sanity

ouuuu, democrats won hope you read my post 2d before and didn’t miss a chance to short with me did you?

I think a lot of people are sleeping on what's happening in the US today 🤨 The midterm elections are on, and the outcome could shape the next 2 years, for America and for the markets. If you don't follow politics, here's the easy version. The US Congress is basically the group of people who write the laws. It has two parts— the House and the Senate, and right now Trump's party controls both. Today a big chunk of those seats is up for a vote. If Trump's party keeps control, he can keep pushing his agenda through without much resistance, like he does now. If they lose it, he hits a wall. Almost nothing big gets passed without a deal with the other side, and the opposition can open investigations into pretty much everything he has done recently. And no, they can't just kick him out. Removing a president takes 67 out of 100 senators, and that has never happened in US history so that's impossible. The real fight is the Senate though. Right now it's 53 Republicans vs 47 Democrats. Only 35 seats are up this year. Republicans are defending 22 of them, Democrats just 13. *see the picture : Each state has 2 senators. The dots are seats that aren't up this year (blue = Democrat, red = Republican), and the grey squares are the seats being decided today* To take control, Democrats need 17 of those seats. Even a 50-50 split isn't enough, because the vice president breaks the tie for Republicans. On paper, that's a tough climb. But this is where it gets wild. States that have been Republican for decades are suddenly too close to call. Texas hasn't elected a Democrat to the Senate since 1988. Kansas hasn't done it since 1932, almost a century. Alaska, Ohio and Maine are all close too, with the Democrat slightly ahead in each. If the polls hold, Democrats land exactly on 17. Not one seat more. A big reason for all this: Trump's approval is around 38%, and even some of his own voters are losing patience. Still, polls aren't results. They were off in 2016 and 2020, and every one of these races could go either way. So why should you care? Taxes, tariffs, government spending, even crypto regulation... ALL OF IT goes through Congress. Stocks, the dollar, crypto, everything reacts to it. And if there's one thing markets can't stand, it's uncertainty. Results start coming in tonight, so don't be surprised if things get a little volatile tomorrow ;)

binance hack recap in 2 minutes👇 it all started with a fake job interview - JUNE a binance wallet engineer googles a popular AI coding tool and downloads a tampered installer security catches it and replaces his laptop, but the hackers now know who works on the wallet team - SEPTEMBER another engineer gets a message on a real job platform from a "project director" first a video interview with "HR", who even shares her social media with personal photos to look legit then an interview with a fake "CEO", who asks him to download a test assignment onto his WORK laptop that assignment contained malware no antivirus could detect at the time - OCTOBER 20 from that laptop, the hackers use binance's own internal AI tool to reach two more engineers one of them had a token that let him deploy code to the wallet systems - OCTOBER 29 between 17:15 and 19:56 UTC they log in, deploy their code and get access to the wallet signing service $XRP starts leaving binance hot wallets, then $SOL, $OP and 18,270 $BTC binance pauses withdrawals, but it's too late for $ETH the hackers had used an ethereum feature (EIP-7702) to give their own smart contract control over a hot wallet, so it kept draining even with withdrawals off ~$6.34B stolen ~$2.85B frozen or intercepted the part that kinda stuck with me is binance says it blocked 57 north korea-linked attacks this year alone they only needed ONE to work no hack of the blockchain, no broken cryptography happened just a fake recruiter, one downloaded file and 5 months of patience the weakest point of a $100B+ exchange turned out to be a person looking for a new job they must’ve executed bro💀

I think a lot of people are sleeping on what's happening in the US today 🤨 The midterm elections are on, and the outcome could shape the next 2 years, for America and for the markets. If you don't follow politics, here's the easy version. The US Congress is basically the group of people who write the laws. It has two parts— the House and the Senate, and right now Trump's party controls both. Today a big chunk of those seats is up for a vote. If Trump's party keeps control, he can keep pushing his agenda through without much resistance, like he does now. If they lose it, he hits a wall. Almost nothing big gets passed without a deal with the other side, and the opposition can open investigations into pretty much everything he has done recently. And no, they can't just kick him out. Removing a president takes 67 out of 100 senators, and that has never happened in US history so that's impossible. The real fight is the Senate though. Right now it's 53 Republicans vs 47 Democrats. Only 35 seats are up this year. Republicans are defending 22 of them, Democrats just 13. *see the picture : Each state has 2 senators. The dots are seats that aren't up this year (blue = Democrat, red = Republican), and the grey squares are the seats being decided today* To take control, Democrats need 17 of those seats. Even a 50-50 split isn't enough, because the vice president breaks the tie for Republicans. On paper, that's a tough climb. But this is where it gets wild. States that have been Republican for decades are suddenly too close to call. Texas hasn't elected a Democrat to the Senate since 1988. Kansas hasn't done it since 1932, almost a century. Alaska, Ohio and Maine are all close too, with the Democrat slightly ahead in each. If the polls hold, Democrats land exactly on 17. Not one seat more. A big reason for all this: Trump's approval is around 38%, and even some of his own voters are losing patience. Still, polls aren't results. They were off in 2016 and 2020, and every one of these races could go either way. So why should you care? Taxes, tariffs, government spending, even crypto regulation... ALL OF IT goes through Congress. Stocks, the dollar, crypto, everything reacts to it. And if there's one thing markets can't stand, it's uncertainty. Results start coming in tonight, so don't be surprised if things get a little volatile tomorrow ;)

CEO Update on KAST Pioneer Units

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