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10/15
02:02
The Federal Reserve's Beige Book report indicated little change in employment across most districts, with only two of the twelve districts reporting modest economic growth. Concurrently, three districts saw strong price increases, and several others warned of intensifying cost pressures. The report highlighted the coexistence of stagnant economic growth, sluggish hiring, and persistent inflation, complicating the Federal Reserve's next interest rate decision.
02:01
According to Nick Timiraos, Wednesday's unexpectedly strong inflation report has elevated the importance of Federal Reserve Chairman Warsh's speech at the IMF meeting in Bangkok. This will be the last public address by a Federal Reserve official before the October 27-28 meeting.
01:57
Matter Labs announced Airbender Prime, a prover that reportedly handled 99% of 7,200 consecutive Ethereum mainnet blocks in under 10 seconds each on a single NVIDIA RTX PRO 6000 Blackwell GPU. Separately, Starknet is actively considering becoming an independent layer-1 (L1) blockchain, targeting full quantum resistance by 2027. This comes as Ethereum aims for L1 quantum resistance across execution, consensus, and data by December 2029. Matter Labs is also focusing on regulated finance, with Deutsche Bundesbank testing its Prividium platform, while Aave's risk provider LlamaRisk recommended winding down V3 deployments on zkSync and other chains due to low quarterly protocol revenue.
01:46
Saudi organizers announced that the "Six Kings Slam" tennis exhibition, originally scheduled for October and featuring stars like Carlos Alcaraz and Novak Djokovic, has been postponed to December 27-30. Additionally, three matches in the Saudi Professional League (SPL), including one involving Cristiano Ronaldo's Al Nassr FC, have also been postponed. Turki al-Sheikh, chairman of Saudi Arabia's General Entertainment Authority, stated that the postponements were due to "organizational and logistical challenges." Previously, Yemen's Houthi rebels had repeatedly attacked the Saudi capital Riyadh, and recent conflicts between Saudi Arabia and the Houthis have escalated.
01:40
Cleveland-Cliffs is set to release its earnings report on October 19. Previously, the company's stock surged nearly 16% in a single day after its July quarterly report, leading option traders and short positions to remain vigilant, with short-term implied volatility (IV) being actively pushed higher. Short interest is close to 14%, and the company's CEO is known for his aggressive rhetoric, once stating he likes to deal with short sellers "like boiling a frog."
01:39
Fed Chair Kevin Warsh is scheduled to speak on Thursday, October 15, at 11:30 PM ET at the IMF meetings in Bangkok. Following September's hotter-than-expected inflation report, market expectations for another Fed rate hike ahead of the October 27–28 meeting have risen. Warsh's remarks could reshape these expectations before the Fed enters its blackout period. Persistent inflation poses a risk of additional rate hikes in December and potentially into 2027.
01:39
The Rocket Pool community has voted to approve the rETH withdrawal feature while maintaining the 4 ETH bonding requirement, according to The Defiant. Additionally, voters opted for a randomized mega-pool exit mechanism and postponed the implementation of on-chain governance expansion. The full Saturn 2 upgrade package still requires further approval.
01:34
The Metropolitan Transportation Authority (MTA), which operates New York City’s subways, buses and commuter lines, reduced a planned debt refinancing by about 40% as tax-exempt bond yields hovered near their highest levels in at least 15 years.
01:31
CoreWeave CEO Michael Intrator says he remains confident in the company's business model, funding, sales and backlog. Intrator states that CoreWeave's contracted backlog more than supports its debt obligations, while delays in other companies' IPOs are negatively affecting perceptions of CoreWeave. He added that competitors "don't have what we built."
01:27
OpenAI is reportedly in talks to acquire Trail of Bits (ToB), a cybersecurity firm known for auditing top crypto projects like Arbitrum, Uniswap, and Aave. The potential acquisition follows a security incident at OpenAI's offices where a “sophisticated recording device” was discovered in a conference room, leading to an engineer's arrest by the FBI. OpenAI and ToB previously collaborated on the “Patch the Planet” initiative.
01:24
On-chain analytics firm Bubblemaps has accused wallets associated with Anglio of trading on the Pump.fun platform before making calls. The firm estimates these trades generated $50,000 in trading profits and $80,000 in call rewards. Pump.fun is currently adjusting its payment mechanism to reward based more on follower returns.
01:22
Hong Kong's initial public offering market is booming, driven by strong demand from Chinese companies. However, mainland players are increasingly cautious about listing on the city's bourse, with more firms delaying their IPOs as new stocks struggle in early trading days and overall market conditions worsen.
01:20
Ukrainian officials have accused Elon Musk's SpaceX of restricting Starlink satellite services, disrupting its military operations and leaving Kyiv vulnerable to deadly attacks. An advisor to President Zelensky warned that terminal services exceeding 100 mph were restricted on Wednesday night, effectively crippling Ukraine's ability to control drones using satellite internet. Polish Foreign Minister Radoslaw Sikorski expressed his displeasure, criticizing Musk for "playing politics again." The restrictions occurred after Russian ballistic missiles struck Kyiv for the second consecutive night, killing at least nine people and damaging power and heating infrastructure.
01:19
The Office of the Comptroller of the Currency (OCC) released a report stating it found "de-banking" efforts linked to crypto activities. The report did not include specific crypto-related "de-banking" cases but mentioned similar situations in the oil, gas, and firearms industries.

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