William Blair Investment Management's Chief Investment Strategist Olga Bitel says the broad market remains narrow as investors favor the largest beneficiaries of the AI expansion.

She shared the perspective during Bloomberg's Open Interest program.

The International Energy Agency and the European Union have discussed a plan to tap into crude oil and diesel inventories in conversations with diplomats and analysts.

ChainCatcher reported that the Group of Seven agreed last Friday to release 100 million barrels of oil.

Refinery damage tied to the wars involving Iran and Ukraine has pushed diesel prices higher, with implications for inflation and the transportation sector.

Solana's stablecoin ecosystem has crossed 14.02 million holder addresses, a record high and a sharp increase from the under-4-million level reported at the end of 2024.

ChainCatcher data indicate Solana stablecoin supply surpasses $15 billion, and cumulative stablecoin card transaction volume exceeds $1 billion.

The Solana Foundation has launched Solana DvP, an open-source delivery-versus-payment framework designed to settle tokenized assets and cash in a single atomic transaction. The system relies on segregated custody and targets settlement within seconds, reducing the risk that one side completes a trade while the other fails.

J.P. Morgan contributed input on institutional settlement needs during development, and the audited Solana DvP standard covers tokenized stocks, funds, and other real-world assets.

BlockBeats reported on October 7 that a HyperLabs address associated with the Hyperliquid development team redeemed 3.75 million HYPE, approximately two minutes after submitting an unstaking request seven days earlier.

On-chain detection estimated the redeemed tokens were worth about $332 million at the time of the move.

Solana has rolled out x402 batch payment capability through PayAI Network and BlockRunAI, enabling AI agents to initiate several USDC transfers and settle them in a single on-chain transaction. Odaily notes that BlockRunAI has already adopted the technology in its AI model routing service.

The providers say consolidating multiple model calls into one USDC settlement could save more than $20,000 in monthly network fees and reduce latency by about tenfold. The service connects to more than 113 AI models via a single endpoint.

Anza, a Solana development firm, said an upgrade to bring block times down to 200 milliseconds is expected to go live at around 15:00 UTC on October 9. The network has previously reduced block times from 400 milliseconds to 350, 300 and 250 milliseconds.

Pacific Coast Energy Co. (PCEC), a California-based oil producer, has begun operations in Venezuela and aims to double its local crude output to about 40,000 barrels per day within six months.

The company said it started operations in the Delta and Cabimas blocks in the third quarter and has reactivated more than 50 wells producing heavy crude.

The two blocks currently produce around 19,300 barrels per day, and PCEC says they have the potential to sustain a peak production of up to 160,000 barrels per day for the next 10 years.

According to a Jin10 report, Syria is positioned to offer an alternative path for Iraqi crude exports to bypass the Strait of Hormuz, with plans to move tankers overland to Mediterranean ports.

Syria's state oil company chief, Yousef Qablawi, said Baghdad has asked Damascus to assist with crude exports, expanding cooperation beyond the current fuel-oil transport arrangement between the two countries.

Iraq is already moving some fuel oil by convoy overland to Syria's Mediterranean port at Baniyas, where the cargo is loaded onto tankers for overseas markets.

Parthenon Capital Partners pressed for a larger profit share, commonly described as \"super carry,\" as it sought to broaden its control of Kroll Bond Rating Agency, Bloomberg reported.

The deal contemplated a new fund that would hold the portfolio company, enabling the private equity firm to extend its management role.

The U.S. 30-year Treasury yield briefly rose to 5.7041% on Wednesday, a level not seen in 24 years as global bond yields moved higher again.

Data provider NS3.AI attributed the move to inflation worries, rising government debt concerns and a rebound in oil prices that weighed on markets.

Investors awaited the Federal Reserve's September policy meeting minutes and the day's 10-year Treasury note auction, which could influence demand for government debt.

A 30-year Treasury auction scheduled for Thursday was expected to test appetite for long-duration U.S. bonds.

U.S. Treasuries continued to soften, with the 30-year yield climbing to its highest level since 2002.

NS3.AI data showed crude oil prices moving above $100 a barrel, fueling worries that inflation could accelerate and encourage further policy tightening by major central banks.

The move in the U.S. debt market also spread to Europe, lifting the UK 30-year gilt yield back to 6%.