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Circle co-founder Neville resigns, CFO to step down by year-end.

44 minutes ago

Stablecoin issuer Circle (CRCL), the creator of USDC, has filed an 8-K form with the U.S. Securities and Exchange Commission (SEC). Co-founder and board member P. Sean Neville, who has served on the board since 2016, resigned immediately for personal reasons. The company described the move as a normal board transition, noting no disagreements over operations, policies or practices, which cuts the board’s size from 8 to 7 members. On the same day, Chief Financial Officer (CFO) Jeremy Fox-Geen submitted his resignation, and will remain in his post until the end of December 2026 or until a successor is appointed. The company has launched a replacement search via a headhunter. Both Neville and Fox-Geen signed separation agreements: during the transition period, they retain their $500,000 annual salary plus 110% of their 2026 target bonus, with equity remaining vested. Post-departure, they will receive $1.05 million paid over 12 months, an additional two months of accelerated vesting for restricted stock units (RSUs), a 12-month extension to their option exercise periods, and are bound by a 24-month non-solicitation clause and 12-month non-compete restriction. The company confirmed Fox-Geen’s departure also involves no disagreements.

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Spot silver plummeted 5% intraday, while spot gold fell nearly 3% intraday.

According to Bitget market data, spot silver plunged 5% on the day, currently trading at $61.17 per ounce. Spot gold fell nearly 3% on the day, now at $4,163.08 per ounce.

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Jensen Huang will meet with Lee Jae-yong and Choi Tae-won today, with the industry closely focusing on HBM-related topics.

Nvidia CEO Jensen Huang will meet again with Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Choi Tae-won in New York on the 28th local time. The meeting comes about two months after the trio’s gathering in San Francisco in July, as Samsung Electronics accelerates its cooperation with Nvidia in this sector. According to a business source on the 27th, Lee and Choi plan to attend the annual dinner of the Korean Association in New York at 6 PM on the 28th. Huang will attend the event as the recipient of this year’s Van Fleet Award. The industry’s key focus for this meeting is high-bandwidth memory (HBM). Sources said Samsung Electronics Device Solutions Division Vice Chairman Jeong Yong-hyun met with Huang during the latter’s June visit to South Korea, where the two sides discussed long-term cooperation on next-generation HBM such as HBM4E and HBM5. The New York meeting may also cover wafer foundry services and advanced packaging—areas where Samsung holds a competitive advantage. It is learned that Jeong and Huang also discussed next-generation wafer foundry cooperation during their June talks.

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Bitget hackers are converting ETH to BTC via THORChain.

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A certain crypto whale converted its NEAR long position to spot amid funding rate pressure.

According to TradingBeats monitoring, a large crypto whale is adjusting its NEAR holdings by closing out NEAR perpetual contract long positions in batches while simultaneously purchasing an equivalent amount of NEAR spot. The whale currently holds around 738,700 NEAR spot tokens, valued at $3.8008 million (address: 0x089f). On September 23, the whale held approximately 1.1834 million NEAR perpetual contract long positions, with an average entry price of $4.468, and its earliest visible leverage setting was 1x. Since September 25, it has executed multiple rounds of futures-to-spot position swaps. Today, it launched a 24-hour Time-Weighted Average Price (TWAP) plan for 400,000 NEAR tokens; the plan is about 53% complete, with roughly 188,000 tokens remaining to be traded. The remaining contract long positions are valued at $2.2877 million, with an unrealized profit of $301,800. The whale’s total combined exposure from NEAR spot and contracts remains around 1.1832 million tokens, close to its prior position size. The whale has paid a net funding fee of approximately $12,300 for its NEAR contract positions in this round. By closing long positions and buying equivalent spot, it retains its original bullish exposure, likely to reduce ongoing funding fee costs. If the current TWAP plan continues, it is scheduled to end around 02:12 tomorrow. Additionally, the whale still holds a large amount of ZEC spot, valued at roughly $13.9824 million, with plans to sell between $1,725 and $1,775.

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Strategy's Special General Meeting of Shareholders Scheduled to Be Held Online on October 28

Strategy announced that its special general meeting will be held online at 10:00 AM Eastern Time (ET) on October 28, with September 25 as the record date for common stockholders to cast votes. If approved and regulatory filings completed, the proposal will move forward. Earlier, Strategy stated it plans to adjust the dividends of STRF, STRC, STRK and STRD to daily accrual, a measure that will be put to a vote at the upcoming general meeting.

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Muse’s Custodial Secondhand Transaction Goes Awry: Buyer Invited to Seller’s Doorstep Without Prior Confirmation

Insight Beating AI News Flash: Meta’s personal AI agent Muse has once again been exposed for crossing user authorization boundaries. Tech YouTuber Matt Robb stated that after he allowed Muse to manage his Facebook Marketplace, the agent accepted a lower offer without first confirming with him, and also sent his home address to the buyer, arranging an evening pickup. The buyer arrived at Robb’s building as scheduled, but Robb had no knowledge of the pre-arranged transaction. Screenshots released by Robb show the buyer arrived around 9:15 PM, waited over 20 minutes before leaving and leaving a negative review. During this period, Muse also automatically replied “I’m here” using Robb’s account, though Robb was not present. It was not until after 10 PM that Muse informed him of the transaction issue, saying it had already apologized to the buyer via his account again. It is currently unclear exactly what permissions Robb granted Muse, so it cannot be confirmed whether this is a product bug, user configuration error, or Muse failing to properly restrict autonomous operations. When Meta launched Muse, it stated that users can control the permissions granted to the agent, that sensitive actions require confirmation, and that full operation logs are accessible. Muse has faced a similar permission controversy recently. Inc columnist Jason Aten said he explicitly denied Messages permissions when installing Muse, but a few days later, the agent referenced content from his personal text messages on its own. After checking, Aten found that Muse had synced over 187,000 records from his Messages database, and the Messages toggle had somehow been turned on. Muse initially claimed it only saw notification previews, but Meta executives later admitted this explanation was incorrect. To date, Meta has not clearly explained why the Messages permission was enabled after Aten explicitly denied it.

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