Binance was hacked on October 29, with approximately $6.3 billion in assets affected, suspected to be exploited through a contract authorization vulnerability. Withdrawals are currently suspended, approximately $3 billion in assets have been frozen, and the official team has committed to full compensation, with services expected to resume within 48 hours.

Microsoft reported Q1 FY2027 revenue of $92.28 billion, up 19% year-over-year, beating market expectations. Azure revenue rose 48% to $33.17 billion, disclosed as a standalone figure for the first time, with growth expected to reach 49% to 50% next quarter. Shares rose about 4% after hours as capital expenditure came in below expectations.

Alphabet reported Q3 revenue of $127.58 billion, up 25% year-over-year, with Google Cloud revenue doubling to $30.71 billion. However, surging capital expenditures pushed free cash flow to negative $9.07 billion, earnings per share declined, and the stock fell about 10% in after-hours trading.

The $95 billion financing plan announced by Meta consists of three parts, but the timing of cash receipt differs by more than a year. Two items totaling approximately $37.5 billion have been priced, while the largest $60 billion Class C share issuance plan has not yet been signed. In October 2026, only about $12.5 billion will actually be received, accounting for roughly 13%.

Anthropic submitted its S-1 filing to the SEC on October 26, planning to list on Nasdaq under the ticker ANT. The filing shows a net loss of $80.748 billion for the first half of the year, but more than $72.3 billion of that consists of non-cash items such as convertible notes, putting the company near break-even at the operating level with cash flow turning positive.

In its Q3 earnings report, Meta announced the creation of a non-voting Class C common stock, to be distributed to holders of Class A and Class B shares at one share per share held—an effect similar to a 2-for-1 split—without changing shareholders' voting rights. The amended charter is set to take effect on January 19, 2027. The move, driven by capital expenditures exceeding cash flow and aimed at AI competition, was introduced.

Microsoft will report its FY2027 first-quarter results after the U.S. market close on October 28. The market focus is on whether Azure growth can cover surging AI capex. Azure grew 43% last quarter, but management has already signaled that FY2027 margins will contract. This earnings report will verify the specific magnitude of high revenue growth coexisting with margin decline.

Tesla's third-quarter revenue came in at $28.046 billion, essentially flat year-over-year, while non-GAAP earnings per share of $0.48 slightly beat expectations. However, rising R&D spending sent operating profit plunging 56% year-over-year to $718 million, and the stock reversed course and fell after the earnings call began.

On October 19, BlackRock submitted Form 485APOS to the SEC, seeking to launch the Bitcoin Downside Protection ETF (ticker: PBIT). The fund does not hold bitcoin directly; instead, it uses three sets of call option spreads to seek a degree of downside protection while limiting upside participation. It is currently still in the application stage.

Musk confirmed during SpaceX's Q3 earnings call that both companies have each established special committees to explore the possibility of a merger between SpaceX and Tesla. Currently, this is only exploratory discussion; no agreement has been reached on any transaction terms, and there is no guarantee a deal will ultimately be reached. Musk recused himself due to conflicts of interest.

SpaceX reported third-quarter revenue of $14.575 billion, up 161% year-over-year, with net profit of $4.404 billion. The Superintelligence (SI) business has contributed more than half of the group's revenue, emerging as a highlight of the business mix, but massive capital expenditure remains a key market concern.

SpaceX will report its third-quarter earnings after the U.S. market close on October 20, its second quarterly report since its IPO. Wall Street expects revenue of roughly $12.7 billion to $12.9 billion, with the market focused on AI infrastructure, Starlink revenue, and massive capital expenditures as a test of the company's profitability.

U.S. spot Ethereum ETFs saw significant net outflows last week, with the scale even exceeding that of the larger Bitcoin ETFs, sparking market concerns about Ethereum. It should be noted that this data represents only the net amount of fund subscriptions and redemptions, reflecting the willingness of capital to exit, but it is not equivalent to actual changes in price or net asset value.

On October 15, US PPI surged 6.3% year-over-year, far exceeding market expectations, triggering violent turbulence in the cryptocurrency market. Bitcoin briefly fell below $80,000 before rebounding to around $82,000. Nearly $1 billion was liquidated across the network in 24 hours, highlighting market risks under a high-inflation and high-leverage environment.

U.S. September CPI rose to 3.7% year-over-year, exceeding market expectations, with inflationary pressures continuing to intensify. The market is focused on the upcoming PPI data, which is expected to rise 0.6% month-over-month. Previously, August PPI reached 5.4% year-over-year, with producer-side price pressures significantly higher than the consumer side. If the data once again exceeds expectations, it could exacerbate market concerns about persistently rising inflation.

TSMC's Q3 2026 earnings beat expectations, with 2nm revenue share rising to 8%, a positive for AMD's MI450 ramp; HPC revenue grew 22%, confirming strong AI demand for NVIDIA. However, CoWoS packaging capacity remains uncertain, and market concerns over AI investment returns continue to weigh on share prices.