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Industry

China pushes all-solid-state batteries, but CATL remains cautious

China has set a goal of reaching an early stage of scaled application of all-solid-state batteries by 2030 under a new industry plan involving seven government bodies. The plan also targets breakthroughs in core technologies such as advanced electrode materials and new electrolytes. Battery maker CATL remains cautious, saying costs and mass-production challenges persist. LG Energy Solution echoed the view, and BloombergNEF projected limited market share even in 2035.

Crypto

Ramaswamy dials back crypto talk in Ohio governor race after 'bitcoin' push in presidential run

Vivek Ramaswamy has not put cryptocurrency at the centre of his Ohio governor campaign, unlike during the 2024 Republican presidential primary when he backed bitcoin and mining and opposed a central bank digital currency. He still has financial and political ties to the sector, including donations and holdings linked to asset manager Strive. Polling and local concerns such as data centres and utility costs appear to be more prominent election issues in Ohio.

Crypto

Morgan Stanley MSBT expands bitcoin holdings, nears $1 billion

Morgan Stanley's spot bitcoin exchange-traded fund, MSBT, holds 10,519 bitcoin and is closing in on $1 billion in assets. Blockchain media outlet U.Today reported on Oct. 5 that the holdings were worth about $903.86 million, about five months after the fund’s launch. On-chain analytics firm Arkham said the ETF’s connected wallets total about $903.86 million. Arkham said the fund’s addresses were publicly identified within a week of launch.