Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

Beating AI Express News reports that Nvidia may discontinue its most powerful consumer-grade graphics card, the RTX 5090, reallocating its core GB202 chips to higher-priced professional GPUs. Hardware leaker MEGAsizeGPU states all future production of the GB202 chip will be supplied exclusively to the RTX PRO series, no longer used for the RTX 5090. Another leaker, hongxing2020, shared what appears to be an internal factory notice, noting the China-exclusive variant of the RTX 5090 is also included in the discontinuation plan. The two graphics cards use the same family of GB202 chips but have drastically different price points. The RTX 5090 comes with 32GB of VRAM, launching at $1,999. The RTX PRO 6000, targeted at AI development, design, and rendering workloads, boasts 96GB of VRAM and is priced at $16,000 on Nvidia’s official website — eight times the cost of the RTX 5090. While price alone does not directly equate to profit, the high-end professional market clearly offers Nvidia far greater revenue potential. The RTX 5090 has already faced significant stock shortages in the U.S. market, with some third-party sellers even listing units for $9,600. If the discontinuation is confirmed, consumers will only be able to access remaining inventory moving forward. A more impactful change could be a step backward in GeForce flagship performance. Another leak claims Nvidia plans to launch a 24GB version of the RTX 5080, which will replace the RTX 5090 as its top-tier gaming graphics card. The current RTX 5080 has roughly half the number of CUDA cores as the RTX 5090, delivering around 30% lower 4K gaming performance. Even if the new model’s VRAM is increased to 24GB, it will still lag behind the RTX 5090’s 32GB of VRAM.

Prominent trader Killa posted that buyers are absorbing selling pressure during the recent pullback, a pattern similar to that seen in a prior consolidation phase, with very little support below the current price level. Order book data shows strong buy-side accumulation at the just-over-$80,000 price level, where buyers hold firm, and this level itself is a key psychological threshold for Bitcoin. Killa noted that if Bitcoin’s weekly candlestick closes above the prior week’s low of $82,600 this week, it will serve as a bullish signal, likely marking a typical return to range after a stop-loss hunt. As a BTC-focused quantitative trader, Killa accurately predicted the peak of the current bull market in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to a long position during the broad market selloff on June 5.

According to Salus monitoring, the attacker behind the Triple-A breach has transferred 4,970 ETH to Tornado Cash, worth around $12.4 million. The attacker routed two separate fund streams through a single wallet, depositing the funds into Tornado Cash via 49 transactions of 100 ETH each and 7 transactions of 10 ETH each. One of the streams includes funds that were previously withdrawn from a mixer. On July 27, stablecoin payment infrastructure Triple-A was hacked, with total losses totaling approximately $11.8 million.

XRP treasury firm Evernorth Holdings announced it has completed its business combination with special purpose acquisition company (SPAC) Armada Acquisition Corp. II, and will begin trading on the Nasdaq under the ticker symbol XRPN on October 12. Following the deal close, Evernorth holds approximately 473 million XRP tokens and has secured total gross cash proceeds of around $300 million, before deducting transaction fees. Evernorth is backed by investors including Arrington XRP Capital, as well as SBI Group, Ripple, Pantera Capital, Kraken, and GSR. The company positions itself as an actively managed XRP treasury, with plans to deploy capital into the XRP ecosystem, participate in institutional-grade on-chain finance, tokenized assets, on-chain lending and settlement infrastructure, and drive long-term growth in its per-share XRP holdings via institutional and DeFi yield strategies, ecosystem development, and capital market activities.

According to reports from The Hill and Politico, a survey conducted by PF Global in early October found that 26% of 2024 Trump supporters believe the Republican candidate in their district would have a better chance of winning the November midterm elections if they break with Trump. The poll covered 2,001 respondents, with a margin of error of 2.2 percentage points. On specific policy issues, 57% of respondents said the GOP should distance itself from Trump on the Iran war, 61% on economic matters, and 67% on immigration and border control. The survey also found that 44% of respondents reported their personal financial situation has worsened or significantly worsened since Trump took office last year; 59% said daily expenses like groceries and gas have become less affordable, including 40% of 2024 Trump supporters. When asked who should be credited if the GOP successfully retains control of both chambers of Congress in November, only 22% of respondents pointed to Trump’s presidential record, 29% cited poor Democratic campaign performance, 23% credited the GOP’s own strong campaign efforts, and 26% said they were unsure. As economic burdens and Trump’s approval rating emerge as election focal points, the GOP is facing stiffer competition in some seats once considered relatively safe.

Per TradingBeats monitoring, Hyperliquid whale address 0x15b3…3a42 holds 250 BTC long positions, valued at approximately $20.69 million. The address is currently using 20x full leverage, with an average entry price of ~$67,524.6, unrealized profit of around $3.81 million, and a position return rate of roughly 451.8%. Previously, the address held about 309 BTC long positions at an average entry price of ~$79,792, before adjusting its position down to 250 BTC, which brought its average entry price to approximately $67,524.6. The current BTC contract mark price is around $82,776.9, roughly 22.6% higher than the address’s average entry price.