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Business groups flag P180B in budget additions

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Service groups have actually prompted Congress to get rid of spending plan insertions doing not have technical reason from the proposed P7.2-trillion nationwide spending plan for 2027, cautioning that politically driven allotments might weaken public costs effectiveness, financier self-confidence and the shipment of vital facilities.

In a joint declaration dated Oct. 29, 35 company and civil society companies contacted congressional leaders to inspect changes to the proposed spending plan, bring back financing for foreign-assisted tasks and health programs, and guarantee complete openness in the legal spending plan procedure.

The groups stated the House-approved General Appropriations Bill (HB 10858), which passed its 3rd reading previously this month, included more than P180 billion in Department of Public Works and Highways (DPWH) allowances through modifications by the Budget Amendments and Review Subcommittee.

Mentioning independent spending plan guard dogs, the declaration stated the additions covered a minimum of 6,000 tasks, bringing the DPWH job count under the National Expenditure Program to a minimum of 16,000. Numerous were apparently noted as lump-sum allowances for multipurpose structures and gain access to and bypass roadways, without released job lists or called supporters.

The groups likewise raised issues over reported financing decreases of about P130 billion for foreign-assisted jobs, P9.5 billion for catastrophe funds, P1.76 billion for the EDSA Busway, and P4.9 billion for health programs made to accommodate the extra allowances.

They stated cuts to foreign-assisted jobs might postpone facilities financial investments created to lower logistics expenses and draw in financial investment, while decreases in disaster-response financing might leave susceptible neighborhoods exposed to threats.

The companies cautioned that the proposed budget plan should not duplicate supposed abnormalities related to insertions in the 2023 to 2025 spending plans, which they stated had actually been connected to ghost and substandard flood-control tasks.

Amongst their suggestions were needing technical research studies and recognition by carrying out firms for all jobs, releasing the information and supporters of every change before Senate votes, and getting rid of arrangements that permit firms to customize or change jobs after the budget plan is enacted.

They likewise got in touch with the bicameral conference committee to accept no brand-new spending plan products and to carry out totally livestreamed considerations.

The groups invited dedications by Senate President Sherwin Gatchalian and Senate Finance Committee Chairman Joseph Victor Ejercito to inspect your home variation line by line, in addition to House Speaker Faustino Dy III’s promise to keep an open spending plan procedure.

They worried that their appeal was not meant to postpone the passage of the 2027 budget plan, however to make sure that the procedure is enacted on time without unsupported allowances.

A transparent budget plan, they stated, would reinforce financier self-confidence, secure financial area and make sure that public funds are directed towards facilities, education and health services that the nation requires.

The signatories consist of the Cebu Chamber of Commerce and Industry, Cebu Business Club, Cebu Leads Foundation, Employers Confederation of the Philippines, Philippine Chamber of Commerce and Industry, Philippine Retailers Association, Management Association of the Philippines, Makati Business Club, Foundation for Economic Freedom and other company and civil society companies./ KOC

AI plan targets higher-value Philippine jobs

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THE Philippines’ $34.4-billion expert system (AI) facilities roadmap might assist the nation move into higher-value innovation services, produce more proficient tasks and enhance financial development, supplied that financial investments are matched by labor force reskilling and trustworthy power supply, a trade envoy stated.

Jose E.B. Antonio, ambassador-at-large and unique envoy for trade relations, stated the Philippines might construct on the infotech and service procedure management (IT-BPM) market’s change to end up being a designer of AI-enabled services, items and facilities instead of simply a user of the innovation.

The federal government released the Philippines AI+ Infrastructure Masterplan 2026– 2033 on Sept. 8, 2026, targeting a 30-fold boost in AI-oriented information center capability to 1.5 gigawatts (GW) by 2033 from about 50 megawatts (MW). Preliminary implementation is anticipated to reach approximately 400 MW by 2030.

The masterplan likewise requires reskilling 1.3 million IT-BPM employees and tasks more than 500,000 AI-related tasks and another 175,000 tasks connected to AI facilities tasks by 2033.

“AI must be dealt with as a partner to Filipino skill, not as an alternative for Filipino aspiration,” Antonio stated, highlighting the requirement to gear up employees with abilities to establish brand-new services and move into more complex functions.

He stated the IT-BPM sector had actually currently broadened beyond standard call center operations into engineering, animation, video game advancement, monetary analysis and health care info services, offering a structure for the nation’s next stage of technology-driven development.

The roadmap recognizes the Clark-Bataan passage as the main AI facilities center, with Batangas-Aurora as a tactical entrance. Subic and Calabarzon are designated supporting centers, while Cebu, Iloilo, Davao and Cagayan de Oro are determined as future local nodes.

The strategy matches more comprehensive efforts to bring in innovation financial investments, consisting of the Luzon Economic Corridor, a trilateral effort including the Philippines, the United States and Japan, and the proposed Pax Silica Industrial Hub in New Clark City, Tarlac.

Antonio stated competitiveness would depend on more than calculating capability, and would alsio need reputable energy, strong connection and a competent labor force.

The masterplan anticipates personal financiers to offer $21 billion, or 61 percent of the overall financial investment requirement, with the rest originating from public sources. It likewise forecasts that AI-driven performance gains and brand-new digital services might increase gdp by 10 percent to 12 percent by 2033.

The federal government intends to source 40 percent of the

electrical energy utilized by AI facilities from renewable resource by 2033, while gas is anticipated to assist fulfill instant power requirements. Atomic energy is likewise being analyzed as a longer-term choice.

Antonio stated connecting facilities financial investments with reskilling and more comprehensive access to chances would assist the nation establish a brand-new generation of Filipino AI specialists and enhance its position in the international innovation economy./ KOC

Toral: The growing cost of staying in business

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At a current Philippine Marketing Association conference, I saw the finalizing of a memorandum of comprehending supporting the execution and interaction of Republic Act 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act. It was a welcome effort, however it raised a concern: Are we making it simpler to begin an organization while ignoring just how much more difficult it is to keep one operating?

Business owners deal with overlapping pressures. Beyond drawing in clients, they should satisfy regulative requirements, handle increasing expenditures, and pay to gain access to markets. Each commitment might serve a legitimate function, however together they can threaten an organization’s practicality.

Think about a business owner making food. Registration, regional licenses, suitable Food and Drug Administration requirements, product packaging, labeling, and tax compliance can need considerable financial investment before the very first sale. These safeguards secure customers, yet they likewise take in capital and management time.

When running, organizations need to handle earnings, lease, energies, logistics, and stock. Fair worker settlement matters, especially as living expenses increase. Business owners should stabilize these costs versus clients who are progressively mindful with their costs.

Compliance is likewise repeating. Allow renewals, tax documents, reporting, and suitable online selling and information personal privacy requirements require time and cash. Federal government providers might have extra PhilGEPS documents requirements. In microenterprises, owners frequently deal with these jobs themselves, leaving less time for clients and organization advancement.

Another considerable problem is the expense of reaching purchasers.

Grocery stores and retail outlets might enforce listing charges, trade discount rates, refunds, advertising contributions, and payment terms. Online markets can include commissions, deal costs, marketing, affiliate expenses, and seller-funded promos or shipping aids. Depending upon the classification and plans, integrated reductions and seller-funded expenses can approach 30 percent or more of a sale. This does not suggest every market charges a 30 percent commission.

These channels supply access to clients and important facilities. The concern is whether they produce sufficient successful sales to validate their expenses.

Think about an organization with P3 million in yearly earnings and a 5 percent net earnings margin. Its earnings is P150,000. An extra P30,000 in yearly expenditures, simply one percent of income, would take in 20 percent of that revenue if the expense can not be recuperated.

That is why greater sales do not constantly suggest a much healthier company. Stock purchases, postponed collections, returns, and repeating commitments can strain capital even as profits boosts.

Big business can spread out administrative work throughout specialized groups. Small companies have less resources to take in set expenses and unanticipated modifications. The exact same requirement can for that reason have a much higher effect on a microenterprise.

Federal government efforts to streamline deals, consisting of digital services and Business One-Stop Shops, should have acknowledgment. Their efficiency must likewise be examined through the business owner’s experience. Just how much money and time does it require to end up being certified and stay certified? Which companies demand comparable info? Can procedures be combined, and are requirements proportional to service size and run the risk of?

Company associations and scientists can assist determine these concerns together with the business expenses of accessing consumers. Such proof can direct policy enhancements and more reasonable organization choices.

We have actually motivated Filipinos to end up being business owners, welcome digital tools, and get in brand-new markets. We ought to likewise ask the number of business endure, make sustainable revenues, offer work, and construct the capability to grow.

Making it simpler to begin a service is development. Making it possible for accountable organizations to withstand is worthy of equivalent attention.

Coinbase Lists $2.6B RLUSD Across XRP Ledger, Ethereum and Base

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Key Takeaways:

  • Coinbase has included RLUSD for Retail, Exchange and Prime.
  • Users can relocate the digital asset RLUSD on XRP Ledger, Ethereum and Base.
  • RLUSD stock has gained more than $2.6 billion in market capitalization.

Coinbase has added Ripple USD to its main retail and institutional platforms, giving RLUSD one of its biggest distribution upgrades since launch. Customers in supported areas may now trade, manage, deposit and withdraw the stablecoin on Coinbase Prime, Coinbase Exchange and the Coinbase app.

WNBA rlusd-coinbase

Coinbase Opens RLUSD Access Across Three Major Networks

When it launches, Coinbase will allow transfers between RLUSD, Ethereum and Base, which will give users multiple channels to transfer the stablecoin between their trading and onchain activity. In addition to that, coinbase customers can also swap for U.S. dollars at a 1:1 ratio to RLUSD.

The integration will provide Ripple with Coinbase retail customers and its institutional trading platform, custody and settlement capabilities.

Coinbase Global Exchange support will follow, and with it, will arrive the option to use RLUSD as a “collateral. Ripple will also make Base the platform where liquidity will be provided as a strategy to heighten trading and usage on Coinbase’s own 2.0 platform.

Read More: Coinbase Joins 4-Day Crackdown on West Africa Crypto Scams and Asset Freezes

WNBA coinbase

WNBA 970x90-cryptogames

Base Adds Another Route for RLUSD Liquidity

A key aspect of the rollout is base support, which helps RLUSD go past Ripple’s native XRP Ledger and Ethereum. Ripple is set to provide liquidity on Base, a measure the company says could help to boost the markets for RLUSD and utility on the stablecoin on-chain.

More attention is also placed on distribution, not emissions, as a result of the greater network coverage. Having access across exchanges, custody, multiple blockchains are as crucial as actual market capitalization in the current stablecoin market.

RLUSD Market Cap Jumps Above $2.6 Billion

RLUSD was initiated in December 2024 and has increased in pace in exchanges, payments and the institutional markets. CoinGecko reported a market capitalization of $2.61 billion on October 28, whereas Coinbase reports a market capitalization of ~$2.62 billion for its platform.

U.S. dollars comprise deposits with RLUSD and account for the securities that are U.S. treasuries or other cash-equivalent assets. The stablecoin is intended for application in regulated financial instruments, such as payment, settlement and institutional liquidity.

Read More: Ripple and Privy Bring XRP Wallets to XRPL After $1T Moved Across 8M Accounts

Coinbase Pushes RLUSD Into Institutional Crypto Infrastructure

Coinbase framed the addition as part of growing institutional demand for blockchain-based settlement.

Seven of the 10 biggest U.S. banks have already tested stablecoins or tokenized deposits for settlement, the exchange said, with the other three banks having said they are planning to do so.

RLUSD is now supporting institutions in addition to execution, settlement and custody services across the same Coinbase infrastructure.

The partnership brings the stablecoin into spot trading, prime brokerage, the derivatives market and DeFi, and provides clients with a new dollar-denominated option on an existing institutional platform, Ripple said.

Ripple’s Swell Blitz Continues: Coinbase Deal and $900M Revenue Run Rate Revealed

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After a busy Day 0, Ripple continued with massive announcements from its Swell 2026 conference.

The first day of the major conference in the US began with major partnerships and announcements involving the likes of Robinhood and BNY, as well as new treasury capabilities and final OCC approval for Ripple National Trust Bank.

The company behind XRP followed those developments with a major Coinbase integration and fresh figures showing how quickly its broader institutional business is expanding.

Coinbase and RLUSD

Ripple and the leading US exchange announced that RLUSD is now available across several of the latter’s platforms, including Coinbase Prime, the actual trading platform, and the firm’s retail app, substantially widening access to the stablecoin in the US.

Retail and institutional clients can convert US dollars and other supported dollar-denominated stablecoins into RLUSD on a 1:1 basis. Support for Coinbase Global Exchange customers is also expected to follow, including the ability to use RLUSD as collateral.

The integration spans the XRP Ledger, Base, and Ethereum, giving users several options for depositing and withdrawing Ripple’s asset. The Brad Garlinghouse-led company will also provide liquidity on Base to support RLUSD’s expansion there.

The stablecoin’s market cap has surpassed $2.6 billion, according to data from CoinMarketCap, after launching in late 2024. It has increasingly been used for payments, institutional markets, trading, and on-chain finance.

“Our partnership with Coinbase meets that demand head-on. It brings RLUSD to the largest institutional client base in the U.S. crypto market, across execution, settlement, and custody – all in one place,” commented Jack McDonald, SVP of Stablecoins at Ripple.

This agreement follows Ripple’s Day 0 announcements with Robinhood, where RLUSD was positioned for use across retail services, institutional settlement, and Bitstamp by Robinhood.

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Product Revenue Approaches $900M

The other major development highlighted during the first full day of the conference is that Ripple is on track to exit 2026 with an annualized product revenue run rate of almost $900 million. The company also reported that more than 1,700 institutions, corporations, and enterprises now use its infrastructure, while the number of customers has tripled this year.

Ripple explained that its products enabled more than $16 trillion in transactions during 2025, while Ripple Payments is approaching $150 billion in lifetime volume across more than 60 payout markets.

The firm attributed much of the recent expansion to customers increasingly using several of its products together rather than relying on a single service. Robinhood, BNY, DriveWealth, and Water.org were among the examples cited across payments, custody, stablecoins, prime brokerage, and treasury management.

How 3% DR hike will impact pension, family pension

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While announcing a dearness relief (DR) hike on Wednesday (October 28, 2026), Union Minister Ashwini Vaishnaw said that the increased payout of 3 percentage points that took the DR to 63% will benefit as many as 68 lakh pensioners.

When we talk about central government pensioners benefiting from the increased DR rate, they can be regular and family pensioners getting their pensions under the Old Pension Scheme (OPS) and Unified Pensioner Scheme (UPS). It also includes pensioners who have commuted their pension under the OPS.

In this write-up, we will show what a 3 percentage point DR increase means for all such pensioners.

Also Read: 8th Pay Commission salary calculator: What 7% increment rate means for employees with Rs 53,100, Rs 56,100 and Rs 67,700 basic pays

Impact of 3% DR hike on regular pension under OPS and UPS

Under the OPS, the pension amount is 50% of the last basic pay or the average emoluments of the last 10 months, whichever is higher. The minimum pension under the OPS is Rs 9,000, and the highest is Rs 1,25,000.

Under the UPS, the pension amount is 50% of the last 12-month average basic pay immediately before superannuation for 25 years of qualifying service. The pension amount is proportionate if the service is less than 25 years. The UPS offers a minimum assured pension of Rs 10,000 on completion of 10 years.

Both OPS and UPS pensioners receive DR on their basic pension. Have a look at how their basic pensions of Rs 10,000-Rs 50,000 will be impacted after a 3 percentage point DR increase.

Basic pension under OPS and UPS Pension at 60% DR Pension at 63% DR Monthly increase
₹ 10,000 ₹ 16,000 ₹ 16,300 ₹ 300
₹ 20,000 ₹ 32,000 ₹ 32,600 ₹ 600
₹ 30,000 ₹ 48,000 ₹ 48,900 ₹ 900
₹ 40,000 ₹ 64,000 ₹ 65,200 ₹ 1,200
₹ 50,000 ₹ 80,000 ₹ 81,500 ₹ 1,500

Impact of 3% DR hike on family pension under OPS and UPS

Under the OPS, the family of a deceased employee is eligible for family pension when the employee dies after completion of one year of continuous service.

The amount of family pension is 30% of last-drawn pay, subject to a minimum of Rs 9,000 and a maximum of Rs 75,000 per month.

Also Read: DA hiked by 3% to 63%: Know the impact of hike on salaries of Level 1-10 central government employees

It means if an eligible employee was getting a basic pay of Rs 80,000 at the time of death, the family pension will be approximately Rs 24,000.

Under the UPS, family pension is 60% of the employee’s admissible UPS payout.

If an employee’s basic pay at the time of death was Rs 80,000 and they had completed 25 years of service, the admissible pension payout would be approximately Rs 40,000. The family pension in that case will be 60% of Rs 40,000=Rs 24,000.

Impact of 3% DR hike on family pension (OPS)

Employee’s basic pay at death Basic family pension Pension at 60% DR Pension at 63% DR Monthly increase
₹ 50,000 ₹ 15,000 ₹ 24,000 ₹ 24,450 ₹ 450
₹ 60,000 ₹ 18,000 ₹ 28,800 ₹ 29,340 ₹ 540
₹ 70,000 ₹ 21,000 ₹ 33,600 ₹ 34,230 ₹ 630
₹ 80,000 ₹ 24,000 ₹ 38,400 ₹ 39,120 ₹ 720
₹ 90,000 ₹ 27,000 ₹ 43,200 ₹ 44,010 ₹ 810

Impact of 3% DR hike on family pension (UPS)

Employee’s addmissible UPS payout Basic family pension Pension at 60% DR Pension at 63% DR Monthly increase
₹ 20,000 ₹ 12,000 ₹ 19,200 ₹ 19,560 ₹ 360
₹ 30,000 ₹ 18,000 ₹ 28,800 ₹ 29,340 ₹ 540
₹ 40,000 ₹ 24,000 ₹ 38,400 ₹ 39,120 ₹ 720
₹ 50,000 ₹ 30,000 ₹ 48,000 ₹ 48,900 ₹ 900
₹ 60,000 ₹ 36,000 ₹ 57,600 ₹ 58,680 ₹ 1,080

Impact of 3% DR hike on commuted pension (OPS)

Under the OPS, a central government employee can commute up to 40% of their pension. After that, their monthly pension is reduced by the portion commuted.

Also Read: Gold taxation explained: How much tax you pay on selling gold jewellery, ETFs, fund of funds and SGBs

Dearness relief, however, is continuing to be calculated based on the original pension (i.e. without reduction of the commuted portion).

It means that if the regular pension was Rs 50,000, and after a 40% commutation, it will be reduced to Rs 30,000. However, the pensioner will get the DR on the Rs 50,000 basic pension, and not on the reduced amount.

Commuted pension Pension at 60% DR Pension at 63% DR Monthly increase
₹ 6,000 ₹ 12,000 ₹ 12,300 ₹ 300
₹ 12,000 ₹ 24,000 ₹ 24,600 ₹ 600
₹ 18,000 ₹ 36,000 ₹ 36,900 ₹ 900
₹ 24,000 ₹ 48,000 ₹ 49,200 ₹ 1,200
₹ 30,000 ₹ 60,000 ₹ 61,500 ₹ 1,500

These are illustrations, and the real increase in these respective pensions may differ slightly.

Bitcoin’s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch

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BCH has nosedived as well, while BTW is up by over 8%.

Although the US Federal Reserve’s decision to keep rates steady was in line with expectations, BTC’s price still experienced some major fluctuations, with the latest being a drop below $80,000.

The altcoins have dived in the Red Sea today, with almost all posting notable losses, led by BCH and NEAR. BTW, though, has defied the overall trend again.

BTC Slides to $80K

After last Wednesday’s rejection at $85,000, bitcoin went into a major correction on the lower timeframe, dumping to $83,000 within hours and to $81,000 by Thursday. The bearish sentiment prevailed in the following days again and culminated on Saturday with a price drop to $79,100 – BTC’s lowest level in five weeks.

Although the cryptocurrency tried to rebound by the end of the weekend, it couldn’t really move past $80,000 for long. It finally started to regain serious traction on Tuesday and Wednesday morning, when it surged to $81,700 ahead of the second-to-last FOMC meeting for the year.

The Federal Reserve’s decision came with little surprise for the markets, as the central bank maintained rates after hiking them in September. Fed Chair Warsh didn’t rule out another increase in December, and BTC’s price volatility ensued. The asset had dipped to $80,500 before the meeting, surged to $81,800 after it, but it was rejected and slumped to $79,600 hours later.

It has been unable to stage a notable comeback since then, and currently struggles at around $80,000. Its market cap is down to $1.61 trillion on CMC, while its dominance over the alts hangs at 60%.

business Cryptocurrency Market Overview October 29. Source: TradingView
BTC/USD October 29. Source: TradingView

Alts in Red

As it typically happens when BTC heads in one direction, the alts follow tightly. Ethereum is down to $2,320 after a 2.14% decline. XRP has dipped below $1.30 after a 3% decline. SOL is back at $100, while ZEC has tanked by more than 5% to $1,250.

HYPE, DOGE, LINK, and ADA are also well in the red. NEAR and BCH lead the adverse trend, with losses of around 8% each. CC, ENA, and MNT have dropped by up to 7%. BTW is the only major exception. The asset has rocketed by 8% and sits close to $1.90.

The total crypto market cap has dropped by 1.5% since yesterday, and it’s down to $2.680 trillion on CMC.

business Cryptocurrency Market Overview October 29. Source: QuantifyCrypto
Cryptocurrency Market Overview October 29. Source: QuantifyCrypto

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

With 13 new players, it’s another rebuilding season for Shaheen Holloway at Seton Hall

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By: Everett Merrill, The Associated Press
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Seton Hall (21-12, 10-10 Big East)

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Seton Hall (21-12, 10-10 Big East)

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Seton Hall (21-12, 10-10 Big East)

With a six-year contract extension worth a reported $24 million, Big East Coach of the Year Shaheen Holloway will attempt to rebuild and reload his team with 13 new players. This is the third straight season for a makeover. Holloway’s teams are built on defense, but the stars only stay one year in South Orange, using the Pirates as a steppingstone for larger NIL money at rival schools.

Players to watch

Guard Simeon Wilcher returns to New Jersey via Texas and St. John’s. Wilcher grew up in nearby Plainfield (N.J.) and was a sought-after recruit from state powerhouse Roselle Catholic. He was never more than a role player who never averaged double figures with Texas and St. John’s but figures to step into a starting role in a depleted Seton Hall backcourt. … Elijah Fisher, who started all 33 games at forward for the Pirates last season, won a court order to pursue a fifth year of eligibility. … Devin Williams, one of the new players Holloway brought in, blocked 2.85 shots at Florida Atlantic, good enough for fifth in the country last season.

Departures and arrivals

The exodus was significant. After just one season with the Pirates, second team All-Big East guard Budd Clark and impressive freshman fifth man Najai Hines left for Ole Miss and UConn, respectively. … Del Jones, who was fifth in the Big South in scoring at Radford last season, is in the mix to replace Clark at point guard. … Dartmouth transfer Kareem Thomas, a career 43.8% 3-point shooter and Rodney Brown Jr., who is with his fourth school in as many years, will bring much-needed perimeter shooting.

Top games

The Pirates play nonconference games against Alabama (Nov. 13), Wisconsin (Nov. 19) and Kansas State (Dec. 4) before their rivalry game at Rutgers (Dec. 12). They open Big East play at Georgetown on Dec. 19 before hosting No. 4 UConn at the Prudential Center on Dec. 23. Former Pirates coach Kevin Willard brings Villanova in on Feb. 10.

Facts and figures

Seton Hall returns just 7.5% of its minutes from 2025-26. … Holloway’s team allowed just 65.3 points per game last season, which was second to St. John’s in the conference and 11th in the country. … They were also one of the worst 3-point shooting teams, connecting for 30.5 percent from beyond the arc. … The Pirates declined a postseason invitation after failing to get an NCAA bid despite a 20-plus win season. … Seton Hall was picked to finish ninth in the conference by a preseason coaches’ poll.

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Xavier rebuilds under Richard Pitino, with new pieces fueling Big East hopes

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By: The Associated Press
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Xavier (15-18, 6-14 Big East)

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Xavier (15-18, 6-14 Big East)

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Xavier (15-18, 6-14 Big East)

It was a rough first season for Richard Pitino, who had to rebuild the entire roster after arriving from New Mexico. The Musketeers had a lot of roster turnover again, but were able to add some quality pieces with an increased budget. The new players and another year of Pitino’s system offer some hope of possibly finishing in the top half of the Big East after being tied for 10th last season.

Players to watch


latest updates FILE - Xavier head coach Richard Pitino looks on during the first half of an NCAA college basketball game, March 11, 2026, in New York. (AP Photo/Frank Franklin II, File)

FILE – Xavier head coach Richard Pitino looks on during the first half of an NCAA college basketball game, March 11, 2026, in New York. (AP Photo/Frank Franklin II, File)

Senior Tru Washington was reunited with Pitino after playing at Miami last season. The point guard can not only run Pitino’s system, he excels on defense.

Senior forward Filip Borovićanin is hoping to return for another season after Ohio Gov. Mike DeWine signed an executive order making all class of 2022 athletes eligible despite NCAA rules. He averaged 16.3 points over the last six games.

Junior forward Jovan Milicevic was second on the Musketeers in scoring, averaging 12.4 points and making 43% of his 3-pointers.

Departures and arrivals

Tre Carroll, a Big East first-team selection, Malik Moore and Roddie Anderson graduated. … Senior guard Chance Westry led the American in assists last season at UAB, averaging 5.5 per game. Senior guard Ruben Dominguez averaged 10.2 points last season at Texas A&M and shot 40% on 3-poitners. Senior center Michael Nwoko is at his fourth school in four years, but excelled at LSU last season, averaging 13.4 points and 5.9 rebounds.

Top games

The non-conference schedule features the annual Crosstown Shootout against Cincinnati on Dec. 5 as well as a home game against Iowa on Nov. 20. There are also neutral court games against Mississippi State (Nov. 13), Texas A&M (Nov. 25) and Virginia (Nov. 27). The Pitino vs. Pitino games vs. St. John’s will be Jan. 26 in Cincinnati and Feb. 13 at Madison Square Garden. The elder Pitino took both games last season.

Facts and figures

The Musketeers were picked to finish sixth in the Big East preseason poll .Milicevic and Nwoko were preseason third-team selections. … Xavier set a school record with 309 3-pointers and 846 3-point attempts. It made at least 10 3-point field goals in 16 games, including 16 three times. … The Musketeers led the conference and were 13th in the nation in assist-to-turnover ratio at 1.74.

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No. 4 UConn reloads behind Braylon Mullins, Silas Demary Jr. and plenty of talented newcomers

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By: Jim Fuller, The Associated Press
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No. 4 UConn (34-6, 17-3 Big East)

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No. 4 UConn (34-6, 17-3 Big East)

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No. 4 UConn (34-6, 17-3 Big East)

UConn made it to the NCAA Tournament championship game for the third time in four seasons before falling to Michigan. Tarris Reed Jr. and Alex Karaban were taken in the first round of the NBA Draft. With Solo Ball expected to miss the entire 2026-27 season after undergoing wrist surgery, the Huskies will be without their top three scorers. Returning starters Braylon Mullins and Silas Demary Jr. will be joined by a strong group of transfers and a talented group of freshmen.

There are a lot of moving parts for Dan Hurley and his staff to deal with, but there’s more than enough talent for the Huskies to challenge for the Big East title and make more noise in the NCAAs.


public interest news FILE - UConn guard Silas Demary Jr. moves the ball up court against Illinois during the second half of an NCAA college basketball tournament semifinal game at the Final Four, Saturday, April 4, 2026, in Indianapolis. (AP Photo/Abbie Parr, File)

FILE – UConn guard Silas Demary Jr. moves the ball up court against Illinois during the second half of an NCAA college basketball tournament semifinal game at the Final Four, Saturday, April 4, 2026, in Indianapolis. (AP Photo/Abbie Parr, File)

Players to watch

Mullins, who might have been a late lottery pick in the NBA draft, is back. He teams with Big East preseason Player of the Year Demary to give the Huskies one of nation’s best backcourts. Transfers Na’jai Hines and Nik Khamenia come in from Seton Hall and Duke, respectively, and will be asked to replace some of the production. Colben Landrew could follow in the footsteps of Stephon Castle, Liam McNeeley and Mullins as recent freshmen who stepped in immediately for the Huskies.

Departures and arrivals

Only three of the nine UConn players to average more than 10 minutes per game are back this season, with Jayden Ross returning along with Demary and Mullins. … Jaylin Stewart, who started 24 games over the previous two seasons, is now at SMU and Eric Reibe transferred to USC. … Khamenia, Hines, Oskar Giltay and Nils Machowski are key incoming transfers. Junior County is a freshman expected to play significant minutes.

Top games

UConn plays the other three 2026 Final Four teams and seven teams ranked in the preseason AP Top 25 poll. It starts with a national championship rematch against No. 16 Michigan in Boston. … In a four-game stretch, the Huskies play at No. 5 Arizona, face No. 2 Duke in Las Vegas and face third-ranked Illinois at the United Center in Chicago. … The top on-campus game during non-conference play will come on Dec. 12 against No. 17 Kansas and eight days later, the Huskies face No. 9 Virginia at Madison Square Garden. UConn meets No. 13 St. John’s on Jan. 29 at MSG and March 2 in Hartford.

Facts and figures

UConn returns just 41% of its scoring, 26% of its rebounding and 34% of its minutes played … UConn was picked to finish first in the Big East preseason poll. … UConn saw assistant coach Luke Murray leave to take the Boston College head coaching job. …For the first time in Dan Hurley’s ninth season at UConn, the Huskies won’t have a New England native on the roster.

Villanova looking for more NCAA Tournament success under 2nd-year coach Kevin Willard

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The Wildcats ushered in a return to respectability last season under coach Kevin Willard, who returned Villanova to the NCAA Tournament after a three-year absence following the sudden retirement of Hall of Fame coach Jay Wright. The Wildcats lost consecutive games to end the season, in the Big East Tournament and in the first round of the NCAA Tournament to Utah State. Like so many coaches in this era, Willard completely revamped his roster and is trying to get the Wildcats to take the next step on conference contention and with deep runs in March.

Players to watch


information hub FILE - Villanova head coach Kevin Willard reacts from the sideline during an NCAA college basketball game, March 20, 2026, in San Diego. (AP Photo/Mark J. Terrill, File)

FILE – Villanova head coach Kevin Willard reacts from the sideline during an NCAA college basketball game, March 20, 2026, in San Diego. (AP Photo/Mark J. Terrill, File)

Look for the Italian Wemby: The Wildcats hope 7-foot-3 Italian center Luigi Suigo will have an elite season in what is expected to be his only season in the program. The 19-year-old is a projected lottery pick and played last season for Mega Basket in Serbia’s Adriatic League, where he averaged 18.3 minutes, 7.9 points and 5.1 rebounds in 26 games. … Guard Tyler Perkins is back after he earned Big East most improved player honors last season. He averaged 13.7 points and 5.4 rebounds while starting all 33 games.

Departures and arrivals

It’s nothing but departures and arrivals anymore in college basketball. The Wildcats lost: Duke Brennan, Bryce Lindsay, Acaden Lewis, Devin Askew, Malachi Palmer, Chris Jeffrey, Tafara Gapare, Zion Stanford, Braden Pierce and Malcolm Flaggs. … Suigo highlights the newcomers. … Arrivals include Devin Royal, a senior transfer from Ohio State who averaged 13.7 points and 5.7 rebounds; Jake Fiegen, a 6-4 graduate transfer from Cornell who averaged 17.1 points and 5.1 rebounds; and Elijah Crawford, a junior transfer from Illinois-Chicago who averaged 14.1 points and 4.9 assists. He played his first season at BYU.

Top games

The Villanova and Notre Dame men’s and women’s teams will meet Sunday in a doubleheader in Rome that will mark the start of the college basketball season. The event has been dubbed the Eternal City Tip-Off and there will be a Vatican component: Villanova alumnus Pope Leo XIV is scheduled to hold an audience with players and traveling fans. The Wildcats host Michigan on Nov 21 at the city’s NBA arena where the 76ers play. Villanova has a Black Friday game at Kansas in Allen Fieldhouse. The Wildcats are set to play one of the other Division I city teams in the final Big 5 Class. Villanova said it was exiting the famed city series at the end of this season.

Facts and figures

Perkins was named to the Jerry West Award watchlist. The award celebrates the top shooting guard in Division I college basketball. He was also named first team All-Big East. … The Wildcats lost 10 of their top 11 scorers, including four starters, and nearly 5,000 minutes played from last season’s lineup. … Villanova was picked in the Big East preseason poll. … The Wildcats have not won an NCAA Tournament game since Wright led them to the 2022 Final Four.

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RFK Jr. Eases Access to Unproven Peptides Despite Opposition From FDA Scientists

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A photo of Robert F. Kennedy Jr. and Trump.

A photo of Robert F. Kennedy Jr. and Trump.
(AP Photo/Chris O’Meara)


The Trump administration on Wednesday acted to ease access to unproven peptide drugs favored by Health Secretary Robert F. Kennedy Jr., and FDA scientific staffers had little input on the decision and opposed the changes, according to six people familiar with its development.

The new policy posted online by Kennedy’s Department of Health and Human Services (HHS) covers a handful of injectable peptides promoted within the wellness industry for uses such as building muscle, healing injuries, and boosting energy.

The policy, spearheaded by HHS, faced overwhelming pushback among FDA drug staffers who warned it could undermine the agency’s long-standing mission of keeping unproven health products off the U.S. market, according to the people familiar with its development.

The people spoke to the Associated Press on the condition of anonymity to discuss confidential government deliberations.

The policy directs the FDA not to take action against specialty pharmacies that sell a half-dozen wellness peptides, including BPC-157, TB-500, and KPV.

Under FDA rules, those chemicals would otherwise be considered illegal drugs because they have not gone through the agency’s rigorous review process for safety and effectiveness.

According to the newly posted document, Kennedy determined the change “advances patient choice and freedom” while protecting people in the U.S. from peptides sold online that are often made from unscreened ingredients.

Kennedy has called himself a “big fan” of peptides and previously described using BPC-157 to treat a muscle injury.

Lee Rosebush of the American Academy of Peptide Medicine said in an online post that HHS had taken “a huge step for patient and provider medical freedom.”

The peptide business has caught the attention of major telehealth providers, including Hims & Hers, which recently announced plans to offer wellness peptides once the government changed its policy. Wall Street analysts estimate the market could be worth more than $2 billion.

Wellness Peptides Are Not FDA Approved

Some peptides occur naturally in the human body, where they trigger hormones needed for growth, metabolism, and healing. Drug companies have brought several to market as medications, including mainstay treatments for diabetes and weight loss such as semaglutide (Ozempic, Wegovy) and tirzepatide (Mounjaro, Zepbound).

The chemicals subject to the new policy have not been approved as safe and effective by the FDA. Still, they are promoted for a range of medical uses, including for inflammatory conditions such as ulcerative colitis, wound healing, obesity, osteoporosis, opioid withdrawal, insomnia and narcolepsy, cerebral ischemia, migraine, and trigeminal neuralgia.

Peter Lurie, MD, MPH, a former FDA official, noted that the FDA has approved rigorously tested drugs for all of those conditions.

As people “are diverted from those drugs toward this stuff, there will be more unnecessary pain and suffering,” said Lurie, who now leads the nonprofit Center for Science in the Public Interest.

He also questioned the timing of the change, days before the midterm election.

“This is a wink and nod to the MAHA faithful in the hope that they’ll show up at the polls,” said Lurie, referring to Kennedy’s “Make America Healthy Again” movement.

RFK Jr. and His MAHA Followers Support Peptides

A spokesperson for HHS said the agency is “confronting the risks of black-market peptides” by giving Americans “a more controlled alternative through licensed U.S. compounders.”

It is the latest example of Kennedy reshaping U.S. health policy in the MAHA mold. Some of the biggest figures in that movement sell peptide injections and supplements.

The decision is a stark break from FDA efforts to limit the availability of unproven wellness products — including peptides, stem cell therapies, and dietary supplements — that make unsupported medical claims. But that approach put the agency at odds with Kennedy, who has publicly endorsed the benefits of all of those products.

The policy published Wednesday is a step back from HHS’ original plan, according to two of the people who discussed its development.

HHS officials initially wanted the FDA to draft an official regulation that would add BPC-157 and other peptides to a list of drug substances deemed safe for use by compounding pharmacies, specialty businesses that make customized medications.

FDA officials warned that the agency’s scientific staffers had major safety concerns and would not support a regulation deeming them safe. HHS officials moved to a different approach that directs the FDA not to enforce its rules against pharmacies that compound the substances.

FDA staffers ultimately provided technical assistance in drafting the HHS plan, including guardrails intended to improve safety, such as requiring pharmacies to use peptide ingredients from FDA-registered factories. Additionally, compounders are directed to collect information on side effects for safety analysis and verify the purity of peptides they use.

Lurie pointed out that the FDA, under federal law, does not have the authority to enforce those pharmacy requirements.

Decisions Over Compounding Have Long Rested With the FDA, Not HHS

Decisions about regulating peptides and compounding pharmacies have almost always come from the FDA, which has an office dedicated to protecting U.S. consumers from unsafe or poor-quality compounded drugs.

The issue of compounding safety became a greater focus for the FDA after a deadly outbreak of fungal meningitis in 2012 was linked to contaminated injections from a Massachusetts compounding pharmacy. Once a niche business, compounding has grown into a multibillion-dollar industry, providing customized medications to doctors, clinics, and hospitals.

It’s extremely rare for HHS to take the lead in drafting policies over the compounding industry, former FDA officials said. But federal law technically gives HHS authority over drug regulations, which are then delegated to the FDA.

FDA Has Warned Americans About Safety Risks of Unproven Peptides

Many in the U.S. who are using peptides today do not deal with a doctor or a pharmacy to get the injections, but often order vials online sold by chemical manufacturers based in China. Peptide sellers often try to skirt U.S. regulations by labeling their products as “for research use only” because the FDA does not regulate research chemicals.

In 2023, the FDA added more than a dozen peptides, including BPC-157 and TB-500, to its list of substances that should not be compounded due to risks of allergic reactions, kidney damage, and tumor growth.

At a meeting in July, FDA staffers reiterated that more than half a dozen peptides brought forward for reconsideration remained unproven in terms of safety and effectiveness.

But a panel of outside experts voted to drop restrictions on the six peptides named in Wednesday’s documents. The panel — selected by Kennedy’s HHS — included several doctors, pharmacists, and consultants who work in the peptide field.

Injections for Achilles Tendinopathy Flop in Randomized Trial

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A photo of a male physician using an ultrasound to guide an achilles injection.

A photo of a male physician using an ultrasound to guide an achilles injection.



Key Takeaways

  • Achilles tendinopathy is commonly treated with injections containing saline, local anesthetics, and/or corticosteroids, but like many orthopedic procedures, this treatment became popular without rigorous evidence.
  • This three-arm trial randomized patients to receive saline injections with bupivacaine with or without hydrocortisone, or to a sham treatment with saline and bupivacaine delivered to a site not expected to affect tendon pain or swelling.
  • Improvement relative to sham was seen in the arm receiving hydrocortisone plus bupivacaine after 6 weeks, but this advantage disappeared by week 12; no significant difference between arms was seen at 12 months.

High-volume injections to relieve pain and disability for patients with Achilles tendinopathy failed to demonstrate significant benefit versus sham injections in a randomized trial.

With 192 patients assigned to three arms (all including saline) — bupivacaine plus hydrocortisone, bupivacaine alone, or bupivacaine delivered to a site not expected to yield any benefit — levels of improvement were similar across all three after 12 months, according to Peter Malliaras, PhD, of Monash University in Melbourne, Australia, and colleagues.

The bupivacaine-steroid combination did provide significantly greater relief at 6 weeks compared with the other two arms, but this advantage vanished by week 12, and pain and disability actually appeared worse with the combination at week 26, the group reported in The BMJ. Including the steroid did, however, reduce overall healthcare costs.

Meanwhile, no differences between sham and bupivacaine alone were noted at any time.

“Although high-volume injections with corticosteroid showed short-term clinical benefit and potential reduction in healthcare costs over a year, they were associated with worse longer-term clinical outcomes,” Malliaras and colleagues concluded. “The clinical data do not support routine use for midportion Achilles tendinopathy.”

In an accompanying editorial, a sports medicine expert at the University of Sydney commented that the short-term benefit with hydrocortisone may be real, but patients need to know that it’s only temporary and comes with a significant cost.

“Corticosteroids for tendinopathy appear to be borrowing from the future to finance the present,” wrote John W. Orchard, MBBS, MD, PhD, who also serves as chief medical officer for Australian cricket associations. “Individual circumstances should dictate how important the present and near future are compared with the medium to long term.”

“The short-term improvement is impressive, but the benefits are a loan not a gift,” he continued. “All clinicians recommending or performing corticosteroid injections for tendinopathy need to understand this trade-off and make every effort to explain the broader overview to the patient as part of the informed consent process.”

As with many orthopedic procedures, injections of saline, analgesics, and/or steroids grew popular for treating tendon injuries without rigorous supporting evidence. Inclusion of steroids, though, has become more controversial with accumulating reports of longer-term adverse effects when used for tennis elbow. Orchard explained that a “workaround” developed for Achilles tendinopathy is to use a lot of saline, like 50 mL per treatment. But trials conducted in recent years yielded mixed results and no clear evidence of efficacy relative to placebo.

For their trial, Malliaras and colleagues enrolled adults with gradual-onset, midportion Achilles tendinopathy from activities such as running, confirmed with ultrasound and with pain lasting at least 3 months. Severity was assessed with the Victorian Institute of Sport Assessment-Achilles (VISA-A) instrument, which evaluates pain and disability on a 100-point scale (lower values = worse severity). At baseline, patients averaged about 50 on this scale in all three arms:

  • Bupivacaine alone: 10 mL 0.5% bupivacaine and 40 mL saline
  • Bupivacaine plus steroid: the same plus 25-mg hydrocortisone
  • Sham: 2-3 mL 0.5% bupivacaine

Active injections were placed at the junction of the Achilles tendon and Kager’s fat pad. Sham injections, meanwhile, were delivered at least 10 mm anterior to the junction, where no therapeutic effect is expected; it still produces “a numbing effect,” the researchers explained, so as to maintain patients’ blinding. For the same reason, a sleeve was placed over the Achilles region so that participants getting the high-volume injections couldn’t see the temporary resulting bulge.

Mean patient age was about 50, and just under half were women. Roughly one-third had obesity, but other metabolic comorbidities were much less frequent.

Changes in VISA-A scores at week 52, on an intention-to-treat basis, were the primary outcome measure. These averaged about 25-30 points in all three arms, and the differences at week 52 did not reach statistical significance. Scores at week 52 were not collected for eleven participants, but per-protocol analyses yielded similar results.

The one point in the study where significant differences were seen was at week 6, when patients in the steroid-included arm showed more VISA-A improvement than in the other arms, by roughly 10 points. But by week 26, the difference turned negative — numerically with respect to sham and significantly compared with active bupivacaine alone. This latter gap shrank slightly through the final 6 months and became statistically insignificant.

Malliaras and colleagues also looked at healthcare costs during the year-long study period. This analysis did favor the bupivacaine-steroid treatment over sham, with more than 90% certainty that the active regimen was cost-effective at willingness-to-pay thresholds of AUS$50,000 to $100,000 (approx. US$35,000 to $70,000).

Other secondary outcomes showed minimal differences, at most, among the three treatments. Adverse effects were generally mild, infrequent, and didn’t differ substantially between arms. The most common was aggravated Achilles pain, which occurred in 28% of the sham arm, 16% of those receiving bupivacaine alone, and 25% of those given bupivacaine and hydrocortisone. Six serious adverse events were recorded, but all seemed unrelated to Achilles tendinopathy (five surgeries for other conditions and one transient ischemic attack).

Some limitations to the trial applied. Participants were recruited on social media and therefore may not be representative of the ordinary clinical population. The trial took place in part during the COVID-19 pandemic, which required some adjustments to the protocol that limited in-person attendance. Also, efforts to maintain blinding may not have fully succeeded.

She Trained to Be a Ballerina in Brazil. At 30, She’s the World’s Youngest Self-Made Female Billionaire

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Luana Lopes Lara, the co-founder and COO of prediction-market platform Kalshi, now has a reported net worth of $2.6 billion after the company’s Series F round valued it at $22 billion. Lara grew up in Brazil training as a competitive ballerina before pivoting to computer science and finance, and she still puts in 12 to 14 hour days with rare time off.

Key Takeaways

  • Kalshi COO and co-founder Luana Lopes Lara, 30, holds a reported $2.6 billion net worth, making her the world’s youngest self-made female billionaire.
  • Kalshi’s $1 billion Series F in May 2026 valued the prediction-market platform at $22 billion, and Lopes Lara reportedly owns roughly 12%.
  • With Kalshi controlling about 95% of the US prediction-market share, Bloomberg reports a new round near a $40 billion valuation ahead of a planned IPO.

Luana Lopes Lara grew up in Brazil training as a competitive ballerina, then rerouted into computer science and finance. Now the Kalshi cofounder and COO, she has a reported net worth of $2.6 billion as of Fortune’s 10/21/2026 report, making her the world’s youngest self-made female billionaire. The money has not rewritten her schedule: she still logs 12 to 14 hour days and rarely takes a day off, joking that “maybe I’ll get a fancier lunch.” Kalshi’s rise also rests on a regulatory case it has been building for years, after beginning work with the Commodity Futures Trading Commission in 2019 and securing federal approval in 2020.

The prediction-market boom has minted plenty of winners, but few stories have the clean arc of Luana Lopes Lara. In an October 21, 2026 Fortune report, the 30-year-old co-founder and COO of Kalshi is pegged at a $2.6 billion net worth, a milestone that sits at the intersection of venture math, federal regulation, and a founder who still treats the workday like rehearsal.

From ballet dreams to billion-dollar markets

Lopes Lara was born on May 20, 1996, and grew up in Brazil training as a competitive ballerina, including time at a prestigious ballet school, before pivoting toward computer science and finance. That early discipline shows up in how people around Kalshi describe her pace: she reportedly works 12 to 14 hour days and rarely takes a day off.

For readers used to founders who celebrate with a new car or a beach week, her own framing is almost stubbornly small. Becoming a billionaire, she suggested, might mean “maybe I’ll get a fancier lunch.”

Building Kalshi meant taking Washington seriously

Kalshi’s core pitch is simple to say and hard to do at scale: turn real-world outcomes into regulated markets. Lopes Lara and co-founder Tarek Mansour started working with the Commodity Futures Trading Commission (CFTC) in 2019, then secured federal approval in 2020, a timeline that matters because critics often try to lump prediction markets into unlicensed gambling.

Her rebuttal is blunt, and rooted in the calendar: “If we wanted to skirt regulation, taking four years to work on getting regulated sounds like the stupidest decision,” she said.

The Series F that made the math undeniable

Kalshi’s valuation surge this year has been the kind venture investors dream about and founders quietly dread, because it raises expectations overnight. On May 8, 2026, the company raised $1 billion in a Series F led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest, valuing Kalshi at $22 billion, per this $1 billion Series F coverage.

Ownership still ties her directly to the outcome. Earlier reporting has estimated that Lopes Lara and Mansour each hold roughly a 12% stake in Kalshi.

Scale, market share, and what comes next

By July 2026, Kalshi’s annualized revenue hit $4 billion, boosted largely by World Cup-related trading, and Sequoia Capital said the company held roughly 95% of the US prediction-market share. That kind of dominance has a way of pulling forward the next milestone.

On September 30, 2026, Bloomberg reported Kalshi was finalizing a new funding round at around a $40 billion valuation ahead of a planned IPO, a sign that the lunch might get fancier, whether Lopes Lara asks for it or not.

Earth’s ice ages may have been driven by a hidden ocean chain reaction

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Scientists at the University of St Andrews have identified a previously unknown process that may help explain how Earth entered past ice ages. Their findings reveal a surprising connection between ice sheets in the Northern Hemisphere and ocean changes near Antarctica, suggesting that cooling in one part of the world could trigger a chain reaction affecting the entire planet.

The study, published in the Journal of Climate, offers a possible explanation for how growing northern ice sheets influenced ocean circulation and sea ice in the Southern Hemisphere. These southern changes are known to help reduce atmospheric carbon dioxide (CO2), an important factor in the development of ice ages. Until now, scientists have struggled to explain how processes occurring at opposite ends of the planet could be so closely connected.

One of the main forces behind Earth’s past ice ages was a reduction in atmospheric CO2 as more carbon became stored in the oceans. Much of this process was controlled by changes in the Southern Ocean surrounding Antarctica. However, a major question remained unanswered: How could expanding ice sheets in the Northern Hemisphere, initially driven by natural variations in Earth’s orbit, cause the distant Southern Ocean to absorb more CO2?

How Northern Ice Sheets Could Trigger Changes Near Antarctica

The researchers propose that the answer lies in the movement of ocean water between the hemispheres. As large ice sheets spread across northern regions, they cool nearby waters in the North Atlantic. Over time, these colder waters circulate southward, eventually reaching the Southern Ocean.

If the cooling is sufficiently strong, it could alter ocean circulation around Antarctica in ways that allow more CO2 to be stored beneath the ocean’s surface. As atmospheric CO2 declines, the planet cools further, potentially helping intensify an ice age.

To investigate this possibility, the team used computer simulations of ocean circulation. Rather than lowering temperatures across the entire planet, they cooled only the northernmost latitudes (mimicking the effect of a large ice sheet) and examined how the Southern Ocean responded.

The results were striking. Cooling the far northern regions alone produced 74% as much CO2 drawdown as a separate simulation in which the entire planet was cooled. This suggests that temperature changes in the Northern Hemisphere could have a powerful influence on the Southern Ocean and its ability to store carbon.

A Missing Link in Earth’s Ice Age Mystery

The simulations provide strong support for the proposed connection between expanding northern ice sheets and changes in the Southern Ocean. They suggest that colder water originating in the North Atlantic could eventually influence circulation around Antarctica, helping remove CO2 from the atmosphere and contributing to the global cooling associated with past ice ages.

For decades, much of the research into ice age climate changes has concentrated on the Southern Ocean because of its important role in controlling atmospheric carbon dioxide. Only more recently have scientists begun to recognize how changes in distant ocean regions might influence these processes.

Lead author Dr. Madison Shankle, from the University of St Andrews School of Earth and Environmental Science, explained the importance of the findings:

“Essentially, we’ve produced evidence of a plausible mechanism connecting these two far-flung puzzles pieces – Northern Hemisphere ice sheets and Southern Hemisphere ocean circulation changes leading to CO2 drawdown – which has been a tricky thing to explain in our theory of Earth’s past ice ages. Our study takes the step of actually demonstrating them working in model simulations, which is a big step forward for this field.”

What Ancient Ice Ages Reveal About Today’s Climate

Understanding how past ice ages developed offers scientists a valuable way to study Earth’s natural carbon cycle. These periods reveal how carbon dioxide moves between the atmosphere and oceans, and how changes in that balance can influence global temperatures.

By identifying another mechanism that may have helped reduce atmospheric CO2 during ancient ice ages, researchers can develop a more complete picture of how Earth’s climate system operates.

That knowledge is especially important today, as scientists work to understand how the planet’s oceans and other natural systems will respond to the additional carbon dioxide now entering the Earth system.

Visa Stablecoin Settlement Volume Surpasses $25 Billion Annually

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Visa stablecoin settlement volume has already gone beyond $25 billion annually, showing ten times more compared to the figures from one year ago. The figure was mentioned by the firm’s CEO Ryan McInerney during the firm’s quarterly call on Tuesday.

Currently, Visa supports five different stablecoins across 10 blockchains, providing more choices to finance and payment organizations when transferring funds. The extension may raise the question of which stablecoins will be favored as Visa becomes stronger in the digital payments industry.

Visa Stablecoin Settlement Volume Grows Across Multiple Networks

The increase in the number of stablecoin settlements via the Visa payment platform is attributed to an increase in the use of cryptocurrencies in making payments. According to McInerney, the Visa network currently handles five stablecoins, namely USDC, USDG, EURC, PYUSD, and SBC, which is a dollar-stablecoin from Brale.

Furthermore, Visa also provides settlement via 10 blockchain platforms, which represents a doubling in the number of blockchain platforms compared to one year ago.

Nonetheless, the $25 billion refers to the annualized run rate rather than the transaction volume in the past 12 months. This is because it provides an estimate of what the recent trend could amount to if it continued for the whole year. Visa did not make any link between the figure and its anticipated fiscal 2027 revenue growth, which is expected to be in the low double digits.

table tennis Visa Fourth Quarter 2026 Financial Result
Source: fortune.com

However, the increase shows that the adoption of stablecoins is increasing, and they are no longer just being used as cryptocurrencies but also as financial instruments that can facilitate movement of funds between enterprises.

Also Read | Sei Advances Multi-Proposer Upgrade as SEI Price Signals a Potential Reversal

Visa Says It Remains Neutral on Stablecoins

According to Visa, the company is impartial when it comes to selecting a stablecoin despite stiff competition among the stablecoins for space on the Visa payment platform.

McInerney stated that Visa is indifferent when it comes to stablecoins and blockchains. The company is trying to be open to various networks rather than being dependent on any particular issuer or blockchain.

Visa provides support for stablecoins issued by various organizations, such as USDC by Circle, PayPal USD (PYUSD), USDG, SBC, and EURC.

Such an initiative offers banks several payment alternatives without Visa, depending on the particular coin.

Nevertheless, Visa’s participation in the development of OUSD introduces one more element into the competition.

Open USD Adds Another Stablecoin to Visa’s Strategy

Visa is one of the members of the Open USD consortium, backing its OUSD stablecoin that is associated with the Flex Credential payment method. By October 15, OUSD reached an overall supply level of over $800 million.

According to Visa’s CEO Ryan McInerney, Visa intends to further develop the use of OUSD in its other payment products, such as Visa Direct, the company’s instant money transfer service.

Even though Visa claims that it is neutral to stablecoins, its involvement with OUSD creates concerns about balancing its initiatives with other coins.

The issuers of stablecoins may leverage Visa’s network; however, the success of their competition depends on various factors.

Visa Expands Stablecoin Cards and Payment Services

Visa now powers over 225 card programs that use stablecoins, representing an increase of over 70% year-on-year. Visa Stablecoin Settlement activity continues to expand, with transactions through about five million cards growing by over 150% across more than 50 countries.

The company has rolled out its Stablecoin Platform in six countries, including the United States, Mexico, and the UK, with more than 300 potential partners already in the pipeline. This expansion supports Visa Stablecoin Settlement across more payment markets.

These products integrate stablecoins into everyday transactions and settlements. The future growth of Visa Stablecoin Settlement may depend on institutional demand and how payment networks adopt blockchain-based solutions.

Lloyds Tests Stablecoin Settlement With Visa

In a one-week pilot, Lloyds completed $750,000 worth of payments to Visa with the help of stablecoins. The payment process was completed within one hour, even on weekends.

The pilot proved the usefulness of stablecoins for faster payments using both public and private blockchains. The adoption of such payments will, however, be dependent on regulatory approval, liquidity, and technical feasibility.

What Visa’s Stablecoin Growth Means for the Market

Visa’s annualized stablecoin transaction volumes have exceeded $25 billion, demonstrating increasing adoption in payment networks, card programs, and banking.

Visa provides stablecoin issuers with the benefit of a wide-reaching payment network, although Visa’s acceptance of different tokens prevents any one issuer from dominating.

Visa’s association with OUSD also calls into question Visa’s dedication to stablecoin neutrality. Growth in the future depends on institutional demand and blockchain payments’ integrity.

Also Read | Bitcoin Price Forecast: Could BTC Surge 30% Following the FOMC?

Kraken USDC Jumps 30% While EURC Trading Nears 1B in Circle Stablecoin Expansion

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Key Takeaways:

  • USDC on Kraken trading volume increased over 30% in a 1-year time period.
  • Kraken has traded nearly 1 billion EURC since it listed.
  • DeFi Earn by Kraken has over $350 Million worth of USDC deposits.

Circle says its stablecoin partnership with Kraken is producing measurable growth across trading, funding and onchain products.

Stablecoins are moving deeper into the products customers already use.

Kraken partnered with Circle to expand USDC and EURC utility across funding, trading, wallet infrastructure, and onchain access.

The results:

→ 30% USDC AUC growth on Kraken since its September 2025 partnership with Circle
→ Nearly 1B EURC traded on Kraken since listing
→ 350M USDC deposited to Kraken’s DeFi Earn vaults post launch

For Kraken, building with USDC and EURC helped reduce fragmentation across core platform flows and give customers more direct access to dollar- and euro-denominated stablecoin utility.

https://t.co/Qxaxgtoz6S

— Circle (@circle) October 28, 2026

The companies’ partnership has since widened in September 2025, and USDC volume on Kraken has risen by over 30% while EURC has grown into a large trading market in euros.

tennis circle-kraken

Kraken Pushes USDC Beyond Spot Trading

In 2020, Kraken already had ties with USDC, but in 2025, it will extend the token into the exchange’s infrastructure through a partnership with Circle.

Rather than just using USDC as a trading pair, Kraken translated its funding, earn offerings, wallet infrastructure and onchain applications to this pair. Circle aimed to provide fewer conversion steps and more direct access for users to convert to the $ in order to arbitrate.

The strategy seems like it’s starting to succeed. According to Circle, USDC on Kraken has risen by over 30% since September of 2025 to September of 2026. As of October 26, Circle says that it has approximately $71 billion worth of USDC in circulation, and approximately $71.2 billion worth of reserve denominated in USDC.

Read More: Circle Brings USDC and EURC Into SAP Workflows Powering 84% of Global Commerce

tennis circle

tennis 970x90-cryptogames

DeFi Earn Pulls in $350M of USDC

The most obvious one is arguably the DeFi Earn product of Kraken. Eligible assets deposited by customers can be converted into USDC, moved through an embedded wallet and allocated into Veda vaults on Ink, Kraken-supported Ethereum Layer 2 infrastructure built on the Optimism stack.

They are able to connect with third-party lending protocols such as Aave, while risk managers are independent thus managing liquidity and allocations. In the months after the launch, over $350 million worth of USDC was deposited into Circle’s DeFi Earn vaults.

EURC Trading Approaches 1 Billion on Kraken

Kraken also launched its € stablecoin launch with the addition of EURC in September 2025. Under the MiCA framework in Europe, the token will offer them an alternative trading option that’s denominated in euros, as well as account funding and collateral.

According to Circle, EURC’s on-chain volume has increased from almost 4 million tokens in October 2025 to over 75 million tokens by September 2026. In some months, over 100 million EURC worth of trading has been recorded; in total, trading since the listing has been close to 1 billion EURC.

Circle and Kraken Turn Stablecoins Into Core Infrastructure

The partnership has announced a bigger trend towards the adoption of stablecoins among exchanges. Settlement and liquidity infrastructure have developed much more quickly for USDC and EURC than they have for the dollars and euros that are traded, settled, and created.

For Kraken, the double token approach from a single issuer will minimize the need to coordinate between multiple stablecoin issuers regarding funding, trading and onchain processes. According to Circle, this has helped cut down on fragmentations and foster access to liquidity in dollars and euros.

It is also a part of USDC’s activity that is being scaled in crypto markets. Throughout the first half of 2026, Circle crossed USDC onchain transaction volume of over $36 trillion, highlighting how stablecoins are now becoming a mainstay of exchange and settlement infrastructure.

Read More: Kraken Launches xStocks Vaults With Up to 2% Yield on Tokenized Stocks and ETFs Now

Former Swift CEO Lazaro Campos joins OpenTrade as chairman

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The London-based stablecoin yield firm adds a payments heavyweight to its board nearly six months after a $17 million raise

The man who once ran the plumbing of global banking is now chairing a stablecoin startup. Lazaro Campos, the former CEO of Swift, has joined London-based OpenTrade as chairman, the company announced Friday.

Swift is the financial messaging network that banks use to talk to each other about moving money. OpenTrade wants businesses to offer yield on stablecoins.

Who OpenTrade is and what it does

OpenTrade was founded in 2023. It builds infrastructure that lets businesses offer dollar- and euro-denominated returns backed by real-world assets.

Think of it as a back-office kit for yield. A fintech, neobank or exchange wants to pay customers a return on their stablecoin balances. Instead of building the compliance and operational machinery itself, it plugs into OpenTrade.

Real-world assets, or RWAs, are traditional financial instruments represented on a blockchain. The pitch is that customers earn returns tied to conventional finance while holding digital dollars or euros.

OpenTrade lists JPMorgan, BlackRock, Franklin Templeton and Fidelity among the institutional partners providing those yields.

The appointment lands nearly six months after OpenTrade raised $17 million to expand its operations. That round, which closed in May 2026, brought the company’s total funding to $32 million to date.

The numbers behind the pitch

OpenTrade has reported more than $300 million in total value locked, the amount of capital sitting in its products. The company has also reported processing over $600 million in cumulative transaction volume.

The investor list leans heavily toward crypto-native and venture names. Backers include a16z Crypto, Circle, Mercury Fund, Notion Capital, AlbionVC and CMCC Global.

Circle’s presence is worth noting. Circle issues USDC, and OpenTrade CEO David Sutter previously headed Network Strategy at Centre, the Circle joint venture set up for USDC governance.

So the company already had stablecoin insiders running the show. What it adds with Campos is someone who spent years at the center of traditional cross-border payments.

Why a Swift veteran matters here

OpenTrade’s customers are financial businesses that care about governance, compliance and counterparty trust. A chairman who led the network banks rely on for payment messaging brings a kind of credibility that is hard to buy with a marketing budget.

There is some irony in the move. Stablecoins have often been pitched as a faster, cheaper alternative to legacy payment rails like Swift. Now Swift’s former chief is helping steer a company built on those very instruments.

What this means for the stablecoin yield market

OpenTrade’s model positions itself as compliant infrastructure, sourcing returns from established asset managers and banks, and letting partner firms distribute the product under their own brands.

That approach has clear appeal for neobanks and exchanges. They get a yield feature without building a treasury desk or a compliance department from scratch. OpenTrade gets distribution through other companies’ customer bases.

Risks remain. OpenTrade depends on the health of its yield sources, the appetite of fintechs to offer these products, and how regulators treat stablecoin returns in the markets it serves.

Its reported $300 million in TVL is a credible start, but the company will need to show it can scale that figure as competition for RWA-backed yield intensifies.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

Phone Casinos in 2026: Why Mobile-First Gambling Platforms Are Pulling Ahead

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The gambling sector has gone through more structural disruption in the past five years than in the previous two decades combined. The shift has not been driven by any single innovation but by the convergence of mobile hardware improvements, payment infrastructure changes, and a generation of players whose default assumption is that any serious digital product works as well on a phone as on a desktop. Phone-native casino platforms have been among the clearest beneficiaries of this convergence, and the gap between mobile-first operators and those that treat mobile as a secondary channel has become difficult to close.

Digital Payments and the Infrastructure Beneath the Experience

The payment layer is where the transformation is most clearly visible to anyone approaching this from a fintech or blockchain angle. The infrastructure that supports fast, low-friction deposits and withdrawals in online gambling has developed in parallel with the broader digital payments ecosystem, and the two have influenced each other in meaningful ways. Faster bank payment rails, e-wallet proliferation, and the growing normalisation of digital-first financial management have all made mobile gambling transactions feel as routine as any other mobile purchase.

Coverage from CoinDesk and other digital finance publications has examined the convergence between online gambling platforms and the broader digital payments space, particularly the way both sectors have benefited from the same infrastructure improvements: faster settlement, improved fraud detection, and the shift of financial activity to mobile interfaces. For gambling platforms, this means players who are already comfortable managing financial activity on a phone face no unfamiliar steps when depositing or withdrawing on a mobile casino.

The practical result for players is a transaction experience that fits into the same mental model as any other app-based payment. The friction that once characterised online gambling deposits, manual bank transfers, waiting periods, and complicated verification flows, has been substantially reduced by the same payment infrastructure improvements that have made digital commerce generally more fluid.

Why Mobile-First Architecture Makes a Measurable Difference

Not all mobile casino products are built the same way. There is a meaningful distinction between a platform that built for desktop and then adapted its product for mobile screens, and one where mobile was the primary design assumption from the beginning. The difference shows up in navigation speed, interface responsiveness, and how naturally the game library is organised for touchscreen use.

A mobile-first architecture means the performance budget, the technical resources allocated to running the platform, was sized around mobile constraints first. Faster initial loading, lower memory overhead, and interactions designed for touch input rather than adapted from mouse-click logic are all downstream effects of this design priority. For players accessing a full slot library on a phone with variable connectivity, these choices translate directly into a better or worse experience.

This is the kind of product investment that distinguishes the operators who have pulled ahead in the phone casino segment. When players look at MrQ phone casino as an example of a mobile-native gambling platform, the design choices that make the experience feel right on a phone are the result of architectural decisions made at the product level, not cosmetic adjustments made after the fact.

The App Versus Browser Debate, and Why It Matters Less Now

For a period, the question of whether players preferred a native app or a browser-based mobile experience was central to how gambling platforms positioned their mobile products. A native app offered more control over the interface and could leverage device features more directly. A browser-based product required no installation and worked across devices without platform restrictions.

In 2026, the distinction has softened considerably. Progressive web app technology has closed the performance gap between browser-based products and native apps in most practical scenarios. Players who want to add a phone casino to their home screen can do so without going through an app store. Those who prefer not to install anything have a browser experience that is functionally indistinguishable from a native app for most use cases.

What this means for the market is that operators are no longer penalised for choosing one delivery method over the other, provided the underlying platform is well built. The browser-based model has become viable at a quality level that native apps previously held an exclusive claim to.

What the Next Platform Generation Looks Like

The phone casino platforms that are positioned well for the next phase of development share a few characteristics. They have payment infrastructure that handles fast transactions across multiple methods without friction. They have game libraries deep enough to serve players with varied preferences, including studios whose titles are available exclusively through certain distribution partnerships. And they have mobile interfaces designed around the actual constraints and affordances of phone use.

The operators who treated mobile-first as a genuine architectural principle rather than a marketing claim are structurally better positioned to extend that advantage as hardware continues to improve and player expectations continue to rise. The gap between mobile-native and mobile-adapted products is not closing; it is widening with each product cycle.

Anthropic’s S-1 filing spotlights safety fears and science ambitions ahead of IPO

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October 26, 2026

2 min read

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Anthropic warns the risk of AI-created weapons could slow frontier models down

Anthropic is preparing to go public, and new documents show how the lab hopes to control its technology while also pushing the limits of what AI can do

By Adam Kovac edited by Claire Cameron

cybersecurity The Claude by Anthropic logo is displayed on a mobile phone screen placed over a computer monitor showing lines of programming code in Python and React.

Samuel Boivin/Shutterstock

As artificial intelligence pioneer Anthropic prepares to go public, the company has warned users—including scientists—on Monday that advanced models may be delayed because of cybersecurity and safety threats that risk eclipsing the models’ benefits.

In documents filed with the Securities and Exchange Commission ahead of Anthropic’s expected initial public offering, the AI lab vowed to weigh the effects of its models on the public good before issuing any new products.

“Moving quickly brings AI’s benefits sooner, but moving too quickly could outrun the world’s ability to make AI systems safe,” the company wrote.


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In the filing, Anthropic acknowledged that its future relies on outpacing its competition in developing increasingly capable and complex large language models. But it also raised the risk of its AI being used for harmful purposes, such as developing biological or chemical weapons.

“We deploy technical safeguards, including automated classifiers, specifically intended to detect and block these categories of misuse,” the company warned. “But such safeguards are incomplete, may be outdated in light of evolving threat models, have been and may in the future again be circumvented.” The comments reflect a debate among AI experts over what adequate safety testing looks like in light of repeated AI breaches and hacks.

Still, Anthropic highlighted the potential for new discoveries in biology and medical sciences as a key pathway to profitability—the company currently runs at a loss in the billions of dollars. Anthropic cited its life sciences laboratory, which recently discovered a segment of DNA that bears some resemblance to CRISPR, as an example of how it could access new markets. Even that expansion presents dangers, the company acknowledged, because more traditional science and research is outside its current area of expertise.

“These activities expose us to categories of liability, including for workplace injury and environmental contamination, that differ from those associated with our core business,” the company acknowledged.

Anthropic also warned investors that the company will like make investments into compute power that could appear “irresponsibly large at first glance.” Those vast sums of money are part of a bet that AI will have “wild exponential” growth.

“In order to fully capture the opportunity in front of us, we need to invest more aggressively than would a business that operates in a more slowly changing technological regime,” the company wrote.

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