Market Performance
- Bitcoin -0.50% 124,000
- Ethereum +0.01% 4,686
- BTC Spot ETF: $222 million inflow
- ETH Spot ETF: $84 million inflow
- Dow -0.14%
- Nasdaq +0.71%
- S&P 500 +0.36%
- Russell 2000 +0.41%
- 10-year bond yield rose +3.67bps to 4.152%
- DXY +0.39% increase to 98.1041
- VIX down -1.68% to 16.37
- Brent Crude Oil up +1.53% to 65.62,
- LBMA Gold up +1.89% to 3959.015
Trump considers negotiations to end government shutdown
US President Donald Trump announced at the White House that he is considering negotiating with Democrats on healthcare to end the government shutdown. Trump said, “We are negotiating with the Democrats and we can achieve very good results on healthcare.” He also stated that if the shutdown lasts too long, it could lead to “federal employees being laid off.”
Trump imposes 25% tariff on large truck imports
Trump announced that a new 25% tariff on large trucks will be imposed starting November 1. He had previously stated on October 1 that new tariffs would be applied to heavy truck imports for national security reasons. It was announced that the tariffs aim to protect domestic manufacturers from unfair foreign competition. Mexico leads the way in exports of medium and heavy trucks to the US.
White House: Government Shutdown Costs Economy $150 Billion Per Week
US National Economic Council Director Kevin Hassett said the government shutdown is costing the US economy approximately $150 billion per week in production. According to an internal White House report, the shutdown is causing a 0.1% weekly contraction in GDP. If it lasts for a month, 43,000 additional job losses and $30 billion in consumption losses are expected. The CBO had previously stated that the last shutdown during the Trump administration caused $11 billion in losses, $3 billion of which were permanent.
Fed’s Schmid Statements: Highlighted Inflation Risk, Not Inclined to Cut Interest Rates
Kansas City Fed President Jeff Schmid stated in his remarks that he is against further interest rate cuts. Schmid emphasized that the Fed must balance the risks of being “too loose” or “too tight” in its policy-making, but that inflation remains high.
China Central Bank Increases Gold Reserves for 11th Consecutive Month
The China Central Bank increased its gold reserves by 40,000 ounces (1.24 tons) at the end of September, bringing the total to 74.06 million ounces (approximately 2,303 tons). This marks the 11th consecutive month that China has purchased gold. At the end of August, the reserve amount was 74.02 million ounces.
OpenAI Developer Conference: ChatGPT is becoming a platform
At the Developer Conference organized by OpenAI, new features were introduced that allow ChatGPT to directly integrate third-party applications into the platform.
The new tools include:
Application SDK: Infrastructure for developing applications directly within ChatGPT.
AgentKit: A three-component structure — Agent Builder (visual agent creator), Connector Registry (data and tool connection management), ChatKit (custom chat interfaces).
Sam Altman demonstrated live at the event that applications such as Spotify, Canva, and Zillow work within ChatGPT and respond to user commands in real time. A preview version of the new SDK has been made available to select developers.
OpenAI signs massive 6 GW chip deal with AMD
OpenAI has signed a new agreement that will provide a total of 6 gigawatts (GW) of AMD GPU computing power. This capacity is equivalent to Singapore’s average electricity demand. The first 1 GW portion is planned to be operational in the second half of 2026. As part of the agreement, AMD has granted OpenAI the right to purchase up to 160 million shares at a symbolic price of $0.01. These rights can be exercised in tranches until 2030. If OpenAI activates the full capacity, it could own approximately 10% of AMD’s shares.
Trump’s Stablecoin Project USD1 Listed on Aptos
The Aptos network announced that Trump’s stablecoin project USD1 is now active on the platform. The project was introduced with the goal of creating “a transparent, stable, and accessible structure that will be the foundation of the digital economy.”
Polymarket Adds Support for the Bitcoin Network
Prediction market platform Polymarket announced that users can now deposit Bitcoin (BTC). With this integration, Polymarket has expanded its cross-chain interoperability and aims to grow its user base.
SharpLink’s ETH Strategy Generated $900 Million in Profit
Nasdaq-listed SharpLink (SBET) announced that it has generated over $900 million in unrealized profits thanks to its Ethereum treasury strategy launched on June 2, 2025. The company has 839,000 ETH on its balance sheet and no debt. The intensity of ETH positions has doubled since June.
Alameda Research Transfers 500 BTC to BitGo
According to the on-chain analysis platform Onchain Lens, Alameda Research transferred 500 BTC (approximately $62.15 million) 7 hours ago. The funds were sent to the BitGo wallet, a corporate custody service.
India to Launch Central Bank-Backed Digital Currency
India’s Minister of Industry and Commerce, Piyush Goyal, announced that the country will soon launch a digital currency backed by the Reserve Bank of India (RBI). This new digital currency aims to provide faster and more secure transactions using blockchain technology. However, Goyal emphasized that they are cautious about cryptocurrencies not backed by the government, such as Bitcoin.
Anthony Pompliano: US to Announce Bitcoin Purchases
Crypto investor Anthony Pompliano suggested in an interview with CNBC that the US government will announce the creation of a strategic Bitcoin reserve in the coming period. Pompliano stated that despite Trump signing an executive order to “create a strategic Bitcoin reserve” seven months ago, implementation plans have not yet been determined, but the process is ongoing.
Tether Nominates Candidate for Juventus Board of Directors and Participates in Capital Increase
According to Reuters, Tether will present its list of candidates for the board of directors at Juventus’ annual shareholder meeting on November 7. The company increased its stake in Juventus to 10.7% this year, becoming the second-largest shareholder after the Agnelli family. Tether also announced that it will participate in the club’s €110 million capital increase plan.
CZ Responds to His Ranking on the Forbes Rich List
According to Forbes data, Binance founder Changpeng Zhao (CZ) has a net worth of $87.3 billion, making him the 21st richest person in the world. CZ responded to the list as follows: “I don’t think these numbers are accurate, but that’s not what matters. What matters is how many people we can help. If we can make the world a slightly better place after I’m gone, that’s the real success.”
