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- Market participants weigh in on SEC’s proposed crypto regulations
The SEC will close public comment on its “Regulation Crypto Assets” proposal, first introduced in August, on Tuesday. Over the 60-day period, the agency received about 140 comments on a proposed safe harbor that would keep token issuers from being treated as investment contracts, along with exemptions for offerings up to a set amount. The MiCA Crypto Alliance largely supported the proposed disclosure changes but asked the SEC to better define crypto-specific concepts and data structures. SkyBridge Capital founder Anthony Scaramucci also backed the rules, calling them a return to the Commission’s proper role, though he did not mention Congress’s inaction on the CLARITY Act. Some legal experts warn the rules could be overturned more easily than an act of Congress, and both the SEC and the CFTC remain understaffed at the leadership level.
- SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon object to OKX-ICE listing
Nine issuers, including Broadcom, Verizon and UnitedHealth, have objected to having their shares traded on OKXICE's planned tokenized-stock platform, according to an October 15 notice. The venue would offer around-the-clock trading under the SEC's temporary Innovation Exemption, with tokens backed one-for-one by underlying shares. Nasdaq has said it will opt out of the framework because the venue does not display best prices in real time or report to the consolidated tape. TD Securities analysts found that reliance on temporary exemptive relief rather than permanent rules has made issuers and institutions reluctant to invest in the trading infrastructure.
- Media Bias Shows in Coverage of Complex Securities Case
This media criticism argues that The Washington Post’s lead on Stoneridge Investment Partners v. Scientific-Atlanta, a Supreme Court securities case, is not neutral because it highlights the Bush administration siding with accountants, bankers and lawyers. The author says liberal outlets such as the Huffington Post and TomPaine.com amplified an Enron-focused narrative while overlooking that the SEC can already pursue such third parties. The core legal question, the article explains, is whether private shareholders can sue third parties like investment banks, accountants or lawyers, and expanding that right could trigger a surge of litigation.
- SEC Filer Status Proposal : Key Themes Emerging From The Public Comment Process - Executive Remuneration
In May 2026, the SEC proposed amendments that would replace the current three filer categories with two, large accelerated filers (LAFs) and non-accelerated filers (NAFs), and eliminate smaller reporting company (SRC) status. The public float threshold for LAF status would rise from $700 million to $2 billion, the minimum reporting period would increase from 12 months to 60 months, and transitions would require meeting the threshold for two consecutive years. NAFs would be exempt from the Section 404(b) auditor attestation requirement and the advisory vote on executive compensation. The SEC estimates that about 81% of reporting companies would qualify as NAFs, though they represent roughly 6.5% of total public float. Commenters disagreed on balancing reduced costs against investor protections, focusing on the $2 billion threshold, the 404(b) exemption, the seasoning period and the broader scaled disclosure.
- Tokenized Assets for Wall Street : Why KXCO Is the Place to Issue Them
Presented as promotion for KXCO, this article argues that its platform is the best place to issue tokenised real-world assets. It cites KXCO's own Armature chain, a permissioned network with four validators whose attestations on each finalised block use ML-DSA-87 post-quantum signatures, and says the cryptography passed 2,130 test cases on NIST's demonstration server. Every holder must be admitted through a regulated KYC provider, and transfer rules are applied before a unit moves. The article ties this to regulator expectations, including ESMA's questions of 12 June 2026, a Central Bank of Ireland discussion paper and an SEC staff statement on the data model for tokenised securities. It also notes NIST's plan to deprecate RSA and ECDSA signatures after 2030.
- Crypto Biz: Wall Street closes at 4. Tokenized stocks keep trading
Tokenized stock trading is drawing activity outside regular US market hours: according to Blockworks data cited by The Kobeissi Letter, over 70% of tokenized stock volume on BNB Chain occurs outside those hours, compared with 63% on Solana and nearly 60% on Base. The value of tokenized stocks rose 15% over 30 days to nearly $3.3 billion, according to RWA.xyz, while the SEC's innovation exemption allows qualifying platforms to trade tokenized US-listed stocks on public blockchains, though xStocks and Ondo Global Markets remain largely unavailable to US investors. The newsletter also covers Strive, which bought 3,311 BTC in the week ending Oct. 9 and now holds 32,773 BTC after investors exercised $208 million in warrants, and Bitcoin miners, which face steep financing costs for AI expansion.
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- Why Is 3M (MMM) Stock Rocketing Higher Today
3M (NYSE: MMM) rose 5.2% in the afternoon session after reporting third-quarter 2026 GAAP sales of $6.6 billion, adjusted organic sales growth of 3.3%, adjusted EPS of $2.50, and an adjusted operating margin of 26.2%. The company raised its full-year 2026 adjusted EPS guidance to $9.10–$9.15 and expanded its commercial relationship with Amazon for optical connectivity and data center products, granting Amazon a warrant for up to 3.2 million shares tied to $6 billion in cumulative sales over seven years. The shares closed at $171.50, up 5.9%. The article notes 3M's shares are not very volatile, with only 4 moves above 5% in the past year, and the stock is up 6.1% year to date, near its 52-week high of $183.78 from August.
- This Nuclear Stock Could Be Your Ticket to Millionaire Status -- and It Didn't Even Need to Build a Reactor First
The article highlights Centrus Energy (LEU), a producer of high-assay low-enriched uranium (HALEU) that small modular reactors need, which the company calls the only HALEU enricher in the Western World. Centrus reported a $4.5 billion backlog of LEU and HALEU sales commitments in an August investor presentation. With a $2.4 billion market cap, the author suggests the stock could grow tenfold to above $20 billion, compared with Cameco's $35 billion market cap, so a $10,000 investment could be worth a million dollars. The article also notes that it is impossible to say for sure whether the stock will flourish.
- Netflix Cut Its Ad Revenue Forecast by $300 Million. Does That Matter More Than Its Earnings Beat?
Netflix reported third-quarter results after the Tuesday close, with revenue up 11.8% to $12.87 billion in line with expectations and EPS rising from $0.59 to $0.87, beating estimates of $0.82. Revenue growth was the slowest in three years and engagement remained weak, sending the stock down 6% after hours. The company cut its full-year ad revenue forecast from $3 billion to $2.7 billion, blaming a slightly slower-than-expected rollout of some ad product capabilities. Its fourth-quarter guidance of $13.44 billion in revenue (up 11.5%) and $0.67 EPS fell below consensus of $13.52 billion and $0.73. Advertising makes up less than 6% of the $51.1 billion revenue the company expects this year, but the article argues it remains a key part of the growth story.
- CEO Elon Musk Just Gave SpaceX Investors Great News
SpaceX reported third-quarter revenue of $14.6 billion (up 161%) and net income of $4.4 billion, versus a $1.1 billion net loss a year earlier, with adjusted EBITDA of $8.8 billion (up 306%), all above analyst expectations. Its Super Intelligence (SI) unit posted revenue above $7.5 billion, beating estimates by over $1 billion, while Starlink subscribers grew by 1.6 million to 13.6 million. Total capital expenditures were nearly $19.6 billion, with $16.4 billion allocated to SI. Musk expects compute capacity of 2.5–3 GW by year-end, up from 1.7 GW, says he feels confident of bringing another 10 GW online in 2027, and expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027. Shares climbed nearly 5% in after-hours trading.
- Amazon vs Alphabet: Which "Magnificent Seven" Stock Is the Better Buy Right Now?
The article compares Amazon (AMZN) and Alphabet (GOOGL, GOOG), two of the world's most valuable companies. Alphabet's valuation is around $4.1 trillion versus Amazon's $2.8 trillion, but Amazon's revenue over the past four quarters, $776 billion, is much larger than Alphabet's $446 billion. Alphabet generated $148 billion in operating profit at a 33% margin, while Amazon's operating margin averaged just 12% over the past 12 months. Amazon's forward P/E is nearly 24, above the S&P 500 average of 19, while Alphabet's is just under 22, and the author concludes Alphabet is the better buy.
- Unmaking of Europe : How a global power lost its way
The article argues that European countries have lost their central role in shaping international politics, along with their dominance in productivity and fertility rates. Key causes cited include the potential withdrawal of the U.S. security umbrella and troop drawdowns, Russia's invasion of Ukraine, and Donald Trump's return to the presidency. In response, Europe is pursuing defense self-sufficiency, with more than 20 multilateral defense funds and an EU initiative aiming to mobilize $800 billion for defense infrastructure. The author notes these spending priorities may force Europe to abandon some economic development projects. The EU's trade deficit with China rose from $304.5 billion in 2024 to $359.8 billion in 2025, with manufactured goods making up 97.3% of EU imports from China.
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