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More →ProphetLab raises tens of millions in funding; team says it predicted the World Cup semifinalists and final score
BlockBeats news: ProphetLab (Weiran Turing) has secured tens of millions of RMB in angel round funding, with participation from institutions including Ivy Capital. The company was founded less than four months ago. Founder Henry Jiang stated that the Prophet Engine developed by the team correctly predicted this year's World Cup semifinalists and champion, even accurately forecasting the 1:0 scoreline in the final where Spain defeated Argentina. The Prophet Engine also participated in the FutureX prediction evaluation, once topping the weekly leaderboard for two consecutive weeks in August this year, with scores of 60.45 and 56.05 respectively. ProphetLab hopes to apply the same predictive capabilities to financial and business decision-making. It has already secured millions of RMB in commercial orders and is preparing the Investor's Last Exam (ILE) leaderboard, specifically designed to evaluate commercial forecasting capabilities.
Bloom trading bot hacked, losing nearly $953,000.
CoinWorld data: The Bloom trading bot was hacked in less than two minutes, losing nearly $953,000. The hacker withdrew funds from 48 wallets, and the attack was completed within 94 seconds. Bloom has promised to fully compensate the nine affected traders and stated that the attack was caused by a remote code execution vulnerability in a third-party module, with no private keys accessed or leaked.
Markets expect the Fed to keep rates unchanged this week, leaving Warsh facing a communication challenge.
CoinWorld data: The market widely expects the Federal Reserve to keep interest rates unchanged at this week's FOMC meeting on October 27–28. Fed Chair Kevin Warsh will need to explain the rationale for not raising rates amid inflationary pressure and to respond to political pressure. New York Fed President Williams, Fed Vice Chair Jefferson, and Governor Waller and other officials had previously indicated that they could wait a while longer, causing the probability of an October rate hike to fall back. Stephen Stanley, Chief U.S. Economist at Santander U.S. Capital Markets, expects rates to remain unchanged this week but believes another rate hike is still possible in December. The current policy path clearly points to maintaining high rates in order to observe the lagged effects on the economy, which buys a window of time for subsequent monetary policy adjustments.
Polymarket investigates dozens of cases of insider trading in midterm elections and refers them to the CFTC
CoinWorld news, Polymarket's Global Head of Intelligence and Investigations Shana Bautista said that Polymarket has investigated dozens of cases related to betting on the midterm elections, at least two of which have been referred to the U.S. Commodity Futures Trading Commission (CFTC) for handling. Polymarket is using an election monitoring system to monitor suspicious transactions and crack down on insider trading and market manipulation.
Spain's Civil Guard investigation found that ARBISTAR is a Ponzi scheme.
According to a report by the Spanish news agency EFE, an investigation by Spain's Civil Guard found that the cryptocurrency Ponzi scheme ARBISTAR transferred 881 BTC to other wallets on the day it collapsed in September 2020, worth approximately 32.5 million euros (about 36.4 million US dollars) several months later. Between January and March 2021, the BTC inflows and outflows of the wallets involved in the case amounted to more than 20,000 BTC, worth approximately 710 million euros (about 795 million US dollars) at the time. The investigation showed that the people involved had used mixing services to conceal the source of funds, and some of the funds flowed to relatives of the company's executives. ARBISTAR was previously sentenced for defrauding about 32,000 investors of more than 200 million euros, and Spain's National Court has now overturned its earlier decision refusing to expand the scope of the money laundering investigation.
Dongfang Jincheng: Cooling geopolitical conflicts may support gold prices.
According to a report released by Golden Credit Rating, geopolitical conflicts may be cooling at the margin. If this drives crude oil prices down from their highs, U.S. inflation expectations and rate hike expectations may ease somewhat, which would provide modest support for gold prices. However, crude oil and geopolitical factors can only affect short-term fluctuations; what truly determines the direction will be the policy statement at the FOMC meeting. Current CME data shows that the market has fully priced in no change in interest rates this time, with the focus on the policy statement and Warsh's press conference regarding the December rate hike path. If the Fed pauses as expected but its wording is hawkish, explicitly keeping the December rate hike option open, gold prices will still come under pressure. If the meeting plays down guidance on future rate hikes, gold prices are expected to recover. Overall, market sentiment is cautious ahead of the meeting, and gold prices are likely to trade in a weak range, with the choice of direction requiring clearer policy signals.
Israel's defense minister called on voters to let Netanyahu "finish the job against Iran."
CoinWorld news, according to a report by CBS News, on Tuesday morning local time, Israeli citizens began participating in the national election. This election will determine the composition of the country's next government, and the Iran war has become an important factor influencing voters' decisions. Israeli Defense Minister Katz said that voters are facing a choice between two security approaches: "one based on offense, proactive action, and decisive victory, and the other a return to a policy of containment and restraint." Katz stated: "We have already struck Iran twice and eliminated existential threats; we have expanded Israel's security buffer zones in Lebanon, Syria, and Gaza to protect Israeli communities; at present, we are strengthening and consolidating defenses along the eastern border and the Jordan Valley region." He called on Israeli voters to "support this approach so that the mission can be completed."
Thailand's digital asset payment app worpt has officially launched.
CoinWorld news: Thailand-based digital asset payment app worpt has announced its official launch under Thailand's tourist digipay regulatory sandbox framework, allowing foreign tourists to convert stablecoins such as USDT and USDC into Thai baht and pay for goods and services by scanning Thai QR PromptPay codes. worpt was jointly developed by Waan Exchange (WaanX), a digital asset dealer holding a Thai SEC license, and Wipay, an e-money service provider regulated by the Bank of Thailand. WaanX has been approved to participate in the tourist digipay sandbox. The project also involves partners such as Tether, Visa, and Thai retail group The Mall Group. Merchants ultimately receive Thai baht through the existing payment system rather than receiving cryptocurrency directly. worpt plans to launch a physical Visa prepaid card in mid-November 2026 and a virtual card in early 2027, enabling users to use the same Thai baht balance for both QR code and card payments.
Euro area bank loan demand falls, credit conditions tighten.
ECB survey shows eurozone banks tightened corporate loan conditions in the three months to September while credit demand declined, suggesting the ECB's rate hikes are helping to "cool" economic activity. The ECB published the results of its quarterly survey of 159 banks, conducted from September 21 to October 6. The survey showed that banks tightened loan approval standards mainly because the US-Iran war heightened banks' risk concerns. Some banks reported increasing pressure from geopolitical uncertainty and changes in energy markets. The share of loan applications rejected during the quarter rose, and the decline in loan demand mainly reflected the impact of higher borrowing costs. The ECB raised key interest rates in June and September, for a cumulative 50 basis points of increases. Officials are expected to keep key rates unchanged at Thursday's meeting but raise them again by 25 basis points in December.
Binance submits virtual asset service provider license application to the Central Bank of Brazil.
According to blocknews, Binance submitted an application for a virtual asset service provider (SPSAV) license to the Central Bank of Brazil through its local entity bbrasil on October 23, completing the filing before the October 30 regulatory deadline. To comply with local regulatory requirements, Binance has restricted Brazilian users from using eight services, including crypto lending, leveraged trading, mining pools, and cloud mining, starting October 27, and has delisted 22 tokens, including USDE, USTC, DCR, and XVG. Existing positions in restricted products, in principle, can only be reduced or closed and cannot be increased. Binance plans to complete the migration of local user accounts by October 29.