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More →Valero Energy's third-quarter net profit hit a record high of $6.8 billion, with shareholder returns in sight.
Valero Energy reported its earnings before the U.S. market open on Thursday, with third-quarter net profit reaching $6.8 billion, a record high. Soaring freight rates have amplified the refining advantage of the U.S. Gulf Coast, with resilient demand, favorable spreads, and promising shareholder returns. Executive Vice President and Chief Operating Officer Gary Simmons said he is highly confident in the sustainability of the current cracking spread environment. For some low-complexity refining capacity in the Far East, the combined cost of crude inbound freight and refined product outbound freight puts margins at around $2 to $3 per barrel. In addition, natural gas prices in these regions have begun to rise, further raising the floor that cracking spreads must reach to compel these refineries to maintain high utilization rates, while the world currently needs this capacity to remain in operation.
The number of tokenized stock holders has surged to approximately 5.3 million, making it the largest RWA category.
CryptoRank data: According to cryptorank data, from June to October 2026, the number of RWA holders increased from about 1.4 million to 6.4 million, a growth of about 4.5 times. Among them, the number of tokenized stock holders surged from 502,000 to about 5.3 million, an increase of more than 10 times, and their share of total RWA holders rose from 36.8% to 82.9%. During the same period, the number of tokenized fund holders increased slightly from 559,000 to 573,000, and the number of tokenized commodity holders increased from 302,000 to 523,000. cryptorank pointed out that tokenized stocks have become the largest RWA category measured by number of holders.
RingCentral shares rose 15.5% in premarket trading, with FY26 revenue and adjusted EPS expected to exceed expectations.
According to a CoinWorld report, citing Reuters, RingCentral's stock rose 15.5% in pre-market trading, with the company expecting its fiscal 2026 revenue and adjusted earnings per share to exceed market expectations.
Sources: BOJ expected to continue rapid rate hikes, with focus on December
CoinWorld news, sources: The Bank of Japan is expected to continue raising interest rates rapidly, with focus on December. The Bank of Japan said that the current interest rate level is still far from the neutral rate. The Bank of Japan believes that inflation needs to stabilize near the target.
High-frequency traders like Jane Street are no longer just competing on speed; they are also making big bets on computing power to avoid being left behind.
According to Bijie.com, [high-frequency traders such as Jane Street are no longer limited to competing on speed—they also have to "bet big" on computing power to avoid being eliminated] Cailian Press, October 23. For years, high-frequency traders such as Jane Street and Hudson River Trading have engaged in a nanosecond-level speed race. But now, the competition among Wall Street market-making giants has gone beyond a simple contest of speed—they are now also competing on computing power, that is, the foundational processing capacity at the core of the AI revolution. For high-frequency traders, if investing in this area can bring stronger computing power and faster chips, then it is not up for debate. These companies mainly profit from tiny price spreads by quickly entering and exiting positions and matching buyers and sellers. As they increasingly use machine learning to predict market behavior more accurately, the companies' performance is directly tied to computing power.
CSRC approves the establishment of Citigroup Securities (China) Co., Ltd.
According to BiJie.com, the China Securities Regulatory Commission has approved the establishment of Citigroup Securities (China) Co., Ltd. (hereinafter referred to as Citigroup China). Citigroup China is registered in Shanghai with a registered capital of RMB 1.2 billion, and its business scope includes securities brokerage, securities investment consulting, securities underwriting and sponsorship, and proprietary securities trading. Its shareholder is Citigroup Global Markets Holdings Limited, with a 100% capital contribution ratio.
Due to the shooting incident that occurred this morning
According to CoinWorld news, the Israel Defense Forces: Following the shooting incident that occurred this morning, the IDF has launched a raid in the Hebron area in the southern West Bank. Troops are conducting operations at the residences of two gunmen who opened fire on soldiers at a checkpoint.
Turkey's energy minister: Turkey and Russia have reached an agreement on diesel supply.
CoinWorld news, Turkish Energy Minister: Turkey and Russia have reached an agreement on diesel supply.
Longitude: will pay $1 billion in dividends via stablecoin
CoinWorld data: Cointelegraph reports that Steve Everett, CEO of Longitude, said the company plans to pay $1 billion in dividends through its stablecoin.
DeepSeek and MiniMax receive global AI usage approval
BiJie Network news, according to Reuters, China's DeepSeek and MiniMax have received global approval for AI use, with the relevant news released by an entity affiliated with state media.