Michael Burry Takes Aim at Another Trump-Era Trade

Michael Burry, the investor made famous by The Big Short, says the charts of Fannie Mae and Freddie Mac now point to worthless stock. Less than a year ago, he disclosed sizable stakes in both mortgage giants.  The two companies back a large share of US home loans and have been under government control since the 2008 crisis. Their shares soared after Donald Trumps 2024 election win on bets he would set them free.  Sponsored  Sponsored  How Far Fannie and Freddie Shares Have Fallen  Fannie Mae closed at $1.39 on Election Day 2024, according to Yahoo Finance data. It peaked at $15.31 on September 11, 2025, and closed Friday at $4.04.  Federal National Mortgage Association (FNMA) Stock Performance. Source: Yahoo Finance  That is a 74% drop from the top, erasing about 80% of the post-election rally. Freddie Mac followed the same path, from $1.20 to $14.15 and back to $3.68.  In a Sunday newsletter post, Burry said both stocks had formed a head-and-shoulders top, a chart shape traders read as the end of a rally.  “What that chart predicts, technically, is worthless stock,” Burry wrote.  Sponsored  Sponsored  Burry said he made a move in both stocks this week. The direction of that trade sits behind his paywall. In December 2025, he told

کل 08:25انڈسٹری

Is Any Hardware Wallet Safe in 2026? Tampered Ledger Devices Expand Beyond Asia

Six hardware wallet brands have disclosed security problems in 2026, but users lost crypto in only two cases. The latest, at Ledger, involved a device tampered with before it reached its buyer.  A hardware wallet keeps the secret 24-word recovery phrase that controls a persons crypto off the internet. This year, attackers went after almost every link around that phrase.  Sponsored  Sponsored  Weak Keys, Lasers, and Data Leaks Hit Wallet Makers in 2026  On July 30, thieves began draining Coldcard wallets whose keys were created with weak randomness. Galaxy Research later said Coldcard losses passed $115 million.  Ledgers in-house security team used lasers to break chips in the Trezor Safe 7 in June and Tangem cards in July. Both attacks need the device in hand and specialist lab equipment.  Trezor said user funds stayed safe. Tangem said the risk to everyday users was “virtually non-existent” and noted the researchers work for a rival.  In August, BitBox fixed several firmware flaws its own engineers called severe. It reported no stolen funds.  Other incidents exposed customers, not keys. Trezors shipping partner leaked data on 13,689 buyers, and a SafePal data breach exposed nearly 40,000 home addresses.  Sponsored  Sponsored  Six hardware wallet brands have disclosed security problems in 2026  “2026 might go down as one of

کل 08:25انڈسٹری

Ledger attack spreads to EU, AI finds ‘18 trillion XRP’ bug: Hodlers Digest

Ledger implant exploit reportedly spreads to Europe after $93.4 million in losses from Asian reseller  A tampered Ledger attack that has already seen an estimated $93.4 million taken from Asian hardware wallet users, has reportedly spread to Europe.  X user Johannes has presented photographs of a tampered Ledger he said he purchased two weeks ago from the European consumer electronics chain MediaMarkt. The implant inside appears to be an earlier version of the one found linked to CryptoBilis shipped devices in Asia, and no funds have been taken.  “Either the device didnt work, or they were waiting for a more widespread usage of the compromised devices,” he said. Former Mt Gox CEO Mark Karpeles, whose investigations into the tampered Asian Ledgers helped bring the problem to light, said the antenna in the device says it is the “Eurasian version” suggesting separate versions of the implant have been sent to regions that use different mobile frequencies. Ledger has not confirmed the reported European device is part of the same attack.  “PSA the ledger incident isnt limited to Asia,” wrote European X user Johannes. Source: Johannes.  The sophisticated attack hit Ledger devices in Asia late last week, after devices from the official reseller CryptoBilis — which had

کل 07:08انڈسٹری

Starknet considers leaving Ethereum for a quantum-resistant Layer 1

Starknets STRK token more than doubled over seven days while developers considered leaving Ethereum to build an independent Layer 1 blockchain.  Related Asset StarkNet Token #72 STRK · $0.12 24-hour change: up 11.88% Loading price history… 24H Up 11.88% 7D Up 99.46% 30D Up 315.59%  A CoinGlass snapshot checked at 20:28 UTC on Oct. 11 showed STRK at $0.1190, up 17.7% over 24 hours and 116.7% over seven days.  On Oct. 8, Starknet said it was actively considering becoming an L1, with 2027 as its target for what it described as the first fully quantum-resistant network. The proposed move would replace its dependence on Ethereums underlying security infrastructure.  Starknet considers Ethereum independence to accelerate quantum protection  StarkWare CEO Eli Ben-Sasson has framed the potential transition as a response to growing concerns that advances in quantum computing and artificial intelligence could undermine existing blockchain cryptography.  Related Asset Ethereum ETH · $2,531.65 24-hour change: up 1.06%  In an X post, Ben-Sasson argued that the quantum threat could arrive sooner than expected and that increasingly powerful AI added urgency to preparations. The debate follows recent AI-assisted advances in mathematical research.  His argument concerns preparing for a cryptographically relevant quantum computer; it does not demonstrate that AI can already break deployed blockchain

کل 07:00انڈسٹری

$100 Exam Could Open Private Markets to Retail as Institutions Pull Back

Americans without $1 million in net worth or a $200,000 salary could soon invest in private companies by passing an accredited investor exam the SEC has put out for public comment.  Right now, wealth decides who counts as an “accredited investor.” Only they can buy into most startups and private funds before those companies list on a stock exchange.  Sponsored  Sponsored  What Would the Accredited Investor Exam Test?  The Financial Industry Regulatory Authority (FINRA), the industry body that licenses US stockbrokers, would build the test, according to the SECs notice.  Anyone aged 18 or older could sit it. Candidates would get about two hours for roughly 75 multiple-choice questions, taken in person only.  The fee would likely match FINRAs entry-level broker exam, currently $100. A pass would stay valid for 10 years.  Investment risks would carry the most weight, at 20% to 28% of the test. Financial statements, conflicts of interest, and corporate governance would also feature.  The SEC is also asking whether certified public accountants (CPAs), Chartered Financial Analyst (CFA) charter-holders, and Certified Financial Planner (CFP) professionals should qualify automatically.  Sponsored  Sponsored  Current accredited investor wealth tests vs. proposed exam and credential pathwaysWhy Armstrong Is Cheering and Who Is Pushing Back  Brian Armstrong, CEO of the crypto exchange Coinbase, called the plan

کل 07:00انڈسٹری

Oil Traders Are About to Test Trumps Russia-Ukraine Ceasefire Claim, But Bitcoin Reacted First

Bitcoin (BTC) rose to $84,000 on Sunday after President Donald Trump declared an immediate energy ceasefire between Russia and Ukraine. Neither Moscow nor Kyiv confirmed the deal.  Oil futures have been closed since Friday. When they reopen Sunday evening in New York, energy traders get their first chance to price a truce that rests on a single post.  Bitcoin Price Performance. Source: BeInCrypto  Sponsored  Sponsored  Why Crypto Short Sellers Paid for Trumps Post  Trump wrote on Truth Social that both sides had agreed and warned them not to break it. He gave no terms, start time, or way to check compliance.  Effective Immediately: An ENERGY CEASEFIRE in the War between Russia and Ukraine. pic.twitter.com/PukfiuHOdy  — The White House (@WhiteHouse) October 11, 2026  Crypto markets moved anyway. Both Bitcoin and Ethereum prices rose in the immediate aftermath of the news, albeit modest gains.  The rise hit traders betting on a fall. A liquidation happens when an exchange force-closes a borrowed bet that has lost too much.  Sponsored  Sponsored  CoinGlass data showed $70 million in short bets wiped out over four hours. Long liquidations totaled only $6.9 million.  Shorts made up 97.1% of the $22.29 million liquidated on Bitcoin in that window. The reaction contrasts with June, when BTC barely moved on the Senates Iran vote.  CoinGlass

کل 07:00انڈسٹری

Oil Prices Keep Rising Despite Plenty of Supply. JPMorgan Explains Why

The world has plenty of oil. Yet prices keep climbing, and JPMorgan says the problem is now at sea. There are simply too few available tankers to move all that crude.  In an October 9 note, the bank warned that a shipping bottleneck is driving up transport costs, even as Middle Eastern producers increase exports.  Oil shipments through the Strait of Hormuz reached 12 million barrels a day in September, up from 7.5 million in July and August. Yet prices remain high.  Sponsored  Sponsored  Remember when JP Morgan came out 2 weeks ago claiming Hormuz flows were near pre-war highs?  Well, they have a new oil report and its not looking good.  “October is beginning to look like April”.  Why?  The cost of shipping crude is skyrocketing and its not changing soon. pic.twitter.com/oDXEkF4Qt3  — Nic (@puckrin) October 11, 2026  The Worlds Oil Tankers Are Running Out of Capacity  According to JPMorgan, 766 of the worlds 923 supertankers were already in use by September. Another 124 Iranian vessels are largely inaccessible to mainstream shipping because of US sanctions.  The remaining ships face longer journeys, while transferring oil between vessels can take up to 10 days.  Consequently, moving Middle Eastern crude now requires 35 more supertankers than the 2025 average, excluding Iranian shipments.  Sponsored  Sponsored  “In April, the problem

کل 07:00انڈسٹری

XRPs Nasdaq Moment Nears: 5 Things to Know About Evernorth

XRP investors are about to get a new way to invest in the token through the stock market.   Evernorth Holdings completed its merger with Armada Acquisition Corp. Its shares are expected to begin trading on Nasdaq on Monday, October 12, under the ticker XRPN.  Sponsored  Sponsored  Simply put, Evernorth is a company holding a large reserve of XRP. Investors can buy its stock through a brokerage account without buying or storing cryptocurrency.  They own shares in Evernorth, rather than XRP itself.  Five Key Facts About Evernorths Nasdaq Debut  1. Trading starts Monday.The original October 8 launch was delayed by an administrative issue. Evernorth expects to ring Nasdaqs closing bell on October 14.  2. Its treasury holds 473 million XRP.The company also reported approximately $300 million in gross cash proceeds before transaction expenses, making it the largest publicly traded pure-play XRP treasury company.  Evernorths XRP Holdings. Source: CoinGecko  3. Ripple is among its backers.Other supporters include SBI Group, Arrington Capital, Pantera Capital, Kraken and GSR. Some investors contributed XRP directly.  Sponsored  Sponsored  4. It plans to put the XRP to work.CEO Asheesh Birla said Evernorth aims to “grow XRP per share over time.” Strategies include earning yield and investing in infrastructure supporting the XRP ecosystem.  5. XRPN is a stock, not XRP.Its share price

کل 06:50انڈسٹری

Optimisms Unichain deal will put more chains under one operator

Optimism is expanding its role as the operator of Ethereum-based chains for other brands. Unichain, Uniswap Labs Ethereum layer-2 chain, plans to transfer its production sequencing, public node access, monitoring and incident response to Optimism under its October 9 migration announcement.  Related Company Optimism A low-cost and lightning-fast Ethereum L2 blockchain.  The planned testnet move on Oct. 13 and mainnet move on Oct. 29 extend the operating strategy set out by Jing Wang in Optimisms Ink announcement: product teams build their applications and ecosystems while Optimism runs the infrastructure beneath them. Soneiums September agreement follows the same division of labor as Inks earlier June plan; both chains use the OP Stack.  For users, the consequence reaches beyond who answers an outage call. A common provider can bring protocol expertise and coordinated maintenance, but it also becomes a common organizational dependency. Each chains deployed contracts determine whether users can get a transaction included and recover funds during a provider failure.  Related Asset Ethereum ETH · $2,525.89 24-hour change: up 0.74%  Unichain moves from support toward operations  Unichain already had an OP Enterprise relationship. Optimisms enterprise introduction, in its version updated July 31, says Uniswap Labs operates Unichain with the Mission Critical add-on. Read alongside the October announcement,

کل 06:00انڈسٹری

Ledger Reveals New Twist in Crypto Wallet Draining Saga, Says Scope Is Limited

French firm Ledger said in an Oct. 11 statement that it has only identified cases of the Oct. 9 crypto theft with devices that were bought from CryptoBilis, an authorized reseller for Southeast Asia.  “The number of impacted devices is limited,” Ledger said without revealing the precise number of compromised wallets.  The firm also emphasized that the incident did not affect its systems or direct sales.  Meanwhile, Ledger is collaborating with the appropriate authorities to determine how the thefts occurred. The company is also contacting the affected customers.  The new statement comes as reports suggest that a significant amount of cryptocurrency has been lost. Blockchain investigators estimate the potential losses to be over $86 million, though the figure has not been confirmed yet.  Unauthorized hardware implant found  This is the latest in a series of concerning findings related to the ongoing investigation.  As previously reported, Ledger said that it found an unauthorized hardware implant on one of the compromised customers devices. This has led to fears that some wallets may have been altered before they were delivered to customers.  However, investigators are still determining whether the same changes caused all the reported thefts.  Following the incident, CryptoBilis announced that it has halted sales of all hardware wallets until further

کل 05:06انڈسٹری
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