🌐 Global & Macro: The IMF warned that El Niño weather patterns could amplify shocks in global commodity markets, threatening prices, supply, and broader macroeconomic stability.
🏦 RWA & Institutional: Matrixport HK withdrew its Hong Kong VATP license application on October 12, a filing originally submitted to the SFC on February 26, 2024.
⚡ Crypto & Markets: Major Chinese polysilicon producers agreed on a price floor and output cuts at a Hangzhou closed-door meeting, aiming to curb below-cost dumping and align supply with demand.
💡 Key Takeaway: Climate risk and supply discipline are reshaping commodity markets, while Hong Kong’s crypto licensing landscape sees another strategic retreat.