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More →SoFi Technologies launches interest-bearing tokenized deposit product SOFIE
SoFi Technologies announced the launch of SOFIE, an interest-bearing tokenized deposit product, offering an annualized yield of 4.4% and protected by Federal Deposit Insurance Corporation (FDIC) insurance within applicable limits. Each SOFIE corresponds to 1 US dollar of deposit at SoFi Bank, and members can redeem it 1:1 for the stablecoin SOFIUSD through SoFi Crypto. Deposits continue to accrue interest before redemption, and SOFIUSD is not an FDIC-insured deposit. SoFi expects to complete a full rollout to crypto members in November. CEO Anthony Noto said he wants funds to continue generating yield before they are used, combining the yield and protection of bank deposits with the speed and utility of digital assets.
Sofi launches FDIC-insured tokenized deposits for crypto users
CoinWorld news: Sofi has announced the launch of an interest-bearing, FDIC-insured tokenized deposit aimed at crypto users. This new product is designed to provide crypto users with a safer deposit option.
The fund consolidation process for expired deposit addresses on CoinDCX has failed, and the platform bears the operational losses.
CoinDCX, an Indian cryptocurrency exchange, has issued an update stating that due to a security incident in July 2025, some deposit addresses have been deactivated, yet some users are still transferring assets to expired addresses. CoinDCX originally collected such funds on a regular basis, but the relevant process failed for a period of time. This morning, the issue was discovered, resulting in operational losses for the platform. CoinDCX will bear the related losses.
Risk-off sentiment drives the yen to outperform major currencies, analysts warn against overinterpretation.
As global stock markets suffered a sell-off and risk aversion intensified, the yen outperformed all major currencies on Thursday. Traders and strategists noted that domestic Japanese fund flows also provided support for the yen. The yen rose as much as 0.9% against the dollar to 156.69 per dollar, its strongest level since late September. The yen rose as much as 1.1% against the euro, approaching its highest level in nearly a year, and also gained about 0.5% against the Swiss franc. As major stock indices in Asia and Europe fell and U.S. stock index futures moved lower, long-term institutional investors bought the yen. A fresh round of disappointing earnings from technology and artificial intelligence-related companies weighed on market sentiment, while escalating tensions in the Middle East pushed oil prices higher, further dampening risk appetite. Strategists noted strengthening demand for Japanese government bonds and signs of buying by domestic Japanese funds. Some strategists said these factors may be helping the yen outperform other G-10 currencies, though more evidence is still needed to determine whether such flows are becoming a sustained source of support for the yen.
Apollo: The $2.6 billion financing deal is being called an "AI-resilient" investment.
Benzinga reports that Apollo ($APO) is marketing its $2.6 billion Yankee financing deal as an "AI-resistant" investment.
Meta reports total future spending commitments of $825 billion.
Meta Platforms (meta.o) said it has agreed to spend approximately $825 billion on various leases and contracts in the future, many of which involve computing power and infrastructure for artificial intelligence. In a filing on Thursday, the company said the value of operating and finance lease assets not currently recorded on its balance sheet is $355.7 billion, including data center and energy infrastructure leases beginning from the remainder of this year through 2036. As of September 30, the company had an additional $454.5 billion in non-cancelable short-term and long-term contracts, many related to third-party cloud computing capacity, energy agreements for data centers, or consumer hardware products for its Reality Labs division. Meta also said it is obligated to purchase up to $14.7 billion in cloud computing capacity over five years, but that amount could be reduced if the cloud service provider sells that capacity to other customers.
Meta reports total future spending commitments of $825 billion.
Meta Platforms (META.O) said it has agreed to spend about $825 billion in the future on various leases and contracts, many of which involve artificial intelligence computing capacity and infrastructure. In a filing on Thursday, the company said the value of operating and finance lease assets not currently recorded on its balance sheet is $355.7 billion, including leases for data centers and energy infrastructure that begin during the period from the remainder of this year through 2036. As of September 30, the company had an additional $454.5 billion in non-cancelable short-term and long-term contracts, many of which are related to third-party cloud computing capacity, energy agreements for data centers, or consumer hardware products for its Reality Labs division. Meta also said it is obligated to purchase up to $14.7 billion of cloud computing capacity within five years, but that amount could be reduced if the cloud service provider sells that capacity to other customers.
AMD off-exchange short sale volume ratio reported at 56.82%
CoinWorld US stock data: AMD's off-exchange short selling volume accounted for 56.82% of the total that day. Compared with the same-caliber snapshot 24 hours earlier, it rose by 6.2877 percentage points; compared with the same-caliber snapshot 7 days earlier, it rose by 2.515 percentage points.
Meta commits $825 billion to AI compute and infrastructure.
Meta Platforms Inc. said it has signed multiple leases and contracts with total future committed spending of approximately $825 billion, a large portion of which is allocated to artificial intelligence computing power and related infrastructure. According to regulatory filings submitted by the company on Thursday, the value of operating leases and finance leases not yet recorded on the balance sheet is $355.7 billion, covering data center and energy infrastructure lease projects that will commence at various times from the remainder of this year through 2036. As of September 30, Meta also had $454.5 billion in non-cancelable short-term and long-term contracts, most of which are related to third-party cloud computing capacity, data center energy agreements, and consumer hardware products in the Reality Labs division. Meta also said that it has up to $14.7 billion in cloud computing procurement obligations over the next five years, though that amount could be reduced if cloud service providers resell the computing capacity to other customers.
Qatar condemns the Houthi attack on King Fahd International Airport in Dammam.
Qatar's Ministry of Foreign Affairs: Qatar condemns the Houthi attack on King Fahd International Airport in Dammam.