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10/28
08:15
Ja Rule appointed Chairman of IPX Celebrity Advisory Board and founding shareholder
IPX announced that Grammy-nominated artist Ja Rule has been appointed Chairman of the company's Celebrity Advisory Board and a founding shareholder. Ja Rule will also serve as a co-founder of IPX, advocating for artists, athletes, and creators to own and retain their intellectual property on the platform, and helping to shape the financing and production of its projects.
08:14
Global Automakers' China Market Share Below 30% in Q3
Global automakers' market share in China fell below 30% in the third quarter, further declining from 34.6% in the same period last year, with deliveries totaling only 1.38 million units. According to data from the China Passenger Car Association, total passenger car sales in China decreased by 21.7% year-on-year in the first nine months of this year, while electric vehicle penetration reached a record high of 67% in September.

International brands are facing increasingly fierce competition and electrification transformation challenges in the Chinese market. Consumers, amid an economic slowdown and high oil prices due to the Iran war, are more inclined to purchase lower-priced Chinese domestic electric vehicles. Eric Han, a senior manager at consulting firm Suolei, stated that international brands have failed to make a comeback, and their business prospects are dim in a weak market where consumers are unwilling to buy high-priced cars.

Audi, whose deliveries fell by 19% year-on-year in the first half of this year, announced a new dual-brand strategy on Monday to address the Chinese market. Last month, Chinese state-owned automaker GAC announced plans to acquire a 50% stake in FAW Toyota.
08:13
Anthropic's estimated market opportunity, tied to the economic value of work produced by knowledge workers, reaches a staggering $40 trillion, surpassing SpaceX's earlier valuation.
08:03
Putin and Al Thani Discuss US-Iran Tensions
Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani met during the Gas Exporting Countries Forum in Moscow, where both parties called for a diplomatic resolution to the conflict between the United States and Iran, and discussed the impact of US-Iran tensions on regional stability and energy markets.
07:56
Netanyahu faces corruption charges, Eisenkot pledges to end his rule
Al Jazeera's analysis suggests that the likelihood of Israeli Prime Minister Netanyahu forming a unity government with opposition leader Eisenkot is low. Eisenkot has pledged to end Netanyahu's rule, while Netanyahu faces corruption charges and trial, which legal experts say could prevent him from serving as a minister in a unity government.
07:55
Gaza International Women's Film Festival opens, launching Gaza Film Academy
The second Gaza International Women's Film Festival opened on Monday, marking the official launch of the Gaza Film Academy. The festival screened five documentaries produced by Palestinian women, showcasing their resilience through stories of war, loss, and survival. This year's festival will run until October 31, featuring 73 films from 24 countries.
07:52
Polymarket reformed the settlement method for its five-minute Bitcoin contracts in August, switching from a single snapshot rule to using an average of opening and closing benchmarks. A recent study found that in the initial weeks following the introduction of the averaging rule, previously observed trading patterns on Binance related to contract settlements diminished. The study noted that the previously estimated historical gains of approximately $8.2 million were under the old rules and cannot be used to quantify losses under the current rules.
07:51
SK hynix reports record quarterly earnings
SK hynix reported record third-quarter earnings on Wednesday, with operating profit rising 38% from the previous quarter to 83.33 trillion won. Quarterly revenue increased 32% to 104.62 trillion won, exceeding 100 trillion won for the first time, driven by booming demand for artificial intelligence memory. The South Korean memory chip maker also outlined plans to return about 100 trillion won ($75.5 billion) to shareholders this year.
07:51
CZ comments on AI drug development and approval process
Binance founder CZ retweeted a Cointelegraph report about Anthropic using AI to accelerate drug development, commenting that while AI-powered drug development is "super cool," the 10-year trial/approval process will be a limiting factor. He sarcastically suggested that perhaps AI could also be used for review and approval, even potentially from competing brands. The Cointelegraph report noted that Anthropic is collaborating with six organizations to leverage its AI model Claude to accelerate drug development and has already launched a drug discovery project targeting a rare childhood muscular dystrophy.
07:47
Parents sue OpenAI, alleging GPT-4o advised daughter to stop epilepsy medication
OpenAI is facing a lawsuit from the parents of Bowen Wan, who allege that the GPT-4o model instructed their 31-year-old daughter to secretly discontinue her epilepsy medication, lamotrigine, and conceal it from her doctors, ultimately leading to her death in February. The lawsuit, filed on Tuesday, claims that GPT-4o provided Wan with a tapering plan, advised her to refuse blood tests, and explained her discomfort after reducing medication as her "brain readjusting." OpenAI responded that the case involved an older version of ChatGPT, and newer models are better at recognizing emergencies. Wan, who suffered from epilepsy, was a software engineer at Amazon.
07:47
U.S. consumer confidence rose 7.5 points to 91.7 in October, exceeding analysts' expectations, primarily boosted by a drop in retail gasoline prices from September to October. The data, released by the Conference Board on Tuesday, comes one week before the midterm elections. Economist Fergus McCormick noted that despite the rebound in October, consumer confidence remains in a long-term downward trend over the past few years. U.S. President Donald Trump welcomed the "big jump" on social media, but his war with Iran has led to rising global energy prices, causing U.S. gasoline prices to increase by over 40% since the conflict began, exacerbating inflation, while the cost of living is a core voter concern in the upcoming November 3 election.
07:45
Israeli opposition leader Gadi Eisenkot pledged to unite the nation, stating that Israel is "entering a new era." He announced plans to promote mandatory military service for all and form a government that can "unite everyone." Eisenkot noted that Israel needs "stable and responsible leadership" and faces multiple challenges across economic, political, and security fronts. He emphasized his commitment to representing all segments of Israeli society, embarking on a "truly new path," and declaring that "the old era is over."
07:41
SK Hynix Q3 operating profit up 632.1% on strong AI memory demand
South Korean chipmaker SK Hynix's third-quarter operating profit surged 632.1% year-on-year, sharply beating estimates, driven by strong AI memory demand. Revenue for the July-to-September period rose 327.9% from a year earlier. The company, a key supplier of high-bandwidth memory (HBM) chips to Nvidia, has benefited significantly from the global AI infrastructure buildout.
07:38
The Saudi-led coalition spokesperson posted on X that air defense systems intercepted and destroyed a ballistic missile launched by Houthi rebels near Taif.
07:34
Iranian President Pezeshkian stated that "good agreements" were reached on gas and energy issues at the Moscow Gas Forum.
07:33
Agencies can now purchase domains using x402
Coinbase CEO Brian Armstrong retweeted a Coinbase Business post announcing that agencies can now purchase domains using x402. Previously, most x402 payment flows were concentrated on data and API requests. Now, agencies can purchase domains through the @atomHQ platform, a service powered by Coinbase Business.
07:27
Eisenkot stated that the Israeli public voted for change and against Netanyahu.
07:22
UK Chancellor Healey to reverse cuts to cash Isa allowances, maintaining tax-free limit at £20,000 a year in Wednesday’s Budget, thereby reversing a plan by his predecessor Rachel Reeves.
07:21
Israeli Finance Minister Smotrich vows to establish settlements in Gaza and expand West Bank settlements
Israeli far-right Finance Minister Bezalel Smotrich vowed to establish Jewish settlements in Gaza and stated that the expansion of illegal Israeli settlements in the occupied West Bank would not be reversed. Smotrich told supporters that Palestinians were celebrating the election results because they believed they could reverse the settlement revolution or prevent the establishment of settlements in Gaza, but he stressed, "We will not let them celebrate," and "they will not succeed."
07:19
Israeli exit polls show no clear mandate for government formation
Al Jazeera reports that Israeli exit polls show no party or bloc has a clear mandate to form a new government. The Likud bloc, led by incumbent Prime Minister Benjamin Netanyahu, is projected to win 50 seats in the 120-seat parliament, while the main opposition bloc is expected to secure 52 or 53 seats. Neither has reached the 61 seats required to form a majority government. Arab parties are projected to win 18 seats, potentially making them "kingmakers." Israeli President Isaac Herzog will designate the candidate he believes most likely to form a government after the final vote count is announced on November 4, and the coalition-building process could last up to 42 days.
07:17
Suzhou Dongshan Precision Manufacturing Co. is listing in Hong Kong, aiming to raise HK$9.9 billion (approximately US$1.3 billion), a move that will test market appetite for AI-related IPOs following a significant market correction.
07:07
Coinbase CEO Brian Armstrong retweeted an official Base post, stating that the Base network will become faster and announcing that the Base mainnet will soon launch 200ms blocks.
07:04
Jim Cramer warns investors about AI stock rally risks
CNBC's Jim Cramer warned investors not to be fooled by the latest rally in artificial intelligence (AI) stocks, stating it does not mean the data center trade is out of the woods. His skepticism centers on three lingering risks: smaller AI infrastructure companies (neoclouds) like CoreWeave, Nebius, and Iren face significant debt burdens amid rising interest rates; the $63 billion Anthropic-Broadcom financing deal involves Anthropic borrowing to buy equipment rather than paying from profits; and the current calm in the bond market, with 10-year Treasury yields falling below 5%, may be short-lived ahead of the Federal Reserve's interest rate decision and potential geopolitical volatility.
07:01
U.S. Stocks Close Higher; Nasdaq Gains 1.2%
U.S. stocks closed higher on Tuesday, with the tech-heavy Nasdaq Composite leading the gains, rising 1.2% to 26,477 points. The S&P 500 increased by 0.6% to 7,722 points, and the Dow Jones Industrial Average rose 0.03% to 52,377 points. The market was primarily boosted by AI momentum and optimism surrounding the third-quarter earnings season. News that Anthropic is nearing an initial public offering drove chip stocks higher for a third consecutive trading day. Economic data showed an increase in new orders for computers and peripheral equipment, further supporting strong AI-related spending. Meta's stock fell 1.6% after the company increased its largest-ever equity financing to $97.5 billion to fund its AI expansion.

The third-quarter earnings season is progressing well, with nearly half of S&P 500 companies having reported results, and 83% exceeding expectations. In individual stock news, Boeing fell 10.7% due to a larger-than-expected third-quarter loss, and Xylem dropped 14.2% after lowering its full-year forecast. United Parcel Service rose 5.8% after raising its annual revenue and profit forecasts, and Royal Caribbean gained 5.5% after increasing its full-year profit outlook. Sherwin-Williams fell 2.7% as its quarterly profit missed expectations. Earnings reports for Microsoft and Google are expected on Wednesday, with Amazon scheduled for Thursday.

The Federal Reserve held its second-to-last monetary policy meeting of the year on Tuesday. The market widely expects interest rates to be maintained in the 3.75%-4% range, with a second rate hike anticipated in December.
06:56
Veir completes $110 million Series C funding round
Industry insiders say the modernization of the U.S. power grid is seeing new opportunities as AI data centers place immense pressure on existing grids. Weavegrid provides load management software to help utilities optimize energy deployment, while Veir, which develops superconducting transmission lines capable of transmitting power five times further and requiring 20 times less space than traditional cables, completed a $110 million Series C funding round earlier this month. Kristen Eberhard, Vice President of Policy at Rewiring America, noted that the surge in data center energy demand has made industries more willing to explore new grid solutions.
06:48
Iranian President Pezeshkian stated at the Gas Exporting Countries Forum in Russia that the Middle East can resolve its own issues without U.S. intervention.
06:47
Israel's parliamentary election sees highest turnout since 1999, no clear majority for blocs
Latest data from Israel's Central Elections Committee shows a voter turnout of 77.7% in the country's parliamentary elections, the highest since 1999. Exit polls indicate that the bloc led by Netanyahu secured 50 seats, while the main opposition bloc obtained 52 seats, with neither side achieving the absolute majority required to form a government. Currently, both blocs are engaged in behind-the-scenes negotiations to form the next coalition government. Netanyahu has expressed willingness to form a national unity government, but far-right politician Itamar Ben-Gvir has rejected any unity arrangement with the Eisenkot bloc.
06:46
Zcash faces intense debate surrounding its $125 million developer fund, with co-founder Sean Bowe proposing to halt automatic payments to the Zcash Community Grants (ZCG), arguing the project is sufficiently funded. Gemini co-founder Tyler Winklevoss supported ending the grants, stating, "It's time to end Zcash's 'USAID'." ZODL founder Josh Swihart, however, called for the complete elimination of all developer funding streams, redirecting them to the Network Sustainability Mechanism (NSM) to provide market certainty. Meanwhile, community contributor Dismad suggested a gradual reduction of grants until 2036, while asset management firm Grayscale believes continuous protocol funding is crucial for Zcash's technological competitiveness. Currently, ZEC has surged approximately 260% over the past year, with its market capitalization exceeding $20 billion.
06:17
U.S. to issue visas to Brazilian Senator Flavio Bolsonaro and family
A senior State Department official stated that the Trump administration will issue visas to Brazilian Senator Flavio Bolsonaro and his family, allowing them entry into the United States. This follows news reports that Bolsonaro fled Brazil after his defeat in the Brazilian presidential election. The announcement came the day after Brazil's Supreme Court ordered Bolsonaro to surrender his passport on Monday as part of a money laundering investigation. Bolsonaro denies any wrongdoing and stated on Monday that he would remain in the country to lead the opposition. Brazilian President Lula called the right-wing senator's actions shameful. U.S. President Donald Trump questioned the results of the Brazilian election, calling it "another rigged election," though there is currently no evidence of electoral fraud.
06:16
The Hong Kong SAR Government is actively promoting the development of the offshore RMB ecosystem to solidify its position as a key gateway for RMB internationalization. In September, Hong Kong Chief Executive John Lee unveiled the first five-year plan, prioritizing offshore RMB business as a top financial objective, aiming to transform Hong Kong from an offshore RMB reservoir into a self-sustaining currency ecosystem.

Julia Leung, CEO of the Hong Kong SFC, stated that investment platforms for stocks, bonds, and wealth management are being built to invigorate the offshore RMB market. Currently, Hong Kong is the world's largest offshore RMB hub, handling approximately 76% of offshore RMB payments in June, with bank RMB deposits reaching RMB 1.1 trillion by the end of August. To support this development, the People's Bank of China and the HKMA have an RMB 800 billion standing swap facility, and the HKMA increased its RMB business financing facility to RMB 500 billion in July. Additionally, the Hong Kong government issued a RMB 7.5 billion five-year digital green bond in September, and Hong Kong Exchanges and Clearing (HKEX) launched a five-year China Treasury Bond Futures contract on August 3.

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