INTEL: 🚨 $3 TRILLION VANISHED FROM US STOCKS IN ONE SESSION

AI and chip stocks cratered the day after the midterms.
- Nasdaq 100: -6.3%
- S&P 500: -4.3%
AI giants:
- $NVDA -9.0%
- $MSFT -3.5%
- $GOOGL -2.3%

Data centers got hit hardest:
- $IREN -16.0%
- $NBIS -15.1%
- $CIFR -14.6%

The best post-midterm rally in 44 years lasted exactly one day.
Crypto followed:
- $BTC: -6.4% at the low
- $ETH: -7.9% at the low

The trigger:
Democrats now hold Congress, and Rep. Yassamin Ansari says day 1 should bring a pause on advanced AI, tight regulation and a ban on superintelligence. Add Sanders' push for a national data center moratorium, and Wall Street is pricing an AI buildout slowdown.

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INTEL: TRUMP JUST NOW ON IRAN "I MAY HAVE TO DESTROY WHAT IS LEFT OF THE COUNTRY"

"Now we will make a decision. Do we want to go further... and ensure that this will never happen again. I would prefer not to destroy what is left of the country, if possible, but I may have to do so. You will know very soon."

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INTEL: 96 crypto wallets drained in 70 minutes in suspected Railway-linked attack

Definitive growth lead Carlos says his old hot wallet was emptied too. Relay says it has blocked the attacker's wallets and users with hot wallets should rotate keys now

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INTEL: Galaxy $GLXY CEO Novogratz buys $9.9 million of company stock after a 41% slide

Galaxy's board also approved an extra $200 million buyback program

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INTEL: Multiple hedge funds reportedly facing heavy losses, investor withdrawals, and fund closures this week

Named in the shakeout:
- Axebrook
- Walleye Capital ($17B) - worst month since Mar 2020 (-5.9% Oct); cutting equity L/S leadership + teams; returning capital; leaning into Vol + Quant
- Engineers Gate
- Lone Pine
- Millennium internal pods
- Verition pods
- Samlyn

Crowded AI + leverage is eating the multi-strats.

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INTEL: Singapore Police Force says it prevented $17.4M in scam losses in a joint operation with crypto exchanges

- Blockchain analysis + customer data from platforms including Coinbase and OKX
- More than 383 victims identified
- Intel shared with the FBI, New South Wales Police Force, and Canadian Anti-Fraud Centre
- Led to identification of 32 foreign victims

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INTEL: ECB's Lane warns energy inflation will feed into wage talks and prices across the economy

He also says fiscal policy has been more expansive than expected, with tightening expected next year and after

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INTEL: China's central bank stops Solana's Shanghai event before it starts

The PBOC says promoting Solana breaks February's crypto ban and will investigate the companies and people involved. The ad on Citigroup Tower in Lujiazui is part of the probe

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INTEL: Hyperliquid Strategy $PURR now holds 16% of all HYPE in circulation

The Nasdaq-listed firm added about $790 million of HYPE last quarter, funded by issuing new shares

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INTEL: North Korea-linked hackers may have had access to Binance systems 8 weeks before the hack, SEAL says

Binance said the attack began with a fake job interview that infected an employee's device and exposed wallet infrastructure credentials. North Korea denies any involvement

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INTEL: US and Iran move closer to a potential agreement to end the war | Per Bloomberg

Tehran is reportedly willing to discuss nuclear issues that were previously off-limits, a possible shift in the negotiations

Updates
• Tehran shows willingness to discuss its nuclear program
• Iran's Bagheri Kani says no return to diplomacy on basis of 'paper commitments'

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INTEL: US economy adds 165K jobs in October vs 65K expected

Before the report, CME FedWatch priced a 72.8% chance of a Fed rate hike in December

Updates
• Private payrolls 159K vs 64K forecast and 78K previous
• Aug and Sep payrolls revised up a combined 84,000 jobs
• Average hourly earnings rose 0.4% monthly vs 0.3% expected in October
• Average hourly earnings up 3.1% year on year vs 2.9% expected

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INTEL: Semiconductor index soars 5.4% at the US open

SanDisk leads with a 10.4% jump as the Dow slips 1%

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INTEL: Final rule letting 401(k) plans hold crypto sent to White House for review | Per Bloomberg Law

The Labor Department rule would give fiduciaries a legal safe harbor to add private equity, real estate and crypto to retirement plan options

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INTEL: Gnosis Pay data breach exposes users' home addresses, card and wallet details

Rotki founder Lefteris Karapetsas says his own address was leaked. The notice says enterprise programs were unaffected and the number of affected accounts is still unconfirmed

Updates
• Gnosis plans to offer hackers 'vesting' to stop spread of stolen data

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INTEL: Senator Lummis says Democrats voted against keeping repeat offenders out of crypto

Lummis says the Clarity Act already includes Democrats' request to ban bad actors from other securities offerings from crypto offerings too

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INTEL: OpenAI CFO confirms fundraising talks at almost a 50% higher valuation than the March round | Per CNBC

Sarah Friar says the demand for AI is real

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INTEL: US sanctions 45 more targets tied to alleged Prince Group crypto scam empire | Per OFAC

OFAC says offshore companies and associates helped Prince Group executives hide assets and dodge earlier sanctions

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