Oil Traders Will Soon Test Trump’s Claim of a Russia-Ukraine Ceasefire...
In Brief Trump says Russia and Ukraine agreed to an immediate energy ceasefire. Short-term sellers in the crypto market lost $65.78 million in four hours as Bitcoin rose. Oil futures reopen on Sunday evening. Will they believe in a deal that nobody has confirmed? Read the original article “Oil Traders Will Soon Test Trump’s Claim of a Russia-Ukraine Ceasefire, but Bitcoin Reacted First” by Lockridge Okoth on pl.beincrypto.com
Elon Musk’s Starlink Faces a New Threat from Russia
In brief Four Russian military satellites tracked a Finnish satellite providing intelligence to Ukraine. Germany warns that Russia may use similar tactics to disrupt Elon Musk's Starlink. - Germany is preparing new satellite defense systems as tensions in space rise. Read the original article, “Elon Musk’s Starlink Faces a New Threat from Russia,” by Luis Blanco on pl.beincrypto.com
Meta stock warning? Zuckerberg sells $21 million in shares as insiders exit...
In short Meta shares fell 8% after Zuckerberg sold $21 million in stock. Meta insiders carried out 172 transactions, but most of the selling had been planned months in advance. - Wells Fargo sees nearly 40% upside potential, and the rise of artificial intelligence is key to Meta's forecasts. Read the original article Meta stock warning? Zuckerberg sells $21 million in shares as insiders leave the company by Lockridge Okoth on pl.beincrypto.com
Who Really Owns Bitcoin? Wall Street vs. Ordinary People
In brief Individuals still own about two-thirds of all the Bitcoin that will ever exist. ETFs, companies, and governments together own less than one-fifth of the supply. MicroStrategy and Metaplanet show that holding Bitcoin now requires cash, not just conviction. Read the original article Who Really Owns Bitcoin? Wall Street vs. Ordinary People by Lockridge Okoth at pl.beincrypto.com
France Wants to Tax Crypto Holders Before They Sell
In brief France wants to tax unrealized crypto gains when wealthy holders move abroad. The tax applies to portfolios worth more than EUR 800,000, including coins held in personal wallets. The committee approved this, then removed the entire tax section from the budget. Read the original article “France Wants to Tax Crypto Holders Before They Sell” by Lockridge Okoth on pl.beincrypto.com
Global Bank Stocks Fall as Bond Losses Top $326 Billion: Is Another SVB Looming ...
In Brief Bank stocks fell in the US, Europe, and Singapore as bond yields surged. US banks had $326.7 billion in unrealized bond losses at the end of June. The same problem brought down Silicon Valley Bank in 2023. Is this time different? Read the original article, “Global Bank Stocks Fall as Bond Losses Top $326 Billion: Is Another SVB Looming?”, by Lockridge Okoth on pl.beincrypto.com
Is the XRP Ledger vulnerable to AI? Avalanche founder warns of hidden flaws
In brief Avalanche founder Emin Gün Sirer claims that artificial intelligence could detect security vulnerabilities in the XRP Ledger. Sirer warned that attackers could exploit such bugs to steal billions of dollars before AI breaks widely used cryptography. Ripple CEO Brad Garlinghouse previously criticized Sirer for his claims about Ripple's popularity among banks. Read the original article, “Is the XRP Ledger vulnerable to AI? Avalanche founder warns of hidden flaws,” by Luis Blanco on pl.beincrypto.com
S&P 500 COVID vaccine maker’s stock has gained 600% this year
In brief A vaccine maker, not an AI company, is the S&P 500’s top performer in 2026. Gains in a cancer vaccine trial and inclusion in the Nasdaq-100 fueled the rally. Full test results will be released on October 24. The figures remain unknown. Read the original article “S&P 500 COVID vaccine maker’s stock has gained 600% this year” by Lockridge Okoth on pl.beincrypto.com
Mysterious Bets on Trump’s New Press Secretary Could Turn $173 Into $9,600
In brief Kalshi is investigating three bets placed before Trump announced his press secretary. Katie Zacharia had about a 1% chance on Kalshi before the news broke. One $19 bet is set to pay out $1,896, about 100 times the stake. Read the original article, “Mysterious Bets on Trump’s New Press Secretary Could Turn $173 Into $9,600,” by Lockridge Okoth on pl.beincrypto.com
Experienced Trader Issues Critical Warning About Gold Price
In brief Peter Brandt warns that gold could experience a sharp price correction. Gold could fall to $2,890 if support at $4,100–$4,200 is broken. China's continued gold purchases could help limit further losses. Read the original article “Experienced Trader Issues Critical Warning About Gold Price” by Luis Blanco on pl.beincrypto.com
Wall Street Pulls Money From Ethereum as Traders Open Short Positions
In brief Ethereum ETFs lost $56.1 million on October 9, marking the ninth consecutive day of outflows. BlackRock's ETHA fund accounted for every dollar withdrawn on Friday. Around $5 billion in short positions on Ethereum are sitting just above the price. Read the original article, “Wall Street Pulls Money From Ethereum as Traders Open Short Positions,” by Lockridge Okoth on pl.beincrypto.com
China Builds a National Blockchain Network: Will Bitcoin Benefit?
In brief China will build a national blockchain network as part of a new economic plan. The plan does not mention cryptocurrencies and warns officials about bubbles. Cryptocurrency trading remains illegal on the mainland. What role does Bitcoin play? Read the original article “China Builds a National Blockchain Network: Will Bitcoin Benefit?” by Lockridge Okoth on pl.beincrypto.com
One of Wall Street’s Top Hedge Funds Just Lost Its 44% Gain on AI Bets ...
In brief Lone Pine’s flagship fund fell 30% in the third quarter after gaining 44% through June. Bets on AI-related stocks, including Nebius and ASML, sharply reversed during the quarter. The fund ended September up just 0.6%, erasing nearly all its earlier gains. Read the original article, “One of Wall Street’s Top Hedge Funds Just Lost Its 44% Gain on AI Bets,” by Lockridge Okoth on pl.beincrypto.com
In brief Anthropic’s AI model sent Philadelphia police a false murder tip during testing. The police website flagged it as spam before any detective saw it. Anthropic blames unclear testing rules, while police criticize its two-month delay. Read the original article, “Claude AI sent police a false murder tip,” by Lockridge Okoth on pl.beincrypto.com
Crypto’s 10/10 Trauma: Did Traders Really Reduce Leverage Ahead of the Anniversary?
In brief Traders added leveraged bets during the 10/10 anniversary week instead of reducing them. Over $1 billion in bullish bets was liquidated as Bitcoin approached $80,000. Funding costs remain well below 2025 levels, but the Fear and Greed Index still signals greed. Read the original article “Crypto’s 10/10 Trauma: Did Traders Really Reduce Leverage Ahead of the Anniversary?” by Lockridge Okoth on pl.beincrypto.com
100 Billion XRP Supply Nearly Breached by 10-Year-Old Bug
In brief A hidden flaw in the XRP Ledger could have enabled spendable XRP to be created out of nothing. The bug likely dated back to 2015 and was discovered through a bug bounty program. Ripple's emergency patch bypassed the usual validator vote for the first time. Read the original article, “100 Billion XRP Supply Nearly Breached by 10-Year-Old Bug,” by Lockridge Okoth on pl.beincrypto.com
Trump Says Putin Will Send 4.8 Million Tonnes of Diesel: Will Prices Actually Fall?
In brief Trump claims Putin agreed to send 4.8 million tonnes of diesel. The Treasury Department issues a temporary sanctions license for Russian diesel. Russia’s own embargo on diesel exports remains in effect until October 31. Read the original article “Trump Says Putin Will Send 4.8 Million Tonnes of Diesel: Will Prices Actually Fall?” by Lockridge Okoth on pl.beincrypto.com
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