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10/25
14:18
The Muslim World League strongly condemned the Houthi attacks targeting the Saudi holy cities of Mecca and Medina
The Muslim World League strongly condemned the Houthi attacks targeting the Saudi holy cities of Mecca and Medina. The Mecca-based organization stated that these attacks "disregard the danger of intimidating the feelings of over 2 billion Muslims, violating the values of our true religion and the most fundamental humanitarian principles." The League added that it fully supports the Kingdom of Saudi Arabia in taking all necessary measures to combat the group.
14:14
After Bitcoin fell below $80,000, prominent Bitcoin critic and gold advocate Peter Schiff warned that Bitcoin could drop further to $75,000
After Bitcoin fell below $80,000, prominent Bitcoin critic and gold advocate Peter Schiff warned that Bitcoin could drop further to $75,000. He noted that if this level fails to hold, it could trigger a larger decline. Previously, Bitcoin's price briefly fell to approximately $79,226 on Saturday, October 24, marking a new low in over a month. This decline led to a massive liquidation in the cryptocurrency market, with over $815 million in leveraged long positions liquidated within 24 hours. Meanwhile, US spot Bitcoin ETFs recorded a total net outflow of approximately $773 million on Thursday and Friday.
14:14
reiterating that Starlink must remain civilian in nature and can be used for military infrastructure, but not for offensive strikes
Musk retweeted a post quoting his earlier remarks, reiterating that Starlink must remain civilian in nature and can be used for military infrastructure, but not for offensive strikes. He warned that if an adversary were to destroy Starlink satellites, it would trigger a chain reaction, creating a large amount of debris and rendering space unusable.
14:07
The Korea Herald reports that the traditional correlation between the KOSPI and the Korean won is fading
The Korea Herald reports that the traditional correlation between the KOSPI and the Korean won is fading. In the past, their movements typically synchronized, as foreign investors selling Korean stocks and converting them to USD for repatriation would exert downward pressure on the won, and vice versa.
14:04
CryptoQuant data shows that as of October 24, Shiba Inu (SHIB) experienced a net outflow of 95.68 billion SHIB from exchanges
CryptoQuant data shows that as of October 24, Shiba Inu (SHIB) experienced a net outflow of 95.68 billion SHIB from exchanges, indicating a bullish reversal in trading activity where demand outpaced selling pressure. Despite a broader market downturn, SHIB's price has fallen over 5% in the past 24 hours, breaking below the $0.000005 support level and currently hovering around $0.000004815. Analysts believe that increased buying activity on exchanges is expected to drive a price rebound.
14:03
Israeli investment in Cyprus surged more than sixfold between 2017 and 2024, reaching €5.1 billion (approximately $5.9 billion)
Israeli investment in Cyprus surged more than sixfold between 2017 and 2024, reaching €5.1 billion (approximately $5.9 billion), while total foreign investment in Cyprus declined by a quarter during the same period. This trend is significantly impacting Cyprus's tourism and real estate markets, with nearly 600,000 Israeli tourists visiting last year, accounting for almost a quarter of all visitors in August. Furthermore, Israel's political influence is also evident in Cyprus, including the appearance of Israeli opposition leader campaign posters and the formation of a pro-Israel caucus in the Cypriot parliament. Local residents express concern that the speed, scale, and nature of Israeli investment are altering the local social and political environment.
14:02
Israeli Prime Minister Netanyahu and his rival camps are neck and neck in popularity ahead of Tuesday's general election
According to Al Jazeera, Israeli Prime Minister Netanyahu and his rival camps are neck and neck in popularity ahead of Tuesday's general election, engaging in fierce online competition through bots, deepfake videos, and data surveillance. The report states that Netanyahu's Likud party is accused of using bots, previously employed to undermine the Iranian government, to spread campaign propaganda and of using a new app called "Victory 26" to track voter turnout and mobilize voters in areas with low participation. Additionally, both camps have released numerous AI-generated and deepfake videos to attack opponents or enhance their own image, raising concerns about privacy and information fairness. Analysts suggest that the election outcome may be determined by voter turnout, and the use of technology is exacerbating inequalities in electoral competition.
14:01
Major Hong Kong property developers are shifting their investment focus in mainland China from residential projects to commercial assets
Major Hong Kong property developers are shifting their investment focus in mainland China from residential projects to commercial assets, including hotels, in response to weak residential sales and fewer investment opportunities. They are instead prioritizing existing properties, recurring income, and debt reduction. The four major developers—CK Asset, Henderson Land, Sun Hung Kai Properties, and New World Development—have seen a significant drop in their sales revenue from the mainland. For instance, CK Asset's and Henderson Land's mainland revenue contributions fell from 52% and 25% a year ago to 2% and 4% respectively. Since 2023, these four developers have stopped acquiring residential development land through public tenders. Companies like Kerry Properties have begun purchasing commercial land in the mainland and investing in shopping malls, hotels, and mixed-use developments, aiming for long-term stable recurring income.
14:01
Singapore Prime Minister Lawrence Wong pledged to increase support for workers and families, stating that the government would intensify efforts to ensure energy supply security and attract investments in response to growing global uncertainties.
13:50
Israeli forces conducted overnight raids in several locations across the occupied West Bank, Al Jazeera reported
Israeli forces conducted overnight raids in several locations across the occupied West Bank, Al Jazeera reported. In the town of Samu, south of Hebron, soldiers searched multiple Palestinian homes and subjected residents to field interrogations, during which they damaged local property and physically assaulted residents. Additionally, Israeli forces raided the city of Tubas on Saturday evening, deploying in several neighborhoods, searching the homes of released prisoners, and damaging their belongings, though no arrests were reported.
13:48
Goldman Sachs warns that the market may be unprepared for either a December rate hike or no hike from the Federal Reserve
Goldman Sachs warns that the market may be unprepared for either a December rate hike or no hike from the Federal Reserve, potentially triggering a new risk repricing. Cosimo Codacci-Pisanelli, a strategist in Goldman Sachs' Fixed Income, Currencies, and Commodities division, stated that Thursday's 17-basis-point drop in the 10-year Treasury yield, the largest single-day decline since March 2023, pushing it back below 5%, was driven by a reversal of the AI trade that had previously propelled rates higher. Goldman Sachs still views a December rate hike as the baseline scenario but believes the market will find it difficult to easily re-price a full 25-basis-point increase. The supply pressure on US Treasuries from AI capital expenditures and debt financing, along with energy prices and inflation trends, also makes the policy path harder to predict. As of October 23, Goldman Sachs data shows the market pricing in approximately a 90% chance of a December rate hike.
13:48
Houthi siege of Taiz leaves fuel and medical supplies critically short
The Yemeni human rights organization Rasd warned that the Houthi siege on Taiz since October 4, which has closed supply routes, is threatening thousands of lives due to shortages of fuel and medical supplies. A statement released by the organization via Yemen's Saba News Agency cited UNICEF data as of October 11, stating that 98 local medical facilities are only partially operational or have completely ceased operations, 42 medical centers face severe shortages of medical supplies and oxygen, and 12 hospitals are at risk of shutdown or reduced services due to lack of fuel. The statement also noted that as of October 14, World Food Programme aid had not reached approximately 600,000 residents in Taiz, and around 800,000 people across Yemen are affected by obstructed humanitarian aid.
13:37
he advises investors to remain tactically cautious until mid-November
Bank of America strategist Michael Hartnett, in his latest "Flow Show" report, noted that despite an accelerated global inflow of funds into equities and the tech sector, he advises investors to remain tactically cautious until mid-November. He believes the market needs to digest a triple uncertainty: policy risks from the US midterm elections, Europe's efforts to curb selling pressure on French government bonds, and AI capital expenditure and financing risks. The BofA strategy team maintains a tactical view of "bond yields down, equities down, dollar down," expecting the DXY to fall below 100 and the 30-year US Treasury yield to approach 5%.
13:31
According to the Financial Times, several luxury goods groups have seen their combined market capitalization shrink by €250 billion as Chinese consumer demand weakens. China's economic slowdown and a cooling global stock market are exacerbating the downturn in the European luxury sector.
13:20
The United Nations warns that time is running out for humanitarian aid in Taiz, a city in southwestern Yemen
The United Nations warns that time is running out for humanitarian aid in Taiz, a city in southwestern Yemen, due to the ongoing escalation of fighting. Taiz, Yemen's third-largest city, is controlled by the internationally recognized government but has long been besieged by Houthi forces. Currently, the city is encircled from multiple directions, with residential areas along the active southern front, including near Mount Sabir, repeatedly coming under attack.
13:20
The Financial Times analyzed that the British right wing is obsessed with "civil war" rhetoric, and many of those inciting fears of bloody riots do not actually live in the country.
13:18
The Financial Times reports that energy trader Mercuria is challenging the "shipping Dow Jones," the Baltic Exchange
The Financial Times reports that energy trader Mercuria is challenging the "shipping Dow Jones," the Baltic Exchange, in court over losses incurred in the Strait of Hormuz. The case will test the Baltic Exchange's decision to continue publishing oil shipping price estimates through the Strait of Hormuz during wartime.
12:41
Russia’s embassy in Tehran has denied reports that its diplomats and Russian specialists
Russia’s embassy in Tehran has denied reports that its diplomats and Russian specialists working at the Bushehr nuclear power plant are planning to evacuate. The embassy stated that neither staff nor specialists have any plans to evacuate and work continues as normal, calling contrary reports "FAKES".
12:35
a total of 142 strategic enterprises have now established or expanded their operations in Hong Kong
Hong Kong's Financial Secretary, Paul Chan, stated that as of the end of September this year, the first six batches of strategic enterprises introduced to Hong Kong through the Office for Attracting Strategic Enterprises (OASES) have achieved actual investments of HKD 28.3 billion in the city and created over 10,300 jobs, exceeding initial phased targets by 30% and 34% respectively. In his weekly blog, Chan noted that, including the recently welcomed seventh batch of 18 enterprises, a total of 142 strategic enterprises have now established or expanded their operations in Hong Kong. He anticipates these enterprises will bring approximately HKD 84 billion in investment and create about 27,000 job opportunities in the coming years. Among the first six batches of enterprises, about 70% have established global or regional headquarters in Hong Kong, and nearly 90% have set up R&D centers, bringing capital, employment, R&D, and decision-making functions to Hong Kong, which are crucial for maintaining the city's long-term competitiveness.
12:32
Ebrahim Azizi, Chairman of the Iranian Parliament's National Security Committee
Ebrahim Azizi, Chairman of the Iranian Parliament's National Security Committee, warned Israel on X that if there is a "miscalculation," the occupied territories will become "uninhabitable within an hour." Azizi issued the warning in Hebrew, English, and Persian, directly quoting Israeli Prime Minister Benjamin Netanyahu's speech at an Israeli army graduation ceremony, where Netanyahu stated: "There is only one way to eliminate this threat once and for all—to overthrow the Iranian regime. This is my instruction to the army, the Mossad, and the security forces."
12:11
Back to the Moon
Elon Musk retweeted the latest update from the National Aeronautics and Space Administration (NASA) regarding the Artemis III mission, commenting "Back to the Moon." NASA stated it is sharing updates on the Artemis III mission for next year and plans to return astronauts to the lunar surface by 2028.
12:01
tight supply-demand situation for memory chips in 2027 is largely locked in
Nomura's global memory research team stated in its latest report that there is a 75% probability the AI arms race will continue, and the tight supply-demand situation for memory chips in 2027 is largely locked in. The report suggests that even if tech giants face pressure on their free cash flow, they are unwilling to be the first to exit the competition. Meanwhile, long-term memory supply agreements have already secured supply volumes and prices for 2027. Nomura indicated that closed financing channels and power shortages are key risks that could disrupt this outlook.
12:00
H200 GPU rental prices are up 143% and B200 up 111%
Elon Musk forwarded a16z's tweet showing H200 GPU rental prices are up 143% and B200 up 111% against a standard 6-year depreciation schedule, with most of the gap opening after April due to token demand. Musk commented: "The way to think about this is: How many super smart and dedicated people do you want to hire? And they keep getting better."
11:43
our next forever war
U.S. Senator Chris Van Hollen warned that the Trump administration's Iran campaign is escalating into "our next forever war," and called for an immediate end. He shared an article on X about U.S.-Israeli plans to resume attacks on Iran after the midterm elections, commenting that Trump and Republicans have "deluded themselves for eight months that the next strike or bombing run will finally bring victory," drawing parallels to the Vietnam and Iraq wars.
11:31
the "danger" in Riyadh has been cleared
Saudi Arabia's civil defense department officially announced that the "danger" in Riyadh has been cleared. This followed a statement from the Saudi-led coalition that its air defense systems had intercepted and destroyed a drone targeting the city.
11:25
King Khalid International Airport in Riyadh, Saudi Arabia
Yemen's Houthi group reiterated its warning to airlines, airport staff, and travelers not to use King Khalid International Airport in Riyadh, Saudi Arabia. The group's spokesperson, Yahya Saree, stated that the airport is "unsafe" and remains a "military target." This comes after Riyadh Airport announced on Saturday evening that, starting Sunday, Terminal 1 would be used for domestic flights and Terminal 2 for international flights operated by national airlines. The airport had previously suspended operations on October 10 due to a Houthi attack, which resulted in 13 deaths and over 300 injuries.
11:04
Iranian parliamentary delegation will still participate in the meeting
The Iranian Embassy in India announced that Mohammad Bagher Ghalibaf, Speaker of the Iranian Parliament and chief negotiator, will not attend the 12th BRICS Parliamentary Forum in New Delhi, India, due to "unforeseen circumstances." The embassy stated on the X platform that the Iranian parliamentary delegation will still participate in the meeting and reiterated Iran's commitment as a BRICS member to actively and effectively participate in the group's summits and meetings at the highest level.
11:03
The meeting allowed participants to personally understand Hong Kong's role as a bridge
Hong Kong Financial Secretary Paul Chan said on Sunday that hosting the recently concluded APEC Finance Ministers' Meeting was of great significance to Hong Kong. The meeting allowed participants to personally understand Hong Kong's role as a bridge connecting mainland China with the world, bringing cooperation and market opportunities for Hong Kong's professional services industry. Chan emphasized that APEC member economies find it difficult to reach consensus due to differing political stances, development stages, and needs. Hong Kong will strive to seek common ground while reserving differences and maximize space for cooperation.
11:02
Bank of Israel rejects Netanyahu's cryptocurrency proposal
The Bank of Israel publicly rejected Prime Minister Netanyahu's proposal to use cryptocurrencies to circumvent potential international financial sanctions on October 24, urging the government to maintain economic relations with key trading partners to avoid further restrictions, according to the Financial Times. This followed Netanyahu's warning in a televised interview on October 23 that Israel might face international banking sanctions and his statement that he had requested exploration of alternative financial system solutions, including blockchain and cryptocurrencies.
11:02
Bulgarians are voting in a presidential election today
Bulgarians are voting in a presidential election today, with the two leading candidates, Iliana Iotova and Andrey Gyurov, condemning recent deadly drone strikes on merchant ships off Bulgaria's Black Sea coast. However, they hold differing views on the broader war in Ukraine. Gyurov, backed by pro-Western parties, supports Ukraine and signed a security cooperation agreement with Kyiv during his time as caretaker prime minister. Iotova, supported by current Prime Minister Rumen Radev, advocates for a diplomatic end to the war and a more neutral stance for Bulgaria. The presidency is largely ceremonial, but the election has drawn attention due to the drone attacks, which the Bulgarian government has not explicitly blamed on Russia but stated benefit the Russian Federation. Analysts expect a run-off vote on November 1, as none of the 27 candidates are likely to secure an outright majority in the first round.

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