🗞️ BTC hits $90K

November 12, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: FTX sues Binance, CZ seeking $1.76B clawback Bitcoin touches $90K, Tesla +9% on continued Trump trade LG's new stretchable prototype display can grow by 50% Follow us on X | Instagram | Advertise 0. Data and calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. 1. FTX sues Binance, CZ seeking $1.76B clawback, as it settles with former Alameda co-CEO for $70M+ FTX v. Binance et al. 2021: Binance got $1.76B from FTX as part of a share repurchase deal of its 20% stake in FTX International and 18% stake in FTX U.S. FTX and Alameda "may have been insolvent from inception and certainly were balance-sheet insolvent by early 2021," the estate alleges. FTX accused CZ of posting "false, misleading, and fraudulent tweets," "maliciously calculated to destroy his rival." "The claims are meritless, and we will vigorously defend ourselves," a Binance spokesperson said. Meanwhile, former Alameda co-CEO Sam Trabucco has forfeited his yacht, apartments, and $70M claim to FTX, in a new settlement. FTX is also alleging a Mauritian trader cost $1B in losses to FTX and Alameda due to flaw exploits. 2. Bitcoin touches $90K, Tesla +9% on continued Trump trade BTC and Tesla are now the #8 and #11 most valuable assets in the world: CompaniesMarketCap. Tesla is +39%, BTC +28% since the elections. USD dollar index rose to $105+, a 4-month high. Elon is now $70B richer than pre-election. 3. The Best Hearing Aid in 2024: "The Clarity Is Insane"* hear.com Imagine this: you're in a crowded restaurant. You're with friends, family, colleagues – take your pick. There's music playing, people all around, and it's not super easy to hear the conversation. What do you do? Here are your options: You can lean in, read lips, ask for repeats, or… hear me out… you could give this tiny new hearing aid a try… hear.com's new best-selling device is making conversation effortless, even in background noise… and the clarity is insane. So if you want to join 400,000 happy customers and give them a try, you know what to do: Click here! Learn More *Sponsored. 4. LG's new stretchable prototype display can grow by 50% Tom's Hardware. 2.5x previous record of 20% elongation. 12-inch screen with 100-pixel-per-inch resolution that can expand to 18-inches when pulled. Our view: it may look cool, but what are the actual use cases of this technology? 5. Americans see UK, Israel as top allies, Germans see U.S., France Pew Research Center. Americans are more likely to see China, Russia, and Iran as threats Pew Research Center. 6. Interesting videos, posts, and memes Dario Amodei: Anthropic CEO on Claude, AGI & the Future of AI & Humanity | Lex Fridman Podcast #452 David Deutsch: The Era of Man, Popper, and Western Civilization 7. Other headlines AI Scaling up pre-training has plateaued: Ilya Sutskever, co-founder of OpenAI, SSI. Orion may not outperform GPT-4 in coding: OpenAI employee. Amazon steps up effort to build AI chips to rival NVIDIA's. Ecosia, Qwant leveraging AI, new rules to target Google. Top-Quality Talent, 70% Cost Savings—Meet Athyna. *Sponsored. Tech Apple reportedly prepping smart home camera for 2026. Amazon reportedly building driver eyeglasses to shave seconds off deliveries. SoftBank hits largest profits in 2 years on Didi, Coupang IPOs. Monday.com's revenue +33% to $251M. Argentine fintech Ualá raises $300M at $2.75B. NYT tech workers end strike. hear.com's groundbreaking devices that make everything loud and clear* *Sponsored. Tech & law Biden admin to support controversial UN cyber treaty. Apple to face lawsuit by Chinese developer in Beijing. Biotech Excessive drinking rises since Covid. AstraZeneca's revenue +18% to $13.57B. Bayer's revenue -4% to €9.97B on lower demand for agricultural products. 23andMe lays off 200 employees (40% of total), shutting down therapeutics unit. Crypto MicroStrategy buys another 27K BTC for $2B, now holds 279K BTC. Peter Schiff urges traders to buy his 50 NFT collection on Ordinals. U.S. politics Marco Rubio likely chosen as secretary of State: CNN. Kristi Noem picked as Homeland Security secretary. Rick Scott gets support from Trump allies in Senate GOP leadership race. Powell ready for legal fight if Trump tries to fire him. Donald Trump Jr. won't be joining administration, opts instead for 1789 Capital. Chris Wallace to quit CNN after 3 years, to venture into streaming. World Iran says it will pursue "its interest" when asked about possible Trump talks. 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