Our Summary:Bitcoin's price dropped by over 3% in the last 24 hours, wiping out over $600 million in crypto bets, as the global bond selloff continues to weigh on the cryptocurrency and stock market. The US 30-year Treasury yield reached 5.715%, while the US Dollar Index climbed above 102, adding to the market pressures. Large-cap crypto equities, including MSTR, COIN, CRCL, and BMNR, also fell under pressure, with BMNR stock dropping as much as 4.5% in pre-market trading.

Our Summary:Nvidia is considering investing another $1 billion in Figure AI, the humanoid robotics startup, in a deal that could further solidify the company's position in the AI-powered robotics market. The talks have not been confirmed, and no deal terms have been disclosed. Nvidia has already invested in Figure's Series C funding round, which raised over $1 billion and valued the company at $39 billion. Figure has raised approximately $1.9 billion in total funding, with earlier backers including Microsoft, OpenAI, and Intel. The partnership would allow Figure to train models on Nvidia's Vera Rubin GPUs and deploy them on Nvidia GPUs inside its robots, addressing the company's need for more data and computing resources to speed up development.

Our Summary:HSBC plans to cut about half of its management roles and 70% of financial adviser positions in its UK wealth business as part of a push to adopt artificial intelligence and simplify its operations. The restructuring targets approximately 50% of management and specialist roles and 70% of financial adviser positions, with departures expected by the end of October 2026.

Our Summary:Galliford Try, Quantum Blockchain, Futura Medical, Helix Exploration, 88 Energy, and Powerhouse Energy have secured significant deals in the US and globally, expanding their presence in various industries

Our Summary:The UK government has named six major banks to lead the issuance of its first digitally native government bond, known as the Digital Gilt Instrument (DIGIT), with a pilot expected by the first quarter of 2027. The pilot will test distributed ledger technology and onchain settlement for UK sovereign debt, marking an important step towards issuing the digital gilt early next year.

Our Summary:HSBC UK, Barclays, and Lloyds are among seven institutions participating in a tokenized deposit initiative using Quant-built infrastructure. A viral call by gold analyst Jan Nieuwenhuijs highlights the project's potential. The trial uses a unique $10,000 QNT call, sparking interest in the project.