









Prior was -1892K Gasoline -222K vs +153K expected Distillates -3565K vs -100K expected API data from late yesterday: Crude -5267K Gasoline +1427K Distillates -270K It's all about Trump and the Iran war today. There's a line of thinking that he will blame his advisors or others for the Iran war and l

Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Prior was 54.9 Prices paid 73.0 vs 74.0 prior New orders 55.9 vs 59.8 prior Employment 51.4 vs 50.1 prior Business activity 53.8 vs 56.5 prior This is a step back from September and suggests there is no big acceleration ongoing in the US economy but that services are still strong. Prices paid are ex
Prelim was 57.9 Prior was 58.8 Composite PMI 55.9 vs 57.6 prelim Coimposite prior was 58.4 Sentiment regarding future activity fell to its lowest since May Demand was reported to be high Sentiment was overall at its lowest since May This adds negative risk to the ISM services report at the top of th
One of the clearest messages from Tuesday's US midterm elections had nothing to do with Republicans or Democrats. It was a resounding rejection of data centers. Communities across the country voted on dozens of ballot measures involving data-center construction, zoning, moratoriums and development r

The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.



Prior month +4.2B The details of the Canada Trade Balance for the month of September: Merchandise trade balance: C$5.4 billion surplus. Prior C$4.95 billion surplus 9revised from C$4.20B. Exports: +0.2% MoM to C$78.6 billion vs C$78.41B prior. Prior +3.2%. Imports: -0.3% MoM to C$73.71 Billion vs C$
Prior was -$105.6 billion Goods trade balance -135.0B vs -$134.9 billion prelim US-China balance -$21.87 vs -$18.4 prior Exports $321.51 billion vs $315.67 billion prior Imports of capital goods are a good measure of AI spending and that rose to $157.97 billion vs $146.41 billion previously. Expect


Details Prior was +90K Construction +13K vs +15K prior Manufacturing -1K vs +17K prior Natural resources and mining -8K vs -1K prior Financial activities +15K vs -16K prior Professional and business services -27K vs -11K prior Education and health services +28K vs +55K prior Leisure and hospitality



Headlines: US midterms 2026: Who would've thought that a war would be a bad idea? US futures continue to trim losses after early beatdown but AI worries linger Macro pulse: What if good news for stocks turns into bad news for the bond market? Nasdaq futures slide after Trump's midterm setback. AMD a

SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.












Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.







Crude oil extended the selloff yesterday after Al Arabiya reported that the US and Iran had made concessions regarding the Iranian nuclear program and frozen funds, and that Washington had approved the draft of the Memorandum of Understanding. The report also added that the announcement would be mad

Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10.
Treasury yields fell on Tuesday night, as investors sought shelter from a sell-off in equity futures sparked by big victories from Democrats in the U.S. midterm elections.
Eurozone October preliminary CPI +4.0% vs +4.0% y/y expected Prior +3.8% Eurozone October preliminary core CPI +2.5% vs +2.5% y/y expected Prior +2.5% Headline annual inflation in the euro area climbs to 4% in October, hitting that mark for the first time since September 2023. Now, that's a doozy fo

Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.

The Binance attackers moved most of the stolen SOL and continued laundering funds through THORChain after the protocol resumed swaps.
Prior 51.7 Composite PMI 50.8 vs 50.8 expected Prior 51.0 Key findings: Growth in activity back in line with trend, supported by stronger new business inflows Business sentiment strongest since November last year Input cost inflation surges to almost four-year high Comment: Eleanor Dennison, Economi

Democrats will take control of House committees in January 2027, giving them power to investigate President Donald Trump’s administration.
EUROPEAN SESSION In the European session, we get the final services PMI for the major Eurozone economies and the UK. The data won't change anything for the respective central banks, so the market reaction will likely be muted. The main highlight is going to be the Eurozone CPI report. Headline CPI Y

Bitcoin price downside reached a seven-week-low of $75,618 as 24-hour crypto long liquidations neared $300 million.

Ethereum researcher Justin Drake said it is their “hope” that Ethereum will achieve its post-quantum and post-AI transition by December 2028.
Well, well, well. Who would've thought that starting a war might not be the greatest way to win over voters? That especially when ordinary Americans are the ones feeling the pinch and getting hit where it hurts most, that being their wallets. And now, it looks like Trump is the one paying the politi
China’s yuan slides to two-week low as PBOC moves to slow its rally Iran’s IRGC says four tankers destroyed by mines south of Hormuz, two vessels detained Trump allies are pointing to the Iran war as the reason for the election disaster US futures slide as Democrats lead midterm count, AI data centr

The shift in Senate control could change the path for the CLARITY Act, reshape committee leadership and bring closer scrutiny of Trump’s crypto businesses.
The joke tonight is that Trump went to Iran for regime change and he got it, only in the USA. The numbers so far are ghastly for Republicans in a huge blue wave, including multiple major upsets and a possible Senate majority so large it will be nearly impossible to reverse for 4-6 years. There is st

The French bank has not confirmed its alleged involvement in the crypto theft, which ZachXBT said could have resulted in losses exceeding $133 million.



Follow live coverage of the 2026 US midterm elections, including key congressional races, crypto-backed candidates and what the results could mean for digital asset regulation.


The data adds to the picture of a Chinese economy still growing but struggling with weak pricing power, which helps explain why authorities are leaning on targeted support such as this week’s expanded buyback lending . Falling selling prices alongside rising costs point to margin pressure for listed

It's no longer early as US votes roll in. There is a highly statistically significant number of districts reporting now and some of them reporting completely. The numbers are showing a 10-35 point swing towards Democrats. If even the bottom of that holds, it's a huge swing towards Democrats. For ill
The steady drift lower in the kiwi since the release suggests traders are pricing out some of the chance of a December hike rather than reacting to a one-off headline. The fall in two-year swaps supports that reading. With the RBA still leaning hawkish, the widening policy gap leaves NZD/AUD vulnera




Crypto executives expect US regulators to drive crypto policymaking regardless of the midterm election outcome.
I highlighted KY-06 as an early district to watch as a barometer of today's vote and now some real results are crossing and betting markets are moving. In Anderson County, the numbers show the Republican Alvarado leading by 19 percentage points. That's good, right? No, it's not because in the prior

THORChain has restored trading on Bitcoin, Ethereum and several other networks following a refund bug, while three chains remain paused.
Carney’s remarks offer modest support for the Canadian dollar, as any easing of the 50% US tariff would lift a weight on Canadian exporters and the growth outlook. The lack of a timeline limits how much a trade-deal premium can build, so USD/CAD is likely to stay more sensitive to the US midterm res

SpaceX joined several other issuers objecting to OKXICE tokenized trading, months after crypto platforms offered tokens tied to its shares.
The miss on every major measure is likely to weigh on the New Zealand dollar and trim pricing for a December rate hike. The kiwi was already near a cycle low against the Australian dollar after last week’s RBNZ hold, and the gap with a more hawkish RBA now looks set to widen. The weak jobs figures a
JOLTs Job openings 7.523M vs 7.100M estimate US September factory orders +1.8% vs +1.2% expected Trump on Israel: The aid gets cut off at year-end Never tell me the odds: Prediction markets see Democrats taking control of House and Senate BOC's Macklem: There could be a need to raise the policy rate
Oil has been falling this week but there's a fair argument that Trump could be attempting to send false signals in order to lower oil prices ahead of the vote. Behind the scenes, the US military has been angling to be in a position to attack immediately after the midterms. The New York Times cites U

US regulators are opening the door to stock-based perpetual futures, extending a popular crypto trading product into traditional markets amid ongoing legal disputes.
Midterm election day continues in the United States without too much drama. All the talk of false flags and martial law on election day hasn't taken place and the polling disruptions have been minimal and certainly not widespread. Here’s the schedule for when the polls close across the US. States th

Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff.


The latest prediction-market prices show another modest shift toward Republicans in Senate control, while House control is largely unchanged. The latter part makes me think the movement is variance in a relatively thin market rather than a signal. In any case, the numbers are worth watching. There i









