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10/23
21:36
Trump ordered to testify in $10bn BBC lawsuit, faces dismissal if uncooperative
A federal judge has ordered former President Donald Trump to testify under oath by December 11 in the discovery phase of his $10bn defamation lawsuit against the BBC. The judge warned that failure to cooperate with questioning could lead to the dismissal of his case. The ruling also rejected Trump's lawyers' attempts to postpone questioning until January and prevent the session from being filmed. Additionally, Trump's side was given 30 days to hand over relevant documents. The lawsuit centers on a BBC documentary which Trump alleges falsely portrayed him as directly encouraging violence at the Capitol.
21:35
China targets 2030 for national blockchain network buildout
21:33
Shiba Inu Community Seeks Musk's Attention Over Incorrect BONE Token Cashtag Display on X
Shiba Inu community member Mazrael discovered that the BONE token Cashtag on the X platform (formerly Twitter) displayed incorrect token information in old posts, potentially confusing users. Mazrael has tagged Musk, Grok, and crypto exchanges such as Coinbase, Kraken, and Gemini on X, urging them to address this issue. Currently, the genuine Bone ShibaSwap (BONE) token is trading at $0.054 on Ethereum, while the incorrectly displayed token's price is significantly lower.
21:32
Russia has dropped cluster bombs on Kyiv, while Ukraine claims to have recaptured 241 square kilometers of territory and accuses the United States of restricting its drone speed and missile defense capabilities.
Al Jazeera reported that on October 22, Russia dropped three ballistic missiles with cluster warheads on Kyiv, with one hitting an area between a church and a monastery, with Ukraine saying there were no military targets nearby. Ukrainian President Volodymyr Zelensky said that since this autumn, Ukrainian soldiers have recaptured more territory than Russia has seized. The Washington-based think tank Institute for the Study of War (ISW) noted that since September 1, Ukraine has made a net gain of 241 square kilometers (93 square miles) of territory, essentially offsetting all of Russia's territorial gains this year. Russia, in response, said it struck dozens of Ukrainian energy facilities and used cluster bombs. Ukrainian Prime Minister Serhiy Khoretskyi said that since taking office on July 16, Russia has attacked Ukraine's energy infrastructure 2,147 times.

Ukraine also accused the US of taking three actions detrimental to its defense, including suspending the Starshield satellite navigation system, which has left Ukrainian drones unable to fly faster than 150 km/h (100 mph), and withholding Patriot interceptors. In addition, US President Donald Trump signed an executive order on October 16 exempting Russian oil exports from sanctions in order to lower diesel prices, with Russia's first shipment of 40,000 tons of diesel set to be shipped to the US within the next two to three days. Trump said on October 22 that Starlink and Starshield services would soon be restored.
21:31
The Dow Jones Industrial Average is down 1.04% from its previous close, now at 52,318.73.
21:31
Parker Lewis Predicts Bitcoin Will Settle All Global Payments as $107 Trillion Debt Intensifies Credit System Strain
Bitcoin Magazine reported that author Parker Lewis believes that as $107 trillion in debt strains the credit system, merchants will shift to zero-fee payments, and ultimately Bitcoin will settle 100% of global payments. He cited the 2023 bank failures and merchants driving Bitcoin payment adoption by avoiding 3% credit card fees and chargebacks as the main basis for his view. On the macro front, he believes the Federal Reserve and the Treasury have lost control over long-term interest rates, and high mortgage and corporate refinancing rates signal that money printing will be the only way out.
21:31
U.S. fintech company Block launches its first nationwide Bitcoin advertising campaign, "Bitcoin Does."
U.S. fintech company Block has launched its first national Bitcoin advertising campaign aimed at mass consumers, "Bitcoin Does," designed to attract 60 million Americans who are curious about cryptocurrency but haven't yet entered the market. Explained by Block's Head of Bitcoin Marketing, Maria Pesce, the campaign focuses on showcasing Bitcoin's practical applications rather than technical details, responding to users' demand for "more honest money" and incorporating macro contexts such as inflation, bailouts, and private equity.
21:31
Bloomberg analyst Mike McGlone warns that Bitcoin could fall to $10,000, citing reasons such as depleted ETF funds, increased correlation with the stock market, Federal Reserve interest rate hikes, and macroeconomic headwinds.
21:28
BloombergNEF: Global Copper Shortage May Emerge from 2028, Supply-Demand Gap Could Reach 44% by 2050
BloombergNEF this week released a report stating that the global copper market will face a "large-scale, long-term shortage" starting in 2028, with the supply gap projected to reach 8% of demand by 2035 and further expand to 44% by 2050. The International Energy Agency had previously issued a similar warning. The report attributes the surging demand to the green energy transition, AI infrastructure expansion, and emerging market infrastructure development. However, it notes that long mine development cycles, declining ore grades, and insufficient investment are making it difficult for supply to keep pace. Copper prices on the London Metal Exchange hit a new historical high of $14,875 per metric ton last month, up 76% since the beginning of 2024, reflecting market expectations of tightening supply and demand. A copper shortage could drive long-term price increases, raise the cost of the energy transition, and constrain the development of related industries.
21:23
American Express was fined $350 million by the Office of the Comptroller of the Currency and the Federal Reserve for deficiencies in its anti-money laundering system.
The Office of the Comptroller of the Currency (OCC) and the Federal Reserve took enforcement action against American Express earlier this month, alleging deficiencies in its anti-money laundering system and imposing a $350 million fine on the company. American Express stated that the fine will not impact its previously issued full-year 2026 guidance or any 2027 outlook expectations, and the related regulatory orders do not impose an asset cap on the company.
21:23
American Express's Q3 card spending fell short of expectations, but the company raised its full-year earnings guidance and announced a roughly 5% reduction in its workforce, with shares down 2.7% in premarket trading.
American Express reported third-quarter billed business of $454 billion, falling short of analysts' expectations of $456.9 billion. The company attributed part of the shortfall to exiting several small business co-brand card partnerships. Concurrently, the company announced a workforce reduction of approximately 5% to enhance efficiency. Despite the pressure on spending, American Express raised its full-year adjusted earnings per share (EPS) guidance to $18.30-$18.60, up from the previous forecast of $17.30-$17.90. As of 7:34 AM ET on Friday, American Express shares were down 2.7% in premarket trading, at $316.33.
21:23
Bitcoin is currently trading at $81,615, with futures open interest surpassing $140 billion. Analysts believe it is poised to test the $90,000 mark.
21:16
Saylor retweeted that Fidelity Digital Assets' report referred to digital credit preferred shares as "Bitcoin's latest demand catalyst."
Saylor retweeted a post from @betirement, which noted that Fidelity Digital Assets released a report on Tuesday. The report referred to Digital Credit Preferred Stocks, such as $STRC and $SATS, as "Bitcoin's newest demand catalyst." @betirement stated that this week's video will delve into this report and its implications for income investors and retirees.
21:14
Yemeni government forces say they targeted Houthi military supplies with drones in al-Jawf
21:12
Canadian business jet manufacturer Bombardier plans to invest $270 million to expand its infrastructure footprint in the United States and hire 800 American workers.
21:07
New studies suggest next-gen family offices to take on more risk, debt, and alternatives, with 41% eyeing private equity/venture capital
According to new studies, the next generation of family office leaders is likely to use more debt, invest in more alternatives, and focus on different philanthropies. Specifically, 41% of Gen Z and millennial principals are expected to increase investments in private equity and venture capital. Additionally, 27% of family offices run by millennial and Gen Z principals are currently invested in sports teams, compared to 16% for boomers. Among next-gen family members aged 30 to 45, 84% are interested in leveraging credit to build wealth. Over three-quarters of next-generation principals also plan to support different charitable causes than their predecessors.
21:06
Phantom launches Kalshi prediction markets for US users
Phantom has rolled out Kalshi prediction markets to its US users, stating it is “confident and comfortable” amidst ongoing state lawsuits. Users will fund trades with CASH stablecoins, with market restrictions applied in Michigan, Nevada, and Washington.
21:05
Sources indicate that Ardshinbank, Armenia's largest bank, is exploring an initial public offering (IPO) in London.
21:02
China's CMOC Group's net profit surged by 68% in the first three quarters to 24 billion yuan, driven primarily by rising copper prices and increased production.
CMOC Group Ltd. announced a 68% year-on-year increase in net profit for the first nine months of this year, reaching 24 billion yuan (approximately $3.6 billion). This growth was primarily driven by copper prices nearing historical highs and an increase in the company's production. The company's net profit for the third quarter was 7.87 billion yuan, a 40% year-on-year increase.
20:57
GF Securities, in conjunction with multiple parties, has contributed 370 million yuan, and the Qingyue Technology Advance Compensation Special Fund has been officially established.
GF Securities announced that the company, in conjunction with Lixin Certified Public Accountants and Gao Yudi, the actual controller of Qingyue Technology, has officially established a special advance compensation fund for the Qingyue Technology incident. The initial capital contribution is 370 million yuan, and the relevant funds have been fully transferred to the special fund's supervisory account. This fund is primarily used to compensate eligible investors who suffered investment losses due to Qingyue Technology's fraudulent issuance and violations of information disclosure rules. If the final compensation amount exceeds 370 million yuan, the fund contributors will promptly make up the difference. This marks the first time that an actual controller has participated in funding an advance compensation practice on the STAR Market, which aligns perfectly with the China Securities Regulatory Commission's recent policy direction of strengthening investor protection.
20:56
Uniswap Labs launches aggregator Hooks, adding seven new trading sources, but 0x questions its protection against malicious Hooks.
On October 22, Uniswap Labs launched its aggregator Hooks on Ethereum, Base, and Robinhood Chain, allowing its web application and API to route trades through external liquidity sources such as Curve, Fluid, and PancakeSwap. However, a study by trade aggregator 0x in September reported that malicious Hooks in Uniswap v4 had issues with discrepancies between quoted and settled prices, with some trades settling for 50% less than quoted.

Uniswap founder Hayden Adams refuted 0x's criticism and promoted Uniswap's own API to avoid malicious Hooks. Dan Robinson of Paradigm also supported Uniswap's view, arguing that aggregators should vet Hooks themselves. 0x, however, questioned Uniswap's protective measures, claiming that malicious Hooks existed on its whitelist and citing a Robinhood Chain transaction where a malicious Hook extracted a portion of the fees. Uniswap updated its routing guidelines on October 16, and OpenZeppelin also audited specific router and peripheral changes on October 8.
20:52
Former Israeli Ambassador Alon Pinkas: Israelis "deep down" know the West Bank is "on the verge of explosion"
Former Israeli Ambassador Alon Pinkas stated that he does not believe the situation in the West Bank will affect Tuesday's election, as all these factors have already been priced into voting patterns. He noted that while Israelis like to deny the current state of the West Bank, deep down they understand that the region has become a "powder keg" on the verge of explosion. Pinkas also added that Israel's far-right National Security Minister Itamar Ben-Gvir and Netanyahu wish to instill a "permanent state of war" among Israelis.
20:45
New York Attorney General Seeks $1.37 Billion from NovaTech Founders, Announces Nearly $6 Million Settlement with Four Promoters
The New York Attorney General's office is seeking to recover $1.37 billion from the founders of the cryptocurrency Ponzi scheme NovaTech, following a default judgment in August 2025. Additionally, the Attorney General's office announced it has reached nearly $6 million in settlements with four promoters.
20:44
Israeli forces raided homes in Hebron and arrested three Palestinians.
Israeli forces arrested three Palestinians during multiple raids in Hebron, according to the Palestinian news agency Wafa. Soldiers raided several homes in Hebron before arresting the three individuals. Previously, Israeli forces had imposed a military siege on Hebron, closing all entry and exit points with iron gates.
20:43
The Israeli military announced that two soldiers were killed and three others were wounded in a shooting incident in Hebron.
The Israeli military announced that two soldiers from its rescue unit were killed in an attack in Hebron. The fallen soldiers were Staff Sergeant Ron Yonatan Roytman and Sergeant Yuval Shai Svilem, while three other soldiers from the same battalion sustained minor injuries. The injured have been transported to a hospital for treatment, and their families have been notified.
20:41
General Motors (GM) stock is poised for its worst weekly performance since 2025, yet Wall Street analysts are still recommending "buy the dip."
20:41
Changpeng Zhao: 99% of startup ideas are good, but 98% of teams lack execution.
Changpeng Zhao posted on X, stating that people often ask him if their startup ideas are viable, but he believes 99% of ideas are good as long as the team has strong execution. The problem, he noted, is that 98% of teams fail in execution. Therefore, he advises entrepreneurs not to pitch ideas, but rather to demonstrate their execution capabilities.
20:40
Singapore, Malaysia, and Thailand Central Banks Collaborate on Cross-Border Stablecoin Settlement; Ripple, Visa, Mastercard Among Participants
20:39
Brazil's annual inflation rate exceeded the target ceiling in early October, intensifying voter dissatisfaction ahead of Sunday's presidential runoff.
20:35
Bitcoin consolidates after 3% loss as AI fears spark fresh stock-market weakness
During Friday's Asia trading session, Bitcoin's price volatility cooled as stock markets faced renewed pressure from AI-related concerns.

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