predict.fun has officially launched its League of Legends World Championship prediction event, with a prize pool of $250,000.

Despite rising interest rates, U.S. consumers and businesses have kept borrowing, pushing loan revenue at America’s three largest banks to another record high in the third quarter. Earnings reports released Tuesday by JPMorgan Chase, Citigroup, and Wells Fargo show the three firms’ combined net interest income reached $56.5 billion in the third quarter, marking the fifth consecutive quarter of hitting an all-time high. JPMorgan forecasts net interest income will rise further in 2027. This outlook stands in sharp contrast to expectations earlier this year, when banks widely projected interest rates would fall. Back then, record trading revenue had captured most investors’ focus, leaving traditional interest income from loans and other interest-earning assets relatively overlooked. Banks also noted that U.S. consumers and businesses still have the ability to repay loans on time. All three banks reported a decline in non-accrual loans—loans for which banks cease recognizing interest income. Bank of America is scheduled to release its third-quarter results on Wednesday. However, amid a host of geopolitical uncertainties including the wars in Ukraine and the Middle East, persistent stubborn inflation, and elevated oil prices, banks remain cautious.

According to Lookonchain's monitoring, a trader has accumulated a $637,000 loss on Papertrade, with a cumulative notional trading volume of $2.84 billion. The trader incurred a $1.71 million trading loss and received 136 million PAPER tokens. Additionally, the trader earned $1.07 million in USDC rewards via staking, of which $943,000 has been claimed while $130,000 remains unclaimed. Overall, the trader’s net loss stands at $637,000.

As Microsoft (MSFT.O)’s four-month stock rally continues to accelerate, the company’s shares are on track to hit their first closing all-time high in nearly a year. Amid growing market confidence in Microsoft’s competitive position in artificial intelligence (AI), the stock has risen over 50% since its June low, adding roughly $1.5 trillion to its market capitalization. This milestone marks a dramatic reversal for Microsoft’s share price. Just months ago, the tech giant was among the worst-performing stocks in the S&P 500, as investors worried that its massive AI infrastructure spending was failing to deliver sufficient returns and that the software provider could face disruptive shocks. The stock plummeted 17% in June, its worst monthly performance since 2000, erasing nearly $600 billion in market value. The turning point came on July 29, when Microsoft released earnings showing its cloud computing business grew at its fastest pace in four years. The next day, the stock surged 16%, kicking off a strong rebound that led to Microsoft’s best quarterly performance since 1998. Following the July earnings release, at least two institutions upgraded Microsoft’s stock rating to "Buy", citing confidence in the company’s ability to capitalize on growing demand for AI services.

Trader 0x26b6 lost $637K on @papertrade_xyz. He lost $1.71M from trading and earned 136M $PAPER tokens. He earned $1.07M in USDC rewards through staking, with $943K already claimed and $130K still unclaimed. His net loss is $637K.

According to HTX market data, W is currently trading at $0.0181, down 30.45% over the past 24 hours.

According to market sources, Interactive Brokers has launched an Ethereum staking service powered by ZeroHash.