US INTELLIGENCE AGENCIES
Binance hit by $6.3 billion crypto hack: Here’s what you need to know
Binance has reported a substantial security breach resulting in estimated losses of $6.3 billion. The breach was linked to a compromised laptop of a DevOps engineer facilitating unauthorized transactions. Global cryptocurrency firms have responded by freezing assets totaling nearly $2.4 billion. Additionally, Binance stated that user funds remain safe due to its Secure Asset Fund for Users.
Global Market: Chinese yuan hits four-year high, heads for fourth straight monthly gain
China’s yuan reached its strongest level against the US dollar in more than four years, supported by exporter dollar sales, robust exports and a weaker greenback. The currency has gained about 5% this year, while the PBOC’s stronger daily fixing suggests policymakers are comfortable with its appreciation, though the pace may moderate.
Global Market: South Korean stocks tumble over 5% as AI spending concerns hit chipmakers
South Korean shares plunged as a selloff in semiconductor stocks intensified amid concerns over the sustainability of global AI investments. Foreign investor outflows and weak market breadth added to the pressure, putting the KOSPI on course for a monthly decline.
Nvidia CEO Jensen Huang seen as target of China spy plot; Trump briefed but took no action: Report
A Chinese businesswoman suspected of passing intelligence to Beijing developed a close relationship with Nvidia CEO Jensen Huang, according to a New York Times exclusive report. US President Donald Trump was briefed on the intelligence findings roughly a year ago but took no action, reportedly wary of disrupting Nvidia's chip sales and US-China trade relations.
Pixxel sets up US subsidiary to serve federal agencies
Pixxel in September raised $100 million (around Rs 945 crore) in the largest funding round in India’s spacetech sector, co-led by Singapore sovereign wealth fund Temasek and UK-based space investor Seraphim, ET reported.
US releases rare photo of China's secretive Shenlong space plane: What does it reveal?
China's Shenlong space plane was recently photographed in orbit, showing its design and structure. The Defense Intelligence Agency included the photograph in a report assessing threats in space. This image revealed the spacecraft's delta-shaped wings and open payload bay doors while docked with another satellite. Shenlong's history includes missions in which it has released and interacted with objects in orbit.
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China's secretive Shenlong spaceplane: What the US report reveals
A newly released report by the US Defense Intelligence Agency showcases an intriguing image of China's Shenlong spaceplane operating in orbit. Notably, a second spacecraft is docked to Shenlong, prompting speculation about the spaceplane's mission and technological abilities. Concerns have been raised over China's advancing space technologies and counterspace capabilities, with whispers of potential developments in space-based weaponry that could jeopardize international satellite safety.
Global Market: China stocks fall as tech selloff deepens despite Fed rate pause
Chinese stocks declined as a sharp selloff in technology and AI-related shares outweighed the US Federal Reserve’s decision to keep interest rates unchanged. The Shanghai Composite fell 0.9%, while the CSI300 dropped 1.2% and the STAR50 tumbled 4.2%.
Fed's Kevin Warsh says US economy not running too hot from AI boom
Federal Reserve Chairman Kevin Warsh said on Wednesday that the US economy is not running too hot despite some demand pressures from the boom in AI investment, adding
US stocks today: US stocks turn choppy as megacaps offset chip gains before Fed meet
In the US stock market, a mixed performance emerged as chipmakers like Micron Technology surged, buoyed by favorable reports from SK Hynix, while major tech players such as Tesla and Apple faced declines. Investors eye the Federal Reserve's imminent interest rate decision and important earnings announcements from Microsoft and Alphabet. The Nasdaq showed positive momentum this week, rising around 2%, reflecting growing optimism surrounding artificial intelligence.
A ceasefire in a Russian-occupied Ukrainian city holds for its first 30 hours, officials say
A six-day ceasefire has been initiated in Oleshky, allowing much-needed humanitarian aid for around 2,000 residents. Both Ukraine and Russia have reported no violations of the ceasefire in the first 30 hours. Negotiations continue for future discussions to de-escalate the ongoing war, despite both sides holding firm on key demands. Meanwhile, attacks have intensified elsewhere, including drone strikes causing injuries in cities like Kharkiv.
Global Market: European shares waver as earnings, rising oil weigh on sentiment
European shares edged lower as investors assessed mixed bank earnings and rising oil prices ahead of the European Central Bank’s policy decision. Technology and energy stocks gained, offering some support amid broader market weakness.
Global Market: Japan bond yields rise as investors eye BOJ policy meeting
Japanese government bond yields rise as an AI-led equity rebound weakens safe-haven demand. Investors await the BOJ’s policy decision and guidance on future rate hikes amid persistent inflation, fiscal uncertainty and concerns over government borrowing.
Global Market: Japan’s Nikkei jumps over 1% as tech rally on Wall Street lifts sentiment
Japan’s Nikkei rose 1.34%, tracking Wall Street’s technology-led rally, as semiconductor stocks gained. Investors remain cautious ahead of the US Federal Reserve’s policy decision, corporate earnings and geopolitical developments.
Global Market: South Korean shares surge 6% as SK Hynix earnings fuel AI chip rally
South Korean shares surged nearly 6% on Wednesday, driven by SK Hynix and Samsung Electronics following strong earnings and optimism over AI-driven memory chip demand. SK Hynix reported a seven-fold profit increase, while foreign investors bought shares worth $444 million. The rally reflected broader global enthusiasm for artificial intelligence investments.
Disinformation videos, likely from Russia, are exploiting real people to malign Senate candidates
AI-driven disinformation campaigns are targeting Democratic Senate candidates Sherrod Brown and James Talarico during the midterm elections. These videos misuse real names and images, misleading voters and potentially impacting election outcomes. Experts believe this tactic resembles previous Russian disinformation efforts aimed at manipulating American electoral processes. Social media platform X has removed initial posts but copies are still accessible online.
US agency is again probing if Polymarket broke 2022 settlement, sources says
A US regulator is investigating whether prediction market operator Polymarket violated a 2022 enforcement deal in which it promised to ban US users from its main overseas platform, reviving an inquiry the agency shuttered last year without bringing
Donald Trump says US to ban 'artificial intelligence' term, pushes 'super intelligence'
In a post on Truth Social, Trump questioned the continued use of the term by The Wall Street Journal and called for a shift towards the alternative terminology.
Norway media take legal action to block Meta from using content
According to the 10 media groups, the new terms due to come into force on November 20 would give Meta -- which owns Facebook and Instagram -- the right to collect their articles, photos and videos, including those behind a paywall, and use them to develop artificial intelligence products, among other things.
Global Market: JGB yields climb as investors await BOJ, Fed policy decisions
Japanese government bond prices declined as a rally in AI-related equities reduced demand for safe-haven assets. The benchmark 10-year JGB yield rose to 2.795%, while shorter- and longer-term yields mostly increased. Investors are awaiting policy signals from the US Federal Reserve and Bank of Japan, particularly guidance on the timing of Japan’s next interest-rate hike.
Global Market: Japan’s Nikkei rises nearly 2% on AI optimism, Anthropic IPO filing
Japan’s Nikkei surged nearly 2%, snapping a three-session losing streak, as Anthropic’s US IPO plans and gains in American semiconductor stocks boosted AI-linked shares such as Advantest, SoftBank and Tokyo Electron.
Global Market: South Korean shares fall over 1% as AI trade concerns weigh; won strengthens
South Korean shares fell as AI-related concerns weighed on sentiment ahead of major US technology earnings. The won strengthened against the dollar, while government bond yields declined.
How fake passport and asylum bid exposed gangster Himanshu Bhau in US
Himanshu Bhau and Neeraj Faridpuria attempted to exploit US immigration laws to secure asylum. They surrendered to US authorities, which resulted in their biometrics being logged into the ICE system. Investigations linked both men to multiple criminal cases in India, including serious violent crimes. Indian and US authorities are now collaborating to expedite their extradition process. A specialized team is expected to assist in the deportation procedure thereafter.
Nuclear power could more than triple by 2060, UN agency says
Rafael Grossi from the IAEA forecasts that nuclear power usage may more than triple by 2060. This increase will be driven by rising demands for electricity, especially from data centers powered by artificial intelligence. Grossi emphasized the importance of nuclear energy for energy security and its safety compared to other options. He also highlighted concerns regarding nuclear programs in Iran and North Korea, urging diplomatic efforts.
Hunter Biden laptop controversy: What happened ahead of 2020 Presidential election? Why have FBI officials been charged?
Hunter Biden Laptop case: The case was filed less than two weeks before the November 3 elections via criminal complaint, which means prosecutors have not yet presented the allegations to a grand jury for an indictment.
SBI data leak scare: Bank contacts affected customers. Is your money safe?
State Bank of India has begun notifying customers potentially affected by a recent cyber incident. The bank assured customers that their account balances and funds remain secure throughout the investigation. Alerts were received about the data exposure from cybersecurity agencies, prompting immediate action by the bank. A total of 3,897 records containing personal customer information were identified in the investigation.
Japan’s Nikkei falls over 1% as Wall Street tech selloff rattles markets
Japan’s Nikkei 225 falls as a Wall Street tech sell-off weighs on semiconductor and AI-linked stocks. Concerns over valuations and spending pressure Japanese equities, while select consumer and food stocks advance.
Ukraine to be able to buy military supplies via NATO agency, FT reports
NATO has announced that Ukraine will be able to procure weapons and military equipment through its procurement agency. This new arrangement aims to provide Ukraine with faster and more cost-effective access to defense supplies. Additionally, NATO offers procurement expertise and support services to enhance Ukraine's military capabilities. The decision follows recent tensions between the United States and Ukraine regarding intelligence sharing.
From Rome to Washington, why governments are pulling DeepSeek off official systems
At least eight governments, now including the US, have restricted the Chinese AI company's products. Most cite the same concern – user data stored in China, where the law gives the state wide powers to access it.
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