Crypto

🇺🇸 🇮🇷 JUST IN: Iranian hackers unsuccessfully targeted US water, telecom and energy infrastructure, per NBC.

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🇺🇸 $META classified Mark Zuckerberg as a "researcher" to claim a $355,000,000 tax break on his $4 billion compensation in 2013, NYT reports. The IRS is now trying to recover the $355 million in tax savings.

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🇺🇸 ALERT: Americans now need roughly $123,000 a year to afford a median-priced home, nearly $40,000 above the median household income.

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🇺🇸 ALERT: Average U.S. mortgage rates climb to 7.07%, crossing 7% for the first time in over a year.

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🇺🇸 ALERT: Carlyle co-founder David Rubenstein warns the US now pays more than $1 trillion in debt interest, exceeding national security spending and marking a sign of weakness.

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🇺🇸 ALERT: Mortgage rates hit 7.61%, their highest level since November 2023.

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🇺🇸 ALERT: U.S. electricity prices approach 20 cents per kilowatt-hour as costs climb at their fastest pace in decades.

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🇺🇸 ALERT: US average hourly earnings rose just 0.1% in September, bringing annual wage growth to 3%.

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🇺🇸 ALERT: US households have lost roughly $1,760 each to surging oil prices and Treasury yields since the Iran war began, Moody’s Analytics estimates.

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🇺🇸 ALERT: US mortgage standards are so tight that buyers need “pristine” credit histories as home sales head for a 31-year low.

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🇺🇸 BESSENT: “I’m pushing for the passage of the CLARITY Act because it gives the Treasury more authority to pursue this evasion.”

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🇺🇸 BIG: American Bitcoin marks one year since its Nasdaq listing with 8,300 $BTC on its balance sheet and nearly 90,000 miners.

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🇺🇸 BIG: NVIDIA now makes up nearly 8% of the S&P 500 and is worth more than the combined Energy, Utilities, Real Estate, and Materials sectors, with a market cap above $5.2 trillion.

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🇺🇸 BIG: President Trump says Bombardier will no longer be allowed to sell in the U.S. unless Canada opens its market to American banks, companies and Gulfstream Aerospace.

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🇺🇸 BIG: The SEC has proposed modernizing transfer-agent rules to reflect electronic recordkeeping, communications and blockchain use in securities offerings and share transfers.

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🇺🇸 BIG: The SEC proposes letting investment advisers hold clients' crypto themselves when no qualified custodian is available, and allowing state trust companies to act as crypto custodians.

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🇺🇸 BIG: The Senate is set to vote on a resolution seeking to halt Trump’s military action in Iran as rising gas prices become a midterm election issue.

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🇺🇸 BIG: The US 30-year Treasury yield climbs to 5.58%, within 1 basis point of its highest level since 2002.

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🇺🇸 BIG: The US has proposed putting $5B into a new fund to help Gulf nations rebuild energy infrastructure damaged in the Iran war and cut their dependence on the Strait of Hormuz, per WSJ.

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🇺🇸 BIG: The US House Financial Services Committee advances H.R. 8957, a bill to establish a Strategic Bitcoin Reserve, in a 28–21 vote.

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🇺🇸 BIG: The US labor market adds 29,000 jobs in September as unemployment rises to 4.2%.

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🇺🇸 BIG: Trump says he will spend up to $500 million of his own money to help Republicans in the midterm elections.

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🇺🇸 BIG: Trump says Iran’s latest peace offer is insufficient and may resume bombing, per AP.

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🇺🇸 BIG: Trump says the “AI/Data Center outburst” is happening because the U.S. leads the world, warning: “Don’t kill the Golden Goose!”

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