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11/5
13:34
German science and technology giant Merck is investing $338 million (approx. €300 million) to build a new life science production center in Daejeon, South Korea. This facility marks Merck's largest life science investment in the Asia-Pacific region to date, aimed at advancing its "in-region, for-region" strategy to reduce reliance on US and European manufacturing hubs and tap into the Asian biopharmaceutical market.
13:31
The state of Arkansas has filed a lawsuit against prediction market platform Kalshi, accusing it of operating illegal gambling. Previously, Utah and several other U.S. states had also initiated criminal or civil lawsuits against the company.
13:25
The XRP Ledger has patched a vulnerability that allowed token burners to create new tokens. The fix officially went live on Wednesday, following a validator reset of the activation clock in October. XRP itself was unaffected by the vulnerability.
13:19
SK Hynix has appointed SK Group Chairman Chey Tae-won as Chairman of the Board of Directors of Hyaico Corp., a U.S.-based artificial intelligence investment firm, to oversee up to $10 billion in investments in the U.S. AI industry. According to filings submitted by the company to the U.S. Securities and Exchange Commission (SEC), the firm previously announced its plans in January under the provisional name AI Co., with SK Hynix President Song Hyun-jong serving as CEO of Hyaico.
13:18
Microsoft has declined a multi-billion-dollar AI deal with UK-based Nscale, passing up an option to more than double the scale of a Texas data center contract, dealing another blow to the startup's initial public offering (IPO) plans.
13:15
Bitcoin holds above $80,000 as Zcash jumps 12% in post-election crypto rebound; Ether rose 8% as falling oil prices and a weaker dollar helped markets recover, even as traders weighed a tougher path for U.S. crypto legislation.
13:13
Zelenskyy hopes that the U.S. Democratic Party maintaining control of Congress will bring more support for aid to Ukraine, with Russia, Ukraine, and the U.S. scheduled for talks in Abu Dhabi on November 10-11. Ukrainian President Volodymyr Zelenskyy stated that the Democratic Party winning control of both houses of Congress in the U.S. midterm elections is expected to secure more financial and military aid for Ukraine from the U.S. side. The Ukrainian side had previously confirmed that delegations from Ukraine, Russia, and the United States will hold a meeting in Abu Dhabi from November 10 to 11 to discuss ending the war and security arrangements for Ukraine.
12:46
The Legislative Council of the Hong Kong Special Administrative Region passed the crypto tax information reporting bill on November 4. The bill requires covered crypto-asset service providers to begin collecting customer transaction and other information starting in 2027, in order to assist the Inland Revenue Department of Hong Kong in initiating automatic exchanges of information (AEOI) with partner jurisdictions under the CARF starting in 2028.
12:35
Ssangyong Engineering & Construction Signs KRW 3.6 Trillion MOU with Dubai's Wasl; Ssangyong E&C has signed a memorandum of understanding (MOU) worth KRW 3.6 trillion with Dubai-based real estate developer Wasl Group to cooperate on construction and development projects in Dubai over the next three years.
12:35
Bank of China's short-term financing costs have fallen to historic lows as the People's Bank of China pivots toward the overnight repo rate as its primary policy anchor, a move widely viewed by the market as a de facto easing measure.
12:31
The Digital Chamber stated that Sherrod Brown’s victory is the most substantially adverse outcome for cryptocurrency, noting that the Democratic Party is preparing to redirect the debate on crypto policy toward stronger consumer protection and regulatory accountability.
12:20
The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire while attempting to pass through "unauthorized routes" in the Strait of Hormuz. One large oil tanker struck a mine and caught fire last night in the southern shipping lane of the strait; a second Very Large Crude Carrier (VLCC) caught fire while exiting the eastern section of the waterway, followed by an explosion and fire on a tugboat that had been dispatched to extinguish the flames. The statement added that its naval electronic warfare units intercepted two invading U.S. LUCAS drones, forcing them down and capturing them intact. Iran blamed the United States for the incident, citing its persistent efforts to guide vessels through mined shipping lanes.
12:16
According to RTHK on November 5, Financial Secretary Paul Chan stated at a wealth management summit that Hong Kong has become the world's largest cross-border wealth management center. Citing a survey conducted by the Hong Kong SFC in July, he noted that assets under management grew by 20% to exceed HK$42 trillion.
12:10
Syria and Saudi Arabia have signed a defense cooperation agreement alongside a loan package exceeding $400 million. During Syrian President al-Sharaa's visit to Riyadh, the defense departments of both nations signed the defense cooperation agreement. Simultaneously, the Saudi Fund for Development agreed to provide Syria with a total of over $403 million through six concessional loan agreements. These funds will support healthcare, housing, civil defense, the restoration of the Aleppo thermal power plant, and the development of drinking water systems in Damascus and Idlib.
11:57
Binance founder Changpeng Zhao retweeted a post from Malwarehunterr regarding a fake Trust Wallet phishing website, warning users to watch out for phishing attacks and pointing out that the URL ends in .cam rather than .com.
11:54
French alternative asset manager Tikehau Capital is seeking to make its first private equity investment in Japan, while Natixis Corporate and Investment Banking (CIB) is also expanding its M&A business in the country. Both institutions plan to leverage these moves to capture opportunities arising from artificial intelligence and the energy transition in Asia.

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