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The Ripple-SEC settlement cannot take effect until the Court of Appeals formally signs off on the stipulation.
Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.
Share link:In this post: Trump’s administration is negotiating a government equity stake in Intel using Chips Act funds. The move aims to rescue Intel’s delayed Ohio factory and boost U.S. chip production. Lip Bu Tan, Intel’s CEO, gained $29M as Intel stock surged 15% since his March appointment.
Share link:In this post: Hedge fund Brevan Howard is now the biggest shareholder of IBIT with 37.5 million shares. More entities are gaining or increasing their exposure to IBIT with Havard disclosure being most significant. IBIT has now crossed $90 billion in assets under management.
Share link:In this post: The S&P 500 and Nasdaq both fell Friday, while the Dow rose slightly, boosted by a 12% surge in UnitedHealth. Applied Materials dropped 14%, dragging chip stocks lower, and consumer sentiment slipped due to inflation fears. Buffett, Burry, and Tepper revealed large stakes in UnitedHealth, sending the stock to its best day since March 2020.
Share link:In this post: Trump and Putin held a three-hour meeting in Alaska but reached no agreement on ending the war in Ukraine. Zelenskiy was not invited, and no ceasefire or follow-up summit was confirmed. Trump claimed progress but admitted major issues remain unresolved.
- 08:38The international gold price has dropped $100 from its daily high.Jinse Finance reported that spot gold fell to $3,920 per ounce, retreating about $100 from the daily high and hitting a new low since October 6.
- 08:36Kaia v2.1.0 is live, supporting MEV Auction and multiple optimizationsChainCatcher news, Kaia v2.1.0 is now live. This update focuses on supporting MEV Auction (KIP-249), improving API and storage performance, and does not require a hard fork. The new version allows receiving BidTx, and external auctioneers can deliver winners via websocket connection (auction namespace). It is recommended to enable websocket and restrict access (preferably using a firewall or allowlist). For full nodes, LevelDB now enables snappy compression by default. Users can reclaim disk space by compressing the chain database, but this process is time-consuming and increases I/O load. For archive nodes, an experimental FlatTrie feature has been added, which can be implemented using Erigon-style state layout. However, it requires resynchronization and some features are temporarily unavailable (such as eth_getProof, real-time pruning, and rollback). In addition, v2.1.0 introduces support for RocksDB, RPC block parameters "safe" and "finalized", EIP-7702 verification mechanism, as well as more granular compression controls and performance and stability optimizations.
- 08:35The Fed's balance sheet reduction is nearing its end, with signs of stress emerging in the money marketBlockBeats News, October 28 — The Federal Reserve is expected to end its three-year quantitative tightening phase this week, easing pressure on banks amid concerns over excessively tight funding in the money markets. Earlier this month, some bank lenders tapped the Federal Reserve's backstop funding facility, reaching levels seen during the pandemic. Policymakers will discuss this on Tuesday. Since launching the quantitative tightening program in June 2022, the Federal Reserve has allowed over $2 trillion worth of U.S. Treasuries and mortgage-backed securities to roll off its balance sheet, resulting in tighter financing conditions. Krishna Guha, Vice Chairman of Evercore ISI, stated: "The market has basically reached a consensus that the Federal Reserve will end quantitative tightening this month." Richard Clarida, current Director at Pacific Investment Management Company (PIMCO) and former Vice Chairman of the Federal Reserve, pointed out: "This will be a very close decision. But even without a formal resolution, we will receive a strong signal that the Federal Reserve will end quantitative tightening in December." (Golden Ten Data)