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๐Ÿšจ BIG: The S&P 500 posted its worst day since July 29, wiping out roughly $800 billion in market value as U.S. inflation moved higher again.

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๐Ÿ‡บ๐Ÿ‡ธ LATEST: Patrick Wittโ€™s detail to the White House Crypto Council has expired, ending his tenure as executive director, per Eleanor Terrett.

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๐Ÿšจ JUST IN: Over $485M in crypto positions were liquidated in the past hour, nearly $465M of them longs, as $BTC fell briefly below $81K.

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๐Ÿ”ฅ TODAY: Bitwise CIO Matt Hougan says that whether the economy faces rate hikes, inflation, recession or an AI boom, nearly every macro scenario ends with Bitcoin higher.

โ€œAll roads still lead to Bitcoin.โ€

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โšก๏ธ TODAY: Vitalik Buterin says the top priority for zkEVMs should now be security, arguing the race for speed has been won after ZKsyncโ€™s Airbender milestone.

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๐Ÿ‡บ๐Ÿ‡ธ ETF FLOWS: BTC, ETH, SOL and HYPE spot ETFs saw net outflows on Oct. 14, while XRP and ZEC spot ETFs saw net inflows.

BTC: -$261.46M
ETH: -$129.51M
SOL: -$1.29M
XRP: $740.41K
ZEC: $3.68M
HYPE: -$4.95M

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Patrick Witt confirmed today he is leaving the White House Crypto Council for the private sector.

Who will be Trumpโ€™s next crypto adviser?

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๐Ÿ‡บ๐Ÿ‡ธ NEW: Binance.US is seeking $100 million to expand its crypto business.

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๐Ÿ‡ฎ๐Ÿ‡ท JUST IN: Prices for 15-year-old oil tankers now exceed new builds by 22% as the Iran war drives longer shipping routes and surging vessel demand, per Nikkei.

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๐Ÿ”ฅ INSIGHT: Morgan Stanley says quantum computing could eventually become a $100 billion market.

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๐Ÿ‡ฎ๐Ÿ‡ท JUST IN: US Treasury Secretary Scott Bessent vows to keep pressure on Iran until its financial lifelines are severed.

โ€œThe noose is tightening around Iranโ€™s economy, and not even Iranโ€™s so-called allies can save it.โ€

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