A vote on Hegseth’s impeachment could happen as early as next week, though no vote is confirmed and the outcome is still up in the air. ⚡️

Crypto Ignition

⚡️ Marco Rubio may leave the Trump administration after the US Midterms to pursue a 2028 presidential bid, The Independent reports.

He is reportedly among five Cabinet members preparing to resign. If he runs, Vice President JD Vance is expected to be his main rival.

Crypto Ignition

Trust companies and settlement banks can now handle clearinghouse settlements.

The CFTC expanded eligibility and applied the same standards to both. Clearinghouses have a new option for managing daily settlements - because one route is never quite enough.

Crypto Ignition

Is Marco Rubio about to leave his post? For now, he remains US Secretary of State, and no decision has been made about his future.

Bloomberg reports that Rubio discussed stepping down with White House officials after Republicans suffered major losses in the midterm elections. The election results may have helped prompt the talks.

Crypto Ignition

Is Marco Rubio already eyeing 2028? White House officials say he hasn’t declared it as a goal. They also dismissed reports that he plans to leave the Trump administration to run for president, calling them “completely baseless” and “fabricated.”

Crypto Ignition

⚡️ Nasdaq is heading for its steepest one-day drop in 19 months, with chipmakers leading the slide. The trigger: fears of AI regulation after Democrats won control of the US Congress. Wall Street’s chip stocks are having a decidedly rough day.

✅ Trade on WEEX 💸

Crypto Ignition

60% of Paraguay’s adults bank with Ueno Bank. When the bank went down, millions of customers lost access to their accounts, cards and app.

The outage followed intervention by the central bank. At the same time, US stocks were falling, Paraguay’s president resigned, and USDT traded at a 15%-20% premium.

Crypto Ignition

Walleye Capital, a $17B hedge fund, is restructuring its equity business after its worst month since March 2020. The changes include leadership departures and the exit of a substantial share of its portfolio managers. The firm also plans to return some investor capital.

The timing has drawn attention to a separate attempt to sell $500M in data-center loans by an unidentified seller. Speculation has linked the seller to Walleye, though that connection remains unconfirmed. If true, it could signal that the AI sell-off is spreading beyond public equities into private credit.

Crypto Ignition

⚡️ Trump on Iran: “I’d prefer not to destroy what remains of the country, if possible. But I may have to.”

✅ Trade on WEEX 💸

Crypto Ignition

How much further have markets fallen? Nasdaq 100 futures are down 7.1% over the past 12 hours as after-hours selling continues.

The S&P 500 has lost $5 trillion since its October 6 high.

Crypto Ignition

⚡️ What prompted Trump to speak out? After today’s stock market crash, he called it one of the market’s “worst days in history.”

✅ Trade on WEEX 💸

Crypto Ignition

Texas could halt AI data center expansion until safeguards are in place.

Governor-elect Gina Hinojosa says lawmakers need to act first. She told CNN that data center activity should stop until protections are established.

Hinojosa is set to become Texas’s first Democratic governor since 1995.

Crypto Ignition

Did Galaxy $GLXY’s CEO just buy the dip? Novogratz picked up $9.9 million in company stock after shares fell 41%. The board also approved another $200 million for buybacks.

Crypto Ignition

Several hedge funds are reportedly facing steep losses, investor withdrawals and possible closures this week.

Walleye Capital, which manages $17B, posted its worst month since March 2020, falling 5.9% in October. The firm is cutting equity long/short leadership and teams, returning capital, and shifting toward volatility and quantitative strategies.

Others named in the shakeout include Axebrook, Engineers Gate, Lone Pine, Millennium’s internal pods, Verition’s pods and Samlyn.

Crypto Ignition

Higher energy costs could trigger a chain reaction: stronger wage demands, then rising prices across the economy. ECB official Philip Lane says the threat is real.

One factor is fiscal policy. It has been looser than expected. Tightening is planned for next year, but there is still room to curb spending now.

Crypto Ignition

Trump said the Iran war was largely to blame for the Republicans’ defeat. Still, he insisted the operation was needed to stop Iran from getting nuclear weapons.

He also said he would “get along” with the Democrats. A diplomatic plot twist.

Crypto Ignition

Which states will accept Trump’s offer to gain financial benefits from AI? The proposal could deliver economic gains to states that choose to take it up.

Crypto Ignition

Elon Musk says Cybertruck production could start winding down around mid-2027. Production is continuing for now, and Tesla has not announced a shutdown. If the timeline holds, it would mark the beginning of the truck’s final chapter.

Crypto Ignition

Could Tehran’s willingness to discuss previously off-limits nuclear issues help bring the war closer to an end? The change may signal progress in negotiations and move both sides toward a deal. 🤝

Crypto Ignition

October added 165,000 jobs, well above the 64,000 forecast. Unemployment was 4.1%, below the expected 4.2%. September’s job gains were also revised up by 28,000. Together, the figures strengthened expectations of a December rate hike. The case is becoming harder to dismiss.

Crypto Ignition

What drove the semiconductor rally at the US open? The trigger remains unclear, but the index jumped 5.4%, with SanDisk leading the gains at 10.4%. The Dow, by contrast, fell 1%.

Crypto Ignition