"It sounds great, but it looks complicated." That's what you told us after last week's multisig video. So here's the whole thing, step by step: a 2-of-3 on Bitcoin and on Ethereum, no company holding a key, no subscription. About an afternoon 👇
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🏦 Bank of Israel rejects Netanyahu's crypto sanctions plan
The Bank of Israel has publicly said no to a proposal from Prime Minister Benjamin Netanyahu to use crypto to get around possible international financial sanctions, the Financial Times reports.
The idea came from a contingency plan for Israel's banking system. Blockchain was one of the options on that list.
The sanctions in the report are potential ones, not measures already in force.
The objection came from the central bank itself, and it was made in public.
The Bank of Israel has publicly said no to a proposal from Prime Minister Benjamin Netanyahu to use crypto to get around possible international financial sanctions, the Financial Times reports.
The idea came from a contingency plan for Israel's banking system. Blockchain was one of the options on that list.
The sanctions in the report are potential ones, not measures already in force.
The objection came from the central bank itself, and it was made in public.
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Your bank can't tell if it's you or an AI logging in. JPMorgan, BofA and Wells Fargo are scrambling.
Same week, governments switched off their own websites. And the US now pays $2.9 BILLION a day just in interest.
This week was a dress rehearsal 👇
Same week, governments switched off their own websites. And the US now pays $2.9 BILLION a day just in interest.
This week was a dress rehearsal 👇
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⚖️ SEC puts tokenization on its 2027 exam list
The SEC's exam division published its fiscal 2027 priorities on Oct. 23. Tokenized securities are on the risk list for clearing agency and Regulation SCI reviews. The list changes no rules.
The SEC's exam division published its fiscal 2027 priorities on Oct. 23. Tokenized securities are on the risk list for clearing agency and Regulation SCI reviews. The list changes no rules.
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🚨 CoinDCX denies hack after $16M traced out of linked addresses
CoinDCX, India's largest crypto exchange, says none of its active wallets were compromised. The denial follows on-chain sleuths tracing roughly $16 million leaving addresses connected to the exchange.
CoinDCX says om January 2025, were compromised in its July 2025 hack and have sat unused by the exchange ever since. Its spokesperson said current central and user addresses "have not been impacted."
An investigator disputes the unused part. By that account, at least one of the old addresses was still taking in deposits and transacting with the exchange's present wallet in 2026.
A compromised address is one whose keys someone other than the exchange may hold. Coins sent to it after the breach are exposed.
CoinDCX also concedes that its system for collecting deposits from retired addresses broke down for a period and caused losses. It says affected users were credited and the exchange covered the losses itself. The statement quoted gives no figure for them.
CoinDCX, India's largest crypto exchange, says none of its active wallets were compromised. The denial follows on-chain sleuths tracing roughly $16 million leaving addresses connected to the exchange.
CoinDCX says om January 2025, were compromised in its July 2025 hack and have sat unused by the exchange ever since. Its spokesperson said current central and user addresses "have not been impacted."
An investigator disputes the unused part. By that account, at least one of the old addresses was still taking in deposits and transacting with the exchange's present wallet in 2026.
A compromised address is one whose keys someone other than the exchange may hold. Coins sent to it after the breach are exposed.
CoinDCX also concedes that its system for collecting deposits from retired addresses broke down for a period and caused losses. It says affected users were credited and the exchange covered the losses itself. The statement quoted gives no figure for them.
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🚨 BREAKING: Sen. Blumenthal demands records on Tether payments to Bo Hines' firm
Reports say Nxum Group, which Hines co-founded, received millions while he was a White House crypto adviser. He now runs Tether's US arm. Blumenthal calls the arrangement "highly unusual".
Reports say Nxum Group, which Hines co-founded, received millions while he was a White House crypto adviser. He now runs Tether's US arm. Blumenthal calls the arrangement "highly unusual".
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🚨 BREAKING: GOVERNMENTS ARE PULLING THE PLUG ON THE INTERNET.
Here's what happened.
Two critical flaws were found in PHP, the code behind roughly 70% of all websites.
Amazon caught someone exploiting it 4 days BEFORE the public was warned.
Cloudflare is now seeing MILLIONS France and Finland switched off government services.
The Paris police website went dark.
The foundation behind Wikipedia took its own systems offline.
The NSA told every organisation: patch now or pull the plug.
That's one story. From one week.
Railway, a cloud platform apps run on, says customers' secret keys and passwords may have been exposed. Every deployment frozen.
SBI, India's biggest bank, confirmed customer data is on the dark web.
16 South Korean banks and lenders hit. 100,000 records leaked.
One Google data centre in London lost power and Revolut went down for hours.
Sound familiar?
2020. Something terrifying spreads. Governments shut everything down "for your safety."
You're locked out of normal life and told to wait two weeks.
This week they did it to websites.
What happens when it's your bank app?
Your money is a number on someone else's server.
If that server goes dark, so does your money.
Bitcoin in your own wallet doesn't live on their server.
No bank login. No data centre. Nobody to switch it off.
Get your coins off exchanges. Back up your seed.
Have a Plan A, B, C before you need one.
Here's what happened.
Two critical flaws were found in PHP, the code behind roughly 70% of all websites.
Amazon caught someone exploiting it 4 days BEFORE the public was warned.
Cloudflare is now seeing MILLIONS France and Finland switched off government services.
The Paris police website went dark.
The foundation behind Wikipedia took its own systems offline.
The NSA told every organisation: patch now or pull the plug.
That's one story. From one week.
Railway, a cloud platform apps run on, says customers' secret keys and passwords may have been exposed. Every deployment frozen.
SBI, India's biggest bank, confirmed customer data is on the dark web.
16 South Korean banks and lenders hit. 100,000 records leaked.
One Google data centre in London lost power and Revolut went down for hours.
Sound familiar?
2020. Something terrifying spreads. Governments shut everything down "for your safety."
You're locked out of normal life and told to wait two weeks.
This week they did it to websites.
What happens when it's your bank app?
Your money is a number on someone else's server.
If that server goes dark, so does your money.
Bitcoin in your own wallet doesn't live on their server.
No bank login. No data centre. Nobody to switch it off.
Get your coins off exchanges. Back up your seed.
Have a Plan A, B, C before you need one.
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🚨 BREAKING: Central Bank of Ireland fines Coinbase's Irish unit €3.25M
The penalty is for failing to properly protect customer funds, with a safeguarding shortfall of up to €5.2M in 2024. The sanctions take effect only once the High Court confirms them.
The penalty is for failing to properly protect customer funds, with a safeguarding shortfall of up to €5.2M in 2024. The sanctions take effect only once the High Court confirms them.
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🚨 BREAKING: Chinese prosecutors move to seize over 61,800 BTC
The coins are tied to an alleged $5.7B fraud by Qian Zhimin's company that drew in over 102,000 investors. Days before, a British court ruled Chinese law decides victims' claims.
The coins are tied to an alleged $5.7B fraud by Qian Zhimin's company that drew in over 102,000 investors. Days before, a British court ruled Chinese law decides victims' claims.
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Something odd is going on under this market.
BlackRock just had its biggest Bitcoin day in a YEAR: $665M.
Stablecoins: down $2.6B in a week. Crypto's own money is leaving.
Americans owe brokers $1.48 TRILLION. Nearly 5x the dot-com peak.
No leverage. DCA on the red days. 👇
BlackRock just had its biggest Bitcoin day in a YEAR: $665M.
Stablecoins: down $2.6B in a week. Crypto's own money is leaving.
Americans owe brokers $1.48 TRILLION. Nearly 5x the dot-com peak.
No leverage. DCA on the red days. 👇
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📰 SpaceX and Tesla explore merger, combining 30,221 BTC
Committees of independent directors at both firms are weighing a tie-up, Elon Musk said. No terms are agreed. He holds about 36% of SpaceX and 19.8% of Tesla, which keeps him off both committees.
Committees of independent directors at both firms are weighing a tie-up, Elon Musk said. No terms are agreed. He holds about 36% of SpaceX and 19.8% of Tesla, which keeps him off both committees.
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🚨 What Tornado Cash does to the Drift exploiter's trail
The wallet behind the Drift Protocol exploit has put another 24,885 ETH, worth $61.3M, into Tornado Cash, according to Lookonchain. It still holds 56,569 ETH, valued at $139.3M. More than $270M was taken in the attack.
a mixer, every move is public. Anyone can watch the exploiter's wallet, and exchanges can flag deposits that come from it.
Tornado Cash breaks that trail. Users deposit ETH in fixed amounts into a shared pool and receive a private note. Later, the note withdraws the same amount to a new address. A cryptographic proof shows that a deposit was made, but not which one.
Trackers can still see ETH going in. They lose sight of where it comes out, because any withdrawal could belong to any depositor in the pool.
That is why the 56,569 ETH still in the wallet matters. While it sits there, it can be followed. Once it is mixed, it becomes much harder to recover for the people who lost funds in the Drift attack.
The wallet behind the Drift Protocol exploit has put another 24,885 ETH, worth $61.3M, into Tornado Cash, according to Lookonchain. It still holds 56,569 ETH, valued at $139.3M. More than $270M was taken in the attack.
a mixer, every move is public. Anyone can watch the exploiter's wallet, and exchanges can flag deposits that come from it.
Tornado Cash breaks that trail. Users deposit ETH in fixed amounts into a shared pool and receive a private note. Later, the note withdraws the same amount to a new address. A cryptographic proof shows that a deposit was made, but not which one.
Trackers can still see ETH going in. They lose sight of where it comes out, because any withdrawal could belong to any depositor in the pool.
That is why the 56,569 ETH still in the wallet matters. While it sits there, it can be followed. Once it is mixed, it becomes much harder to recover for the people who lost funds in the Drift attack.
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📰 JPMorgan models bitcoin at $215,300 in ten years
JP Morgan Asset Management's 2027 outlook, released Oct. 19, sets a 10% yearly base case from $83,000. The bull case is $385,500, the bear case $25,300. It is the first bitcoin scenario in the report's 31 years
JP Morgan Asset Management's 2027 outlook, released Oct. 19, sets a 10% yearly base case from $83,000. The bull case is $385,500, the bear case $25,300. It is the first bitcoin scenario in the report's 31 years
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IS THE LARGEST MARGIN CALL IN HISTORY IS ABOUT TO HAPPEN?
Americans now owe $1.48 TRILLION in margin debt. Money borrowed from their brokers to buy stocks.
June set the all-time high at $1.50 trillion. September sits less than 2% below it.
Now compare.
Dot-com bubble peak, n.
Right before 2008, July 2007: $416 billion.
Today is nearly 5x the dot-com peak. 3.6x the 2008 peak.
"But inflation." Fine. Adjust for it and it's still 2.5x the dot-com peak and 2.2x 2008.
"But the economy is bigger." Fine. Margin debt is now 4.5% of US GDP. In 2000 it was 3.0%. In 2007 it was 2.9%.
There is no way to measure this where it looks okay.
It's up 74% in 17 months. It broke its own record 12 times since January 2025.
And the cash sitting in those brokerage accounts? $434 billion. The debt is more than 3x the cash.
Here's what happened last time.
After 2000, margin debt collapsed 55%.
In 2008, it collapsed 52%.
That collapse IS the margin call. Prices drop, brokers demand cash, you can't pay, they sell your stocks for you. That selling pushes prices lower. Which triggers the next margin call.
Halve today's number and that's $740 billion of leverage being ripped out of the market.
And when it breaks, you already know the playbook.
Americans now owe $1.48 TRILLION in margin debt. Money borrowed from their brokers to buy stocks.
June set the all-time high at $1.50 trillion. September sits less than 2% below it.
Now compare.
Dot-com bubble peak, n.
Right before 2008, July 2007: $416 billion.
Today is nearly 5x the dot-com peak. 3.6x the 2008 peak.
"But inflation." Fine. Adjust for it and it's still 2.5x the dot-com peak and 2.2x 2008.
"But the economy is bigger." Fine. Margin debt is now 4.5% of US GDP. In 2000 it was 3.0%. In 2007 it was 2.9%.
There is no way to measure this where it looks okay.
It's up 74% in 17 months. It broke its own record 12 times since January 2025.
And the cash sitting in those brokerage accounts? $434 billion. The debt is more than 3x the cash.
Here's what happened last time.
After 2000, margin debt collapsed 55%.
In 2008, it collapsed 52%.
That collapse IS the margin call. Prices drop, brokers demand cash, you can't pay, they sell your stocks for you. That selling pushes prices lower. Which triggers the next margin call.
Halve today's number and that's $740 billion of leverage being ripped out of the market.
And when it breaks, you already know the playbook.
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🚨 BREAKING: Reports say a US-Iran "breakthrough" is coming this week.
Remember June?
Trump: "The Deal with the Islamic Republic of Iran is now complete."
Four months later:
- Hormuz still choked.
- Oil at $110.
- And RTX just posted a RECORD $340 billion backlog.
Deals get nd.
The weapons makers never lose.
Remember June?
Trump: "The Deal with the Islamic Republic of Iran is now complete."
Four months later:
- Hormuz still choked.
- Oil at $110.
- And RTX just posted a RECORD $340 billion backlog.
Deals get nd.
The weapons makers never lose.
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🚨 BREAKING: BlackRock's IBIT logs its biggest daily inflow since October 2025
IBIT took in $665 million on Monday. Outflows from Fidelity's fund (FBTC, -$83.6M) and Grayscale's (GBTC, -$54.9M) left spot Bitcoin ETFs at +$526.7M net for the day.
IBIT took in $665 million on Monday. Outflows from Fidelity's fund (FBTC, -$83.6M) and Grayscale's (GBTC, -$54.9M) left spot Bitcoin ETFs at +$526.7M net for the day.
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🚨 BREAKING: BlackRock files for PBIT, a Bitcoin ETF built on IBIT options
The fund would hold options on IBIT rather than bitcoin, aiming to keep losses near 10% per tranche while capping gains
It would be BlackRock's third Bitcoin ETF
The fund would hold options on IBIT rather than bitcoin, aiming to keep losses near 10% per tranche while capping gains
It would be BlackRock's third Bitcoin ETF
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The Fed meets on 28 October and it's trapped.
Inflation: 3.7%
Wholesale inflation: 6.3%
Textbook answer: hike.
But Washington owes $40.4 trillion.
Every 1% on that is about $400 billion a year in extra interest once it rolls over.
So what do they protect?
Your savings, or S pick the debt.
That's what Bitcoin is for.
Inflation: 3.7%
Wholesale inflation: 6.3%
Textbook answer: hike.
But Washington owes $40.4 trillion.
Every 1% on that is about $400 billion a year in extra interest once it rolls over.
So what do they protect?
Your savings, or S pick the debt.
That's what Bitcoin is for.
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Richard Heart arrested in Istanbul. $7.15M in cash, seven guns, 1,400 rounds... and SIX cold wallets. At least he got that part right.
Meanwhile Bank of America gets fined $1.2B in a quarter it made $6.9B. Nobody goes to jail.
One rule for them. Another for you.
Meanwhile Bank of America gets fined $1.2B in a quarter it made $6.9B. Nobody goes to jail.
One rule for them. Another for you.
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The US government just paid $1.05 TRILLION in interest in one year.
That's $2.9 billion a day.
More than the entire military budget.
19 cents of every tax dollar, gone before a single road gets fixed.
And it only goes up from here.
The average rate on the debt is 3.53%. A 5.07%.
Every bond that rolls over gets more expensive.
Nobody is paying this back. They'll print it back.
That's $2.9 billion a day.
More than the entire military budget.
19 cents of every tax dollar, gone before a single road gets fixed.
And it only goes up from here.
The average rate on the debt is 3.53%. A 5.07%.
Every bond that rolls over gets more expensive.
Nobody is paying this back. They'll print it back.
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🛠️ How JPM Coin works on Ethereum
JPM Coin is a deposit token: each unit is a dollar on deposit at JPMorgan, recorded on Ethereum. The network is public; the token is not. Only approved counterparties can hold or receive it, so JPMorgan still decides who transacts.
JPM Coin is a deposit token: each unit is a dollar on deposit at JPMorgan, recorded on Ethereum. The network is public; the token is not. Only approved counterparties can hold or receive it, so JPMorgan still decides who transacts.
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One seed. One device. One company's code. If any one of them fails, there's no second line of defence.
Multisig fixes that, and it's far less daunting than it sounds. Here it is in plain English 👇
Multisig fixes that, and it's far less daunting than it sounds. Here it is in plain English 👇
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🚨 Qubic pauses its network after wallets lose $1.3 million
Qubic has paused its network following a drain of wallets worth $1.3 million. The project says 87.1% of the affected QU is still immobilized on-chain, and the exchange MEXC froze the account that received the remainder.
Qubic has paused its network following a drain of wallets worth $1.3 million. The project says 87.1% of the affected QU is still immobilized on-chain, and the exchange MEXC froze the account that received the remainder.
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When interest rates peaked, a 3-month US Treasury bill paid 5.63%.
The average US savings account paid 0.57%.
On $10,000 that's $563 a year versus $57. The gap is what your bank earns on your money.
A new paper from the Bank for International Settlements (the bank central le question: when banks pay you that little, do people move their money into stablecoins instead?
They looked at every week from 2019 to mid 2025. Over that time stablecoins grew from under $5 billion to over $220 billion.
The answer is yes, and the effect is bigger than you'd expect.
Savings rates barely move. Banks hardly change them at all until the Fed's rate goes above about 3%. So even a tiny weekly rise of 0.01% counts as a big move.
When one happens, stablecoin growth over the next ten weeks drops by about a fifth. In their stronger estimate, by more than half.
Put simply, stablecoins grow fastest when your bank is underpaying you.
A few other things stood out.
It's mostly Americans switching. USDC, which US businesses use, reacted more than twice as much as Tether, which is mostly used overseas.
It isn't crypto hype. When they ran the same test on the rest of the crypto market, Bitcoin included, nothing happened. Only stablecoins responded to bank rates.
So what do they suggest? At the end of the paper they list two things for regulators to weigh.
First, making stablecoin companies keep some of their reserves as deposits in banks. They admit the downside: it would pile large uninsured deposits into a small number of banks.
Second, "whether issuers may remunerate holders." In other words, whether stablecoins should be allowed to pay you interest at all.
Their final sentence:
"How that boundary settles will depend on the returns each form of money is allowed to offer."
Read that twice. What your savings earn is turning into a policy decision.
There's one more line that's easy to miss. Early on, the authors point out that central banks spent years studying how their own digital currency, a CBDC, would pull money out of banks. Stablecoins, they say, now let them study "a closely related mechanism" using money people already hold.
That's why we see stablecoins as a CBDC in all but name. A digital dollar, backed by reserves at banks, with its interest set by regulators and an issuer that can freeze it. The main difference is whose logo is on it.
Bitcoin was the one thing in this paper that didn't move. No issuer, no reserves, and no interest rate for anyone to approve.
What is your savings account paying right now?
The average US savings account paid 0.57%.
On $10,000 that's $563 a year versus $57. The gap is what your bank earns on your money.
A new paper from the Bank for International Settlements (the bank central le question: when banks pay you that little, do people move their money into stablecoins instead?
They looked at every week from 2019 to mid 2025. Over that time stablecoins grew from under $5 billion to over $220 billion.
The answer is yes, and the effect is bigger than you'd expect.
Savings rates barely move. Banks hardly change them at all until the Fed's rate goes above about 3%. So even a tiny weekly rise of 0.01% counts as a big move.
When one happens, stablecoin growth over the next ten weeks drops by about a fifth. In their stronger estimate, by more than half.
Put simply, stablecoins grow fastest when your bank is underpaying you.
A few other things stood out.
It's mostly Americans switching. USDC, which US businesses use, reacted more than twice as much as Tether, which is mostly used overseas.
It isn't crypto hype. When they ran the same test on the rest of the crypto market, Bitcoin included, nothing happened. Only stablecoins responded to bank rates.
So what do they suggest? At the end of the paper they list two things for regulators to weigh.
First, making stablecoin companies keep some of their reserves as deposits in banks. They admit the downside: it would pile large uninsured deposits into a small number of banks.
Second, "whether issuers may remunerate holders." In other words, whether stablecoins should be allowed to pay you interest at all.
Their final sentence:
"How that boundary settles will depend on the returns each form of money is allowed to offer."
Read that twice. What your savings earn is turning into a policy decision.
There's one more line that's easy to miss. Early on, the authors point out that central banks spent years studying how their own digital currency, a CBDC, would pull money out of banks. Stablecoins, they say, now let them study "a closely related mechanism" using money people already hold.
That's why we see stablecoins as a CBDC in all but name. A digital dollar, backed by reserves at banks, with its interest set by regulators and an issuer that can freeze it. The main difference is whose logo is on it.
Bitcoin was the one thing in this paper that didn't move. No issuer, no reserves, and no interest rate for anyone to approve.
What is your savings account paying right now?
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📈 Spot Bitcoin ETFs post -$228.4M net over five trading days
Spot Bitcoin ETFs had a net outflow of $228.4M across the five trading days from Oct. 12 to Oct. 16. Only two of those five days were green.
One day accounts for the week's net outflow. Oct. 14 saw -$261.4M, more et figure. The other four days together came to +$33.0M.
The latest day, Friday, Oct. 16, added another -$82.4M of outflow.
Bitcoin is at $81,587.80, down 1.45% over seven days.
Spot Bitcoin ETFs had a net outflow of $228.4M across the five trading days from Oct. 12 to Oct. 16. Only two of those five days were green.
One day accounts for the week's net outflow. Oct. 14 saw -$261.4M, more et figure. The other four days together came to +$33.0M.
The latest day, Friday, Oct. 16, added another -$82.4M of outflow.
Bitcoin is at $81,587.80, down 1.45% over seven days.
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Oil is up 77% in a year.
Brent just jumped 3.5% in a day to $109.
Gas is already up 34%.
Inflation already back to 3.7%.
And they'll tell you it's "transitory" again.
Your dollars are melting.
Brent just jumped 3.5% in a day to $109.
Gas is already up 34%.
Inflation already back to 3.7%.
And they'll tell you it's "transitory" again.
Your dollars are melting.
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Two red candles and everyone's doom posting again. Nearly $1 BILLION liquidated in 24 hours.
Not me. I don't touch leverage. My biggest position is Bitcoin and it always has been. That's why I'm still here my friends.
Full video 👇
Not me. I don't touch leverage. My biggest position is Bitcoin and it always has been. That's why I'm still here my friends.
Full video 👇
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📰 OpenAI research model pays its fees from another person's crypto wallet
After running out of test tokens, the model checked 362 addresses with publicly exposed recovery phrases and paid from one it did not own that it was able to find online.
After running out of test tokens, the model checked 362 addresses with publicly exposed recovery phrases and paid from one it did not own that it was able to find online.
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📰 How MSCI's non-operating company test works
MSCI checks whether a listed firm runs a real business or mainly holds assets like crypto. A firm failing the checks for two years can be dropped from its indexes.
Strategy, Metaplanet and SharpLink could be hit.
MSCI checks whether a listed firm runs a real business or mainly holds assets like crypto. A firm failing the checks for two years can be dropped from its indexes.
Strategy, Metaplanet and SharpLink could be hit.
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🚨 South Korea names two crypto firms in bank data breach wave
South Korea's financial regulator has named crypto businesses Streami, operator of the Gopax exchange, and Pravang as two of 16 financial firms affected by recent breaches, alongside Shinhan, Kookmin, Busan and Hana eces of customer data were exposed, covering names, resident registration numbers, emails and contact details. Officials have found no leaked account passwords or card numbers so far, and more firms may be added.
South Korea's financial regulator has named crypto businesses Streami, operator of the Gopax exchange, and Pravang as two of 16 financial firms affected by recent breaches, alongside Shinhan, Kookmin, Busan and Hana eces of customer data were exposed, covering names, resident registration numbers, emails and contact details. Officials have found no leaked account passwords or card numbers so far, and more firms may be added.
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⚖️ Russia keeps regulated crypto off self-custody wallets
A licensed firm holds the keys on a regulated account. Under Law 282-FZ, the Bank of Russia blocks moving them to a wallet you control.
From July 1, 2027, trades between individuals need an authorized intermediary.
A licensed firm holds the keys on a regulated account. Under Law 282-FZ, the Bank of Russia blocks moving them to a wallet you control.
From July 1, 2027, trades between individuals need an authorized intermediary.
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⚖️ Patrick Witt leaves White House crypto council
Witt, the council's executive director, confirmed his exit on Oct. 15. No replacement was named. The CLARITY Act he helped negotiate stalled in the Senate after a failed procedural vote in September.
Witt, the council's executive director, confirmed his exit on Oct. 15. No replacement was named. The CLARITY Act he helped negotiate stalled in the Senate after a failed procedural vote in September.
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🚨 BREAKING: US wholesale prices just jumped 1.3% in ONE month.
Biggest spike since March 2022.
Producer inflation is now 6.3% a year.
Gasoline +20.3% in September alone.
Energy +10.8%.
What businesses pay today, you pay next.
Still transitory?
Biggest spike since March 2022.
Producer inflation is now 6.3% a year.
Gasoline +20.3% in September alone.
Energy +10.8%.
What businesses pay today, you pay next.
Still transitory?
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Fear & Greed: 48, Neutral. That is two points under the middle of its 0 to 100 scale, with Bitcoin at $80,800 and down 2.45% on the week.
Average funding is still positive at 0.5858%, so traders holding leveraged longs are paying shorts to keep them open.
Average funding is still positive at 0.5858%, so traders holding leveraged longs are paying shorts to keep them open.
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Bitcoin holders might soon be able to borrow against their BTC without wrapping it.
Babylon Labs just posted a proposal to Aave. It's a proposal. Nothing is live yet.
How it would work: Your BTC stays on the Bitcoin chain, locked in a vault you pre-sign. No WBTC. No bridge. No ave sees a token representing that vault, and you borrow stablecoins against it.
Now the risks.
Liquidation: BTC drops, your health factor drops below 1, and your ENTIRE vault gets seized.
Smart contract risk: Your loan runs on Aave and Babylon code. A bug or exploit in either could cost you your BTC, and DeFi has lost billions to hacks. Babylon's contracts are still being re-audited before mainnet.
Getting your BTC back out takes about 3 days because of a challenge window.
Loan limits, liquidation levels and the price oracle haven't been set yet. The liquidation backstop still runs through WBTC. And you pay a Babylon fee on top of normal Aave interest.
Still needs a community vote and an on-chain vote before anything goes live.
Never borrowing against your Bitcoin is still the safest move. If you do, borrow small.
Babylon Labs just posted a proposal to Aave. It's a proposal. Nothing is live yet.
How it would work: Your BTC stays on the Bitcoin chain, locked in a vault you pre-sign. No WBTC. No bridge. No ave sees a token representing that vault, and you borrow stablecoins against it.
Now the risks.
Liquidation: BTC drops, your health factor drops below 1, and your ENTIRE vault gets seized.
Smart contract risk: Your loan runs on Aave and Babylon code. A bug or exploit in either could cost you your BTC, and DeFi has lost billions to hacks. Babylon's contracts are still being re-audited before mainnet.
Getting your BTC back out takes about 3 days because of a challenge window.
Loan limits, liquidation levels and the price oracle haven't been set yet. The liquidation backstop still runs through WBTC. And you pay a Babylon fee on top of normal Aave interest.
Still needs a community vote and an on-chain vote before anything goes live.
Never borrowing against your Bitcoin is still the safest move. If you do, borrow small.
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🚨 HEX founder Richard Heart was detained in Istanbul this morning.
What's solid so far:
Turkish intelligence (MİT) and Istanbul police raided a home in Beşiktaş at dawn. His wife was detained too.
He's been on an Interpol red notice since late 2024, requested by Finland over fraud and assault.
The SEC's US case against him was thrown out in 2025 on jurisdiction.
What isn't:
Turkish media say police found piles of cash, dozens of luxury watches and guns. Every outlet has different numbers. No official statement. No word on extradition.
HEX today? Down about 3%.
The token is already 99% below its 2021 high.
Hard to crash something that's already on the floor.
What's solid so far:
Turkish intelligence (MİT) and Istanbul police raided a home in Beşiktaş at dawn. His wife was detained too.
He's been on an Interpol red notice since late 2024, requested by Finland over fraud and assault.
The SEC's US case against him was thrown out in 2025 on jurisdiction.
What isn't:
Turkish media say police found piles of cash, dozens of luxury watches and guns. Every outlet has different numbers. No official statement. No word on extradition.
HEX today? Down about 3%.
The token is already 99% below its 2021 high.
Hard to crash something that's already on the floor.
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🇺🇸 US inflation just jumped to 3.7%.
Prices rose 0.6% in ONE month. BLS says gasoline (+9.1%) was over half of it.
Gas is up 34% on the year. Airfares 22%.
Is your savings account paying 3.7%?
Prices rose 0.6% in ONE month. BLS says gasoline (+9.1%) was over half of it.
Gas is up 34% on the year. Airfares 22%.
Is your savings account paying 3.7%?
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🏦 US September CPI report due at 12:30pm UTC today
The US releases its September consumer price index figures later today. Forecasts point to headline inflation climbing to 3.6% year on year, with core inflation forecast at 2.5%.
The US releases its September consumer price index figures later today. Forecasts point to headline inflation climbing to 3.6% year on year, with core inflation forecast at 2.5%.
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🏦 The Fed cut, and the 10-year Treasury yield rose
The effective Fed funds rate, what banks charge each other for overnight cash, was 3.88% on Oct. 12, down from 4.10% a year ago. Over the same year, the 10-year Treasury yield, which longer loans are priced against, climbed hat is a 0.22-point cut at the short end and a 1.21-point rise at the long end.
The 10-year rose 0.27 points in the last month alone, from 4.97%. That one-month move is larger than the Fed's cut over the full year.
The 10-year now sits 1.36 points above the Fed funds rate.
On Oct. 13, New York Fed President John Williams said one more rate hike is possible this year.
The effective Fed funds rate, what banks charge each other for overnight cash, was 3.88% on Oct. 12, down from 4.10% a year ago. Over the same year, the 10-year Treasury yield, which longer loans are priced against, climbed hat is a 0.22-point cut at the short end and a 1.21-point rise at the long end.
The 10-year rose 0.27 points in the last month alone, from 4.97%. That one-month move is larger than the Fed's cut over the full year.
The 10-year now sits 1.36 points above the Fed funds rate.
On Oct. 13, New York Fed President John Williams said one more rate hike is possible this year.
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🚨 BREAKING: MediaMarkt just pulled EVERY Ledger from its stores and website.
Days after Ledger found a hidden implant in a wallet from an Asian reseller. ~$93M drained.
Days after Ledger found a hidden implant in a wallet from an Asian reseller. ~$93M drained.
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📰 TRUMP warns that a Democratic win would bring "a 1929-style economic depression" and "a disaster on our hands."
President Trump also said every citizen would get a $5,000 check if Republicans prevail.
President Trump also said every citizen would get a $5,000 check if Republicans prevail.
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We sat down and went through Tether's smart contract. Line by line. There's a function in there that sets your USDT balance to ZERO. Not frozen. Deleted. It's been public since 2017 and almost nobody has read it.
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📈 Tom Lee's Bitmine adds another $32M of ether
The firm bought 12,532 ETH last week. Its holdings now stand at 6.03 million ETH, 4.9% of supply, and 84% is staked. Lee, Bitmine's chairman, says the company is close to "done stacking".
The firm bought 12,532 ETH last week. Its holdings now stand at 6.03 million ETH, 4.9% of supply, and 84% is staked. Lee, Bitmine's chairman, says the company is close to "done stacking".
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🚨 Ledger ties all confirmed wallet drains to reseller CryptoBilis
Ledger says each verified case traces back to hardware bought through CryptoBilis, an authorized Southeast Asian seller. Bitquery puts losses at $93.2M across six chains, with $10M frozen.
Ledger says each verified case traces back to hardware bought through CryptoBilis, an authorized Southeast Asian seller. Bitquery puts losses at $93.2M across six chains, with $10M frozen.
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🛠️ Standard Chartered launches custody for Ripple's RLUSD
Standard Chartered now offers institutional custody for Ripple's RLUSD stablecoin on the XRP Ledger, through its Dubai International Financial Centre branch. The bank plans to bring its collateral-mirroring model to LMAX post RLUSD as trading collateral while the tokens stay with the bank.
That step still depends on documentation, testing and regulatory and internal approvals.
Standard Chartered now offers institutional custody for Ripple's RLUSD stablecoin on the XRP Ledger, through its Dubai International Financial Centre branch. The bank plans to bring its collateral-mirroring model to LMAX post RLUSD as trading collateral while the tokens stay with the bank.
That step still depends on documentation, testing and regulatory and internal approvals.
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🚨 BREAKING: CZ alleges hackers bought Ledger reseller CryptoBilis
The new owners took over in March, its original founders say, and the deal kept the sale quiet until mid-October. Ledger is investigating wallet drains tied to the reseller.
The new owners took over in March, its original founders say, and the deal kept the sale quiet until mid-October. Ledger is investigating wallet drains tied to the reseller.
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🏦 Fed: US households struggling to keep up with debt payments
The Federal Reserve says American households are having as much trouble keeping their debt payments up to date as they did in the years after the financial crisis, CNBC reports. No delinquency rates or dollar totals t as relayed.
Consumer prices were 28.9% above their January 2020 level as of August. Inflation is still running at 3.4% a year.
The Fed's own policy rate is 3.88%, down from 4.10% a year ago and 5.33% three years ago. That rate sets the price of overnight money between banks.
Longer borrowing has moved the other way. The 10-year Treasury yield, the benchmark that mortgages and other long loans are priced against, was 5.22% on Oct 8. A year earlier it was 4.05%.
The Federal Reserve says American households are having as much trouble keeping their debt payments up to date as they did in the years after the financial crisis, CNBC reports. No delinquency rates or dollar totals t as relayed.
Consumer prices were 28.9% above their January 2020 level as of August. Inflation is still running at 3.4% a year.
The Fed's own policy rate is 3.88%, down from 4.10% a year ago and 5.33% three years ago. That rate sets the price of overnight money between banks.
Longer borrowing has moved the other way. The 10-year Treasury yield, the benchmark that mortgages and other long loans are priced against, was 5.22% on Oct 8. A year earlier it was 4.05%.
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