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Hello Capitalists,
Here is everything you should be following today:
Trump calls for calm over China Tariffs
Open AI just signed another huge deal and stocks soar
$300M deal to power data centers opens up new opportunities
Black Rock’s ETF’s lead the investor’s charge in to AI and Fintech
Central Bankers on edge over AI as IMF meeting starts
After Friday’s Crypto Mega Crash, signs of life emerge
Citibank steams ahead with 2026 Crypto plans
Today’s markets + assets:
✅ DOW: 46057.95 (⬆️ 1.27%)
✅ S&P: 6654.97 (⬆️ 1.56%)
✅ NASDAQ: 22666.09 (⬆️ 2.08%)
⚠️⬇️CBOE VIX Volatility Index: 19.25 (⬇️ 11.13%)
✅ Gold: $4125.3 (⬆️ 3.12%)
✅ Silver: $50.22 (⬆️ 6.28%)
🔴 Bitcoin: $114,630 (⬇️ 0.25%)
Trump calls for calm over 100% China Tariffs and Markets rebound
President Donald Trump urged calm [ [link removed] ] on Sunday after threatening 100% tariffs on Chinese imports in retaliation for Beijing’s rare earth export curbs, posting on Truth Social that “it will all be fine” as China’s Commerce Ministry vowed swift countermeasures, jeopardizing a fragile trade truce.
Trump Eases Trade War Fears: Posted on Truth Social assuring Americans China’s economic woes are temporary, emphasizing U.S. desire to aid rather than harm Beijing amid Xi Jinping’s “bad moment.”
Trump’s Post: “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT”
Beijing Vows Firm Retaliation: Commerce Ministry warned U.S. threats undermine dialogue, pledging “resolute measures” if tariffs proceed while approving civilian rare earth licenses.
Tariffs Escalate to 100 Percent: Proposal doubles current 55% average levy on Chinese goods, set for potential Nov. 1 rollout, triggered by China’s dominance in vital minerals for tech and defense.
Vance Defends U.S. Leverage: On Fox News, vice president called China’s supply chain control a “national emergency,” predicting Trump holds “far more cards” in any aggressive standoff.
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OpenAI announces ANOTHER blockbuster deal sending stocks soaring
OpenAI announced a blockbuster partnership with Broadcom [ [link removed] ] on Sunday to co-design 10 gigawatts of custom AI accelerators. The announcement sent Broadcom’s shares surging 12% and adding to OpenAI’s multi-vendor push with Nvidia and AMD amid explosive demand for frontier models like ChatGPT.
Broadcom Shares Skyrocket
Partnership revelation propelled Broadcom’s stock up 12% premarket, capping a 40% yearly gain after doubling in 2024, fueled by $10 billion undisclosed OpenAI deal last month.
AI-Optimized Chip Design
OpenAI leveraged its models to slash chip area massively, enhancing human-optimized components for superior efficiency in compute, memory, and Ethernet networking tailored to inference workloads.
Rapid Deployment Horizon
Racks of custom accelerators slated for late-2026 rollout, expanding OpenAI’s current 2-gigawatt capacity to 33 gigawatts total via recent Nvidia, Oracle, and AMD pacts.
Efficiency Fuels Superintelligence
Custom chips promise cheaper, faster AI models, empowering OpenAI’s roadmap to superintelligence while diversifying from Nvidia to control costs and destiny in the generative boom.
$300m dollar deal signed to power AI data centers by 2030
Bloom Energy shares rocketed 17% to $28.50 Monday after inking a $300 million deal with Brookfield Renewable to deploy 100 MW of solid oxide fuel cells [ [link removed] ] for powering AI data centers, targeting up to 1 GW expansion.
Deal Targets AI Power Crunch: The initial 100 MW deployment addresses data centers’ massive 100 MW+ needs, strained by AI’s 24/7 demands which are projected to consume 8% of U.S. electricity by 2030.
Fuel Cells Boost Efficiency: Solid oxide tech delivers up to 65% efficiency using natural gas or hydrogen, enabling on-site, low-emission generation without grid or fossil fuel reliance.
Executives Hail Milestone: Bloom CEO Greg Cameron calls it a “significant milestone” for clean AI power; Brookfield’s Connor Teskey praises resilient, low-carbon solutions for energy security.
Expansion Fuels Revenue Growth: Potential scaling to 1 GW unlocks further revenue, positioning Bloom as key player in decarbonizing AI infrastructure amid booming data center builds.
Black Rock’s ETFs are the hot new target for investors into AI and Fintech
BlackRock’s top equity ETFs are betting big [ [link removed] ] on artificial intelligence and blockchain, with investors ditching broad tech funds for targeted funds like the AI-focused iShares BAI, which is up 36% since launch, amid surging enthusiasm for AI Tech’s disruptive potential.
AI ETFs Surge Dramatically: Investors are flocking to BlackRock’s iShares A.I. Innovation ETF (BAI), featuring Nvidia and Microsoft as top holdings, capturing the full spectrum of value of the AI ecosystem from chips to models.
Blockchain Bets Gain Momentum: The Ethereum Trust ETF (ETHA) has skyrocketed 42% in 12 weeks, positioning blockchain as a game-changer for stablecoins and asset tokenization beyond mere crypto speculation.
Regulatory Tailwinds Accelerate Growth: The new GENIUS Act boosts stablecoin confidence, with experts eyeing policy shifts under the Trump administration as fuel to fintech and crypto innovations.
Amplify’s BLOK Leads Charge: Actively managed blockchain fund BLOK delivers 89% yearly gains, spotlighting diverse use cases from payments to real estate tokenization for broader market impact.
Central Bankers are jittery over the AI Bubble as the IMF convenes in D.C.
Central bankers descending on Washington for IMF meetings are gripped by dread over a brewing stock market bubble fueled by AI hype [ [link removed] ], evoking the dot-com crash’s chaos, as President Trump’s fresh China tariff threats already sent stocks tumbling Friday.
Echoes Dot-Com Disaster: Current AI stock valuations mirror late-1990s internet frenzy, where IMF’s mild 2000 warning preceded a brutal selloff and Fed’s emergency rate slash.
Global Warnings Escalate: The Bank of England has already flagged “sharp correction” risks related to AI; ECB policymakers have been briefed on potential sudden price drops; and Australia’s central bank has also highlighted market vulnerabilities this month.
IMF Report Looms Large: Tuesday’s Global Financial Stability Report—a product unthinkable in 2000—will dissect equity dangers, fueling debates at G7/G20 sessions amid trade and debt storms.
Emerging Economies Vulnerable: If the bubble were to burst it could tighten global finance, slashing growth and hammering developing nations in an already fragile world order.
Crypto’s biggest crash ever happened on Friday, Risky bets get liquidated WHOLESALE
In a vicious plunge the cryptocurrency market shed billions [ [link removed] ] in value through cascading liquidations on Friday that in some cases continued over the weekend. Bitcoin dipped below $110,000 and Ethereum tumbled over 20%—yet experts spot early rebound signs.
Leverage Fuels Massive Losses: Margin accounts and those trading on leveraged positions - with up to 100x leveraged exposure in some cases - triggered chain-reaction liquidations, amplifying crypto’s 24/7 volatility far beyond traditional stocks. The result wiped out hundreds to millions of dollars for individual traders and totaling billions industry-wide.
Expert Eyes Quick Rebound: Forensic analyst Joshua Duckett notes the market’s shift from“rebound-to-stable” after the initial knee-jerk drop.
Costs Still Being Assessed: The fall out from the crash is still being assessed as information comes to light across different exchanges. Unofficial initial estimates put the losses at more than $19 Billion.
The Human Cost: A 32-year-old Ukrainian crypto influencer and trader, died of an apparent self-inflicted gunshot wound inside his Lamborghini in Kyiv on Oct. 11, hours after voicing depression over crippling financial losses [ [link removed] ] amid a global crypto market crash. Konstantin “Kostya Kudo” Galich, Co-founder of Cryptology Key academy, Galich mentored thousands as a prominent digital asset strategist in Ukraine and and around the world, blending trading expertise with online influence.
Invest Wisely, Limit Risks: Amid the turmoil, Joshua Duckett urges traders to follow core rules—never risk more than you can afford to lose and thoroughly research assets—for navigating crypto’s high-stakes swings.
Citigroup is full steam ahead on Crypto despite Friday’s cataclysmic crash
Citigroup announced plans Sunday [ [link removed] ] to launch a cryptocurrency custody service in 2026, seizing on a Trump-era regulatory thaw to hold digital assets like Bitcoin for clients, while probing stablecoin issuance to streamline global payments in underserved markets.
Custody Launch Targeted: Citi’s crypto custody service, developed over the last two-to-three years, aims for a full 2026 rollout, offering secure storage for native cryptocurrencies to asset managers and institutional clients.
Stablecoin Probes Underway: The bank is also in early-stage exploration of issuing stablecoins, eyeing their utility for 24/7 cross-border transactions in regions with underdeveloped banking infrastructure.
Hybrid Tech Strategy Emerges: Citi weighs in-house built solutions for tailored custody needs against lightweight third-party partnerships, building on its existing Citi Token Services for blockchain-based money movement.
Rivals Heat Up Competition: JPMorgan and Bank of America are also advancing stablecoin efforts amid clearer U.S. rules like the GENIUS Act, though JPMorgan so far has shunned direct crypto custody due to security concerns.
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