ABN Amro reported quarterly profit that beat analysts’ estimates thanks to higher fees and growth in lending income, prompting the Dutch bank to raise the outlook for its biggest revenue source

Bond investors at firms including ABN AMRO Investment Solutions and Brandywine Global Investment Management are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates

Europe's institutional giants are officially joining forces on-chain! 🇪🇺🏦 Ten major European financial institutions have launched Regulated Layer One (RL1), an equal-governance blockchain cooperative designed specifically for tokenized assets, digital money, and capital market settlement. The latest KuCoin blog breaks down the launch of this massive institutional utility: 🏛️ A Jointly Governed Utility: Headquartered in Luxembourg, RL1 gives founding members like ABN AMRO, DekaBank, and Natixis CIB equal voting rights to prevent single-entity network dominance. 📈 Proven Transaction Record: Built on SWIAT's DLT infrastructure, the network goes live having already processed over €700 million across 50+ live transactions. 🔗 Ending Market Fragmentation: Moving beyond isolated bank pilots, RL1 creates a neutral, shared ledger to scale institutional tokenization and support broader European Central Bank digital finance initiatives. 🎯 Targeting Real-World Assets: The permissioned architecture is strictly optimized for capital markets—enabling immediate bond tokenization, RWA settlement, and near-real-time collateral mobility. The transition from experimental blockchain pilots to scalable, integrated capital market infrastructure has officially begun. Read the full breakdown here:

🚨🇨🇳 PENTAGON SHOCKED: CHINA SENDS MISSILE-ARMED TRAINER JETS TO INTERCEPT PHILIPPINE AIRCRAFT China has found a cheaper and more sustainable way to counter Philippine air patrols around Huangyan Dao: deploy missile-armed JL-10 trainer jets instead of wasting valuable flight hours on heavyweight fighters. For the first time, the PLA has publicly shown armed JL-10s taking the lead in driving Philippine aircraft away from the area. 🔸 Footage released by the PLA Southern Theater Command showed at least three twin-engine JL-10s carrying PL-5 short-range air-to-air missiles. 🔸 The jets tracked and locked onto three Philippine aircraft — a BN-2A Islander, C-208 and PA-31T — as Chinese pilots ordered them to leave the airspace around Huangyan Dao. 🔸 The Philippine aircraft fly far slower than modern fighters. The JL-10’s low-speed handling allows it to remain close to them for identification, monitoring and repeated warnings without struggling to maintain position. 🔸 Although developed primarily to train fighter pilots, the JL-10 can also conduct light combat missions and carry live weapons. It therefore provides far more firepower than the mission requires without consuming the flight hours of a frontline J-16. 🔸 Exact PLA operating costs are not public, but a smaller trainer should burn less fuel and place significantly less wear on its engines and airframe than a heavyweight fighter. 🔸 J-16 fighters and an H-6K bomber remained part of the wider operation, giving China heavier options if the situation escalated while the JL-10s handled the close interception. The Philippines is a U.S. treaty ally and plays a central role in Washington’s strategy of applying constant pressure on China in the South China Sea. But Beijing no longer needs to answer every cheap Philippine patrol with one of its most valuable combat aircraft. By assigning routine interceptions to missile-armed trainers while keeping heavier aircraft behind them, China can maintain pressure around Huangyan Dao at a lower cost and preserve its frontline fighters for more serious threats. Has China found a smarter way to counter Philippine patrols without wasting frontline fighter hours?

"Are the prompts secure? Is this being transferred to you? If it was so valuable, if I can make you a bn dollars, wouldn't I say, I'll make you a bn dollars and I want 30%? Why are they charging for tokens if it's so valuable? " - Palantir CEO Alex Karp