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10/29
02:54
Oracle shares rose 10% on Wednesday after the company forecast revenue of $225 billion by fiscal year 2030, representing an average annual growth rate of 35%. Additionally, Oracle stated it would limit additional financing to $20 billion during this period.
02:51
Tomer Schwartz, CTO of Google-owned Wiz, has warned that the internet's legacy code is facing a "Vulnpocalypse." He noted that two critical vulnerabilities discovered in the PHP language last week affected approximately 70% of websites, with some even forced offline for repairs. Schwartz believes that artificial intelligence will accelerate the discovery and exploitation of new vulnerabilities, and manual patching can no longer scale to address the issue.
02:49
CZ retweeted MetaFinancialAI's address poisoning investigation. This scam sends users fake zero-value USDT transfers, causing a fraudulent address with similar leading and trailing characters to commonly used addresses to appear in transaction records, inducing users to copy and mistakenly transfer funds. The investigation sampled the proportion of zero-value USDT and USDC transfers within 24 hours across four chains: Ethereum 13.5% (approximately 177,000 daily transactions), Base 2.7%, BNB Chain 1.1%, and Arbitrum 0.4%. The investigators stated that all 40 zero-value transfers they reviewed on BNB Chain were sent from unfamiliar addresses, not the account owner, consistent with the typical poisoning pattern. The report also cited a USENIX Security 2025 study, stating that from 2022 to 2024, a total of 270 million attempts and 17 million victims were recorded on Ethereum and BNB Chain, with at least $83.8 million stolen. The report recommends not copying addresses from transaction history, but instead using an address book or whitelist and thoroughly verifying the entire address; Binance's security team, HashDit, and Trust Wallet are also providing relevant detection or interception.
02:44
According to DeFi Rate data, prediction market Polymarket's US platform recorded approximately $13.7 billion in notional trading volume in the 30 days ending October 26, with sports betting accounting for 98.2%. Reuters reported that the US Commodity Futures Trading Commission (CFTC) is once again reviewing whether Polymarket has complied with the 2022 settlement agreement that restricted US users from accessing its offshore platform, and is investigating customer protection measures on its US platform. Additionally, the CFTC announced on October 27 that it had sued the state of Utah to resolve the dispute over whether prediction markets are governed by federal or state law.
02:39
Federal Reserve Chairman Warsh stated that the Federal Reserve has decided to adjust the FOMC meeting schedule next autumn. There will still be 8 meetings annually, but one of these meetings will not vote on policy rates and will instead focus on strategy. He expects the Federal Reserve to hold 6 policy-setting meetings by 2028.
02:39
Federal Reserve Chairman Warsh stated that the Federal Reserve plans to hold 8 meetings in 2027, but one of them will not involve a vote on monetary policy settings, focusing instead on strategy. In 2028, two of the 8 meetings will be dedicated to policy strategy and will not be "live" meetings.
02:38
FED'S WARSH: 3Q GDP LIKELY ABOVE 3%
02:38
Sami Abu Shehadeh, leader of Israel's Balad party, condemned the country's main political leaders for refusing to form a coalition government with Arab parties, calling the move "racist," despite Arab parties being poised to win a record 19 parliamentary seats. Currently, the Netanyahu bloc has secured at least 53 seats, while the opposition Eisenkot bloc has 48 seats, with neither reaching the 61-seat majority required to form a government. Abu Shehadeh stated that Arab-Israeli citizens are considered illegitimate partners, despite their record-high voter turnout. He emphasized that Arab parties are "legitimately elected minority leadership" and reiterated their stance against "genocide and apartheid."
02:33
The company also set targets for fiscal year 2029, aiming for a 40% operating margin, $21 earnings per share (EPS), and $30 billion in free cash flow. Oracle expects AI infrastructure spending to peak in 2027-2028, after which it will transition to self-funded growth.
02:25
The Federal Reserve maintained the federal funds rate at 3.75%-4%. Lisa Cook and Beth Hammack dissented, favoring a 25-basis-point increase, following September's unanimous rate hike. Bitcoin briefly gained but then gave back those gains after the announcement.

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