US CPI came in HOT today. Headline 0.4% vs 0.3% expected, Core 0.3% vs 0.2% expected.
That put a 50bps Fed hike back on the table, yields spiked, $DXY ripped, and $GBPUSD dumped straight through 1.34.
Hot inflation = stronger dollar = $GBP sell-off.
Resistance held on $GBPUSD after a strong supply mitigation.
Next move: liquidity draw lower, or buyers push back ? I'm monitoring $DXY / $GBPUSD closely for a great reaction.
Unfortunately, I wasn't able to see all the comments, so I'm not sure whether my account is shadowbanned or if there was a technical issue.
As a result, I had to select the winners from the comments that were visible to me.
Congratulations to the winners! 🎉
@merytrades & @CEOromer04
And to everyone else, I'm sorry if your comment wasn't visible. I truly appreciate everyone's participation and support.
I'll make sure everything runs more smoothly next time. Thank you for your understanding! ❤️
As promised, now that I've earned my challenge reward, I'm giving two lucky traders the chance to win a $10K Mintply account each! 🎁
How to enter:
1. Follow me and @mintply .
2. Repost & Tag three trader friends in the comments.
3. Tell us what you like most about Mintply's reward model.
Want to learn more?
Check out their website here:
https://t.co/Q9t3FTkHql
I'll announce the two winners on Monday, November 9th! Good luck, everyone! 🚀
2008: The Housing Crisis
202x: The Compute Crisis
203x: The AI Crisis
202x: Venture capital running out, requiring financial engineering en masse, to achieve compute supply supremacy over their hyperscaling counterparts, with a commodity that keeps improving (and inevitably be oversupplied), turning previously acquired supply into dead assets on their balance sheets + a lot of debt.
203x: Permanent unemployment, requiring a restructuring of sociology and economics as we know it (using means like UCI).
The Bianance hack money is frozen. Yep. But the hackers went to aave BEFORE it was frozen and took a loan against it in ETH.
So the frozen USDT is sitting in a loan that obviously will never be paid back and they have the clean ETH. They knew it could be frozen so they had already prepared for it.
There are levels to the hacking game and we may have found the newest boss
🚨 BREAKING: GLOBAL FINANCIAL SYSTEM UNDER PRESSURE.
Markets are bleeding. Financial institutions across 7 countries are reporting cyberattacks. And now Binance is investigating a potential multi-billion-dollar security breach.
🇺🇸 UNITED STATES
• Alphabet (Google) $GOOGL: -12.6%
• Approximately $500 BILLION in market value wiped out.
• Worst trading day in the company’s history.
• Amazon $AMZN: down around 6–7% after hours following disappointing earnings.
🇰🇷 SOUTH KOREA
• Daishin Securities: 38,490 customers’ data leaked.
• Mirae Asset Global Investments: security breach under investigation.
• Bithumb: customer information exposed.
• Shinhan Bank and KB Kookmin Bank also reported data breaches.
LATIN AMERICA
• Cybercriminals used AI agents powered by Claude, Grok and Kimi.
• More than 400 financial targets, including banks and payment companies, were targeted.
• Customer credentials and bank accounts compromised.
🇮🇹 ITALY
• Fideuram, Intesa Sanpaolo’s private banking arm.
• €95 MILLION transferred through an AI-powered impersonation scam.
• €36 MILLION remains missing.
🇮🇳 INDIA
• Small financial institutions reportedly lost ₹300 CRORE (approximately $31 million).
• 150 reported cases involving fraudulent loans and stolen banking credentials.
🇯🇵 JAPAN
• GMO Internet’s currency trading service targeted.
• Hackers demanded $50 MILLION in cryptocurrency.
🇦🇺 AUSTRALIA
• A$4.5 TRILLION in retirement savings potentially exposed to AI-powered cyberattacks.
• Government cyber alerts increased 80% in one year.
🔴 CRYPTO IS NOW IN THE CROSSHAIRS
Bitget:
• $387.5 MILLION stolen from exchange wallets.
• Suspected North Korean hackers.
Binance:
• Investigating a major potential security breach.
• Approximately $5.78 BILLION in assets tracked across suspected hacker wallets.
• Tether and Circle have frozen more than $2.3 BILLION in associated assets.
• Binance has NOT confirmed that $5.78 billion was stolen.
Now look at the bigger picture.
The world’s largest technology companies are losing hundreds of billions in market value, financial institutions are facing coordinated cyber threats, and crypto exchanges are dealing with billion-dollar security incidents.
AI is changing the game.
The G7 is preparing financial-sector cyberattack simulations, while central banks are taking the threat seriously.
This is no longer just a technology problem.
It’s a global financial security problem.
ARE WE WATCHING THE EARLY STAGES OF A MUCH BIGGER FINANCIAL CRISIS?