Melissa Howell

S&P 500 companies lost $3T yesterday after democrats midterm sweep scared everyone riding AI wave Nvidia alone lost ~$450B and miners turned AI hosts (IREN, cipher, applied digital) dipped 14%+ each Meanwhile ING put ~$500M of data center loans on the auction block - 12 loans, all at once - $25M part tied to Stargate's New Mexico site (OpenAI, Softbank, Oracle) - Oracle already sent that developer a force majeure notice - bids due Nov 19 ING declined to comment on this one. Dumping a dozen loans at once during a selloff kinda says it for them $500M is a rounding error, sure. 2008 didnt start with Lehman either, it started a year earlier with small stuff everyone called contained Does the history repeat itself this time?

Polygon is now debating hardfork to hand $70.4M $POL back from attacker wallets PIP would zero out those balances and credit the same amounts to verified Polymarket and Binance addresses: ~23.86M $POL to recover Polymarket drain, and ~46.63M from Binance hack Validators already blocklisted the addresses, and per the proposal the attacker then offered them cash to unblock tx The proposal calls it a one-time thing not a whole precedent for future hardforks

OKX CEO Star Xu just roasted CZ's first Binance hack interview Xu says the talking tokens episode made him sick, calling it misleading and accusing CZ of downplaying his own responsibility while trashing banks to cover for the failure his takes: - CZ keeps saying "i don't run Binance" while being the loudest Binance voice of the whole crisis - somehow found time to argue with Elon about SpaceX - leans on "only 2% of funds gone" like that answers the security question - marketing for fresh deposits never stopped - comparing exchanges to banks is irresponsible, different threat models, attack surfaces and consequences - "left a pregnant woman on the front line", a shot at co-CEO Yi He CZ's pitch on the podcast was that AI is speeding up hacks so you fight it with AI ("the only way to beat the monster is to become one"), plus an industry security alliance with cross-audits and fast freezes Best part is Xu wrapping the whole dunk with a call to build security standards together "even with competitors" Right after attaching halloween costumes clowning Binance's "multi-layered defense" by the way, this one was diabolical Is Star Xu actually cooking here or what?

Justin Sun vs Trump Justin Sun just asked a federal judge to sanction WLFI and its lawyers He accused World Liberty Financial of concealing information about its ownership structure and its ties to the UAE while he was suing them over his frozen $WLFI timeline: - June: WLFI tells the court its only citizenship is Florida - August: judge keeps Sun's case in open court, not private arbitration - less than a week later: amended filing, 20+ entities in the ownership chain across Florida, Delaware, Puerto Rico and the UAE - now WLFI uses that UAE link to argue the federal court has no jurisdiction Dec 10: Sanctions hearing is scheduled on Dec 10 Sun says he burned ~$264k fighting in a courtroom, and wants them and their lawyers to pay the bill now His own 4B $WLFI has been frozen since Sep 2025 btw The same guy who topped the $TRUMP dinner leaderboard last year is now saying WLFI was "proudly american when it was selling tokens" Who's gonna win? Place your bets