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Crypto
U.S. OCC finalises GENIUS Act rule; Bessent calls it a historic moment
The U.S. Office of the Comptroller of the Currency has finalised a rule covering reserves and redemption standards for payment stablecoins and some custody activities, with an effective date of Jan. 18, 2027. The rule details a federal oversight framework under the GENIUS Act enacted in 2025. It applies to certain banks and other eligible issuers, while maintaining a ban on paying interest to holders.
Industry
Fujifilm to launch Instax PAL 2 in South Korea
Korea Fujifilm will launch the palm-sized digital camera Instax PAL 2 in South Korea on Oct. 27. It will take pre-orders on its official online Fujifilm Mall from Oct. 22 to 26. The model is a follow-up to the PAL series first introduced in 2023. It includes a viewfinder, a top LCD monitor, two shooting modes and multiple formats, app themes and effects.
Crypto
Standard Chartered to acquire Zodia, expanding crypto custody business
Standard Chartered has signed a definitive agreement to acquire digital asset custodian Zodia Custody, The Block reported on Oct. 21. The deal comes five months after Zodia shareholders and bondholders accepted the acquisition proposal. Standard Chartered affiliate Standard Chartered IH will buy 100 percent of Zodia Custody, but the purchase price was not disclosed. After completion, the bank’s Securities Services unit will absorb the custody business, while software and professional services will be spun off as Zodia Solutions under SC Ventures.
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AI & Enterprise
Claude commands and Grok scouts in AI hacking that hit banks, report finds
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Finance
Betting on a shaky Korean market: Are Korean retail investors going all-in on leverage?
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AI & Enterprise
From TFM to CEM, AI models different from LLMs are arriving
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Games & Commerce
Game companies step up film and TV adaptations of IP
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Industry
SMRs emerge as 24-7 power option for semiconductor fabs
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Crypto
Bitcoin holds $80,000 as stablecoin payments spread
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Industry
Samsung Electro-Mechanics, Nvidia to expand dedicated AI substrate fabs with joint investment
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Telecommunications & Media
Korea media watchdog urges stronger youth safeguards for AI chat services amid sexual content concerns
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AI & Enterprise
Meta third-quarter revenue up 26 percent, to create non-voting shares to fund AI investment
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Mobility
Tesla Q3 net profit slumps 43 percent, starts Optimus robot production in California
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Crypto
Tom Lee's BitMine stakes an additional about $400 million worth of Ethereum
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Telecommunications & Media
PIPC suspects more cases of hiding or destroying evidence in data leaks
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Crypto
Japan considers using stablecoins for consumption tax refunds to foreign tourists
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AI & Enterprise
OpenAI to sell AI models on Google Cloud after Microsoft and AWS
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AI & Enterprise
Nvidia packs Vera Rubin AI factory into single container, cuts data centre build time from 6 months to 2 weeks