The daily market briefing
Latest News.
The stories moving markets. The context behind the headlines.
10 stories to keep you informed
- Crypto
Binance Hack Linked to North Korea: Recovery Efforts Show Positive Inflows
Binance suffered a $6.3 billion hack linked to North Korea, impacting net outflows. Recovery efforts show positive net inflows.
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- Global economy
US Job Openings Surge in September, Exceeding Expectations
US job openings rose to 7.52 million in September, exceeding expectations. This suggests potential growth in hiring activities.
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Australia Raises Interest Rates to 18-Year High Amid Inflation Concerns
Australia's central bank raised its interest rate to 4.85%, an 18-year high, due to inflation from AI and energy costs. This move aims to stabilize the economy.
Read full story - Stocks
Major Companies Object to OKX-ICE Tokenized Stocks, Impacting Venture
Major companies like Amazon, Tesla, and Nvidia object to OKX-ICE tokenized stock trading. Nearly 80% of initial stocks opt out.
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Liquid Network Restores Bitcoin Backing After $320M Exploit
Liquid Network has restored full Bitcoin backing after a $320 million exploit. The federation has not disclosed who funded the restoration.
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ARK Invest Adjusts Crypto Holdings with Coinbase and Circle Purchases
ARK Invest purchased $17 million in Coinbase and Circle shares while selling $8 million in Bullish. This reflects a strategic shift amid declining crypto stock values.
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Coinbase Faces 50% Price Target Cut Amid Revenue Concerns
Morgan Stanley cuts Coinbase's price target by 50% due to declining trading activity and Binance hack fallout. This reflects concerns over revenue prospects.
Read full story - Global economy
France Delays 2027 Budget Vote, Scraps Crypto Exit-Tax Proposals
France's National Assembly has delayed the 2027 budget vote again, with the crypto exit-tax proposals being scrapped. This affects financial planning timelines.
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Shopify Stock Declines as Q3 Revenue Misses Estimates
Shopify's stock dropped 7% after Q3 revenue and merchandise volume missed estimates, despite beating adjusted earnings forecasts. The revenue shortfall in a tough tech market contributed to the decline.
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Kraken and Crypto.com Respond to Suspected $133M EU Crypto Theft
Kraken restricted accounts after a suspected $133M EU crypto theft, while Crypto.com blocked related funds. Exchanges aim to protect users.
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The bigger picture
Every day. More perspective.
Revisit the stories and developments from previous daily editions.