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10/17
14:02
Hong Kong and Macau skiers increasingly visit mainland indoor slopes; Bonski's Guangzhou facility reports 20-30% of visitors from the regions
13:58
Russian Attacks in Ukraine Kill at Least 8, Cut Power to 1 Million People Across Nine Regions
Russian attacks on Friday killed at least eight people and injured 60 across Ukraine, hitting two shopping centers and cutting power to more than a million people in nine regions, including Kharkiv, Kramatorsk, Volyn, and Rivne. Ukraine's Ministry of Energy stated that repair crews have since restored power to over a million affected individuals. Russia's military chief confirmed to President Vladimir Putin on Friday that assets have been allocated to continue the aerial campaign against Ukraine's energy system.
13:49
Pakistan's Finance Minister: Gulf energy facility attacks are "worrying" for Pakistan's economic outlook, but short-term energy supplies have been secured.
Pakistan's Finance Minister Muhammad Aurangzeb told AFP in an interview at the IMF-World Bank Annual Meetings in Bangkok that attacks on energy infrastructure in Saudi Arabia and other Gulf states pose a "worrying" long-term economic outlook for Pakistan. He noted that Pakistan has successfully managed the initial impact, securing energy supplies until November, and is now preparing for peak winter demand. Aurangzeb warned that continued damage to infrastructure would delay the economy's return to normalcy.
13:46
Bitget to end services for some users; terms list Russia, Belarus and Kazakhstan as prohibited jurisdictions
Bitget will end services for some users under account-specific deadlines. The exchange's terms list Russia, Belarus and Kazakhstan as prohibited jurisdictions, while one affected user reported an Oct. 21 deadline.
13:31
Cardano development funds move into stablecoins; Intersect reports $26.1M in administered USDCx
Some Cardano development funding has moved into dollar stablecoins, reducing the direct effect of ADA price swings on those budgets. Intersect said on Oct. 9 that its 2026 Treasury Reserve Smart Contract had administered 201.67 million ADA, $26.1 million in USDCx and $4.8 million in USDM to date; “administered” is a cumulative activity measure, not current reserves, vendor-contract holdings or completed expenditure. Actual access to funds still depends on milestones, payment release and redemption conditions. USDCx is separately issued by Circle and fully backed by USDC held in xReserve. Circle, IOG and Midgard can each pause the bridge, but IOG and Midgard cannot freeze, reverse or redirect user funds.
13:29
Japanese Prime Minister Sanae Takaichi stated she would attend the APEC summit in China if the Diet permits.
Japanese Prime Minister Sanae Takaichi stated that she plans to attend the APEC Leaders' Summit hosted by China, if approved by the Diet. This move confirms her willingness to visit China despite ongoing tensions between the two countries.
13:29
Fairfax's Watsa Bets on IDBI Payoff Amid India Boom
Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd. is betting its acquisition of IDBI Bank Ltd. will pay off given India’s growth prospects, the Economic Times reported.
13:18
Houthi shelling and sniping in Taiz, Yemen, killed 1 civilian and injured 5.
Houthi militias shelled and sniped residential areas and villages in the Sabir al-Mawadim district southeast of Taiz, killing one woman and injuring five other civilians, including a woman and a girl, according to a statement from the Taiz Human Rights Center cited by Yemen's official Saba News Agency.
13:15
Airlines brace for years of pain, fearing inflation will deter customers from accepting price rises amid rising energy costs.
13:08
ECB President Lagarde: The global economy shows resilience, but growth risks are skewed to the downside, and inflation risks are skewed to the upside.
European Central Bank (ECB) President Christine Lagarde stated at the International Monetary Fund (IMF) Annual Meetings that the global economy has shown surprising resilience in the face of high uncertainty, but growth risks remain tilted to the downside, and inflation risks are tilted to the upside. The Eurozone economy has also shown resilience so far, with the ECB's September staff projections forecasting 0.9% economic growth in 2026.

She noted that Eurozone headline inflation rose to 3.8% in September, and core inflation rose to 2.5%. Higher energy prices are expected to keep headline inflation well above target in the first half of 2027, and the inflation outlook risks are tilted to the upside. The ECB's Governing Council decided in September to raise key interest rates by 25 basis points and will continue to comprehensively assess future policy based on data regarding the inflation outlook, underlying inflation dynamics, and the strength of monetary policy transmission.
13:02
India's government has ordered a halt to the use of sugar for ethanol production, a move that could help curb sugar prices in response to crop damage caused by El Niño.
12:33
Spot Bitcoin and Ethereum ETFs See Net Outflows on Oct 16
On October 16 (ET), spot Bitcoin ETFs recorded total net outflows of $82.39 million, led by BlackRock's IBIT with $71.78 million in net outflows. Spot Ethereum ETFs saw $69.68 million in net outflows, marking their third consecutive day of net outflows, with all of the day's net outflows coming from BlackRock's ETHA.
12:32
Iranian Foreign Minister Araghchi traveled to Baghdad to attend the OIC Foreign Ministers' Meeting.
According to Iran's state broadcaster (IRIB), Iranian Foreign Minister Araghchi has departed for Baghdad to attend the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers meeting. The meeting's theme is "Dialogue and Solidarity are Pillars of Peace and Sustainable Development." Araghchi will lead a diplomatic delegation and hold bilateral talks with several participating ministers. The meeting comes amid escalating US-Israel-Iran conflicts and the war in Yemen, exacerbating regional security and energy supply concerns. Brent crude futures settled up 3.7% at $109.86 a barrel on Friday, while US WTI crude rose 3.5% to $101.41 a barrel.
12:17
XRP Searches Drop 90% Year-over-Year on Google Trends, Price Holds Above $1.25
XRP searches on Google Trends have dropped by over 90% year-over-year by mid-October 2026, compared to a historical peak in July 2025 when its price reached $3.65。Despite the significant decline in retail interest, XRP's price has remained resilient, consolidating in a narrow corridor of $1.30–$1.34 and holding key support around $1.25.
12:12
The Financial Times commented that the current turmoil portends the potential impact of an AI bubble burst on financial markets, likening it to a "rehearsal for an AI reckoning."
12:01
OKX founder Star Xu says Bitcoin nearly died several times, but crypto emerged stronger after resolving crises
In an interview on the New Era Finance Podcast, OKX founder and CEO Star Xu recalled Bitcoin's early forks and hash power attacks, the collapse of Mt. Gox, disagreements over scaling, and the later FTX incident. He stated that Bitcoin had nearly "died" several times, and resolving industry crises could take months or even a year. In his view, once those problems are resolved, the industry becomes better, bigger, and stronger than before.
11:56
Vietnamese Prime Minister Le Minh Hung has set a GDP growth target of at least 10% for 2027, with inflation expected to remain around 4.5%.
11:54
Morgan Stanley Strategists Warn: US Stocks Experiencing Worst Divergence Since Dot-Com Bubble, Ordinary Stocks "Crushed," AI Giants May Struggle to Carry the Load Alone
Morgan Stanley Chief Equity Strategist Mike Wilson noted in his latest report that the US stock market is experiencing a rare internal divergence, with indices appearing calm while ordinary stocks are in disarray. He warned that tightening financial conditions are primarily impacting ordinary stocks, rather than the few AI-centric giants. Morgan Stanley's Composite Financial Conditions Index has jumped to approximately 1.4 standard deviations, a level only breached a few times in the past 35 years. The S&P 500 Equal Weight Index has lagged the market-cap-weighted index by 6% over the past six months. In September, when the 10-year US Treasury yield surpassed 5%, the equal-weight index fell by 5% in a single month, while the market-cap-weighted index remained almost flat. Goldman Sachs' Tony Pasquariello added that the median S&P 500 component stock has fallen 15% from its 52-week high, the worst reading since the dot-com bubble burst. Furthermore, the S&P 500 equity risk premium has fallen below zero, and financial stocks have dropped 7.7% in 30 days, with their performance relative to the S&P 500 falling to its lowest level since 2019.
11:28
Anthropic Reportedly Lobbied US Congress Secretly to Set High Thresholds for Government Intervention in AI Safety Legislation
Anthropic is reportedly lobbying the U.S. Congress in secret to advance an AI safety bill it primarily drafted, which sets an extremely high bar for federal government intervention in frontier AI models. Citing Politico, Reuters reported that Anthropic representatives have privately lobbied members of Congress on this draft legislation. According to the bill, the government could only intervene to prevent the release or use of an AI model if it poses a foreseeable, imminent risk—specifically, one that could cause over $1 billion in damages or lead to the death or serious injury of more than 50 people. Furthermore, the bill strictly limits regulatory authority to the Department of Commerce and federal courts, explicitly prohibiting any other U.S. government department, agency, or official from suspending the development, deployment, or internal use of AI models. Analysts believe that if this bill becomes law, it would grant frontier AI models a high degree of operational certainty in the U.S. market, with regulatory intervention risks strictly constrained by law.
11:25
U.Today Analysis: Shiba Inu (SHIB) 24-Hour Trading Volume Reaches 81 Billion Tokens, Net Outflow of 32.76 Billion Tokens, Price Up 3.92%
U.Today analysis indicates that Shiba Inu (SHIB) recorded a trading volume of 81 billion tokens in the past 24 hours, with a net outflow of 32.76 billion SHIB. This suggests that more tokens are moving from exchanges to private wallets, typically signaling reduced selling pressure. During this period, SHIB's price increased by 3.92% to $0.00000514. Furthermore, active addresses grew by 1.01% to 165,200, while on-chain reserves decreased to 87.09 trillion tokens, with only a 0.02% change in 24 hours, demonstrating increased holder confidence. The analysis suggests that if funds continue to flow out, SHIB is poised to approach its recent high of $0.0000052.
11:11
Binance founder CZ tests AI tool to clean up old retweets, states no original content was deleted.
Binance founder Changpeng Zhao (CZ) tweeted that he was merely testing an AI tool to clean up old reposts, not deleting any original content, and urged the market not to overinterpret it. Previously, there were market rumors that CZ was deleting a large number of old tweets, sparking speculation.
11:01
Wallstreetcn Analysis: Gold is down 27% from its January high, silver has halved, but structural imbalances in the physical market continue to worsen.
Wall Street Insights analysis points out that gold has fallen by approximately 27% from its historical peak of $5,608 per ounce in January 2026 to $4,112, while silver prices have halved to around $56. However, the price decline has not rectified the structural imbalances in the physical market: in Q2 2026, global central bank gold purchases reached 288.9 tons, the highest on record for the same period, occurring within a quarter where gold prices fell by 14%; the silver market is projected to record a supply deficit for the sixth consecutive year, with the deficit expanding to 46.3 million ounces in 2026, and virtually no growth in mine supply. The analysis suggests that this decline primarily purged speculative positions rather than addressing the supply-demand gap, indicating widening cracks in the physical market and foreshadowing a potential precious metals crisis.
11:01
Trump waives several Russia sanctions from new US law, citing national interests
US President Donald Trump has used his presidential authority to block numerous sanctions on Russia that were recently passed by the US Congress, stating in an executive order on Friday night that it is in the US "national interests" to withhold some of them. The sanctions bill, which Trump signed into law in September, was due to take effect on Sunday. This move comes days after Trump announced the US would import Russian diesel to lower energy prices, a plan that has triggered bipartisan backlash from lawmakers and criticism from allies.
10:45
Canada condemns Houthi attack on Aden's Maashiq Palace, calls for de-escalation
Canada has condemned the Houthi strikes on Maashiq Palace in Yemen’s southern city of Aden, which killed five people and wounded others. The Canadian embassy in Saudi Arabia expressed condolences to the victims’ families and called for an immediate de-escalation of hostilities, reaffirming solidarity with the internationally recognized Government of Yemen and the Yemeni people.
10:34
Google's Willow quantum chip reduces quantum computing error rates by approximately 40 times, posing a greater quantum cracking threat to Bitcoin.
Google announced that its Willow quantum chip has reduced the error rate by approximately 40 times when preparing the special states required for quantum computing, thereby alleviating one of the hardware bottlenecks for cracking Bitcoin wallets in the future. This breakthrough addresses a costly step in quantum computing: how to efficiently prepare "magic states" for computation. Google previously estimated that a future superconducting quantum computer with fewer than 500,000 physical qubits could theoretically crack Bitcoin and Ethereum wallet encryption under specific hardware assumptions.
10:18
Nikkei Asia: Southeast Asian nations face pressure to choose sides in the US-China AI competition, potentially impacting regional security and business activities.
Nikkei Asia reports that Southeast Asian nations are facing pressure to choose sides as the competition between the United States and China intensifies in the field of artificial intelligence. Many countries are attempting to maintain good relations with both the U.S. and China, but there is growing concern that this pressure could force them to make a choice, impacting the region's security and business activities.
10:15
S. Korea, US Hold First Finance, Monetary '2+2' Meeting to Boost Coordination
South Korea and the United States held their first "two-plus-two" meeting of finance and monetary policymakers in Bangkok on Friday, on the sidelines of a G20 ministerial gathering. The meeting, involving South Korean Finance Minister Lee Hyoung-il and Bank of Korea Gov. Shin Hyun-song, along with US Federal Reserve Chair Kevin Warsh and US Deputy Treasury Secretary Francis Brooke, aimed to strengthen coordination in responding to external uncertainties.
10:13
Tesla Executive Details New Roadster: All-wheel drive dropped, target weight under 1.7 tons, equipped with exclusive 4680 batteries
Lars Moravy, Vice President of Vehicle Engineering at Tesla, for the first time systematically disclosed the core technical details of the new Roadster on October 16. The vehicle abandons the all-wheel-drive solution in favor of a dual-motor rear-wheel-drive layout, equipped with a custom-designed 4680 battery, targeting a total vehicle weight slightly below 1700 kg. The top-tier Rocket version will feature SpaceX cold gas thrusters, claiming a 0-to-60 mph acceleration in just 0.55 seconds, and possessing limited ground-effect flight capability. Additionally, the new Roadster introduces an active ground suction system to compensate for insufficient aerodynamic effects at low speeds.
10:04
Foreign banks such as Deutsche Bank, HSBC, and Standard Chartered are reducing their branch networks in China due to low returns, shifting their focus to wealth management and digitalization.
10:03
The UK Maritime Trade Operations (UKMTO) warned that maritime attacks are underreported, and transit volumes through the Strait of Hormuz remain about 70% below pre-war levels.
UKMTO reported a total of 12 attacks during its latest weekly reporting period, 10 of which occurred in the Strait of Hormuz. The organization warned that it is difficult to determine the true number of attacks because most affected vessels refuse to report incidents to them.

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