Next Wave

• Liftoff was at 4:45 PM Central from Starbase, Texas, the first V3 Super Heavy catch attempt • One booster engine failed to relight during the boostback burn • Ship 42 is set to deploy 26 Starlink V3 satellites in orbit • The first ever ship catch attempt is planned for Saturday afternoon Central

• The assessment is preliminary and could change, per CNN reporting • FBI personnel across the country are continuing to monitor the situation • No federal official has ruled out a cyberattack on the record yet • The FAA still has not said when flights will resume

• Cause is now officially a communication issue at the centers that manage flights across US airspace • No lifting has been announced; departing traffic is still told to remain grounded until further notice • FAA advisory still lists an estimated end of 10:00 PM Central

• Ground stop took effect at 2:54 PM Central on Friday • FAA advisory lists the stop scheduled until 10:00 PM Central, with departing traffic told to remain grounded until further notice • Inbound international flights will be managed on a case by case basis • The FAA has not given a detailed cause; controllers and flight trackers report communication and equipment outage issues

• Starts with US ChatGPT Pro subscribers, 18 and over, with eligible US issued cards • Every purchase needs user approval with Face ID or a fingerprint, and agents pay with a token, never the real card number • OpenAI is taking no cut of transactions at launch, per CNBC

• Teams: restored, per Microsoft • Email: delivery improving, backlog still clearing • Status: still listed as service degradation this morning, not declared resolved • Microsoft: no sign of a cyberattack, root cause still to come

• Headline PPI: +0.3% month over month, vs +0.4% expected • Headline PPI: +6.5% year over year, vs +6.6% expected, up from +6.3% in September • Core PPI: +0.3% month over month, in line with expectations • Core PPI: +5.0% year over year, in line with expectations • September revised up: headline +1.4% month over month, core +0.8%

• Drivers: traders priced in a Fed rate hike next month, the dollar rose above 103 to its highest since April 2025, and Nvidia fell after Jensen Huang's resignation, per CoinDesk • Liquidations: $1.64 billion in 24 hours, per CoinGlass via CoinDesk, with longs at 88.7%, including $916 million in $BTC and $289 million in $ETH • Prices now: $BTC $69,246, $ETH $1,959, $BNB $640, $XRP $1.02, $SOL $80.73, $TRX $0.313, $HYPE $73.40 • Binance hack: the DOJ says more than $2.7 billion is frozen in total, including more than $1.2 billion seized or restrained from the Binance theft, and Binance says hack losses are fully covered • Ahead today: US October producer prices at 8:30 AM ET, expected up 0.4% on the month, with the Fed meeting on December 8 and 9

• Bitcoin lost the $70,000 level after sellers pushed through $72,000 and $73,000 earlier today • U.S. spot Bitcoin ETFs have now seen five straight days of outflows, about $1.44B in total, led by BlackRock's $IBIT • More than $720M in leveraged crypto positions have been liquidated in 24 hours, most of them longs • Bitcoin is now below its 200-day moving average near $73,200, and traders are watching $68,000 as the next level down