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More →SpaceX and Tesla aim to reach a merger deal in the first half of next year.
Coin World news: SpaceX and Tesla are aiming to reach a merger deal in the first half of next year, and relevant parties are pushing for the two companies to announce the merger in the first half of 2027 so that it can be completed during Trump's current administration. After the merger, the combined company's total market value will reach approximately $3.7 trillion. This would allow Musk to further consolidate his control over his corporate empire before a possible deterioration in the political and financial environment. The U.S. midterm elections will be held in less than two weeks. If the Democratic Party gains control of either chamber of Congress, Musk and his companies could face investigations, weakening the president's influence. At the same time, if the sell-off in chip and artificial intelligence stocks continues, investor support may weaken, which could affect whether the deal can move forward. Bill Birmingham, head of research at rex financial, said: "Musk and his advisers clearly want to take advantage of this window. The current timing is both favorable and crucial."
Cailian Press, October 22 — According to reports, SpaceX and Tesla are said to be aiming to complete a merger transaction in the first half of 2027.
According to a report by Caixin, citing a report from October 22, SpaceX and Tesla are reportedly aiming to complete their merger in the first half of 2027.
Rob Nichols: The OCC's new stablecoin rules go against legislative intent and leave a third-party yield gap.
According to CoinWorld news, Rob Nichols, CEO of the American Bankers Association, issued a statement criticizing the U.S. Office of the Comptroller of the Currency (OCC) for its final stablecoin rule implementing the GENIUS Act, saying it violates Congress's legislative intent to protect local credit. The new rule removes a provision from the earlier proposal that presumed certain arrangements between issuers and third parties to be illegal, meaning platforms such as Coinbase can still offer stablecoin yields to users. Rob Nichols argues that this gap blurs the line between payment stablecoins and bank deposits, and that waiting until deposit outflows occur before addressing the issue is the wrong approach.
Caixin News, October 22 — Japan's 10-year government bond yield fell 2 basis points to 2.87%.
CoinWorld news, Cailian Press, October 22: Japan's 10-year government bond yield fell 2 basis points to 2.87%.
U.S. stock index futures moved lower, and Tesla cut its capital expenditure forecast.
US stock index futures fell after recent AI-related trades rebounded, as market sentiment was weighed down by mixed earnings from tech giants. Meanwhile, rising tensions in the Middle East pushed crude oil prices higher. In Asian early trading, Tesla lowered its capital expenditure forecast, Nasdaq 100 index futures fell 0.6%, and S&P 500 index futures fell 0.4%. Tesla shares fell 3.1% in after-hours trading. However, Meta Platforms Inc. rose 2% in after-hours trading as the company raised its spending forecast, further betting on artificial intelligence. Asian stock markets were mixed, with South Korean stock futures slightly lower while Japanese stock futures rose.
Upbit lists AXIS and holds trading and quiz events
CoinWorld news: Upbit exchange has announced the listing of AXIS, with the trading pair AXIS/KRW. The event runs from October 22, 2026, 10:00 to 23:59 (UTC+8). Users who participate in the quiz and answer all questions correctly can receive rewards ranging from 11 AXIS to 66 AXIS. Users who accumulate AXIS trading volume of 1 million Korean won in the KRW market can receive rewards ranging from 59 AXIS to 469 AXIS. Users who accumulate trading volume of 100 million Korean won can receive rewards ranging from 1,179 AXIS to 5,288 AXIS.
railway: An anomaly has been detected in the customer environment variable storage system, suspected of third-party access.
CoinWorld news, according to an official security notice issued by cloud application deployment platform Railway on October 21, the platform discovered abnormal activity in the system that stores customer environment variables. Investigation revealed that unauthorized third parties may have accessed some encrypted environment variables and obtained the decrypted contents of some of them, involving sensitive information such as API keys, database credentials, and private code repository credentials. Railway believes that this incident may be related to a recent series of attacks targeting cloud platform companies, and the attackers are suspected of attempting to further intrude into AI model inference service providers. The platform has notified relevant service providers to proactively revoke keys and recommends that all users immediately rotate API keys and other credentials and check for abnormal access records.
Aerodrome and Velodrome merge to launch Aero across seven blockchain networks.
CoinWorld data: Aerodrome and Velodrome announce merger, plan to launch Aero across seven blockchain networks.
Kobeissi: US electricity prices surge as AI boom drives demand
Benzinga reports that Kobeissi noted U.S. electricity prices are "soaring" due to demand driven by the AI boom. Meanwhile, Congresswoman Marjorie Taylor Greene questioned the "free" payments of thousands of dollars per month promised by AI companies.
Mitsubishi UFJ: The Bank of England is expected to raise interest rates by 25 basis points at its next meeting.
MUFG expects the Bank of England to raise interest rates by 25 basis points at its next meeting and again in February next year, ultimately pushing the rate up to a peak of 4.25%. As rising energy prices gradually feed through to household bills, the UK's headline inflation rate is expected to rise above 4% in the coming months. MUFG said energy prices have stayed elevated for longer than expected, with prices rising further in recent months. A stabilizing labor market, steady economic growth, and persistently high underlying inflation make it difficult for the Bank of England to ignore this shock. The bank expects UK GDP to grow about 0.65% quarter-on-quarter in the third quarter, and forecasts economic growth of 1.5% and 1.4% in 2026 and 2027 respectively, higher than the IMF's projections. Rising borrowing costs may have already compressed the UK's fiscal headroom ahead of the budget announcement to around 15 billion pounds.