Naoris Protocol Shakes Up Milken Institute Global Investors’ Symposium in Mexico
Decentralized cybersecurity disruptor Naoris Protocol just dropped a bombshell at Mexico's elite financial gathering—and Wall Street's old guard isn't going to like it.
The Blockchain Revolution Hits Main Street
While traditional finance titans were busy debating interest rates and inflation metrics, Naoris was demonstrating how decentralized security networks could fundamentally rewrite the rules of digital trust. Their protocol doesn't just patch vulnerabilities—it rebuilds the entire foundation from the ground up.
Mexico's financial elite got a front-row seat to watch traditional cybersecurity models get dismantled in real-time. The timing couldn't be more perfect—just as legacy institutions are scrambling to protect their aging infrastructure against increasingly sophisticated attacks.
Here's the kicker: while the suits were worrying about quarterly earnings, Naoris was busy building the anti-fragile security infrastructure that might eventually make their entire compliance departments obsolete. Because nothing says 'financial innovation' like watching billion-dollar security budgets get disrupted by a few lines of code.
US stocks fell as Meta, Microsoft tanked
The sharp selling across the benchmark index S&P 500 and tech heavy Nasdaq came as shares of tech giants Meta and Microsoft dropped. The Meta stock dumped 10% and Microsoft slid more than 2%, with investors jitters cropping up amid concerns around the companies’ spending outlooks.
Trump-Xi talks, Fed outlook
US stocks continue to hover NEAR record highs despite the latest dip. However, the sell-off pressure that followed the Federal Reserve’s interest rate cut on Oct. 29 lingered on Thursday.
Wall Street appeared spooked after Fed chair Jerome Powell highlighted that the market’s anticipation of a fresh rate cut in December may be a bit stretched. In comments following the 25 basis point rate cut, Powell said another reduction at the central bank’s Dec meeting is “not a foregone conclusion.”
“What do you do when you are driving in the fog? You slow down,” Powell said.
A reaction across equities also reflected in cryptocurrencies amid a broader slip for risk assets.
On Oct. 30, the mood remains one of caution despite significant positive developments related to the Trump-Xi meeting.
Notably, it was revealed that the U.S. and China have agreed a one-year trade truce. Trump, in comments after the meeting, said that the two leading economies, and top trading partners, will soon have a formal deal.
Market observers see this as a scenario that will likely bring a sense of certainty to markets over coming months.
