"Massive exchange downside event in midterms week, essentially pretty much put in the Bitcoin bottom."

@JOHN ARNOLD on Binance, FTX and the midterms.

"There's no magic button to make it go away."

@JOHN ARNOLD on US debt crossing 100% of GDP.

"It's much easier to find peace when the chaos is expected."

@MartyBent and Baron Koch CFA on living on a Bitcoin standard in an age of chaos.

"Especially the Microsoft headline is problematic for social stability if you extrapolate it out quickly enough and broadly enough."

@JOHN ARNOLD on Microsoft's 60,000 buyouts and AI's ROI.

Anthropic is pitching Claude as a chip designer to IPO investors.

A 15-person hardware team is using Claude to speed up custom AI chip work, according to The Information.

The comparison is against the team's own estimates of traditional workflows at established designers like Nvidia and AMD. That is Anthropic's assessment, not an independent benchmark.

The audience matters. The debut could value the company near $1.5 trillion, and "our model makes us faster at hard engineering" is a very nice line to have in the room.

Fifteen people is a slide in a pitch deck. Shipping silicon is the proof.

https://www.theinformation.com/articles/anthropic-touts-claudes-chip-design-skills-ipo-investors

"If all of a sudden there's lines around every JP Morgan, Bank of America, Wells Fargo, whatever, that money's not all there."

Baron Koch CFA on AI hacks and the next bank run.

Selling bitcoin to cover expenses is a losing trade.

Aven gives you a better option. Borrow against your stack instead.

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SpaceX, Tesla and Amazon have joined the list of companies rejecting OKXICE's tokenized stocks plan. The total now stands at 56 objectors.

Amazon, Tesla, Netflix, SpaceX, SoFi Technologies and Lam Research are the latest, according to a Nov. 2 public notice. Of the 62 companies OKXICE originally targeted, 49 have objected. That is about 79%.

Only 13 of the original 62 have no disclosed objection. Seven companies outside the lineup have objected too.

The notices do not give reasons for any of the objections.

https://www.okx.com/cdn/assets/okfe/web3-activities/okxicetsv/notices/OKXICE_Tokenized_Securities_Venue_Public_Notice_26.11.02.pdf

Election models now have a Guam problem.

Google will turn off Search for schools that reject its AI.

Starting early 2027, Google will switch off AI tools for K-12 students unless administrators opt in. But schools that restrict AI entirely will also lose access to Google Search. Students will see a message from their school saying it is not available.

Google's Chris Phillips said "Search and A.I. are deeply integrated." Schools cannot disable AI Overviews or AI Mode on their own.

Google's apps are ubiquitous in U.S. classrooms, and Chromebooks are the most widely issued student devices. Reject the AI, lose the search engine.

CZ says banks are even less safe from hackers than Bitcoin and crypto, arguing the entire financial system is at risk.

CZ says Binance saw about $3.6 billion in outflows, roughly 2% of holdings, against the 10% to 30% he had braced for.