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10/28
14:52
Datavault AI shares (DVLT) crashed nearly 50% on Tuesday, October 27, after the Nasdaq-traded company disclosed in an SEC filing that it has been unable to withdraw its Bitcoin from cryptocurrency exchange Biconomy for approximately four months. The firm applied for the withdrawal of Bitcoin to another account in June 2026 but failed to complete it as of October 26. Datavault AI did not elaborate on the reasons for the failure or the amount of Bitcoin involved. The company also stated that its previously issued financial statements for Q3 2025, full year 2025, and Q1-Q2 2026 should not be relied upon, as an internal review determined that Bitcoin related to a $150 million investment deal with Scilex Holding Company should not be classified as a digital asset on the balance sheet.
14:39
Japanese investment groups The Nexroc Group and SVCV plan to acquire up to half of South Korean entertainment company JYP Entertainment, a move that has raised doubts about their financing capabilities and credibility. South Korea's Financial Supervisory Service (FSS) stated on Wednesday that it is closely monitoring The Nexroc Group and SVCV for potential unfair trading practices, following a significant surge in JYP's stock price after the acquisition offer.
14:37
Nasdaq-listed Vietnamese electric vehicle maker VinFast aims to make India one of its two largest markets as it seeks to reduce reliance on domestic demand and expand across Asia. The company plans to expand local production and begin selling electric motorbikes in India next year, expecting Asia to account for 90% of its global sales by 2030.
14:13
Singapore Payments Network (SPaN) has appointed its Chief Executive Officer (CEO) and Board members. SPaN was jointly established by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) to govern Singapore's national payment initiatives and drive payment innovation.
14:09
The Financial Services Commission (FSC) held its seventh meeting on propelling a transition to inclusive finance, where officials discussed plans to introduce a comprehensive evaluation system for financial companies and ways to bolster the management of non-performing loans (NPLs) by public financial institutions. The new evaluation system for inclusive finance will apply to 17 domestic banks, categorized into three groups, and will be expanded to the non-banking sector next year. Evaluation results for this year will be published in March next year, with incentives and penalties taking effect from the next evaluation cycle.
14:09
Elon Musk retweeted a post stating that SpaceX's plan for 10,000 Starship launches annually would come solely from its Louisiana Starship base. SpaceX previously informed the Federal Aviation Administration (FAA) that it aims for 10,000 launches per year by 2035, identifying the FAA's outdated airspace traffic procedures, rather than the rockets themselves, as the bottleneck. The company also mentioned that the Louisiana Starship base is designed to handle approximately 30 launches and re-entries per day.
14:01
Global investment bank analysts warn that the Chinese government's "national team" injected up to 170 billion yuan (approximately $25.5 billion) into the stock market this month to prop up the market. While this helped the benchmark CSI 300 Index rise by 0.68% on Wednesday morning, it is insufficient to reverse the market's decline or bring about a lasting rebound.

Analysts point out that the national team's intervention aims to stabilize the market and prevent systemic risks, but a sustained market rebound will depend on the recovery of corporate earnings and domestic demand.
13:55
Oil prices rose on Wednesday, with Brent crude up 1.32% to $115.59 per barrel and WTI crude up 1.47% to $101.37 per barrel, as Houthi attacks on Saudi refineries sparked supply concerns. Investors are weighing the potential for a prolonged and expanded conflict in the Middle East, after Houthi forces stated on Tuesday that they attacked Saudi Arabia's largest Ras Tanura refinery. Meanwhile, Donald Trump said at a campaign rally on Tuesday that a war with Iran would end on his terms, emphasizing that Iran must be prevented from acquiring nuclear weapons. Additionally, Israeli exit polls showed a political stalemate, exacerbating regional uncertainty.
13:47
Wu Blockchain cited a BeInCrypto report stating that AI company Anthropic's S-1 IPO filing disclosed that the U.S. government sold 4,453,900 shares of Anthropic Series B stock, seized from FTX, for $627 million to repay FTX creditors. Anthropic repurchased these shares from the government at $140.9676 per share in October 2025 and resold them at cost to nine undisclosed buyers. Prior to Anthropic's planned Nasdaq listing, this stake is currently valued at approximately $3.94 billion, an increase of over six times from the resale price.
13:45
Seoul's prime office market is bucking the trend, with a significant volume of property transactions despite rising borrowing costs slowing investment activity. Earlier this month, Samsung SRA Asset Management selected Igis Asset Management as the preferred bidder to acquire the K-Twin Towers in central Seoul for 1.05 trillion Korean Won (approximately $782 million).
13:45
LG Electronics announced on Wednesday that its third-quarter operating profit increased by 13.5% year-on-year to 781.9 billion Korean won (approximately $583.9 million), with revenue growing by 8.9% to 23.82 trillion Korean won. The company also disclosed that orders for AI data center cooling solutions increased fivefold in the first nine months of this year.
13:40
Ripple CEO Brad Garlinghouse announced a series of significant developments at the company's flagship Swell conference, marking its tenth anniversary. U.S. Treasury Secretary Scott Bessent made a surprise video appearance to discuss digital asset regulation. Ripple will expand its partnership with Robinhood, integrating its financial infrastructure into Robinhood's client products and internal systems. Additionally, the collaboration with BNY Mellon will extend to institutional digital asset custody and tokenized trade finance solutions based on RLUSD, XRP, and the XRP Ledger. Ripple also launched its "24/7 Returns" service and received final approval from the Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank, which will manage RLUSD reserves and institutional digital asset custody. Garlinghouse stated that this was merely "Day 0" of the Swell conference, with the main event scheduled for October 28-29.
13:34
Bitcoinjs-lib, a library for building Bitcoin applications, has patched two vulnerabilities that could cause related software to underestimate valid transaction fees and miss warnings for excessively high fees. These vulnerabilities were disclosed on October 26 and have been fixed in versions 5.2.2, 6.1.9, and 7.0.4.
13:28
The Financial Times reports that the seven founders of AI company Anthropic are consolidating control over the company and pledging to remain united ahead of its anticipated blockbuster initial public offering (IPO). This move stems from their previous experiences at OpenAI and aims to secure the company's future development.

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