Saudi Aramco’s Dhahran headquarters was attacked and caught fire; Houthi militants threatened to strike oil facilities in Riyadh, while Trump is considering drawing Turkey into the conflict.
Saudi Arabia's Ministry of Energy confirmed that an administrative building at Saudi Aramco's headquarters in Dhahran, Eastern Province, was attacked and suffered a "limited fire". No casualties have been reported so far, and the actual damage from the attack remains unclear. Earlier, the Saudi-led coalition stated that ballistic missiles targeting Haradh and Dhahran in Eastern Province were intercepted, with interception debris falling into residential areas of Dhahran. At the time of the attack, Houthi military spokesperson Yahya Saree threatened to launch a "severe and painful" response to the Saudi-led coalition's strike on Sanaa, warning that it may target oil facilities in Saudi Arabia's Eastern Province and Riyadh. Meanwhile, executives from major energy firms including ExxonMobil, Chevron, Shell, BP, and TotalEnergies have withdrawn from the World Petroleum Congress being held in Riyadh, as regional security risks have further escalated. U.S. President Donald Trump said he has discussed the recent attacks with Saudi Crown Prince Mohammed bin Salman, accusing the Houthis of possibly attempting to push up oil prices ahead of the U.S. midterm elections with Iranian backing. Trump noted that he may ask Turkish President Recep Tayyip Erdogan to join operations against the Houthis in Yemen, warning that actions will continue even after the November 3 midterm elections.
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Vortexa: U.S. Sanctions Push Iran's Crude Oil Exports to Zero, No Recovery Seen in October
According to energy intelligence platform Vortexa, U.S. maritime sanctions have pushed Iran’s seaborne crude oil exports to zero since the second week of September, with no sign of recovery as of October 5. The 14-day average export volume in early September stood at 230,000 barrels per day. Currently, Iran’s seaborne oil tanker storage has dropped to 83 million barrels, of which 43 million are stranded west of the Strait of Hormuz due to U.S. sanctions. Vortexa noted that U.S. sanctions have effectively blocked Iran’s crude oil from leaving the Persian Gulf. Iran’s liquefied petroleum gas (LPG) exports fell 48% month-on-month, hitting their lowest level since at least January 2023. Meanwhile, Russia’s September crude oil exports rose 6% month-on-month to 3.79 million barrels per day, accounting for around 80% of the total high-risk crude oil exports from Iran, Russia, and Venezuela combined. The three countries’ total September exports reached 4.73 million barrels per day, down from 6.39 million barrels per day in the same period last year. Additionally, Gulf region oil exports excluding Iran have recovered to over 81% of pre-war levels, driven mainly by the rebound in Saudi Arabia’s exports. (Jin10)
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Bitcoin treasury firm Strive plans to raise $500 million by launching preferred shares with a 15% annual fixed dividend.
Bitcoin treasury firm Strive (ASST) announced the launch of perpetual preferred stock SATS, planning to issue 5 million shares at $100 each to raise $500 million. The proceeds will be used to add to Bitcoin holdings, acquire income-generating assets, or repurchase shares. SATS offers a fixed annual dividend of 15%, paid daily, with lower priority in liquidation and dividend distribution than Strive’s existing perpetual preferred stock SATA, which currently carries a 13% dividend rate. Strive also plans to establish a dividend reserve upon the issuance’s completion, equal to SATS’ dividend payments for its first 18 months. In terms of Bitcoin holdings, Strive added 3,311 BTC last week, bringing its total position to 32,773 BTC, valued at approximately $2.7 billion at current prices. Three months ago, the firm held fewer than 20,000 BTC.
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Starknet launches shadow accounts, enabling users to anonymously link their main wallets with DeFi activities.
According to an official announcement, Starknet has launched Shadow Accounts, allowing users to participate in public DeFi activities via an independent, self-controlled address while keeping the link between this address and their main wallet confidential. Shadow Accounts are independent pseudonymous addresses on Starknet, funded by users’ protected STRK20 balances. The first integration will launch tomorrow. While the balance, transaction history, and application positions of Shadow Accounts remain publicly visible on-chain, STRK20 protects the connection between these accounts and users’ main wallets. This means users do not need to hide their DeFi activities themselves, while reducing the likelihood that external observers can trace those activities back to their main wallets.
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Applied Materials forecasts its services business revenue will grow by more than 20% by 2026, and top $12 billion by 2030.
Applied Materials (AMAT.O) said it targets a non-GAAP gross margin of 54% and operating margin of 40% by 2030. It projects its services business revenue will grow by over 20% in 2026, and exceed $12 billion by 2030. The company plans to expand its R&D labs and manufacturing capacity to more than double current levels by 2030, return 80% to 100% of its free cash flow to shareholders by 2030, and lift its wafer fabrication equipment (WFE) market share by more than 2 percentage points between 2025 and 2030.
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Perspective: Bitcoin investors who accumulated positions at high levels have their cost prices capping upside potential, with selling pressure having notably eased.
Glassnode stated that the cost basis of investors who purchased Bitcoin at high levels continues to cap its upside potential. Following Bitcoin’s rebound to around $88,000, investors with 1 to 2-year holding periods sold off heavily, and this price level is also near the break-even point for investors who have held Bitcoin for 6 to 12 months. Bitcoin’s price subsequently faced resistance below this level, and this selling pressure has now eased significantly.
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