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10/18
18:24
Donald Trump's efforts to curb green energy may prove ineffective, as the conflict in Iran and the AI boom are instead accelerating the development of clean energy, the Financial Times analyzes.
18:18
Financial Times: Accenture seeks to sell China business, valuation up to $1.5 billion
18:15
US Secretary of State Rubio says Ukraine currently lacks access to Starshield, request for deep strikes in Russia 'under discussion'
18:10
Silicon Valley Titans Gather to Discuss AI Bubble: CoreWeave Bond Yields Soar to 15%, Anthropic Q3 Revenue Hits $16.8 Billion, Aims for $2 Trillion Valuation IPO
In the October 17 episode of the "All-In Podcast," a16z co-founder Ben Horowitz, angel investor Jason Calacanis, venture capitalist Chamath Palihapitiya, and former White House AI and Crypto lead David Sacks gathered to deeply analyze the market pressures facing the AI industry. They generally agreed that the current volatility is not a bubble bursting, and that AI computing resources remain structurally scarce. Amazon AWS head Andy Jassy confirmed that GPU supply tightness will persist beyond the end of 2028. However, Palihapitiya warned that AI infrastructure's deep reliance on floating-rate financing is a key risk, and if the 10-year US Treasury yield rises to 6%, related business models will face severe challenges. Meanwhile, computing power provider CoreWeave's bond yields recently surged to around 15%, and its credit default swap (CDS) risk soared to approximately 953 basis points, implying about a 55% chance of default within five years, raising market concerns about its excessive leverage. Leaked financial data from large language model giant Anthropic showed its third-quarter revenue reached $16.8 billion, with a net revenue retention rate of 900%, and it is preparing for an IPO around Thanksgiving this year at a valuation of approximately $2 trillion.
18:07
Hong Kong's new property market is seeing a surge in new launches, with developers like Sun Hung Kai Properties planning to release more units.
Hong Kong's residential market is expected to see more new project launches in the coming days and weeks, following the sell-out of over 360 apartments across two major projects over the weekend. Among them, Sun Hung Kai Properties plans to launch 152 apartments from Phase 2C(2) of its Sierra Sea project in Shap Sze Heung (between Sai Kung and Ma On Shan) this Wednesday (October 21). Additionally, Swire Properties and Chinachem Group have announced plans to redevelop three buildings in Taikoo Place into a premium Grade A office tower.
18:05
Al Jazeera reported that a Palestinian was shot dead by Israeli forces in the Beit Lahiya area of northern Gaza.
17:56
Egyptian President Sisi chaired a meeting of the National Defense Council, pledging "all necessary support" to Saudi Arabia and strengthening diplomatic efforts.
Egypt's National Defense Council, chaired by President Sisi, convened and stated it would provide "all necessary and possible support" to Saudi Arabia to "defend its security and stability," Al Jazeera reported. The council emphasized "full support" for Saudi Arabia in defending its resources, territorial integrity, and Islamic holy sites. Additionally, the presidential office added that Cairo would intensify diplomatic efforts to de-escalate regional tensions.
17:44
Sudan's Civil War Causes Soaring Drug Costs, Forcing Citizens to Choose Between Food and Medicine
According to Al Jazeera, Sudan's three-and-a-half-year civil war has led to a sharp increase in drug costs, forcing many chronic disease patients to choose between buying food and medicine. The United Nations Development Programme (UNDP) noted that the war has set Sudan's income levels back to the 1990s. The civil war has also caused approximately $500 million in damage to Sudan's pharmaceutical supply system, including inventory, infrastructure, and transportation fleets. Of the 30 pharmaceutical factories in the capital Khartoum, only 8 have resumed operations, exacerbating the reliance on imported medicines. Meanwhile, the Sudanese pound has depreciated against the US dollar on the black market from approximately 600:1 before the war to 9300:1, further driving up drug prices and making daily essential medicines unaffordable for many patients.
17:44
Yemen Conflict Escalates, Causing Casualties and Deepening Humanitarian Crisis: Over 230,000 Displaced, Taiz Hospital Has Only 4 Days of Fuel Left
Al Jazeera reported that Yemeni government forces and Houthi rebels clashed fiercely on multiple fronts, resulting in casualties on both sides. On Saturday, eight government soldiers were killed in Lahij province, and 12 Houthi fighters were killed in Taiz province. Meanwhile, the humanitarian crisis continues to deepen, with International Organization for Migration data showing that the conflict has displaced over 233,000 people, including approximately 121,000 in Taiz province alone. The World Health Organization warned that 12 hospitals in Taiz city have only four days' worth of fuel remaining and face severe shortages of surgical supplies, oxygen, and medicines, with the cholera epidemic worsening. Additionally, the conflict has spread to East Africa, with the UNHCR confirming over 4,000 refugees have arrived in the region, and Djibouti refugee camps reporting 31 cholera cases and one death. The UK Maritime Trade Operations (UKMTO) reported that an LNG tanker was attacked by armed individuals off the coast of Al Mukalla, Yemen. The tanker returned fire, forcing the attackers to withdraw.
17:40
Chinese AR manufacturer Rokid opens smart glasses unmanned retail flagship store in Hong Kong.
The store, which opened on Thursday at Harbour City in Hong Kong, is the first unmanned retail model in the global smart glasses industry. Zoro Shao, Vice President and Head of International Business at Rokid, stated that during the trial operation, the store sold 5 to 6 wearable devices daily, priced at HK$4,688 (approximately US$599), significantly exceeding internal expectations.
17:32
The Wall Street Journal commented that the volatility in AI stocks reminds the market that "this time is no different," as artificial intelligence development has not avoided the problems faced by past large-scale capital projects.
17:30
SEC Chair Atkins Reaffirms Push for Comprehensive Crypto Rules
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has reiterated the agency's dedication to a comprehensive crypto regulatory regime, despite recent legislative challenges in Washington, D.C. Atkins praised outgoing White House Crypto Council Executive Director Patrick Witt's efforts in advancing the Trump administration's vision for crypto dominance. He affirmed the SEC's commitment to establishing a "common-sense, comprehensive crypto market structure" in the U.S., especially after the Digital Asset Market Clarity Act (CLARITY Act) failed to pass the Senate on September 15. Atkins had previously announced temporary regulatory relief for tokenized stock trading in September, emphasizing the need for more rulemaking.
17:28
A Chinese suspect, allegedly involved in cryptocurrency and foreign exchange transactions through 133 accounts, providing services to an international criminal network valued at $75 million, has been arrested in Bangkok.
17:19
GCC Secretary-General calls on the international community to take a clear stance on Houthi attacks in the Gulf region.
GCC Secretary-General Jasem Mohamed Albudaiwi called on the international community to take a "clear, international stance" against the Houthi attacks in the Gulf region. He stated that repeated attacks on GCC countries cannot be ignored and emphasized that the security of Saudi Arabia is an integral part of the GCC. Albudaiwi also urged Iran to comply with international law and called on the international community to fulfill its commitments.
17:02
Iran's new defence minister warns US of “surprising and extensive” response
Mehrdad Akhlaghi Ketabchi, after securing a vote of confidence in the Iranian parliament and becoming the country’s new defence minister, warned the US against “another miscalculation”. He stated that if the US commits such an error, “the response from the proud Iranian nation and the warriors of Islam will be both surprising and extensive,” adding that regional and global consequences would rest solely upon the US government and its allies. Ketabchi also noted that Iran’s defensive capabilities have been refined since the 12-day war, altering enemy assessments.
17:01
HDFC Bank Limited (HDB) Q2 Earnings: Revenue of $13.42 billion beats expectations.
Revenue: $13.42 billion, market expectation $4.92 billion
Reporting period: Q2 FY2027 (ended September 30, 2026)
Release date: October 17, 2026
16:48
Gaza's Civil Defense Department called on the international community to provide urgent assistance to retrieve bodies from under the rubble of Israeli attacks.
The spokesperson for the Gaza Civil Defense told Al Jazeera that they are working to recover bodies from under the rubble of buildings destroyed by Israeli attacks, and called on the international community to exert pressure to ensure the entry of emergency supplies and rescue teams. The spokesperson noted that rescue workers face life-threatening dangers due to a lack of protective equipment, and that dozens of excavators, bulldozers, and other equipment are needed to complete the recovery work.
16:44
Al Jazeera: Israeli attack on Gaza Strip kills 1 Palestinian, injures 4
One Palestinian was killed in an Israeli army raid in Khan Younis, in the southern Gaza Strip, Al Jazeera reported. Separately, four other Palestinians, including a girl, were wounded in an Israeli drone attack in western Gaza City, according to emergency services sources.
16:38
Iranian Foreign Minister Araghchi stated that Iran does not accept coercion, threats, or intimidation, but remains ready for dialogue based on mutual respect and credible assurances.
Iranian Foreign Minister Araghchi stated at this morning's Organization of Islamic Cooperation (OIC) meeting in Baghdad that Iran is "always steadfast" in international law, adding that "keeping channels of dialogue open is not weakness, but a responsibility." He noted that the United States has chosen the opposing path of "aggression, threats, assassination, and economic warfare," openly disregarding international law and the UN Charter. Araghchi emphasized that Iran does not accept coercion, threats, or intimidation, nor will it abandon its sovereign rights under pressure, but remains prepared for dialogue based on mutual respect and credible assurances.
16:34
Justin Sun Sold 80-90% of His ETH Holdings at $3,600-$4,000, Then Heavily Invested in US Stocks on Oct 16
Justin Sun stated in an interview with William Joy on October 16, 2026, that he had sold 80-90% of his Ethereum (ETH) position at around $3,600-$4,000, retaining only a core holding, and had not bought back in as of the interview. He noted that ETH appeared to have formed a fragile double top, prompting his sharp reduction in position, while his core Bitcoin holdings remained untouched. Subsequently, he heavily invested in US stocks, anticipating capital to concentrate in that market.
16:13
Iran's FM Araghchi tells Iraqi PM al-Zaidi that US "repeatedly disrupted" diplomacy to end war
Iran's Foreign Minister Araghchi met with Iraq's Prime Minister al-Zaidi on the sidelines of an OIC foreign ministers meeting in Baghdad. Araghchi stated that the US has "repeatedly disrupted" diplomatic processes to end the war by breaking agreements and resorting to force. He also stressed the importance of the OIC addressing issues in the Muslim world, particularly Palestine, and called for expanded Iran-Iraq relations. Araghchi added that Israeli "occupation and expansionism" are the main sources of insecurity in West Asia. The talks also covered the Saudi–Yemeni conflict and efforts to end the maritime blockade of Yemen.
16:13
Iran's FM Araghchi at OIC Summit: Backs Yemen/Saudi Sovereignty, Struck US Bases
Iran's Foreign Minister Araghchi stated at the OIC summit in Baghdad that Iran supports the sovereignty, independence, unity, and territorial integrity of Yemen and Saudi Arabia. He emphasized that lasting peace cannot be achieved through military escalation or by excluding relevant Yemeni parties, advocating for an inclusive political process. Araghchi clarified that Iran has never attacked its neighbors, but rather attacked and destroyed US military bases and facilities located in the region.
16:11
Goldman Sachs data shows hedge funds' gains "halved" this year, with global AI stocks experiencing six consecutive days of extreme net selling.
Goldman Sachs Prime data shows that hedge fund year-to-date gains have more than halved from their June peak, impacted by a wave of AI trade reversals. Among these, Asian fundamental long/short funds saw a 7% decline this month, with year-to-date gains falling from 40% to 16%. Global AI stocks have experienced net selling for six consecutive trading days, with the cumulative net flow Z-score dropping below -3, representing the most extreme position reduction since the launch of ChatGPT. Goldman Sachs analyst Mark Wilson warned that any rebound in AI stocks would merely be a position-repair rally until junk-rated AI assets, represented by CoreWeave, stabilize.
15:35
Cardano Founder Hoskinson Developing New Programming Language for Blockchain
Cardano founder Charles Hoskinson has revealed he is personally developing a new programming language for the blockchain, which he says will be the first of its kind to enable intents and proof-carrying data (PCD) via Groth16 proofs. Hoskinson believes this new language, along with a concept he's working on for Midnight (a partner blockchain focused on privacy), will solve most problems in the cryptocurrency space and be the "magnum opus" of his career. He did not share details on the language's name, specifications, or release timeframe.
15:19
Crypto Traders Lost $52M in 10 Minutes on Chip-Stock Contracts While Wall Street Was Shut
A sudden wave of selling on Saturday wiped out nearly $52 million in crypto traders’ leveraged bets on chip-stock perpetual futures within 10 minutes, while U.S. markets were closed for the weekend. The forced liquidations, totaling $51.6 million according to CoinGlass data, occurred between 21:22 and 21:32 UTC, with approximately $38 million from long positions. SOXL, SanDisk, and SK Hynix contracts were among the hardest hit, with losses of $12.7 million and $10.8 million each, respectively. The selling reportedly began on Binance, quickly spreading to other crypto exchanges like Hyperliquid.
15:16
Israel-Europe ties fray further after settler attack on diplomats; election unlikely to mend rift
Israel's relations with Europe continue to deteriorate amid mounting condemnation over its actions in Gaza and recent settler attacks on European diplomats and officials in the occupied West Bank. Experts suggest that the upcoming Israeli election on October 27 offers little prospect of a material change, as even Netanyahu's main challengers oppose Palestinian statehood. Public opinion in Europe has increasingly turned against Israel, with countries like Ireland and Spain leading criticism and Britain imposing bans on goods from illegal settlements.
15:02
Trump's Treasury Department formally withdraws 2020 crypto privacy rule proposal
The Trump administration has formally withdrawn a plan proposed by Steven Mnuchin's Treasury Department on December 18, 2020, which would have required crypto exchanges and other financial institutions to collect more information about transactions involving self-controlled wallets. The original proposal had generated thousands of objections and aimed to extend banking rules into the crypto space by imposing reporting requirements on transactions exceeding $10,000 and additional recordkeeping for those over $3,000, including collecting counterparty information.
15:02
Germany and France have unveiled a joint "Made in Europe" stance for the automotive industry: tightening the definition to include only the 27 EU member states and requiring R&D, aiming to pressure Chinese car manufacturers to invest and produce in Europe.
14:43
Vessel attacks in the Strait of Hormuz surge, with UKMTO reporting 14 incidents in a week, the highest since the US-Israel war against Iran.
The UK Maritime Trade Operations (UKMTO) reported two vessel attacks off the coasts of Yemen and the UAE on Monday morning. This follows earlier statements from Iranian security forces that at least three vessels caught fire on Saturday, with two striking mines in and near the Strait of Hormuz. UKMTO noted that at least 14 vessels were attacked between October 8 and 14, marking the highest weekly total since the outbreak of the US-Israel war with Iran. The total number of maritime security incidents has reached at least 149 since March 1. Additionally, the US Central Command stated that the naval blockade of Iranian ports continues, with at least 138 vessels rerouted since the blockade was reinstated.
14:32
Ripple's Head of Engineering Reacts to AI Solving Decades-Old Cryptography Mystery
J. Ayo Akinyele, Ripple's Head of Engineering, commented on Anthropic's Claude AI resolving a 25-year-old cryptography enigma. The AI discovered the origins of popular NIST elliptic curve parameters, which had long been speculated to contain potential NSA backdoors. Claude found that the seeds were generated using the lrand48 pseudorandom number generator. Akinyele noted this breakthrough offers reproducible evidence and reduces the likelihood of intentional weakening of these specific NIST curves.

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