Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 110,320.0 | +2.41% |
| Ethereum (ETH) | 3,892.50 | +2.27% |
| Bitcoin Spot ETF | −112.6M | Net Outflow |
| Ethereum Spot ETF | −18.9M | Net Outflow |
| Nasdaq (NAS100) | 24,951.0 | +0.30% |
| S&P 500 (SPX) | 6,699.41 | −0.53% |
| Russell 2000 (RUT) | 2,466.9 | +0.48% |
| U.S. Dollar Index (DXY) | 99.065 | +0.19% |
| VIX Volatility Index (VIX) | 18.59 | +3.97% |
| U.S. 10-Year Treasury Yield (US10Y) | 3.974 | +0.53% |
| Brent Crude Oil (BRENT) | 64.125 | +1.87% |
| LBMA Gold (XAU) | 4,113.185 | +0.34% |
| LBMA Silver (XAG) | 49.1285 | +1.30% |
Today’s Key Events
- FOMC Member Bowman Speaks
- FOMC Member Barr Speaks
- Intel Corporation Earnings
Trump Cancels Meeting with Putin
Trump canceled his planned meeting with Putin following the imposition of new sanctions on Russia in coordination with Europe. The US and EU announced additional sanctions targeting energy giants such as Rosneft and Lukoil. While taking tough measures against Russia, Trump refused to provide Tomahawk missiles to Ukraine.
US-China Talks Begin
The US and China will hold two days of trade talks in Malaysia this weekend. Treasury Secretary Bessent confirmed that the Trump-Xi summit will proceed as planned in South Korea following the talks. The White House is also considering restricting software exports in response to China’s rare earth restrictions.
Russia Conducts Nuclear Drill
Russia conducted a nuclear drill that included test launches of intercontinental ballistic missiles capable of reaching the US. This development escalated geopolitical tensions following increased sanctions. Markets are closely watching the outcome of the China-US summit.
India-US Trade Deal Nears
According to Indian media, the two countries are close to an agreement that would reduce tariffs from 50% to 15%. India may agree to reduce Russian oil imports in exchange for US tariff exemptions. The goal is a trade volume of $500 billion by 2030.
Developments in the US Financial Sector
Credit company PrimaLend Capital Partners filed for bankruptcy, raising concerns about the credit quality of regional banks. The Fed plans to relax capital requirements for large banks; the increase rate has been reduced to 3–7%. In addition, ADP has ended its data sharing with the Fed, which could create a gap in employment data.
Trump Administration in Talks with Quantum Computing Company
According to the Wall Street Journal, the Trump administration is in talks to acquire a stake in a quantum computing company. This investment is seen as part of a move to increase the US’s strategic control over advanced technologies. It has not yet been disclosed which company is being considered.
U.S. National Debt Exceeds $38 Trillion
According to U.S. Treasury data, the federal government’s total debt has exceeded $38 trillion for the first time. This increase comes just two months after surpassing the $37 trillion mark. The rise in debt has reignited discussions about fiscal discipline.
Japan’s New Prime Minister Announces Major Stimulus Package
New Prime Minister Sanae Takaichi is preparing a major stimulus package that will exceed last year’s 13.9 trillion-yen plan. The program includes measures to combat inflation, investments in artificial intelligence and semiconductors, and energy subsidies. The aim is to support both growth and national security.
“Crypto Czar” David Sacks: Market Structure Act Could Pass This Year
David Sacks, the U.S. ‘czar’ of crypto and artificial intelligence, met with both Republican and Democratic senators on Capitol Hill. Sacks said he expects the crypto “market structure” law to pass this year to resolve regulatory uncertainty. He noted that the bill would build upon the “Genius Act” signed by President Trump. White House Crypto Council Executive Director Patrick J. Witt was also present at the meeting.
Goldman Sachs: BOJ Interest Rate Hike Unlikely This Month
Goldman Sachs economists announced that they do not expect the Bank of Japan to change its policy interest rate next week. The report emphasizes that current economic uncertainties will prompt the BOJ to be cautious. The bank noted that inflation risks persist, but downward pressures on growth also prevail.
Jupiter Reports $46 Million in Revenue and Plans New Products
Jupiter announced that it generated approximately $46 million in revenue in the third quarter. The company accelerated its growth with the Ultra v3 processing engine, lending protocol, and JLP mechanism. It plans to launch its own stablecoin, prediction market, and new launchpad in the coming months.
Musk: Optimus 3 Could Be Unveiled in Q1 2025
Elon Musk revealed that Tesla’s third-generation humanoid robot, “Optimus 3,” could be released in the first quarter of 2025. He also stated that they aim to have robotaxis operating without safety drivers by the end of the year. Musk sought shareholder approval for a $1 trillion compensation plan and responded to opposing advisors.
Hyperliquid Labs Seeks Engineers in Singapore
The company announced it is hiring 2 back-end (Rust) and 1 front-end engineers to develop high-performance financial systems. The positions are full-time and require in-person work in Singapore. Relocation support will also be provided to candidates.
Fed Loses Access to ADP Data
According to Nick Timiraos’ report, the Fed no longer has access to ADP’s anonymous employment data. Sources say ADP cut off access after Fed Board Member Waller mentioned the data in a public speech. This could lead to data gaps in the Fed’s analysis of the employment market.
TON Strategy CEO Stotz Interview
TON Strategy CEO Manuel Stotz was a guest on the latest episode of The Crypto Beat. The program discussed the company’s $558 million treasury structure and the TON ecosystem’s growth strategies. The interview highlighted the increasing role of institutional structures in the crypto market.
