China’s Bank Digs Into Web3: $3.8B Fund Goes Digital 🚀

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A China Merchants Bank subsidiary, that most solemn of institutions, recently embarked upon a most peculiar endeavor: tokenizing its vast money market fund. This Hong Kong-based arm, CMB International Asset Management, chose the BNB Chain, a blockchain as enigmatic as it is ambitious. A sum of $3.8 billion was thus transformed into digital parchment, a testament to the marriage of tradition and the nebulous realm of Web3. One might say it is a step toward the redemption of finance-or its damnation. 🧠💸

BREAKING: Thiel’s Erebor Approved – Is Silicon Valley Bank Finally Out of Business? 🤔

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Financial landscape

According to a hot-off-the-press report from the Financial Times (published on a Wednesday, no less, the wildest day of the week), Erebor has snatched up a preliminary banking charter. But hold your horses, folks! They still need to jump through several compliance and security hoops before they can officially werk it. That delicate dance could take, oh, forever. Time is just a social construct, right? 😏

Delta’s Deere Gambit: A Contrarian’s Dance with Greed and Gearwheels

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The quarterly filing, a parchment scrawled with the ink of arithmetic and the breath of regulators, reveals Delta’s latest folly. They now hold 6,490 shares of Deere, their stake blooming from a mere seedling to a sapling in the span of a season. The cost? A princely sum of $2.97 million, enough to feed a thousand oxen-or, as fate would have it, to fund the next great agricultural revolution. Or perhaps not. The markets are a fickle mistress, and Delta, it seems, has chosen to dance with her on a stage built of gears and greed.

A Skeptic’s Stroll Through Booking Holdings’ $119.5M Gambit

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On October 14, 2025, the fund disclosed its new stake in Booking Holdings (BKNG), acquired during the third quarter of 2025. The transaction, worth $119.52 million at average quarterly prices, suggests a confidence in the travel sector-or perhaps a belief that booking a vacation is the only thing more certain than death and taxes. To invest in Booking Holdings is to bet on humanity’s eternal need to flee from itself, a wager as old as the first merchant selling ship tickets to the New World.

Brevis Smashes Ethereum’s Speed Limits – 99% Proving Speed? Shocking! 🚀

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According to a press release shared with crypto.news on October 15 (yes, we’re that cutting edge), Brevis’s Pico Prism zkVM has claimed the title of the first to achieve 99.6% proving coverage for Ethereum blocks under 12 seconds. The cherry on top? A whopping 96.8% of blocks have been proven in what the industry terms “real-time” (yes, under 10 seconds), while performing this feat on the current mainnet with its paltry 45 million gas limit. Oh, and did I mention they did this while slashing GPU hardware costs by 50%? Seems Brevis isn’t just good at proving speed, but also saving a buck or two. 🤑

Crypto Chaos: Uptober’s Twisted Triumph! 💥🤡

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The recent crypto crash, that theatrical tempest in a teapot, ravaged the markets with the fervor of a drunken elephant, birthing the largest liquidation spree in the annals of pixelated wealth-a veritable massacre of leveraged dreams. Ah, the irony of prosperity’s fragility!

Veracity’s Exit: A Tale of Capital and Contrarian Resolve

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In the third quarter of this year, as the sun dipped below the horizon of optimism, Veracity Capital LLC, that astute observer of financial landscapes, chose to relinquish its hold on Pursuit Attractions and Hospitality. The transaction, meticulously recorded in the annals of the SEC, saw the sale of 121,290 shares, a maneuver that left the fund’s portfolio bereft of a 1.1% portion of its assets under management. One might ask: what drove this calculated retreat? Was it the whisper of caution, the shadow of doubt, or the cold calculus of risk assessment?