Crypto Market Overview - Bitcoin (BTC) and the broader crypto market experienced a decline on Thursday, with the CoinDesk 20 Index (CD20) falling over 1% to 4,163 points, despite the Federal Reserve's minutes indicating a bias towards more rate cuts [1] - The strength of the dollar index (DXY) is contributing to the decreased appeal of USD-denominated assets, including cryptocurrencies [1] U.S. Economic Context - The ongoing U.S. government shutdown is causing traders to remain cautious, awaiting Fed Chair Jerome Powell's speech for insights on future policy direction [2] - Recent jobs and inflation data are temporarily on hold, adding to the uncertainty in the market [2] Global News Impact - President Trump's announcement of a peace deal between Israel and Hamas has brought some optimism, with potential hostage releases expected by Monday, although oil prices have slightly increased above $62, indicating trader caution regarding the agreement's sustainability [3] Developments in the Crypto Sector - Helius, a digital asset treasury company for Solana (SOL), plans to acquire at least 5% of Solana's supply [4] - Coinbase has launched decentralized exchange (DEX) trading within its app for U.S. users, excluding New York [4] - Polymarket's founder hinted at a potential launch of their native token, POLY [4] Traditional Market Insights - Gold prices remain strong above $4,000, showing resilience against the dollar's rally [5] - S&P 500 futures are stable near record highs, while JP Morgan's CEO Jamie Dimon expressed significant concern about a potential major stock market drop in the coming months [5]

Company Updates - Ferrari's stock declined by 5.9% after announcing its 2030 strategic plan, which includes a projected adjusted EBITDA of at least €3.6 billion, despite an upgrade to its 2025 guidance and a commitment to increase its dividend payout to 40% of net profit starting from 2025 [2][7] - HSBC Holdings' CEO indicated the bank's financial strength for acquisitions, following its proposed purchase of Hang Seng Bank, aimed at streamlining operations and investing further in the Hong Kong market [6][7] - Danone shares gained after JPMorgan Chase placed the company on a positive watch ahead of its upcoming results [9] Economic Developments - Spot silver reached a record high of $49.58 per ounce, reflecting strong investor demand for precious metals amid global uncertainties [3][7] - An adviser to Japan's Takaichi and Honda recommended caution for the Bank of Japan regarding interest rate hikes, suggesting a potential increase in December rather than October [4][7] - China clarified that its export curbs are not targeted at any specific country, particularly concerning rare earths, amidst ongoing trade tensions [7][8] Geopolitical Events - Conflicting reports emerged regarding a ceasefire between Israel and Hamas, with an Israeli Deputy Foreign Minister initially stating a ceasefire was in effect, later clarified as pending a government vote [5][7]

阿根廷比索汇率贬值危机引发的市场资金紧张，继续拖累当地金融市场。 当地时间10月8日，阿根廷短期利率飙升，凸显出流动性收紧。 随着近几周危机加剧，阿根廷总统哈维尔·米莱领导的政府已在多个方面采取干预措施，试图阻止比索 贬值，包括恢复部分外汇管制，并在期货市场抛售美元。但政府越是努力支撑比索，当前汇率不可持续 的现实就越发明显。 政府多方干预 10月31日到期的当地政府债券Lecap债券收益率从前一日的76%跃升至97%；11月28日到期的债券收益 率从74%升至近87%。 她还表示，阿根廷的当务之急是积累储备。"当国家能够承担债务偿还义务，能够应对国内压力，并且 拥有强大的储备实力时，他们当然能够继续实施其计划，并获得阿根廷人民支持"。 她同时表示，"我的梦想是阿根廷能够完全自力更生，他们拥有繁荣的一切要素，欠缺的只是政策层 面。" 中期选举面临挑战 米莱眼下非常希望避免阿根廷陷入进一步的危机。据悉，阿根廷将于10月26日举行中期选举，这对米莱 来说是一个关键的考验，如果比索贬值，将加剧通货膨胀，给米莱的中期选举带来负面影响。 米莱需要获得参众两院的支持，才能推进他最具挑战性的自由市场经济改革。如果其所在政党 ...

Market Overview - US stock futures are stable as investors evaluate optimism surrounding AI and potential interest-rate cuts amid a government shutdown [1] - S&P 500 futures remain unchanged after a record close, with Dow Jones and Nasdaq 100 also showing minimal movement [1] Gold Market - The rally in gold has slowed down due to profit-taking, retreating from its all-time high of approximately $4,060 [2] - The ongoing federal shutdown has affected scheduled data releases, including jobless claims, shifting focus to upcoming earnings reports [2] Company Earnings - PepsiCo reported quarterly profit and revenue beats, marking the beginning of the third-quarter earnings season, with major bank reports expected next week [3] - Delta Air Lines is also set to release its earnings results on Thursday [3] Federal Reserve Insights - Investors are anticipating comments from Chair Jerome Powell at the Federal Reserve's bank conference, following positive sentiment from the minutes of the September policy meeting [4] - The minutes indicated a consensus among officials for at least two more rate cuts this year [4]

Core Insights - North Dakota is set to launch the "Roughrider Coin," a state-backed stablecoin, in 2026 through the Bank of North Dakota, aiming to enhance the state's digital finance strategy [1][3] - The Roughrider Coin will be fully backed by U.S. dollars and developed in collaboration with financial technology firm Fiserv [1][4] - This initiative positions North Dakota as the second U.S. state to issue a government-backed stablecoin, following Wyoming's earlier initiative [1] Financial Transactions - The stablecoin will initially facilitate interbank financial activities, including loan settlements, overnight lending, and construction advances among community banks and credit unions in North Dakota [2][6] - The primary goal is to enhance the speed and security of financial transactions within the local banking system [2][6] Historical Significance - The coin is named in honor of former U.S. President Theodore Roosevelt and his Rough Riders regiment, reflecting Roosevelt's historical connection to North Dakota [4] - The design and naming of the token are inspired by Roosevelt's legacy in the state, where he lived and contributed to the establishment of the Theodore Roosevelt National Park [4] Technological Framework - The Roughrider Coin will utilize Fiserv's new FIUSD digital asset platform and ensure interoperability with other stablecoins through technology from Paxos Trust Co. and Circle Internet Group Inc. [5][4] - The Bank of North Dakota aims to leverage its 106-year history to lead in the banking and fintech space, adapting to new financial technologies [6] Future Plans - While the initial focus is on institutional transactions, the Bank of North Dakota may consider offering stablecoin-based deposit accounts to clients in the future [7][6] - Unlike Wyoming's stablecoin, which is aimed at broader consumer use, the Roughrider Coin will not be available for retail payments in the near term [6]

Founder Departure - Digital banking app cofounder Nik Storonsky has left the United Kingdom following the removal of a tax break [1] - The departure is part of a larger trend of wealthy founders and investors leaving the UK [1]

Jonathan McKernan, an attorney who specialized in banking and consumer financial laws, has won US Senate confirmation to the top domestic finance job at the Treasury Department https://t.co/QgevfmrtuA ...

Core Insights - Stolt-Nielsen Limited successfully placed a new senior unsecured bond issue of NOK 1.5 billion, maturing on October 22, 2030, with a coupon rate of 3 months NIBOR + 225 bps p.a. and quarterly interest payments [1] - The bond issue was significantly oversubscribed, indicating strong investor interest [1] - The company has swapped the new bond into USD obligations at a fixed interest rate of 5.934% [1] Company and Industry Summary - Joint Bookrunners for the bond issue included Danske Bank, DNB Carnegie, Fearnley Securities, and Nordea [2] - An application will be made for the bonds to be listed on the Oslo Stock Exchange [2] - Certain primary insiders and close associates subscribed and were allocated bonds in the bond issue [2]

Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed.The meeting summary indicated near unanimity among participants at the Federal Open Market Committee that the central bank's key overnight borrowing rate should be cut due to weakness in the labor market.They split, however, on whether there should be two or three total reductions this year, including the quarter ...

Group 1: Global Payments and Technology - Global Payments has launched its Genius payments technology in higher education, targeting on-campus merchants and facilities in the U.S. and Canada [1] - The Genius system includes features like inventory management and support for various payment methods, marking a shift towards a more payment-focused strategy [7] - The rollout follows a significant acquisition and divestiture strategy, including the sale of its issuer business to FIS for $13.5 billion and the acquisition of Worldpay for $22.7 billion, expected to close in early 2026 [8] Group 2: Lloyds Banking Group and PayPoint - Lloyds Banking Group is closing 136 branches as part of its digital transformation, while PayPoint has seen over £3 million (approximately $4 million) deposited using its barcode cash deposit feature since August [2][4] - The barcode cash deposit feature allows customers to deposit cash into their debit accounts without visiting a traditional branch, with a limit of £300 per transaction [3] Group 3: Walmart's OnePay - Walmart's OnePay fintech aims to provide banking services to underbanked populations and has recently expanded its offerings to include phone plans and credit card services [5] - OnePay is planning to introduce cryptocurrency trading and custody services, indicating a broader trend among banks and firms to tap into cryptocurrency demand [6] Group 4: BBVA and AI Integration - BBVA is utilizing Apple Intelligence's Image Playground to allow customers to design Visa-branded payment cards, starting with virtual cards and planning to introduce physical cards [9][10] - The bank has also partnered with Google to enhance its internal AI capabilities, including the deployment of generative AI tools [11] Group 5: Mastercard and Open Banking - Mastercard is expanding its open banking technology through partnerships, enabling account-to-account payments without requiring card details, which enhances user experience [12][13] Group 6: Coinbase and Stablecoins - Coinbase has introduced P2P transfers for USDC stablecoins, providing a fee-free alternative to traditional P2P payment apps [14] - The platform has also enabled users to lend USDC stablecoins with yields up to 10.7%, enhancing its competitive position in the payments landscape [16] Group 7: India's UPI and Biometric Authentication - India's Unified Payments Interface (UPI) is set to implement biometric authentication, allowing users to approve payments using facial recognition or fingerprints [17][18] Group 8: Ramp and AI in Finance - Ramp has launched an AI agent designed for accounts payable, automating tasks such as coding invoices and streamlining approvals, aiming for near 100% automation in certain workflows [19][20]