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10/21
01:34
Elon Musk stated on Monday that he plans to donate SpaceX shares to all children in the United States next year through "Trump Accounts" (also known as 530A accounts). However, under new regulations issued by the U.S. Treasury Department a few weeks ago, stocks acquired through such accounts typically cannot be sold for five years, even if the company faces financial difficulties. Lawyers and charity experts point out that the new rules give donors an unusually large amount of influence over children's investments, unlike traditional charitable donations where the recipient has the final say. Treasury officials said the move aims to help children from low-income families build long-term wealth and encourage donations.
01:27
Iran's top security official, Mohsen Rezaei, stated during a meeting with Pakistan's Army Chief of Staff, Asim Munir, in Tehran that Iran's enriched nuclear material will not leave the country under any circumstances, according to Iran's semi-official Fars news agency. Rezaei also said that negotiations with the United States would not begin unless Washington takes confidence-building measures, including meeting Iran's latest conditions.
01:23
Japanese brokerage IwaiCosmo Securities said Tuesday that unauthorized access to the operator of its online trading system, Trade Works, resulted in unapproved transactions in client accounts. The breach also compromised personal data of 4,975 people, but affected client accounts have since been restored.
01:22
Utah has filed a lawsuit against Kalshi and Susquehanna firms, seeking injunctions, restitution, and profits. The state alleges that market makers helped sustain illegal wagering despite Kalshi’s defeat in federal court.
01:20
Iran's Parliament Speaker Mohammad Bagher Ghalibaf stated that the US cannot gain Iran's trust without implementing the seven conditions Iran presented in New York. Speaking after meeting with Pakistan's army chief Field Marshal Asim Munir in Tehran, Ghalibaf reiterated that Iran is not warmongering but is fully prepared to defend its homeland and national dignity, adding that threats and military movements cannot influence the Islamic Republic's strategic decisions.
01:14
Meta's AI companion Muse has surpassed 10 million U.S. downloads in its first 40 days, according to new data from market intelligence provider Sensor Tower. This milestone places it in an exclusive group of apps, including Meta's Threads, that have achieved similar post-launch scale. Sensor Tower's data also indicates Muse is retaining users at higher rates than its AI rivals like ChatGPT, Claude, and Grok, with a 30% 7-day retention rate and a 23% 14-day retention rate in the U.S. The app also hit 2.5 million daily active users for the first time on October 16, a 15% week-over-week increase. Meta has allocated 39% of its total advertising spend to market Muse in October, up from 23% last month.
01:09
The cryptocurrency market saw a broad rebound on Tuesday, driven by a tech stock rally and renewed inflows into Bitcoin ETFs. Privacy coin Zcash led the market, surging 8.5% in the past 24 hours to $1215.85, with its market capitalization reaching $20.57 billion. Bitcoin rose 1.6% to $83195, and Ethereum gained 2.90% to $2463.35. Bitcoin ETFs recorded a net inflow of $526.7 million, the largest single-day inflow in nearly a month. Zcash's strong performance is partly attributed to an oversold bounce after a roughly 25% decline over the previous month, as well as potential catalysts such as developers' upcoming decision on the NU7 network upgrade.
01:05
Michael Tanguma, CEO of Onramp, believes that corporate adoption of Bitcoin will stall as long as companies cannot clearly identify who controls funds, who approves fund movements, or whether funds are still present. This follows BlockTower Capital founder Ari Paul's public accusation that Coinbase lost approximately $25 million of his company's assets and concealed a hack exceeding $1 billion involving over a dozen institutions, which Coinbase has denied. Tanguma noted that this controversy highlights control issues for Bitcoin on corporate balance sheets, specifically the lack of governance mechanisms found in traditional bank and brokerage accounts, such as named users, clear approval rules, and auditable tracking records. He emphasized that until custody arrangements can answer these critical questions, similar incidents will be difficult to verify, hindering large-scale corporate adoption of Bitcoin.
01:03
Strategy (MSTR), led by Saylor, has seen its floating-rate perpetual equity token, STRC, fail to regain parity since May 15, despite the company's repeated attempts to stabilize its price by repurchasing hundreds of millions of dollars worth of STRC. The persistent de-pegging of STRC is partly attributed to MSCI's recent announcement to classify MSTR as a "non-operating business" and remove it from its Global Investable Market Indexes. Furthermore, the failure of the CLARITY Act to pass in the U.S. in September, along with a reported massive loss of $8 billion in the second-quarter earnings report, also contributed to the decline in STRC's value.
01:01
A Coinbase report indicates that stablecoin transfers have quadrupled to $891 billion, driven by growing adoption from US banks and businesses. This surge in transfer volume occurred even as the stablecoin market capitalization remained largely unchanged over the past year.
00:59
Musk retweeted a major update for Grok Bot, which includes several new features such as new chat cards, speed improvements, draft editing, email aliases, X DM integration, @bot tags, connectors, voice calls, notifications, invitations and Android assistant, access lists, unread messages, routines, and login functionality.
00:58
CNBC analysis suggests that the performance of Amazon Web Services (AWS) will be key for Amazon's stock to return to and surpass its historical highs.
00:49
Major General Ali Abdollahi, Chief of Staff of the Iranian Armed Forces, stated that Iran will adopt an "asymmetric" approach in future conflicts with enemies, utilizing low-cost but effective equipment to "neutralize" advanced weapons. He noted that this strategy "will cause trouble, concern, and high costs for the enemy." The material mentioned that interceptor missiles launched by the Patriot and THAAD defense systems used by the United States and Israel can cost millions of dollars, while Iranian Shahed drones cost only $20,000 to $35,000.
00:48
A new lawsuit filed Tuesday by Gellert Global Group challenges President Donald Trump's July invocation of Section 338 of the Tariff Act of 1930 to impose 50% tariffs on Canadian hockey sticks, wine, honey, wigs, and other products. This marks the first time the 96-year-old law has been used for tariffs. The suit seeks to declare the tariffs unlawful, block their enforcement, and demand refunds for already paid duties, with interest. This follows the Supreme Court's February striking down of Trump's "reciprocal" tariffs, which led to $166 billion in refunds.
00:43
French President Emmanuel Macron has secured new diesel supply commitments from the Middle East. According to the French presidential palace, Macron has obtained commitments from the UAE and Bahrain for an additional 200,000 tons of diesel per month. Including supplies from Saudi Arabia, France now has commitments for 295,000 tons of diesel per month, representing just over 10% of its consumption. These agreements, announced on Tuesday, aim to address high energy prices caused by the US-Iran war and protests triggered by soaring domestic fuel prices in France. Kuwait has also pledged to supply diesel and kerosene to French overseas territories, which will be transported via Oman to bypass the Strait of Hormuz.
00:38
Combined monthly trading volume on prediction markets Kalshi and Polymarket more than doubled from $26 billion in May to $53 billion in July, with over $30 million traded on House and Senate races by July. The Commodity Futures Trading Commission (CFTC) withdrew a 2024 proposal that would have classed election contracts as gaming, and in June published a proposed framework under which elections would not count as gaming. Former NBC News political director Chuck Todd will host the NEXTPredict summit on October 22-23, focusing on whether markets or pollsters are a better predictor of election outcomes. Morgan Stanley also studied Kalshi trades, finding prices closely tracked outcomes.
00:38
Crypto market maker Wintermute's latest weekly report highlights Bitcoin as a defensive asset, noting its 3.5-point lead over Nasdaq suggests it's holding up better than macro trends. The firm points to an open liquidity crisis in the altcoin market, with funds concentrating in Bitcoin and Ethereum. Wintermute sets $82,500 as a key defense line for Bitcoin, while anticipating a volatility explosion driven by upcoming macro events like the October 28 FOMC meeting, US midterm elections, and earnings season. The report attributes market anxiety to accelerating US inflation (3.7%) and its spillover effects, which previously triggered a 5.52% Nasdaq crash and destabilized digital assets.
00:35
The Optimum network, incubated at MIT, announced its block propagation layer is now live on the Ethereum mainnet. The layer is currently supported by 16 node operators, with approximately 1.4 million ETH staked. Notably, ether.fi has made this technology standard across its validator set.
00:35
Bitwise reported that Ethereum staking reached a record 43.8 million ETH in Q3, accounting for nearly 36% of the total supply, while yields dropped to 2.63% during the same period. Solana staking also hit a new high of 440.5 million SOL.
00:34
Netflix is scheduled to report its third-quarter earnings after market close on Tuesday. Investors will be closely watching for updates on the company's ad-supported business, engagement metrics, and its stance on potential mergers and acquisitions (M&A).

The report comes as the media industry faces consolidation and intense competition. Last week, Netflix announced layoffs of approximately 6% of its employees and the departure of Chief Content Officer Bela Bajaria, amidst stagnating viewership and growing competition from platforms like YouTube. Despite these challenges, Netflix continues to post solid profits, largely aided by its cheaper, ad-supported tier, and remains the largest player in streaming. The company also announced new features for advertisers on Tuesday.

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