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Mobility

Tesla to handle over half of global passenger travel, Elon Musk says

Elon Musk set out an ambition for Tesla to take more than half of the global passenger travel market by leading with self-driving services. He said Tesla would handle the majority of passenger travel distance in countries that allow autonomous driving to operate freely. The outlook faces uncertainty from national regulations, delays in Tesla’s autonomous-driving schedule and scrutiny of its Cybercab robotaxi. Tesla executives also indicated unsupervised FSD could reach some customer cars as early as the second quarter of 2027.

Crypto

Bitcoin ETF flows track price trends rather than signal direction, analysis finds

Bitcoin spot exchange-traded fund flows appear to follow existing price trends rather than act as a leading indicator, an analysis found. DWF Labs reviewed 694 trading days since spot ETFs launched in January 2024. Outflows occurred in 7 of 8 instances when bitcoin fell 15 percent or more, while inflows were recorded in all 9 periods of gains of 15 percent or more. The correlation with prior five-day moves was 0.54, versus 0.03 for subsequent five-day moves.

Telecommunications & Media

SOOP and Jeungpyeong County team up to boost local culture and content

SOOP said on Oct. 22 it signed a memorandum of understanding with Jeungpyeong County to revitalise local culture and content. The agreement was signed on Oct. 21 at the Reading King Kim Deuk-sin Literature Museum in North Chungcheong Province, attended by SOOP CEO Lee Min-won (이민원) and Jeungpyeong County Governor Lee Jae-young (이재영). They will cooperate on discovering and spreading content using local resources, jointly planning local-linked content, exchanges with residents, local promotion via SOOP, and using local facilities for production.