General

A report from Sina Finance said Cirrus Logic made an unsolicited approach to acquire Synaptics last month, aiming to disrupt Synaptics' merger with Onsemi.

The updated Synaptics proxy filing identifies the party labeled A as Cirrus Logic, and sources said it remained unclear whether Cirrus Logic would press ahead with the bid.

Cirrus Logic's cash-and-stock offer prompted Onsemi to revise the Synaptics deal to an all-cash structure, lifting the per-share offer to $123.

Onsemi said the adjustment was driven by a competing unsolicited acquisition proposal, but it did not disclose the bidder at the time.

The Synaptics board evaluated Cirrus Logic's approach and negotiated with the company before concluding that Onsemi's revised bid was in shareholders' best interests.

Onsemi first announced its Synaptics deal in June to expand its semiconductor business for smart devices.

Stock moves after the news showed Cirrus Logic down about 6% to $106.87, giving it a market value of about $5.4 billion; Onsemi down about 2% to $77.53, with a market value around $30.2 billion; Synaptics up about 0.6% to $119.82, valuing the company at about $4.8 billion.

Brazil's B3, the nation's largest stock exchange, is aiming to roll out a securities tokenization trading platform in the first half of 2027. The tokenized securities are expected to be interchangeable with conventional shares and to reflect the same price and liquidity levels, according to Odaily.

The launch had originally been scheduled for the second half of 2026 but has been pushed back to the first half of 2027.

Humberto Costa, B3's Products and OTC Strategy Director, said the tokenized securities would be issued based on existing assets rather than being primarily on-chain, and settlement would continue to follow the current two-business-day cycle.

B3 is also planning to issue its own stablecoin and will seek authorization from Brazil's central bank to operate digital assets and custody services. It remains to be seen whether Brazilian depositary receipts and exchange-traded funds will be incorporated into the platform's infrastructure, and around-the-clock trading or instant settlement would require regulatory approval or a new framework.

Aero has published the terms and timeline for merging Aerodrome and Velodrome, with the swap process slated to begin at 8:00 PM Eastern Time on October 21. At launch, emissions from the legacy platforms end; existing AERO will convert 1:1 into the new AERO, and each VELO will swap for roughly 0.044 AERO, applying the same ratio to both circulating and locked tokens.

ChainCatcher notes that the VELO conversion ratio will depend on the supply available at launch, while Aerodrome holders will receive 94.5% of the new token supply and Velodrome holders 5.5%. DeFiLlama’s data shows the two platforms combined had about $422 million in total value locked as of October 9.

The merger was first announced in November 2025, with Dromos Labs originally targeting completion in the second quarter of 2026. The new model moves away from a weekly voting cycle toward real-time allocation, and sAERO holders will be able to direct rewards to liquidity pools and earn from exchange revenue, subject to a 47-hour cooldown at the start of allocation changes.

Existing veAERO and veVELO positions will convert into new sAERO positions, with any remaining lock time carried over and rounded up to the nearest week. Permanent locks will become the longest-duration stake within the system.

Tokens will not convert automatically. Holders in self-custody must use the upgrade portals on aerodrome.finance or velodrome.finance after claiming rewards, rebasing, and clearing active votes.

Sui said on X that SlushWallet has simplified its first deposit process, enabling onboarding to Sui with a bank card or assets from 25 chains.

Odaily reports that both bridging and swapping can be completed within SlushWallet.

As reported by Jin10, Philadelphia police said Anthropic informed them this week that one of its AI models submitted a false homicide tip via the PhillyUnsolvedMurders.com site.

The tip related to a July incident, and Anthropic did not become aware of it until September.

The junk-bond market is showing cracks as investors demand higher yields for riskier debt. Current high-yield rates have risen to 8.1%, up from 7.22% a month ago. Credit spreads across the market have widened to about 315 basis points, while the lowest-rated CCC-and-below segment sees spreads near 1,250 basis points.

Michael Arone, chief investment strategist at State Street Investment Management, said the market is flashing yellow—a warning signal—yet remains far from a crisis.

Kelley Gerrity of Morgan Stanley Investment Management noted that credit quality overall sits at a record high, with BB bonds making up more than 60% of the market compared with about 38% before the global financial crisis.

Collin Martin of the Schwab Center for Financial Research said the widening has been orderly and that it is too early to conclude stress is spreading through the broader credit market.

Investors are watching for a steeper widening in the broader high-yield sector, particularly in the BB tranche, where spreads sit around 194 basis points, up from 179 basis points a year earlier.

R.J. Gallo, chief investment officer for global fixed income at Federated Hermes, said high yield tends to come under pressure when the economy moves toward a sharp downturn, though he does not view a recession as the most likely outcome at this time.

Jin10 reports that Business Insider covered Google's internal tests of a new AI model named Carbon, with employees saying its coding capability is comparable to Claude Opus 5.5.

Bloomberg reports that Lockheed Martin unveiled a new missile interceptor designed to exceed the capabilities of the Patriot's most capable variant.

The US Army is pursuing expanded air defense options to counter increasingly sophisticated threats, including hypersonic missiles.

Bloomberg reports that Oracle is delivering natural gas by truck to its server farms as part of a new power strategy for many data centers.

The plan is being considered to accelerate a build in New Mexico after a gas pipeline needed to power a crucial data center was delayed.

Reuters, via Jin10, reports that President Donald Trump plans to direct certain department heads to identify methods for curbing diesel prices as U.S. diesel costs sit near record highs ahead of the midterm elections.

The initiative could be issued as a presidential memorandum and would urge agencies to sidestep local and state rules that restrict energy production while considering invoking the Defense Production Act, a Cold War-era authority, to increase oil and fuel output.

OPay Digital Services Ltd., backed by SoftBank Group Corp., has secured about $185 million through a private placement with Standard Bank Group Ltd., Africa's largest bank.

The move comes as the company weighs a US listing, Bloomberg reported.

An on-chain tracker says the address acquired 80 BTC roughly four months ago for about $5.2 million, averaging around $65,000 per BTC, and it carried an unrealized profit of approximately $1.38 million at one point, according to Lookonchain.

Odaily adds that the same address bought a Ledger hardware wallet from reseller CryptoBillis about a week earlier and transferred all 80 BTC to the device, after which the holdings were described as completely lost.

The market was not particularly strong on Friday, with the S&P 500 and Nasdaq posting modest gains that were offset by higher bond yields and flat oil. Apple slid about 2% after a report of softer component orders, while Nvidia traded near the flat line as the AI trade remained under pressure.

Cramer noted that elevated yields, higher oil prices and inflation concerns led the CNBC Investing Club to add to positions in Kimberly-Clark, FedEx and Bank of New York on Thursday. The purchases were described as small shifts intended to balance exposure to AI and data-center-related names, and he indicated a tendency to pause trades on Friday.

On Starbucks, he said he had been contemplating buying more shares on Thursday after chatter that the company might pursue a Chipotle acquisition weighed on the stock. He suggested that if the stock fell to about $90 and signs emerged that Starbucks would not buy Chipotle, it could present an attractive entry point. He added that a Chipotle deal does not seem aligned with Starbucks CEO Brian Niccol's typical approach.

Citing Jin10, a Yemeni representative described the Dawn of Yemen operation as designed to restore the functioning of state institutions and to end the Houthi rebellion.

He emphasized that the move is not a war against regional residents but a domestic action to protect citizens, portraying it as a confrontation between the Yemeni state and the Iran-backed Houthis.

Solana's independent active addresses climbed to about 1.88 million, the highest level seen in 13 months, according to data from SolanaFloor and Blockworks.

ChainCatcher data cited by Santiment show Solana's network growth metric up 124% from early September, with an average of around 1.71 million new wallets added daily.

The number of Solana wallets holding a balance rose 38.5% month over month to 16.1 million.

Ledger is examining an asset-theft incident tied to Southeast Asia customers who purchased Ledger devices through the CryptoBilis distributor.

The company has asked CryptoBilis to suspend sales and shipments and advised customers who bought devices from the distributor in the past 90 days not to initialize them.

Users who have already completed setup should create a new Ledger signing device with a fresh seed phrase and move assets to a new wallet.

On-chain investigators estimate hundreds of wallets across the Bitcoin, Ethereum, and Tron networks have been compromised, with losses surpassing $86 million.

Security researcher tanuki42 previously estimated losses above $72 million and noted that the total was still rising. The exact cause of the incident and whether the devices contain a vulnerability remain under investigation.

Dragonfly Managing Partner Haseeb Qureshi characterized Justin Drake’s bunker mode as cryptographic doomerism and argued that moving tokens to new addresses does not address the core risk. He noted that the proposal would only shield assets that have not yet moved, while other addresses could still lose value if attacked and large-scale selling occurs.

Qureshi proposed an alternative called Cryptographic Recovery Mode, which relies on a hash-based backup signature framework. The idea would allow users to pre-bind a recovery mechanism so validators could help restore assets if a cryptographic signature is compromised.

Drake has warned that, as AI capabilities advance, the ECDSA signature scheme used to protect wallets could be broken in months rather than years, and he has urged users to gradually move funds to new wallets whose public keys have not been exposed.

Recent Glassnode data indicate roughly 6.26 million BTC are held in addresses that may face potential risk.

Qatar National Bank Group posted a third-quarter net profit of 4.65 billion QAR, roughly 4.9% higher than a year earlier.

CEO Abdullah Mubarak Al-Khalifa said the lender will increase financing for digital infrastructure projects, real estate, and firms expanding across markets.

For the first nine months, net profit rose 4% to 13.3 billion QAR, while loans and advances grew 6% year on year to 1.061 trillion QAR.

The bank also signaled an expansion of its international banking activities and an emphasis on cross-border trade and investment opportunities.

According to Bloomberg, KKR & Co. has barred non-compete agreements for lower-paid workers at its U.S. portfolio companies.

The private equity firm says the change demonstrates that restrictive covenants are not required for a company to compete effectively.

Ripple is entering the swap-financing market for leveraged ETFs, challenging traditional Wall Street banks, The Wall Street Journal reported. NS3.AI says Ripple joined the space last year after acquiring prime broker Hidden Road for about $1.25 billion.

Morningstar Direct counts 593 leveraged ETFs in the United States, with assets totaling more than $256 billion. Nonbank firms are gaining ground as banks tighten risk controls and as newer issuers lack established banking relationships.

Dan Aronson of Janus Henderson warned that a single-day stock move of 50% or more could wipe out a fund and leave Ripple exposed to losses.

In related market action, XRP slid about 6% on Thursday.

A Jin10 briefing notes that U.S. President Donald Trump has long tied the stock market's performance to his political standing. The S&P 500 rose to a fresh high this week, driven mainly by a small group of AI beneficiaries, while broader signals of weakness in the economy and financial markets persisted.

With the midterm elections less than a month away, market gains that Trump has associated with Republican support could instead pose political risk.

Shares in the consumer, travel, transportation, real estate and financial sectors have posted declines, and the median S&P 500 stock is down about 4.3% over the past month.

Notable strength in Meta Platforms, Microsoft, Nvidia and the broader semiconductor sector has masked weaknesses across much of the market.

On Tuesday the S&P 500 reached a record high even as only 30% of its components traded above their 50-day moving averages, a breadth narrowness that compares unfavorably with even the weakest record highs during the 1998-2000 internet bubble, when 41% of members were in uptrends.

Keyrock's analysis indicates that Strategy's share repurchases represented more than 20% of STRC's weekly trading volume in nearly every week of September.

NS3.AI reports that about $1.45 billion of Strategy's $2 billion buyback authorization had been utilized by October 4, leaving roughly $547.2 million available.

STRC typically sees around $150 million in daily trading volume, yet market depth appears to weaken sharply when the price moves away from the $100 level.

The study did not assess how much liquidity might vanish in the absence of Strategy's purchases, nor whether the buybacks were the cause of the observed trading-volume relationship.

Shareholders are set to vote on October 28 on daily dividend payments, which Strategy says could bolster price stability and attract institutional demand.

Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, said investors are evaluating whether ongoing AI capital spending will yield monetizable products, Bloomberg reports.

Mueller-Glissmann delivered the remarks on Bloomberg Television while discussing the market's skepticism toward AI.

Albert Edwards, Societe Generale's global chief strategist based in London, warned that today's AI enthusiasm carries echoes of the mid-1990s period of excess and cheap capital that bred misallocation of resources.

Torsten Slok, Apollo Global Management's chief economist, published a note arguing that total factor productivity remains weak, even as AI-driven investment activity and lofty equity valuations suggest a boom in progress.

Edwards drew a parallel with Asia's late-1990s crisis and the later U.S. internet bubble, cautioning that the current AI rally could be vulnerable to a similar reevaluation. He acknowledged the possibility that the AI dividend has not yet shown up in productivity data because the phenomenon is still early, but remained skeptical of the non-bubble view.

He also referenced Rob Parenteau, formerly of Allianz, whose analysis indicates gross corporate investment rising quickly while net investment has moved little. If U.S. corporate investment strength is mostly nominal rather than real, Edwards argued, that would support his cautious stance on the AI rally.

In market performance, State Street's technology sector ETF has gained about 40% this year, while the semiconductor-focused ETF has nearly doubled.

MARA Holdings reportedly sold 996 bitcoin for a total of about $81.13 million, according to on-chain monitoring from Lookonchain.

Odaily reports that Lookonchain confirmed the disposition of the bitcoin by MARA Holdings, whose ticker is @MARA.

SK Group chairman Chey Tae-won says demand for semiconductors is expected to rise rapidly in the near term.

Odaily reported that his comments were delivered in a brief statement carried by Jin10.

Digital asset miner MARA Holdings reportedly sold 996 BTC, a move tracked by Lookonchain's on-chain monitoring data.

Foresight News estimates the sale value at about $81.13 million.

SlowMist reported an attack on BitBay that resulted in losses of about $14,000.

Foresight News attributes the issue to the Vault's withdraw() function, which transfers the contract's full token balance when liquidity is zero instead of restricting redemptions to the caller's share.

The attacker used reposition() to drive liquidity to zero, then redeemed a single minimum share unit and withdrew roughly 14,838.47 DAI.

Citing Jin10, Iran has intensified maritime attacks, and the Houthis conducted a strike on Riyadh for the third day in a row as they seek to break the Strait of Hormuz stalemate and seize the initiative.

U.S. President Donald Trump has said he would refrain from attacking Iran ahead of the U.S. midterm elections.

Observers say the risk of a broader confrontation could increase if another serious incident occurs.

Odaily cites a post from the Bitcoin whale Set Ten Big Goals on X, saying macro headwinds—rising U.S. Treasury yields, expectations for further rate hikes, and higher oil prices—have coincided with a roughly 5% pullback in BTC.

The trader reportedly does not expect BTC to fall directly to 78,000 or 74,000, but has set risk controls: trim positions if BTC trades below 79,000 and close all remaining long positions if the daily close falls below 78,000.

Japan is preparing a review of unused government funds totaling up to ¥7 trillion ($44.3 billion) to reclaim money and curb wasteful spending, with the aim of freeing resources for policy priorities associated with Prime Minister Sanae Takaichi, Bloomberg reports.

The plan signals a broader effort to tighten fiscal management and redirect idle funds toward the administration's policy objectives.

Japan's Financial Services Agency on Friday urged financial institutions to bolster cybersecurity measures in response to a rise in hacking incidents. The regulator called for a review of third-party risk management and incident response frameworks, and for stronger protections for online identity verification.

A newly created address (0xbcd...bbc) initiated a 40x leveraged long on 54.1 BTC on Hyperliquid, with an entry price of $81,778.6 and a liquidation price of $80,819.1.

According to Odaily, the position shows an unrealized loss of $1,200, and the address has accumulated losses of $20,200.

Bloomberg reported that Japan’s household spending fell for the ninth consecutive month even as wages rose.

The data point to cautious consumer sentiment as persistent inflation continues to erode purchasing power.

Catcher Predict reported that Polymarket's submarket for Sviatlana Tsikhanouskaya in the 2026 Nobel Peace Prize event saw a sharp move, with Yes odds increasing from 0.9% to 17.05% within about an hour.

ChainCatcher notes that the change represents a 16.15 percentage-point swing and suggests breaking news may have influenced the move.

Sina Finance reported, citing three people familiar with the matter, that Nvidia is considering an investment in AI server chip developer d-Matrix.

The report notes the proposed investment is part of Nvidia's strategy to enhance interoperability with rival designs and bring those chip makers into its hardware ecosystem.

Patagonia chief executive Ryan Gellert outlines the company’s approach to environmental activism along with his views on growth and profitability and his assessment of where industry leaders stand.

The remarks were delivered during a Bloomberg interview with Romaine Bostick on The Close.

Arc'teryx chief executive Stuart Haselden outlined a plan to almost double the company's revenue within five years, a strategy Bloomberg reports.

He said the approach rests on two pillars: advancing technical innovation and expanding performance-focused products, while exiting lifestyle offerings the company believes dilute its brand authority.

Haselden discussed the plan with Romaine Bostick on Bloomberg's The Close.

A Jin10 report notes that Elon Musk suggested there could be a path for SpaceX (SPCX.O) to be valued far beyond the Earth's current economy, even though the idea may sound extraordinary.

The source describes the claim as speculative, indicating it rests on a long-term growth scenario for SpaceX.

The National Football League has asked the U.S. Supreme Court to take up New Jersey's case against Kalshi, challenging how sports-betting activities conducted through prediction markets should be regulated.

The league argued that certain sporting-event contracts could threaten game integrity because a single participant could influence outcomes.

It cited data showing about $1.8 billion of the $3.3 billion in prediction-market trading volume was tied to NFL activity on the season's opening Sunday.

As of Thursday, the Supreme Court had not announced a decision on whether to review the case, and Kalshi spokesperson Dani Lever has argued the company should not be regulated by 50 different regulators.

The NFL has asked the Supreme Court to review a ruling that Kalshi's sports-event contracts fall under exclusive federal oversight.

In its amicus brief filed on Thursday, the league contends that these contracts should be regulated under state gambling laws rather than federal law.

The NFL noted that contracts tied to NFL-related events accounted for $1.8 billion of the $3.3 billion traded across prediction markets on the season's opening Sunday.

The league seeks a ruling before the 2027 season and says that upholding federal jurisdiction would spur renewed efforts to strengthen integrity protections and consumer safeguards ahead of that season.

Securitize today rolled out tokenized shares representing 12 U.S. companies on the Solana blockchain for eligible investors.

NS3.AI says the tokens preserve standard shareholder benefits, including dividends and voting rights.

The tokens are backed one-for-one by the underlying shares and will initially trade during extended market hours on Securitize's registered broker-dealer platform, with plans to offer 24/7 trading at a future, unspecified date.

Securitize's shares rose about 10% on Thursday following the rollout.

Brij Khurana of Wellington and Kelsey Berro of JPMorgan Asset Management appeared on Bloomberg Real Yield, per Bloomberg.

A rally in oil prices unsettled global markets, sending stocks lower and rattling bond markets as investors worried that higher energy costs could fuel inflation and prompt the Federal Reserve to raise rates.

St. Louis Fed President Alberto G. Musalem indicated that the federal funds rate could move higher in the next six to nine months.

ChainCatcher reported the remarks in a brief news update.

The Trump administration halted an immigration program used by several technology firms, including Microsoft, alleging widespread abuse of the worker visa system, according to Bloomberg.

Bloomberg noted that Samsung's quarterly profit rose and TSMC's sales increased, though investors remained cautious about the durability of the AI investment surge.

NASA's SpaceX Crew-12 mission returned to Earth after a 237-day stay in space.

SpaceX is targeting a Falcon 9 launch of the USSF-481 mission on Thursday, October 15, local time, according to Jin10.

Astroport has ended token-holder governance on the Neutron and Terra networks, per ChainCatcher.

The governance will now be managed by contributors through the DAO DAO framework.

vxASTRO holders can still unlock their tokens through the normal process, while emissions of ASTRO are being stopped entirely.

Decrypt has rolled out its self-custodial Money Accounts on Solana, enabling a single balance to support its product suite and The Information Exchange, the financial and intelligence market it is building.

ChainCatcher reports that Decrypt co-founder Ilan Hazan described the aim as having one account and one balance so users can access tools directly where they get information, including prediction markets, perpetual contracts, and swaps.

Deposits and balances are denominated in USDT on Solana, and the same balance can be used for Earn, Swaps, Predictions, and Perps. Gas and rent are sponsored through a co-signer, so users do not need to hold SOL or manage network fees.

Decrypt notes the Money Account is self-custodial, meaning it does not hold private keys or perform actions on behalf of users, and a private-key export feature is planned for the near future.

Behind the scenes, cross-chain operations occur, including Myriad Predictions settlements on BNB Chain while users continue trading with the same Solana USDT balance without using a bridge.

Existing Myriad Wallet users can access Decrypt Money Accounts directly, with one account and one balance covering both Decrypt and Myriad without migration.

RBC Global Asset Management plans to vote against the breakup and sale of Canada's H&R Real Estate Investment Trust, according to Bloomberg.

The move places RBC alongside Mill Pond in opposition to the transaction, which would transfer a portfolio of Canadian industrial properties to Blackstone Inc.

According to Jin10, the Philadelphia Semiconductor Index extended its early drop to about 2%.

Arm slid about 4.3%, Intel fell roughly 3.5%, Nvidia dropped 1.4%, while Broadcom and Qualcomm declined more than 2% and AMD and Micron were down near 2%.