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More →Minecraft, Candy Crush Among 11 Games in EU Virtual Currency Crackdown
European consumer authorities have opened eleven coordinated actions against ten video games companies over the way they sell and price in-game virtual currencies, the European Commission <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2018" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">said</a> Wednesday. The Consumer Protection Cooperation Network, which groups national enforcement bodies and is coordinated by the Commission, named Activision Blizzard UK, Crytek, InnoGames, King.com, Mojang, Plarium Europe, PLR Worldwide Sales, Riot Games, Supercell and Ubisoft EMEA in a <a href="https://commission.europa.eu/document/75ff33d4-77a6-4f14-916a-766a8c6c281c_en" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">joint statement</a>. The games are Diablo Immortal, Call of Duty Mobile, Hunt: Showdown 1896, Forge of Empires, Candy Crush Saga, Minecraft, Mech Arena, Gardenscapes, Valorant, Clash of Clans and For Honor, picked for their broad reach, availability across devices and range of age ratings. The actions follow <a href="https://commission.europa.eu/document/download/8af13e88-6540-436c-b137-9853e7fe866a_en?filename=Key+principles+on+in-game+virtual+currencies.pdf" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">key principles</a> the network published in March 2025. Those say the real-world price of in-game items and currency must be shown prominently, that traders should not mix several currencies or require repeated exchanges in ways that obscure cost, and that players should not be pushed into buying more currency than an item needs. Bundles that deliberately mismatch item prices, leaving players with a stranded balance, are among the practices to avoid. Players also keep a 14-day right of withdrawal, the principles say, including for virtual currency they have bought but not spent. Contract terms granting companies the unilateral right to change the value of in-game currency, or to close accounts without the possibility of contesting it, are flagged as unfair. Children are treated as always vulnerable, and any game not aimed exclusively at adults should expect a significant share of under-18 players. It also classes high spenders as a vulnerable group, saying so-called whales "are likely to struggle with impulse control or gambling disorders" and that games built around them face a stricter fairness test. Crypto sits outside all of it. A footnote excludes <a href="/?post_type=post&p=5742" target="_blank" rel="noreferrer" class="sc-adb616fe-0 dJryYS">><span class="sc-fe458747-4 eaOPgC">cryptocurrencies</span></a> and similar digital currencies that work as an alternative form of payment using encryption, along with virtual currencies as defined in the EU's fifth anti-money laundering directive. Currencies that can only be earned through play, and never bought, are excluded too. The regime is aimed squarely at currencies bought with real money inside closed game economies. The acti
Kashkari: Fed is expected to need to raise rates further, but October action remains uncertain and still needs verification.
According to news from Bijie, Minneapolis Fed President Kashkari said that to curb the economy and inflation, the Federal Reserve is expected to need to raise interest rates further, but he does not have a strong view on whether it should act at the October meeting. His previous forecast was another 25 basis point rate hike this year and one more in 2027, but since the September meeting the U.S. economy has performed more strongly than he expected, while inflation remains too high. If the economy continues to be unusually strong and inflation proves more stubborn than expected, interest rates may need to rise to a higher level than currently anticipated. Kashkari believes that the current labor market is healthy and the economy is performing well, indicating that monetary policy "may not be particularly restrictive." He also said that recent market volatility has not yet shown systemic risk, and the U.S. Treasury market is also able to normally absorb the repricing of interest rates.
Kashkari: Fed is expected to need to raise rates further, but it is uncertain whether it will act in October.
According to news from Bijie, Minneapolis Fed President Kashkari said that the Federal Reserve is expected to need to raise interest rates further to curb the economy and inflation, but he does not have a strong view on whether it should act at the October meeting. His previous forecast was another 25 basis point rate hike this year and one more in 2027, but since the September meeting the U.S. economy has performed more strongly than he expected, while inflation remains too high. Kashkari believes that the current healthy labor market and good economic performance indicate that monetary policy "may not be particularly restrictive." He also said that recent market volatility has not yet shown systemic risk, and the U.S. Treasury market is able to digest the repricing of interest rates normally.
SoftBank Group: All borrowings under the bridge financing agreement have been repaid.
CoinWorld news: SoftBank Group has recently made the following statements in succession: First, all borrowings under the bridge financing agreement have been repaid, and there are no undrawn commitment amounts remaining. Second, as of September 30, the remaining $10 billion undrawn commitment under the bridge financing agreement signed with OpenAI on March 27 has been canceled.
Smarter Web Company：伦敦IPO发行MORE优先股
Coin World US stock news: Smarter Web Company launched an initial public offering (IPO) of a new class of perpetual preferred shares on September 29, planning to raise 15 million to 25 million pounds. The company plans to issue up to 277,777 preferred shares at an issue price of 90 pounds per share, and trading is expected to begin on the main market of the London Stock Exchange on October 14. Shareholders will receive cumulative dividends paid weekly, with an initial annual interest rate of 12%. The company's CEO, Andrew Webley, said this will be the first pound-denominated perpetual preferred stock in the UK, aimed at expanding the company's access to capital while providing investors with a stable source of income.
Nvidia and SoftBank complete their final $20 billion investment in OpenAI.
According to The Information, Nvidia (NVDA.O) and SoftBank have each completed the final $10 billion investment in OpenAI's previous funding round, fulfilling their respective $30 billion investment commitments. OpenAI disclosed in March this year that the round received $122 billion in investment commitments, with a post-money valuation of $852 billion. Amazon (AMZN.O) had previously committed to invest up to $50 billion and completed its full investment in July. With the previous funding round concluded, OpenAI may be paving the way for its next private fundraising round, targeting about $30 billion in financing at a valuation that could reach approximately $1.4 trillion. SoftBank said that after completing its latest investment, its cumulative investment in OpenAI reached $64.6 billion, with a stake of about 13%. The final investment funds came partly from SoftBank's $11.1 billion high-yield bond issuance completed at the end of September.
The U.S. Treasury repurchased $6 billion in Treasury bonds.
According to BiJie News, the U.S. Treasury has repurchased another $6 billion in Treasury bonds in less than a week.
Nvidia and SoftBank complete their final $10 billion investment in OpenAI.
According to news from Bijie, as reported by Futu, Nvidia (NVDA) and SoftBank have each completed the final $10 billion investment in OpenAI's previous funding round, fulfilling their respective $30 billion investment commitments. OpenAI disclosed in March of this year that this funding round secured $122 billion in investment commitments, with a post-money valuation of $852 billion. Amazon (AMZN) had previously committed to investing up to $50 billion and completed its full investment in July. With the previous funding round concluded, OpenAI may be paving the way for its next private funding round, targeting approximately $30 billion in fundraising, with a valuation potentially reaching about $1.4 trillion. SoftBank stated that after completing its latest investment, its cumulative investment in OpenAI has reached $64.6 billion, with an equity stake of approximately 13%. The final investment funds came partly from SoftBank's $11.1 billion high-yield bond issuance completed at the end of September.
SoftBank Group completes $10 billion investment in OpenAI
CoinWorld news: SoftBank Group has announced that it has executed its third and final follow-on investment in OpenAI Group PBC, amounting to $10 billion. This move marks SoftBank's continued investment and commitment in the field of artificial intelligence.
Nvidia and SoftBank each complete a $10 billion investment in OpenAI.
According to news from Bijie, as reported by The Information, Nvidia (NVDA.O) and SoftBank have each completed the final $10 billion investment of their respective $30 billion commitments from OpenAI's previous funding round.