Uptober Hits a Wall!

Here's what we've got for you today:

• Uptober Takes a Hit as Bitcoin ETFs Lost $679 Million Last Week

• Ripple-Backed Evernorth to Begin Nasdaq Trading With 473M XRP

• U.S. Inflation Forecast to Reach 3.7% Ahead of October 28 Fed Decision

• AI Debt Issuance Falls From $113B to $23B While Oracle Loans Trade Below Par

⚠️ Uptober Takes a Hit as Bitcoin ETFs Lost $679 Million Last Week

US spot Bitcoin ETFs recorded close to $679 million in net outflows between Oct. 5 and Oct. 9, with a painful $484.9 million withdrawn on Wednesday alone.

📣 Ripple-Backed Evernorth to Begin Nasdaq Trading With 473M XRP

Ripple-backed Evernorth Holdings has completed its merger with Armada Acquisition Corp. II and is set to begin Nasdaq trading under the ticker XRPN on Oct. 12. The company enters the public market holding roughly 473 million XRP.

📈 U.S. Inflation Forecast to Reach 3.7% Ahead of October 28 Fed Decision

U.S. inflation could accelerate to 3.7% in September as surging oil and energy costs push headline prices higher ahead of the Federal Reserve’s next rate decision. Core inflation is expected to stay much lower at 2.5%.

💰️ AI Debt Issuance Falls From $113B to $23B While Oracle Loans Trade Below Par

Global AI-related debt issuance plunged by about 80% from $113 billion in June to just $23 billion in September as investors grew more cautious about the economics of massive data center projects.

👀 QUICK NEWS

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