
South Korea's KOSPI index plunged 5.5% due to AI concerns, while Bitcoin bucked the trend to rebound to $87,000.
The Korea Composite Stock Price Index (KOSPI) fell 5.5% on Tuesday, now down approximately 38% from its June historical high. Meanwhile, Bitcoin rebounded from a summer low of $58,000 to $87,000, showing a moderate negative correlation (-0.41) with the KOSPI.

The KOSPI's decline was primarily driven by increasing concerns over AI spending prospects and the impact of Chinese competition. Broadcom CEO Hock Tan likened speculative AI investments to casino gambling, intensifying market doubts about whether the AI industry can generate sufficient returns to justify massive infrastructure spending. Additionally, technological advancements by Chinese memory chip competitor CXMT have exacerbated concerns about the long-term profitability of chip manufacturers.

As a result, SK Hynix and Samsung Electronics fell by approximately 10% and 7%, respectively. In pre-market trading, Micron Technology and SanDisk (SNDK) also dropped by about 3%. CoinDesk analysis suggests this divergence may indicate investors are reducing their exposure to AI trades, potentially benefiting Bitcoin.
18:36
JPMorgan Q3 Adj. EPS $5.75 and Revenue $50.17B Miss Estimates
18:34
Wells Fargo Q3 EPS beats estimates, but revenue and net interest income miss
Wells Fargo reported its third-quarter earnings, with diluted earnings per share (EPS) of $1.87, surpassing the estimated $1.85. However, the bank's revenue came in at $21.87 billion, missing the $22.30 billion estimate, and net interest income was $12.52 billion, below the $12.63 billion estimate. The bank expects its net interest income for fiscal year 2026 to be approximately $50 billion.
18:34
XRP Ledger payment volume surged 153.9% in the past 24 hours, reaching 363.3 million XRP.
According to XRPScan data, XRP Ledger's payment volume surged by 153.9% in the past 24 hours, reaching 363.3 million XRP. While this increase is a rebound from previous lows and remains below the 30-day average, the XRP price is currently finding support near $1.36, and the market is watching whether the recovery in on-chain activity will impact its price trend.
18:30
Report: BOJ officials believe there is no need for consecutive rate hikes in October, with a December hike still under consideration.
Bank of Japan (BOJ) officials believe there is no need for a consecutive rate hike in October, as upside risks to inflation have not significantly intensified, Bloomberg reported, citing sources. Officials will assess whether another rate hike is necessary in December based on the latest economic data. However, the sources emphasized that the central bank has not made a final decision and does not rule out the possibility of policy adjustments at this month's meeting. Market pricing indicates that traders expect a roughly 10% probability of a BOJ rate hike this month, while the probability of a hike by December has risen to 88%.
18:30
Musk retweeted a Space_Station post, stating that the SpaceX Dragon spacecraft is scheduled to launch at 6:33 AM ET on October 13, carrying over 6,300 pounds of supplies for the International Space Station's Expedition 75 crew.
18:28
Elon Musk forwarded SpaceX's tweet, announcing the launch of Falcon 9 carrying Dragon to the Space Station
Elon Musk forwarded SpaceX's tweet, announcing the launch of Falcon 9 carrying Dragon to the Space Station.
18:21
Israeli Forces Raid Palestinian NGOs and Hospitals in Occupied West Bank
Israeli forces raided the offices of several Palestinian non-governmental organizations in the occupied West Bank on Tuesday and deployed snipers inside a Palestinian medical complex, Al Jazeera reported. In Ramallah, Israeli forces searched the Union of Palestinian Women's Committees and Addameer Prisoner Support and Human Rights Association. The raid reportedly caused panic in central Ramallah, with Israeli forces firing stun grenades at journalists covering the attack.
18:19
MediaMarktSaturn pulls Ledger products amid tampering reports
European retailer MediaMarktSaturn has pulled Ledger products from its shelves as the hardware wallet maker investigates reports of tampering beyond the CryptoBilis incidents in Southeast Asia.
18:17
Japanese company Metaplanet plans ¥52 billion bond sale to refinance Bitcoin loans
The company aims to replace some Bitcoin-collateralized borrowing with unsecured debt, with up to ¥28.3 billion potentially allocated to share repurchases.
18:16
Brazil's Soaring Sorghum Output Poses New Crop Challenge for U.S. Farmers
18:08
Apple is holding its "Welcome Home" event tonight, with HomeView leading three new smart home products, and Siri AI as the core highlight.
Apple Inc. will hold its "Welcome Home" launch event at 9 PM Beijing time on October 13, where it is expected to unveil three new smart home products. The new smart home hub, HomeView, will be the main highlight, featuring a touchscreen and powered by an upgraded Siri AI. Additionally, the HomePod mini 2 and a new generation Apple TV 4K will also be released, likely with upgraded processors to enhance voice interaction and AI application support. Analysts believe Apple's move aims to deeply integrate AI capabilities into its existing product ecosystem to address expectations of slowing revenue growth.
18:06
South Korea's Supreme Court has issued new rules, paving the way for courts to seize and sell Bitcoin to repay outstanding debts starting in November.
South Korea's Supreme Court on October 12 enacted Rule No. 3280, establishing standardized procedures for courts to seize and sell debtors' cryptocurrencies to repay civil debts. The rule, effective November 1, covers cryptocurrencies held in exchanges and private wallets. The new regulation allows court officials to take possession of directly held cryptocurrencies before the debtor receives a formal seizure order and requires cryptocurrency exchanges to prevent asset transfers and disclose relevant information. Sales must use the market price on the transaction day.
18:06
The European Central Bank (ECB) warned Finland against plans to expand the banking supervisor's responsibilities to include promoting growth, stating that its core duties could be blurred.
The European Central Bank is criticizing a Finnish plan that would require banking supervisors to promote the growth and competition of lending institutions, warning that such a move could blur the regulators' core responsibility of ensuring banks are safe and sound.
18:03
BofA Survey: Investor Bond Pessimism Hits Lowest Since May 2025, 6% US Treasury Yield Could Trigger Fund Rotation
Bank of America's latest monthly fund manager survey shows investor pessimism towards bonds has fallen to its lowest level since May 2025. Approximately 37% of respondents indicated that a rise in the 10-year US government bond yield to 6% would prompt them to shift funds from equities to bonds.
18:03
BofA Survey: Global Fund Managers' Tech Overweight Hits Six-Year High, Semiconductors Become Most Crowded Trade
Bank of America's latest monthly fund manager survey shows that global fund managers' overweighting of technology stocks jumped from 30% last month to 37%, the highest since August 2020. Meanwhile, semiconductor stocks have replaced AI concept stocks as the most crowded trade in the current market.
18:02
UnitedHealth Group Incorporated (UNH) Q3 Earnings: EPS $4.69 beats estimates, Revenue $112.7 billion beats estimates
EPS: $4.69, market expectation $4.14
Revenue: $112.7 billion, market expectation $111.31 billion
Reporting Period: FY2026 Q3 (ended September 30, 2026)
Release Date: October 13, 2026
17:58
Goldman Sachs and JPMorgan Chase to report on trading slowdown as earnings season kicks off
Wall Street banks are expected to report their worst trading results of the year, following a record second quarter.
17:56
AI trade faces pressure as memory-chip stocks tumble
The global artificial intelligence trade is coming under increasing pressure, with a deepening selloff in chip stocks instilling fresh doubts about the sustainability of one of the most powerful investment themes of recent years.
17:53
Bitcoin stalls at $84,000 as South Korean tech stocks deepen KOSPI's decline.
Bitcoin's liquidity prevented its price from breaking through the $84,000 resistance level, while the KOSPI index's decline further widened amid an intensified sell-off in South Korean tech and semiconductor stocks.
17:52
India's Finance Minister Sitharaman Says RBI Will Likely Continue Efforts to Curb Rupee Volatility
17:49
Air France confirms compliance with Israeli rule barring crew from certain nations
Air France has confirmed it is complying with new Israeli restrictions that prohibit crew members from 31 Muslim-majority countries, including Iran, Saudi Arabia, and Pakistan, from flying into or over Israel. Experts warn this controversial policy could expose the airline to discrimination lawsuits under French employment law. Smartwings, the largest Czech airline, also confirmed receiving and complying with the directive.
17:44
China's central bank increased its gold holdings by 740,000 ounces in September, the largest increase in three years, to reduce its exposure to U.S. dollar assets.
The People's Bank of China (PBOC) announced last week that its gold reserves increased by 740,000 troy ounces (approximately 23 tons) in September, bringing total holdings to 77.47 million ounces. This move capitalized on falling gold prices to further reduce exposure to dollar-denominated assets amidst tensions with Washington. As of the end of September, China's gold reserves were valued at approximately $324 billion at market prices, while its foreign exchange reserves stood at $3.4 trillion.
17:42
Whitbread CEO Says UK Tax Hikes Led to Cancellation of Some New Hotel Plans
Whitbread Plc CEO Dominic Paul stated that the company has canceled construction plans for some new hotel sites due to excessive costs caused by rising business rates in the UK.
17:40
Upbit to suspend all services for server maintenance from 02:00 to 08:00 on Oct. 19
Upbit said server maintenance is scheduled from 02:00 to 08:00 on Oct. 19, 2026, during which all market trading and KRW and digital-asset deposits and withdrawals will be suspended. When trading resumes, buy orders above and sell orders below the last traded price before maintenance will be canceled. The end time may change.
17:37
The utilization rate of frontier AI models plummeted from 55% in Q1 2025 to 14% in Q3 2026, as the market shifted towards cost-effectiveness.
According to The Information, the usage of high-performance AI models called via OpenRouter has significantly decreased, reflecting users re-evaluating model capabilities against invocation costs. Against this backdrop, Meta released its flagship AI model, Muse Wonder, this Monday, attempting to demonstrate its cutting-edge model prowess, even as market demand shifts from pursuing ultimate performance to focusing on cost-effectiveness.
17:36
Hong Kong stocks edge up on Tuesday, mainland blue-chip index hits over one-year low as AI selloff subsides
Hong Kong and mainland stocks recouped earlier losses on Tuesday as a selloff in AI-related shares across Asia subsided, but the blue-chip index across the border still finished at its lowest close in more than a year. The benchmark Hang Seng Index edged up 74 points, or 0.3 percent, to 24,345. On the mainland, the Shanghai Composite Index inched up 0.1 percent to 3,800, while the blue-chip CSI300 Index closed down 0.3 percent. The CSI AI Index dropped 0.3 percent after touching a six-month low. Economists forecast China's exports rose 25.5 percent year on year in September, accelerating from August's 25 percent growth.
17:34
WSJ: Gulf Hurricanes Not Enough to Reshape Insurance Market, Capital Inflows May Weaken Industry Instead
17:34
Lookonchain: Both the Dynamic Rainbow Chart and the 200 Week Moving Average Heatmap are showing a buy signal for $BTC.
17:32
AI Selloff Drags Emerging Stocks Down for Second Day, Weighs on Asia’s Technology Hubs’ Currencies
The deepening selloff in shares linked to artificial intelligence pushed the key emerging-market equity index down for a second day and triggered a decline in currencies of Asia’s technology hubs.

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