NewsSignals AI analysis·Cointelegraph·Oct 28, 2026

Canadian ‘crypto king’ case to go to jury as criminal trial winds down

Grade Bbearish AI signal

The criminal fraud trial of Canadian crypto figure Aiden Pleterski is heading to jury deliberations, bringing a high-profile case involving alleged digital-asset fraud closer to a verdict. Prosecutors allege Pleterski defrauded social media followers of about $30 million in 2021 and 2022, and a conviction could carry up to 14 years in prison. The outcome could intensify scrutiny of crypto-related fraud and reinforce concerns about investor protection across the digital-asset industry.

Bullish strength: 35/100

A jury verdict could bring greater clarity to a high-profile crypto fraud case.

Bearish strength: 65/100

The case involves allegations of approximately $30 million in digital-asset fraud.
The high-profile trial could intensify concerns about fraud and investor protection in the crypto industry.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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Key Market Events to Watch (All Times Beijing Time)

A packed macro and earnings calendar centers on U.S. Q3 GDP, September personal consumption expenditures (PCE) and weekly initial jobless claims, all scheduled for 20:30 Beijing time. The European Central Bank is set to announce its policy rates at 21:15 Beijing time, followed by ECB President Christine Lagarde's press conference at 21:45. The final October euro-area consumer confidence reading is scheduled for 18:00. Other scheduled events include Samsung Electronics' third-quarter earnings call at 09:00, TotalEnergies earnings before the European equity open, and earnings from Eli Lilly and Caterpillar before the U.S. equity market opens. Amazon, SanDisk, Intel, Strategy and Vale are scheduled to report after the U.S. market close. Ukraine's central bank is due to announce its rate decision at 20:00 Beijing time. ECB Governing Council members Kocher and Sleijpen are scheduled to speak in Vienna at 00:00 the following day, followed by Swiss National Bank Governing Board member Petra Tschudin at 01:00.

Asia Thu early: Nasdaq futures -0.85%; Alphabet A -10.7% AH; MSFT +3.9%.

Early Thursday Asia-Pacific trading showed divergence across U.S. equity futures and large-cap technology names. Nasdaq futures fell 0.85%, while S&P equity futures declined 0.2%. Small-cap index futures rose 0.3%. Alphabet A shares dropped 10.7% in after-hours U.S. trading. AI and data-infrastructure-linked names were also weaker: Nebius fell 4.8%, while SK Hynix ADRs and Oracle each declined 2.9%. Western Digital fell 2.4%, and Intel and SanDisk were down more than 2%. Elsewhere, Apple rose 0.2% and Meta gained 0.9%. Microsoft’s gain narrowed to 3.9%. The immediate market focus is whether weakness in semiconductors and data infrastructure broadens into index futures, alongside Microsoft’s role in AI sentiment.

Soybean basis bids remain largely steady

US Gulf soybean basis bids remained largely steady as traders assessed currency movements in Brazil that could shift global export demand away from US suppliers. The Brazilian real weakened slightly against the dollar, while exporters sold 120,000 metric tons of US soybeans for 2026/27 delivery, the first USDA-confirmed daily sale since October 22. A weaker real could increase Brazil's export competitiveness and pressure US soybean demand, although upcoming USDA sales data may clarify the strength of overseas buying.

Microsoft Sees Q2 Sales $96.000B-$97.100B vs $95.616B Est

Microsoft (NASDAQ: MSFT) forecast Q2 sales of $96.000 billion to $97.100 billion, versus an analyst estimate of $95.616 billion. Both the low and high ends of its guidance exceed the cited consensus forecast, making the Q2 sales outlook the key new catalyst for MSFT stock.