🏈💰📊 Fanatics Goes Full Degen — Buys Exchange for Prediction Markets!

🔹 Sports giant acquires BGC's regulated exchange + clearinghouse — now controls own prediction market infrastructure 🏗️⚡
🔹 Targets fast-growing sector alongside Polymarket + rival platforms — event-based trading exploding across sports/finance 🚀📈
🔹 Coinbase already partnered for 50-state prediction markets — Robinhood jumping in through same exchange 🤝🌍

From selling jerseys to letting you bet on everything — sports tech eating traditional finance alive 🦈💸

#PredictionMarkets #Fanatics #Polymarket
@money

⚡️ BREAKING: a16z drops "crypto" from its flagship fund — now "a16z Frontier"

🔹 Mandate widens beyond crypto to broader frontier tech
🔹 Chris Dixon: firm will keep investing in crypto & pushing for sensible regulation

💰 @money

🇺🇸 BREAKING: TRUMP calls Elon Musk, asks him to reverse Starlink restrictions on Ukraine — WSJ

🔹 Trump reportedly voiced frustration over the Starlink slowdown, which US officials say Musk ordered
🔹 US lawmakers now demanding an inquiry into SpaceX's role in Ukraine's defense

💰 @money

🚨 BREAKING: Meta default insurance hits a record high

🔹 $META 5-year credit default swaps at 114.5 bps, an all-time high (Markit data)
🔹 Insuring $10M of Meta debt now costs about $114,500 a year

💰 @money

🇺🇸 JUST IN: TRUMP sued over $2B+ in UAE-linked crypto deals tied to World Liberty Financial

🔹 A Circle shareholder alleges a $500M WLFI stake sale & UAE-linked deals violate the Emoluments Clause
🔹 The suit names Trump and World Liberty Financial

💰 @money

🚨 JUST IN: UAE-led crackdown tracks over $39 BILLION in scam funds & crypto

🔹 More than 960 arrests across 30 countries
🔹 Investigators traced fraudulent funds and crypto assets tied to scam networks

💰 @money

🚨 JUST IN: Wells Fargo, Intuit & 20 other companies oppose tokenized trading of their stocks on OKX

🔹 Wells Fargo, Arm & Intuit refuse to let their shares be tokenized on the OKX–ICE platform
🔹 ICE owns the NYSE: Wall Street vs crypto fight over tokenized stocks heats up

💰 @money

🇺🇸 JUST IN: TRUMP reportedly set to remove 50% tariffs on some Canadian goods

🔹 Relief for certain agricultural & forestry products, possibly as soon as Friday
🔹 Tariffs on Canadian vehicles, auto parts & steel still set to rise to 50% on Jan 1

💰 @money

🇦🇷 JUST IN: Argentina drops criminal probe into President Javier Milei over the $LIBRA memecoin scandal

🔹 A judge dismissed the case against Milei & his sister at prosecutors' request
🔹 The probe centered on the token Milei promoted on X before its price collapsed

💰 @money

📉 JUST IN: Spot Bitcoin ETFs bleed $635.6M in a single day, the biggest outflow since June

🔹 BlackRock's IBIT alone dumped $254.1M, and Friday added ~$137.9M more in outflows
🔹 It wiped out the prior day's $528.4M inflow and flipped October's flows negative

💰 @money

📉 BREAKING: Bitcoin crashes below $80,000 as crypto dumps

🔹 ETH under $2,350, SOL under $100, XRP under $1.30
🔹 $200M+ in longs wiped out in one hour; 24h liquidations hit $838M

💰 @money

🛢 JUST IN: Odds of $105 oil this October surge to 74% on Polymarket

🔹 Up 26 points in a week, with just 8 days left in the month
🔹 Trump on Iran: higher oil is "a small price to pay" to take away its nuclear weapon

💰 @money

🇺🇸 JUST IN: Median US family net worth by age, per the Fed: just $33,000 under 35 vs $505,000 at 75+

🔹 35–44: $156K · 45–54: $255K · 55–64: $411K · 65–74: $432K
🔹 Wealth gap between young and old Americans is over 15x

💰 @money

🇺🇸 BREAKING: Trump on high gas prices: "We're making a freaking fortune"

🔹 "They'll say I'm bragging while people are suffering at the pump. I don't give a damn."
🔹 Comes as oil stays hot on the Iran conflict and drivers keep paying more

💰 @money

📉 JUST IN: Goldman Sachs slashes its South Korea KOSPI target by 25%, from 12,000 to 9,000

🔹 The index has crashed over 35% from its June peak as the AI trade unravels
🔹 Goldman still sees 60%+ upside from current levels

💰 @money

📉 JUST IN: Bitcoin and gold are 2026's worst major assets — a historic first

🔹 BTC -7.3% YTD, gold -7.5% through Oct 23 (Charlie Bilello)
🔹 First calendar year both ranked at the bottom together

💰 @money

🚨 BREAKING: Elon Musk confirms SpaceX closed $40 billion in debt to buy AI chips

🔹 GPU deliveries eyed for Q1–Q2 2027; SpaceX Q3 revenue hit $14.58B (+161% YoY)
🔹 Capex nearly tripled to $19.6B as the company races to expand AI infrastructure

💰 @money

🇧🇷 BREAKING: Brazil markets crash after Lula wins — Bovespa futures down nearly 20%

🔹 Brazilian real slumps more than 8% in spot trading
🔹 JPMorgan downgrades the real & local bonds to neutral, sovereign bonds to underweight

💰 @money

🚨 JUST IN: Microsoft offers buyouts to 60,000 workers amid AI spending boom

🔹 Voluntary exits for ~60K staff across US, Canada, India & UK as it reshapes for AI
🔹 Cost cuts while Big Tech redirects billions into AI infrastructure

💰 @money

🇺🇸 BREAKING: US forces ready to launch major strikes on Iran within 96 hours of a TRUMP order, per CNN

🔹 US official warns Iran: change behavior or face "mission completion"; Tehran vows to respond in kind
🔹 Oil on edge: Brent settles at $115.81, WTI at $101.76

💰 @money