INDIA CONSIDERS BANNING BITCOIN, ETHER IN FAVOR OF CBDC

One official said:

CBDCs can do whatever cryptos do. In fact, CBDCs have more benefits than cryptos, minus the risks associated with private cryptocurrencies

*India's regulators favor banning private cryptos like Bitcoin, citing CBDCs' advantages — However, the government will make a final decision after extensive consultation.

US Defence Secretary: There Is Evidence North Korean Troops Are In Russia [First U.S. Confirmation] — 3k NK soldiers move to Russia for Ukraine war, 10k troops to be dispatched by Dec: Earlier NIS [South Korea] Reported

Earlier: South Korea: We will gradually take countermeasures in line with the level of military cooperation between Russia and North Korea

NIGERIAN GOVERNMENT DROPS CHARGES AGAINST BINANCE EXECUTIVE: BBG

BINANCE'S GAMBARYAN DISCHARGED BY COURT ON HEALTH GROUNDS

CHINA WILL HAVE MORE THAN 1,000 NUCLEAR WARHEADS BY 2030: DIA

CHINA `FAR SURPASSED' EARLIER NUCLEAR WEAPON ESTIMATES: US

*S&P 500 DOWN 1.3%
*NASDAQ DOWN 1.8%

*BTC DOWN 1.7%
*GOLD DOWN 1.6%
*APPLE DOWN 3%
*NVIDIA DOWN 4%
*COINBASE DOWN 7%
*MICROSTRATEGY DOWN 6%

Lazarus hacking group exploited a Google Chrome zero-day [CVE-2024-4947] through a fake DeFi game targeting individuals in the crypto space. ⚠️

*Google issued a fix for CVE-2024-4947 on May 25, 2024

*Lazarus created a fake DeFi game website, this website contained a hidden script that exploited the zero-day vulnerability. Exploit was triggered when a user visited the website.

*Lazarus' exploit script corrupted Chrome's memory by leveraging the app's JIT compiler, Maglev, overwriting sections that eventually gave them access to the entire address space of Chrome's process. At this stage, the attackers could access cookies, authentication tokens, saved passwords, and browsing history: link

TESLA EARNINGS Q3:

*TESLA 3Q GROSS MARGIN 19.8%, EST. 16.8%
*TESLA 3Q ADJ EPS 72C, EST. 60C
*TESLA 3Q REV. $25.18B, EST. $25.43B
*NO CHANGE IN BITCOIN HOLDINGS

*TESLA +10% AFTER EARNINGS
*TESLA EXPECTS ROBOTAXI RIDE-HAILING APP LAUNCH FOR PUBLIC IN 2025

Binance Futures Will Launch USDⓈ-Margined GOATUSDT Perpetual Contract With up to 75x Leverage at 2024-10-24 13:30 (UTC): link

CRYPTO EXCHANGE KRAKEN PLANS TO LAUNCH ITS OWN LAYER 2 BLOCKCHAIN EARLY NEXT YEAR: BBG

*The Blockchain will be Called Ink and will use similar technology to Base [built on the OP stack].
*Developer testnet for Ink will go live later this year.

Coinbase Ventures's predictions for the future of Crypto x AI: link

*Coinbase Ventures's predict a future where AI agents will have their own crypto wallets to autonomously transact, access decentralized compute and data resources, or leverage stablecoins and/or their own token economy to pay humans and other agents to complete tasks necessary for their overall objective function. However, they do not believe crypto / blockchain technology is required to advance capabilities or solve emerging challenges in every layer of the AI tech stack. 

*Crypto x AI stack can be segmented into the following layers:

(1) Compute: networks focused on supplying latent GPU compute resources to AI developers

(2) Data: networks that enable decentralized access, orchestration, and verifiability of the AI data pipeline

(3) Middleware: networks/platforms that enable the development, deployment, hosting, and orchestration of AI models / agents

(4) Applications: user-facing products (B2B or B2C) that leverage onchain AI mechanisms

@infinityhedge

“the agent launched a token not me!”

agents aren’t sentient, they operate in a pre-defined framework

nothing wrong w/ knowingly buying vaporware, the danger is thinking it’s legit

TESLA SHARES EXTEND GAINS TO 20% — BEST DAY IN OVER A DECADE ON MUSK’S 2025 GROWTH PROJECTION

Binance Futures Will Launch USDⓈ-Margined MOODENGUSDT Perpetual Contract at 2024-10-25 10:00 (UTC): link

How likely are you to profit from trading memecoins?: TomDunleavy via Dune Data

Out of 4.2M+ pumpdotfun wallets Tracked:
*3% have made over $1k
*0.3% have made over 10k
*0.03% have made over $100k
*0.003% have made over $1M

More than 10k North Korean troops are reportedly headed to Ukraine to fight on Russia's behalf: Bloomberg Exclusive

*Substantial North Korean participation also increases the odds that South Korea provides arms to Ukraine and other Western capitals face more pressure to give Kyiv more

𝗦𝗢𝗟𝗔𝗡𝗔 𝗜𝗦 𝗡𝗢𝗪 𝗟𝗜𝗩𝗘 𝗢𝗡 𝗔𝗥𝗞𝗛𝗔𝗠

ARKHAM NOW SUPPORTS ON-CHAIN DATA ON THE SOLANA BLOCKCHAIN

*FEDERAL INVESTIGATORS PROBE CRYPTOCURRENCY FIRM TETHER: WSJ

*TETHER MAY FACE PENALTIES FOR DOING BUSINESS WITH GROUPS ON U.S. SANCTIONS LIST: WSJ

*US TREASURY HAS CONSIDERED SANCTIONING TETHER: WSJ

*TETHER SAYS HAD NO INDICATION FACING A BROADER PROBE: WSJ

*The criminal investigation is looking at whether the cryptocurrency has been used by third parties to fund illegal activities such as the drug trade, terrorism and hacking—or launder the proceeds generated by them: WSJ

*Criminal charges against Tether could be bad news for Cantor Fitzgerald, the brokerage firm that counts Tether as a major client. Cantor manages most of Tether's reserve assets, including more than $80B of Treasurys.

Tether CEO: As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.

Tether Statement: link

IRAN'S PRESIDENT PEZESHKIAN SAYS TEHRAN IS NOT LOOKING FOR WAR, BUT WILL RESPOND 'APPROPRIATELY' TO ISRAEL'S ATTACK - STATE MEDIA

The Week Ahead | @infinityhedge

Macro:
*U.S. GDP (QoQ) (Q3) on 30
*BOJ Meeting on 31 [widely expected to keep interest rates unchanged on 31, Most BOJ Watchers Expect Another Rate Hike by Jan 2025]
*US PCE on 31
*US NFP & Unemployment Rate on Nov 1
*FED Enters Pre-FOMC Meeting Blackout Period Ahead of Nov. 6-7 Policy Meeting
*Oil Majors Exxon, Chevron, Shell, TotalEnergies and BP are collectively expected to post a 12% profit decline from the Q2.

Earnings: ~20% of S&P 500 Companie to Report Earnings
*Google, AMD, Paypal, VISA, MCD, Snap, Reddit, BP on 29
*Coinbase, MicroStrategy, Robinhood, Microsoft, Meta on 30
*Apple, Amazon, Intel, Uber, Roblox, Block, Shell, on 31
*Exxon, Chevron on Nov. 1

Crypto:
*Closed Alpha for Wayfinder begins on 28
*GRASS Airdrop One Claims on 28
*MakerDAO Brand Recenter Proposal as an Atlas Edit to be voted on from Oct. 28
*Stacks’s Nakamoto Upgrade on 29
*TechCrunch Disrupt 2024 [28-30]
*Chainlink’s SmartCon [30-31]
*Binance Blockchain Week, Dubai [30-31] [CZ will be attending the event]
*Hong Kong FinTech Week [Oct. 28-Nov 1]
*Doge Day on Nov. 2

Token Unlocks:
$OP: $50M: 2.5% on 31
$TIA: $900M: 80% on 30
$SUI: $100M: 2.5% on Nov. 1
$IMX: $40M: 2% on 1
$ZETA: $35M: 11.9% on 1
$MEME: $50M: 13% on 3

Iran vs Israel: ‘This will not be the last attack – it’s become normalised’ ?
*Israel struck Iran's military targets while avoiding oil infrastructure. Israel claims they damaged Iran's missile production capabilities. Officials hope the attack hurt Iran just enough, but not so much that Tehran will respond with yet another attack. Iran initially didn’t immediately vow to respond. Instead, it played down but later on some iranian Officials including president said that we will “give an appropriate response” to the strikes.
So, now Two likely scenarios ahead:
-Everyone acts cool about it, downplays stuff, moves on
-ego’s gets bruised, hits back harder, and markets go crazy

What Bloomberg Economics Says:
“We expect October’s US payrolls report to show the first negative jobs print since December 2020, well below the consensus forecast of 120k. Much of the weakness is due to weather-related disruptions, but we also see a slowdown in cyclical sectors.

Earnings/Charts/Articles ⬎