The memory trade collapses as Sandisk sheds 17%, Micron sinks to May levels

If Wednesday's stock market rally was a broad vote of confidence in the Democratic sweep of the US midterm elections, Thursday is the other side of that coin. While the AI sell-off already began on Wednesday, it has kicked into higher gear on Thursday.

Fed’s Barkin backs gradual rate hikes as inflation stays too high

On Thursday, Richmond Federal Reserve (Fed) President Thomas Barkin said inflation is the most important risk for the Fed right now, adding that the policy path is straightforward and that a gradual pace of rate increases “makes sense.”

United States EIA Natural Gas Storage Change below forecasts (81B) in October 30: Actual (77B)

British Pound subdued despite BoE hike as US jobs, Fed hawks dominate

The Pound Sterling (GBP) erases its previous gains against the US Dollar (USD) on Thursday even though the Bank of England (BoE) raised rates to 4%, narrowing the differential with the Federal Reserve (Fed), but solid US data and hawkish comments by Fed officials weighed on the UK currency.

Brazil: Selic pause extended into 2027 – Societe Generale

Societe Generale reports the Banco Central do Brasil (BCB) has halted its five‑meeting easing cycle, leaving Selic at 13.75% amid post‑election volatility and fiscal uncertainty.

Bhutan’s Gelephu central bank cleared to hold crypto in reserves

A royal decree has given the Gelephu Central Bank explicit legal permission to hold crypto in reserves, though no purchase is confirmed.

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CFTC clears ‘Equity Perps’ on individual US stocks

Perpetual futures on individual US stocks are deemed approved under Regulation 40.3, with CFTC Chairman Michael S. Selig framing the move as bringing the product onshore.

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Binance routes withdrawals through new wallets, but a tenth of the breach remains uncovered

Binance's updated Proof of Reserves shows new withdrawal wallets and reserve ratios above 100%, yet roughly 10% of breach-affected assets remain un-replenished by its own figures.

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ICE’s Hyperliquid perps deal is the first real test of the CFTC’s onshore perp pathway

ICE and Trade[XYZ] will build a regulated U.S. market for Hyperliquid-based perpetual futures, pending CFTC approval, with ICE taking a minority stake in Trade[XYZ].

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Binance reopens withdrawals Sunday with 90% of stolen crypto replenished

Binance says 90% of the stolen crypto is replenished and withdrawals reopen Sunday, 1 November, with full proof of reserves due 3 November.

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