UBS CEO: Pullback in AI stocks is a correction of overblown expectations; US midterm election results could delay the pace of AI's delivery on its promises.

According to market data from BIT Stock Platform, Nvidia (NVDA.O) fell more than 4% in pre-market trading on US stocks.

Japan’s digital asset issuance and management platform Progmat has signed a memorandum of understanding (MOU) with U.S.-based Digital Asset Holdings, planning to migrate the trading and settlement of real-world assets (RWA) including Japanese government bonds (JGBs) onto the blockchain via the institutional-grade Canton Network. The two parties’ first phase will focus on integrating Progmat’s platform with the Canton Network, developing tokenized JGB products (tJGB) that retain the existing legal attributes of Japanese government bonds, and linking with existing securities transfer ledger systems. While upholding the legal validity of JGB right transfers and settlement finality, they will explore enabling 24/7 on-chain settlement. The Digital Asset Creation Consortium (DCC) led by Progmat has established a dedicated working group, and plans to launch the second phase of live testing in November. This phase will test the issuance and management of test assets including tJGB, tokenized deposits, and stablecoins on the Canton Network, and gradually connect domestic and international repo trading and collateral platforms. Earlier, MUFG and its three subsidiary financial institutions also announced their participation in the cooperation, to verify the full on-chain process of delivery versus payment (DvP) for government bonds and digital assets, as well as repo transactions.

Pre-market trading in US stocks saw mixed performance among tech stocks. Among the so-called "Magnificent Seven", Nvidia fell 4.89%, while Apple rose 0.65%, Microsoft gained 1.01%, Google added 1.06%, Amazon increased 0.98%, Meta climbed 0.72%, and Tesla edged up 0.01%. The optical communication sector was mostly lower: Lumentum dropped 2.65%, Corning fell 0.54%, Coherent declined 1.46%, Applied Optoelectronics lost 2.05%, Ciena was down 2.05%, Broadcom rose 0.71%, and Marvell Technology dropped 2.14%. The storage sector was broadly lower: Micron fell 1.26%, SanDisk declined 2.35%, SK Hynix dropped 2.25%, Western Digital was down 1.19%, and Seagate Technology fell 0.25%. The computing power and cloud sector saw widespread declines: Oracle fell 0.98%, CoreWeave dropped 3.53%, Nebius declined 2.72%, IREN fell 3.79%, and Applied Digital lost 2.02%. Space-themed concept stocks showed mixed moves: SpaceX rose 1.15%, Rocket Lab fell 0.91%, Planet Labs gained 0.92%, AST SpaceMobile climbed 0.77%, and Intuitive Machines dropped 1.13%.

According to monitoring by OnchainLens, a crypto whale has been steadily withdrawing LINK from Binance and transferring it to its multi-signature wallet. Over the past two days, the address has withdrawn approximately $1.98 million worth of LINK across 10 transactions, with the latest withdrawal valued at around $281,600.

According to Blockaid’s monitoring, Ankr’s Ethereum cross-chain bridge is under attack, with approximately $292,000 in losses incurred so far, and the attack is still ongoing. The attacker initiated 5 withdrawal calls to the cross-chain bridge on Ethereum, exploiting a small deposit on Optimism to unlock all assets locked in the bridge and transfer them to a newly created address.

During the recent Singapore TOKEN2049 conference, hackers targeted cryptocurrency traders and investors using fake public Wi-Fi hotspots, phishing pages, and social engineering tactics. Attackers set up malicious networks mimicking hotels, airports, and the conference venue, stealing device data and subsequently hot wallet assets via man-in-the-middle attacks, fake login pages, and malicious app updates. Separately, an off-site event titled "Don't Get Played" has been linked to fraud: organizers claiming to be Apex Accelerator and Stone Venture lured participants to install remote access malware on their laptops under the pretext of cybersecurity training, gaining control of devices to steal private keys. Related victims have filed reports with Singaporean police. Prominent crypto trader Frogman stated he was hacked during the event, losing 9 tokens from two major wallets, totaling over $4 million. The report reminds users who connected to suspicious networks or installed unknown software to promptly transfer assets to secure devices or cold wallets, revoke suspicious contract authorizations, and reset relevant passwords and two-factor authentication credentials. It is important to note that some attack groups and event details are reported or victim allegations and have not been officially confirmed.