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🔥 Google says it has made a major advance in quantum computing by addressing one of the field’s hardest problems. Its Willow chip used “magic state cultivation” to reduce errors by about 40 times.

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🇮🇷 JUST IN: US Treasury Secretary Scott Bessent says Washington will keep increasing pressure on Iran until its financial lifelines are cut off.

“Iran is facing growing economic strain, and even its so-called allies can’t rescue it.”

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🔥 Morgan Stanley estimates the quantum computing market could grow to $100 billion.

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🇮🇷 JUST IN: Fifteen-year-old oil tankers are now worth 22% more than brand-new vessels, Nikkei reports. The Iran war has forced ships onto longer routes, driving up demand for tanker capacity.

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🇺🇸 BREAKING: Binance.US is looking to raise $100 million to grow its crypto business.

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Patrick Witt confirmed today that he’s leaving the White House Crypto Council for the private sector.

Who will be Trump’s next crypto adviser?

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🇺🇸 ETF FLOWS: Spot BTC, ETH, SOL, and HYPE ETFs posted net outflows on Oct. 14, while XRP and ZEC ETFs saw inflows.

BTC: -$261.46M
ETH: -$129.51M
SOL: -$1.29M
XRP: +$740.41K
ZEC: +$3.68M
HYPE: -$4.95M

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⚡️ TODAY: Vitalik Buterin says zkEVM teams should prioritize security. After ZKsync’s Airbender milestone, he believes the push to make zkEVMs faster has run its course.

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🚨 CRYPTO ISN’T SLEEPING. WHY SHOULD YOU?
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🔥 TODAY: Bitwise CIO Matt Hougan says that whether interest rates climb, inflation accelerates, a recession hits, or AI takes off, almost every economic scenario could push Bitcoin higher.

“Every road leads to Bitcoin.”

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🚨 JUST IN: More than $485M in crypto positions were liquidated over the past hour, including nearly $465M in longs, as $BTC briefly dipped below $81K.

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🇺🇸 LATEST: Patrick Witt’s term on the White House Crypto Council has ended, concluding his tenure as executive director, according to Eleanor Terrett.

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🚨 The S&P 500 suffered its steepest one-day drop since July 29, shedding around $800 billion in market value as U.S. inflation picked up again.

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🚨 BREAKING: Moody’s says US private-credit borrowers are delaying interest payments and extending loan maturities to avoid default—potentially concealing the true scale of credit stress.

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🚨 JUST IN: Bank of America has brought on 1,000 contractors to help its 3,000 employees fix software vulnerabilities flagged by Anthropic’s Mythos.

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🚨 INSIGHT: Peter Schiff is urging investors to swap Bitcoin for gold ahead of a possible market downturn, pointing to rising inflation and bond yields.

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🇺🇸 JUST IN: U.S. inflation climbed to 3.7% in September. Cleveland Fed President Beth Hammack warned that consumers are increasingly accepting higher prices as the new normal.

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🚨 NEW: President Trump says Japan will invest $21 billion to build two GlobalFoundries semiconductor plants in Malta, New York. The project is expected to create 27,000 construction and supply-chain jobs, plus more than 1,000 manufacturing roles.

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🚨 BREAKING: President Trump says South Korea will invest $50 billion in Alaska LNG. Taiwan has also committed to purchasing $70–80 billion in LNG and investing $4.4 billion in equity.

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🇪🇺 Circle’s USDC has become the first stablecoin deemed “significant” under the EU’s MiCA rules. From November 12, it will be directly supervised by the European Banking Authority.

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