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MrBeast Linked to $23M Crypto Deals

A new investigation is accusing YouTuber Jimmy “MrBeast” Donaldson of cryptocurrency misconduct, adding to a growing list of recent controversies. A team of digital investigators, led by crypto analyst Kasper Vanderloock, has published findings on Loock.io linking Donaldson to over 50 cryptocurrency wallets with transactions totaling approximately $23 million.

The investigation claims Donaldson engaged in insider trading and used his influence to promote tokens before dumping them on the market. According to the Loock team, Donaldson repeatedly invested large sums in cryptocurrency projects during their pre-sale periods, achieving unusually high returns. The investigators point out that Donaldson’s success rate was particularly suspicious for someone who isn’t a full-time crypto trader.

You can read more on the matter here.

• Meta’s Nuclear-Powered AI Dreams Buzzkilled by Rare Bee (theDeepDive)

• Ottawa to release draft rules to cap greenhouse gas emissions from energy sector to 35% below 2019 levels (Globe)

• Glencore Backed US Critical Minerals Moving to PEA | Stillwater Critical Minerals with Michael Rowley (theDeepDive)

• How European housing models can help solve Canada’s affordability crisis (BNN)

• Spain’s political leaders turn on each other over flood catastrophe (FT)

• Algorithm Czars and Prediction Market Traps: How Tech Profits from Election Season (theDeepDive)

• Russia Suspected of Plotting to Send Incendiary Devices on U.S.-Bound Planes (WSJ)

• Trump and Harris prepare to make final pitches to voters (Reuters)

• Nvidia-Backed Firm Seeks Nuclear-Powered Site for AI Data Center in Japan (theDeepDive)

• What’s Next for Uranium After the Big Price Surge (Bloomberg)

• Pay-to-Stay Scandal: Canada’s Broken Immigration System Exploits Foreign Workers with Fake Jobs (theDeepDive)

• Canada posts cyber attaché in Taiwan as ties deepen (Globe)

What’s the latest?

• Ford: Ford's U.S. vehicle sales rose 15.2% in October, led by a 29.2% increase in truck sales, following last year’s UAW strike impact. Market share grew by 0.6 percentage points to 12.6%, outperforming the industry’s 10% gain. Hybrid sales surged 38.5%, while EV sales dropped 8.3% for the month but remain up 38.2% year-to-date. Ford plans to pause F-150 Lightning EV production from Nov. 18 to Jan. 6.

• Buffet’s Apple Stake: Berkshire Hathaway reduced its Apple stake by 25% in Q3, lowering its value from $174.3 billion last year to $69.9 billion. Cash reserves reached a record $325.2 billion, with net stock sales of $34.6 billion this quarter. Operating profit fell 6% to $10.1 billion, impacted by $565 million in hurricane losses and $1.1 billion in forex losses.

• Crypto: Crypto companies, led by the super PAC Fairshake, have raised $170 million for the 2026 U.S. midterms, including major contributions from Coinbase, Andreessen Horowitz (a16z), and Ripple Labs. Fairshake has distributed $135 million, with crypto-backed candidates winning 36 out of 42 primary races it targeted in the 2024 cycle. Key supporters aim to push for regulatory frameworks on digital assets and stablecoins.

• Treasury: U.S. Treasury yields fell on Monday ahead of the U.S. presidential election and an expected Fed interest rate decision. The 10-year Treasury yield dropped 9 basis points to 4.272%, while the 2-year yield declined over 6 basis points to 4.137%. Investors anticipate a 99% likelihood of a quarter-point rate cut following the Fed's 50 basis point cut in September. Additionally, September factory orders fell by 0.5%, matching economists' expectations.

• Elon Musk: Elon Musk's America PAC, which is backing Trump, is awarding $1 million daily to selected voters in key battleground states, raising $120 million so far. While advertised as a random giveaway, recipients are actually chosen for their potential as spokespeople, sparking legal action from Philadelphia’s district attorney, who argues it’s an "illegal lottery." The PAC has awarded $1 million to 16 individuals since October 19, with two final recipients set for November 5. The U.S. Department of Justice has raised concerns about potential federal law violations, but has not acted publicly.

Air Canada Q3 2024 earnings

The stock market and stuff

• enCore Energy Guides To Delivering 740,000 lbs Uranium In 2025 As Part Of 5 Year Outlook (theDeepDive)

• Oil rises nearly 2% after OPEC+ delays output hike, US election in focus (Reuters)

• Buffett Keeps Cutting Apple Inc. Stake, With Value Down 60% (Bloomberg)

• BCE Acquires Ziply Fiber For $5.0 Billion, Pauses Dividend Growth (theDeepDive)

In the juniors

• Gran Tierra’s Q3 2024 Profits Plunge 97% Amid Rising Costs and Oil Price Pressures (theDeepDive)

• 9m Over 1 Oz of Gold & an All-Star of Shareholders! | Goliath Resources with Roger Rosmus (theDeepDive)

• Drill-Ready Mexican Gold Project with Only 15M Shares Outstanding | Questcorp with Saf Dhillon (theDeepDive)

• Rua Gold Hits 34.1 g/t Gold Over 0.2 Metres At Reefton (theDeepDive)

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