Key Takeaways
- Tesla (TSLA) shareholders are set to vote on November 6 on a proposed $1 trillion compensation package for Elon Musk and his board term, amidst significant investor scrutiny.
- Binance attributed recent crypto market volatility to broader market conditions, while confirming brief technical glitches and temporary de-pegging issues for specific assets, for which it has compensated affected users.
- An Israel hostage deal is progressing, with the first group of hostages reportedly scheduled for release at 8 a.m. local time tomorrow (October 13, 2025), followed by a second batch.
Tesla's Trillion-Dollar Pay Package Faces Shareholder Vote
Tesla (TSLA) has formally requested its shareholders to vote on Elon Musk’s compensation package and his board term during an upcoming meeting on November 6. This proposed "2025 CEO Performance Award" could potentially be valued at up to $1 trillion, making it one of the largest compensation packages in corporate history.
The proposal has already drawn considerable attention and pushback from some investors and state officials, who are urging other shareholders to vote against it. Critics argue that the board, which approved an interim compensation package earlier this year, has close ties to Musk and has failed to provide objective oversight.
Binance Addresses Recent Crypto Volatility and Technical Glitches
Cryptocurrency exchange Binance has issued statements addressing recent market volatility, clarifying that the turbulence was primarily driven by overall market conditions rather than internal platform issues. The company acknowledged that it experienced brief technical glitches in certain platform modules and that some assets faced temporary de-pegging issues.
Binance confirmed that these de-pegging incidents affected specific assets, including USDE, BNSOL, and WBETH, triggering forced liquidations for some users. The exchange stated it has already compensated affected users within 24 hours of the event and remains committed to transparently and responsibly addressing such issues. The volatility occurred between 20:50 and 22:00 (UTC) on October 10, 2025, following global macroeconomic events.
Israel Hostage Deal Progresses with Imminent Release
In a significant development, Israeli Army Radio reports that the first group of hostages is expected to be released at 8 a.m. local time tomorrow, which is October 13, 2025. A second batch of hostages is anticipated to follow soon after the initial release.
This progress comes amidst ongoing efforts to secure the return of all captives. Reports also indicate that discussions for the second phase of the ceasefire agreement are expected to commence once the hostages are freed. Israeli helicopters are reportedly preparing for the hostage release on Monday.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.