Shipping risks resurface in the Strait of Hormuz, with WTI crude oil's daily trading volume rising 16% month-on-month.

Beating AI News Flash: U.S.-based robotics AI firm Physical Intelligence (Pi) has launched the beta version of its Pi API, opening access to its foundational robotics model to more enterprises. Developers only need to upload robot operation data to fine-tune the model on Pi’s cloud computing power, then control their own robots via the API. There’s no need to train models from scratch or build complex training and inference infrastructure independently. Pi showcased real-world use cases from multiple partners, including AgRobotics’ strawberry-picking robots, autonomous loaders for self-driving trucks, and robots for food processing and server assembly. Among these, startup Almond used the Pi API to get its dual-arm robot to learn polishing the parts required for its own assembly after just 4 days of iterative training and testing. Pi had previously open-sourced robotics models such as π0 and π0.5, but developers still had to deploy and train them on their own. This time, the company has further packaged model fine-tuning, computing power, and inference services into an API, aiming to become a shared intelligent foundation for various robots. However, test access is still by application only, and pricing has not been announced yet.

DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million in USDS liquidity, offering stablecoin swap services to banks, fintech firms and payment companies, and recorded over $14 billion in trading volume in its first month.

Morgan Stanley released its third-quarter financial results, reporting net revenue of $20.34 billion, exceeding the consensus estimate of $19.89 billion. The firm posted earnings per share of $3.03 for the quarter, while net interest income came in at $3.25 billion, beating the forecast of $2.78 billion.

Qivalis, an alliance backed by 37 major European banks, has secured an electronic money institution (EMI) license from De Nederlandsche Bank (DNB, the Dutch central bank), bringing it closer to issuing euro-denominated electronic money tokens (EMT), a regulated stablecoin format. The firm still needs to fulfill remaining requirements under the EU’s Markets in Crypto-Assets (MiCA) regulation, including publishing a whitepaper, and plans to distribute the tokens via banks, crypto exchanges, and payment service providers over the coming months rather than directly to consumers. Under the EU MiCA framework, EMTs must be pegged to a single fiat currency, issued by authorized credit institutions or EMIs, redeemable at par at any time, and non-interest bearing. Since its launch in September 2025, the Qivalis alliance has expanded to include 37 European banks including BBVA, BNP Paribas, ING, and DZ Bank, and has selected Fireblocks to provide digital asset infrastructure.

Dongcha Beating AI News Flash: Finding files on Mac typically requires remembering names or keywords. If you only recall a zebra appearing in a video segment, or a podcast episode discussing sleep, traditional file search tools are of little help. Independent developer Abdur Rahim’s open-source tool DigUp solves this by enabling direct content-based file searches. Type in "zebra in video" and it will jump to the exact frame where the zebra appears; search for "segment discussing sleep" and it will pinpoint the relevant timestamp in the podcast. It can also search photos, PDFs, and even open the exact page of a specific clause in a contract. DigUp leverages Google DeepMind’s EmbeddingGemma 2 model, released on October 6. This model converts text, images, audio, and video into comparable numerical features, allowing users to find corresponding visuals or audio based on a text description. DigUp pre-indexes selected folders, and during searches, it can also precisely match details like invoice numbers and error codes. All indexing and search processes run locally on Mac, eliminating the need to upload private files to the cloud. Free and open-source, DigUp has earned over 3,000 GitHub stars in less than a week since its launch. It currently only supports Macs with Apple’s custom silicon, requiring macOS 14 or later. First-time use requires downloading an approximately 865 MB model and spending time building the index.

According to TradingBeats' monitoring, at least 14 accounts (with positions exceeding $100,000) opened new U.S. stock positions in the afternoon session. Among these, 12 accounts opened long positions totaling approximately $3.2081 million, while the other 2 accounts opened short positions totaling around $725,500. The new long positions are concentrated in the storage sector. Micron Technology (MU), SanDisk (SNDK), and SK Hynix (SKHY) accounted for about $2.6695 million in new long positions, making up roughly 83.2% of the total long position volume in this round. Specifically, Micron attracted 5 accounts to open new long positions, totaling approximately $1.384 million, with a volume-weighted average price of $947.99. SanDisk saw 2 accounts opening long positions totaling around $678,200, at a weighted average price of $1,455.36. SK Hynix had 1 new long account buying about $607,300. Short positions also centered on semiconductors and storage: one account opened a new short position of roughly $379,000 in SOXL in the afternoon, then closed it entirely; another account opened short positions of approximately $181,100 in SanDisk and $165,300 in Micron respectively. The remaining new long positions are distributed across Applied Materials (AMAT), Microsoft (MSFT), Nebius (NBIS), Broadcom (AVGO), and the Korean stock leverage ETF (KORU), with total position amounts of about $118,700, $103,900, $102,600, $103,300, and $110,100 respectively. Positions in Broadcom and KORU have since been exited.