DeepSeek is expected to close a roughly $12 billion financing round, with Tencent and CATL potentially participating.

Walmart, Eli Lilly, Carnival, Arcos Dorados, and Cigna have joined the list of opponents to the tokenized stock trading plan of OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. An updated announcement shows that the number of companies that have filed objections has reached 38, more than half of the 62 firms originally on the proposed list. The plan relies on the U.S. Securities and Exchange Commission (SEC)’s "innovation exemption" framework. Under the framework, when tokenizing shares via an unaffiliated third party, the trading venue must notify the issuer and grant a 30-day objection period; if no objection is raised, the trading can proceed, and there is no mechanism to withdraw consent afterward. JPMorgan Chase has also expressed opposition, with a spokesperson noting that the firm is not participating at this stage but does not rule out future opportunities.

Hong Kong fintech firm PhotonPay announced it has closed a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and existing backers IDG Capital, GL Ventures and Lightspeed Faction joining as follow-on investors. The capital will be used to expand its stablecoin-centric financial operating system, enhance multi-asset wallet, global card issuance and local clearing capabilities, and advance the financial execution layer for AI agents. As of August 2026, the company’s annualized transaction volume reached $65 billion, having obtained 34 payment and financial licenses or authorizations across the Americas, Europe and Asia, serving over 200,000 enterprise clients and covering more than 200 countries and regions.

According to data from the BIT Stock Platform, U.S. stocks opened with broad declines in the semiconductor, storage, and crypto-related sectors, while the optical communications sector saw mixed performance. In the semiconductor and storage sector: Seagate (STX) fell 2.51%; Western Digital (WDC) dropped 1.87%; SanDisk (SNDK) declined 3.80%; Micron (MU) fell 3.03%; NVIDIA (NVDA) dropped 1.08%; Intel (INTC) declined 3.60%; AMD fell 1.65%. In crypto-related stocks: Strategy (MSTR) fell 3.39%; Coinbase (COIN) dropped 1.91%; Circle (CRCL) declined 2.61%; BitMine (BMNR) fell 3.03%; SharpLink (SBET) dropped 1.83%. In optical communications-related stocks: FOTO rose 0.43%; Marvell Technology (MRVL) plunged 12.57%; Applied Optoelectronics (AAOI) declined 3.20%; Lumentum (LITE) gained 4.13%; Coherent (COHR) fell 0.26%; Ciena (CIEN) dropped 3.84%; Fabrinet (FN) declined 2.20%; AXT (AXTI) fell 6.23%.

Oct 29 Update: #Bitcoin ETFs: 1D NetFlow: +1,684 $BTC(+$134.91M)?? 7D NetFlow: -3,889 $BTC(-$311.62M)?? #Ethereum ETFs: 1D NetFlow: -9,081 $ETH(-$21.11M)?? 7D NetFlow: -101,144 $ETH(-$235.17M)??

According to data from the BIT Stock Platform, the three major U.S. stock indexes opened lower across the board: the Dow Jones Index fell 0.65%, the S&P 500 Index dropped 0.53%, and the Nasdaq Composite Index declined 1.32%. Google fell more than 11%, erasing over $400 billion in market capitalization; Microsoft rose more than 1%, ServiceNow dropped over 18%, Lumentum gained more than 3%, and Marvell Technology fell over 11%. Marvell Technology is reportedly in advanced negotiations to acquire optical component manufacturer Lumentum.

According to data from BIT Stock Platform, Alphabet (GOOG.O), the parent company of Google, saw its decline widen to 13% in early U.S. trading, with a market capitalization loss of nearly $490 billion.