The elephant in the room:
AI stocks are outperforming consumer stocks by 20%+ over the last 60 DAYS.
And, as AI investment exceeds $1 TRILLION per year, car repossessions are at 2009 levels.
There are 2 US economies: Rich vs Poor, and AI is the lifeline of it all.
(a thread)

Twitter

Around 3:48 PM Beijing time on November 3rd, an on-chain data monitoring platform suddenly detected an unusually large transaction at Balancer, the vault address of a long-established DeFi protocol.

Etherscan data showed that multi-chain assets, including 6,587 WETH (approximately $24.5 million), 6,851 osETH (approximately $26.9 million), and 4,260 wstETH (approximately $19.3 million), were transferred to external wallets.

[1762161060129096.png] The Balancer team...

Another DeFi crisis! Balancer suffers a $116 million theft, and losses continue to mount...

U.S. President Donald Trump sat for an extended interview with the news program "60 Minutes" that aired Sunday evening. The topic of cryptocurrency came up at the tail end of the 90-minute interview, ...

President Trump talks crypto, corruption and Changpeng Zhao in '60 Minutes' interview

The cryptocurrency market is once again in turmoil as GIGGLE — an emerging memecoin — suddenly lost up to 40% of its value after Binance CEO Changpeng Zhao (CZ) officially denied any connection between...