Business briefing — October 9, 2026.

Oracle shares fall as reported OpenAI revenue figure resets expectations

Oracle closed down 5.48% at $135.69 on October 8 after the Financial Times reported OpenAI’s annualised revenue was approaching $50 billion at September’s end, below the $68–70 billion figures circulating late in September. The report says the larger figure did not come from OpenAI and may reflect a gross-versus-net revenue comparison, so it does not establish that OpenAI missed a target. Oracle was also reported to be discussing a chip-financing structure with Apollo and Goldman Sachs, while its long-term debt exceeds $160 billion, according to figures cited in the report.

What changed Oracle’s long-term debt has nearly doubled over two years, while quarterly capital spending rose from $2.3 billion to $28.5 billion, increasing the financing burden behind its expansion.

Why it matters For Oracle shareholders and creditors, the concentration makes OpenAI’s ability to fund its commitments a material collection-risk question, not merely a debate over revenue definitions.

What to watch next The chip-leasing structure’s size, lease rate and accounting treatment remain unresolved. A deal this year is a reported target, not a confirmed closing.

Webull shares remain under pressure after US House committee report on China ties

Webull closed at $5.95 on October 8, about 18% below its pre-report close, after the House Select Committee on China issued findings about the broker’s ownership, workforce, technology and data links to China. The committee’s report is not an enforcement order, and it has no power to fine or shut down the company; Webull disputes the findings and says its US business is run domestically and US customer data is stored in the United States. The supplied report says no regulator had announced action as of October 8.

What changed An investigation begun in December 2024 has progressed to published findings challenging the relationship between Webull’s American branding and its operating structure.

Why it matters Webull’s dependence on US customers means any resulting account departures or operating restrictions could affect most of its revenue base; neither outcome is established.

What to watch next Whether an agency with enforcement powers takes up the findings remains open; the source reports no announced action as of October 8.

Binance to restrict services and remove 22 tokens for Brazilian customers

Binance says it will restrict eight products and end trading access to 22 tokens for Brazilian customers from October 27 as it adjusts local operations to comply with Central Bank of Brazil rules. Eligible customers are due to migrate to local operating entities by October 29; international crypto transfers will require additional transaction and counterparty information from November 1. The changes narrow product availability but do not amount to a full withdrawal from Brazil, where spot trading and other permitted services will remain.

Why it matters Existing Brazilian margin borrowers would lose flexibility to manage exposure because they cannot add collateral or borrow more, even where their positions remain open.

What to watch next Implementation is scheduled in stages: product restrictions on October 27, account migration on October 29 and additional international-transfer requirements on November 1.

Coinbase to custody USDC balances in Samsung Wallet ahead of US launch

Coinbase Prime will provide custody infrastructure for USDC balances in Samsung Wallet, which is preparing a US launch in the final week of October; Bastion is also involved in the regulated infrastructure. Samsung provides the consumer interface and distribution, rather than directly holding the digital dollars. Coinbase’s cited reach of more than 82 million US Galaxy users is a potential audience, not evidence of funded accounts or payment adoption.

What changed The announcement resolves the previously unspecified custody role by adding Coinbase Prime to the existing infrastructure chain, rather than displacing the other providers.

Why it matters Coinbase can reach customers through another company’s interface, broadening its infrastructure business while leaving it with less control over the consumer experience.

What to watch next The US launch is planned for the final week of October. The allocation of liabilities and revenue among the partners remains undisclosed.

NAGA raises $8 million through convertible bond with 8% coupon

The NAGA Group secured an $8 million investment from Presto and MDream through a 36-month convertible bond carrying an 8% annual coupon and a conversion price of $4.2615, which the report says implies a roughly $99.2 million pre-money valuation. CEO Octavian Patrascu committed to transfer up to 762,742 of his shares to the investors without charge if conversion occurs at a reduced price, and the investors can nominate a Supervisory Board candidate following conversion. The companies are also slated to work with NAGA on risk management, execution, infrastructure, wallet and payment capabilities.

Why it matters NAGA gains cash but takes on a recurring interest obligation; conversion would also give the investors a formal route to seek board representation.

What to watch next The reported next operational steps are Presto’s work on trading systems and risk management, and MDream’s wallet and payment development; no delivery dates are supplied.

Aptos plans to lock 210 million APT and cut staking rewards

The Aptos Foundation has outlined tokenomics changes under governance-approved proposal AIP-140, including permanently staking 210 million APT without selling or distributing the principal and reducing annual staking rewards from 5.19% to 2.6%. The plan also sets a 2.1 billion APT supply ceiling and raises transaction fees, which are burned; the Foundation says about 1.9 million APT has been burned since launch. A possible token buyback remains under consideration, not a finalized program, and the report says any net reduction in supply would depend on actual network activity.

What changed The framework replaces uncapped issuance with a 2.1 billion APT ceiling, although further governance authorization could permit issuance beyond it.

Why it matters Validators and delegators face lower staking income under the proposed reward cut—the counterpart to reducing new token issuance.

What to watch next The initial investor and contributor vesting cycle concludes in October 2026. The Foundation projects lower annualized unlocks afterward, a separate change from the staking-reward cut.