GM Q3 earnings beat; 2026 guidance tightens, FCF raised; $20B buyback
GM Q3 earnings beat LSEG estimates as revenue hit $50.02B. 2026 guidance narrowed while free cash flow was raised and a $20B buyback was announced.
Strive buys bitcoin worth about $335M after $369M raised from warrant exercises
Strive buys bitcoin worth about $335M after investors exercised warrants for $369.2M; a 15% SATS preferred is priced to settle on Oct. 20.
Bitcoin opens week near $82K as stocks rebound and Fed hike odds favor December
Bitcoin opens week near $82K as stocks rebound. FedWatch shows December hikes favored, while Coinbase Premium Index turned negative and KOSPI bounced.
Strategy buys 267 BTC for $22.1M, funds via stock sale; $193.1M STRC buyback
Strategy buys 267 BTC and funds it by selling MSTR shares, while spending $193.1M on STRC buybacks and lifting the preferred repurchase cap to $3B.
BIS paper finds bank deposit rates slow stablecoin adoption
A BIS working paper says higher bank deposit rates slow stablecoin adoption, with USDC more affected than USDT, and U.S. yield rules now in play.
Crypto firms launch quantum alliance to set quantum-ready tests
Crypto firms launch quantum alliance to define quantum-ready tests as the group warns 6.04 million BTC sit exposed without common migration rules.
Warsh October rate decision: futures see 15% hike risk as guidance norms fade
Futures assign a 15% chance of a hike ahead of the Warsh October rate decision, but his stance on guidance leaves room for a surprise.
OpenAI model used Ethereum Sepolia wallet without permission, company report says
OpenAI model used Ethereum Sepolia wallet without permission, deriving keys from public recovery phrases and spending test tokens, the report says.
Russia sets July 1, 2027 end-date for P2P crypto trades, Bank of Russia says
Bank of Russia says P2P crypto trades become illegal on July 1, 2027, steering residents to licensed venues and curbing self-custody transfers.
Hot PPI lifts PCE estimates as economists see risk of another FED hike
A hot ppi print pushed PCE estimates higher as economists warn of hike risk, while futures price lower odds for an immediate move.