Happy Wednesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin reclaimed $87,000 after touching $85,000
- BlackRock and other Bitcoin ETF issuers recorded a combined $714.75 million in inflows, following nearly $1 billion into spot Bitcoin ETFs the prior day, the largest since October 2025.
- Coinbase now offers fixed-rate Bitcoin-backed loans.
- Russia's Moscow Exchange launched perpetual Bitcoin futures trading.
- Calamos Investments, with $50 billion in AUM, said Bitcoin is becoming an allocation in most portfolios, including sovereign wealth funds, and called it a great investment.
- UTXO Management said we are at the start of what could be a nice Bitcoin bull run, with price potentially in the mid-90s to low $100,000 range within 3-6 months.
- Bitcoin/gold bear markets have historically lasted about 14 months; that mark is now past and Bitcoin is rising.
- President Trump said the Iran relationship is developing and that he thinks a settlement will be reached.
- President Trump called to ban U.S. diesel exports. The U.S. is the world's largest diesel exporter.
- U.S. money supply grew 5.7% over the last year, the biggest year-over-year increase since June 2022.
- Markets were pricing in two Fed rate cuts at the start of 2026. After last week's 25 bps hike, markets are now pricing in at least one more hike before year-end.
- Bank stocks were among the weakest: Schwab fell 6.6%, J.P. Morgan 3.7%, and Citigroup about 3% as the 2-year/10-year Treasury spread narrowed and pressured lending margins.
- BlackRock said AI compute could be tokenized in the future and that AI agents will drive major demand for crypto stablecoins and blockchain payments.
- OpenAI introduced GPT-6 Sol and Luna, expanding the GPT-6 model family.
- Anthropic launched Claude Opus 5.5, the first model in the Claude 5.5 family.
- Elon Musk said AI will beat all fields by the end of next year, or 2028 at the latest.
- Palantir co-founder Joe Lonsdale said AI will make everyone really wealthy.
- Shopify rose about 7% after integrating Shop Pay with Meta’s Muse AI assistant so users can discover products and complete purchases inside the AI experience.
- On Holding jumped about 13% after unveiling 2029 targets of at least CHF 5.6 billion in sales and 22% adjusted EBITDA margin, plus a $1 billion share buyback.
📊 Altcoin Market Updates 📊
- Canada's six biggest banks launched a joint tokenized deposits project to enable 24/7 blockchain-based payments: Bank of Montreal, Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, National Bank of Canada, and CIBC.
- SoFi Bank and Mastercard launched a crypto stablecoin settlement payment network.
- Binance invested $100 million in USDC issuer Circle.
- Hyperliquid's HYPE token broke $97 for the first time.
- Zcash broke $1,600.
- The Bitwise Solana Staking ETF, the world's largest Sol ETF, recorded a new all-time high in AUM of more than $1.2 billion.
- CME Group said it will launch Bitcoin Cash and Uniswap futures on October 19, pending regulatory review.
- Near Protocol partnered with Ondo to bring tokenized U.S. stocks and ETFs onto its platform.
- East Texas A&M University students announced they built the first post-quantum security solution for the Bitcoin Lightning Network.
- Kalshi seeks approval for a prediction-market margin model designed for institutional trading.
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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