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GLOBAL FINANCE EARTHQUAKE — BLACKROCK LOSES HALF A BILLION IN A MASTERFUL SCAM! 💣

The unthinkable has happened — BlackRock, the world’s financial titan, has fallen victim to a jaw-dropping $500 million fraud that’s shaking Wall Street to its core.

The alleged mastermind? Bankim Brahmbhat — an Indian entrepreneur who reportedly orchestrated one of the slickest financial deceptions in modern history. Using forged contracts, fake invoices, and an illusion of legitimacy, he managed to convince BlackRock that they were investing in authentic receivables. Everything checked out — until it didn’t.

Once the money hit, Brahmbhat disappeared into the shadows — funneling funds through India and Mauritius before declaring bankruptcy in the U.S. and vanishing from his New York office overnight. The money trail? Ice cold.

Now, panic is spreading through financial circles as whispers grow louder that this may not be an isolated hit — but the opening act of a larger global con. If other institutions were duped, the fallout could ripple through markets for months.

Half a billion dollars. Gone.

The world’s most powerful asset manager, outplayed.

This isn’t just financial fraud — it’s a brutal reminder that in the age of high finance, even giants can bleed.

#KITEBinanceLaunchpool #DireCryptoMedia #Write2Earn

That’s a great observation and very true.

Warren Buffett has built his entire investing philosophy on avoiding hype. He sticks to companies with proven earnings, durable competitive advantages, and understandable business models. As he’s said many times:

Be fearful when others are greedy, and greedy when others are fearful.”



That mindset means he avoids chasing trends — whether that’s dot-com stocks in the late 1990s, cryptocurrencies in recent years, or AI-related hype today. Instead, Buffett focuses on fundamentals, long-term value, and consistent performance.

Would you like me to break down a few recent examples of how Buffett (and Berkshire Hathaway) have stayed out of hype-driven investments?

World Economic Forum chief warns of three possible 'bubbles' in global economy

November 5, 20254:48 PM GMT+3Updated

President of World Economic Forum Borge Brende gives his welcoming remarks at the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2025. REUTERS/Yves Herman Purchase Licensing Rights, opens new tab

SAO PAULO, Nov 5 (Reuters) - The world should watch out for three possible bubbles in financial markets, including artificial intelligence, the head of the World Economic Forum said on Wednesday, in comments that came amid sharp falls in global technology stocks.

Brokers and analysts say the falls are a cause for caution but not panic as markets have been touching record highs and some valuations are looking overblown.

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.

"We could possibly see bubbles moving forward. One is a crypto bubble, second an AI bubble, and the third would be a debt bubble," WEF president Borge Brende told reporters during a visit to Brazil's financial hub, Sao Paolo.

Governments have not been so heavily indebted since 1945, he added.

Markets have for months shrugged off concerns over elevated interest rates, stubborn inflation and trade turmoil, pushing higher partly on expectations that AI could transform the prospects for the global economy and businesses.

AI offers the possibility of big productivity gains but could also threaten many white collar jobs, said Brende, whose organisation is best known for its annual meetings at Davos, Switzerland, where business and political leaders discuss pressing global challenges.#EconomicAlert #DireCryptomedia #Write2Earn!
no financial advice
$XRP

WEF Chair Warns of Potential Financial Bubbles in Global Markets
According to PANews, World Economic Forum (WEF) Chair Børge Brende highlighted on Wednesday the potential emergence of three financial bubbles that could impact global markets. During his visit to São Paulo, Brazil's financial hub, Brende identified cryptocurrency, artificial intelligence (AI), and debt as areas of concern.
Brende emphasized that government debt levels have reached unprecedented heights since 1945. He noted that while AI holds the promise of significantly boosting productivity, it also poses a threat to numerous white-collar jobs. "In the worst-case scenario, we might witness phenomena similar to the 'Rust Belt' in the United States, particularly in major cities with a high concentration of back-office and white-collar positions, which are more susceptible to AI replacement," Brende explained.
He cited recent announcements from companies like Amazon and Nestlé regarding layoffs as indicative of this trend.#BinanceHODLerMMT #DireCryptomedia #Write2Earn
$BTC

BNB Surpasses 960 USDT with a 2.61% Increase in 24 Hours
On Nov 05, 2025, 23:28 PM(UTC). According to Binance Market Data, BNB has crossed the 960 USDT benchmark and is now trading at 960.530029 USDT, with a narrowed 2.61% increase in 24 hours.#BNB_Market_Update #DireCryptomedia #Write2Earn

China to relax export control measures against U.S. entities in trade de-escalation

China will remove export restrictions on 15 U.S. entities and suspend action for another 16 for one year.

The move takes effect from November 10 and includes firms previously placed on the “unreliable entity list.”

There might be an end in sight to the ongoing U.S.-China trade relations after years of tensions.

China is set to remove and temporarily suspend its trade restrictions on several U.S. firms. Fifteen firms are set to see their restrictions fully removed, while action on another 16 will be paused for one year.

The ongoing trade dispute between the U.S. and China is now taking a conciliatory turn, with both countries appearing to be tending toward compromise over conflict in recent rounds. 

China will relax its export restrictions

China’s Ministry of Commerce announced on Tuesday that it will remove the export control measures against 15 U.S. entities and suspend enforcement for another 16 entities for a year, starting November 10. 

The restrictions limited Chinese companies from exporting certain goods with both civilian and military applications to the affected firms. However, with this easing of restrictions, Chinese exporters can now apply for permission to ship these products again. 

The ministry described the move as a “constructive step” that will aid the efforts to improve the trade relations between both countries after years of tension over technology, investments, and supply chains.

The announcement is a result of several months of negotiations and discussions aimed at preventing the economic ties between the U.S. and China from deteriorating further.#ADPJobsSurge #DireCryptomedia #Write2Earn!  
no financial advice

OpenAI CFO Discusses Financial Health and Future Plans

According to Odaily, OpenAI's Chief Financial Officer has stated that the company is not yet prepared for an initial public offering. With a 'very healthy' gross margin, OpenAI is expected to reach a break-even point. The company is seeking federal support for investments in data centers.#openAlCFO #DireCryptomedia #Write2Earn

#Bitcion#InvestmentUpdate Whether Bitcoin is a better investment than gold depends on your investment goals, enjoyment of speculating, risk tolerance, and how much capital you can stand to lose if the market turns. Each asset has benefits and drawbacks, but Bitcoin is more speculative and has a potential for volatility.#bitcoin #DireCryptomedia #Bitcion
$BTC

UK High Court Issues Mixed Ruling in Getty Images vs. Stability AI Case
AI Summary
According to Cointelegraph, the United Kingdom's High Court of Justice delivered a mixed verdict on Tuesday in the intellectual property case between Getty Images and Stability AI, filed in 2023. The ruling largely favored Stability AI but left unresolved questions regarding the use of copyrighted material by artificial intelligence. Getty Images, which licenses its extensive library of copyrighted stock images for a fee, accused Stability AI's Stable Diffusion model of infringing on its trademark and copyrighted content. The court found that the AI model did infringe on Getty's trademark by reproducing its watermark in certain instances. However, Justice Joanna Smith noted that these findings were "extremely limited in scope."
Justice Smith ruled that Getty Images failed to demonstrate that any UK users employed Stable Diffusion to reproduce the watermark, a requirement under UK law to establish "primary infringement." The court also dismissed the "secondary infringement" claim, as the AI model does not store or reproduce the images, thus not meeting the criteria for a violation under the UK's Copyright, Designs and Patents Act (CDPA) of 1988. Smith stated that while an "article" may be intangible under the CDPA, an AI model like Stable Diffusion, which neither stores nor reproduces any Copyright Works, does not constitute an "infringing copy," and therefore, no infringement occurs under sections 22 and 23 of the CDPA.
The ruling suggests that while brands may still protect their trademarks from AI reproduction, the specificities of this case prevent it from setting a broad legal precedent. #ADPJobsSurge #DireCryptomedia #Write2Earn

U.S. Senate Continues Deliberations on Crypto Market Structure Amid Government Shutdown

according to Cointelegraph, discussions regarding the digital asset market structure bill are ongoing in the U.S. Senate, despite the longest government shutdown in the nation's history. Republican Senator John Boozman, a member of the Senate Agriculture Committee, is set to discuss the legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. This conversation is part of efforts to finalize a discussion draft of the bill, which is anticipated to be a pivotal piece of legislation for the crypto industry during the current congressional session.

Initially approved by the House of Representatives in July, the bill was expected to pass in the Senate with bipartisan support. However, the process has been complicated by Democratic demands for provisions concerning decentralized finance protocols and the ongoing government shutdown, which has reached its 36th day. It remains uncertain whether Senate lawmakers will prioritize crypto legislation over a funding bill needed to reopen the government and restore full operations to financial agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Following recent Democratic victories in Tuesday's elections, some senators, including Chris Murphy, have advocated for maintaining pressure on Republican lawmakers to support extending healthcare subsidies and reversing cuts from a July funding bill. North Carolina Senator Thom Tillis, a Republican, indicated that lawmakers have until early next year to pass the crypto legislation before the 2026 midterm elections complicate the process further. Meanwhile, Wyoming Senator Cynthia Lummis, a sponsor of the market structure bill, initially aimed to have the legislation signed into law by the end of the year, a goal now appearing less feasible due to the shutdown.#CryptoMarket #DireCryptomedia #Write2Earn

use of U.S. dollars on cryptocurrency with credit cards, the current situation is that:

The Federal Reserve and other U.S. banking regulators have recently eased previous restrictive statements on crypto activities for banks. This regulatory shift, which occurred in mid-2024 and 2025, allows banks more freedom to engage in crypto-related services (like custody, trading, and payments) provided they manage risks properly.

Some banks are now exploring deeper integration with crypto. For example, in July 2025, JPMorgan announced a partnership with Coinbase to allow customers to link bank accounts and potentially use credit card points for stablecoins, signaling a changing landscape, but direct credit card purchases of volatile assets remain generally restricted by most major issuers.

Bank of America's CEO has indicated the bank would embrace cryptocurrency payments if clear regulations are established by U.S. authorities. 

In summary, while the U.S. regulatory environment is becoming more open to banks' involvement with digital assets, major banks still have policies in place that "shutdown" (block) credit card purchases of cryptocurrencies using U.S. dollars through their systems due to internal policies and risk management. 
$USDC #CreditCard: #DireCryptomedia #Write2Earn
no financial advice

U.S. financial institutions are moving toward cryptocurrency, with a key
development being a potential plan by Bank of America to launch stablecoins, following similar interest from other major banks like Morgan Stanley. This is happening in a context of evolving U.S. regulations, including the GENIUS Act which provides more legal clarity for banks to hold stablecoins. Federal regulators are also issuing updated guidance, emphasizing risk management for crypto-asset safekeeping and exploring the broader regulatory framework for the industry. 

Bank-level developments

Bank of America: The bank's CEO confirmed interest in stablecoins, with plans to launch them in the future, and stated the industry will embrace regulated cryptocurrencies for payments.

Morgan Stanley: The firm is exploring how it can act as a middleman for crypto-related transactions and may add crypto to its e-trade platform.

JPMorgan Chase: The bank is actively using blockchain for tokenization, with one initiative involving a private equity fund on its Kexus blockchain platform for private banking clients.
Industry-wide initiatives: Banks are collaborating to explore new industry-wide offerings, with the goal of bringing the benefits of digital assets to the market while ensuring regulatory compliance and strong risk management. 
Regulatory environment
Federal Reserve: Governor Barr has discussed the potential benefits and risks of stablecoins, noting that new legislation provides some clarity and could lead to more rapid development.
Office of the Comptroller of the Currency (OCC): The OCC and other federal
banking agencies issued a joint statement in July 2025, clarifying that banks must engage in crypto-asset activities, such as safekeeping, in a safe and sound manner and in compliance with existing rules.
The GENIUS Act: This new legislation provides a pathway for federally regulated banks and non-bank entities to hold stablecoins, which is expected to increase institutional adoption by providing greater legal clarity and consumer protection.
#BinanceHODLerMMT #Write2Earn no f/A

#Plasma Channel" for global funds can refer to either how The Global Fund distributes money to countries or how investors access funds globally. In development, it can mean using a national financial system to disburse funds to implementing institutions. For investors, it can refer to using platforms like wambo.org for health products or specific types of international investment funds. 

In the context of The Global Fund's programs

Channel One: A specific disbursement system that uses a country's national financial structure to flow funds from the treasury to implementing institutions at federal and regional levels.

Other channels: The Global Fund mobilizes resources from bi-lateral and multi-lateral sources and disburses them through different channels for various projects.

Procurement and supply chain: Channels like wambo.org allow eligible organizations to access products and services through a procurement platform, regardless of their funding source (e.g., domestic or other donor funds). 

In the context of global investment

Pooled Procurement Mechanism: A procurement channel available on platforms like wambo.org, which can be used by governments and organizations to secure health products.

Active and passive funds: Investors can use different types of channels to invest globally, including active funds (which involve a fund manager), passive funds (like ETFs), or a combination of both;Plasma XPL Blockchain Web3 DeFi#DireCryptomedia #Write2Earn

Chainlink and S&P Global Ratings have recently formed a major partnership to bring S&P's independent Stablecoin Stability Assessments (SSAs) on-chain for the first time, an event considered a significant milestone for institutional adoption of decentralized finance (DeFi), 

Key Details

On-Chain Assessments: S&P Global Ratings will publish its stablecoin risk assessments directly to blockchain networks via Chainlink's institutional-grade DataLink service.

Enhanced Transparency: The assessments, which rate stablecoins on a scale of 1 (very strong) to 5 (weak) based on factors like asset quality, liquidity, and governance, provide real-time, verifiable risk data directly within smart contracts.

Institutional Adoption: This move is designed to empower large financial institutions to adopt stablecoins and other digital assets at scale by providing them with the trusted, standardized risk metrics they require for secure and

compliant operations.

Initial Launch: The on-chain SSAs will initially launch on the Base network, with plans to expand to other blockchains based on market demand.

Broader Collaboration: This is part of S&P Global's broader engagement in the digital asset space and adds to Chainlink's growing list of institutional collaborations, which include partnerships with Swift, J.P. Morgan, and Mastercard. 

This collaboration is viewed as a game-changer as it bridges a critical gap between traditional finance (TradFi) and the DeFi ecosystem, enabling a more secure and transparent foundation for digital markets. #ADPJobsSurge #DireCryptomedia #Write2Earn
no financial advice
$BTC $XRP

BREAk NEWS meme coin trader is an individual who buys and sells cryptocurrencies that are inspired by internet memes, viral social media trends, or pop culture references, with the goal of profiting from their extreme price volatility. 

Trading Dynamics

Hype-Driven: The value of meme coins is primarily driven by hype, community sentiment, influencer marketing, and social media trends rather than underlying technology or real-world utility.

High Volatility: Prices can increase dramatically in a short period ("pump") but can also crash suddenly ("dump" or "rug pull"), making the market highly unpredictable.

Speculative: Trading meme coins is considered highly speculative and is often compared to gambling rather than traditional long-term investing.

Short-Term Focus: Many traders use short-term strategies like day trading or swing trading, aiming for quick profits rather than long-term wealth building. 

Common Strategies

Technical Analysis: Some traders use technical analysis to identify chart patterns and entry/exit points, ignoring social media hype.

Risk Management: Successful traders emphasize strict risk management, using stop-losses to limit potential losses and taking profits at predetermined levels.

Market Monitoring: Traders often use tools and platforms that provide real-time updates on newly created or trending coins, focusing on those already gaining traction. 

Risks and Challenges

Significant Losses: The high volatility means traders can lose their entire investment.

Scams: The market is prone to "pump-and-dump" schemes and "rug pulls," where developers or large investors suddenly sell off their holdings, leaving others with worthless coins.

Lack of Liquidity: Less popular meme coins may have low trading volumes, making it difficult to sell at a desired price.

Regulatory Uncertainty: The evolving legal landscape for cryptocurrencies poses a risk of sudden regulatory crackdowns. 

Notable Examples of Traders

Glauber Contessoto: Famous for becoming a "Dogecoin millionaire;#mamecion #DireCryptomedia #Write2Earn

Crypto firm Ripple raises $500 million in latest investment round By Reuters

November 5, 20256:24 PM UTCUpdated ago

Representation of Ripple, a cryptocurrency network, in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Nov 5 (Reuters) - Ripple has raised $500 million in a strategic investment valuing it at $40 billion, the crypto firm said on Wednesday, in a funding round led by Fortress Investment Group and Citadel Securities.

The investment comes on the heels of Ripple's $1 billion tender offer earlier this year at the same valuation, the company said.

Sign up here.

In the wake of the GENIUS Act, which created a regulatory framework for stablecoins, more institutions are adopting stablecoins such as Ripple USD (RLUSD) for treasury payments and collateral management.

Fintechs and traditional financial firms are increasingly turning to stablecoins to streamline cross-border payments, speed up settlements and broaden access to digital finance.

Ripple, which provides crypto solutions for businesses, said the fresh capital would help deepen relationships with financial institutions and support its expanding product suite, which now includes custody, stablecoins, prime brokerage and corporate treasury services.

Under the more crypto-friendly Trump administration, Ripple aims to expand institutional use of its XRP token and deepen its footprint in capital markets.

"This investment reflects both Ripple's incredible momentum, and further validation of the market opportunity we're aggressively pursuing, CEO Brad Garlinghouse.#CryptocurrencyWealth #DireCryptomedia #Write2Earn

Coinbase Bank Charter Bid Faces Crucial Opposition From US Banking Group

BitcoinWorld Coinbase Bank Charter Bid Faces Crucial Opposition from US Banking Group

The world of digital finance is constantly evolving, and a significant development in this space involves Coinbase’s ambition to secure a national trust bank charter. This move, however, has not gone unnoticed, drawing strong opposition from established financial institutions. Understanding the intricacies of the Coinbase bank charter application is crucial for anyone following the intersection of crypto and traditional banking.
Why is the Coinbase Bank Charter Application Facing Such Strong Resistance?
The Independent Community Bankers of America (ICBA), a prominent U.S. banking group, has voiced strong objections to Coinbase’s application. They sent a letter to the U.S. Office of the Comptroller of the Currency (OCC), the federal regulator responsible for chartering national banks, expressing significant concerns.
The ICBA argues that allowing Coinbase’s subsidiary to establish a federally regulated trust could introduce unproven elements into the traditional financial system. Their primary worries include:
Unproven Elements: The association specifically cited cryptocurrency custody as an unproven aspect that could negatively impact established financial structures.
Systemic Risk: There’s a fear that if these unproven elements fail, they could create instability within the broader financial ecosystem.
Profitability Concerns: The ICBA also stressed that the proposed trust would likely struggle to maintain profitability during a crypto bear market, potentially leading to financial strain.
This opposition highlights a fundamental tension between the innovative, often volatile, world of cryptocurrency and the more conservative, stability-focused traditional banking sector.
What Does a National Trust Bank Charter Mean for Coinbase?
#BinanceHODLerMMT #DireCryptomedia #Write2Earn

Trump White House Breaks Silence on CZ Pardon, Confirms ‘Thorough Review’

Following the President's claim that he had “no idea who” CZ was, the White House maintains the pardon was handled with “utmost seriousness,” and underwent a thorough review to correct "over-prosecution.

,November 5, 2025 at 11:23 AM UTC

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience.Generate Key Takeaways

The White House has defended President Donald Trump’s decision to pardon Binance founder Changpeng “CZ” Zhao, confirming that the clemency followed a “thorough review process” by both the Department of Justice and the White House Counsel’s Office.

Speaking at a press briefing on Tuesday, White House press secretary Karoline Leavitt said the pardon was reviewed “with the utmost seriousness” and went through the same standard procedures applied to all cases that reach the president’s desk.

“There’s a whole team of qualified lawyers who look at every single pardon request,” she said. “The president is the ultimate final decision maker.”

Is Trump Correcting a Wrong or Rewarding an Ally in the Crypto Industry?

Trump, in a recent CBS 60 Minutes interview, defended his decision to pardon Zhao, saying he had “no idea who he is” and rejecting suggestions that the move

#BinanceHODLerMMT #DireCryptomedia #Write2Earn

Bitcoin's Market Faces Pressure Amid Rising Losses

According to Cointelegraph, the ongoing correction in Bitcoin (BTC) has resulted in approximately 33% of its total circulating supply being held at a loss, a level not seen since September 2024. While this may seem concerning, historical data suggests that such phases often indicate seller exhaustion rather than a complete market collapse. This concentration of unrealized losses has historically marked pivotal points in previous bullish cycles, typically forming when liquidity stress peaks and most sellers have already acted, allowing the market to structurally reset.
Short-term holders are experiencing intensified loss-making activity, with the seven-day short-term holder Spent Output Profit Ratio (SOPR) currently at 0.9904. This metric, which measures whether coins moved onchain were sold at a profit or loss, indicates that most coins are being sold at a loss, reflecting growing pressure from short-term traders. The SOPR’s Z-score, which assesses how current readings deviate from historical norms, is at −1.29, suggesting moderate selling pressure. In comparison, during the August 2024 correction, the indicator fell to 0.9752 with a Z-score of −2.43, marking a deeper phase of capitulation.
The market appears to be caught between patience and capitulation. If prices remain under pressure, long-term holders might start taking profits to protect their gains, while newer investors may sell once they recover their costs, potentially limiting rebounds. However, if fear reaches an extreme and selling pressure diminishes, these conditions could help form a durable bottom and reset sentiment for the next accumulation phase.
From a momentum perspective, Bitcoin’s market structure seems oversold, yet historical patterns indicate that recovery often follows a period of consolidation rather than an immediate reversal. A significant buildup of short positions in the futures market could also fuel a rebound if prices stabilize soon.#Bitcion #DireCryptomedia #Write2Earn

Crypto News Today: Bitcoin Rebounds Above $104K as Ether and Altcoins Recover; Futures Show Market Caution

Key Takeaways

Bitcoin climbed back above $104,000, rebounding from its first drop below $100,000 since June.
Ether (ETH) recovered to $3,460, up nearly 3% as traders eye support near $3,100.
Over $1.7 billion in crypto positions were liquidated in the past 24 hours, mostly from long traders.
The broader market remains cautious as futures data show reduced leverage and mixed sentiment.

Bitcoin Reclaims $104K After Sharp Sell-Off
After falling below $100,000 for the first time since June, Bitcoin (BTC) rebounded above $104,000, trimming losses from a 20% correction off its October peak near $126,000. The broader crypto market, as tracked by the CoinDesk 20 Index (CD20), fell 2.6% over the past 24 hours but remains up slightly in early Wednesday trading as investors digest recent volatility.
Data from CoinGlass show more than $1.7 billion in crypto positions were liquidated over the past 24 hours, with long traders taking the bulk of losses. Despite the sell-off, BTC’s 50-week simple moving average — near $103,000 — continues to act as a key support level that has historically underpinned longer-term recoveries.
Liquidity remains thin, especially in smaller altcoins, which explains the outsized negative price action as markets unwind,” said Jasper De Maere, OTC trader at Wintermute. He added that the weakness reflects ongoing digestion of October’s liquidations, a “slightly more hawkish Fed tone,” and risk-off sentiment across global assets.
Market Sentiment Improves but Volatility Persists
The Crypto Fear and Greed Index now sits in the “fear” zone, reflecting reduced confidence after Tuesday’s steep decline. Analysts note that sentiment may stabilize if Bitcoin continues to consolidate above $103,000 and the US dollar’s recent strength begins to fade.
The US government’s reopening and potential progress on crypto legislation are seen as mild near-term positives that could help restore#BinanceHODLerMMT #DireCryptomedia #Write2Earn