Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high

The SEC closed its investigation into BlackRock, Vanguard, and State Street's roles in the 2021 ExxonMobil shareholder revolt, issuing a report with warnings about coordinated climate campaigns. The SEC expressed concerns about their conduct as passive investors and advised reviewing reporting obligations. The report highlights potential loss of 13G eligibility for managers involved in influence campaigns, following earlier guidance on environmental and social issues.

Between October 6-8, 2026, five infrastructure layers for institutional stablecoins were completed, forming a stack to comply with the GENIUS Act. The reserve layer includes JPMorgan's JLTXX ($733.7M AUM) and BlackRock's BSTBL ($6.1B parent fund), with a 40% concentration limit. SAP integrated USDC and EURC into its ERP software, while Moody's and S&P provided stablecoin protocol ratings.

The US SEC cleared BlackRock, Vanguard, and State Street of charges related to climate activism at ExxonMobil's 2021 meeting. The SEC warned investors about stricter disclosure rules for coordinated shareholder campaigns, affecting compliance and reporting costs. ExxonMobil's 2021 vote saw Engine No. 1 secure board seats with support from these asset managers and Climate Action 100+.

BlackRock's GIP, CPP Investments, and AT&T are launching a US fibre venture. The joint venture combines AT&T's Forged Fiber 37 and Gigapower, with AT&T holding 50% and GIP/CPPIB the remaining 50%. The venture aims to support AT&T's goal of reaching 60m fibre locations by 2030, with executives highlighting the growing demand for high-speed connectivity.

The SEC warned asset managers that coordinating to influence companies may trigger stricter disclosure rules. This follows an investigation into BlackRock, Vanguard, and State Street's roles in the 2021 ExxonMobil board challenge. The SEC expressed concerns but took no action, advising caution to avoid activist investor regulations.

Broadcom is reportedly in early talks to secure $30B-$50B in debt financing for OpenAI's custom AI chips, according to Bloomberg and WSJ. Other AI companies, including Oracle and SpaceX, are also exploring debt financing for chip purchases. Broadcom has established the AI XPV Platform with Apollo and Blackstone to support AI infrastructure, starting with a $35B transaction for Anthropic.