Odaily Noon News
1. OP Labs lays off 20% of staff to focus on core business: not due to financial pressure;
2. OpenClaw founder questions Tencent's scraping of Skills and urges support to avoid increasing server costs;
3. Bloomberg: US prosecutors believe SBF's retrial request should be rejected;
4. Bitcoin spot ETF saw a total net inflow of $115 million yesterday, marking three consecutive days of net inflows;
5. BONK.fun: Official domain hacked, please refrain from any interactions for now;
6. Trump crypto advisor: Compliant stablecoins will drive global capital inflows into the US banking system;
7. A whale deposited $4 million USDC into Hyperliquid again to short oil;
8. Major Wall Street brokers plan to access prediction markets, with Clear Street and Marex taking the lead;
9. Brent crude oil futures surged over 9%, returning above $100/barrel due to disruptions at a key port in Oman;
10. Kyle Samani: PropAMM is one of the most important innovations in market microstructure in decades.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ - Levi Strauss shares drop due to weak sales in the US and Europe
On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.
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