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US News: JUST IN: S&P 500 falls to its lowest level since November 2020. JPMorgan estimates September's inflation will fall to 8.1%, while CEOJamie Dimon also warns the US and global economy will likely tip into recession within 6 to 9 months and easily making another 20% fall. World's largest custodian bank, BNY Mellon, launches #crypto custody services. Crypto News: BREAKING: Google partners with Coinbase to accept #cryptocurrency for cloud services. Morgan Stanley reports #crypto is becoming less decentralized. Meta CEO Mark Zuckerburg says he "strongly believes an open #metaverse built by many different developers & companies is going to be better for everyone." SEC launches investigation into Bored Ape Yacht Club creator Yuga Labsfaceing a probe from the US Securities and Exchange Commission (SEC), according to Bloomberg. The investigation is to inquire whether the Bored Ape Yacht Club NFT collection violated federal law. The SEC is also looking into how ApeCoin was distributed to owners of the Bored Ape Yacht Club and associated NFTs. The probe has not yet been made public, and the investigation doesn’t prove that Yuga Labs has committed any misconduct.

US NEWS:US national debt surpasses $31 trillion for the first time ever.Twitter confirms they received Elon Musk's $44 billion offer and intends to close the acquisition deal at $54.20 per share. However according to a Reddit thread, Musk’s recent phone records reportedly reveal that the billionaire had been discussing moving Twitter to the blockchain, eliminating all bots, and charging 0.1 DOGE to tweet or retweet. The plan was later deemed infeasible.Amazon, $AMZN freezes corporate hiring until year's end, NYT reports.New York FED President John Williams says inflation will likely come down to 3% by next year. Yet theUnited Nations says the FED and other central banks risk pushing the global economy into recession if they keep raising interest rates. CRYPTO NEWS:Coinbase announces a documentary about its company and #cryptocurrency releasing next Friday on Amazon, iTunes and YouTube.Kim Kardashian has agreed to pay $1.26 million to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing she’d been paid $250,000 to do so. The SEC said Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing investigation. The SEC said Kardashian failed to disclose that she was paid to publish a post on her Instagram account about EMAX tokens, a crypto asset security being offered by EthereumMax.