🏆🤖Happy Halloween!

THE PROFITS💸

Good morning Opportunists. Happy Halloween! 🎃 Today, we’re serving up a little more than just tricks and treats—it’s a round-up of financial news that could haunt your wallet! From new policies brewing in Washington to shifts in the stock market and crypto world, we’re here to keep you updated on what might affect your bottom line. So, grab your pumpkin spice and settle in for a quick scare—or maybe even a few sweet surprises—for your finances!

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US Money News

The US is about to enter into this tremendous debt crisis… (but I believe) we’re going to stop that from happening - Anthony Scaramucci

The U.S. may handle its debt crisis by allowing inflation to rise, a move that could harm savers and middle-income households, says SkyBridge Capital's Anthony Scaramucci. He predicts that despite concerns over soaring deficits and potential rating downgrades, the debt issue will be contained, and even foresees a threefold increase in bitcoin prices by mid-2026, with the cryptocurrency potentially reaching $170,000 due to high demand and limited supply. [Source]

$500 million Valuation

Sana, an AI-driven knowledge platform, has secured $55 million in funding at a $500 million valuation, with the round led by NEA and Menlo Ventures. With this boost, Sana is enhancing its AI capabilities, launching custom AI agents to handle complex tasks across apps, and introducing advanced enterprise search and automated workflows—features already benefiting major clients like Merck and Electrolux. The company’s acquisition of CTRL further strengthens its AI automation vision, and Sana plans to use this investment to accelerate global growth and product innovation, making company knowledge more accessible and actionable. [Source]

The Center for Special Needs Trust Administration, Now in Chapter 11 Bankruptcy

An investigation revealed millions of dollars vanished from a St. Petersburg trust fund meant for people with disabilities, leaving affected families in distress. The Center for Special Needs Trust Administration, now in Chapter 11 Bankruptcy, reportedly loaned $100 million to its founder's business without repayment, and 75% of the trusts were drained; court-appointed trustee Michael Goldberg is now overseeing the center's shutdown and pursuing legal action to recover the funds. [Source]

It is recommended families consult an attorney or legal aid resources, including:

• Special Needs Alliance: www.specialneedsalliance.org

• Academy of Special Needs Planners: https://specialneedsanswers.com/

• National Academy of Elder Law Attorneys: www.naela.org

• National Elder Law Foundation: www.nelf.org

Science and Technology

A Robot with a Human-Like Gait: Shenzhen EngineAI Robotics has launched SE01, a full-size humanoid robot that sets a new standard in human-like movement and energy efficiency with its advanced neural network system and natural gait. Equipped with aerospace-grade materials and dual NVIDIA and Intel processors, SE01 is built for both industrial and educational use, embodying EngineAI's vision to integrate robots seamlessly into everyday life. [Source]

Jeff Bezos’ Reason for Going to Mars: Jeff Bezos’ cryptic desire for reaching Mars has resurfaced after The Washington Post, which he owns, declined to endorse a 2024 presidential candidate, allegedly due to his veto of Kamala Harris as the paper’s choice. New Yorker journalist Sarah Larson hinted that a powerful source once suggested Bezos has “personal reasons” for aiming at Mars, adding a mysterious layer to his space ambitions, even as Bezos leans more toward space stations than Martian colonies. [Source]

$665 Million Price Tag: AMD recently acquired Helsinki-based AI startup Silo AI for $665 million, marking Europe’s biggest AI acquisition. Silo AI, co-founded in 2017, built its reputation by partnering with clients like Rolls Royce and Philips to integrate AI into digital products and remains focused on boosting Europe’s AI landscape through innovation, even as it joins forces with AMD. [Source]

Business & Markets

Gold and Silver: Gold surged past $2,760 and silver hit a 12-year high at $34 per ounce, fueled by global tensions, central bank buying, and favorable rate cuts, with analysts predicting further gains for both metals. [Source]

Bitcoin: Bitcoin has reached a milestone in Canada, surpassing C$100,000 for the first time, boosted by the weakening Canadian dollar after the Bank of Canada’s recent rate cut. Meanwhile, it also set a record in the Eurozone at €67,443, though it remains slightly below its all-time high in US dollars, last hitting $73,737 amid excitement over Bitcoin ETFs earlier in 2024. [Source]

Streamlining the Visa Process: After navigating her own visa challenges, Priyanka Kulkarni launched Casium, an AI-powered platform to simplify and expedite immigration applications, enabling attorneys to focus on strategy rather than paperwork. [Source]

Crypto Fraud: Liu Zhou, founder of crypto firm MyTrade, pled guilty to market manipulation after being caught in an FBI sting operation, marking the first use of a fake token by the FBI to expose crypto fraud. [Source]

Robert Downey Jr.: Robert Downey Jr. warned he’ll sue any future executives who use AI to recreate his likeness, emphasizing his stance against digital replicas and confirming his Marvel return in 2026 as Doctor Doom, not Iron Man. [Source]