Dow Jones futures were little changed Tuesday night, along with S&P 500 futures and Nasdaq futures, with Netflix earnings in focus. The stock market rally continued to move toward record highs Tuesday even as Treasury yields hit fresh highs. Apple (AAPL) helped lead the broad advance, while Bitcoin neared record highs as a Bitcoin futures ETF debuted.

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Netflix (NFLX), Intuitive Surgical (ISRG) and United Airlines (UAL) reported earnings after the close. Chip-equipment giant ASML (ASML) reports earnings very early Wednesday, with peer Lam Research (LRCX) after the close.

NFLX stock fell slightly despite Netflix subscriber growth and guidance beating forecasts. ISRG stock dipped after the robotic-surgical systems maker narrowly topped views.

ASML stock rose 1.6% on Tuesday, closing in on its 50-day line as it works on a new consolidation.

Tesla Earnings Loom

Meanwhile, Tesla (TSLA) is on tap late Wednesday after it reported record third-quarter deliveries earlier this month. TSLA stock fell 0.7% to 864.27 on Tuesday, snapping a six-session win streak. The EV giant is nearing record highs, extended from earlier buy points as it works on its ninth straight weekly gain….

As with many good stories, it starts with a Twitter thread.

Anthony Pompliano kicked things off by summarizing an article by Avik Roy.

https://twitter.com/APompliano/status/1449497170332327940

Mark Cuban, owner of the Dallas Mavericks, investor of Shark Tank fame (and who was pitched sub-$300 bitcoin by Michael “Bitstein” Goldstein in 2015 at SXSW) somewhat caustically responded:

Macro investor and former Goldman Sachs executive Raoul Pal says Bitcoin and crypto are on the cusp of entering the part of the bull cycle where the markets trend higher.

In a new Crypto Banter episode, the macro guru says the digital asset markets are ready to move higher after a brutal corrective period in the last few months.

“We are in the teeth of the best part of the entire cycle. The price is going to go up regardless. We threw all the FUD (fear, uncertainty and doubt) at it over the summer. That was the 50% correction. Basically, the market’s been trading sideways in a volatile range since March for Bitcoin and May for the rest of the market. This is the point. If you look at all of the post-halving cycles, this quarter is where all the games are made.”

Pal also says he’s looking at a major catalyst that can push the crypto markets to greater heights next year.

“The big factor that people need to think about is how institutions allocate. It’s quarterly, and it’s annual. So we will see [in] this bull run everybody who hasn’t yet invested or wants to increase their weightings, that will come in jam and generally, every one with new shiny P and…

Bitcoin prices rallied today, coming within a single percentage point of reaching the all-time high they set early this year.

The digital currency rose to as much as $64,309.33 this afternoon, CoinDesk data showed.

At this point, the cryptocurrency was trading less than 1% below the all-time high of $64,888.99 it reached in April, additional CoinDesk figures show.

The digital asset enjoyed these gains the same day that The ProShares Bitcoin Strategy ETF, the first such fund available in the U.S., started trading on The New York Stock Exchange.

Some analysts have criticized the aforementioned exchange-traded fund, noting that it is not a spot-based ETF and is instead linked to futures contracts.

One article, written by a MarketWatch editor named Mark DeCambre, went so far as to describe this fund as “an inferior futures product,” citing the input of registered investment advisers.

However, other market observers have taken a more optimistic slant, interpreting the listing of this ETF as a bullish development.

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Interactive Brokers has launched cryptocurrency trading for U.S.-based advisors, becoming the first full-service custodian to offer crypto alongside other asset classes, in a move that brings the industry a step further into the Bitcoin era. 

Advisor clients of Interactive can now trade and custody Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on behalf of their end clients, with Paxos Trust Company serving as the custodian. 

“This…

Marqeta stock climbed Tuesday after it rolled out a new debit and credit card-issuing services aimed at Bitcoin and other digital cryptocurrencies. Marqeta (MQ) said it’s working with Coinbase Global (COIN) and others to make it easier for cryptocurrency owners to buy things with Bitcoin.

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Shares in Marqeta popped 8% to 24.82 in afternoon trading on the stock market today. MQ stock is one of many financial technology stocks to watch.

Through Marqeta, Coinbase plans to offer a Visa debit card allowing users to spend their cryptocurrency balances at any establishment that accepts Visa debit cards. In addition, users will earn additional crypto rewards on eligible purchases.

In addition to Coinbase, Marqeta said it works with crypto firms Bakkt, Fold and Shakepay.

Marqeta Stock: Square Biggest Customer

Marqeta’s primary customers include Square (SQ), Instacart, and DoorDash (DASH). Its payment platform enables customers to issue physical and virtual credit and debit cards.

Marqeta’s technology authorizes and settles transactions. Oakland, Calif.-based Marqeta earns volume-related fees generated with card use and processed transactions.

Marqeta launched its initial public…

Riders, horses, supporters and members of the Trail Horsemen Society (THS) and the Back Country Horsemen – West Kootenay Chapter (BCH) officially opened the recently completed Mountain Trail Course last week.

Local horsemen and women met at the Trail Horsemen’s Grounds for an official opening ceremony on Oct. 9, and a course demonstration by riders Tammy Peitzsche, Angela French, Brent Wray, and Barb Vincent.

“It is my observation that big plans and ambitious dreams take time, commitment, unfaltering determination, and great community support, the MTC was no exception,” said BCH chair Wendy Morrison at the official opening on Oct. 9. “This ambitious dream was initiated by Rick Fillmore, Chair of the BCH for 10 years, with Jacqui Doucet Howes helping with course design and obstacle planning.”

The course was created for both the BCH and THS to train their horses…

Bitcoin’s steady march to near-all time highs came as traders correctly anticipated that the U.S. Securities and Exchange Commission (SEC) would approve futures-based exchange-traded funds (ETFs). But instead of it being a collective effort by both retail and institutional investors across multiple platforms, crypto exchange data shows that a large investor or investors on one particular exchange, using mostly a particular dollar-pegged stablecoin, are once again the main factor behind a rally.

An Oct. 18 newsletter by data firm Kaiko indicates that bitcoin’s recent gains took off after the BTC/USDT spot trading pair’s volume spiked around Oct. 10 on Binance, one of the world’s largest exchanges. The spike took place just a few days after one buyer or a group of buyers entered an order on Binance on Oct. 6 to buy $1.6 billion worth of bitcoin, which sent bitcoin’s price skyrocketing 5% to about $55,500 at the time.

The finding supports the narrative that whales (large bitcoin investors) on Binance continued to purchase large amounts of bitcoin using dollar-pegged stablecoin USDT, without worrying about moving bitcoin’s price up sharply.

A breakdown of ‘abnormal’…

Advanced technology can help us tackle vehicle crime investigations, writes Dr Ken German.

Vast amounts of money and time have been invested into the tracking, tracing and identification of stolen art treasures so much so that art theft is now approached as not just a police matter but as a multi-agency investigation that allows the police, insurance companies, approved private art investigators, tracing agencies and other likeminded groups to amalgamate and share certain relative information to the benefit of all.

Indeed police investigations into the thefts and burglaries at certain museums, auctions and country houses clearly show some parity particularly with the values of stolen historic and rare classic cars and motorcycles, which have an equivalent worth to the artefacts taken in the more publicised art collection burglaries. What is different is that notwithstanding existing technology that supplies these important tracking devices and automatic number plate readers for the police as aids to recovery of stolen vehicles, it’s often the police alone who have to deal solely with the any tracing, identification, seizure, evidencing and repatriation of these treasured…