I think today was capitulation day in $BTC ETFs. Highest volume ever, feels fitting. Unlikely crypto won’t need a considerable period of sideways (or as others say “time-based capitulation”), but generally speaking, we should be done with the worst UNLESS equities now cave in.

Uptober

Quantum computing poses a serious threat to the cryptography blockchains currently rely on, while advances in AI compress best estimates for the threat's timeline. That's why experts gathered in Cambridge to coordinate research upgrading our cryptography to be quantum-resistant.

🚨 POLYMARKET WHALES ARE GOING ALL IN ON DEMOCRATS Just 3 days left, and whales are going BIG on Democrats >$629K from a BRAND NEW account created just days ago >$2.4M on a DEMOCRATIC SWEEP from one whale >$1.94M in positions across 4 accounts funded by ONE WALLET Potential payout: OVER $5.6 MILLION

I really wanted this card. But money has no value anymore, so I had absolutely no chance. But honestly: Bitcoin should be at $1m. That’s how little money is worth.

That is correct. You did, Donald.

Btw if @realDonaldTrump actually wanted to do something about the @binance hack and similar ones, they should fully sanction @THORChain and do everything to close its liquidity down. Without $RUNE, North Korea has almost no ways to launder its hack proceeds. And Thorchain has zero other reasons to exist. Their volume is 75%+ North Korea. @cz_binance

« What do you mean Kim extracted more than me ?!"

FWIW, before you guys do it: there is NO analogy to FTX here. Binance was hacked by a state actor and the hole is small enough for them to patch it from THEIR OWN FUNDS. FTX & SBF gambled with CUSTOMER FUNDS on LEVERAGE and lost it.

Fact.

US spot ETH ETFs that stake have taken in $983M this year. The ones that don't have lost $859M. October has been rough for both: Staking funds: -$123M Everything else: -$1.33B @iShares runs one of each. ETHB stakes and is up $852M since it launched in March. ETHA doesn't, and it's down $622M this year. Data: @FarsideUK, through Oct 29

Now that the Binance hack is less noisy: RIP Sir Patrick Stewart. Inspiring actor I saw live on stage once. Truly a genius of his field. And easily the sexiest man I’ve seen over 80. You will be missed.

Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: - temporarily suspended deposits and withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds. Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice. Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions. binance.com/en/support/annou…

Made Bitcoin 100x harder to crack for a quantum attacker. Stupid simple: force it to solve 100 keys instead of one within 10 min block time. No fork, no new opcodes, no direct-to-miner relay. Multisig was designed to distribute trust, we reuse it to multiply the computational work required to forge a Bitcoin spend. Runs on Bitcoin Core today. 1/

Sorry, just made me laugh, it’s too good.

It is still early and I note stock markets will be red due to earnings tomorrow. Plus there are mid terms and then another Iran escalation. If all that sh1tshow did not exist, I personally would think this is a pretty big opportunity.

BTC looks locally cheap here. Binance whales who dominate pricing would agree, look at the blue line... they are giddy with buying. I notice the pros are winding up their margin accounts right now.

The benefits of abundant intelligence will accrue far outside of San Fransisco. Spent the last year writing about capital, sovereignty, and the coming reordering of economic power. THE COMMANDING HEIGHTS Commanding-Heights.com

Has Binance even paused withdrawals? If not, I have to tip my hat - sustaining crypto’s biggest hack and it not even impacting your systems would be a strong sign.