Happy Friday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin trades back above $86,000
- About $110 million in crypto shorts were liquidated in a 10-minute burst.
- BlackRock ETF clients bought $195.57 million of Bitcoin.
- The Bitcoin Fear & Greed Index rose to 74, back in greed. Polymarket put a 56% chance on Bitcoin finishing the month above $90,000.
- Bitcoin closed Q3 up 39.6%, ahead of gold, the S&P 500 and silver. October has finished green in 11 of the last 16 years.
- Citi sees Bitcoin at $113,000 over the next year. The president of Coinbase Asset Management said Bitcoin could reach $300,000 by 2030, and the iTrustCapital CEO said more than half of clients have been buying Bitcoin since the $58,000 low.
- SEC Chair Paul Atkins said crypto has grown from a niche curiosity into a multi-trillion-dollar asset class, and the SEC proposed a new custody framework for investment advisers and regulated funds.
- Congress is considering rules that would let banks and credit unions hold digital assets and use blockchain. Illinois postponed a plan to tax crypto transactions whether or not they are profitable. EU regulators said they need more powers over crypto and questioned Binance over operations after an order to wind down.
- Nike fell to a 10-year low after earnings. Revenue was $11.21 billion, short of estimates, while EPS of $0.48 beat. Greater China sales dropped more than 20%, and the company guided for a high-single-digit revenue decline in fiscal 2027. The stock was down about 8% after hours.
- The average 30-year U.S. mortgage rate rose to the highest level since 2023, with prints in the 7.3% to 7.6% range. The 30-year Treasury yield sat around 5.6% to 5.7%. The Bloomberg aggregate bond index fell 2.6% in September, one of its worst months in 30 years.
- Goldman Sachs moved its forecast for the next Fed rate hike to December. President Trump said inflation is totally under control.
- President Trump said the U.S. government might take ownership stakes in OpenAI, Anthropic and other AI companies. He also told aides he expects bombing of Iran to resume by the end of November, according to the Wall Street Journal.
- China suspended fuel exports until further notice, with PetroChina canceling some gasoline and jet fuel shipments as stockpiles sit at multi-year lows. The U.S. threatened an export ban on France and Germany if they do not release emergency diesel reserves, Reuters reported.
- Amazon plans to sell $8 billion of Nvidia chips to investors, the Financial Times reported. Amazon also signed a 20-year power deal with Constellation Energy for 190 MW of new nuclear capacity and more than $3 billion of investment.
- Synopsys rose about 11% after partnerships with OpenAI and Amazon, including an AWS chip-design deal worth more than $1 billion. Onsemi revised its Synaptics takeover to $123 a share in cash, about $5.7 billion, and Synaptics jumped about 13% after hours.
- Occidental rose after Goldman Sachs upgraded it to buy, added it to the conviction list and lifted the target to $69, with oil also higher. Google unveiled Gemini 4 Argon, aimed at coding, enterprise work and cybersecurity. Micron’s outlook lifted Asian chip names overnight, including Advantest and Tokyo Electron.
- Volantis raised an $88 million Series A to attack AI’s memory bottleneck with optics. Tavus showed Griffin, a face-to-face model it says passed a video Turing test and ranked first on Nvidia’s benchmark. Putin said there is no stopping the technological progress of AI.
📊 Altcoin Market Updates 📊
- Bitwise and Franklin ETF clients bought a combined $7.24 million of XRP. The XRP Ledger crossed 10 million x402 payments, with agent payments settling through t54’s facilitator.
- Congress is looking at letting banks and credit unions issue stablecoins as part of a broader digital-asset rule expansion.
- NEAR Intents was exploited for more than $3.8 million after irregular outflows from its BSC hot wallet, according to ZachXBT. The incident was still marked as ongoing and hit multiple EVM chains.
- Phantom expanded to BNB Chain. NEAR flipped Avalanche in 24-hour DEX volume.
- Grayscale ETF clients sold $30.25 million of ZEC.
- Silverchat’s $SC token rallied more than 3,500% from launch. The token is tied to the network where $ZC is spent, referenced from Vitalik’s Novel Chapter 27.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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