| | | | Traditional finance 🤝 Tokenization | In our previous explorations of the benefits and pitfalls of tokenization, three things have become clear: | Traditional markets have limitations which tokenization can solve Tokenization is earning trust and respect (Blackrock just changed their mind on it) There are companies to pay attention to
| One company to watch is Diamond Lake Minerals ($DLMI). | They started in 1954, but are now tokenizing assets across commercial real estate, music, tv, media, and IP, consumer products |  | DLMI creates SEC-registered tokenized securities. |
| How it works: | Their Security Token Offerings (STOs) allow for real-time settlements and improved transparency. DLMI ensures that all investments are conducted on SEC-regulated platforms making it a safe and compliant way to enter the world of digital securities. Investors can take advantage of tokenized assets and fixed-rate bonds, providing monthly payments or compounding interest.
| Recent news: | New CEO Brian Esposito took over Aug 23 and has lifted the stock from $0.35 to a high of $13 Invested in Upstream: their own licensed digital asset/security token exchange Partnered with Republic, Colliers, and Boxabl
|  | DLMI's advisors include Anthony Scaramucci ("The Mooch"), Larry Namer, and Raul Leal |
| DLMI is a publicly-traded security. Accredited and non-accredited investors can invest. | Learn more: | | Have a question for CEO Brian Esposito? | | Safe Harbor Statement | | 📰 Market Headlines | | Stocks edged higher yesterday, with the Dow and S&P 500 setting new records after the Fed’s rate cut. Former President Trump threatened to impose a 200% tariff on John Deere if it moves production to Mexico. California Governor Gavin Newsom signed nine AI bills, targeting deepfakes and election security. Boeing offered striking workers a 30% wage hike over four years in its "final" offer.
| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | | 📈 Trends you need to know | | It’s been a rough decade for Kmart. |
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| | 🧠 What do you think? | | When did you last shop at Kmart? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | | Market movers | The FAA pledged to hold Boeing accountable and overhaul safety after a January mid-air emergency. Meta announced plans to unveil celebrity voices, including Judi Dench and John Cena, for its AI chatbot at this week's Connect conference. The Swiss National Bank is set for its third straight 25-basis-point rate cut on Thursday. Kmart announced plans to close its last full-size store in mainland US on October 20, 2024. Biogen and UCB's lupus drug met its primary goal in a late-stage trial, showing a significant reduction in disease activity compared to a placebo.
| Ideas, trends, and analysis |
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| The US economy paced for healthy growth of 2.2% in Q3. Gold surged to $2,634.16 per ounce, driven by rate cuts and geopolitical tensions. Unemployment climbed to 4.2%, nearing the rise that typically signals a recession. Murder rates dropped 11.6% in 2023, marking the biggest single-year decline in 20 years.
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|     | | 🌍 Global Perspectives | | 🇮🇱🇱🇧 Israel hit 1,300 Hezbollah targets in Lebanon, killing 492 in the deadliest day since 2006. 🇧🇴 Bolivia's wildfires broke records, with 70,628 hotspots by September 2024. 🇮🇷 Iranian President warned of "irreversible" consequences if the Middle East conflict escalates. 🇷🇺 Satellite images showed a failed Russian Sarmat missile test, leaving a 200-foot crater.
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| | 📊 Crypto | | BlackRock demanded 12-hour Bitcoin withdrawals from Coinbase for its ETF. Bittensor’s TAO token surged 56%, leading the AI token rally and outpacing crypto's rebound. Celestia Foundation raised $100 million from Bain Capital Crypto, boosting its total funding to $155 million. Chinese Bitcoin miners dominated with 55% of hashrate despite the 2021 crypto ban.
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| | 🧠 Errata | A bear cub wandered into a middle school cafeteria in Colorado. OceanGate co-founder revealed no initial plans to build its own sub before the Titan tragedy. A California firefighter was arrested for igniting five fires while off duty. Iceland police shot a rare polar bear that wandered into a remote village, the first sighting in eight years.
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| | 📺 What to Watch Today |  | Cal Fire firefighter arrested for allegedly starting 5 North Bay fires while off duty |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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