Economic Announcements - The U.S. Jobless Claims for the week are expected to be released with a consensus of 229K for initial claims [2] - The PPI-Final Demand for September is anticipated to rise by 0.3 percent, compared to a decrease of 0.1 percent in the previous month [3] - The Commerce Department's Retail Sales for September is projected to increase by 0.4 percent, down from a 0.6 percent rise in August [3] - The Philadelphia Fed Manufacturing Index for October is expected to be 7.5, a significant drop from 23.2 in the prior month [3] - Business Inventories for August are forecasted to increase by 0.2 percent, consistent with the previous month [4] - The Housing Market Index for October is expected to be 33, slightly up from 32 [4] Federal Reserve Speeches - Fed Governor Michael Barr will discuss 'Stablecoins' at 9.00 am ET [6] - Fed Governor Christopher Waller will address the economic outlook at the Council on Foreign Relations at 9.00 am ET [6] - Fed Vice Chair Michelle Bowman will speak at the Federal Reserve Stress Testing Research Conference at 10.00 am ET [7] - Richmond Fed President Thomas Barkin will present on 'Staying Sanguine About the Horizon' at 4.30 pm ET [7][8] Market Performance - Asian shares finished mostly higher, with Japan's Nikkei average rising by 1.27 percent to 48,277.74 [9] - The Australian benchmark S&P/ASX 200 climbed 0.86 percent to a record closing high of 9,068.40 [10] - In the Asian trading session, gold prices reached above $4,230 an ounce, marking a record run [10]

RT Tamar 天马 (@tamarincrypto)Non-USDC/USDT stablecoins on @solana have been steadily growing - now over $2B in supply. 👀(s/o to @artemis for the data) https://t.co/Cotsqj9dln ...

Bitcoin is the digital savings account, stablecoins are the digital checking account, and tokenization will be the digital brokerage account. ...

RESEARCH: How Stablecoins Are Building Tomorrow's Financial RailsOur latest research, in partnership with @OwlTing, explores how stablecoin rails could flip the equation:▪️ Settlement in seconds instead of days▪️ Costs shrinking to fractions of a cent▪️ Global reach without traditional banking constraintsThrough $5M+ in licensing investments and partnerships with networks like Visa, OwlTing aims to build the invisible connective tissue between TradFi and crypto.Read the full research report: https://t.co/Uk ...

How Stablecoins Are Building Tomorrow's Financial RailsJust as semiconductors power smartphones invisibly, stablecoins are emerging as the unseen infrastructure of tomorrow's payments.New research from CoinDesk, supported by @OwlTing 👇 ...

Three months after the US enacted its first legislation laying out a regulatory framework for stablecoins, concerns about the risks this type of cryptocurrency are on the rise https://t.co/bRXSzJL4ey ...

Core Insights - Warren Buffett plans to step down as CEO of Berkshire Hathaway at the end of the year, but there are still investment opportunities in his top stock picks [1] Group 1: Berkshire Hathaway Stock Recommendations - **Stock to Buy No. 1: Visa** Visa is a leading payments network that facilitates secure transactions globally, with a presence in over 200 countries and territories. The company serves 4.8 billion credit and debit cardholders and has partnerships with over 150 million merchants [3][4] - Visa processed 322 billion transactions totaling $16.4 trillion in the last 12 months, generating $5.8 billion in adjusted net income in the third quarter, a 19% increase year-over-year [5] - With anticipated interest rate cuts by central banks, Visa's profits are expected to rise. The company is also innovating with features like tap-to-pay mobile payments and AI-powered offerings, positioning itself at the forefront of digital commerce [6][7] Group 2: Additional Stock Recommendation - **Stock to Buy No. 2: Occidental Petroleum** Occidental Petroleum is highlighted as another attractive investment, having recently completed a significant deal that will enhance its oil and gas production capabilities in the coming years [8][10] - The company is undergoing asset sales to streamline operations, making it a stronger entity in the energy sector [9]

How Stablecoins Are Building Tomorrow's Financial RailsJust as semiconductors power smartphones invisibly, stablecoins are emerging as the unseen infrastructure of tomorrow's payments.New research from CoinDesk, supported by @OwlTing 👇 ...

Regulatory Landscape & Banking Influence - The banking sector actively lobbies against crypto initiatives like stablecoins that offer interest, fearing competition and potential business disruption [1] - New regulations, exemplified by the GENIUS Act, restrict stablecoin issuers from paying interest to holders due to banking lobbying efforts [1] Financial Crisis & Self-Custody - A potential financial crisis could drive individuals to seek self-custody solutions to mitigate counterparty risk associated with banks [1] - Banks may impose restrictions on withdrawals, potentially through centralized exchanges (CEXes), to prevent consumer deposit flight during a financial crisis [1] Private Money & Political Influence - Demand for self-custodied and private money solutions is expected to increase significantly in scenarios where banks attempt to control access to funds [1] - The severity of potential financial restrictions and regulations on crypto could be exacerbated depending on the political climate and regulatory figures in power [1]

Industry Recognition & Transformation - The IMF acknowledges digital money as a new financial reality, signaling the end of denial from establishment institutions [1][2] - The shift is architectural, diffusing the power to issue and control money from institutions to open systems [3] - Traditional finance's edge (regulation, custody, distribution) is eroding as users can hold sovereign digital cash directly [7] - Networks like Ethereum, Solana, Avalanche, and Bitcoin are emerging as new jurisdictions of trust, not just currencies [9] Central Bank Digital Currencies (CBDCs) & Control - Central bank digital currencies (CBDCs) will increase traceability and expand inclusion but also introduce new forms of control via programmable money [4] - The next economic divide will be between societies with open digital systems and those with centralized databases with surveillance [6] - Central banks will issue digital currencies to preserve control, while private institutions will tokenize assets to preserve relevance [14] Open Systems & Innovation - Open systems optimize for freedom and will likely win due to their compounding effect, attracting talent, energy, and trust [15][25] - The new financial order will reward interoperability over control, allowing money to flow freely like information [16] - Governments need to learn from the internet's evolution, creating flexible, innovation-friendly frameworks to become economic hubs [20] Meme Coins & Cultural Impact - Meme coins demonstrate how money can form bottom-up through culture and community, decoupling belief from authority [11] - In digital markets, fundamentals follow networks; memes come first, and infrastructure catches up [12] - Meme coins turn communities into monetary networks, expressing collective value at internet speed [13]