Last week the Fed was cutting. This week it might hike.

• September CPI came in hot, suggesting potential Fed rate hikes and putting markets under pressure.
• Kraken's parent company is acquiring a European bank to expand into deposits and lending, signifying crypto's integration into traditional finance.
• Strive is proposing a new 15% preferred stock to fund Bitcoin purchases, offering a fixed annual cumulative dividend.
• Coinbase urges preparations for potential quantum attacks on Bitcoin, highlighting the need for network changes and wallet migrations.
• The speaker advises against speculative trading in pre-IPO futures for AI giants, emphasizing that exposure is not ownership.

September CPI came in hotter than expected, leading to market pressure and increased likelihood of Fed rate hikes, contrasting with recent rate cut expectations. The speaker criticizes the arbitrary nature of market reactions to economic data and advocates for long-term Bitcoin holding as a hedge against government irresponsibility. Key crypto news includes Kraken's parent company acquiring a European bank, Strive launching a preferred stock to fund Bitcoin purchases, Coinbase urging quantum attack preparations for Bitcoin, and Ripple partnering to embed XRP wallets into apps.