Tim Cook: Apple Intelligence has been approved in China, beta version to launch at the end of October.

For a long time, telecom stocks have been viewed by investors as relatively safe investment options, characterized by predictable growth, limited downside risks, and generous dividends. However, competition from SpaceX and rising U.S. Treasury yields are threatening this investment thesis. SpaceX (SPCX.O) announced last week that it has acquired a block of wireless spectrum, enabling it to directly provide mobile communication services via Starlink satellites. This could turn the Elon Musk-led aerospace tech company into a major mobile operator. Following the announcement, shares of Verizon Communications, AT&T, and T-Mobile U.S. all posted double-digit percentage declines on Friday. John Conca, a telecom analyst at Third Bridge Group, said: "Competitive risks are emerging in an unprecedented way. The market believes this may just be the beginning."

U.S. Office of the Comptroller of the Currency (OCC)’s latest report notes that some large banks have relaxed restrictions on digital asset-related operations, though it remains unclear whether these adjustments have actually improved the ability of relevant firms to access financial services. The OCC warns that even with such relaxed restrictions, operational constraints may still effectively exclude certain digital asset companies from the financial services system.

UK-listed company Smarter Web Company has purchased an additional 83 BTC for roughly ￡5.2 million (about $6.9 million), lifting its total Bitcoin holdings to 2,830 coins. Meanwhile, the firm cut its outstanding borrowings under its Coinbase credit line from approximately ￡17 million ($22.5 million) to around ￡16 million ($21.2 million).

A DeepSeek staff member announced that from 8:11 to 13:04 Beijing Time on October 15, 2026, the company’s service system malfunctioned, rendering its API services unavailable during that period. DeepSeek has immediately launched a comprehensive investigation and thorough rectification to improve service stability, fully sorting out and eliminating single-point dependencies to firmly prevent similar issues from recurring. As compensation, DeepSeek will fully refund users for their consumption within the 7-day window from October 8 to October 14 via automatic bonus credits, which will be credited to users’ accounts automatically. API billing deductions will first be applied to the bonus account. DeepSeek apologizes again for the impact of this outage and thanks all users for their continuous trust and support.

Arthur Hayes(@CryptoHayes) bought 546,610 $AERO ($460K), 120,000 $PENDLE ($232K), and 3M $ZAMA ($197K) an hour ago.

Beating AI News Flash: Apple Executive Chairman Tim Cook confirmed in a live interview with APPSO that Apple Intelligence will launch a beta version in mainland China by the end of October. The initial features include writing tools, photo erasure, and real-time translation, but exclude the new Siri AI. Domestic Chinese users, who have waited nearly two years, finally have a clear beta launch timeline. This July, Apple’s China-focused generative AI service completed its regulatory filing. On September 29, network access permits for multiple domestic iPhone models added model filing numbers for Apple Intelligence, Alibaba’s Qianwen (Tongyi Qianwen) and Tongyi Wanxiang. Alibaba has confirmed that Qianwen will be directly integrated into Apple devices. Reuters previously also disclosed that Apple, with Alibaba’s support, trained a dedicated large language model for the Chinese market.