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10/25
15:37
Al Jazeera reports that Israelis will head to the polls on October 27 for an election that could challenge Prime Minister Benjamin Netanyahu’s long tenure. Opinion polls suggest his right-wing bloc is in a close race against a Jewish-led opposition alliance, but neither is expected to secure an outright majority in the 120-seat Knesset. The proportional representation system means parties will need to negotiate alliances to form a governing coalition, with Palestinian-led parties potentially playing a decisive role. Eight possible outcomes are outlined, including Netanyahu forming a coalition, an opposition alliance led by former army chief Gadi Eisenkot, or the formation of a national unity government. If no leader can assemble sufficient support, Israel could face another period of political turbulence and a new election.
15:35
Iranian Foreign Minister Abbas Araghchi stated at a public event in Tehran that the conflicts of the past year and a half were a turning point, and the regional situation would "no longer be the same." He emphasized that the region should achieve peace and stability without external interference, noting that U.S. military bases in the region have failed to bring security and instead are a source of instability. Araghchi called the Zionist regime (Israel) the sole instigator of war in the region and urged the region to completely eliminate the presence of foreign forces for its own peace and stability. He also stated that Iran and Oman have never obstructed passage through the Strait of Hormuz but have ensured its security, and stressed that the management of the Strait of Hormuz will not remain unchanged.
15:30
Houthi forces are advancing on Jabal Sabr, a strategic mountain overlooking Taiz, according to a correspondent on the ground. Houthi fighters have besieged the city and cut off the main road to Aden, the interim capital of Yemen’s internationally recognised government. The UN has warned that time is running out to deliver aid to the 800,000 people trapped inside the city.
15:22
South Korean crypto exchange Upbit announced that it has temporarily suspended withdrawals of VITE tokens due to delays in block generation for Vite (VITE). The announcement stated that this measure was taken in accordance with relevant provisions of the Enforcement Decree of the Virtual Asset User Protection Act. The resumption time for withdrawals will be announced once withdrawal stability is confirmed. Upbit emphasized that VITE token trading support has been terminated on its platform, and currently only withdrawal services are available.
15:15
Dylan Patel, founder and CEO of SemiAnalysis, and Stacy Rasgon, Managing Director at Bernstein, stated at the 35th annual CASPA conference held in the US on October 23rd that AI infrastructure investment is facing multiple challenges. Patel pointed out that rising financing costs (such as the US 10-year government bond yield breaking 5%, and unsecured bond yields for some emerging cloud service providers approaching 15%) and semiconductor supply chain bottlenecks (substrates, HBM memory, optical interconnect components) are limiting AI hashrate expansion. Rasgon added that while NVIDIA holds a performance advantage, the in-house chip initiatives of cloud vendors like Google TPU, Amazon Trainium, and OpenAI are challenging its market share and pricing power. In the memory market, strong HBM demand has led to gross margins as high as 88%-90%, but new capacity is expected to be concentrated for release after 2028, at which point the supply-demand relationship may change, and memory shortages are likely to ease.
15:14
Deutsche Bank noted that the correction in U.S. tech stocks may not be over yet, with their performance relative to the rest of the S&P 500 still having about 5 percentage points of downside to reach the bottom of their long-term trend channel.

Two weeks ago, the bank downgraded U.S. tech and large-cap growth stocks to "Neutral." In the two weeks since, tech stocks have fallen by about 7%, while the rest of the S&P 500 has risen by about 5%, a performance difference of 12 percentage points. Deutsche Bank data shows that despite the significant pullback in tech stocks, institutional positioning has not yet fallen to extremely low levels. Furthermore, about $30 billion flowed into tech funds over the past two weeks, though the latest trading day saw a net outflow of $1.5 billion. Deutsche Bank maintains its S&P 500 target price of 8000 points for 2026.
15:06
Al Jazeera analysis suggests that Israeli elections cannot bring about genuine political change, as the policy stances towards Palestinians differ little regardless of which bloc wins. The article argues that change cannot originate from within Israeli society; only external consequences, such as widespread economic and political sanctions, can compel a change in behavior.
15:03
Former US President Donald Trump stated at a campaign rally in Georgia that he should "stop killing Iranian leaders" to identify negotiation partners, claiming US military actions have already severely diminished Tehran's leadership and defense capabilities. He reiterated his account of US destruction of Iran's military and leadership, citing "Operation Midnight Hammer" in 2025 and "Operation Epic Fury" this year. Trump also defended his 2018 decision to terminate the 2015 Iran nuclear deal (JCPOA), asserting it was done "just in time" to prevent Iran from obtaining nuclear weapons.
14:18
The Muslim World League strongly condemned the Houthi attacks targeting the Saudi holy cities of Mecca and Medina. The Mecca-based organization stated that these attacks "disregard the danger of intimidating the feelings of over 2 billion Muslims, violating the values of our true religion and the most fundamental humanitarian principles." The League added that it fully supports the Kingdom of Saudi Arabia in taking all necessary measures to combat the group.
14:14
After Bitcoin fell below $80,000, prominent Bitcoin critic and gold advocate Peter Schiff warned that Bitcoin could drop further to $75,000. He noted that if this level fails to hold, it could trigger a larger decline. Previously, Bitcoin's price briefly fell to approximately $79,226 on Saturday, October 24, marking a new low in over a month. This decline led to a massive liquidation in the cryptocurrency market, with over $815 million in leveraged long positions liquidated within 24 hours. Meanwhile, US spot Bitcoin ETFs recorded a total net outflow of approximately $773 million on Thursday and Friday.
14:14
Musk retweeted a post quoting his earlier remarks, reiterating that Starlink must remain civilian in nature and can be used for military infrastructure, but not for offensive strikes. He warned that if an adversary were to destroy Starlink satellites, it would trigger a chain reaction, creating a large amount of debris and rendering space unusable.
14:07
The Korea Herald reports that the traditional correlation between the KOSPI and the Korean won is fading. In the past, their movements typically synchronized, as foreign investors selling Korean stocks and converting them to USD for repatriation would exert downward pressure on the won, and vice versa.
14:04
CryptoQuant data shows that as of October 24, Shiba Inu (SHIB) experienced a net outflow of 95.68 billion SHIB from exchanges, indicating a bullish reversal in trading activity where demand outpaced selling pressure. Despite a broader market downturn, SHIB's price has fallen over 5% in the past 24 hours, breaking below the $0.000005 support level and currently hovering around $0.000004815. Analysts believe that increased buying activity on exchanges is expected to drive a price rebound.
14:03
Israeli investment in Cyprus surged more than sixfold between 2017 and 2024, reaching €5.1 billion (approximately $5.9 billion), while total foreign investment in Cyprus declined by a quarter during the same period. This trend is significantly impacting Cyprus's tourism and real estate markets, with nearly 600,000 Israeli tourists visiting last year, accounting for almost a quarter of all visitors in August. Furthermore, Israel's political influence is also evident in Cyprus, including the appearance of Israeli opposition leader campaign posters and the formation of a pro-Israel caucus in the Cypriot parliament. Local residents express concern that the speed, scale, and nature of Israeli investment are altering the local social and political environment.
14:02
According to Al Jazeera, Israeli Prime Minister Netanyahu and his rival camps are neck and neck in popularity ahead of Tuesday's general election, engaging in fierce online competition through bots, deepfake videos, and data surveillance. The report states that Netanyahu's Likud party is accused of using bots, previously employed to undermine the Iranian government, to spread campaign propaganda and of using a new app called "Victory 26" to track voter turnout and mobilize voters in areas with low participation. Additionally, both camps have released numerous AI-generated and deepfake videos to attack opponents or enhance their own image, raising concerns about privacy and information fairness. Analysts suggest that the election outcome may be determined by voter turnout, and the use of technology is exacerbating inequalities in electoral competition.
14:01
Major Hong Kong property developers are shifting their investment focus in mainland China from residential projects to commercial assets, including hotels, in response to weak residential sales and fewer investment opportunities. They are instead prioritizing existing properties, recurring income, and debt reduction. The four major developers—CK Asset, Henderson Land, Sun Hung Kai Properties, and New World Development—have seen a significant drop in their sales revenue from the mainland. For instance, CK Asset's and Henderson Land's mainland revenue contributions fell from 52% and 25% a year ago to 2% and 4% respectively. Since 2023, these four developers have stopped acquiring residential development land through public tenders. Companies like Kerry Properties have begun purchasing commercial land in the mainland and investing in shopping malls, hotels, and mixed-use developments, aiming for long-term stable recurring income.
13:50
Israeli forces conducted overnight raids in several locations across the occupied West Bank, Al Jazeera reported. In the town of Samu, south of Hebron, soldiers searched multiple Palestinian homes and subjected residents to field interrogations, during which they damaged local property and physically assaulted residents. Additionally, Israeli forces raided the city of Tubas on Saturday evening, deploying in several neighborhoods, searching the homes of released prisoners, and damaging their belongings, though no arrests were reported.
13:48
Goldman Sachs warns that the market may be unprepared for either a December rate hike or no hike from the Federal Reserve, potentially triggering a new risk repricing. Cosimo Codacci-Pisanelli, a strategist in Goldman Sachs' Fixed Income, Currencies, and Commodities division, stated that Thursday's 17-basis-point drop in the 10-year Treasury yield, the largest single-day decline since March 2023, pushing it back below 5%, was driven by a reversal of the AI trade that had previously propelled rates higher. Goldman Sachs still views a December rate hike as the baseline scenario but believes the market will find it difficult to easily re-price a full 25-basis-point increase. The supply pressure on US Treasuries from AI capital expenditures and debt financing, along with energy prices and inflation trends, also makes the policy path harder to predict. As of October 23, Goldman Sachs data shows the market pricing in approximately a 90% chance of a December rate hike.
13:48
The Yemeni human rights organization Rasd warned that the Houthi siege on Taiz since October 4, which has closed supply routes, is threatening thousands of lives due to shortages of fuel and medical supplies. A statement released by the organization via Yemen's Saba News Agency cited UNICEF data as of October 11, stating that 98 local medical facilities are only partially operational or have completely ceased operations, 42 medical centers face severe shortages of medical supplies and oxygen, and 12 hospitals are at risk of shutdown or reduced services due to lack of fuel. The statement also noted that as of October 14, World Food Programme aid had not reached approximately 600,000 residents in Taiz, and around 800,000 people across Yemen are affected by obstructed humanitarian aid.
13:37
Bank of America strategist Michael Hartnett, in his latest "Flow Show" report, noted that despite an accelerated global inflow of funds into equities and the tech sector, he advises investors to remain tactically cautious until mid-November. He believes the market needs to digest a triple uncertainty: policy risks from the US midterm elections, Europe's efforts to curb selling pressure on French government bonds, and AI capital expenditure and financing risks. The BofA strategy team maintains a tactical view of "bond yields down, equities down, dollar down," expecting the DXY to fall below 100 and the 30-year US Treasury yield to approach 5%.
13:20
The United Nations warns that time is running out for humanitarian aid in Taiz, a city in southwestern Yemen, due to the ongoing escalation of fighting. Taiz, Yemen's third-largest city, is controlled by the internationally recognized government but has long been besieged by Houthi forces. Currently, the city is encircled from multiple directions, with residential areas along the active southern front, including near Mount Sabir, repeatedly coming under attack.
13:18
The Financial Times reports that energy trader Mercuria is challenging the "shipping Dow Jones," the Baltic Exchange, in court over losses incurred in the Strait of Hormuz. The case will test the Baltic Exchange's decision to continue publishing oil shipping price estimates through the Strait of Hormuz during wartime.
12:41
Russia’s embassy in Tehran has denied reports that its diplomats and Russian specialists working at the Bushehr nuclear power plant are planning to evacuate. The embassy stated that neither staff nor specialists have any plans to evacuate and work continues as normal, calling contrary reports "FAKES".

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