Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 111,360.0 | +1.04% |
| Ethereum (ETH) | 3,982.69 | +3.22% |
| Bitcoin Spot ETF | +20.0M | Net Inflow |
| Ethereum Spot ETF | −127.4M | Net Outflow |
| Nasdaq (NAS100) | 25,210.9 | +0.35% |
| S&P 500 (SPX) | 6,738.43 | +0.58% |
| Russell 2000 (RUT) | 2,495.5 | +0.26% |
| U.S. Dollar Index (DXY) | 99.022 | +0.11% |
| VIX Volatility Index (VIX) | 17.29 | −6.99% |
| U.S. 10-Year Treasury Yield (US10Y) | 4.001 | −0.05% |
| Brent Crude Oil (BRENT) | 65.075 | −0.15% |
| LBMA Gold (XAU) | 4,091.300 | −0.84% |
| LBMA Silver (XAG) | 48.2736 | −1.32% |
Today’s Key Events
- US (CPI) Inflation Data to be Released
- US Michigan Confidence Index to be Released
- Procter & Gamble Company (P&G) Earnings Report
Trump and Xi Meeting to Take Place on October 30
The White House has confirmed that US President Donald Trump and Chinese President Xi Jinping will meet on October 30. Ahead of the meeting, He Lifeng and Treasury Secretary Bessent are expected to hold preliminary talks in Malaysia. The meeting will be a critical diplomatic contact addressing trade disputes and fentanyl issues.
US May Investigate China’s Compliance with 2020 Trade Agreement
According to The New York Times, Washington plans to investigate whether China is fulfilling its 2020 trade agreement commitments under Section 301. The investigation is expected to be announced this week and could increase trade tensions ahead of the Trump-Xi meeting.
Trump: Halt Trade Talks with Canada
Trump announced that all trade negotiations with Canada have been terminated, claiming that the Ronald Reagan Foundation published a “misleading” advertisement. The President stated that tariffs are vital to U.S. national security.
Europe Expands Energy and Crypto-Focused Sanctions Against Russia
The EU approved its 19th sanctions package against Russia and expanded sanctions to include crypto platforms for the first time. With the new measures, the price cap on Russian oil was lowered to $47.6, and LNG imports will be banned starting in 2027. Chinese energy companies were also added to the list.
Russia Maintains Tough Stance Despite Sanctions
Vladimir Putin said that the meeting with Trump was “not canceled, but postponed,” indicating that they are open to dialogue. Putin, who argued that the new US sanctions would not affect the Russian economy, said that the decline in supply would raise oil prices.
Chinese Energy Companies Suspend Russian Oil Purchases
According to Reuters, China’s largest oil companies, such as CNPC, Sinopec, and CNOOC, have temporarily suspended Russian oil purchases due to new EU and US sanctions. This step could create a risk of short-term tightening in global energy supply.
EU to Provide New Financial Support to Ukraine
The EU has agreed to provide financial support to Ukraine over the next two years. However, the plan to transfer frozen Russian assets to Kiev has been postponed due to Belgium’s objection. The €140 billion credit package will be back on the agenda in the coming months.
US Denies Investment Plans in Quantum Companies
According to Jinshi Data, the Trump administration did not hold talks on acquiring shares in quantum computing companies, as claimed by the Wall Street Journal. Although companies such as IonQ, Rigetti, and D-Wave have been in contact with the government, the Trump administration has promised to use taxpayers’ money carefully. Current plans include credit or option-based support mechanisms rather than direct investment.
JPMorgan and BofA: Fed May End Balance Sheet Reduction This Month
According to JPMorgan and Bank of America analysts, the Fed may end its balance sheet reduction (QT) process in October. The process is expected to be halted early due to rising dollar funding costs. The market is pricing in the possibility that QT could end at next week’s interest rate decision meeting.
BlackRock Purchased $107.8 Million Worth of Bitcoin
In a development signaling growing institutional demand, BlackRock’s IBIT fund purchased $107.8 million worth of Bitcoin. This purchase demonstrates the rapidly increasing interest of traditional finance in crypto assets.
WSJ: Three-Year Audit of Binance May End Early
According to the Wall Street Journal, Trump signed a pardon for Binance founder CZ. This move could lead to the early termination of the three-year compliance audit imposed on Binance by the U.S. Department of Justice. However, the Treasury’s independent audit cannot be canceled without the approval of the president or secretary.
BlackRock BUIDL Transfers $500 Million to Polygon
According to Polygonscan data, BlackRock’s Digital Liquidity Fund (BUIDL) has deployed $500 million worth of new tokenized assets on the Polygon network. This move signals continued institutional expansion in RWA (real-world assets) tokenization.
CZ Meets with Kyrgyzstan President
Binance founder CZ announced today that he will attend the National Blockchain and Cryptography Committee meeting with Kyrgyzstan President Sadyr Japarov. The meeting will evaluate new phases of the “Crypto 2.0” strategy.
SOL Treasury Company DFDV Resumes Options Trading
DeFi Dev Corp. ($DFDV) announced that stock options trading will resume on October 24 following discussions with Nasdaq. The company had previously stated that trading was temporarily suspended due to technical reasons.
Clanker Joins the Farcaster Ecosystem
Clanker, a launchpad operating on the Base chain, has officially integrated into the Farcaster ecosystem. With the new token model, two-thirds of the protocol’s revenue will be allocated to $CLANKER buybacks, and a portion of the supply will be permanently burned.
Google to Provide Anthropic with 1 Million Custom AI Chips
Anthropic announced that it will significantly increase its use of Google’s TPU chips. The company, which will reach 1 gigawatt of processing power by 2026, will use this resource to train new Claude models. This will be Google Cloud’s largest AI hardware deployment to date.
JPMorgan: Stripe’s AI and Stablecoin Strategy Could Create a $350 Billion Market
JPMorgan is optimistic about Stripe’s “double revolution” focused on AI-powered commerce and stablecoin payments. The bank predicts this sector could become a market exceeding $350 billion by the end of the decade.
Trust Wallet Launches Perpetual DEX Service
Trust Wallet announced its new Perp DEX service, offering up to 100x leverage across more than 100 markets. This move significantly expands the wallet’s DeFi trading capabilities.
