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Cobo Wallet App will cease operations on December 1, 2026. Users must withdraw all assets before the deadline to avoid a 2% monthly management fee on remaining balances, with the first charge scheduled for January 1, 2027.
Read MoreFrench lawmakers have proposed amendments to the 2027 budget targeting digital assets, including extending capital gains tax to stablecoin trades, imposing exit taxes on high-value holders leaving France, mandating disclosure of self-custodied assets, and allowing 10-year loss carryforwards. The proposals are under review and not yet law.
Read MoreCredit default swap prices for tech giants like Microsoft and Nvidia have surged, some doubling. This signals growing investor doubt about whether the massive AI investment boom can generate sufficient returns to justify the heavy debt loads, raising concerns about financial sustainability.
Read MoreOctober 16 saw a broad selloff in major tech stocks on the Nasdaq, with nine of the top ten companies by market cap closing lower. Apple was the sole gainer amid pressure on giants like Microsoft, Nvidia, and Meta.
Read MoreCircle reported approximately $1.4 billion in revenue for the first half of 2026, with over $800 million allocated to USDC distribution partners and transaction costs. Partner earnings are tied directly to the scale of USDC they custody, as on-chain settlement volume and platform balances hit record levels.
Read MoreOn October 16, shares of AI computing infrastructure provider CoreWeave plummeted 15.5% in a single trading session. Data indicates short sellers gained approximately $806 million in paper profits from the steep decline, highlighting shifting sentiment in the high-flying AI sector.
Read MoreKey developments emerged on Oct 16: traditional finance expanded Bitcoin access, Japan's central bank signaled continued rate hikes. New Layer 2 scaling solutions surfaced, while AI firm's unauthorized crypto payments raised compliance concerns.
Read MoreFresh economic data fueled a broad sell-off in U.S. Treasuries, pushing yields higher across the curve. The 10-year yield surpassed 5.12%, while shorter and longer-term rates also climbed. This move signals shifting market expectations about economic resilience and the Federal Reserve's policy trajectory.
Read MoreThe US stock market opened mixed on October 16th. While the Dow and S&P 500 edged higher, the Nasdaq dipped slightly. Tesla gained on its new Roadster reveal, and Apple rose due to strong iPhone pre-sales. The storage sector remained under pressure, opening lower for the fifth consecutive session, highlighting ongoing investor caution.
Read MoreOn October 16th, Strategy's stock fell by 4% as MSCI issued a warning about its potential removal from global indices. This development raises concerns over the asset's market standing and investor appeal.
Read MoreOn October 16, the Philadelphia Semiconductor Index fell nearly 2%, marking its eighth consecutive day of losses. This prolonged downturn signals significant pressure and uncertainty within the global semiconductor sector.
Read MoreChangXin Technology forecasts a net profit of 131-132.5 billion yuan for the first three quarters of 2026, marking a year-on-year turnaround from loss to profit. The surge is driven by explosive global AI computing demand, boosting DRAM industry sentiment, creating supply shortages, and pushing prices significantly higher amid high capacity utilization.
Read MoreCXMT's chairman proposed a share buyback plan worth 1 to 2 billion yuan, using internal or raised funds. The repurchased shares are intended for employee equity incentives or capital reduction, with execution within 12 months. This move signals confidence in long-term value and aims to strengthen talent retention.
Read MoreA Barclays report exploring a potential Tesla-SpaceX merger has ignited prediction markets. Traders now see over a 50% chance of a merger by early 2027, with contract probabilities soaring from 29% to 56%, signaling strong market belief in this transformative possibility.
Read MoreCharles Schwab, a giant in traditional finance, now allows its clients to purchase Bitcoin directly through their accounts. This move, impacting over 40 million US users, signals a significant step towards mainstream cryptocurrency adoption by major financial institutions.
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