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2026/10/30
Tech Sell-Off Erases $1 Trillion from Nasdaq in a Week
A technology-stock sell-off has removed nearly $1 trillion from the Nasdaq exchange's value in one week and about $2 trillion in a month. The selling started earlier this month and accelerated after leading technology companies delivered disappointing earnings. US markets lost hundreds of billions o
Tether Q3 Net Operating Profit Reaches $1.5 Billion, Excess Reserves Nearly Double
Tether CEO Paolo Ardoino stated that Tether's net operating profit for the third quarter of 2026 was approximately $1.5 billion, with USDT outstanding reaching about 183.5 billion as of September 30, and excess reserves of approximately $7.95 billion—nearly doubling since the end of the second quart
GoMining Cuts Instant Funds Fees, Stablecoin Access Cheaper for Bitcoin Holders
Bitcoin mining platformGoMining has reduced fees for its Instant Funds service, allowing users to access stablecoin liquidity using Bitcoin or digital miners as collateral without selling their assets.The updated fee structure lowers the maximum service fee from 2.5% to 2%, while the minimum remains
Bitcoin miner dispute over transaction exclusion sparks fee loss debate
CoinDesk reports:The Bitcoin mining pool Ocean has come under scrutiny over allegations of transaction censorship. Developer Kruw accused a miner of excluding his transaction in block 973,817, resulting in transaction fees 7.68% lower than the expected template.According to Kruw, Ocean miner Powre e
Aven Completes Oversubscribed $304.2M HELOC-Secured Securities Offering
CoinDesk reports:Campbell, California, October 30 (PRNewswire) — Aven Financial completed its first asset-backed securities offering, which was oversubscribed with a transaction size of $304.2 million.The issuance is named the AVNHT 2026-HE1 Trust, backed by 6,786 fixed-rate, fixed-term receivables
Solana partners with a Hong Kong-licensed issuer to expand the $14 billion stablecoin market
CoinDesk reports:Although mainland China continues to strictly prohibit cryptocurrency trading, the U.S.-based Solana Foundation has taken a significant step in the region by signing a strategic agreement with Hong Kong-based licensed issuer Anchorpoint Financial Limited.This partnership will launch
Ping Identity Named Leader in the 2026 Gartner Magic Quadrant for CIAM
CoinDesk reports:Denver, October 30 /PRNewswire/ -- Ping Identity has been named a Leader in the 2026 Gartner Magic Quadrant for Customer Identity and Access Management (CIAM), with the highest ranking for Ability to Execute.Being named a Leader in Gartner’s Magic Quadrant for CIAM is a defining mom
Microsoft Outpaces Cloud Rivals with Strong Azure Growth and Positive Free Cash Flow
By Hannah Pedone and Emily BaryVarious factors indicate that Microsoft is in a better financial position than its cloud rivals, analysts sayCEO Satya Nadella has won back Wall Street's trust.After spending a good chunk of the past year in Wall Street's doghouse, Microsoft currently stands as the win
Bitcoin ETFs Attract $441M Over Four Days, Zcash ETF Extends Inflow Streak
TL;DRBitcoin ETFs recorded $440.73 million in inflows over four consecutive sessions, although they attracted just $17.07 million on Thursday.Ethereum and Solana funds accumulated weekly outflows of $275.69 million and $60.74 million, respectively.Grayscale’s Zcash ETF extended its inflow streak to
Eli Lilly Shares Hit 52-Week High as Analysts Raise Price Targets
Eli Lilly shares gained 3.60% to $1423.15 at publication on Friday, extending momentum after Thursday's better-than-expected third-quarter results and sales guidance increase. Benzinga Pro data showed Lilly shares reaching a new 52-week high. Several analysts increased price targets following the ea
Polygon Expands Open Money Stack to Support Solana's $2 Trillion Stablecoin Transfers
Key takeawaysPolygon adds Solana support to its banking infrastructureSolana processes over $2 trillion in quarterly stablecoin transfersBusinesses gain integrated bank deposits and cross-chain payoutsPolygon has expanded its Open Money Stack to support Solana, allowing businesses to connect bank ac
Tether Q3 Earnings Reach $4.5 Billion as Bitcoin Reserves Exceed USDT Buffer
Tether's third-quarter attestation, released Friday, showed earnings of $4.5 billion for the first nine months of 2026. Tether holds $8.37 billion in Bitcoin reserves, exceeding the $7.95 billion buffer available to protect USDT holders against a shortfall. The buffer almost doubled from $4.11 billi
Tether's Bitcoin Reserves Exceed USDT Safety Net Amid $4.5 Billion Earnings in 2026
Tether's third-quarter attestation, released Friday, showed earnings of $4.5 billion for the first nine months of 2026. Tether holds $8.37 billion in Bitcoin reserves, exceeding the $7.95 billion buffer available to protect USDT holders against a shortfall. The buffer almost doubled from $4.11 billi
Nasdaq-100 Loses Over $2 Trillion in October as AI Spending Concerns Grow
Key takeawaysNasdaq-100 faces over $2 trillion in October valuation lossesAmazon, Google and Intel deepen technology stock selloffRising AI spending and debt worry Wall Street investorsThe Nasdaq-100 is on track to lose more than $2 trillion in market value during October as Wall Street grows increa
KLA Reports Strong Q1 2027 Earnings Amid AI-Driven Growth and Sector Weakness
KLA shares traded at $159.01, down 5.03%, at publication on Friday amid renewed worries about AI investment and weakness throughout the semiconductor sector. The decline occurred despite strong fiscal 2027 first-quarter results and an upbeat forecast.KLA reported $1.22 in adjusted earnings per share
