STOCKS | South Korean Stocks Fall 6% to Nearly Three-Month Low
According to Jin10, Japanese and South Korean stocks opened lower as a global selloff in chip stocks continued and investors grew more cautious about the sustainability of the AI investment boom and the earnings outlook for related companies. The Nikkei 225 fell more than 3% intraday, Kioxia dropped more than 8%, and South Korea's KOSPI fell for a seventh straight session, at one point sliding 6% to its lowest level since July 31. Semiconductor heavyweight stocks were the main drag, with Samsung Electronics down more than 7% and SK Hynix down more than 8%. The Korea Exchange later activated a sidecar mechanism on the KOSPI, suspending programmatic sell orders.
Bastion presses SkyAI over SOL sales after treasury shrinks 70%
Bastion Trading, which holds nearly 10% of SkyAI, is demanding an explanation for the sharp drop in the Solana treasury company’s SOL holdings ahead of a proposed $3-per-share buyback. According to The Block, Bastion said it will not join the tender offer until SkyAI addresses concerns and reiterated calls for a full board overhaul. SkyAI said it held more than 2 million SOL on Sept. 14, then disclosed in an Oct. 11 buyback announcement that it had sold around 1 million SOL. An 8-K filed Tuesday put the remaining balance at about 600,000 SOL, a 70% reduction in less than a month.
European Banking Authority Designates USDC as EU's First Significant E-Money Token
The European Banking Authority has designated USDC as the European Union's first significant e-money token, according to The Defiant. According to ChainCatcher, financial supervision of USDC will be transferred to the European Banking Authority on November 12. France's Prudential Supervision and Resolution Authority will continue to oversee USDC governance and other corporate matters.
Patrick Witt Exits White House Crypto Role as Clarity Act Stalls
Patrick Witt's tenure as the administration's top crypto adviser has come to an end, with a White House official telling The Block in an email Wednesday that Witt's "detail has expired." "The White House appreciates his time and service to the Trump Administration, and wish him the best of luck in the future endeavors," the official added. The departure came after reporting from Crypto In America's Eleanor Terrett that Witt is a Department of Defense employee and was in a temporary position at the White House Crypto Council. Witt led efforts in Washington to pass broad crypto legislation, the Clarity Act, as executive director of the President's Council of Advisors for Digital Assets. The House passed its version over a year ago, and Witt later worked to guide negotiations in the Senate. The Senate version, however, has multiple pitfalls, including a fight between banks and crypto over how to treat stablecoin rewards and ethics, and addressing US President Donald Trump's vast crypto wealth — the latter became the major sticking point behind the bill's failed initial procedural vote last month, as Democrats raised concerns the language would not be enforceable given that the Justice Department, not states, would decide whether to bring an enforcement action against the president. Witt is the third top crypto lead to leave the White House: Crypto and AI Czar David Sacks left in March after his 130 days as a special government employee were up, and Witt's deputy director Harry Jung left in July. Witt had originally planned to leave in July due to mandatory training for the Georgia Army National Guard, but said his training had been postponed; the White House did not answer direct questions on who would replace him. "The American digital asset industry wouldn't be where it is today without Patrick Witt, who worked at the highest levels of government to make the United States the crypto capital of the world," said Blockchain Association Chief Policy Officer Lindsay Fraser in a statement. "He never lost sight of what American leadership in this technology demanded, and when the issues got hardest, he was the one who brought every side to the table and kept them there." Kristin Smith, president of the Solana Policy Institute, said Witt brought energy and dedication to a tough job. "Building consensus on crypto market structure was no small task, and his tireless efforts helped advance the debate," Smith said in a statement. "We're grateful for his service and wish him the very best."
Richard Heart, founder of HEX and the Layer 1 blockchain PulseChain, was detained at a residence in Istanbul during a joint operation by Turkey's National Intelligence Organization and police, according to Bitcoin.com News citing Turkish media Sözcü. According to ChainCatcher, authorities seized about $4 million in cash, 53 Rolex watches, 11 Patek Philippe watches, firearms, ammunition and a large number of electronic devices, and Heart's wife, A.K., was also detained. The U.S. Securities and Exchange Commission previously accused Heart of raising more than $1 billion through unregistered securities offerings tied to the projects and of misappropriating at least $12 million to buy luxury goods. The related lawsuit was dismissed in 2025 over jurisdiction issues. Heart is also wanted by Finnish authorities over alleged serious tax evasion and an assault case.
AI TRENDS | Anthropic Says Q3 Revenue Rose to $16.8 Billion and Turned Profitable
According to Jin10, Anthropic told investors that its third-quarter revenue jumped to $16.8 billion and that it was profitable in the period. The company also said adjusted profitability was achieved, quarterly revenue rose nearly 50% from $11.5 billion in the second quarter, and cash flow was positive. Anthropic added that chips and data centers are essential for training and running AI models and are its largest expenses. The Claude model developer is seeking support for its planned blockbuster IPO, which is widely expected to be the highest-valued listing in history.
Bitcoin Whales Accumulate as U.S. Spot ETF Withdrawals Reach $744.3 Million
Bitcoin whales increased holdings to 3.03 million BTC ahead of Wednesday's U.S. inflation report, according to a CryptoQuant report dated Oct. 13. According to NS3.AI, Farside Investors data showed U.S. spot Bitcoin ETFs recorded $744.3 million in net withdrawals across six trading sessions through Oct. 12, before attracting $175.7 million on Oct. 13 and narrowing net withdrawals across seven sessions to $568.6 million. Economists surveyed by Reuters expect September headline inflation to rise to 3.6% from 3.4% in August. Stronger-than-expected inflation could extend Bitcoin selling pressure, while softer inflation may support renewed investment.
TradFi News | Hot CPI Print Lifts US Inflation to 3.7%, Gold Drops $40
US consumer price inflation accelerated to 3.7% in September from 3.4% in August, overshooting the 3.6% economists expected. Core CPI rose to 2.6% from 2.4%, also above forecast. Gold fell roughly $40 within minutes of the release to $4,129.60 an ounce and silver dropped $1 to $58.07.Gasoline Did Most of the DamageThe 1.1 point gap between headline inflation at 3.7% and core at 2.6% is the whole explanation.Average US regular gasoline rose 7.3% over the month, from $4.058 to $4.355 a gallon, on EIA data. Energy is excluded from the core measure, so a fuel spike lands entirely in the headline number and leaves core largely untouched.That makes this a supply-driven print rather than evidence of broad price pressure — a distinction central banks weigh heavily, because monetary policy does little about the price of crude.Core Didn’t Accelerate, It Failed to SlowCore CPI came in at 0.3% month over month against the 0.2% expected, and the framing matters.August core was also 0.3%. Forecasters were looking for a step down that didn’t arrive, so the beat reflects stalled progress rather than a fresh acceleration. Underlying inflation is running at the same monthly pace it did last month, which annualises to roughly 3.7%.Headline monthly inflation did accelerate, to 0.6% from 0.4%, consistent with the fuel move.Metals Sold Off on the Rate ReadGold and silver both fell, which is the mechanical response rather than a surprise.Hot inflation pushes expected rate cuts further out. Later cuts mean higher real yields for longer, and higher real yields raise the opportunity cost of holding assets that generate no income. Gold and silver are the clearest examples, so they take the hit first.A stronger dollar on the same logic compounds it, since both metals are priced in dollars.The Fed Watches a Different GaugeCPI moves markets, but the Federal Reserve’s stated target is the PCE price index, which weights healthcare and housing differently and has been running cooler.August PCE came in softer than forecast, and policymakers have leaned dovish in recent remarks. A hot CPI driven by gasoline sits awkwardly against that, and it is unlikely to settle the next decision on its own.The signal to watch is whether the core monthly pace breaks below 0.3%. Until it does, the case for cuts rests on labour market weakness rather than on inflation returning to target.
Ethereum(ETH) Drops Below 2,500 USDT with a 0.34% Decrease in 24 Hours
On Oct 14, 2026, 09:35 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,500 USDT and is now trading at 2,497.810059 USDT, with a narrowed 0.34% decrease in 24 hours.
Solana has scheduled its Alpenglow consensus upgrade for October 21, with a target transaction finality time of roughly 150 milliseconds. According to NS3.AI, the Solana Foundation expects epoch 1064, which triggers the transition, to begin around 15:00 UTC that Wednesday. Alpenglow will replace TowerBFT, under which finality currently takes about 12.8 seconds. Vote transactions will move off-chain, which is expected to sharply reduce reported transaction counts and transactions per second without reducing real activity. October 21 will deliver only Alpenglow's Votor voting protocol, while the Rotor block-data broadcasting upgrade has no date.
Chainlink Data Feeds and Data Streams Launch on Stellar
Chainlink's Data Feeds and Data Streams have officially launched on the Stellar network. According to Foresight News, Stellar said developers can use the services to access reliable market data and build DeFi applications such as lending markets, prediction markets, and perpetual contracts, supporting the network's more than $4 billion RWA ecosystem.
Sui Unveils Samsung Wallet, Google Cloud, And 40.6M TPS Plans
Sui said Samsung Wallet will integrate USDC transfers on 82 million U.S. Galaxy devices, while Mysten Labs and Google Cloud are building Verifiable Agent Arbiter to prove whether AI agents followed instructions. Sui also reported a 40.6 million transactions-per-second stress test, according to BeInCrypto, though the figure measured activity inside programmable offchain tunnels rather than mainnet transactions. The announcements came at Sui’s Basecamp conference in Singapore as the network seeks broader adoption heading into 2027.
Michael Saylor Says AI Could Destroy Value in Human Labor-Dependent Companies, With Capital Shifting to Real Estate, Gold, and Bitcoin
Michael Saylor warned that AI could destroy much of the value of companies that rely on human labor and talent, leaving stock investors exposed to significant risk. According to Odaily, he said capital will increasingly move toward scarce assets that AI and robots cannot produce more of, including real estate, gold, and Bitcoin. Saylor added that capital investors will look for assets that robots cannot manufacture in greater supply.
Ondo Finance TVL Tops $4 Billion as Tokenized Stocks and ETFs Exceed $1.3 Billion
Ondo Finance said its platform’s total value locked has surpassed $4 billion, marking a new milestone. According to Odaily, tokenized stocks and ETF assets on the platform have exceeded $1.3 billion, and cumulative holders across its products have topped 1 million. Ondo said it is expanding from tokenized U.S. Treasuries into asset classes including stocks, ETFs, portfolios, and private markets. The company said Ondo Stocks connects to traditional exchange liquidity through a request-for-quote mechanism and supports permissionless transfers of tokenized assets across Solana, Ethereum, and BNB Chain through wallets and applications.
Osmosis Plans Vote on Ending OSMO Inflation on October 20
Osmosis community forum discussions have begun on a proposal to end OSMO inflationary issuance. According to ChainCatcher, the proposal would stop the mint module’s daily OSMO emissions, with staking rewards coming entirely from protocol revenue. The proposal is targeted for an on-chain vote on October 20. It would also pause daily developer vesting releases, leaving about 51.9 million OSMO remaining in the vesting module account. Any future release of those tokens would require a separate governance decision. The proposal says that, at the current burn rate, about 2% of OSMO supply is destroyed each year, with no new issuance to offset it.
Trader Holds PONS Position After $2,200 Buy, Sees More Than $1 Million in Unrealized Gains
Foresight News reported that Arkham said trader 0xnobi began buying PONS on the token's first day of launch in July and has not sold any tokens since. According to Foresight News, the trader's $2,200 investment is now showing about $1.03 million in unrealized gains, representing a return of roughly 468 times the initial amount.
Strategy's Michael Saylor Expects More Bitcoin Buying Ahead of Bull Market
Strategy Executive Chair Michael Saylor said Tuesday that the company could increase its Bitcoin holdings ahead of an expected bull market. According to NS3.AI, Saylor expects Bitcoin to rise back above $100,000 during this bull cycle. He also defended earlier Bitcoin sales and said Strategy remains a net acquirer. The company bought 250 BTC for $21.5 million last week and currently holds 848,250 BTC.
DIFC Court Uses Avalanche to Verify Cross-Border Document Authenticity
Dubai International Financial Centre (DIFC) Courts have used Avalanche to generate non-transferable NFT-style digital authenticity credentials for court orders and hearing records. According to Foresight News, only encrypted hashes and credentials are stored on-chain, while the document contents remain private. Recipients anywhere in the world can verify within seconds whether a document was issued by DIFC Courts and has not been altered, without accessing the court's internal systems. The move supports Dubai's digital strategy and D33 economic agenda, and aligns with the United Arab Emirates' UAE PASS digital identity system, which is also adopting Avalanche technology.
BNB Drops Below 730 USDT with a 1.92% Decrease in 24 Hours
On Oct 14, 2026, 15:57 PM(UTC). According to Binance Market Data, BNB has dropped below 730 USDT and is now trading at 728.97998 USDT, with a narrowed 1.92% decrease in 24 hours.
Circle minted 250 million USDC on the Solana network, adding about $250 million in new stablecoins. According to NS3.AI, the minting occurred at 00:50 and the transaction was successfully confirmed.
Sui Lending Protocol Scallop Launches Self-Custody Browser Wallet
Sui lending protocol Scallop has launched Scallop Wallet, a self-custody browser wallet now available in the Chrome Web Store. According to ChainCatcher, the wallet lets users manage assets, swap or buy crypto assets, compare lending rates within the Sui ecosystem, and track their positions in Scallop from a single interface.
Investors Can Now Participate in SATS Perpetual Preferred Stock IPO Through Fidelity
Strive Vice President Joe Burnett said on X that investors can now participate in the SATS perpetual preferred stock IPO through Fidelity. According to Odaily, Burnett made the statement in a post on the platform.
Binance to Support IoTeX (IOTX) Network Upgrade and Hard Fork
According to the announcement from Binance, the exchange will suspend deposits and withdrawals of token(s) on the IoTeX (IOTX) network starting at approximately 2026-10-19 01:00 (UTC) to support a network upgrade and hard fork. The upgrade and hard fork are scheduled to take place at block height 53,533,081, or approximately at 2026-10-19 02:00 (UTC). Binance said trading of token(s) on the IoTeX network will not be impacted, and it will handle the technical requirements involved for all users. Deposits and withdrawals for token(s) on the network will reopen once the upgraded network is deemed stable. No further announcement will be posted. The announcement said the action is intended to support the network upgrade and hard fork while maintaining user experience. Binance did not indicate any change to trading activity for token(s) on the affected network. The exchange also stated that deposits and withdrawals will remain suspended only during the upgrade process and will resume after stability is confirmed. The notice did not provide additional operational details beyond the timing of the suspension, the block height for the upgrade, and the expectation that services will be restored after the network is stable.
OpenAI Says Former Employee Sent Over 100 Unreleased Product Files to Personal Account
According to Jin10, OpenAI filed documents in Apple's trade secret lawsuit saying that a former OpenAI employee who later joined Apple sent more than 100 files involving unreleased OpenAI products to a personal account and briefed Apple's senior management on products OpenAI had not yet released.
U.S. President Donald Trump Says Attack on Iran Was Defensive
According to Jin10, U.S. President Donald Trump said the reason for attacking Iran was defensive, because he did not want Iran to have weapons capable of killing millions of people with a single strike.
Sui Developments Strengthen Adoption Prospects, But SUI Demand Remains Uncertain
Sui's Basecamp conference brought several developments that could support adoption, including Samsung Wallet integration, a Google Cloud project and a reported speed record. According to NS3.AI, Samsung Wallet is integrating USDC transfers over Sui on 82 million US Galaxy devices, with no network fees or need to buy SUI first. Mysten Labs and Google Cloud are also developing Verifiable Agent Arbiter, a project designed to prove whether AI agents followed instructions. Sui said it reached 40.6 million transactions per second in a live stress test, although the figure measured activity inside offchain tunnels rather than transactions directly executed on mainnet. The key question heading into 2027 is whether these initiatives translate into measurable network usage and stronger demand for SUI.
Robinhood Says More Than 150,000 Users Have Opened AI Trading Accounts
Robinhood CEO Vlad Tenev said in a recent interview that a large share of retail trading could eventually be initiated by AI. According to ChainCatcher, he said agents could monitor markets around the clock and handle trades across stocks, options, and cryptocurrencies, while most capital may still remain in long-term holdings. Robinhood allowed users in May to connect third-party AI agents for trading through MCP, and by the end of September it said more than 150,000 customers had opened dedicated trading accounts after integrating agents directly into its app. Funds are still restricted to separate accounts, and agents can view information from users' other accounts but can place orders only within the dedicated account after users transfer funds in manually. Tenev said it would not be technically difficult to connect agents directly to primary accounts, but the company is choosing to expand permissions gradually. He also said the built-in agent requires users to approve each trade by default, while external agents connected through MCP do not require per-trade approval unless users turn it on themselves. He added that he envisions retail investors deploying trading strategies on servers located close to exchanges to reduce order latency, and wants ordinary investors to use such infrastructure without needing to understand data centers or network engineering. Robinhood has not yet offered that service and has not announced a launch timeline.
Rocket Pool Governance Vote Supports rETH Withdrawals and Keeps 4 ETH Bond
Rocket Pool governance voters supported rETH withdrawals, kept the 4 ETH bond setting, and chose a random megapool exit mechanism. According to ChainCatcher, voters also delayed a proposal related to expanding on-chain governance. The full Saturn 2 upgrade plan still requires formal approval before it can take effect.
CREW Sues Jared Kushner to Block His Role as U.S. Diplomatic Envoy
According to Jin10, the Washington-based Citizens for Responsibility and Ethics in Washington (CREW) sued U.S. President Donald Trump's son-in-law Jared Kushner on Wednesday, seeking to block him from serving as a volunteer government diplomatic envoy without disclosing his personal finances and potential conflicts of interest. CREW said Kushner is deeply involved in major U.S. diplomatic affairs and should be treated as a formal government employee subject to financial disclosure and ethics rules. Kushner's lawyer said the lawsuit has no legal basis, while the White House said his business activities are unrelated to his diplomatic work and that he pays the related expenses himself.
PRL Breaks Above $1.90 to Hit All-Time High, Rises More Than 60% in 7 Days
PRL rose above $1.90 to reach an all-time high, according to market data. According to Odaily, the token has gained more than 60% over the past 7 days.
US MARKET CLOSE | US Stocks Fall as Chip Selloff Extends, September CPI Tops Forecast
The S&P 500 declined 1.11% to 7,718.94 and the Nasdaq Composite dropped 1.88% to 26,692.87 on Wednesday, while the Dow Jones Industrial Average slipped 48.62 points, or 0.09%, to 51,621.48, with healthcare stocks including UnitedHealth and Amgen cushioning the blue-chip index's decline. According to Sina Finance, the selloff was driven by AI-related trading losses and investor reaction to September consumer inflation data that exceeded expectations. September CPI rose 0.6% month-over-month and 3.7% year-over-year, above the 3.6% forecast, while core CPI increased 0.3% MoM and 2.6% YoY, also exceeding economist estimates of 0.2% and 2.5%. Osaic chief market strategist Philip Bracato said this makes a December Federal Reserve move highly likely and projected core CPI could reach 3% next year given rising oil prices. Chip stocks extended their recent slide, with Micron Technology falling 4% after a 3% drop on Tuesday, Advanced Micro Devices and SanDisk each declining over 5%, and Intel dropping 4%. CoreWeave plunged more than 15% and Oracle fell nearly 9% amid concerns about excessive debt use in the AI boom. WTI crude futures rose 1.01% to $95.09 per barrel, while Brent crude gained nearly 1% to $106.50. Bank of America fell about 5% after third-quarter revenue missed expectations and the bank faced over $1.2 billion in federal penalties for failing to report more than $5 billion in suspicious transactions. Morgan Stanley beat quarterly estimates but still closed down nearly 3%. BlackRock shares rose 3% after adjusted EPS of $15.93 beat the expected $14.13, with assets under management climbing from $13.46 trillion to $15.49 trillion. ASML's US-listed shares fell 1% despite the company reporting that equipment demand would remain unmet for the next two years. GameStop rose 2% after CEO Ryan Cohen purchased 844,000 shares. Albemarle surged 3% after Mizuho upgraded the stock to outperform. Dell fell over 2.5% and HPE nearly 4% after Barclays downgraded both to neutral. The US 10-year Treasury yield fell 1 basis point to 5.19%, while the 30-year yield dropped 2 basis points to 5.58%. The dollar index held at 102.17, and spot gold declined 0.3% to $4,142.85.