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10/28
12:17
Bitcoin climbed nearly 2% to just under $81,000 in Wednesday Asian morning hours, as traders awaited the Federal Reserve's rate decision later in the day. ZEC led major cryptocurrencies with an 8% jump to about $1,320, while ether gained 2% to just over $2,350. The market rebound follows Galaxy Research's recent advice to investors to accumulate bitcoin, with its head of firmwide research Alex Thorn stating that the bear market likely ended in June.
12:15
Citibank executives Yeo Wenxian and Sylvia Zhang stated that the widespread application and global expansion of Artificial Intelligence (AI) are transforming the wealth management industry. AI helps advisors serve clients more deeply and accurately by rapidly analyzing vast amounts of data, providing market insights, and optimizing portfolio reviews, allowing more time for personalized communication. The executives emphasized that in an era of information overload, the advisor's role has shifted to helping clients filter out noise and provide customized, contextualized advice, especially when dealing with the complexities of cross-border assets and intergenerational wealth transfer.
12:01
Block co-founder Jack Dorsey stated in an archived clip from an interview with Abundant Mines on January 16, 2025, that Bitcoin would be a failure if it ultimately only became "digital gold." He noted that the Bitcoin white paper describes it as peer-to-peer electronic cash, and Bitcoin can only succeed when people can use it as currency in their daily lives and transfer funds permissionlessly.
11:37
Lookonchain monitoring shows that whale address 0xdeA6 bought another 4,000 ETH (worth $9.4 million) 9 hours ago and deposited it into Aave. Subsequently, the whale borrowed 6 million USDT from Aave and deposited it into Binance to buy more ETH. Currently, the whale has deposited a total of 22,504 ETH (worth $53.17 million) into Aave and has borrowed a cumulative $31 million in stablecoins.
11:33
Syria and Jordan have reopened their border, and the two countries will investigate the incident where a Jordanian airstrike on ISIL targets in Syria killed seven people. According to the Syrian state news agency SANA, the two countries' only border crossing, Nassib, will reopen on Wednesday morning, and passenger and commercial traffic will resume normally. Previously, the Jordanian military stated that Monday's airstrike on ISIL hideouts in southern Syria was in response to a shooting at a Greek Orthodox church in Karak, Jordan, last Friday, for which ISIL has claimed responsibility. The Syrian Foreign Ministry stated that the airstrike killed at least seven people, including five members of one family (three children). The two countries also agreed to establish a security committee to investigate the consequences of the airstrike and to strengthen "on-the-ground and intelligence coordination" to counter terrorist threats and protect civilians.
11:12
Coinbase clarified that its user funds are secure following an incident at third-party analytics firm Amplitude, which resulted in the exposure of some customer contact information. Coinbase emphasized that its own systems were not compromised, and the exposed data was only a "small portion" of contact information. Affected customers have been notified via email.
11:06
U.S. President Donald Trump has reiterated his claim that the Iran war will end "whenever I want it to," but insists that Tehran cannot have a nuclear weapon. His statement comes as a report from The Hill, citing U.S. Central Command, revealed that the cost of the Iran war has ballooned to $47 billion, about $3 billion more than previous estimates. The bulk of the costs was reportedly for munitions replacements at $29 million. The report also noted that the massive price tag does not include the estimated $184 million in damages to U.S. military bases and diplomatic facilities in the Middle East as of June 29.
11:02
Exit polls from the Israeli parliamentary election indicate that Benjamin Netanyahu's Likud party is projected to be the largest single party, with his right-wing bloc expected to secure 52 out of 120 Knesset seats. However, neither side, including the opposition bloc led by Gadi Eisenkot (projected to win 49 seats), has secured the 61 seats needed to form a governing majority. Voter turnout for this election reached 77.7%, the highest since 1999. Netanyahu has declared Likud's dominance and called for the formation of a "national right-wing government," while Eisenkot stated that the Israeli public voted for change and will usher in a "new era."
10:55
Asia shares rose on Wednesday, driven by renewed enthusiasm for AI ahead of key earnings reports from US tech giants Alphabet and Microsoft later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.85% in early trade, with Japan's Nikkei 225 adding 1.2% and South Korea's Kospi jumping more than 3%. Hong Kong's Hang Seng Index was slightly lower, down 0.02% at 23,036 in mid-morning trade. Investors are awaiting the US tech results for evidence of returns to justify the significant AI infrastructure investments, while also anticipating a Federal Reserve policy decision.
10:49
Pop Mart's stock price continued its downward trend, with third-quarter revenue falling by 45% to 50% year-on-year. The company's shares briefly dropped over 6% during Wednesday's trading session before narrowing losses to under 2%. According to disclosures, its third-quarter revenue declined by 45% to 50% year-on-year, with revenue in the Americas plummeting by 70% to 75%, Asia-Pacific by 65% to 70%, and mainland China by 25% to 30%. Jefferies noted that these results were weaker than its anticipated 30% revenue decline and consequently lowered its earnings forecasts for Pop Mart for 2027 and 2028.
10:39
NVIDIA Senior Product Marketing Director Madison Huang will visit Seoul from November 9-10 to attend NVIDIA AI Day Seoul 2026. Madison Huang, daughter of NVIDIA CEO Jensen Huang, will make the visit as NVIDIA deepens its commitment to robotics and manufacturing in South Korea. She is expected to attend the event at Coex in Seoul and participate in conferences and other engagements, marking her fourth visit to South Korea.
10:33
HD Hyundai Construction Equipment announced on Wednesday that it has opened an engine factory in Gunsan, North Jeolla Province, South Korea, with an investment of 116.8 billion won (approximately $87.5 million). The factory aims to increase the production of high-capacity generator engines to meet the growing demand from AI data centers. The plant, which took two years to build, covers an area of 62,700 square meters and has an annual production capacity of 1,250 generator engines ranging from 1 to 3 megawatts, as well as 120 military tank engines.
10:25
Bybit will support the Cosmos (ATOM) v29.0.1 network upgrade, which is expected to occur around 02:15 AM UTC on October 28, 2026, or at block height 33,618,500. To ensure a smooth transition, Bybit will suspend deposits and withdrawals for Cosmos (ATOM) starting from 01:30 AM UTC on October 28, 2026. Trading and other activities will not be affected.
10:24
US voters' growing opposition to data centers is raising risks for Asian suppliers, as the resulting "friction" and delays in large-scale data center projects are expected to have knock-on effects for chip and server manufacturers. For example, on October 21, people protested the CoreWeave AI data center outside the municipal building in Kenilworth, New Jersey.
10:19
Exit polls from the Israeli general election, released on Wednesday, indicate that neither incumbent Prime Minister Benjamin Netanyahu's alliance nor challenger Gadi Eisenkot's opposition bloc secured the 61 parliamentary seats required to form a governing majority. According to the latest Channel 13 poll cited by The Times of Israel, both blocs obtained 51 seats in the 120-seat Knesset. Voter turnout reached a 27-year high of 77.7%, and the election was widely seen as a referendum on Netanyahu's dominance of Israeli politics since 2009.

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