Official Coin Bureau X account: covering breaking news, insights & in-depth analysis across Fintech, Macro & AI.
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🚨LATEST: Fundstrat’s Tom Lee says stocks are at the BOTTOM, reaffirming his year-end S&P 500 target of 8,200+.
“I think we are at the bottom.”
“Bottoms are dangerous because you don’t know how much more downside you have at the bottom.”
On AI, Lee argues capacity constraints and political opposition are limiting spending, rather than demand collapsing:
“The market for AI is still very tight. It’s not an overcapacity market.”
“That is slowing the growth, but it’s not creating a top.”
He sees strong Q3 results and favorable post-midterm seasonality supporting November gains.
“I do think markets are going to exit the year strong, but they have been struggling… Markets climb a wall of worry.”
The midterms could spark an S&P 500 RALLY.
President Trump could lose both the House and Senate with the probability of Democrats winning both chambers rising to 73%, per Axios.
That would leave Trump facing an opposition-controlled Congress.
History offers a bullish backdrop, on Average the S&P 500:
• 1 month later: +2.1%
• 3 months later: +10.7%
• 6 months later: +17.5%
• 1 year later: +15.5%
This has only happened 7 times since 1954 and the S&P 500 has been positive 7 out of 7 times 1 year after.
The bullish argument is clear as election results could ease uncertainty and encourage investors to put money back to work.
🇨🇳NOW: Another $237,000,000,000 wiped from Chinese stocks within the FIRST 15 MINUTES of trading.
The Shanghai Composite falls -1.5% as selling pressure intensified across the market.
🚨WHAT IS HAPPENING IN THE WORLD?
In the past 48 hours alone, hackers have hit at least 10 countries.
Freezers were turned into ovens overnight, and these attacks are now hitting everyday life.
🇪🇺 Hackers hit freezers at supermarkets and stores in 7 European countries, heating some to 50°C.
🇫🇷 Last month, hackers hit about 700 French supermarkets, costing an estimated tens of MILLIONS of euros in a single day.
🇺🇦🇷🇺 Hours apart, Ukraine’s and Russia’s emergency apps were HACKED, warning citizens of nuclear strikes and chemical threats that never came.
🇩🇪 Germany told lawmakers to treat their iPhones as possibly compromised after Apple sent mercenary spyware alerts.
🇧🇷 Brazil’s Mercado Bitcoin halted withdrawals after hackers drained an estimated $40 MILLION+ across at least 10 blockchains.
🇺🇸 A day before the US midterms, a substation failure knocked out power to parts of Washington, D.C.
The stockpile warnings so far:
🇬🇧 The UK issued NEW advice telling every household to keep 3 days of food and water at home.
🇯🇵 On day one, Japan’s new disaster agency asked every household to stock up to a WEEK of supplies, citing earthquake risk.
At least 16 countries now tell citizens to stockpile food and water.
Some of these campaigns hadn’t been seen since the Cold War.
None of these has a confirmed link, and no one has been named behind most of the attacks.
The world is on alert.
🇺🇸🇮🇷 BREAKING: The US just struck Iran’s Qeshm Island, the same day Trump said “no” to new strikes after the midterms, per WSJ.
Since oil’s 7% plunge, Trump and Iran are sending mixed signals on a deal.
Where things stand now:
Trump claims there’s been no fighting “for months,” but officials say quiet US strikes have run for weeks.
The US has told Gulf allies to prepare for a short and intense operation shortly after the election, per WSJ.
Iran’s President says the Supreme Leader has “granted the government certain authorities” to pursue a deal through diplomacy.
Tehran says Hormuz could reopen in 2 DAYS, but not until the US lifts its naval blockade.
Qatari mediators have drafted a 3 day roadmap to restart direct talks between the US and Iran, per Axios.
Trump tells Axios, “One way or the other, we will do something, but there is no rush.”
Trump says Iran wants a settlement “as soon as possible,” and oil prices are “dropping like a rock.”
VP Vance says progress has been made, and no deadline has been set to resume strikes.
Iran’s Supreme Leader has warned Iran would retaliate within and beyond the Middle East if the war restarts.
🚨ALERT: U.S. oil plunges 7% below $98 a barrel and Brent falls 5% as hopes for a U.S.–Iran deal grow.
Iran’s President Pezeshkian says, “We will attempt to resolve the issue through dialogue.”
The Supreme Leader has granted the government specific powers for negotiations.
“We are more ready for a military response and diplomatic path than before,” Foreign Minister Araghchi says, per IRNA.
JUST IN: 🇺🇸 OpenAI hires former Army Secretary Dan Driscoll, the latest Trump official to join the AI giant.
Driscoll ran the US Army until 2 months ago and joins OpenAI to work on national security modernization, per the FT.
OpenAI has hired at least 3 other former Trump officials this year:
Peter Bowman-Davis, HHS's former chief AI officer
Dean Ball, a former senior White House AI policy adviser
Thomas Lind, the White House cyber office's former AI policy chief
Is Britain NEXT?
🇬🇧The UK is on alert to protect its 2 BIGGEST supermarkets as fridge CYBERATTACKS spread across Europe.
Together, Tesco and Sainsbury's hold 43% of Britain's grocery market.
Both use fridges from Danfoss, the same supplier behind fridges hacked in France and Sweden, per The Telegraph.
In France, hackers broke into older Danfoss fridge controllers over the internet.
Many hacked fridges there heated to about 50°C, and one store reported 80°C.
No UK stores have been hit so far, but Britain's cyber agency is urging retailers to patch their systems.
BREAKING: 7 EU countries have now reported CYBERATTACKS targeting refrigeration systems.
🇳🇱Netherlands: At least 17 businesses, including butcher shops and cold storage facilities.
🇫🇮Finland: Some K Group stores reported temporary overnight temperature irregularities.
🇧🇪Belgium: Around 40 Delhaize, 15 Carrefour and 5 Spar stores. Temp went 15°C. Losses of at least €100K, with all frozen products thrown away.
🇸🇪Sweden: ICA and Coop stores. One ICA reported settings changed to +50°C. Food discarded, some stores closed.
🇱🇺Luxembourg: 65 stores, several Delhaize stores.
🇮🇪Ireland: 13 SuperValu stores. Temperatures undisclosed. Chilled and frozen goods withdrawn, losses expected in thousands of euros.
🇪🇪Estonia: Major supermarket chains. Freezer set to +50°C. Supplier said rapid intervention prevented damage.
Reports describe similarities to October’s freezer attacks in France, which damaged goods worth millions of euros.
This story is still unfolding.
🚨BREAKING: Apple keeps falling despite posting a RECORD $114.5 BILLION Q4, with HALF its earnings beat from tariff REFUNDS.
Apple earned $2.10 per share vs the $2.00 expected, and $0.05 of that came from tariff refunds.
iPhone sales hit a Q4 RECORD of $57.6 BILLION, above the $56.5 BILLION expected.
Greater China sales missed at $17.54 BILLION, vs $18.75 BILLION expected.
$AAPL is down about 1% after hours, after dropping 1.8% during the day.
BREAKING: Palantir makes more from US companies than the US government for the FIRST time, as sales nearly DOUBLE to $2.31 BILLION.
$PLTR surged as much as 5% after hours, after falling 3% during the day.
Its US commercial revenue jumped 148% to $984 MILLION, topping $953 MILLION from the government.
Total revenue beat the $2.17 BILLION Wall Street expected.
Palantir kept $1.13 BILLION as profit, a 49% margin.
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BREAKING: 🇺🇸 The Nasdaq 100 wipes out more than $1,000,000,000,000 in 5 hours, turning a 1.3% morning gain into a 1.3% loss.
Chip and storage stocks are leading the drop:
$MRVL 🔻13.0%
$INTC 🔻8.9%
$STX 🔻8.1%
$AMD 🔻7.4%
$WDC 🔻7.4%
$SNDK 🔻7.3%
$MU 🔻5.6%
$LRCX 🔻5.2%
$MSFT 🔻2.9%
$AAPL 🔻1.8%
$NVDA 🔻1.2%
Meanwhile, $AMZN is still up 2.1%.
BREAKING: European supermarkets hit by CYBERATTACKS that caused freezers to overheat up to 55°C.
The latest incidents hit stores in Sweden and Belgium, forcing retailers to throw away food.
ICA and Coop, which account for 67.3% of Sweden’s grocery retail market, reported overheating freezers overnight on Monday.
“Everything is ruined,” said an ICA store manager in Sjöbo, where frozen food worth hundreds of thousands of Swedish kronor was destroyed.
In Belgium, around 40 Delhaize stores and 15 Carrefour locations reported freezers warmed to 15°C.
Similar incidents have happened before.
Last month, hackers targeted refrigeration at hundreds of French supermarkets, causing food losses and reported fires.
In August, freezer failures spoiled food at at least six US military grocery stores.
No link between these incidents has been established.
The incidents add to broader concerns over cyberattacks on banks, websites and crypto platforms.
Breaking news to market moves, stay connected for all insights on our Telegram 👇
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JUST IN: 🇺🇸 The SEC keeps moving on crypto without Congress, adding 3 new answers on who controls a crypto network.
Under the new guidance:
1. Token holders voting on a network generally don’t count as a “central party,” unless they’re affiliated or agree to act together.
2. A central party “oversees participation” if it can control access at the protocol, validator or user level.
3. A network being “functional” (its token actually works on it) is different from being “decentralized” (no one controls it).
It’s the SEC’s latest crypto move since the CLARITY Act failed a Senate vote 49 to 50 on Sept 15:
- Sept 17: an exemption for trading tokenized US stocks on blockchain venues
- Sept 25: a crypto FAQ on how securities laws apply to tokens
- Oct 1: a proposal on how investment advisers and funds can hold crypto
It's OVER.
The SEC and CFTC are done waiting for the CLARITY Act.
Regulators have now made at least 9 moves to build crypto rules without Congress.
1. SEC Crypto Task Force
- define what is and is not a security
2. Project Crypto
- modernize SEC rules for onchain markets
3. SEC-CFTC crypto guidance
- classify crypto assets into clearer categories
4. SEC-CFTC harmonization MOU
- reduce overlap between the two agencies
5. Joint Harmonization Initiative
- create shared rules for crypto firms
6. CFTC Innovation Task Force
-speed up crypto and blockchain market rules.
7. CFTC crypto FAQs
- clarify how registered firms can use blockchain
8. SEC Innovation Exemption
- allow tokenized US stocks to trade onchain
9. CFTC proposed crypto market rule
- create a formal framework for crypto asset markets
Crypto may now move forward without CLARITY Act.
🚨ALARMING: Germany is investigating suspected iPhone spyware attacks targeting lawmakers and government officials, per FT.
The reported “zero-click” attack needed only a target’s PHONE NUMBER. No links, files or any action from the owner were required.
Germany’s cybersecurity agency urged recipients of Apple’s alerts to treat their phones as potentially "compromised".
Oct. 29: Alerts began reaching German users.
Nov. 1: Digital Minister Karsten Wildberger confirmed the warning.
Nov. 2: Authorities said they were urgently investigating.
Apple’s latest alerts reached targeted users in 99 countries, bringing its overall reach to more than 150 countries.
The attackers and spyware remain UNIDENTIFIED.
The alerts indicate targeting, NOT confirmed infections.
🇨🇳 UPDATE: China’s central bank shifts to a new overnight policy rate, injecting 541 BILLION yuan ($81 BILLION) into the financial system on day one.
The bank will conduct daily liquidity operations, aiming to ease banks’ short-term funding pressures.
🇨🇳LATEST: China’s yuan climbs to its strongest level against the U.S. dollar since June 2022 as Xi Jinping’s sweeping purge reshapes China’s leadership.
Only TWO of the Central Military Commission’s seven members remain, including Xi, following the removal of most senior generals.
The yuan’s strength is unfolding alongside major political upheaval as the currency’s advance comes amid stronger central-bank fixings and robust exports.
🚨ALARMING: Power outage hits Washington, D.C., a day before the U.S. midterm elections.
Nearly 80,000 customers are WITHOUT power across the U.S., including outages in Washington, D.C., per PowerOutage's data.
- Pepco reports 1,176 customers without power in Foggy Bottom, just blocks from the White House.
- Traffic lights and federal facilities, including the State Department, are affected.
- A substation failure is the probable cause. No restoration time is confirmed.
- The outage affected about 1,800 customers near Morristown and voting sites in Wittmann and Circle City.
- Brief AT&T connectivity issues also affected some voter check-in devices.
- Officials said 99% were functioning and no voters were turned away.
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🚨NEW: Over $106 MILLION reportedly drained from an EU entity’s accounts across multiple crypto exchanges, according to ZachXBT.
The suspected attacker withdrew USDC and USDT, then swapped funds into ETH, routed them through instant exchanges, converted to Monero and bridged across chains.
The entity has not publicly confirmed the suspected theft.
🚨 UPDATE: Binance hacker begins mixing of stolen funds, moving 28 BTC through CoinJoin, per Elliptic.
Funds have passed through roughly 12,000 wallets across 11 chains in over 40,000 transactions.
Around $3.24 BILLION still remains in theft-linked addresses, mostly ETH and BTC, while $2.85 BILLION has been frozen.
The hacker also sent $4 million to three Binance deposit addresses, potentially linked to third-party services.
Binance is restoring withdrawals in phases, with further networks planned for Tuesday.
🚨UPDATE: Binance processes $6.145 BILLION in net outflows as withdrawal pressure eases.
According to DefiLlama’s 24-hour snapshot:
- Net outflows exceeded the tracked assets of Gate, Bitget, Gemini, Bitstamp or MEXC individually.
- Binance still holds $128.87 BILLION in tracked assets, nearly 4.4x OKX’s total.
- The outflows equal approximately 3.6% of Binance’s previously reported $171 BILLION in AUM.
Binance’s scale stands out as it accommodates heavy withdrawal demand in the past 24hours.
