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HOBART — Tasmania is projected to record the slowest economic expansion among all Australian states and territories over the coming decade, with state growth forecast to experience a sharp deceleration to just 0.8% in …

HOBART — Tasmania is projected to record the slowest economic expansion among all Australian states and territories over the coming decade, with state growth forecast to experience a sharp deceleration to just 0.8% in the 2026–27 financial year, according to the latest Business Outlook report published by Deloitte Access Economics. The bleak economic trajectory represents a steep deceleration from the 2.6% growth rate registered in FY26. The economic modeling highlights an intense confluence of persistent cost-of-living pressures, elevated domestic interest rates, and necessary state government spending restraints aimed at reining in structural budget deficits. While Deloitte partner Stephen Smith noted that Australia as a whole is likely to avoid a broad-based technical recession, households across the island state are set to experience severe recession-like conditions as real wage growth remains sluggish and public infrastructure delivery recalibrates. Deconstructing the Economic Slowdown: Key Macro Drivers The macroeconomic forecasts provided by Deloitte Access Economics highlight several structural bottlenecks weighing heavily on Tasmania's economic trajectory over the near-to-medium term. While mainland states continue to leverage higher overseas net migration volumes to prop up headline Gross State Product (GSP), Tasmania's economic model relies more heavily on domestic consumption, public sector capital projects, and localized productivity. The primary pressures identified in the report include: Fiscal Consolidation and Expenditure Cuts: State budget measures designed to curb public debt have led to a pullback in government spending, creating immediate drag on public sector employment and state capital works. State budget measures designed to curb public debt have led to a pullback in government spending, creating immediate drag on public sector employment and state capital works. Persistent Household Income Squeeze: Elevated mortgage rates alongside persistent price inflation for essential goods and services continue to erode discretionary consumer spending across regional Tasmanian communities. Elevated mortgage rates alongside persistent price inflation for essential goods and services continue to erode discretionary consumer spending across regional Tasmanian communities. Softening Capital Investment: High construction costs, tight credit conditions, and elevated commercial borrowing rates have delayed private residential developments and commercial property starts across Hobart and Launceston. High construction costs, tight credit conditions, and elevated commercial borrowing rates have delayed private residential developments and commercial property starts across Hobart and Launceston. Constrained Labor Productivity: Across Australia, productivity growth per hour worked has stagnated relative to pre-pandemic benchmarks, leaving local businesses with limited operational buffer to absorb rising input costs. Despite describing the state budget as "badly bent," the Deloitte report recognized the Rockliff Liberal Government's efforts toward fiscal restraint as a necessary step to stabilize long-term public finances without completely undermining state credit ratings. Political Fallout: Government Defense vs. Opposition Critique The publication of Deloitte's flagship quarterly report immediately ignited intense political debate within state parliament, reflecting deep ideological divides over state economic management and public infrastructure priorities. Tasmanian Treasurer Eric Abetz defended the government's economic record, arguing that headline aggregate figures fail to capture the true underlying quality of Tasmania's economic performance. Abetz emphasized that Tasmania remains unique among Australian jurisdictions in delivering genuine per capita growth rather than reliance on rapid population expansion: "The Tasmanian economy is resilient and has continually been the only state to grow on a genuine per capita basis, not propped up artificially by massive population inflows," Treasurer Abetz stated in response to the report. "Our government is backing key job-creating investments—including the Macquarie Point stadium precinct and the restart of the Mt Lyell copper mine—while maintaining a genuine budget strategy focused on lowering inflation without raising taxes on families and local businesses." Conversely, Shadow Treasurer Dean Winter offered a scathing assessment of the findings, pointing to thirteen years of Liberal governance as the root cause of the state's economic underperformance. Winter asserted that local families are paying the price for years of budget mismanagement, ballooning public debt, and delayed infrastructure delivery. "The Deloitte report confirms what every Tasmanian household already knows: our state economy is broken," Winter declared. "After more than a decade of Liberal administration, Tasmania is falling behind the rest of the nation, with severe spending cuts now dragging down business confidence and weakening essential public services." Strategic Operational Pillars for Economic Recovery To prevent sustained economic stagnation and restore medium-term momentum, economic analysts and business leaders have identified four core operational priorities for the state: First, accelerating planning approvals and supply-side reforms across regional housing markets to address acute rental shortages and reduce construction delays. Second, prioritizing high-yield capital projects—such as the Marinus Link electricity interconnector, port infrastructure upgrades, and renewable energy storage—that directly enhance sovereign productive capacity. Third, supporting high-value regional export industries, including aquaculture, premium agriculture, specialty forestry, and critical minerals processing, to capture growing Indo-Pacific demand. Finally, implementing targeted workforce training initiatives to upskill local workers in advanced manufacturing, renewable energy installation, and healthcare services. Long-Term Horizon and Policy Outlook While the immediate outlook for FY27 presents severe headwinds, Deloitte Access Economics estimates that Tasmania's long-term economic growth will average approximately 1.7% annually over the next decade. Whether the state can surpass these baseline projections depends largely on the government's ability to balance fiscal discipline with strategic capital investment. As the Reserve Bank of Australia navigates national monetary policy, state policymakers face the delicate challenge of fostering private sector investment, safeguarding regional employment, and building essential public infrastructure without worsening state debt levels.

The RBI raised its benchmark repo rate by 25 basis points to 5.5%, its first hike since February 2023, and shifted its policy stance to ‘calibrated tightening’. The move came as the central bank …

The RBI raised its benchmark repo rate by 25 basis points to 5.5%, its first hike since February 2023, and shifted its policy stance to ‘calibrated tightening’. The move came as the central bank raised its FY27 growth forecast to 7.1% while warning that infla… Mumbai: The Reserve Bank of India (RBI) on Wednesday expectedly raised its benchmark repo rate to 5.5% in the first such increase since February 2023, joining major global central banks in tightening…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: BitGo and HashKey Cloud have expanded an earlier staking relationship into …

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: BitGo and HashKey Cloud have expanded an earlier staking relationship into a broader Asia-Pacific partnership covering staking, trading, custody and real-world asset tokenization. HashKey will support validator services for eligible BitGo clients, initially across Ethereum and Solana. BitGo and HashKey are turning an existing staking relationship into a wider institutional crypto infrastructure partnership across Asia. The companies signed an expanded agreement in Singapore covering four areas: staking, trading, custody and real-world asset tokenization. HashKey Cloud will become a validator partner on BitGo’s platform, initially supporting Ethereum and Solana staking for eligible institutional customers. The two firms also plan to cooperate on institutional trading flows. On the custody side, BitGo will make its infrastructure available to HashKey Capital and associated funds, subject to onboarding and individual agreements. BitGo is also set to become a custody partner for HashKey’s real-world asset tokenization initiatives. Taken together, those pieces form something closer to a full institutional asset stack than a single product partnership. A fund entering crypto increasingly needs more than somewhere to store tokens. It may need staking infrastructure for proof-of-stake assets, trading liquidity, regulated custody and systems capable of handling tokenized traditional assets. Providing those services through connected partners can reduce some of the fragmentation that institutions face when entering digital markets. The geographic focus matters too. HashKey has built a substantial presence in Hong Kong and the broader Asia-Pacific crypto market, while BitGo has spent years developing regulated custody and institutional infrastructure. BitGo’s Abel Seow said institutions in Asia increasingly want infrastructure covering the full lifecycle of an asset rather than isolated services. The agreement attempts to provide exactly that. The two companies had already been working together around staking before broadening the relationship. The latest deal therefore looks less like a speculative memorandum and more like an expansion of an existing integration. Asia has become one of the most competitive regions for institutional digital-asset infrastructure. Hong Kong, Singapore and other financial centers have been building regulatory frameworks intended to let established financial firms engage with crypto without relying on the looser models that defined the industry’s early years. That creates demand for providers able to combine regulated custody with blockchain-native services. BitGo and HashKey are betting that the winning institutional platforms will need both.

Operating as Formation, the combined team brings together two leading crypto platforms spanning trading, credit and vault infrastructure to expand access to capital across AI, robotics and other frontier industries. NEW YORK, Oct. 7, …

Operating as Formation, the combined team brings together two leading crypto platforms spanning trading, credit and vault infrastructure to expand access to capital across AI, robotics and other frontier industries. NEW YORK, Oct. 7, 2026 /PRNewswire/ -- Orca and Loopscale today announced their merger, bringing together Orca's trading and liquidity infrastructure with Loopscale's credit and vault infrastructure. The combined team will operate as Formation, led by Loopscale co-founder Luke Truitt as CEO. Formation aims to give emerging assets a path from issuance to financing and liquidity, while expanding the range of assets and strategies available to capital allocators. Both the Orca and Loopscale protocols will remain the foundation of the ORCA and xORCA token network. Formation will build new, unified capabilities across origination, vault strategies, and distribution, building on the existing protocols. Formation, Orca and Loopscale Closing the gap between capital and innovation AI, energy, robotics and defense companies are driving a new wave of capital demand. Apollo estimates that nearly $3 trillion will be needed for AI infrastructure alone through 2028. Many of the companies behind that demand do not fit neatly into traditional capital market boxes, where fixed underwriting, legal, servicing and distribution costs favor larger, standardized deals. Formation broadens access to capital by reducing the cost and complexity of structuring, distributing and financing assets. "The frontier economy is creating new business models and financing needs more rapidly than traditional market infrastructure is evolving to serve them," said Luke Truitt, CEO of Formation. "Every major technological revolution has been paired with a financial one. We're at an inflection point that requires capital markets to keep pace with the industries reshaping the economy." Built on proven infrastructure Orca has processed more than $550 billion in trading volume since 2021. Loopscale has more than $150 million in deposits and has facilitated more than $2 billion in loans. Together, they bring a battle-tested platform and decade of operating history across trading, credit and vault strategies. "Orca has spent years building deep liquidity, and we've seen firsthand that liquidity alone isn't enough to scale an asset," said Christopher Montagano, Chief Strategy & Legal Officer of Orca. "The greater challenge is building the credit and distribution those assets need to grow, and Orca and Loopscale built complementary pieces of that infrastructure. Together, we can give issuers a complete path from launch to long-term market adoption." Powering the next capital formation cycle Formation is building across origination, issuance, liquidity, credit and distribution, with a path into regulated U.S. capital markets. Over the next 12 months, the team plans to introduce new tools for issuers and capital allocation strategies alongside its existing trading, lending and vault offerings. Formation is already working with Figure, Shinhan Asset Management, Superstate, R3 and Securitize to bring new assets to market and expand distribution. "Having originated over $30 billion of credit onchain and scaled tokenized products to more than $650 million in DeFi, we know how much high-quality distribution partners matter for growth," said Reid Simon, President of Digital Assets at Figure Technology Solutions, Inc. "We've worked closely with both the Orca and Loopscale teams over the past year, and are excited by what the unification of trading, credit and vault strategies will unlock for tokenized asset growth." Formation's leadership includes Luke Truitt as Chief Executive Officer, Mary Gooneratne as Chief Operating Officer, and Christopher Montagano as Chief Strategy & Legal Officer. About Orca Orca is a decentralized exchange on Solana, providing trading infrastructure for digital assets. Since 2021, it has processed more than $500 billion in trading volume. Learn more at orca.so. About Loopscale Loopscale is a credit and vault infrastructure platform with more than $150 million in deposits and over $2 billion in loans facilitated across a broad range of markets. Learn more at loopscale.com. About Formation Formation is building capital markets for the frontier economy. Established through the merger of Orca and Loopscale, it brings together trading, credit and capital allocation infrastructure. Learn more at formation.so and join the conversation on X. Forward-Looking Statements This release contains forward-looking statements, including regarding planned products and the expected benefits of the merger. Actual results may differ materially. Planned products are subject to applicable legal and regulatory requirements and may not be available in all jurisdictions or to U.S. persons. Nothing in this release is an offer to sell or a solicitation of an offer to buy any security or other financial product, or investment, legal or tax advice. Media [email protected] SOURCE Orca Management Company S.A.

The post NEAR Protocol Is Up 122% in a Month While Bitcoin Gained 8%. Can the Rally Last? appeared first on 24/7 Wall St.. NEAR Protocol (CRYPTO:NEAR) has seen remarkable growth, climbing about 122% …

The post NEAR Protocol Is Up 122% in a Month While Bitcoin Gained 8%. Can the Rally Last? appeared first on 24/7 Wall St.. NEAR Protocol (CRYPTO:NEAR) has seen remarkable growth, climbing about 122% over the 30 days leading up to October 5, 2026. By compariso… The post NEAR Protocol Is Up 122% in a Month While Bitcoin Gained 8%. Can the Rally Last? appeared first on 24/7 Wall St..NEAR Protocol (CRYPTO:NEAR) has seen remarkable growth, climbing about 122% o…

What Happened? Shares of bitcoin development company Strategy (NASDAQ:MSTR) fell 6.5% in the afternoon session after Bitcoin dropped below $84,000 amid broad, leverage-driven selling across the cryptocurrency market. According to the Crypto Times and …

What Happened? Shares of bitcoin development company Strategy (NASDAQ:MSTR) fell 6.5% in the afternoon session after Bitcoin dropped below $84,000 amid broad, leverage-driven selling across the cryptocurrency market. According to the Crypto Times and CoinDesk… What Happened?Shares of bitcoin development company Strategy (NASDAQ:MSTR) fell 6.5% in the afternoon session after Bitcoin dropped below $84,000 amid broad, leverage-driven selling across the crypto…

The Saudi-led coalition has reportedly destroyed 82 military targets controlled by the Houthi movement in Yemen, following the group’s attacks on civilian areas within Saudi Arabia. This escalation comes amid ongoing tensions between the …

The Saudi-led coalition has reportedly destroyed 82 military targets controlled by the Houthi movement in Yemen, following the group’s attacks on civilian areas within Saudi Arabia. This escalation comes amid ongoing tensions between the Saudi-backed Yemeni government and the Iran-supported Houthis, who have maintained control over Sanaa and significant parts of northern Yemen since 2014. The coalition’s actions appear to reflect a strategic response aimed at weakening the Houthis’ military capabilities, including their missile and drone capabilities, as well as their naval and weapons-storage facilities. Market participants appear to interpret this development as a setback for the Houthis’ ability to advance towards key strategic locations such as Aden. Key Takeaways The destruction of Houthi targets by the Saudi-led coalition appears consistent with a strategic effort to degrade Houthi military capabilities. Market pricing suggests a decrease in the likelihood of a YES outcome for the scenario where Houthis enter Aden by October 31, 2026. The reduction in the probability of Houthi forces entering Aden reflects market participants’ assessment of the military setback’s impact. What to Watch Observers will be monitoring any further military engagements or retaliatory actions by the Houthis, which could impact the current market outlook. Developments such as additional Saudi airstrikes or diplomatic negotiations could influence the likelihood of Houthi advances towards Aden. Market participants will also watch for potential changes in military or political strategies by key actors like Abdul-Malik al-Houthi or the Saudi Crown Prince, which could affect the trajectory of the conflict and market probabilities.

The Deribit integration creates the Coinbase Global Exchange, a CFTC-regulated route for eligible US traders into offshore-style options and perpetual futures markets For years, the deepest pools of crypto derivatives trading sat offshore, behind …

The Deribit integration creates the Coinbase Global Exchange, a CFTC-regulated route for eligible US traders into offshore-style options and perpetual futures markets For years, the deepest pools of crypto derivatives trading sat offshore, behind a velvet rope that US traders weren’t allowed to cross. On October 7, 2026, Coinbase said it had found a door with a regulatory stamp on it. The exchange announced it has finished integrating Deribit, the options venue it bought for approximately $2.9 billion in August 2025. The result is a new platform called the Coinbase Global Exchange, which aims to plug eligible US traders into global liquidity for options and perpetual futures. Coinbase describes itself as the only regulated exchange that lets US traders reach global derivatives liquidity through a single collateral pool. How the new setup works The Coinbase Global Exchange runs through Coinbase Financial Markets, a subsidiary regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Financial Markets operates as a futures commission merchant, or FCM. Think of an FCM as the licensed middleman that holds customer money and routes futures orders to the market. The key regulatory piece came in May 2026. CFTC guidance issued that month established Coinbase Financial Markets as the first US-regulated FCM able to connect US clients directly to global derivatives markets. Coinbase frames the Deribit integration as the first structured on-ramp for US traders into offshore-style derivatives markets under that guidance. The “single collateral pool” part is where things get practical. Picture a casino where every table demands its own separate bankroll, so your chips sit idle at the blackjack table while you’re short at roulette. A single collateral pool lets one deposit back positions across multiple products. For active traders, that means capital does more work and spends less time parked. Advertisement On October 1, 2026, perpetual futures that previously traded on Coinbase International Exchange migrated to the new Deribit-powered gateway. Perpetual futures, for the uninitiated, are futures contracts with no expiry date, which makes them the go-to instrument for leveraged crypto trading. The rollout timeline Access won’t arrive for everyone at once. Coinbase plans a staged rollout, with institutional clients up first. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. Institutional options and perpetual futures: expected within weeks of the announcement. expected within weeks of the announcement. Non-US options access: slated to follow after the institutional launch. slated to follow after the institutional launch. US retail options: expected later in 2026. Coinbase also says it intends to add features such as spot margin and unified portfolios to the platform. Spot margin means borrowing against holdings to buy actual crypto rather than contracts. Unified portfolios would let traders see and manage positions across products in one view, which pairs naturally with the shared collateral model. Separately, the company has committed to bringing back its Pro platform for professional traders by the end of 2026. The numbers behind the liquidity Bitcoin options open interest on the platform topped $30 billion as of September 30, 2026. Open interest measures the total value of contracts still outstanding, essentially how much money is currently riding on Bitcoin options. Deribit also processed more than $1 trillion in trading volume over the year before the integration. Deep markets matter because large orders can move through them without shoving prices around, which is exactly what institutional desks care about. Context helps here. Derivatives have historically accounted for approximately 80% of total crypto trading volume. In other words, spot trading, the simple act of buying and holding coins, is the minority activity. Why Deribit, and why now Deribit built its reputation as a heavyweight in crypto options, operating outside the US regulatory perimeter. The August 2025 acquisition, priced at approximately $2.9 billion, was always a bet that regulators would eventually allow some version of this bridge. The May 2026 CFTC guidance appears to have been the green light. Roughly 14 months passed between purchase and full integration. What this means for traders and the market The most immediate effect is on institutions. Many large investors have stayed away from unregulated venues for obvious reasons: compliance departments tend to frown on wiring client funds to exchanges outside US oversight. A CFTC-regulated channel into global options and perpetuals removes one of the bigger excuses for sitting on the sidelines. The research points to Coinbase Prime’s rollout as a possible conduit for institutional capital. For retail traders in the US, options access is expected later in 2026, not today. Several things are worth watching from here. First, whether the institutional launch actually lands within the promised weeks. Second, how quickly the $30 billion-plus in Bitcoin options open interest grows once US institutions can participate directly. Third, whether the returning Pro platform and the promised spot margin and unified portfolio features ship on schedule. The arrangement depends on CFTC guidance from May 2026, and guidance can be revised. Coinbase has built a valuable bridge, but it’s a bridge whose foundations sit on a regulator’s continued approval.

The Robinhood Chain launchpad token went from listing roadmap to live trading in about a day Coinbase has switched on the PONS-USD trading pair, and traders can now use limit, market, and stop orders …

The Robinhood Chain launchpad token went from listing roadmap to live trading in about a day Coinbase has switched on the PONS-USD trading pair, and traders can now use limit, market, and stop orders on both Coinbase Exchange and Coinbase Advanced. Trading went live on October 7, 2026, one day after PONS appeared on the exchange’s listing roadmap. In crypto listing terms, that is a very short wait. The timing matters. PONS reaches one of the largest US-facing venues while trading at less than half its all-time high. What Coinbase actually turned on The new pair supports three order types, each serving a different kind of trader. A limit order lets you name your price and wait for the market to come to you. A market order fills right away at whatever price is available. A stop order sits dormant until the price hits a trigger level, then activates. Traders often use stops to cap losses. Trading on the pair is still subject to liquidity conditions and regional restrictions. Not everyone, everywhere, will see the same access. Thin order books on a new listing can also mean wider spreads and choppier fills. Advertisement The speed of the rollout stands out. Coinbase added PONS to its listing roadmap on October 6, 2026. Spot trading began on October 7. A roadmap listing usually signals intent. Here, intent and execution arrived almost back to back. What PONS is, and how it got here PONS is a permissionless, non-custodial token launchpad built on Robinhood Chain. That network is a Layer 2 blockchain designed to make it easy to create and trade fixed-supply tokens. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. The PONS token itself is young. It launched between July 15 and July 28, 2026. It climbed to an all-time high of approximately $0.97 in September 2026. As of early October, PONS was trading around $0.38 to $0.40. At those prices, PONS carries a market capitalization near $260 million to $270 million. Roughly 680 million tokens are in circulation. The 32% burn The Coinbase news also coincided with a supply change from the project. On or around October 6, 2026, PONS announced a 32% token supply burn. A burn permanently removes tokens from circulation, usually by sending them to an address nobody can access. The research material ties the decision to excess trading activity. Its summary also describes the burn as aimed at boosting trading volume. The announcement and the Coinbase roadmap addition landed on the same day. That gave PONS two catalysts within about 24 hours. What this means for traders and the launchpad market For traders, the clearest change is access. A token that once lived mainly on its native chain is now reachable through a major exchange with a USD pair. That cuts out much of the friction of bridging assets, managing wallets, and swapping on-chain. The burn adds a second variable. Removing 32% of supply is a significant cut. PONS enters this phase well below its September high of approximately $0.97, trading around $0.38 to $0.40 in early October. The regional and liquidity limits on the pair also deserve attention. Order types like stops are only as reliable as the order book behind them. In a thin market, a stop order can fill well below its trigger price during a fast move. Traders using the new tools should account for that, especially in the early days of a listing. For now, PONS has gone from Robinhood Chain experiment to Coinbase-listed asset in under three months.

The Gulf Cooperation Council (GCC) Secretary-General, Jassim Mohammed al-Budaiwi, has condemned recent attacks by Iran-backed Houthi forces on Saudi Arabia’s Abha and King Khalid International airports. In a statement released on Wednesday, al-Budaiwi described …

The Gulf Cooperation Council (GCC) Secretary-General, Jassim Mohammed al-Budaiwi, has condemned recent attacks by Iran-backed Houthi forces on Saudi Arabia’s Abha and King Khalid International airports. In a statement released on Wednesday, al-Budaiwi described the attacks as “systematic crimes” targeting civilians. This condemnation comes amid reports from Saudi Arabia’s aviation authority of casualties and property damage resulting from the incidents. The Houthi movement has claimed responsibility for these attacks, which further escalate tensions in the region and highlight the ongoing conflict involving Saudi Arabia and Yemen’s Houthi forces. Key Takeaways The GCC’s condemnation of the Houthi attacks suggests a unified regional stance supportive of Saudi Arabia’s security measures. Market pricing indicates a decreased probability of Houthi forces entering Aden by the end of October, with current odds at 10.5% for a YES outcome. Recent developments appear more consistent with scenarios where increased regional tensions could lead to a military response from Saudi Arabia. What to Watch Observers will be monitoring Saudi Arabia’s potential military responses to the attacks, which could further influence the likelihood of Houthi advances into Aden. Any significant military mobilization by Saudi forces or their allies could be consistent with a NO outcome in the Aden market. Additionally, diplomatic maneuvers or ceasefire agreements may emerge as critical indicators in the coming weeks. As the situation develops, the actions of key figures such as Abdul-Malik al-Houthi and Mohammed bin Salman will be pivotal in shaping future market dynamics.