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Ministers from OPEC and non-OPEC oil-producing countries met in Riyadh, Saudi Arabia, reaffirming their commitment to maintaining stability in the oil market through a joint mechanism. OPEC+ stated that disruptions in energy transportation have caused shipping and insurance costs to exceed one-third of the value of commodities, hindering the transportation of crude oil and refined products, and increasing inflationary pressures on the global economy. Countries will continue to monitor the situation and cooperate with international organizations to improve shipping conditions.

According to the Miner Weekly briefing published by BlocksBridge Consulting, Bitcoin mining companies expanding into the fields of artificial intelligence and high-performance computing are facing significantly different borrowing costs, with lenders increasingly scrutinizing large data center projects. The briefing points out that securing large AI clients is only part of the challenge; mining companies also need to raise billions of dollars to purchase computing power equipment, build data centers, and ensure the power infrastructure required for contract fulfillment. BlocksBridge indicates that large lending institutions have become more selective about data center loans, with decisions increasingly depending on client qualifications, contract terms, and project completion paths.The transition from Bitcoin mining to AI infrastructure by IREN reflects the differences in financing costs: the company secured $3.65 billion in GPU financing in June at a blended interest rate of 6%; in August, it completed another $2.4 billion financing with a fixed interest rate of 9%. The two agreements correspond to different projects and are not directly comparable, but they show that even within the same company, borrowing costs can vary significantly. Financing arrangements may also incur costs beyond interest; in another transaction involving Cipher Digital, Google guaranteed a $1.4 billion lease obligation in exchange for warrants representing a 5.4% equity stake in Cipher, with exercising the warrants potentially diluting existing shareholder equity.The rise in financing demand highlights the overall challenges mining companies face in entering the AI market. Data from VanEck shows that during the peak of the Bitcoin bull market in October last year, mining company debt surged by approximately 500% compared to the second quarter of 2024.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Catania: Sean Cuenin vs Izan Almazan Valiente," the "Over" option in the sub-market "Catania: Sean Cuenin vs Izan Almazan Valiente Match O/U 23.5" experienced a drastic fluctuation in winning probability, plummeting from 99.5% an hour ago to the current 50.5% (a fluctuation of 49%). Please note the impact of related breaking news.

Investment bank StoneX has raised the target price for the tokenization platform Securitize from $12 to $18, an increase of 50%, while maintaining the buy rating given by analyst Mark Palmer. This adjustment comes on the first trading day after the launch of Securitize Stocks, which saw the stock drop by as much as 10% in early trading on Monday, with the new target price still about 45% higher than the stock price at that time. Palmer noted that although SECZ's stock price rose last week due to the news of the platform's launch, the market still views it as a tokenization service provider, while the company has actually evolved into a market operator.StoneX pointed out that in the second quarter, Securitize's trading volume of $5.3 billion generated most of its tokenization revenue from integration fees, with the trading volume itself being almost unmonetized. The launch of Securitize Stocks is expected to change this situation, allowing the company to start charging fees from trading and services, and potentially earning collateral-related income in the future. Last week, the platform introduced stocks such as Apple, NVIDIA, and Tesla to Solana, with transactions settled in USDC, and the tokens backed one-to-one by the underlying stocks, allowing holders to enjoy dividends and shareholder rights.StoneX expects Securitize's revenue to approach $120 million in 2027, growing to about $198.5 million in 2028, with an annual growth rate of approximately 65%. Based on Palmer's target price of $18, the corresponding enterprise value to revenue multiple for the 2028 forecast is about 14.5 times. The firm believes that as the scale of tokenized stock trading fees expands, the company's revenue structure will shift from one-time integration fees to ongoing trading and service charges.

According to the Financial Times, Mark Zuckerberg stated that Meta Platforms (META.O) has reached the "cutting edge" of artificial intelligence and rejected calls to slow down development.

An important ruling has been made by a UK court regarding the cross-border asset recovery dispute involving over 61,000 Bitcoins related to the illegal fundraising case of Tianjin Blue Sky Ge Rui in China. On October 12, local time, a judgment obtained by Caixin from the High Court of England and Wales indicated that the UK High Court determined that the property rights claims made by Chinese investors regarding the Bitcoins in question should be judged according to Chinese law rather than UK law.This means that approximately 16,000 Chinese victims who have participated in the UK recovery process may not be able to share in the substantial appreciation gains brought about by the soaring Bitcoin prices under UK law, and can at most recover their principal and interest.

Cryptocurrency analyst Darkfost stated that the Bitcoin long-term holder SOPR (Spent Output Profit Ratio) has re-established itself above the 1.1 annual average line and maintained that level, indicating that the average profit margin achieved by long-term holders over the past year is about 10%. Currently, the weekly average of BTC long-term holder SOPR is 1.25, and the monthly average is 1.16, both above the annual average, suggesting an improvement in market conditions and that long-term holders are starting to realize profits again.Darkfost pointed out that this change is worth comparing to the previous bear market: at that time, as the bear market approached its end, long-term holders also began to profit again. He believes that moderate profits in the market are a positive signal and may further boost investor expectations for the future market.

The media and conference organization NEXTPredict announced that it has executed the first trade in the flight cancellation market through Kalshi to hedge investments for its October summit, locking in $3 million in guarantees. The company paid a premium of $12,000, and if the cancellation rate of flights arriving at New York's Kennedy International Airport on October 21 exceeds 50%, the contract will automatically pay out, covering the summit costs, as October 21 is the main travel day for attendees. Susquehanna acted as the market maker for this transaction.Kalshi launched the flight cancellation market after self-certifying the contract with the U.S. Commodity Futures Trading Commission (CFTC) on July 14, allowing participants to trade on whether the cancellation volume at specific airports exceeds preset thresholds. This market does not target individual flights and has clear anti-manipulation clauses. NEXTPredict is a media and event platform focused on the global prediction market industry, launched by the NEXT.io team. Its flagship event, the "Global Prediction Market Summit," will be held from October 22 to 23, 2026, at Convene Hudson Yards in New York, bringing together founders, executives, investors, and policymakers.NEXTPredict and Kalshi position this trade as institutional hedging, similar to how airlines hedge against fuel costs or farmers hedge against crop yields, rather than betting on the fate of the summit.

According to Gate market data, the decline in the U.S. stock market's storage and optical communication sectors has narrowed.In the storage sector, Micron Technology (MU) fell by 2.88%, Western Digital (WDC) fell by 2.11%, SanDisk (SNDK) fell by 5.68%, Seagate Technology (STX) fell by 3.62%, and SK Hynix (SKHY) fell by 3.67%.In the optical communication concept stocks, Applied Optoelectronics (AAOI) fell by 6.47%, Coherent (COHR) fell by 7.14%, Credo (CRDO) fell by 5.69%, Lumentum (LITE) fell by 1.57%, and Nokia (NOK) fell by 2.99%.

According to Bitcoin Magazine, U.S. Congressman Warren Davidson stated in an interview video published by Bitcoin Magazine that the future of currency is closely linked to the future of Western civilization.He pointed out that the U.S. is burdened with about $40 trillion in debt, and since 2020, the dollar has lost about 30% of its purchasing power. The rising risk of default and inflation are driving up interest rates, and those without physical assets will lose purchasing power. Davidson is the founder of the Sound Money Caucus.In the interview, Davidson also discussed the end of the debate vote on the Clarity Act and its Section 305's threat to self-custody, as well as whether the bill will be reintroduced after the midterm elections, and topics such as open-source developer protection and the Trump family ethics clause. He also mentioned the American Reserve Modernization Act and the issue of the U.S. government holding Bitcoin, and responded to whether Bitcoin has become a partisan issue.Additionally, Davidson expressed his views on central bank digital currencies, financial surveillance, and reforms to the Bank Secrecy Act, referring to stablecoins as "Hydra-like" central bank digital currencies, and discussed the GENIUS Act. He urged Bitcoin supporters to defend freedom in the midterm elections and warned that the direction of the monetary system's development will determine the trajectory of Western civilization.

According to Bitcoin Magazine, Lorenzo Valente, the Director of Digital Asset Research at Ark Invest, stated in a video interview with Bitcoin Magazine that despite Bitcoin's lackluster performance and even decline this year, Ark Invest has not changed its long-term view, still considering Bitcoin over a five-year cycle and believing its development is still in the early stages. He also introduced Ark's Big Ideas report and discussed Bitcoin's role as digital gold and a permissionless currency.Valente pointed out that the rise of stablecoins has changed Ark's judgment on the emerging market Bitcoin narrative. He also talked about the rise of tokenized stocks and real-world assets, as well as the functionalities that tokenized stocks can achieve that traditional brokerage accounts cannot.Additionally, he mentioned the impact of rising interest rates, inflation, and AI on Bitcoin's macro outlook, and explored which tokenized business models will ultimately prevail, as well as the possibility of tokenizing U.S. assets for offshore markets.Regarding the market outlook, Valente provided Ark's perspective on Bitcoin's future over the next 12 to 18 months and discussed the four-year cycle and key points to watch moving forward. Ark's Big Ideas report set a Bitcoin price target for 2030, and the reasons why institutional funds are still on the sidelines were also among the topics he discussed.

According to CoinDesk, Bitmine Immersion Technologies Chairman Tom Lee stated that the intergenerational wealth transfer occurring in the coming years could become an important factor driving the next round of demand in the cryptocurrency market. Based on research data from the IRS and Fundstrat, it is estimated that between 2026 and 2028, approximately $1.5 trillion to $2 trillion in wealth will be transferred between generations.As young investors inheriting wealth typically have a higher risk appetite, this may increase their allocation to risk assets such as cryptocurrencies and stocks. Tom Lee added that Wall Street's accelerated adoption of blockchain technology for asset tokenization, the development of AI applications, and treasury companies holding cryptocurrencies for the long term could also become driving factors for future market growth.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 345 million USD, with long positions liquidating 193 million USD and short positions liquidating 153 million USD, affecting a total of 89,449 people.The largest single liquidation in the past 24 hours occurred on the BTC-USD trading pair of Hyperliquid, valued at 4.8883 million USD.

According to Bitcoin Magazine, Willem Middelkoop, founder of the Commodity Discovery Fund and author of The Big Reset, stated in an interview with Bitcoin Magazine that central banks are purchasing gold at a record pace but are unwilling to hold Bitcoin. The reason is that central banks prefer to hold assets that they can control, while the price, supply, and market of Bitcoin are beyond their control.Middelkoop pointed out that institutional investors are entering this market through Bitcoin ETFs, and the fund he manages has also allocated Bitcoin. He mentioned that currency devaluation trades are driving Bitcoin, gold, and commodities into a bull market, and discussed topics such as BRICS nations, de-dollarization, and declining demand for U.S. Treasury bonds.He proposed a 25% investment portfolio model that includes real estate, gold, stocks, and Bitcoin, and provided a target price of $1 million for Bitcoin by 2030. The interview also covered topics such as oil prices, the situation in Iran and the Gulf, as well as the Bitcoin Amsterdam conference and "Mad Max"-style Bitcoin scenarios.

According to Forbes, venture capitalist Alex Lazarow wrote that in the past two years, Stripe, Mastercard, and Circle have acquired American stablecoin infrastructure company Bridge, British BVNK, and Singapore cross-border payment platform Tazapay, respectively, with a total transaction value exceeding $3 billion. These three companies were established between 2020 and 2022, raising a total of approximately $200 million, indicating that stablecoin payment infrastructure is becoming a field where traditional payment giants and cryptocurrency companies are competing to establish a presence.Among them, Stripe announced in 2024 that it would acquire Bridge for slightly over $1 billion; the total value of Mastercard's acquisition of BVNK could reach up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the transaction expected to be completed in 2027. The growth in stablecoin adoption, the gradual clarification of regulatory frameworks, and the rising demand for real-time cross-border payments are the main factors driving mergers and acquisitions.Data shows that in 2025, the adjusted transaction volume of stablecoins is expected to grow by 91% year-on-year, reaching $10.9 trillion, close to Visa's $14.2 trillion; the scale of real-world payments is expected to more than double, reaching approximately $390 billion. These transactions reflect that acquirers value not only stablecoin technology but also verified business scale, payment networks, and compliance qualifications.As stablecoin payment infrastructure matures, applications such as dollar accounts, stablecoin payment cards, and cross-border remittances are also emerging, and in the future, more local infrastructure companies similar to Bridge and BVNK may be acquired in various regions around the world.

According to CoinDesk, data from Swiss Re shows that natural disasters caused $220 billion in economic losses last year, with insurance covering only $107 billion, while the rest was borne by households, businesses, and governments. Catastrophe bonds allow insurance companies to transfer the financial risks of hurricanes, wildfires, or earthquakes to capital market investors. According to an Artemis report, as of June this year, the outstanding size of the catastrophe bond market reached $65.6 billion, with new issuances in the second quarter amounting to $11.3 billion, setting a record high for a single quarter.Bermuda-based law firm Harneys, which focuses on global insurance business, plans to issue tokenized catastrophe bonds in early next year in collaboration with the tokenization platform dropRWA, with each token representing legal ownership of the catastrophe bonds. This scheme is built on the traditional market, where catastrophe bonds were primarily aimed at specialized funds and large institutions, with many products having a minimum investment amount of $250,000 or more. Both parties are considering structures that can accommodate smaller beneficiary interests, but they still need to comply with securities, insurance, and investor protection regulations.Henry Tucker from Harneys stated that the tokenized structure will not turn disaster coverage into arbitrary retail investments, and the funds will be entirely used to cover specific insurance risks. He pointed out that risks such as flooding and typhoon coverage in Southeast Asia are difficult to insure through traditional reinsurance companies, and specialized underwriters can use the tokenized structure to raise funds for single, specific risks. The World Bank arranged $200 million in hurricane coverage for Jamaica in May.

NVIDIA and Cisco have launched a new pluggable optical module specification aimed at supporting the expansion of AI factories.

According to SoSoValue data, as of 8 AM Eastern Time on October 12, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $22.5 million, a decrease of 90.6% compared to two weeks ago.Strategy (formerly MicroStrategy) purchased 250 Bitcoins last week at a price of $86,194, spending approximately $22 million, bringing its total holdings to 848,250 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week.In addition, two other companies announced their Bitcoin purchases or holdings last week. Bitcoin reserve and cutting-edge artificial intelligence investment company Bitcoin Japan announced on October 7 that it purchased 5.8847 Bitcoins at a price of $84,706.34, bringing its total holdings to 17.8035 Bitcoins; Ethereum asset company Bitmine announced after 8 AM Eastern Time on October 5 that it purchased 1 Bitcoin, without disclosing the specific purchase amount, bringing its total holdings to 214 Bitcoins.As of the time of publication, the total amount of Bitcoin held by global listed companies (excluding mining companies) is 1,163,359 Bitcoins, an increase of 0.3% compared to two weeks ago, with a current market value of approximately $9.657 billion, accounting for 5.8% of Bitcoin's circulating market value.

Amundi stated that net inflows into gold ETPs and gold ETCs exceeded 10 billion euros in the third quarter, surpassing the highest annual inflow record set in the entire year of 2022.

According to PR Newswire, NASDAQ-listed company TROOPS Inc. (TROO) announced that it has signed a conditional share purchase agreement with EFFORCE Group, planning to expand its digital asset infrastructure business through this transaction.EFFORCE was founded by Apple co-founder Steve Wozniak and focuses on blockchain technology, digital assets, and sustainability. After the transaction is completed, Wozniak will retain his rights as a shareholder of EFFORCE. TROOPS stated that this merger will combine the advantages of both parties in technology, regulatory compliance, business expansion, and market channels to create a digital asset infrastructure platform covering multiple fields.