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In brief IMF Managing Director Kristalina Georgieva said Monday in Bangkok that AI investment is keeping global growth near 3% despite an energy shock. Georgieva called AI a ‘slow-moving tsunami’ that will eventually touch about 40% of jobs worldwide and roughly 60% in advanced economies, with young workers hit first. The IMF will release its full World Economic Outlook on October 13, its first update to the 3% global growth forecast since July. Artificial intelligence spending is keeping the world economy growing at roughly 3% a year even as an energy shock drags on most countries, IMF Managing Director Kristalina…

In brief DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens, up 12% since August 12. Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated amount, hit record highs in the week ended October 9 and is approaching $10 after an IPO priced at $8. DFDV common stock traded near $4.41 on Monday, giving the company a market value of about $144 million against roughly $287 million worth of SOL. DeFi Development Corp, the Nasdaq-listed Solana piggy bank, added about 22,070 SOL—worth about $2,373,211—and…

In brief Evernorth began trading on Nasdaq under the ticker XRPN on Monday after closing its merger with SPAC Armada Acquisition Corp. II on October 9, holding about 473 million XRP and $300 million in gross cash. About 80.3% of Armada’s public shareholders redeemed their shares for roughly $10.58 each, pulling about $195 million out of the deal and leaving a thin float that sent the stock as high as $53 before the close. XRP fell from $2.37 when the deal was signed to a $1.43 reference price at closing, valuing Evernorth’s treasury at roughly $677 million versus the more…

In brief Ledger said every confirmed case in last week’s wallet-draining incident involves devices sold by Southeast Asian reseller CryptoBilis. The company said the number of affected devices is “limited,” that it is working with authorities, and that CryptoBilis has ceased all hardware wallet sales. Ledger told authorized resellers never to restock returned products, and urged buyers to avoid unauthorized sellers. Ledger said all confirmed cases in last week’s draining incident involve devices sold through reseller CryptoBilis, and that its own systems and direct sales channels remain unaffected, in a 72-hour update on Sunday.”The volume of impacted devices is limited,”…

In brief Bitmine acquired 12,532 ETH over the past week, bringing its holdings to 6,028,946 ETH, or 4.9% of Ethereum’s supply. Chairman Tom Lee said the firm needs about 100,000 more ETH to reach its 5% target, after which it will be “done stacking.” Lee predicted the largest crypto bull market ever, citing tokenization, a generational wealth transfer and supply held by treasury firms. Bitmine Immersion Technologies bought 12,532 ETH over the past week, worth about $31.9 million at the $2,544 price the company used to value its holdings and lifting its holdings to 6,028,946 ETH, the company said Monday.The…

Thailand has finalized rules allowing domestic Bitcoin and Ethereum ETFs while restricting retail access to competing overseas investment products.The Securities and Exchange Commission (SEC) announced on Oct. 8 that 11 regulatory notifications will take effect on Oct. 16, establishing a framework for cryptocurrency exchange-traded funds listed exclusively on the Stock Exchange of Thailand.Thailand’s move follows the success of spot Bitcoin and Ethereum ETFs in the United States, which have attracted about $70.37 billion in combined cumulative net inflows since their launches.According to SoSoValue data, the funds held about $121 billion in combined net assets as of Oct. 12, illustrating the…