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10/18
21:49
Egypt's Foreign Ministry announced that Foreign Minister Abdelatty discussed efforts to de-escalate regional military tensions with Pakistan's Foreign Minister, emphasizing the need to strengthen coordination within the regional quadrilateral framework, which includes Egypt, Pakistan, Turkey, and Saudi Arabia. Abdelatty also rejected the use of international straits as a tool for pressure.
21:48
Israel's restrictions on commercial goods imports to Gaza have entered their fifth day, leading to fears of food shortages and a sharp increase in the prices of basic goods. Residents report that staples like flour, eggs, and onions have seen significant price hikes, with eggs nearly doubling in cost. The UN Office for the Coordination of Humanitarian Affairs (OCHA) reported that as of September 2026, food prices in Gaza were, on average, 204% higher than pre-October 2023 levels. The halt in shipments stems from a dispute over fees between Israel, Palestinian merchants, and Hamas, though Gaza's Government Media Office denies imposing new taxes and accuses Israel of using the dispute to further restrict supplies.
21:23
While covered call ETFs are widely adopted by baby boomers for their promise of monthly income, they carry significant tax implications that can surprise investors. For instance, the JPMorgan Equity Premium Income ETF (JEPI) has a three-year tax cost ratio of 3.11%, meaning after-tax returns are reduced by over 3 percentage points annually for investors in the highest tax brackets. The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) shows a 4.30% ratio, while the Neos S&P 500(R) High Income ETF (SPYI) is at 0.48%.
21:06
Blockchain security firm Hacken reported that there were 107 crypto hacks in Q3, resulting in losses of $1.18 billion, a 55% increase from the previous quarter. Approximately $907 million (77% of total losses) was due to compromised vendors, uninstalled public security patches, or systems not covered by the latest security audits. Hacken noted that crypto audits often have a limited scope, failing to cover the systems actually attacked by hackers, leading investors to a false sense of security regarding audit results. The report cited cases such as the $352 million theft from Bitget and the $93 million loss due to "spy" chips implanted in Ledger hardware wallets.
21:06
Ryan Rasmussen, research director at crypto asset management firm Bitwise, stated that Bitcoin is poised to return above $100,000 by year-end, driven by institutional adoption and demand for hard assets. However, Adam Morgan McCarthy, research director at London-based crypto trading and market data firm LO:TECH, was more cautious, anticipating Bitcoin to trade within the $85,000 to $95,000 range until year-end, citing persistent pressure from macroeconomic factors such as inflation and high interest rates.
20:56
The European Union today condemned attacks by Israeli settlers on EU diplomats and Palestinians in the occupied West Bank, demanding full accountability from Israel. The foreign ministers of France and Belgium also condemned the attacks, calling on the Israeli government to arrest the perpetrators and ensure civilian safety. U.S. Secretary of State Rubio expressed "deep disturbance" over the attacks on American journalists, urging Israel to "combat" the violence. The attacks occurred during the Palestinian olive harvest season, with settler attacks already exceeding the total for 2025.
20:49
Shiba Inu (SHIB) spot flows have jumped over 200% in the past hour, but the net inflow for that period was approximately $35,000, which is a small amount relative to its nearly $2.93 billion market capitalization. This suggests the surge may be a short-term injection rather than a trend change. SHIB is currently trading near $0.00000499, down about 1.4% on the day and almost 8% on the week.
20:37
CryptoQuant CEO Ki Young Ju believes Bitcoin's on-chain investor cost basis would still support prices near $30,000, even if institutional investors unwind their accumulated exposure. This scenario would involve reversing roughly $58 billion in net inflows to US spot Bitcoin ETFs and selling the 1.3 million BTC publicly traded companies have accumulated. Ju's prediction, shared on X on October 16, contrasts with Bloomberg Intelligence strategist Mike McGlone's forecast of a potential fall to $10,000.
20:17
Iran's parliament on Sunday approved Mehrdad Akhlaghi as the new Minister of Defense, amidst escalating conflict between Iran and the United States. Akhlaghi brings 42 years of experience within the Ministry of Defense and related organizations, specializing in ballistic missiles, solid fuel propulsion, aerospace technology, and military industrial production. He has led several entities sanctioned by the US and UN, and participated in the development of precision-guided weapons such as the Sejjil and Zolfaghar series ballistic missiles, as well as the Almas missile and Yasin guided bomb. Akhlaghi stated that Iran is prepared to respond to US President Donald Trump's threats of using the "mother of all bombs," and warned the US to consider the manner of its troops' withdrawal from the region.
20:06
These AI-powered wearable devices, with their continuous listening and transcription capabilities, raise privacy concerns regarding surreptitious recording without consent. Legal experts note that even if the devices do not store the underlying audio, their continuous reception, interpretation of speech, and generation of summaries could violate state wiretapping laws, potentially exposing device wearers to civil or criminal liability.
20:05
According to CryptoSlate, a recent Ipsos poll shows that 69% of Democrats and 61% of Republicans oppose using prediction markets to bet on election outcomes, as well as on military actions and government policy decisions. The survey, conducted between September 30 and October 5 among 4,506 U.S. adults, suggests that the prediction market industry's defense of "providing better information" is insufficient to win public support. Furthermore, the Kalshi platform has previously fined and suspended congressional candidates for trading on their own campaigns, highlighting the potential risks of insider trading and election manipulation.
20:05
BitTorrent completed its first BTT token burn on October 16, destroying a total of 21,621,611,570,729.6 BTT, valued at approximately $7.6 million. The funds for this burn came from its decentralized service revenue. Concurrently, BitTorrent underwent a strategic brand upgrade, releasing a new whitepaper that established a three-pronged architecture: BitTorrent Mainnet, BTTInferGrid (decentralized computing layer), and BTTC (cross-chain interoperability and Layer 2), aiming for a full transition to Web3 and AI infrastructure.
20:03
Middle East security expert Talha Abdulrazaq told Al Jazeera that Saudi Arabia is unlikely to request military support from Egypt in the near term, even if the Egyptian parliament approves intervention. He believes Saudi Arabia might first seek help from Pakistan and Turkey, nations party to the Mecca Defense Agreement. Abdulrazaq explained that Egypt is more likely to deploy its forces to the Red Sea to cooperate with the Saudi navy in cutting off Houthi supply lines from the Horn of Africa. Houthi attacks on Red Sea shipping and the resulting loss of Suez Canal revenue threaten Egypt's critical foreign exchange sources; according to official data, Egypt lost approximately $7 billion between 2023 and 2024 due to this, accounting for about 60% of Suez Canal revenue.
20:02
Crypto companies like Binance and Coinbase collaborated with law enforcement in a crackdown on West African scam networks. During the operation, private sector partners flagged over $11 million in potentially frozen funds, while law enforcement reported cryptocurrency seizures without disclosing specific values. Authorities in Ghana and Nigeria arrested 28 individuals and identified 117 trafficking victims. Coinbase assisted in tracing illicit funds and providing intelligence during the operation, preventing potential losses exceeding $415,000. Meta also removed over 3.7 million social media accounts suspected of impersonating individuals to scam users in the US and UK.
19:40
A mass funeral was held on Sunday for 75 Palestinians whose remains were recently found under the rubble of homes and buildings destroyed in Gaza since Israel launched its war in October 2023. Most of the victims were from the Daraj neighbourhood in Gaza City, according to the Health Ministry.
19:36
XRP Ledger payment volume plummeted 72.3% to 119.5 million XRP on October 17, significantly below its 30-day average of 629.3 million. Data for October 18 shows a further 68.6% drop to approximately 37.5 million XRP so far, though the day is not yet complete. The report notes that both drops occurred on a Friday and Saturday, which are typically quieter days, but highlights that XRP's price is also under pressure, trading near $1.30 after falling below key moving averages.
19:24
Egypt's President Abdel Fattah el-Sisi has requested an emergency parliamentary session to approve defensive military aid to Saudi Arabia, following intensified Houthi attacks on the kingdom, including its capital and oil facilities. Parliament is scheduled to convene on Sunday afternoon (10am GMT) to consider the proposal, as Egyptian law requires parliamentary approval for the president to declare war or deploy troops abroad. The National Defence Council, chaired by el-Sisi, has pledged “all necessary and possible support” to Saudi Arabia. Analysts suggest any Egyptian assistance would be “strictly defensive,” focusing on air and missile defence, naval escort, and intelligence sharing, rather than ground troops in Yemen. The move also aims to protect the Suez Canal, which Egypt's foreign minister said has lost approximately $11 billion since Houthi attacks began in 2023.
19:17
Lebanese Foreign Minister Youssef Raji has called on Iran and its allies to “cease their aggressions against the Gulf Cooperation Council states and Jordan”. His statement comes a day after Raji had a “lengthy meeting” with his Iranian counterpart. Raji also condemned “persistent Israeli aggressions against Lebanon’s sovereignty and territorial integrity”.

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