BlackRock Unveils Treasury Liquidity Fund to Manage Stablecoin Reserves

**BlackRock Launches Revamped Fund to Manage Stablecoin Reserves**

BlackRock, one of the world’s largest asset managers with $13.5 trillion in assets, is expanding its footprint in the stablecoin market by launching a restructured money market fund designed specifically to manage reserves for US dollar-pegged stablecoins. This move aligns with the new regulatory landscape and positions BlackRock as a key player in the rapidly growing stablecoin sector, which is projected to reach $4 trillion by 2030.

### Strategic Push into Stablecoin Reserve Management

In response to increasing demand for secure and liquid reserve options, BlackRock has revamped one of its key money market funds, now renamed the **BlackRock Select Treasury Based Liquidity Fund (BSTBL)**. The fund’s primary objective is to provide a safe, liquid vehicle for stablecoin issuers to manage their reserves. It invests exclusively in short-term US Treasury securities and overnight repurchase agreements, ensuring both safety and high liquidity.

Jon Steel, the global head of BlackRock’s cash management business, emphasized the company’s commitment:
*“We want to be and we believe we are a preeminent reserve manager.”*

This statement highlights BlackRock’s goal to capture a larger share of the stablecoin market as demand for secure reserve solutions grows alongside stablecoin adoption.

### Compliance with the GENIUS Act

The redesigned BSTBL fund is tailored to comply with the new regulatory framework introduced under the GENIUS Act, signed into law earlier this year. The GENIUS Act sets forth guidelines requiring stablecoin issuers to maintain their reserves in safe, highly liquid forms.

By focusing its investments solely on short-term US Treasury securities and repurchase agreements, BlackRock’s fund meets these stringent requirements, providing stablecoin issuers with a compliant and reliable reserve management solution. This regulatory alignment enhances BlackRock’s appeal to issuers looking to meet both immediate and long-term reserve management needs.

### Longer Trading Hours and Institutional Focus

To better serve institutional investors—including stablecoin issuers—the BSTBL fund has extended its trading hours until 5:00 pm Eastern Time. This adjustment provides greater flexibility for investors operating across multiple time zones. Moreover, the fund’s valuation times have been pushed back to support global trading schedules, enabling more efficient and transparent fund management.

BlackRock’s focus on institutional investors is clear, as the stablecoin market is primarily driven by large financial entities. Offering a yield-bearing reserve option with extended trading hours positions the BSTBL fund as an attractive tool for issuers aiming to comply with the GENIUS Act and optimize their reserve strategies.

### Expanding BlackRock’s Digital Asset Strategy

This move into stablecoin reserve management complements BlackRock’s broader digital asset strategy. The firm is already active in the cryptocurrency space with products such as its Bitcoin ETF, Ether product, and a tokenized liquidity fund launched earlier this year.

The revamped BSTBL fund reinforces BlackRock’s commitment to the digital assets sector and its ambition to be a leading reserve manager for US dollar-pegged stablecoins. BlackRock has already established partnerships with issuers like Circle, the company behind USDC, further solidifying its reputation as a trusted reserve manager.

### Outlook

With stablecoin adoption on the rise and the market expected to expand exponentially, BlackRock’s strategic initiative to redesign its money market fund and align with new regulatory standards positions it to benefit from growing demand for secure, compliant reserve management solutions.

By proactively catering to the needs of stablecoin issuers, BlackRock is set to become an integral player in this dynamic and fast-evolving financial sector.
https://coincentral.com/blackrock-unveils-treasury-liquidity-fund-to-manage-stablecoin-reserves/

Cotton Bounce Higher on the Midweek Session

Cotton prices are down 30 to 40 points so far on Thursday morning. This follows a turnaround on Wednesday, where futures contracts closed with gains of 20 to 25 points across the front months.

The US dollar index fell by $0.400 on Tuesday, reaching 98.410, while crude oil prices edged up by $0.05 per barrel. Meanwhile, Tuesday’s online auction from The Seam reported just 45 bales sold at an average price of 47.24 cents per pound.

The Cotlook A Index dropped another 35 points on October 14, settling at 74.95 cents. ICE certified cotton stocks remained unchanged on the same date, with the certified stocks level steady at 16,593 bales.

Here is a snapshot of recent cotton futures performance:

– December 2025 Cotton closed at 63.76 cents, up 25 points, but is currently down 40 points.
– March 2026 Cotton closed at 65.33 cents, up 24 points, currently down 34 points.
– May 2026 Cotton closed at 66.55 cents, up 24 points, currently down 36 points.

Stay informed on commodity trends— from crude oil to coffee— by signing up for Barchart’s best-in-class commodity analysis, available for free.

*Disclosure:* On the date of publication, Austin Schroeder did not hold positions (directly or indirectly) in any of the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please see the [Barchart Disclosure Policy](#).

**More news from Barchart:**

– Will Cotton Ever Rally?
– As China Shuns U.S. Ag Products, Make This 1 Trade Now
– Corn, Soybean, Wheat, Cotton: Let’s Break Down What You Need to Be Watching This Week
– Can Cotton Break Out from Its Bearish Trend?

*The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cotton-bounce-higher-midweek-session-0

A former security guard at the US Embassy in Norway is convicted of spying for Russia and Iran

**Former U.S. Embassy Security Guard in Norway Convicted of Espionage for Russia and Iran**

A former security guard at the U.S. Embassy in Norway was convicted of espionage on Wednesday after a court in Oslo found that he had spied for both Russia and Iran. The 28-year-old Norwegian man, whose name has not been made public, was sentenced to three years and seven months behind bars.

The defendant acknowledged the facts presented in the indictment but denied any criminal guilt. Prosecutors revealed that he handed over sensitive information, including details about the embassy’s diplomats, floor plans, and security routines, Norwegian state broadcaster NRK reported.

According to NRK, the man’s actions were reportedly influenced by American ties to Israel and the ongoing war in Gaza, which motivated him to reach out to Russia and Iran.

### Defense Response

In a statement issued Thursday, the man’s defense attorneys questioned the espionage verdict under Norwegian law. Attorney Inger Zadig of Elden Law Firm stated:
“He lied about having security clearance to agents from other countries and exaggerated his own role. He had roughly the same level of access as a janitor at the embassy. The information he shared was worthless and neither separately nor collectively capable of harming individuals or the security interests of any state.”

The defendant was found guilty of five espionage-related charges but was acquitted of gross corruption.

### Next Steps

The defense team is currently considering whether to appeal the verdict. Prosecutor Carl Fredrik Fari has also indicated that his team may appeal the sentence, as the state had originally requested a prison term of more than six years.

### Background

At the time of his arrest last November, the man was pursuing a bachelor’s degree in security and preparedness at Norway’s Arctic University (UiT). This case marks the second espionage-related incident linked to UiT in recent years.

In a notable prior case, a guest researcher at UiT, arrested on espionage allegations in 2022, was revealed to be a Russian national named Mikhail Valeryevich Mikushin, who had been posing as a Brazilian named José Assis Giammaria. He was later involved in a major prisoner exchange between the West and Russia last year.

### Norway-Russia Relations

Norway shares a 198-kilometer (123-mile) border with Russia in the Arctic. Since Russia launched its full-scale invasion of Ukraine in February 2022, Norway has implemented strict entry restrictions for Russian nationals, reflecting heightened security concerns in the region.
https://www.clickorlando.com/news/world/2025/10/16/a-former-security-guard-at-the-us-embassy-in-norway-is-convicted-of-spying-for-russia-and-iran/

‘This is not Gaza’: Palestinians return to war-torn neighborhoods amid ceasefire

Palestinians Return to Gaza After Ceasefire, Find Devastation and Displacement

KHAN YOUNIS, Gaza Strip – While some Palestinians returning to the Gaza Strip this week after two years of war showed joy on their faces, many found their old neighborhoods unrecognizable due to relentless fighting that reduced numerous buildings to rubble.

Following a historic ceasefire agreement enacted on Monday, tens of thousands of displaced residents, along with nearly 2,000 Palestinians released from Israeli prisons, made their way back to Gaza—only to find themselves homeless.

“Of course, I was happy about being released, but not happy about being displaced with no safety in place, no life necessities,” said 23-year-old Abdullah Wa’el Mohammed Farhan, one of the former Palestinian prisoners freed on Monday as part of a ceasefire deal brokered by President Donald Trump.

Standing outside a tent in Khan Younis, where he and his family are currently living, Farhan told ABC News that he was imprisoned for 20 months as the war with Israel raged on. He described how, while detained, he and other Palestinian prisoners were “completely isolated from the world.”

“When I was told about my release, I didn’t believe it because more than once [Israeli authorities] told us about our release and moved us from one prison to another while being tortured and beaten,” Farhan said.

ABC News has contacted the Israel Defense Forces and the Israel Prison Service regarding allegations from Farhan and other released prisoners about being tortured and subjected to starvation while incarcerated, but has yet to receive a response.

Abdullah’s sister, 21-year-old Samaher Farhan, spoke to ABC News about their reunion. While thankful to be together again, she expressed sadness that her brother had to return to a community ravaged by war.

“When I saw Abdullah yesterday, it was mixed feelings of happiness and sadness because of how he looked before he went to prison and how he looked now,” Samaher said. She hopes to resume living in their home, which remains intact but is located in an area currently uninhabitable.

“For the time being, we are living in a tent,” she added. “We felt bad that this is not a worthy welcoming of a prisoner. How can he come out to a worn tent? So, it was a sad feeling. I even tried not to meet him or sit with him for a long time because the situation is dire in this worn tent.”

She recalled that when Abdullah was taken prisoner, their neighborhood was still in good shape. “It was barely 1% of the destruction we have now,” she said.

Devastation Across Gaza

The United Nations and other organizations have reported that there is no safe place left in the Gaza Strip, which measures approximately 25 miles long by 7.5 miles wide. The Israel Defense Forces (IDF) have designated most of the war-torn territory as a “no-go zone,” issuing evacuation orders for civilians, according to the U.N. Office for the Coordination of Humanitarian Affairs.

A damage assessment by the U.N. Satellite Centre found that 83% of all structures in Gaza City—the capital of the Palestinian territory—have been damaged. The assessment identified at least 17,734 structures destroyed, representing about 43% of the total number of damaged structures.

In a report issued on Tuesday, the U.N. estimated that it will cost approximately $70 billion to reconstruct Gaza.

Human Toll of the Conflict

According to the Palestinian Ministry of Health’s latest report on Wednesday, nearly 68,000 Palestinians were killed in the Gaza Strip during the war. The conflict began on October 7, 2023, when Hamas terrorists launched a surprise attack on Israel, killing more than 1,200 people and taking about 250 others hostage.

The final 20 living Israeli hostages were released by Hamas on Monday as part of the ceasefire deal.

Voices from Those Released

Shadi Abu Sido, a Palestinian photojournalist released from Israeli prison on Monday, expressed shock at the widespread devastation in Gaza since his detention in March 2024.

“I entered Gaza and found it to be like a scene of Judgment Day,” Sido said in a video testimony. “This is not Gaza. Where is the world?”

He shared that while in prison, an Israeli officer told him his wife and two children had been killed during the war. However, upon returning to his home in Khan Younis, he discovered they were alive.

“I heard her voice, I heard my children—I was astonished. It cannot be explained, they were alive,” Sido told Reuters.

For another Palestinian prisoner, the joy of being freed was quickly replaced by heartbreak upon learning that his three children—aged 2, 5, and 8—had died in the conflict.

In a video testimony, the man, whose name has not been released, is seen falling to his knees and sobbing. Holding a bracelet in his hand, he explained that he had made it in prison and planned to give it to his youngest daughter.

“I made this for my daughter, whose birthday was supposed to be in five days,” he said in the video.

ABC News’ Bill Hutchinson contributed to this report.

https://abcnews.go.com/International/gaza-palestinians-return-war-torn-neighborhoods-amid-fragile/story?id=126551546

Mamdani Is Making Overtures to Jewish Leaders. Some Are Listening.

Zohran Mamdani is intensifying his efforts in Jewish outreach by holding private meetings with rabbis and other community leaders across New York City.

These meetings aim to engage with individuals who oppose his stance on Israel, fostering dialogue and understanding despite differing views.

Through these conversations, Mamdani seeks to build bridges and address concerns within the Jewish community regarding his position on the issue.
https://www.nytimes.com/2025/10/16/nyregion/mandani-jews-israel-palestine.html

Deepika Padukone becomes Meta AI’s first Indian voice, joins global roster including Awkwafina, Judi Dench and more!

Deepika Padukone has created history by becoming the first Indian to lend her voice to Meta AI, the virtual assistant integrated into Meta’s ecosystem, including the Ray-Ban Meta smart glasses. She joins a prestigious global lineup of voices for the AI assistant, featuring Hollywood celebrities such as Awkwafina and Judi Dench.

This collaboration marks a powerful intersection of technology and culture, positioning Deepika as a bridge between global innovation and Indian identity. Meta announced that users in India will now be able to interact with Meta AI through Deepika’s voice, available in Indian English. Alongside this, the company introduced full Hindi language support and UPI Lite payments, making the experience more localized and personal.

The biggest talking point remains Deepika’s voice — warm, poised, and unmistakably familiar. Known for her global influence and grounded presence, Deepika brings authenticity and emotion to a space often dominated by synthetic tones. Her voice adds a human touch to artificial intelligence, turning digital interactions into something relatable and distinctly Indian.

For millions of users, hearing Deepika guide them through tasks or respond to questions adds a sense of comfort and connection rarely found in technology. This partnership also represents India’s growing significance in the global tech landscape. By featuring Deepika, Meta acknowledges India’s cultural power and linguistic diversity.

This move goes beyond mere convenience; it celebrates representation and the inclusion of an Indian identity within a global product. For Deepika, this step expands her influence beyond cinema into the realm of digital innovation. It’s another milestone in a career defined by versatility, intelligence, and impact.

With this collaboration, she becomes not just the voice of Meta AI but the voice of a new era where technology feels a little more human, and a lot more Indian.

**Also Read:**
Deepika Padukone’s 8-hour work rule sparks debate: Hansal Mehta, Hema Malini, and Sharmila Tagore weigh in

**BOLLYWOOD NEWS LIVE UPDATES**
https://www.bollywoodhungama.com/news/bollywood/deepika-padukone-becomes-meta-ais-first-indian-voice-joins-global-roster-including-awkwafina-judi-dench/

Leicester City vs Portsmouth Prediction and Betting Tips | October 18th 2025

Leicester City will lock horns with Portsmouth on Saturday as Championship action resumes following the October international break.

The two sides currently occupy opposite halves of the standings, setting the stage for an intriguing clash. Fans can expect an intense battle as both teams look to secure valuable points moving forward in the season.
https://www.sportskeeda.com/football/leicester-city-vs-portsmouth-prediction-betting-tips-october-18th-2025

Apex Mining resumes Maco mine activities after Davao quakes

MANILA, Philippines — Apex Mining Co. Inc. has resumed operations at its Maco mine in Davao de Oro as of Wednesday. This follows a temporary closure that was implemented due to recent earthquakes in the area.

The Razon Group’s listed mining company initially suspended operations at the Maco mine last week after receiving an order from the provincial government. The suspension was a precautionary measure to ensure safety and assess any potential damages caused by the seismic activity.

For more details on the recent developments, read: Ports tycoon Razon takes over Apex Mining.

https://business.inquirer.net/552832/apex-mining-resumes-maco-mine-activities-after-davao-quakes

温室ガス濃度、記録更新 化石燃料や山火事、WMO


title: 温室ガス濃度、記録更新 化石燃料や山火事が要因とWMO報告
date: 2025-10-16 06:43
categories: 社会, 科学・環境

世界気象機関(WMO)は15日、主な温室効果ガスである二酸化炭素(CO2)、メタン、一酸化二窒素の大気中の濃度が2024年に最高記録を更新したと発表しました。

この濃度上昇には、化石燃料の消費に加え、北半球・南半球で発生した大規模な山火事も大きく影響しているとされています。

WMOの発表は、地球温暖化問題の深刻さを改めて示すものであり、温室効果ガスの削減に向けた国際的な取り組みの強化が求められています。

(2025年10月16日、西日本新聞me)

※この記事は有料会員限定です。残り文字数:354文字
7日間無料トライアルや、1日37円の読み放題プラン、年払いプランもご用意しております。


https://www.nishinippon.co.jp/item/1411854/

ICC Women’s World Cup: Rain denies Pakistan victory over England

**ICC Women’s World Cup: Rain Denies Pakistan Victory Over England**

*By Rajdeep Saha | Oct 15, 2025 | 10:23 pm*

Rain played the ultimate spoilsport in Match 16 of the ICC Women’s World Cup 2025 held at R. Premadasa Stadium in Colombo on Wednesday. Pakistan showcased a dominant performance against England and appeared well poised for a memorable win. However, the weather had the final say, denying Pakistan a much-needed victory.

England posted a total of 133/9 in their 31 overs. In reply, Pakistan began strongly, reaching 34/0 with a revised target of 113 runs. Unfortunately, rain interrupted play once again and the match was ultimately declared a no result.

**Match Summary**

The match saw England struggling early, falling to 79/7 after 25 overs before rain forced a suspension of play. When play resumed, the innings was reduced to 31 overs per side. England battled back to finish with 133/9, recovering from 75/5 in the final six overs.

Pakistan’s openers got off to a promising start, scoring 34 runs in 6.4 overs. But just as they were building momentum, rain returned and the match was called off, leaving both teams sharing the points.

**Highlights**

England’s batting effort was marked by wickets falling at regular intervals, preventing them from posting a challenging total. The standout performer with the bat was Charlie Dean, who top-scored for England with 33 runs.

For Pakistan, skipper Fatima Sana was exceptional with the ball, claiming four wickets for 27 runs in 6 overs. Sadia Iqbal also impressed, taking 2/16 in her 6 overs, including 2 maidens. Pakistan’s bowling kept England in check before rain intervened.

**Points Table Update**

Following this match, England continue to lead the standings. They have remained unbeaten after four matches, accumulating 7 points with a superior net run rate (NRR) of +1.864, edging out Australia in second place.

On the other hand, Pakistan remain at the bottom of the table with just one point from three games (one no result and three losses). Their campaign will need a strong turnaround in the upcoming fixtures if they hope to climb the rankings.

Stay tuned for more updates from the ICC Women’s World Cup 2025.
https://www.newsbytesapp.com/news/sports/pakistan-and-england-women-s-world-cup-game-gets-washed-out/story