One token to rule them all: A “JRR Token” cryptocurrency has been removed from circulation after complaints by the Tolkien estate, reports the Financial Times. The estate of Lord of the Rings’ author JRR Tolkien filed a complaint with the World Intellectual Property Organization (WIPO) after the launch in August of the cryptocurrency — which used the JRRToken.com domain name for a website that “featured rings, hobbit holes and a wizard with an uncanny resemblance to Gandalf.” WIPO’s decision that the developer sought to take advantage of Tolkien’s fame came in spite of the developer’s insistence that “token” was a generic term that was unrelated to Tolkien.

Albert Einstein’s notes are going up for auction and are expected to raise EUR mns: The physicist’s handwritten notes on the theory of relativity will be auctioned off in Paris today by Christie's as part of The Exceptional Sale collection, the auction house announced. The 54-page working manuscript was written by Einstein and Michele Besso between June 1913 and early 1914. The manuscript is the “most valuable” of Einstein’s notes since it is one of only two surviving manuscripts documenting the genesis of general relativity. The collectible is expected to fetch some EUR 2-3 mn and you can check out live updates from the auction when it starts at 7:30 CLT.

Tesla holds a sway over the stock market far bigger than its market cap justifies, reports the Financial Times. The company is less affected by market trends than it is by factors like its CEOs tweets or BTC, allowing it to operate outside of conventional market influences. What the newswire calls the “Tesla-financial complex” is also largely due to a complex of associated investment vehicles, copycats and associated derivatives that give the company a role that far exceeds its USD 1.1 tn valuation. The company’s options market is so massive — its nominal trading value averaged USD 241 bn per day recently, and it is more than 60 times as active as the FTSE 100 options market — that it affects how markets price risk. The FT even argues that the success of its stock has spilled over onto other EV companies, with Amazon backed EV startup Rivian and Lucid receiving high valuations due to the “halo effect” associated with Tesla.