Friday 30 October

The world's largest cryptocurrency exchange, Binance, has been hit by a massive cyberattack, leading to the freezing of $2.5 billion in assets. Major stablecoin issuers Tether and Circle have intervened to mitigate the damage, but the incident has sent shockwaves through the market, causing a sharp decline in the value of Bitcoin and Ethereum. Read more →

The Netherlands has defied gloomy forecasts with a third-quarter growth rate of 0.6%, underpinned by robust industrial output and machinery exports. Despite persistent geopolitical headwinds, the economy boasts an impressive annual growth rate of 2.1%, providing a welcome cushion for the government. Read more →

In a major reshuffling of the tech hierarchy, Apple has reclaimed the title of the world’s most valuable public company, reaching a valuation of $5 trillion. The shift comes as investors sour on Nvidia and other AI-centric stocks, following underwhelming earnings reports from industry giants like Intel and Amazon. Read more →

The rise of generative AI has begun to bite into the advertising revenues of Alphabet, sending the company’s stock into a record-breaking decline. As users increasingly pivot to AI-powered chatbots instead of traditional search engines, Google is scrambling to integrate ads into new formats to stave off intense global competition. Read more →

Dutch authorities are on high alert as social media chatter fuels fears of coordinated riots and looting across the Netherlands this weekend. While officials describe the online evidence as unconfirmed, the threat has been serious enough to prompt storefronts to be boarded up and schools to warn parents. Read more →