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SoftBank-backed digital finance platform OPay is reportedly planning a New York IPO to raise around $500 million, including a private placement. The move signals a major expansion step, though details remain unconfirmed.
Read MoreMarvell launches its second-generation Structera X 3406 and 3506 CXL memory expanders, targeting AI inference workloads. As the industry's first six-channel CXL 3.2 memory expander, a single controller supports up to 9TB DDR4 or 6TB DDR5 memory, with samples expected in Q1 2027.
Read MoreMicrosoft launches its third-generation Maia 300 AI chip, set for production in 2027. Each rack delivers 7x more AI processing power and 40% better efficiency than GPUs, aiming to power internal services like Microsoft 365 Copilot while reducing reliance on external suppliers.
Read MoreOn October 12, the Saudi-led coalition conducted airstrikes in the Shibam Kawkaban area of Al Mahwit province, Yemen, controlled by Houthi forces. The strikes reportedly damaged civilian property, highlighting ongoing tensions in the region.
Read MoreBitmine now holds 6.03M ETH, nearing 5% of total supply after adding 12,532 ETH last week. With 5.07M ETH staked generating potential $400M annual yield, its $16.2B crypto portfolio demonstrates institutional conviction in Ethereum's long-term value.
Read MoreBitcoin has broken below the $83,000 support level, currently trading at $82,998 with a 0.17% 24-hour decline. Heightened market volatility underscores the need for investors to exercise caution and implement robust risk management strategies.
Read MoreMarket data shows TAO has fallen below the key $290 level to $289.9. Despite a 24-hour gain of 2.08%, volatility remains high. Investors should monitor trends closely and exercise prudent risk management amid fluctuating conditions.
Read MoreMayer Brown has appointed former CFTC Senior Special Advisor Danielle Abada as a partner in its Capital Markets practice. Her deep regulatory experience in crypto, blockchain, and AI at the CFTC will help clients navigate the evolving derivatives and digital asset landscape.
Read MoreSaudi Arabia plans to increase its land-based oil pipeline capacity bypassing the Persian Gulf to 10 million barrels per day within 2-3 years, nearly matching its total peacetime output. This strategic move aims to secure export routes amid geopolitical risks in the Strait of Hormuz, with existing pipelines operating near capacity and contingency plans in place.
Read MoreMorgan Stanley has increased its price target for eBay (EBAY.US) from $127 to $132. This adjustment signals renewed analyst confidence in the company's strategic direction and financial resilience.
Read MoreBinance has launched Binance AI, offering personalized trading through adaptive interfaces and AI features. It includes custom layouts, portfolio tracking, voice alerts, smart tips, and market briefings updated every 4 hours. The rollout is gradual, with warnings that AI outputs may contain errors and should not be the sole basis for investment decisions.
Read MoreBitcoin markets absorbed over 220,000 BTC last week while exchanges saw net outflows, signaling strong buyer demand despite distribution pressure. Analysts indicate the bullish structure remains intact as supply tightens.
Read MoreBitcoin and gold edged lower this week as a stronger dollar and rising Treasury yields weighed on risk assets. All eyes are on Wednesday's US inflation data, which could shift Fed policy expectations. Separately, a former crypto miner's AI deal sparked a pre-market stock rally.
Read MoreFrance's National Assembly finance committee rejected the revenue section of the 2027 budget bill, nullifying previously passed crypto tax amendments. Proposals must be resubmitted, with votes scheduled for October 20 and November 17. Measures included expanding exit taxes, taxing stablecoin conversions, and requiring declaration of high-value self-custody wallets.
Read MoreRussia's presidential spokesman said Putin would order a halt to attacks on any Ukrainian election day, but rejected Zelensky's proposal for a 60-day ceasefire to organize elections. Moscow emphasized it seeks a comprehensive peace deal, not a temporary truce, while questioning the legality of Zelensky's leadership amid the conflict.
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