The typical household 75 and older is worth $504,900.

The typical household under 35 is worth $33,000.

That's a 15x gap, per the Fed's 2025 Survey of Consumer Finances.

OpenAI is planning a policy and PR push right after Tuesday's midterms, Axios reports.

The plan: rebrand data centers as "AI compute campuses" and ask Congress for mandatory "speed limits" on the most powerful AI systems.

Binance has resumed withdrawals on all 15 networks and assets in its first phase.

Net outflow since 06:00 UTC: roughly $3.64 billion, or 2.1% of its $171 billion in AUM.

Binance: "Rest assured that market conditions are stable."

Sweeper bots burned $4,800 of bitcoin in fees within minutes after a user withdrew to an insecure address.

The winning bot kept just $12.67. The miner got the rest.

The S&P 500 is just 3% below the record high it set on October 6.

Its worst drop this year was 9.1%, during the Iran war in March.

Zelensky says Ukraine, the US and Russia are preparing a trilateral meeting in the first half of November.

He discussed it with Erdoğan, including holding talks in Türkiye and involving Europe.

No date or venue confirmed yet.

Where it all started.

18 years ago a post on an obscure mailing list changed the course of human history.

Happy White Paper Day.

OpenAI's latest funding round values it at $1.25 trillion, short of the $1.4 trillion it was targeting.

It had been seeking $30 billion.

Annualized revenue is $50 billion, with a goal of $70 billion by year-end.

An extortion group called n0n published the passwords and keys to a firewall that guards the link Finzly's bank clients use to send payment instructions to the Federal Reserve.

Finzly connects 11 listed banks and credit unions to ACH, Fedwire and FedNow through a single shared connection. The leaked files describe a direct link labeled "FED" and rules for FedNow and FedACH traffic.

Finzly says it rotated its keys and credentials and that the files can't get anyone into its systems. The Fed says its payment services were not impacted.

The passwords were the easy part to fix. The map of how everything connects is still out there.

h/t @Caitlin Long

https://www.americanbanker.com/news/extortion-group-leaks-keys-to-bank-vendors-fed-firewall

"Microsoft's revenue went from 198 billion to 332 billion in the last four years, while staff only increased by 2,000 people."

Chamath Palihapitiya on AI productivity gains at Microsoft.

"That $80 billion loss is a phantom number."

David Sacks on why Anthropic's $80 billion loss was not real.