Key Takeaways
- Trial Highlights: Gary Wang, CTO of FTX, mentioned that Alameda had special privileges for trading on FTX. Meanwhile, Caroline Ellison, Alameda’s CEO, revealed questionable financial practices, including the misuse of FTX customer funds.
- LastPass Security Concern: LastPass, a popular password manager, faced a significant data breach in 2023. Encrypted passwords, usernames, and other data were compromised. Exercise caution.
- Potential Bitcoin ETF: The SEC might not appeal a recent decision by the US courts, potentially paving the way for the introduction of the first Bitcoin ETF in the United States.
- Blockchain Exploration by Major Financial Institutions: JPMorgan, BlackRock, and Barclays are exploring blockchain tokenization. Experiments with private blockchains continue.
Important upcoming macro dates:
- Oct. 19: Fed Chairman Jerome Powell speaks
- Oct. 26: Gross Domestic Product Figures
Next FOMC meeting and rate probability as per CME FedWatch Tool:
- In 15 days, there is a 90.1% confidence rate that interest rates will NOT change from 5.25–5.50%
Truflation snapshot:
- Today’s U.S. Truflation: 2.3%
- Latest annual CPI data: 3.7%
00:00 Market Update
03:06 SBF Trial
10:20 LastPass
12:55 ETF
15:30 Private Blockchains
18:43 Blockchain Tools
31:30 Solana
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