Reuters poll: Expectations for a December Fed rate hike are solid, but the end of the tightening cycle remains controversial.

Canaan Technology announced its financial results for the third quarter of 2026, with total revenue of US$14.5 million, a year-on-year decrease of 90.37% and a quarter-on-quarter decrease of 54.55%. Among them, revenue from mining machine products was US$4.8 million and mining revenue was US$9.5 million. The company reported a net profit of $8 million for the quarter, compared to a net loss of $27.7 million in the same period last year and a net loss of $97.6 million in the previous quarter. As of September 30, Canaan Technology held approximately 1,875 BTC, having mined 133 BTC during the quarter. Canaan Technology expects fourth-quarter revenue to be between $18 million and $22 million and announced the launch of an initial $20 million share repurchase program under a $100 million authorized limit.

Binance has issued a warning about a vulnerability in Apple iOS that could potentially leak iPhone users' private keys.

A Reuters poll shows that about 55% of economists surveyed expect a December rate hike to mark the end of the current tightening cycle. Another 45 economists expect the Federal Reserve to raise rates at least two more times, including more than half of the primary dealers surveyed. A strong job market, resilient economic growth, and inflation that continues to rise above the Federal Reserve’s 2% target have made tightening monetary policy a key consideration. Tom Porcelli, chief economist at Wells Fargo, said the Federal Reserve's decision depends on upcoming inflation data, which will prompt it to raise interest rates again. He believes the Fed has ample reason to raise rates at its October meeting. (Source: Reuters)

Asch is stepping down as head of the institutional prime brokerage.

Matter Labs, the developer of ZKsync, has launched Prividium Connect, a cross-chain private transaction product for institutions, which is now available on the mainnet. Based on ZKsync's open-source atomic interoperability protocol, it allows banks and asset management institutions to exchange assets without trusted intermediaries. Transactions are verified using zero-knowledge proofs, ensuring that two transfers either complete simultaneously or both fail, with assets retrievable after a timeout. Prividium Connect initially supports Hyperledger Besu and Prividium Ledger, applicable to securities delivery versus payment, repurchase agreements, and fund subscriptions and redemptions. Institutions can keep balances, holdings, and customer data within their own systems and decide for themselves which information to disclose to auditors and regulatory agencies. Matter Labs proposes deploying an official version on a public blockchain, converting cross-chain transaction fees into ZK tokens and distributing them according to governance decisions. The relevant fee switch has been developed and is currently under audit; its activation, integration, and fee parameters require governance approval.