A Governance Proposal has been submitted by Wintermute to enable a fee switch for $ENA

TRUMP IS LIKELY TO ALLOW FED CHAIR POWELL TO SERVE REMAINDER OF HIS TERM -CNN

FED LOWERS INTEREST RATES BY 25BPS

*FED: LABOR MARKET CONDITIONS HAVE 'GENERALLY EASED'

*FED REMOVES REFERENCE TO GAINING CONFIDENCE ON INFLATION

*POWELL: IN NEAR TERM ELECTION WILL HAVE NO EFFECT ON POLICY

Powell: The statement changes weren't designed to serve as forward guidance.

Removing language about "greater confidence" on inflation is characterized as a drafting step; it got rid of something that had been used to explain that the test for cutting, in Sept, had been met

POWELL: AS WE APPROACH NEUTRAL, MAY BE APPROPRIATE TO SLOW CUTS

POWELL: ONE OR TWO BAD DATA MONTHS ON INFLATION WON'T CHANGE THE PROCESS

POWELL: SAYS HE WOULD NOT RESIGN IF ASKED TO

*POWELL SAYS HE WON'T STEP DOWN AS FED CHAIR IF ASKED BY TRUMP

*POWELL: DEMOTION OF FED VICE CHAIRS BY PRESIDENT NOT PERMITTED UNDER THE LAW

POWELL: no, NO — not permitted under the law, NOT PERMITTED UNDER THE LAW

S&P 500 CROSSES 6,000 MARK FOR THE FIRST TIME

OpenAI Shifts Strategy as Rate of ‘GPT’ AI Improvements Slows — TI

BITCOIN HITS $80K — NEW ATH

ETHEREUM RESEARCHER, JUSTIN DRAKE TO UNVEIL HIS AMBITIOUS ETHEREUM CONSENSUS LAYER REDESIGN PROPOSAL TOMORROW AT 5PM ON THE DEVCON MAIN STAGE: 𝕏

EVENT: LINK

FTX Sues Binance, Former CEO Zhao Seeking $1.8 Billion Clawback: BBG

*FTX also accused CZ of posting a series of “false, misleading, and fraudulent tweets” shortly before FTX’s collapse, the content of which was “maliciously calculated to destroy his rival

PRE-MARKET:

*COINBASE +15%
*MICROSTRATEGY +10%

The Week Ahead | @infinityhedge

Macro:
*Nvidia AI Summit on 12
*Earnings: SoftBank, Spotify on 12
*Earnings: Cisco, Tencent on 13
*U.S. CPI on 13
*Fed Chair Powell Speaks on 14
*Japan GDP (QoQ) (Q3) on 14
*Earnings: Alibaba on 15

Crypto:
*HYPE Users must review and accept the Genesis Event Terms to participate in Airdrop before Nov. 11, 2024 23:59 UTC
*Marathon Digital Holdings Earnings on 12
*DevCon 7 Event, Bangkok [11-15] [Uniday, Kraken, ETH, etc]
*Upbit Conference Seoul, Korea on 14
*Form 13F Filing Deadline on 14

**If you're planning to hit up the Emergence Conference in Prague on December 5-6, 2024, you can get 20% discount using the code 'INFINITY20'. Thanks to Tim Copeland [TheBlock] for this sweet discount for our community!

Token Unlocks:
$APT: $90M: 2.18% on 11
$STRK: $30M: 3% on 15
$CKB: $20M: 3% on 16
$ARB: $60M: 2.4% on 16

What Bloomberg Economics Says:
“We expect both CPI and PPI to come in hot, pushing long-end rates even higher — and further restraining the economy over the next couple months. We expect control-group retail sales to slow and the unemployment rate to continue to climb, reaching 4.5% by year end.”

Earnings/Charts/Articles ⬎

MicroStrategy has acquired 27,200 Bitcoins for $2Billion in cash, at an avg. price of $74,463 per Bitcoin btw Oct. 31, 2024 and Nov.10, 2024.