According to ChainCatcher citing Observer Network, Zhang Qingyu, abbot of Donglin Temple in Yilan, Taiwan, and his son Zhang Weifu, who has become a monk, are suspected of embezzling donations. During a search, investigators reportedly dug more than 10 iron chests containing gold and silver from gravel outside the meditation room; the metals were valued at more than 330 million New Taiwan dollars, or about 70 million yuan. Investigators said temple funds were transferred to private accounts and laundered through purchases of cryptocurrency, gold, and silver. The investigation is ongoing.

On Polymarket, the “Map 1 Winner” option for TheMongolz in the “Counter-Strike: TheMongolz vs. Natus Vincere - IEM Beijing Playoffs” event climbed to 69.5%, up from 33.5% one hour earlier, a 36% increase. According to ChainCatcher, the probability movement was tracked on the prediction market.

A potential strike at the Port of Los Angeles was deferred again after the union representing about 250 security workers at the busiest US ports agreed to continue labor contract negotiations for two more weeks, employers said, according to Bloomberg.

Russia is set to export pig iron from the Arctic port of Murmansk for the first time in 30 years, avoiding shipping routes in the Black Sea region targeted by Ukraine and adjusting cargo transport channels. According to Sina Finance, the port posted a video on Thursday showing pig iron being loaded, with a caption saying: “Operations at Murmansk port are in full swing: Changes to logistics in southern Russia have significantly increased cargo volumes here.” The port had announced on October 14 that it would handle pig iron shipments for the first time since 1996. The cargo is likely bound for Turkey; the European Union has banned imports of Russian pig iron since January 1 this year. Pig iron is a key raw material for the steel and cast-iron industries. Russia and Ukraine are the world’s two largest pig iron exporters after Brazil.

South Korean stocks fell as retail investors increased their U.S. stock purchases, with five trading days of net buying exceeding the total for August. According to Sina Finance, citing data released by the Korea Securities Depository’s SEIBro platform on the 7th, investors net bought $2.19753 billion in U.S. stocks from the 2nd through the 6th, equivalent to about 2.982 trillion won. That was more than August’s $1.96234 billion and over twice September’s $1.00128 billion, and equaled about 40% of the previous month’s $5.42312 billion total. During the same five sessions, investors net bought 4.2 trillion won in shares on the KOSPI main board, nearly matching their U.S. stock purchases. South Korean retail investors were net sellers of U.S. stocks in April and May, selling $468.93 million and $939.77 million, respectively. They turned to net buying in June and continued increasing purchases, with last month’s net buying reaching an 11-month high. The shift came as South Korean stocks retreated after failing to extend their gains from the first half of the year and the won strengthened from the 1,500-per-dollar range to the mid-1,300s, lowering the cost of converting won into dollars. Purchases were concentrated in Direxion Daily Semiconductor Bull 3X Shares (SOXL), which seeks three times the daily return of a semiconductor index. Investors net bought $1.62525 billion of SOXL from the 2nd through the 6th, more than 70% of total net U.S. stock purchases. They also net bought $497.05 million of Alphabet shares and $220.22 million of ProShares UltraPro QQQ (TQQQ), which seeks three times the daily return of the Nasdaq-100 Index. According to the Korea Financial Investment Association, brokerage investor deposit balances stood at 88.5338 trillion won as of the 5th, remaining below 100 trillion won for nearly a month since the 13th of last month. Margin debt was around 28 trillion won, at 28.7715 trillion won.

UK Growth Minister Dan Tomlinson said Britain would not slow its AI development despite a backlash against AI emerging in the United States during the midterm elections. According to Sina Finance, Tomlinson said in an interview that Britain should not assume it would replicate the polarized debate in the United States. Democratic candidates won major victories with campaign platforms that included tighter regulation and slower data center construction. Tomlinson said Britain could avoid a fierce debate over data centers and continue treating them as critical infrastructure. He added that the government had observed disorderly development in some parts of the United States and learned from it. He said Britain was taking a different approach, and its regulatory framework already included some of the oversight mechanisms sought by the victorious Democratic candidates.

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