OpenAI Shifts Strategy as Rate of ‘GPT’ AI Improvements Slows — TI

BITCOIN HITS $80K — NEW ATH

ETHEREUM RESEARCHER, JUSTIN DRAKE TO UNVEIL HIS AMBITIOUS ETHEREUM CONSENSUS LAYER REDESIGN PROPOSAL TOMORROW AT 5PM ON THE DEVCON MAIN STAGE: 𝕏

EVENT: LINK

FTX Sues Binance, Former CEO Zhao Seeking $1.8 Billion Clawback: BBG

*FTX also accused CZ of posting a series of “false, misleading, and fraudulent tweets” shortly before FTX’s collapse, the content of which was “maliciously calculated to destroy his rival

PRE-MARKET:

*COINBASE +15%
*MICROSTRATEGY +10%

The Week Ahead | @infinityhedge

Macro:
*Nvidia AI Summit on 12
*Earnings: SoftBank, Spotify on 12
*Earnings: Cisco, Tencent on 13
*U.S. CPI on 13
*Fed Chair Powell Speaks on 14
*Japan GDP (QoQ) (Q3) on 14
*Earnings: Alibaba on 15

Crypto:
*HYPE Users must review and accept the Genesis Event Terms to participate in Airdrop before Nov. 11, 2024 23:59 UTC
*Marathon Digital Holdings Earnings on 12
*DevCon 7 Event, Bangkok [11-15] [Uniday, Kraken, ETH, etc]
*Upbit Conference Seoul, Korea on 14
*Form 13F Filing Deadline on 14

**If you're planning to hit up the Emergence Conference in Prague on December 5-6, 2024, you can get 20% discount using the code 'INFINITY20'. Thanks to Tim Copeland [TheBlock] for this sweet discount for our community!

Token Unlocks:
$APT: $90M: 2.18% on 11
$STRK: $30M: 3% on 15
$CKB: $20M: 3% on 16
$ARB: $60M: 2.4% on 16

What Bloomberg Economics Says:
“We expect both CPI and PPI to come in hot, pushing long-end rates even higher — and further restraining the economy over the next couple months. We expect control-group retail sales to slow and the unemployment rate to continue to climb, reaching 4.5% by year end.”

Earnings/Charts/Articles ⬎

MicroStrategy has acquired 27,200 Bitcoins for $2Billion in cash, at an avg. price of $74,463 per Bitcoin btw Oct. 31, 2024 and Nov.10, 2024.

GOLD DOWN 2%

TRUMP EYES PRO-CRYPTO CANDIDATES FOR KEY FINANCIAL AGENCIES: WAPO

SOME OF THE NAMES UNDER CONSIDERATION FOR THE SEC AND OTHER POSITIONS INCLUDE DANIEL GALLAGHER, HESTER PEIRCE, MARK UYEDA, PAUL ATKINS, AND CHRIS GIANCARLO

THE CANDIDATE SELECTED FOR THE SEC IS SET TO REPLACE ITS CURRENT CHAIRMAN, GARY GENSLER

MICROSTRATEGY SHARES HITS NEW ALL-TIME HIGH AFTER NEARLY 25 YEARS

BLACKROCK'S SPOT BITCOIN ETF $IBIT HITS ANOTHER RECORD VOLUME OF $4.5B TODAY

BITCOIN SURPASSED SILVER IN MARKET CAP

COINBASE APP RANKINGS:

*FINANCE: 3
*APPS: 44
*OVERALL: 50

*7 MONTH HIGH

NINETY THOUSAND UNITED STATES DOLLARS PER BITCOIN

Justin Drake proposes 'Beam Chain,' an Ethereum consensus layer redesign: link

*Beam Chain would target faster second block times, smaller validator stakes, "chain snarkifaction," such as zkVMs and, ultimately, making Ethereum post-quantum secure

+Justin drake confirmed BEAM CHAIN is not ETH 3.0

ETHEEEEEREEEEUMMMM by VitalikButerin

Reports: Updating Phantom wallet [reported on iOS] might wipe out your wallets if you don't have your seed phrases saved somewhere so yk just save the phrases first before updating ⚠️

*US OCT. CORE CPI RISES 3.3% Y/Y, EST. +3.3%

*OCT. CORE CPI RISES 0.3% M/M; EST. +0.3%
*OCT. CORE CPI RISES 3.3% Y/Y; EST. +3.3%

*US CPI MoM: 0.2% [Est. 0.2%]
*US CPI YoY: 2.6% [Est. 2.6%]

*US OCT. CONSUMER PRICES RISE 2.6% Y/Y, EST. +2.6%
*OCT. CONSUMER PRICES RISE 0.2% M/M, EST. +0.2%

DOLLAR INDEX $DXY HITS ONE YEAR HIGH

*BTC DOWN 4%
*COINBASE DOWN 15%
*MICROSTRATEGY DOWN 15%