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10/16
11:52
Federal Reserve Chairman Warsh stated that the recent "massive surge in investment" driven by AI is not accidental but the result of "good policy." He believes the AI boom "may be the most important thing on the upside for the global economy." Warsh also said he did not want to give any hints about the deliberations of the October FOMC meeting, emphasizing "no prejudging meetings," "don't believe in saying what I'll do at a meeting now," and stating, "This is a new chapter for the Federal Reserve, we don't do that anymore." Additionally, Warsh revealed that one or more Federal Reserve working groups will hold a field hearing in the San Francisco Bay Area on November 16.
11:46
Wu Blockchain reports: Singapore Gulf Bank (SGB) announced that retail customers can now convert between USD and USDT/USDC bi-directionally through its mobile banking app, without needing a crypto exchange. Customers can also hold both fiat and stablecoins in the same bank account. This service is available 24 hours a day, Monday to Friday. Singapore Gulf Bank was launched by Whampoa Group and is one of Asia's key crypto-friendly banks.
11:45
On Friday, the Nikkei 225 index rose by approximately 1.7%, and the Topix index increased by 1.8%. Management consulting giant BAYCURRENT saw its stock price surge by 17.25% to an all-time high, following the release of its first-half fiscal year earnings report after market close yesterday, which showed a significant 28.5% increase in operating profit and ambitious future plans. Japanese software testing and quality assurance leader SHIFT also experienced a stock price jump of 16.52% due to strong financial results and impressive performance guidance.
11:45
MSCI stated that Indonesia is no longer suitable for classification as an emerging market, which could lead to its exclusion from global equity indices. Following this news, Indonesia's benchmark stock index plunged by as much as 11% intraday on Friday, triggering a circuit breaker and halting trading for 30 minutes. The Indonesian Rupiah also edged lower. Bank Indonesia subsequently announced that it would continue to intervene in offshore and onshore foreign exchange markets to stabilize the exchange rate. Indonesia's 10-year government bond yield rose by 10 basis points, reaching a two-month high.
11:42
Chinese Foreign Minister Wang Yi told Israeli President Isaac Herzog during a meeting in Azerbaijan that the "immediate priority is to fully open access to the Gaza Strip." Wang also stated that "promoting peace and reconciliation" in the region is "the cornerstone of China's Middle East policy."
11:34
China Construction Bank (CCB) announced on October 14 that its RMB money market bond repurchase "AI Trader" has completed an iterative optimization, incorporating large AI model technology. This makes CCB the first institution in the interbank market to apply large models to trading in this market. This upgrade covers intelligent inquiry and quotation, collateral management, and transaction pricing for credit bond pledged repo. The large model can identify bond abbreviations, codes, and common expressions used by traders, while small models and business rules handle bond verification, approval, and inquiry/quotation interactions. Daily turnover in the interbank bond repurchase market is nearly 7 trillion yuan, and large models have now entered this high-frequency liquidity market. The National Financial Regulatory Administration has classified fund transactions as a high-risk AI application, requiring the establishment of manual supervision and intervention mechanisms.
11:25
Al Jazeera cited military analysts who noted that while US President Donald Trump has ruled out an attack on Iran before the November 3 midterm elections, US military deployments in the Middle East are continuing, leading to a stalemate. Analysts believe Washington may maintain a naval blockade of Iranian ports, resume airstrikes and missile attacks, or consider limited ground operations, including potentially seizing Kharg Island, Iran's main oil export hub. However, all these options carry significant risks, with experts warning that Iran has adjusted its tactics and US forces have depleted their expensive missile stockpiles in months of fighting. Analysts consider a full-scale invasion highly unlikely.
11:24
Nikkei Asia reports that Anthropic, a leading U.S. AI lab, plans to establish its first dedicated data center in Osaka Prefecture, Japan, with NTT Data Group as the builder. The facility is expected to be one of Japan's largest data centers, with an estimated investment of up to 1 trillion yen (approximately $6.3 billion), potentially reaching several trillion yen if future advanced AI servers are included.
11:24
Nikkei Asia reported that SoftBank Group is expanding its business from technology investments to AI infrastructure development, planning to invest $33 billion in Ohio to build a natural gas power plant and data center campus to meet OpenAI's needs. SoftBank's renewable energy subsidiary, SB Energy, has filed for a Nasdaq listing for this project, seeking a $50 billion valuation, but has postponed the listing due to volatility in AI-related stocks.
11:24
Nikkei Asia reports that China's domestic AI chip production has doubled this year but still cannot meet surging demand. Total demand is expected to far exceed 5 million units this year, while domestic supply is only about 3.5 million units. Chinese tech giants such as Alibaba, ByteDance, and Tencent are expected to double their capital expenditure to approximately 700 billion yuan (about $104 billion) this year to meet AI development needs. To bridge the gap, these companies have procured over 1 million NVIDIA gaming and workstation chips that comply with U.S. export controls.
11:23
Oracle's five-year CDS surged 36 basis points in two days to 288 basis points, according to Deutsche Bank warnings cited by Wallstreetcn.com. If its BBB rating is downgraded, it would force institutional investors who can only hold investment-grade assets to sell, triggering a systemic chain reaction. Oracle is currently at the lowest tier of investment grade, and its CDS spread is 185-220 basis points wider than its own unsecured bonds.
11:23
Bonds of AI infrastructure provider CoreWeave have traded at distressed levels for three consecutive days, with its 9.625% notes due 2032 closing with a yield of approximately 14%, and its 2031 notes yielding over 16%. Its five-year CDS closed at 1117 basis points, implying an approximately 63% probability of default within five years. According to Wallstreetcn, citing a Morgan Stanley report, CoreWeave as a tenant underpins the repayment capacity of over $14 billion in data center bonds in the high-yield market. Its capital cost crisis directly impacts the debt repayment ability of issuers such as Applied Digital, Core Scientific, and Galaxy Digital.
11:22
According to a Castle Labs report on the Solana ecosystem, the on-chain Real World Asset (RWA) market capitalization on Solana grew from approximately $700 million to $4.3 billion over the past year. This increased Solana's share of total RWA relative to Ethereum from roughly 4.5% to 26%, while Ethereum's RWA grew from $15.5 billion to $16.6 billion during the same period. The report also highlighted Solana's application revenue over the past 30 days, which reached $193.1 million, ranking first among tracked networks, ahead of Hyperliquid ($86.5 million) and Ethereum ($53.8 million).
11:12
Australian lithium miner PLS announced on Thursday that it has approved an expansion plan to double the capacity of its Pilgangoora lithium mine with an investment of $1.32 billion. Despite the recent drop in prices for the key battery metal lithium, the company is betting on future demand, aiming to become one of the world's largest pure-play lithium miners.
11:03
China's Foreign Minister Wang Yi told Israeli President Isaac Herzog during a meeting in Azerbaijan on Friday that Israel should stop and reverse its "forced establishment" of settlements in the occupied West Bank. Wang Yi said China has consistently held that the Palestinian question is the greatest historical injustice of this century, according to China's foreign ministry.
11:03
Despite China's strict ban on crypto businesses, Solana has established a new office in Shanghai's Pudong New Area and launched a high-profile advertising campaign. According to social media posts by company executives on Wednesday, Vibhu Norby, Chief Product Officer of the Solana Foundation, stated that the company occupies "the highest commercial office space in the world." Some analysts speculate that the intensifying tech competition between the US and China might have created an opportunity window for crypto companies seeking to enter the Chinese market.
11:00
South Korea's Hyosung Heavy Industries completed a new 18,996-square-meter ultra-high-voltage circuit breaker plant in Changwon, South Gyeongsang Province, on Friday. The facility will manufacture 420 kV, 550 kV, and 800 kV circuit breakers for export, aiming to meet rising global demand for power equipment.
10:50
According to Nikkei Asia, the demand for lithium-ion batteries has surged in Pakistan due to a massive influx of Chinese solar panels. Despite falling global prices and overcapacity in China leading to a halving of lithium battery prices since 2024, Pakistani companies are still choosing to partner with Chinese manufacturers to assemble lithium batteries locally.
10:43
Yemen's Houthi forces claim to have shot down a Saudi Wing Loong II armed reconnaissance drone over Marib, stating it was carrying out "hostile activities" in the province's airspace.

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