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2026/10/22
Hong Kong stocks closed lower, with the tech index dropping 5.03%.
Huo Xing Finance reports that on October 22, according to market data, the Hang Seng Index closed down 3.03% and the Hang Seng Tech Index closed down 5.03%: Zhipu fell 7.86%, MiniMax fell 6.52%, Innovent Biologics fell 8.70%, Horizon Robotics-W fell 8.76%, WuXi Biologics fell 9.03%, TianShu AI fell
KuCoin Futures to Adjust Max Leverage and Risk Limits for Multiple Perpetual Contracts on October 23
As per Announcement, KuCoin Futures will adjust the maximum leverage and risk limit of multiple perpetual contracts for Isolated Margin between 10:00 - 11:00 UTC on October 23, 2026. The changes will affect contracts such as MVLLUSDT, AMZNUSDT, MSFTUSDT, and others, with updated leverage and risk li
ByteDance GenAI Commercialization Head Wen Shi Lei Allegedly Resigns, May Join Octopus Dynamics
Huo Xing Cai Jing reports, according to Dongcha Beating AI News, Wen Shilei, Head of Commercial GenAI R&D at ByteDance, has reportedly left the company, with his next move potentially being as a partner at embodied AI company Octopus Dynamics. Wen joined Baidu in 2011, where he served as Head of Vis
MarsBit: Pre-Market Decline in Storage, Cloud Computing, and Optical Communication Sectors
Huo Xing Finance reports that on October 22, according to BIT (Bit.com) market data, pre-market trading in the U.S. saw broad declines across the storage, cloud computing, and optical communications sectors: Micron fell 3.52%, SanDisk fell 4.50%, SK Hynix fell 4.23%, Western Digital fell 3.58%, and
Goldman Sachs Launches $500M AI Initiative for Small Businesses
Goldman Sachs announced Thursday that it launched the Small Business AI Institute within a $500 million expansion of the bank's 10,000 Small Businesses program. The existing program provides education and support for entrepreneurs. Goldman said the bank would collaborate with Google, Anthropic, Open
ByteDance's DouBao Mobile Assistant expands its app blocklist to 166, adding 22 new apps.
ChainCatcher reports, according to Phoenix Tech on October 22, ByteDance’s Doudou Mobile Assistant has expanded its “Blocked App List” from 151 to 166 apps, with 22 new applications added. The newly added apps span categories such as travel and business, recruitment and career, tools and health, and
Trump Administration's Crypto Scam Crackdown: Seized Funds and Victim Counts Differ
UNLOCK Blockchain and AMBCrypto report different total figures for crypto seized and victims notified in the Trump administration's overseas scam crackdown.UNLOCK Blockchain and AMBCrypto report different total figures for crypto seized and victims notified in the Trump administration's overseas sca
XRP Ledger patch delayed until November due to validator support shortfall
According to ME News, on October 22 (UTC+8), the XRP Ledger vulnerability patch reset its countdown to implementation after support from validators dropped from 35 to 26. The patch is now delayed until November. Support has since recovered to 31 validators, but the two-week countdown must be recalcu
Whale Sells 36,000 XMR for $3.44M Profit, Misses $4.77M in Potential Gains
According to Ai Yi monitoring, the whale address that heavily invested in XMR since August 9 has completed its full exit and taken profits on October 20. The address’s average entry price was $383.23, and the average exit price was $513, resulting in the sale of 36,000 XMR and a profit of $3.441 mil
France's 10-year bond yield spread against Germany reaches a 15-year high.
Huo Xing Finance reports that the yield spread between French 10-year government bonds and German bunds has risen to a 15-year high of 160.9 basis points. The yield on French 10-year government bonds increased by 6 basis points to 5.0601%, reaching its highest level since July 2002. Fiscal pressures
Indonesia's 'Buy Indonesia' Campaign Aims to Restore Investor Confidence Amid Market Turmoil
President Prabowo Subianto's administration has appealed to economic nationalism after Indonesia suffered the worst stock-market decline since the 1998 Asian financial crisis. The Jakarta Composite Index (JCI) dropped 11% on Friday. Selling continued over the following days. Prabowo addressed the tu
IBM CEO Says Open AI Models Offer 90% Effectiveness at 10% Cost
IBM Chairman and CEO Arvind Krishna questioned enterprise spending on frontier AI models during the company's third-quarter 2026 earnings call. Krishna said open-weight models deliver about 90% of frontier models' effectiveness. Krishna put open-weight models' token costs at 10% to 25% of frontier m
SAP Q3 Revenue Exceeds 10 Billion Euros for the First Time
According to the Zhitong Financial News app, the German software giant SAP SE (SAP.US) achieved a milestone in the third quarter by surpassing €10 billion in quarterly revenue for the first time, with cloud business growth exceeding expectations, indicating that the AI boom has not diminished market
France's Borrowing Costs Rise Amid Unrest and Political Deadlock
France's 10-year borrowing cost rose above 5% again in early Paris trading on Thursday. The borrowing cost had reached that threshold on Wednesday for the first time since 2002. France is recovering from the most severe urban riots in years and preparing for further confrontations. Riots, political
Whale sells 36,000 XMR for $3.44M profit, misses $4.77M gains as XMR rises 12%
Huo Xing Finance reports that, according to AI Aunt monitoring, the smart money that had heavily invested in Monero (XMR) since August 9 sold its entire position of 36,000 XMR on October 20, realizing a profit of approximately $3.441 million. The average purchase price was around $383.23, and the av
