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10/17
08:35
Chinese Stocks Turn Biggest Losers as Global AI Trade Stumbles, a Setback for Beijing's Tech Supremacy Ambition
08:28
Spanish Prime Minister Sanchez stated that the war in Iran has cost Europe over 100 billion euros.
Spanish Prime Minister Pedro Sánchez stated that the war in Iran has cost Europe over €100 billion (approximately $112 billion), with ordinary citizens bearing the economic burden. He posted on X with an accompanying video statement, saying: "Those who oppose the war are right, and we know that ordinary citizens will ultimately pay for it." Sánchez said at a press conference following the European Council summit in Brussels that opponents of the war have been proven right not only in terms of international law and human rights, but also regarding the economic and social consequences citizens are experiencing. He added that the Spanish Parliament has approved an aid package worth over €12 billion (approximately $13.4 billion) to protect affected industries and motorists. Sánchez emphasized that the current priority is to resolve this disaster as quickly as possible.
08:17
Ethereum (ETH) is currently trading at $2,455, with analysts suggesting it is in a consolidation phase and faces overhead resistance at $2,490.
U.Today analysis indicates that Ethereum (ETH) is currently trading at $2,455, slightly below the resistance level of $2,490, with strong support at $2,310. If the daily closing price can sustain above $2,490, it could potentially rise to $2,600; a drop below $2,310 might lead to a slide towards $2,100.
08:06
Italian Defence Minister Crosetto: Trump's Ukraine support restrictions "completely wrong"
Italian Defence Minister Guido Crosetto told the BBC that US President Donald Trump's move to limit Ukraine's access to satellite systems and intelligence is a "complete mistake, a major mistake" that risks prolonging Russia's full-scale invasion. Crosetto warned that such actions "make absolutely no sense" and would not help bring peace. Italy's Prime Minister Giorgia Meloni also previously criticized Trump's deal to buy diesel from Russia, calling it a "very risky choice" that would "grant Russia legitimacy."
08:01
Anthropic Claude Mythos 5 achieves a major breakthrough in quantum circuit design, reducing the number of gates for elliptic curve operations by 17 times.
Anthropic released research on October 16, demonstrating that its Claude Mythos 5, aided by an automated evaluation system, optimized eight quantum circuit design tasks spanning quantum chemistry, optimization, physical simulation, and number theory. The AI developed a reversible modular inverse algorithm, reducing the number of quantum gates for elliptic curve point addition circuits by approximately 17 times (though requiring a 12% increase in qubits), and decreasing the number of gates for Reed–Solomon decoding circuits in the quantum optimization algorithm DQI by about 12 times. The research results are still in the design and verification phase and have not yet been validated on actual quantum hardware.
07:45
Musk retweeted a post stating that Grok Bot's speed has significantly increased, with computer tasks being 3 times faster and response times halved.
Musk retweeted that Grok Bot's speed has significantly increased, with computer tasks being 3 times faster on average and other response times halved.
07:24
Federal Reserve Chairman Warsh declined to offer guidance on the outlook for the October interest rate meeting, and the 10-year US Treasury yield rose to 5.097%.
Federal Reserve Chairman Warsh declined to offer any guidance on the outlook for the October interest rate meeting at the IMF event in Bangkok, leaving markets without clear policy direction. Long-end government bond yields rose further amid increasing oil prices and inflation concerns, with the 10-year government bond yield climbing to 5.097% and the 30-year government bond yield reaching 5.436%.
07:24
The Nasdaq Composite fell approximately 4.5% this week, marking its largest weekly decline since the week of June 26.
U.S. stocks fell across the board on Friday, with the tech sector bearing the brunt. The Nasdaq Composite Index dropped approximately 4.5% for the week, marking its largest weekly decline since the week of June 26. NVIDIA's stock fell 1.4%, and Dell Technologies plunged 4.6%, bringing its weekly loss to over 22%.
07:19
Former Mt. Gox CEO: Ledger received reports of hardware wallet tampering since December 2025 but did not issue a public warning, involving the CryptoBilis incident.
Former Mt. Gox CEO Mark Karpelès stated that Ledger has been receiving reports of hardware wallets being implanted with malicious components since December 2025 but has not issued a public warning. Security researcher Joe Grand reported on March 4, 2026, that a Nano X device purchased from Lazada in Thailand had a security vulnerability, which Ledger has confirmed and is investigating internally. Additionally, a security incident disclosed on October 9 involved devices sold by CryptoBilis, an authorized dealer in Southeast Asia. Karpelès urged Ledger to proactively warn users as similar reports are increasing.
07:18
Yemeni government forces announced the capture of a Houthi drone operating team in Taiz province.
Yemeni government forces announced the capture of a Houthi team specializing in operating and controlling drones in the southwestern Taiz province. According to a statement posted on Facebook by the Yemeni Army's 35th Armored Brigade, its forces detained the team on the al-Aqrud–Kahlan front, southeast of Taiz. This capture comes as conflicts in Taiz have escalated this month, worsening humanitarian conditions and displacing thousands due to fighting and restricted supply routes.
07:01
Saudi Civil Defense issues warning for Abha city and Khamis Mushait province.
Saudi Civil Defense issued a warning for the cities of Abha and Khamis Mushait via the National Early Warning Platform. The agency posted on X (formerly Twitter) to alert residents of potential dangers and urged them to follow safety instructions.
06:47
UK Foreign Office expands non-essential travel warning to all of Saudi Arabia, citing heightened threats to airports
Britain’s Foreign Office widened its advice against all but essential travel to cover the whole of Saudi Arabia, extending a warning that previously applied to specified regions and cities. The guidance, updated on Friday, maintained the stricter warning against all travel within 10km of the Yemen border. The ministry warned of heightened threats to airports, military facilities, ports, and energy infrastructure, saying further airport attacks, disruption, and cancellations were “very likely.” It advised British nationals to stay away from Riyadh’s King Khalid International Airport until it was secure and consider travelling overland to a neighbouring country to leave the kingdom.
06:41
New York Fed: October Service Price Hikes Fastest Since 2022, Business Activity Index Falls to Lowest Since March
The New York Fed's October Business Leaders Survey, released Friday, showed that service sector selling price increases accelerated to their fastest pace since 2022, input cost growth remained strong, and supply conditions continued to deteriorate. Meanwhile, the overall business activity index fell 12 points from the previous month to -20.7, marking its weakest reading since March. Chicago Fed President Austan Goolsbee stated on Wednesday that there are few signs of improvement in services inflation, which needs close monitoring; Federal Reserve Chairman Warsh, on Thursday evening, remained vague about the future policy path. Service sector price pressures have re-emerged as a central variable for the Federal Reserve's policy path, with markets widely expecting another rate hike this year.
06:32
Cross River Bank Integrates Ripple's RLUSD Stablecoin into Core Banking System, Enabling Fintech Access via Single API
Cross River Bank announced on October 15 that it has linked Ripple's US dollar-backed RLUSD stablecoin to its core banking platform with XRP Ledger support. This integration allows fintechs to access RLUSD payments through the same API used for conventional banking services, streamlining cross-border payments and treasury transfers. Services are currently available in a limited number of US states. The move expands Ripple's distribution channel and positions RLUSD as an additional payment rail for fintech customers.
06:10
Yemen's government says Houthis fired two missiles at Aden airport
Yemen's internationally recognised government reported that Houthis launched two missiles at Aden International Airport on Friday, landing 500 meters from a preparing aircraft. All passengers and crew were safe. This attack follows a deadly assault on the presidential palace and comes amid renewed heavy fighting. Separately, Yemeni government forces claimed to have advanced in Marib province, neutralising over 430 Houthi fighters in 24 hours, and fended off attacks in Taiz. The Saudi-led coalition also stated it downed missiles and drones over Riyadh and other parts of Saudi Arabia. Iran denied involvement in Houthi operations and reiterated a mediation proposal.
06:03
Federal Reserve Chairman Warsh expressed optimism about the resilience of the U.S. economy and surprise at the performance of the global economy.
Federal Reserve Chairman Warsh on Friday expressed optimism about the resilience of the U.S. economy and surprise at how well the global economy has performed despite energy shocks and tight monetary policy. The market widely expects the Federal Reserve to keep interest rates unchanged this month, but Barclays anticipates a 25 basis point hike in December and another in January.
06:02
Saudi-led coalition says it struck Houthi arms smuggling operation
Coalition spokesman Turki al-Maliki posted images on social media, stating that the operation's target was Houthi arms smuggling by sea to Yemen's coastal Hodeidah province.
05:47
U.S. chip stocks have fallen for eight consecutive sessions, erasing $2 trillion in market value and marking their longest losing streak since 2008.
The Philadelphia Semiconductor Index has fallen for eight consecutive trading days, the longest losing streak since the 2008 financial crisis, due to market doubts about the prospects of AI investment returns. Over the past eight trading days, its market capitalization has evaporated by approximately $2 trillion. This week, the index has cumulatively dropped 11.4%, while the Nasdaq Composite has fallen over 4%. NVIDIA plunged over 6% this week, Micron Technology plummeted 14.6%, and cloud computing service provider CoreWeave's cumulative decline exceeded 25%, with its high-yield bond financing model raising deep market concerns. NVIDIA CEO Jensen Huang remains optimistic, while Cathie Wood increased her holdings in CoreWeave and Cerebras during the downturn.
05:46
Japan's holdings of U.S. Treasury bonds fell to $1.0683 trillion in August, marking the fourth consecutive month of decline.
Japan's holdings of U.S. Treasury bonds decreased by $35.6 billion month-over-month in August, falling to $1.0683 trillion, according to the U.S. Treasury International Capital (TIC) report. Japan remains the largest foreign holder of U.S. debt. This marks the fourth consecutive month of decline in Japan's U.S. Treasury holdings, reaching their lowest level since December 2024.
05:46
China's holdings of U.S. Treasury bonds fell to $590.7 billion in August, marking a two-month consecutive low since August 2008.
China's holdings of U.S. Treasury bonds decreased by $27.3 billion month-over-month in August to $590.7 billion, according to the U.S. Treasury International Capital (TIC) report. This marks the second consecutive month of new lows since August 2008, with China remaining the third-largest foreign holder of U.S. debt. As of August, China's holdings of U.S. Treasury bonds have declined for three consecutive months.
05:46
UK holdings of US Treasury bonds exceeded $1 trillion for the first time in August, reaching a new historical high.
The U.S. Treasury International Capital (TIC) report showed that the UK's holdings of U.S. Treasury securities increased by $11.2 billion month-over-month in August, reaching $1.0095 trillion. This marks the first time on record that the UK's holdings have surpassed $1 trillion, setting a new record for the second consecutive month and solidifying its position as the second-largest foreign holder of U.S. debt.
05:43
Japan's Sumitomo and Hankyu to test power-saving rail system on metro Manila's LRT-1 line, expected to power 2,000 households
05:34
Anthropic's Claude AI traced NIST curve seeds to 1990s timestamps, a finding not a cryptographic break, involving five prime-curve and four binary-curve seeds.
05:32
Meta employees reportedly admitted that Lula's account was restricted during the Brazilian general election, and the court ruled that Meta must treat all accounts fairly or face a daily fine of 500,000 BRL.
Meta employees admitted in internal communications that Brazilian President Lula's Instagram account was restricted during the election, while the platform recommended the profile and WhatsApp channel of Lula's challenger, Bolsonaro, Brazilian newspaper Folha de S Paulo reported on Friday. This follows a ruling by Brazil's Supreme Electoral Court on Thursday that Meta must immediately take steps to provide equal treatment to both candidates before the presidential runoff on October 25, prohibiting its algorithms from favoring one side, or face a daily fine of 500,000 Brazilian Reais (approximately $98,700).
05:27
Trump stated that the U.S. Navy is effectively blockading Iran, and no Iranian vessels are able to cross the Strait of Hormuz.
Donald Trump stated that the U.S. Navy is effectively blockading Iran, and no Iranian vessels are able to cross the Strait of Hormuz.
05:27
Replit CEO Amjad Masad Says AI Coding Platform No Longer Working With Anthropic, Citing Cost, Partnership, Performance, and Preference for ChatGPT
05:20
The EU strongly condemns actions and rhetoric that undermine the viability of the Israeli-Palestinian "two-state solution."
EU leaders, in a statement from the EU summit in Brussels, strongly condemned actions, policies, and rhetoric that undermine the viability of the two-state solution to the Israeli-Palestinian conflict. The statement was issued as settler attacks on Palestinians and journalists occurred in the West Bank.
05:19
The Philadelphia Semiconductor Index recorded its longest losing streak since 2008, and NVIDIA CEO Jensen Huang stated that the AI revolution has just begun.
The Philadelphia Semiconductor Index has fallen for eight consecutive trading days, marking its longest losing streak since the 2008 financial crisis. NVIDIA's stock price has also recorded declines on seven of the past eight trading days. Against this backdrop, NVIDIA CEO Jensen Huang stated in a Bloomberg interview in Berlin on Thursday that the current market volatility "will eventually pass." He attributed this to the transformative nature of AI technology, which will positively impact every industry and every country, emphasizing that this process is still in its early stages and will not be altered by short-term fluctuations. CoreWeave, an AI infrastructure company, saw its stock price plummet by over a quarter this week, and its corporate bond prices also fell to levels typically signaling financial distress. NVIDIA is one of CoreWeave's major shareholders.
05:19
Cardano's governance treasury has utilized 91% of its 500 million ADA cap, with only 42.6 million ADA remaining.
As of October 16, 2026, Cardano (ADA) has executed 30 treasury withdrawals totaling 457.4 million ADA, reaching 91% of the 500 million ADA total limit, with only 42.6 million ADA remaining available for new withdrawals. Although the treasury itself holds approximately 1.38 billion ADA, under the current protocol, incoming funds and refunds do not replenish the used withdrawal limit. Any new withdrawals must comply with the remaining limit or require a new limit agreement.
05:16
Tax Dispute Halts Commercial Goods into Gaza for Two Days, Fueling Food Price Hike Concerns
Commercial goods, including fresh fruits, vegetables, meat, and winter clothing, have been unable to enter the Gaza Strip for two consecutive days due to a tax dispute between local merchants and Hamas, Al Jazeera reported. This has intensified concerns about rising local prices; Gaza is already facing hunger and an economic crisis.

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