Did October inflation come in hotter than expected? 🇺🇸

It did: US CPI rose 0.4% month over month, exceeding the 0.3% estimate.

Core CPI also topped forecasts, climbing 0.3% against expectations of 0.2%. That matched September’s pace.

Yoni Crypto

$178 million in crypto long positions were liquidated in just one hour after October US CPI came in higher than expected. 🚨

Yoni Crypto

Miami-Dade County now accepts Bitcoin for property taxes, both online and in person. No need to worry about the county keeping crypto: every payment is automatically converted into US dollars.

Yoni Crypto

Which major banks are backing a new US dollar stablecoin venture? Goldman Sachs, Citi, Santander and Deutsche Bank are among the financial firms reportedly pledging about $270 million over five years to fund the joint project, Bloomberg reports.

Yoni Crypto

Goldman Sachs, Citi, Santander and Deutsche Bank are among the financial firms reportedly backing a joint US-based dollar stablecoin venture. Bloomberg reports they plan to commit about $270 million over five years to fund the project.

Yoni Crypto

🇺🇸 House Democratic leader Hakeem Jeffries has called for a full congressional briefing on reports of Nvidia CEO Jensen Huang’s ties to a Chinese businesswoman allegedly connected to Beijing. He also urged tighter limits on US chip sales to China.

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🤖 Elon Musk says Anthropic’s Claude Opus 5.5 is a “masterpiece” and expects Grok 5 could overtake it in 2–3 months. He acknowledged that Grok 4.8 won’t match Claude Opus 5.5.

Yoni Crypto

SoftBank reported a quarterly loss of $7.1 billion, including $3.7 billion in charges tied to power equipment for AI data centers.

The company’s stock has since fallen more than 50% from its June peak.

Yoni Crypto