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10/23
08:57
SK Hynix, a South Korean chipmaker, announced on Friday that it has abandoned plans for an initial public offering (IPO) of its subsidiary Solidigm in the United States, causing its shares to fall as much as 3% in the Seoul market.

SK Hynix stated that Solidigm will suspend its review of potential IPO options after evaluating recent capital market conditions and stock price trends. This move comes amid increased volatility in financial markets and a general pullback in semiconductor stocks. Previously, South Korean financial regulators had indicated that Solidigm's listing in the U.S. might violate South Korean regulations restricting dual listings. SK Hynix emphasized that Solidigm's investment needs remain unchanged and it will continue to explore other financing options to support its growth and enhance shareholder value. This news comes as U.S. tech stocks face pressure from AI spending concerns, with the Nasdaq Composite Index falling 2.6% on Thursday, and chip stocks like NVIDIA and AMD also experiencing significant declines.
08:50
SpaceX disclosed on Thursday that its stake in Elon Musk's Boring Co. generated $561 million in investment income for the third quarter. This gain accounted for more than half of SpaceX's "other income" for the period, pushing its net income above $4 billion.
08:41
★★★★★Previous 51.3Forecast --Actual 52
08:41
★★★★★Previous 54.1Forecast 54.5Actual 53.3 Below forecast↓
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★★★★★Previous 52.3Forecast --Actual 52.3
08:32
Israeli artillery attacked the outskirts of several towns in southern Lebanon, including Mayfadoun and Zawtar ash-Sharqiyah in the Nabatieh district, as well as Baraachit and Wadi al-Salouqi near the Israeli border, according to Lebanon's National News Agency. Baraachit and Haddatha had previously been attacked. Additionally, Israeli forces continued large-scale clearing operations in the town of Khiam, with no casualties reported so far.
08:22
U.Today analysts note a return of volatility to the crypto market, but with subdued sentiment. Monero (XMR) shows strong performance, trading near $629 and having broken through the key resistance level of its September high of $635, doubling from its July low. However, Stellar (XLM) is trading around $0.1777, down approximately 25% from its September high and below all major moving averages, facing a support test at $0.172. Bitcoin (BTC) is fluctuating around $81,500, failing to break its intraday high and currently near the bottom of its $80,000 range. Hyperliquid (HYPE) is under pressure around $78.17, down approximately 20% from its September high, and has repeatedly tested the key support level of $77.60.
08:05
According to a BofA Global Research report, Hong Kong's offshore RMB bond market is becoming an increasingly important funding source for global banks, with Bank of America being a major driver of the surge in issuance. As of October 20, Dim Sum bond issuance reached RMB 774 billion (approximately USD 116 billion), a 68% year-on-year increase. Although the traditional funding advantage of RMB relative to the USD is narrowing, its appeal to Bank of America is increasingly reflected in its ability to access Chinese capital. The report noted that financial institutions accounted for 57% of total issuance, with foreign financial institutions issuing RMB 333 billion, a 169% year-on-year increase. Bank of America led this issuance boom, raising RMB 167 billion. Year-to-date, U.S. global systemically important banks have raised the equivalent of USD 22 billion through offshore RMB bonds, making RMB the third-largest funding currency after the USD and EUR, surpassing the GBP.
08:04
AI-linked stocks drove $138 billion in gains across 13 public-pension funds since 2022, helping them dig out of losses from the last financial crisis. This comes as politicians are turning against AI.
08:00
Etsy has banned the sale of AI-generated recipes and patterns on its platform, as part of a broader push to establish clearer rules for AI usage. The company will also prohibit bot-generated listings without human involvement and require sellers to show actual items made from instructions. Etsy stated that AI threatens to erode buyer and seller trust, but AI-generated art will still be allowed if sellers disclose its use and play a clear role in its creation.
07:59
The Pentagon has prohibited U.S. military personnel from using military information to place bets on prediction markets. This follows warnings that such wagers could expose military operations to adversaries.
07:50
The XRP Ledger (XRPL) has recovered from intermittent transaction processing delays, following an abnormal ledger close time on October 21. XRPL Operations confirmed on October 22 that ledger close times have returned to normal after network operators implemented recommended configuration changes.

Meanwhile, a critical security amendment (fixCleanup3_4_0) aimed at fixing vulnerabilities in financial applications such as token permissions and lending has encountered a setback, with its activation postponed until November 4. The amendment was originally scheduled for activation on October 23, but its activation countdown was reset after validator support briefly fell below the required 80% supermajority threshold. XRPL contributor Vet confirmed that this amendment is unrelated to the recent network delays.
07:46
Palmer Luckey, co-founder of Anduril and entrepreneur, has unveiled a new start-up that plans to clone and genetically edit working canines for military use. The company was conceived by Ben Lamm.
07:45
Australia's Victoria state has approved the production license for a A$1 billion ($700 million) natural gas project, aiming to help avoid a forecast gas shortage.
07:43
L'Oreal CEO Nicolas Hieronimus stated that the rise in GLP-1 weight loss drugs is "a very important phenomenon" impacting beauty and skin care consumption. The company is designing products through brands like SkinCeuticals and Kiehl's to target side effects of rapid weight loss, such as loose skin. L'Oreal also increased its stake in dermatology firm Galderma to 20% last December, with both companies testing products on GLP-1 users.
07:39
★★★★★Previous 1.9%Forecast --Actual 2.1%
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★★★★★Previous 0.1%Forecast --Actual 0%
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★★★★★Previous 1.7%Forecast 2.1%Actual 2.1% In line with forecast

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