Brennan Center Report on Curbing Executive Power Gets Partial Praise From Reason
The Brennan Center has released a new report on limiting presidential power. A Reason post on the Volokh Conspiracy blog, published October 30, says many of the report's recommendations are well-taken. The post is a reaction piece, and the original report is the source of the proposals.
Why it matters: Concentrated executive authority over spending and the money supply has long been a path to inflation and fiscal abuse, so any serious proposal to restrain it deserves attention from people who want sound money.
Binance's $6B Hack Knocked Bitcoin Down Only 5 Percent
A hack of about $6 billion at Binance pulled Bitcoin down roughly 5%, a far smaller move than the size of the breach would suggest. Pomp Letter treats the episode as a guide to what the market may look like heading into 2027.
Why it matters: When a major exchange loses billions and Bitcoin barely flinches, the case for self-custody and for money that does not depend on any one institution's solvency gets stronger.
Coinbase Misses Revenue Targets as Users Drop, Armstrong Plans Share Sales
Coinbase missed revenue expectations as its user base shrank, though recurring revenue kept growing. Armstrong also set up new share sales, and a massive security breach at Binance added pressure to crypto markets.
Why it matters: When an exchange's revenue depends on how many people trade through it, and its insiders sell stock while users leave, custodial platforms look less stable than the self-custody model Bitcoin was built for.
Bitcoin ETF Flows Swing From Highly Negative to Strong Accumulation, Evans Says
Tyler Evans says Bitcoin ETF flows have moved from "highly negative" to "strong accumulation," a shift he reads as the start of a post-bear setup. He ties the outlook to Fed policy and bond yields, and he calls the U.S. midterm elections pivotal heading into 2027.
Why it matters: When institutional money returns to a fixed-supply asset while the Fed and bond yields set the price of credit, the flow data shows whether capital is choosing sound money or waiting for another round of easing.
Dallas Fed's Logan Says Fed Must Hike Rates at Least Twice More
Dallas Fed President Lori Logan said on October 30 that the FOMC should raise the federal funds rate by 0.25 percentage points at least two more times to curb inflation. Speaking to students at Davidson College, she backed this week's decision to hold rates steady but said further tightening is still needed given current economic conditions, according to Reuters.
Why it matters: A senior Fed official calling for more hikes shows the central bank is far from easing, and every extra increase keeps pressure on the purchasing power of the dollar and on savers who hold it.
Los Angeles Rents Hit Four-Year Low as Housing Restrictions Ease
Rents in Los Angeles County fell to a four-year low in July, according to reports cited by the Independent Institute. The median rent still stands at $2,603 per month, high by national standards. The drop shows what happens when governments loosen housing restrictions and let developers build.
Why it matters: Housing costs are mostly a product of government permission to build, so freeing supply does more for affordability than any monetary stimulus ever could.
Most Senators Already Exceed Median Retirement Age, and More Sexagenarians Are Coming
A majority of current senators are older than the U.S. median retirement age, and more sexagenarians are expected to join the chamber next year. Of the newcomers heavily favored to win in Tuesday's elections, five are in their 60s. Roll Call asks whether youth still works as a selling point for under-50 candidates in a chamber that skews old.
Why it matters: Senators shape Fed oversight, federal spending, and crypto rules for years, so who fills these seats determines how Washington treats sound money.
This digest curates and summarizes news from multiple sources. All source links are provided for full context. Summaries reflect the author's interpretation and do not constitute financial advice. View all sources