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10/19
23:13
The World Food Programme (WFP) announced on Monday that it would cut the number of monthly food aid recipients in the Gaza Strip from 1.6 million to 1.1 million due to funding shortages, leaving approximately 500,000 people without support. Concurrently, the aid agency will halve food rations and reduce hot meals and cash assistance. This move comes as Israel closed Gaza's border crossings last Wednesday, leading to severe shortages of staple foods such as eggs, flour, and onions, soaring prices, and exacerbating local food insecurity. The Gaza government media office warned that the WFP's cuts would expose hundreds of thousands to a more severe food crisis and called on the United Nations and the international community for urgent funding, while also demanding Israel open all crossings to allow humanitarian aid to enter.
23:05
Zerohash has introduced AUTH, a service that simplifies digital asset transactions by allowing users to move crypto between linked accounts without needing to copy wallet addresses or select a blockchain network. The tool supports over 600 connections, including major platforms like Coinbase, Robinhood, and Gemini. This launch comes as Zerohash is seeking to expand its regulatory standing, with a pending application for a national trust bank charter.
23:03
Pakistan has halted trade with Iran at the Taftan and Gabd-Rimdan crossings in Balochistan province since Saturday, leaving approximately 2,000 freight trucks stranded. Pakistani officials describe the move as a temporary security measure to improve border management and support counterterrorism efforts. However, Iran's Foreign Ministry spokesman attributes the suspension to technical issues and the necessity of implementing precautionary measures. The decision comes as Pakistan mediates between Iran and the US amid ongoing conflict and US sanctions against Iran, which have previously led to the blockade of Iran's southern ports.
23:02
Unilever has reached an agreement to sell its Welly bandage business to Forward Consumer Partners. The private-equity firm is acquiring the company, known for its colorful bandages, and plans to bring back its founder as an adviser.
22:40
Jennifer Lee, Senior Economist at BMO Capital Markets, believes that despite initial strong inflation data from last week, the details suggest a narrowing of inflation breadth. Traders anticipate the PCE inflation report later this month will show a similar trend, leading to the Federal Reserve remaining on the sidelines.
22:27
Hyperliquid Policy Center has submitted comments to the U.S. Securities and Exchange Commission (SEC) regarding its proposed crypto asset regulations, calling on the SEC to clarify free token airdrops, expand the scope of secondary trading for exempted tokens, extend safe harbors, and clarify token repurchase rules. The SEC's proposal includes an exemption for startup token offerings up to $5 million over four years, and an exemption for qualified fundraising up to $75 million in any 12-month period.
22:17
Zcash cofounder Eli Ben Sasson has publicly backed Ethereum cofounder Vitalik Buterin's approach to making Ethereum quantum-ready. The ongoing debate on X, also joined by Delphi Labs GC Gabriel Shapiro, centers on lattice versus hash-based cryptography in blockchain design. Buterin's strategy involves fully replacing BLS signatures with hash-based signatures (a variant of Winternitz) and using STARKs for aggregation, while potentially utilizing lattice cryptography for accounts and wallets through a precompile if it proves AI-secure. Ben Sasson agreed, stating, "this is the right way for Ethereum."
22:16
Worldwide recycling capacity for EV batteries remains underused as the anticipated switch to electric vehicles has been slower than expected, with the supply chain becoming concentrated in China.
22:03
U.S. homebuilder sentiment fell to 29 in October, marking its lowest level since June 2012. This decline occurred as mortgage rates climbed above 7%. A record-high 43% of builders cut prices, with average discounts of 6%, while nearly two-thirds offered sales incentives.

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