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Google's earnings can hold the fundamentals, but strong results don't necessarily mean its stock price will hold.
First, the foundation. Advertising still accounts for more than 70% of Google's revenue, making it the true “core business.” Second-quarter Search and other advertising revenue was $63.3 billion, up 17% year over year. AI Overviews haven't taken clicks away; instead, they lifted query volume by about 10% and helped ad conversions recover. YouTube advertising also maintained 13% growth. In other words, the market's biggest concern—“AI disrupting Search”—has yet to show up in the fin

South Korea’s crypto tax postponed for the fourth time: Presidential office has softened its stance, but hasn’t signed off
On October 25, media including the Korea Economic Daily cited presidential office sources as saying South Korea is leaning toward delaying the virtual asset income tax, originally scheduled to take effect on January 1, 2027, once again. This would be the tax’s fourth postponement since it was legislated in 2020. It was previously pushed back from 2022 to 2023, then 2025, and finally 2027.
The policy itself has not changed: Annual gains from individuals’ transfers or lendin

Tesla and NVIDIA are joining forces to back Samsung Electro-Mechanics, investing a combined approximately 3.7 trillion won (about $2.8 billion) to build an advanced FC-BGA packaging substrate production line for AI chips. The deal is one of the semiconductor supply chain’s most closely watched recent “capital-backed factory-building” partnerships. Tesla is investing approximately 1.1 trillion won, while NVIDIA is investing approximately 2.6 trillion won. The funds will mainly go toward expanding dedicated facilities and purchasing equipment at Samsung Electro-Mechanics’ factories in Sejong and

Stock Earnings Season | A-Share Q3 Earnings Report Watch
It’s now the busiest stretch of the A-share Q3 earnings season. Under the rules, all listed companies must disclose results within one month after the end of the first nine months, making October 31 the hard deadline. Wohua Pharmaceutical kicked things off on October 10, while Hikvision, Ganfeng Lithium, Yutong Bus, iFLYTEK and others have been filing their reports in succession since mid-to-late October.
Unlike annual reports, Q3 reports do not require an audit, and the filing pace is clearly “slow early, fast late”: mid-October is the

SkyAI Sells All SOL Holdings, Launches $201 Million Cash Tender Offer
Nasdaq-listed SkyAI (SKYA) disclosed on October 19, 2026, that it had sold all of its Solana (SOL) holdings and launched a cash tender offer using approximately $223.8 million in cash on its balance sheet. The offer proposes to repurchase up to 95% of the outstanding shares in each securities class and each of three classes of warrants at $3 per share or warrant, for a total of approximately $201.3 million. The offer was originally set to expire on October 29, New York time.
The move marks a complete reversal of the former m

#美国9月PPI大超预期 Bitcoin Breaks Above $82k: Bulls and Bears Clash After a Deep V-Shaped Shakeout
In late November 2025, Bitcoin saw a highly dramatic “deep V” move: its price briefly dipped to the $82k level, then rallied strongly, surging in the short term to the $84k-$85k range and reaching an intraday high of about $85.6k. This sharp rise and fall did not mark the start of a one-way trend, but was a classic case of macro expectations, leveraged liquidations, and institutional capital positioning converging.
The trigger was the concentrated release of three sources of pressure. First, expectatio

Ethereum fell below $2,500 not because of a single-day flash crash, but as a result of three forces converging: “macroeconomic pressure + institutional withdrawals + leverage unwinding.”
On the macro front, a spike in 10-year U.S. Treasury yields and a stronger dollar have increased the holding cost of the non-yielding asset Ethereum; as risk appetite cooled, funds first withdrew from high-beta altcoins, with ETH bearing the brunt.
The fund flows are even more striking: U.S. spot Ethereum ETFs have seen net outflows for several consecutive days, totaling several hundred million dollars, while

Bitcoin broke above $84k intraday—not just a jump in the price, but the result of macro expectations, institutional capital, and a derivatives-driven short squeeze brewing together. On October 13, the crypto market rallied across the board, with BTC briefly rising more than 2.8%, followed by ETH, SOL, XRP, and others. Approximately 170k traders were liquidated over the past 24 hours, including nearly $690 million in long liquidations, showing that this rally clearly featured shorts entering, getting squeezed out, and trend-following capital piling in.
At the fundamental level, the first driver

Bitcoin options implied volatility has hit a five-year low, but it’s not as simple as “there’s no market”—the market structure has changed. Deribit’s DVOL briefly fell to the 33%—38% range, while 30-day implied volatility dropped below 40%, a completely different world from the 70%—90% pricing seen routinely during the frenzy of 2021—2022.
Three forces are behind this: first, spot ETFs, miners, and the treasuries of publicly listed companies are treating BTC as a bond-like asset, continuously selling calls, buying puts, and pursuing yield enhancement, with options supply outweighing speculativ

U.S. spot Bitcoin ETFs saw a single-day net outflow of $244.1 million on October 8, 2026, marking the second consecutive trading day of substantial fund withdrawals, with cumulative outflows reaching $729 million over the two days.
📉 Fund Flow Details
- Fidelity FBTC: Single-day net outflow of $197.09 million, accounting for 81% of total outflows and becoming the dominant source of fund outflows.
- BlackRock IBIT: Outflow of just $55.4 million, sharply down from the previous day ($2.077 billion), indicating that some funds are still waiting on the sidelines or providing support.
- Other produ

Ethereum co-founder Vitalik Buterin issued a warning on October 7, 2026, that AI-driven mathematical breakthroughs are rapidly approaching cryptographic defenses, posing a threat even earlier than quantum computers. He noted that if AI could complete the equivalent of 50 years of human mathematical research within two years, it would significantly weaken the security margins of today’s mainstream cryptographic systems.
Vitalik’s warning challenges the conventional view that “elliptic curves are vulnerable, while hashes and lattice cryptography are secure.” He specifically cited NIST-standardiz

The Fed’s September meeting minutes are set to be released at 2:00 a.m. Beijing time on October 8, with the market closely focused on policymakers’ stance and clues regarding a pause in rate hikes in October. After the Fed implemented its first rate hike in more than three years last month, the minutes will serve as a key basis for assessing the subsequent interest-rate path.
📉 Cooling data reduces the urgency of consecutive rate hikes
Several recent U.S. economic indicators have weakened significantly, sharply reducing market expectations for another consecutive rate hike in October. Septemb

In early October 2026, the Ethereum staking exit queue surged to a new high for the year, drawing intense market attention to short-term selling pressure and network security.
On-chain data shows that the Ethereum validator exit queue surged to approximately 850k ETH on October 2, up nearly 392% from the late-September low, while the exit waiting time extended to approximately 14.77 days. As of October 5, approximately 786k ETH worth over $2 billion was still queued for exit.
The surge in exits was mainly driven by two factors. First was the MetaMask security incident. On September 30, MetaMas

U.S. spot Bitcoin ETFs recorded approximately $6.34 billion in net inflows in the third quarter of 2026, their strongest quarterly performance of the year, successfully reversing the approximately $5 billion in net outflows seen in the second quarter.
📊 Monthly Fund Flow Breakdown
Fund inflows showed a clear pattern of “weakness followed by strength”:
- July: A subdued start, with only approximately $172 million in net inflows.
- August: A breakout month, attracting approximately $3.52 billion, making it the strongest-performing month of 2026 so far.
- September: Momentum remained high, with

The Bitcoin derivatives market has heated up sharply recently. As of October 2, the BTC perpetual contract funding rate had surged from around 3% at the end of September to 10%, while open interest (OI) had jumped by approximately 27k BTC since September 30, bringing the total to about 653k BTC (worth approximately $56.2 billion). This combination signals strong short-term bullish sentiment, but also sounds the alarm over an overheated market.
Signals from funding rates and open interest
The funding rate is a fee periodically paid by longs and shorts in perpetual contracts to anchor prices to

The UK Financial Conduct Authority (FCA) officially opened the license application window for crypto asset firms on September 30, 2026, marking a historic shift in the UK’s crypto regulation from “anti-money laundering registration” to “full FSMA authorization.” The new regulatory regime will officially take effect on October 25, 2027, and all entities conducting regulated crypto asset business commercially in the UK must obtain FCA authorization.
⏰ Application Window and Key Timeline
- September 30, 2026: The authorization application window officially opens.
- February 28, 2027: The applicat

Spot gold plunged from around $4,280 on September 28, falling all the way to around $4,144/oz at its lowest, down more than 3% in a single day and shedding over $140. Silver also suffered a sharp drop, while domestic gold jewelry prices fell back below 1,280 yuan per gram.
The core of this plunge was not that “safe-haven demand disappeared,” but that “interest rates outweighed safe-haven demand.” Surging oil prices in the Middle East pushed up inflation expectations, and the market once again bet on a Fed rate hike in October. The 10-year US Treasury yield rose above 5.2%, the 30-year yield ap

The Polymarket contract on “which U.S. bank will fail” has pushed prediction markets into the spotlight of financial stability regulators. What concerns the FDIC is not someone making tens of thousands of dollars through insider trading, but that such contracts could turn “probability” into a “catalyst”: when the odds of a small bank’s failure are posted in real time, uninsured depositors, creditors, and counterparties may all treat the curve as a warning signal. An institution that could previously have held on through liquidity support might be brought down by a loss of confidence. Predictio