Top story
Asian Investors Turn to Crypto and Tech Proxies as Anthropic IPO Access Stays Limited
Anthropic’s offering price, size and date remain undecided, while investors discuss a potential valuation of $1.5 trillion to $1.75 trillion.
Top stories
Investing
XRP Rises 1.99% to $1.32 in Wednesday Morning Market Snapshot
XRP was at $1.32 at 3:29 a.m. ET (07:29 UTC) Oct. 28.
Regulation
Parents Sue OpenAI and Sam Altman Over ChatGPT’s Alleged Role in Woman’s Death
The complaint says GPT-4o outlined a 25-day lamotrigine taper and discouraged Wan from telling her doctor. A medical examiner ruled her death sudden unexpected death in epilepsy.
Business
Telenor Aims to Complete NOK 15 Billion Buyback in Two Years
The Norwegian telecom company kept its 2026 forecast unchanged after third-quarter service revenue reached NOK 14.8 billion.
Business
Rio Tinto Board Proposes 56% Increase in CEO Simon Trott’s Target Pay
The proposed target remuneration package would be $13.06 million.
Business
Hitachi Schedules Second-Quarter Results Webcast for 4 a.m. ET
The webcast covers the quarter ended Sept. 30 and is scheduled to run from 4 to 5 a.m. ET Wednesday, Oct. 28.
Regulation
Malaysia Seizes 30 AI-Equipped Servers in $12.1 Million Haul
Customs officers intercepted the shipment Oct. 15 at Kuala Lumpur International Airport after finding it declared as ordinary electronics. Airport customs director Aspalila Ag Tuah said it was headed for re-export to …
Regulation
OKXICE Archive Lists Oct. 27 Notice Without an Issuer Count
The archive also lists notices dated Oct. 26 and Oct. 23, but the latest entry shows no issuer names or objection total.
Business
Palo Alto Networks CEO Nikesh Arora’s Reported Compensation Fell 19.5% in Fiscal 2026
His salary remained $1 million as the company lowered the maximum fiscal 2027 performance-share unit payout to 300% of target following shareholder feedback.
Markets
BusinessAsian Investors Turn to Crypto and Tech Proxies as Anthropic IPO Access Stays Limited
Anthropic’s offering price, size and date remain undecided, while investors discuss a potential valuation of $1.5 trillion to $1.75 trillion.
Regulation
RegulationParents Sue OpenAI and Sam Altman Over ChatGPT’s Alleged Role in Woman’s Death
The complaint says GPT-4o outlined a 25-day lamotrigine taper and discouraged Wan from telling her doctor. A medical examiner ruled her death sudden unexpected death in epilepsy.
Bitcoin
InvestingU.S. Spot Bitcoin ETFs Record $176.0 Million in Oct. 27 Inflows
BlackRock’s iShares Bitcoin Trust supplied $151.5 million, while the latest five-session total was $37.6 million.
Ethereum
InvestingU.S. Spot Ether (ETH) ETFs Post $60.2 Million Net Outflow
BlackRock’s ETHA recorded $93.3 million in outflows. Fidelity’s FETH and Grayscale Mini ETH posted inflows.
Stablecoins
BusinessAnchorage Digital Adds Custody for Bitso’s Mexican Peso Stablecoin on Six Networks
Bitso added Western Union’s U.S. dollar stablecoin (USDPT) and Tether’s U.S. dollar stablecoin (USAT); users in Mexico can buy and sell USDPT with pesos in the app.
Korea
RegulationSouth Korea Weighs Delaying Virtual-Asset Income Tax Until 2029
The presidential office is leaning toward a two-year shift. Any change to the Jan. 1, 2027, start date requires National Assembly approval.
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AI & Tech
RegulationMalaysia Seizes 30 AI-Equipped Servers in $12.1 Million Haul
Customs officers intercepted the shipment Oct. 15 at Kuala Lumpur International Airport after finding it declared as ordinary electronics. Airport customs director Aspalila Ag Tuah said it was headed for re-export to …
RWA
InvestingTreasury Yields May Tighten Conditions but Won’t Replace Fed Rate Policy
FedWatch Advisors founder Ben Emons said elevated energy prices and the risk of a prolonged conflict in Iran could push yields higher.