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10/19
14:10
Days before his arrest, the suspect in the OpenAI wiretapping case was still in frequent communication with members of the Saudi royal family, and prosecutors revealed that his wife and children's departure flights were arranged by the Saudi government.
U.S. federal prosecutors revealed in court documents unsealed on Sunday that Abdulrahman Alfozan, a Saudi national accused of installing a recording device at OpenAI headquarters, was in frequent communication via WhatsApp with a Saudi royal family member in the days leading up to his arrest. This royal family member had attempted to recruit Alfozan to join Saudi Arabia's AI program and had booked outbound flights for Alfozan's wife and children.

Alfozan was arrested on October 9 and charged with attempted interception of oral communications, facing a maximum of five years in prison. Prosecutors stated in the documents that evidence found on Alfozan's iPhone showed he inserted a covert recording device behind a television in an OpenAI executive conference room on September 28. This room is frequently used for discussions of highly confidential technical, business, and strategic information. Prosecutors argue that Alfozan's actions could pose a threat to U.S. national security and that he presents a flight risk due to his connections and resources with a foreign government, therefore requesting that he be denied bail.
14:08
Cloudflare Executive: AI Makes Cyberattacks Cheaper, Harder to Ignore
Volker Rath, Field CTO at Cloudflare, stated that AI is changing the tactics of cybercriminals, enabling them to launch sophisticated cyberattacks, even if the primary goal is to delay security teams. He noted that what used to be relatively small "smoke screen" attacks have now escalated into full-blown cyberattacks due to AI enablement.
14:08
SK Hynix has launched a 2 trillion won ($1.5 billion) financing plan to support South Korean chip suppliers and strengthen the supply chain.
SK Hynix announced on Monday that it has launched a 2 trillion Korean won (approximately $1.5 billion) financing program with several major commercial banks and the Korea Trade Insurance Corporation (K-SURE). The program aims to help domestic semiconductor suppliers secure affordable funding and strengthen South Korea's chip supply chain. SK Hynix CEO Kwak Noh-jung, Korean Industry Minister Kim Jung-kwan, and representatives from K-SURE and four major banks (Hana, KB Kookmin, Shinhan, and Woori) attended the signing ceremony.
14:04
Despite Beijing's 20% overseas property tax, mainland Chinese residents remain a key driver of Hong Kong's housing market.
Chinese investors remain a key driver of Hong Kong's property market, despite the Chinese government's 20% tax on rental income and capital gains from overseas properties held by mainland residents via offshore trusts or overseas holding companies, agents say. China's Ministry of Finance and State Taxation Administration announced the new rules in July, providing a 90-day compliance window that closed on October 22. Some agents noted that the Hong Kong property market has quickly absorbed the impact of the new tax rules, with Hong Kong residential property transactions rebounding 18.5% in September, and total value increasing by 29.3%.
14:02
Indian chemical companies are seeking foreign partnerships to overcome insufficient purification technology and customer acquisition, aiming to enter the country's multi-billion dollar chip supply chain.
14:01
Kioxia's market capitalization has evaporated by nearly 40 trillion JPY, with its stock price plummeting 16% last Friday and falling out of Japan's top three by market cap, due to the fading AI storage narrative and the rise of Chinese NAND manufacturers.
Kioxia, Japan's leading NAND flash manufacturer, is undergoing a dramatic valuation restructuring. The company's market capitalization has evaporated by nearly 40 trillion yen ($253 billion) from its historical high of 60 trillion yen ($380 billion), shrinking to about one-third of its peak. Kioxia's stock price plunged as much as 16% intraday last Friday, accumulating a decline of over 52% from its high last month, and its market cap ranking has slipped from first to fourth in Japan. Yugo Tsuboi, chief strategist at Daiwa Securities, stated that the market is repricing the AI storage premium and is concerned that the rise of Chinese NAND manufacturers could stabilize global storage prices.
13:52
South Korean Regulators Believe SK Hynix Subsidiary Solidigm's Potential US IPO Would Violate Dual-Listing Rules
South Korea's Financial Supervisory Service (FSS) Governor Lee Chan-jin stated on Monday that both the FSS and the Financial Services Commission (FSC) view a potential US listing by SK Hynix's subsidiary Solidigm as a violation of dual-listing restrictions. However, authorities have yet to determine whether they can intervene in the matter. Lee's remarks were made during a parliamentary audit.
13:51
Wu Blockchain: Last week, Bitcoin spot ETFs saw a net outflow of $229 million, with BlackRock's IBIT experiencing an outflow of $165 million. Ethereum spot ETFs recorded a net outflow of $320 million, marking the third consecutive week of outflows.
Wu Blockchain: Last week, Bitcoin spot ETFs saw a net outflow of $229 million, led by BlackRock's IBIT with $165 million in outflows. Ethereum spot ETFs experienced a net outflow of $320 million, marking the third consecutive week of outflows. The aforementioned data covers the period from October 12 to 16, Eastern Time.
13:48
Ripple's David Schwartz Predicts Major DeFi Breakthrough on XRP Ledger by 2027
Ripple CTO Emeritus David Schwartz hinted at a major breakthrough in XRP Ledger-based decentralized finance (DeFi), predicting a retail-friendly environment by 2027 where institutions and retail users will converge on the DEX. He noted that tokenization is gaining momentum and regulatory hurdles are diminishing, adding that Ripple's acquisitions and customer onboarding, alongside XRPL's compliance and privacy amendments, are building significant tailwinds.
13:32
LG Group on Monday began a month-long business review, focusing on AI, investment efficiency, and global technology cooperation to formulate its 2027 strategy.
LG Group began a month-long business review on Monday, focusing on AI, investment efficiency, and global technology cooperation to formulate its 2027 strategy. LG Corp. CEO Koo Kwang-mo will lead the meetings, evaluating this year's performance and setting next year's priorities.
13:29
First Batch of China Fund Q3 Reports Released: Fund Managers Generally Bullish on Equity Assets Long-Term, but Positions and Performance Show Significant Divergence
The first batch of Q3 2026 reports for China's active equity funds has been disclosed. The reports show that fund managers generally maintain an optimistic "long-term bullish" view on equity assets, but actual operations reveal significant differences in position management and structural adjustments, leading to divergent performance. Among them, Jinxin Shenzhen Growth Hybrid achieved an outperformance of 9.71 percentage points, with new additions like BYD to its top holdings. Dongcai Agriculture Smart Selection Hybrid (Initiated) rapidly built up its equity positions to 92.19% within 44 days, with its net asset value growing by 2.77%. Jinxin Premium Growth Hybrid saw a decline of 31.65% but received net subscriptions of 51 million units and increased its holdings in core components for lithography processes. Southern Hong Kong Stock Healthcare rose by 18.49% while reducing its equity positions by 19.53 percentage points, significantly increasing holdings in pharmaceutical stocks such as Asymchem and Wuxi AppTec.
13:28
Zcash developers plan a fix to keep ZEC swaps private from future quantum computers
13:25
South Korea Finance Officials to Meet Major Crypto Exchanges on Tuesday Amid Calls for Two-Year Crypto Tax Delay
13:21
Lookonchain: Tron ranks No. 1 among all chains in 24-hour, 7-day, and 30-day revenue, with its monthly revenue reaching $23.41M.
13:16
Rising interest rates and surging bond yields derail property recovery, forcing buyers to recut deals
The property sector is reportedly in a 'dire' mood as surging bond yields threaten deals agreed just a few months ago.
12:58
XRP Ledger validators set to deploy bug-fix patch for lending system by Friday, though system still lacks approval
A batch of bug fixes, including some for the lending system Ripple has proposed to banks, is set to go live on the XRP Ledger this Friday, October 23. The patch, called fixCleanup3_4_0, had exactly 29 validator votes as of Monday, meeting the 80% threshold needed for approval. However, the lending system itself and its associated vaults are still short of the required 29 votes, meaning lending functionality cannot go live before early November at the earliest. The patch also closes a loophole that could allow accounts to create new tokens despite being restricted to burning them.
12:57
South Korean shipbuilder HD Hyundai tested uncrewed naval vessel technology off California, marking its first such demonstration in US waters
South Korean shipbuilder HD Hyundai announced Monday it successfully tested new uncrewed surface vessel technology off the coast of Long Beach, California. This demonstration, conducted in partnership with US defense technology firm Anduril Industries, marks the first such event by a South Korean company in US waters, as HD Hyundai aims to tap into rising naval demand globally.
12:57
Wheat Futures Rise as Ukraine-Russia Strikes Stoke Supply Fears
12:53
On-chain data shows US-listed Bitcoin miner MARA Holdings deposited 1,000 BTC ($82.8M) into Binance and Gate over the past 5 days, appearing to sell its holdings.
12:46
Indonesian wildfires threaten hundreds of millions in carbon credit projects
Indonesian wildfires are threatening four recently launched carbon credit projects, which aim to protect 225,000 hectares of forest and peatland by preventing greenhouse gas emissions to sell carbon credits worth hundreds of millions of dollars. One such project is the Katingan Mentaya Project in Central Kalimantan province.
12:34
China Sep Unemployment Rate
★★★★★Previous 5.3%Forecast 5.3%Actual 5.2% Below forecast↓
12:34
China Sep Industrial Production YoY
★★★★★Previous 5.2%Forecast 5.4%Actual 5.5% Above forecast↑
12:34
China Sep Retail Sales YoY
★★★★★Previous 0.4%Forecast 0.5%Actual 1.1% Above forecast↑
12:34
China Q3 GDP Growth Rate QoQ
★★★★★Previous 0.9%Forecast 1.1%Actual 1.2% Above forecast↑
12:32
China Q3 GDP YoY
★★★★★Previous 4.3%Forecast --Actual 4.5%
12:30
South Korea's LG CNS was named a "Major Player" in agent-based AI workplace solutions by IDC.
LG CNS of South Korea has been recognized by IDC as a "Major Player" in agentic AI workplace solutions, becoming the first Korean company to achieve this designation in a global digital workplace services evaluation. IDC acknowledged 19 technology companies, including LG CNS, in its 2026 assessment, with evaluation criteria covering capabilities, strategies, customer feedback, and service competitiveness.
12:29
Violence stemming from cost-of-living protests in France over the weekend has escalated into nationwide looting and arson, raising alarms in several European countries, with at least six European nations holding elections next year.
12:25
Foxconn and Mitsubishi Electric form 50-50 joint venture for global EV platform business
12:23
The Bank of England is reviewing Barclays following complaints that it underestimated the risks of derivatives used to finance private credit loans.
12:05
Vitalik Buterin: Precompiles and EVM are the wrong place for most cryptography support in Ethereum due to limited calldata space, with a practical cap of ~8 MB/s
Vitalik Buterin stated that precompiles and EVM are the wrong place to put most cryptography support into Ethereum. He explained that both operate on data that must be included into the Ethereum chain as calldata, a space that is limited to a practical cap of approximately 8 MB/s, even with PeerDAS and blocks-in-blobs.

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