credit

According to The Block, Laser Digital, a digital asset subsidiary of Nomura, has partnered with ZIG Finance to launch an on-chain investment product called zEMS Vault, aiming to raise $100 million to provide qualified institutional investors with exposure to a portfolio of loans for small and medium-sized enterprises in Saudi Arabia. The relevant loans are issued through Beehive's lending infrastructure.The vault is deployed on the BNB Chain, and investors can use stablecoins for subscriptions and redemptions. KAIO is responsible for tokenization and the management of the vault's entire lifecycle, with KYC checks performed at both the subscription and redemption stages; Zamanat is responsible for investment structure design and providing Shariah compliance consulting, while Laser Digital serves as the risk framework advisor.zEMS Vault is the first product under the strategic cooperation between ZIG Finance and Laser Digital, and both parties plan to expand this model to other emerging markets and credit strategies.

According to Decrypt, Chainlink and Moody's Ratings have completed a pilot project demonstrating how to simultaneously distribute credit ratings across multiple blockchains. The test was announced on Tuesday, using Chainlink's cross-chain interoperability protocol CCIP to distribute Moody's ratings to both permissioned and permissionless chain networks.The pilot operates through Moody's Ratings Token Integration Engine TIE, which was built by the 125-year-old rating agency to disseminate credit assessments and related data in a blockchain environment. Both parties stated that the pilot proves that ratings can be transmitted across chains through a single interoperability layer while retaining Moody's existing publishing and governance processes. Moody's has rated or assessed over 70 digital issuances, including digital bonds and tokenized funds, from January 2017 to October 2026.Johann Eid, Chief Business Officer of Chainlink Labs, stated that as more financial assets go on-chain, credit intelligence must flow cross-chain and accompany every rating change. Fabian Astic, Global Head of Digital Economy at Moody's, believes that the future of tokenized finance is unlikely to exist solely on a single blockchain, platform, or market infrastructure.This pilot runs entirely on a testnet using representative test data and has not published any actual rating actions on-chain; it is a proof of concept rather than a live product. Previously, Moody's launched TIE on the institutional-grade Canton Network and subsequently expanded to Solana.

According to PR Newswire, Marble, an institutional multi-asset trading and computing credit company founded by former BitGo and Galaxy Digital executives Matt Ballensweig and Leon Marshall, has announced its launch and completed a $11 million seed round financing, led by Polychain Capital, with participation from institutions such as Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, and several angel investors in the AI field.Marble operates through two business lines. Marble Compute focuses on building private credit channels for AI infrastructure, connecting institutional lenders with neoclouds and GPU operators; Marble Markets builds an institutional trading platform covering digital assets, real-world assets, prediction markets, and computing power.The two founders serve as co-CEOs: Ballensweig was the global trading head at BitGo, and Marshall was the CEO of Galaxy Digital's European operations.

Michael Saylor posted on the X platform, stating that digital credit combines financial infrastructures such as corporate equity, preferred stock, trading markets, tax laws, and securities regulation that have gradually formed over hundreds of years.Stretch, under Strategy, completed its initial issuance in July 2025, raising approximately $2.521 billion. Strategy stated that it has used the net proceeds after deducting expenses to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on NASDAQ, adopting a monthly dividend rate policy determined by the board of directors.

As the artificial intelligence stock sell-off further intensifies and spreads to the credit market, SoftBank Group led the decline in Asian dollar bonds on Friday. Data shows that SoftBank's dollar bonds maturing in 2032 fell by 0.9 cents on Friday, marking the largest single-day drop in 10 weeks, making SoftBank bonds one of the worst-performing bonds in Asia, with its stock price once dropping by 16%. Previously, the credit default swap prices related to some U.S. companies impacted by the AI sell-off surged significantly, with traders indicating that the yield premium on Asian dollar bonds widened by at least 3 basis points.The decline on Friday continued the repricing that has already begun in the global credit market. The AI boom has driven companies to heavily borrow, thereby pushing up financing yields, and this sell-off has also added new pressure to the global economy. On Thursday, the average spread of Asian investment-grade dollar bonds rose to 73 basis points, the highest level since July 2025, although the extent of the sell-off in the credit market remains lower than that in the stock market.

According to Markit data, SpaceX (SPCX.O) five-year credit default swaps widened to a new high, rising by 24.5 basis points to 286.56.

The French mutual credit bank Akeia was attacked by hackers, and some of the stolen funds have been intercepted. The hackers transferred money through bank accounts and exchanged it for cryptocurrency, with the involved funds possibly exceeding 100 million euros. The Paris prosecutor's office has launched an investigation.

The traditional inventory financing platform Settle has reached a forward loan purchase agreement with the crypto lending platform 3Jane, with an initial amount of 50 million USD, which can be expanded to 100 million USD.3Jane has purchased 18 million USD of existing loans from Settle and will continue to purchase eligible new loans. 3Jane stated that it will use stablecoin liquidity to finance these loans.

TeraWulf announced that it has signed a credit support agreement with Google to provide financing support for its Justified data center campus project in Hawesville, Kentucky, USA, which corresponds to a long-term lease commitment of approximately $19 billion signed with Anthropic. Google will provide contractual credit support for the expected debt financing, and Alphabet's senior unsecured debt currently holds a rating of AA+ from S&P and Aa2 from Moody's.According to the project schedule, the relevant data centers are expected to begin phased delivery by the end of 2027 and continue into the second quarter of 2028. TeraWulf stated that this agreement will further enhance the project's financing framework and strengthen construction execution capabilities, driving its long-term AI and high-performance computing (HPC) leasing demand into sustainable cash flow.

According to French media Cryptoast, France's Crédit Mutuel Arkéa has confirmed that it was attacked, and someone used this to conduct fraudulent transactions. The bank stated that the incident has been brought under control, and customers have not suffered any financial losses, but the amount of the losses has not been disclosed.Earlier reports indicated that analysts pointed out that the online banking service Fortuneo under the group may have suffered fraud losses exceeding 133 million dollars, with funds being laundered through cryptocurrency channels.

The blockchain vulnerability bounty platform Immunefi announced the launch of Immunefi Credits. Since the submission fee mechanism was initiated, researchers will receive an equivalent amount of Credits for effective reports, covering valid discoveries, valid reports of duplicate submissions, privately known issues, and situations where the mediation results are favorable to the researchers. The platform stated that over 700 researchers have already received Credits without needing to apply separately, and the amount can be viewed on the Credits page associated with the console balance.Immunefi stated that starting today, Credits can be used to pay for submission reports, mediation, account verification, and other fees within the platform, and will be used for related services once Immunefi Studio is open to the public. One Credit is worth 1 US dollar and can be purchased with USDC. Credits do not replace vulnerability bounties or audit competition rewards; valid discoveries will still receive rewards according to the original rules, and additionally receive Credits equivalent to the submission fees. The Credits issued retroactively will be valid for 12 months from today, and thereafter each Credit will be valid for 12 months from the date of crediting, bound to the account, and non-transferable or redeemable.Eligible situations also include valid discoveries already paid in vulnerability bounties or confirmed in audit competitions, duplicates of valid reports by others, privately known issues and their duplicates, as well as mediation fees when mediation is won. Publicly known issues, invalid reports, out-of-scope submissions, policy violations, duplicates of rejected reports, and duplicates of self-reports are not counted. Account verification fees can earn equivalent Credits when there is a valid report after verification and the accuracy rate reaches at least 25%. The fee mechanism has been applicable to vulnerability bounties since March 24 and to audit competitions since April 10, with relevant verifications currently conducted approximately every two weeks.

Bitcoin Treasury Company Strategy stated in its third-quarter earnings call that it plans to finance its continued acquisition of Bitcoin through the issuance of preferred stock. Executive Chairman Michael Saylor mentioned that the company could create up to $30 billion in digital credit using its existing balance sheet, without the need for additional issuance of common stock or relying on further increases in Bitcoin prices.Strategy's Chief Executive Officer Phong Le indicated that issuing digital credit will be the primary means of acquiring Bitcoin. If the company raises between $1 billion and $2 billion monthly through preferred stock like STRC, part of the funds will go into dollar reserves, while the remainder will be used to purchase Bitcoin. This move marks a shift in the company's financing method from convertible bonds and common stock sales to preferred stock.The earnings report showed that Strategy's net profit for the third quarter was $19.53 billion, primarily driven by an increase in the value of digital assets by $20.91 billion. As of October 25, the company held 848,517 Bitcoins, representing a year-to-date increase of 26%. Saylor emphasized that the $30 billion represents a potential limit, not an announced financing target.

According to The Information, NVIDIA is negotiating to provide billions of dollars in credit support to assist a cloud service provider in reaching a $45 billion deal with Anthropic.

GMO Internet was previously attacked, leading to suspected leakage of customer information data. The company refused to pay the ransom and stated plans to compensate customers for their losses.It is reported that GMO Internet operates the cryptocurrency exchange "Z.com EX," which has obtained licenses from the Thai Securities and Exchange Commission and the Thai Ministry of Finance. The exchange has disclosed that it has been acquired, involving the acquisition of all shares of the target company held by shareholders such as GMO Internet and its related subsidiaries. It is currently unclear whether the customer information data is related to the cryptocurrency exchange.

OpenAI documentation shows that eligible ChatGPT Pro and Business subscriptions can receive free API credits for building applications and agents within their own API organization. The credits are automatically issued based on the subscription, and any unused portion expires at the end of the billing cycle without carrying over; when there are valid free credits, there is no need to bind an API payment method. In terms of monthly credits, Pro's tiers of $100, $200, and $500 correspond to $100, $200, and $500 respectively; Business Standard provides $20 per paid seat, and Business Premium provides $100 per paid seat.The initial issuance is calculated proportionally based on the remaining time in the current subscription billing cycle and expires at the end of that cycle. Business API credits are shared within the workspace, with a monthly cap of $500; annual payment workspaces receive a one-time issuance of the annual credits, which expire at the end of the annual billing cycle. Users must log in to ChatGPT with an eligible subscription account, with Pro credits claimed in Settings under Billing, and Business credits claimed in the workspace billing settings or Admin Console, confirming the API organization receiving the credits.The credits cover the paid usage of associated organizations on the API Platform, including Responses API, Agents API, Decisions API, GPT-Live and Realtime API, Images API, as well as built-in tools and related costs such as web search, document search, and Code Interpreter. Using Codex via API key is not included in the benefits, and the credits will not increase the usage limits for ChatGPT or Codex that is already logged in. Free credits are prioritized over purchased credits; when exhausted and no remaining credits are available, requests will fail with HTTP 429 and error code credit_balance_exhausted.

Federal Reserve Chairman Waller stated that the credit spread has widened.

Federal Reserve Chairman Waller stated that the credit environment has tightened.

According to CoinDesk, Ethereum developers have fixed a vulnerability in the Glamsterdam upgrade that could allow operators to withdraw ETH intended for new validators from the staking service. The fix changed the handling rules for validator deposits and was merged on Monday, after developers had rejected the modification a week earlier.Researcher avsetsin discovered that if an operator first registers as a builder with a specific public key, and the staking service subsequently deposits ETH using the same key to activate the validator, the draft rules would credit both deposits to the builder. Avsetsin stated that this is a conditional code discovery and not a confirmed real-time exploit; existing checks can prevent the attack, and there are currently no reports of losses. The new rules treat deposits as sorted by withdrawal receipts, ensuring that validator deposits still belong to the validators.Glamsterdam has been running on the Sepolia testnet, but the launch on the Hoodi testnet has been delayed, with a new date to be determined before the mainnet launch.

According to Bitcoin.com News, Timothy Wadsworth, a man from Rochester, New York, was sentenced to 51 months in prison for conspiracy to commit wire fraud and money laundering, and was ordered to pay approximately $810,000 in restitution.The U.S. Department of Justice stated that between March and May 2020, Wadsworth initiated 310 unauthorized payments totaling approximately $1.6736 million using account information provided by accomplices through the payment service provider Stripe, of which 116 transactions were successful, amounting to approximately $730,700. He then transferred some of the funds to bank accounts under his control and purchased Bitcoin through Coinbase, which he then transferred to his accomplices.