Summary of the Past 24 Hours: Cryptocurrency Market Crash Amid Global Tensions Over the past 24 hours, ending October 11, 2025, the cryptocurrency market experienced one of its most severe downturns in history, with Bitcoin (BTC) plunging as low as $105,000 before partially rebounding to around $114,000, marking a net drop of approximately 7-10%. 0 This flash crash wiped out over $200 billion in total market capitalization, with major altcoins like Ethereum (ETH), Solana (SOL), and XRP suffering even steeper losses of 15-30%. 2 Liquidations reached a staggering $19.16 billion, surpassing previous records such as the $1.2 billion during the 2020 COVID crash and $1.6 billion amid the 2022 FTX collapse—making this nearly 20 times larger than the COVID event. 1 Over 1.4 million traders were liquidated, overwhelming platforms like Binance, Coinbase, and Robinhood, which reported temporary outages. 7 The market’s volatility was exacerbated by leveraged positions, with some analysts pointing to whale manipulations where large holders shorted at peaks and profited during the dip, netting hundreds of millions. 28 Key Global Hotspot News Driving the Turmoil This crypto meltdown did not occur in isolation but was closely intertwined with escalating global geopolitical and economic events. The primary trigger was U.S. President Donald Trump’s announcement of a potential 100% tariff on all Chinese imports, coupled with threats to scrap planned talks with Chinese President Xi Jinping, in response to China’s restrictions on rare earth exports. 6 This escalation in U.S.-China trade tensions sent shockwaves through global markets, erasing $1.2 trillion from the S&P 500 and contributing to a broader risk-off sentiment. 21 Additionally, the U.S. government shutdown entered its tenth straight day, adding to economic uncertainty and pressuring assets like cryptocurrencies, which are increasingly correlated with traditional markets. 5 On the international front, a ceasefire in Gaza took effect, with the Israeli military confirming the deal’s first phase, including preparations for a hostage exchange between Israel and Hamas. 16 Trump, snubbed by the Nobel Peace Prize committee, announced plans to travel to the Middle East to “celebrate” the Gaza peace, amid ongoing criticisms of the committee’s decision. 11 Other headlines included Venezuelan opposition movements and broader global events like urban beekeeping trends in Athens, but these were overshadowed by the trade war and Middle East developments. 18 In Europe, morning bulletins highlighted a mix of business and entertainment news, while Asia-Pacific markets reacted sharply to the tariff threats. 17 Analysis: Interconnections and Potential Implications The crypto crash appears directly linked to the U.S.-China tariff escalation, illustrating how geopolitical risks now profoundly influence digital assets. Trump’s statements acted as a “black swan” event, amplifying fears of a prolonged trade war that could disrupt global supply chains, inflation, and economic growth—factors that historically pressure risk assets like cryptocurrencies. 3 The record liquidations highlight the dangers of over-leveraged trading in a maturing market, where crypto is no longer insulated from macro events; for instance, Bitcoin’s correlation with equities spiked during this period. 30 The government shutdown further eroded investor confidence, as prolonged fiscal gridlock could delay stimulus or regulatory clarity for crypto. Looking ahead, volatility may persist until the November 1 tariff deadline, but rebounds are possible if tensions de-escalate or if “smart money” accumulates during the dip, as seen in past crashes. 4 The Gaza ceasefire could stabilize oil prices and reduce broader risk premiums, indirectly supporting a crypto recovery. However, if trade wars intensify, we might see prolonged bearish pressure, with only resilient projects (e.g., top 10 coins like BTC and ETH) surviving. 19 Investors should monitor whale activity and technical indicators, such as oversold conditions, for short-term bounces, but emphasize risk management in this interconnected global landscape. 39 Overall, this event underscores crypto’s evolution from a niche asset to one deeply embedded in world affairs, where one presidential tweet can trigger billions in losses.
Friday, October 10, 2025
The Daily Market Flux - Your Complete Market Rundown (10/10/2025)
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Here is Your Complete Market Rundown (10/10/2025)
Company News
Alphabet Inc. (GOOG)
Performance Overview
1D Change: -1.93%
5D Change: -3.62%
News Volume: 165
Unusual Volume Factor: 1x
Google Faces Global Regulatory Challenges as UK Designates "Strategic Market Status"
In a series of significant developments, Google finds itself at the center of multiple regulatory challenges and scrutiny across various jurisdictions. The tech giant has been designated with "strategic market status" in the UK's search and search advertising markets, a move that paves the way for tougher regulations to tackle its market dominance. This designation, made by the UK's Competition and Markets Authority (CMA), marks the first use of the country's new regulatory powers aimed at Big Tech companies.
Full coverage of $GOOG on MarketFlux.io
Morgan Stanley (MS)
Performance Overview
1D Change: -2.74%
5D Change: -3.52%
News Volume: 114
Unusual Volume Factor: 1x
Morgan Stanley Removes All Crypto Investment Restrictions, Makes Strategic Moves Across Multiple Sectors
In a significant move, Morgan Stanley has announced the removal of all restrictions on cryptocurrency investments for its wealth management clients, including retirement accounts. Starting October 15, 2025, all clients will have access to crypto funds, including Bitcoin. This decision marks a major shift in the financial giant's approach to digital assets and is seen as a milestone for Bitcoin adoption.
Full coverage of $MS on MarketFlux.io
Nvidia Corporation (NVDA)
Performance Overview
1D Change: -4.92%
5D Change: -2.41%
China Cracks Down on Nvidia AI Chips Amid US-China Tech Tensions, Senate Passes Export Restrictions
In a significant development, China has launched a customs crackdown on Nvidia AI chips, intensifying its efforts to reduce domestic reliance on US technology. The Financial Times reports that China has ramped up enforcement of its chip import controls, particularly targeting Nvidia's artificial intelligence processors. This move is part of a broader strategy to cut dependence on US products and push for technological independence.
Full coverage of $NVDA on MarketFlux.io
Tesla, Inc. (TSLA)
Performance Overview
1D Change: -5.07%
5D Change: -3.81%
Tesla Expands Global Reach Amid Regulatory Scrutiny and Product Innovation
Tesla, the electric vehicle giant, has been making waves in the automotive industry with a series of significant developments. The company's global presence continues to expand, with early talks underway for potential investment in Indonesia and negotiations with BHP for a nickel supply pact. These moves underscore Tesla's commitment to securing crucial resources for its battery production.
Full coverage of $TSLA on MarketFlux.io
Qualcomm Incorporated (QCOM)
Performance Overview
1D Change: -7.33%
5D Change: -9.26%
China Launches Antitrust Probe into Qualcomm, Escalating U.S. Trade Tensions
In a significant development, China has launched an antitrust investigation into U.S. chip giant Qualcomm, focusing on its acquisition of Israeli chip maker Autotalks. The probe, initiated by China's State Administration for Market Regulation, is examining potential violations of the country's anti-monopoly law. This move comes amid escalating tensions between the U.S. and China, with both nations seeking leverage in their ongoing trade dispute.
Full coverage of $QCOM on MarketFlux.io
Other News
Geopolitics Events
Trump Threatens Massive Tariffs on China, Roiling Global Markets Amid Rare Earth Dispute
In a dramatic escalation of U.S.-China tensions, President Donald Trump has threatened to impose "massive" tariffs on Chinese products. This move comes in response to China's recent restrictions on the export of rare earth materials, which are crucial for various industries.
Trump's China Tariff Threat Sparks Global Market Turmoil, Rare Earth Stocks Surge
President Donald Trump has sent shockwaves through global markets with threats of a "massive increase" in tariffs on Chinese goods. The announcement comes amid escalating tensions over rare earth minerals, with Trump accusing China of holding the world "captive" through its control of these critical resources.
China Imposes Hefty Port Fees on U.S. Vessels, Stoking Inflation Concerns
China's Ministry of Transport announces new special port charges for U.S.-owned or operated vessels, effective October 14, 2025. The fees, up to 1,120 yuan ($157.12) per net ton, will impact American companies, organizations, and individuals.
White House Begins Mass Layoffs of Federal Workers as Government Shutdown Intensifies
The Trump administration has initiated a significant wave of federal layoffs amid the ongoing government shutdown. White House Budget Director Russell Vought announced that "substantial" firings have begun, with thousands of federal workers expected to be affected.
Trump's China Tariff Threat Sends Bitcoin Crashing, Markets Reel
Bitcoin plummets below $119K, triggered by Trump's threat of massive tariffs on China over rare earth controls. The cryptocurrency market reels, with $250M liquidated hourly.
Nobel Peace Prize Awarded to Venezuelan Opposition Leader, Trump Snubbed Again
The Nobel Peace Prize for 2025 has been awarded to Venezuelan opposition leader Maria Corina Machado, recognizing her "tireless work promoting democratic rights for the people of Venezuela." The announcement has sent shockwaves through the political world, particularly in light of U.S. President Donald Trump's well-known desire for the prestigious award.
Oil Prices Plunge as Trump Reignites Trade War Fears with China
Oil prices plummeted today, falling over 4% as President Trump threatened new tariffs on China. The escalating U.S.-China tensions sent shockwaves through the energy market.
Macron Reappoints Lecornu as French PM Amid Political Turmoil
French President Macron reappoints Sebastien Lecornu as Prime Minister amidst political chaos. The unexpected move comes after Lecornu's brief 27-day tenure.
Trump's Fed Chair Shortlist Down to Five, Finalist May Become Governor First
President Trump's list of Federal Reserve Chair candidates has been narrowed to five: Waller, Bowman, Hassett, Warsh, and Rieder. The Treasury plans additional interviews with these finalists in the coming weeks.
Trump to Unveil New Drug Pricing Deal in Oval Office Address
President Trump is set to make a significant announcement regarding drug pricing in the United States. The event, scheduled for 5 PM ET in the Oval Office, will focus on lowering pharmaceutical costs and introducing a new "Most Favored Nation" deal.
Trump Cancels Xi Meeting as US-China Trade War Intensifies with Retaliatory Port Fees
The trade war between the US and China has escalated dramatically today. China announced retaliatory port fees on American ships, responding to recent US fees on Chinese vessels. This move has thrown the shipping market into uncertainty.
Treasury Market Whipsaws Amid Shutdown Impact and Trump's Tariff Threat
The U.S. Treasury market experienced volatility as yields fluctuated throughout the day. Initially, rising yields pressured gold and silver prices, while also raising concerns about potential mortgage-related selling of Treasuries.
Trump Secures AstraZeneca Deal to Lower Drug Prices
President Trump is set to announce a drug pricing deal with AstraZeneca at the White House. The agreement aims to reduce medication costs for low-income Americans, according to multiple news sources including MSNBC and Business outlets.
Government Shutdown Strains US Economy as Brexit Talks Keep European Markets Afloat
European shares end higher as Brexit trade deal talks continue, with markets cheering the extension. However, concerns linger about potential higher prices and traffic jams due to a Brexit impasse.
Denmark Bolsters Military with $8.5 Billion Spend, Countering Trump's Greenland Ambitions
Denmark announces a massive $8.5 billion investment in military equipment, including 16 new F-35 fighter jets. This move is seen as a strategic effort to strengthen Arctic defense and deter President Trump's interest in acquiring Greenland.
Putin Discusses Arms Race and Deterrence, Avoids Comment on Trump's Nobel Prospects
Russian President Putin addresses multiple topics in recent statements.
Trump Escalates Trade War, Threatens New Tariffs and Cancels Xi Meeting
President Trump escalates tensions with China, stating he sees "no reason" to meet with President Xi Jinping.
Government Shutdown Intensifies: Federal Workers and Troops at Risk as Political Tensions Mount
The US government shutdown enters its tenth day, causing widespread concern. Federal workers face potential job losses and are being used as bargaining chips. Republicans propose a bill to counter Biden's oil leasing halt on federal lands.
Venezuelan Opposition Leader Wins Nobel Peace Prize, Praises Trump
Venezuelan opposition leader María Corina Machado wins the 2025 Nobel Peace Prize for her fight against dictatorship. Living in hiding, she revived Venezuela's opposition and led a peaceful electoral campaign in 2024.
Trump Warns of China's Growing Hostility and Rare Earth Monopoly
President Trump has issued a stark warning about China's increasing hostility. In a series of statements, he expressed concern over "strange things" happening in the country and its growing aggression on the world stage.
Trump Scraps Xi Meeting, Mulls Countermeasures Against China
President Trump cancels planned meeting with Chinese President Xi, citing no reason to proceed.
Oil Prices Plunge as Trump Reignites Trade War with China
Oil prices plummet over 4% as President Trump threatens new China tariffs, escalating trade tensions. The impact ripples through markets, with Amazon stock down 4% and natural gas falling 5%.
Putin Confirms Nuclear Arms Race, Denies Claiming US Nuclear Test Plans
Russian President Putin acknowledges an ongoing nuclear arms race but clarifies he didn't claim the US plans to conduct nuclear tests.
Trump to Host International Gaza Summit in Egypt
President Trump plans to host a leaders summit on Gaza during his upcoming visit to Egypt next week.
Macro Events
Trump Threatens Massive Tariffs on China, Roiling Global Markets Amid Rare Earth Dispute
In a dramatic escalation of U.S.-China tensions, President Donald Trump has threatened to impose "massive" tariffs on Chinese products. This move comes in response to China's recent restrictions on the export of rare earth materials, which are crucial for various industries.
Trump's China Tariff Threat Sparks Global Market Turmoil, Rare Earth Stocks Surge
President Donald Trump has sent shockwaves through global markets with threats of a "massive increase" in tariffs on Chinese goods. The announcement comes amid escalating tensions over rare earth minerals, with Trump accusing China of holding the world "captive" through its control of these critical resources.
China Imposes Hefty Port Fees on U.S. Vessels, Stoking Inflation Concerns
China's Ministry of Transport announces new special port charges for U.S.-owned or operated vessels, effective October 14, 2025. The fees, up to 1,120 yuan ($157.12) per net ton, will impact American companies, organizations, and individuals.
Trump's China Tariff Threat Sends Bitcoin Crashing, Markets Reel
Bitcoin plummets below $119K, triggered by Trump's threat of massive tariffs on China over rare earth controls. The cryptocurrency market reels, with $250M liquidated hourly.
Consumer Sentiment Holds Steady, Inflation Expectations Ease Slightly in October
The University of Michigan's preliminary Consumer Sentiment Index for October has been released, showing a slight decline to 55.0 from September's final reading of 55.1. This figure surpassed market expectations of 54.1, indicating a more resilient consumer outlook than anticipated.
Oil Prices Plunge as Trump Reignites Trade War Fears with China
Oil prices plummeted today, falling over 4% as President Trump threatened new tariffs on China. The escalating U.S.-China tensions sent shockwaves through the energy market.
Canadian Job Market Surges with Unexpected Employment Boost, Unemployment Rate Steady
Canada's labor market shows signs of improvement in September. The unemployment rate held steady at 7.1%, beating forecasts of 7.2%. Employment surged with a net change of 60.4K jobs, far exceeding expectations of 5K.
Trump's Fed Chair Shortlist Down to Five, Finalist May Become Governor First
President Trump's list of Federal Reserve Chair candidates has been narrowed to five: Waller, Bowman, Hassett, Warsh, and Rieder. The Treasury plans additional interviews with these finalists in the coming weeks.
Fed's Musalem Sees GDP Near Potential, Cautions on Further Rate Cuts
St. Louis Fed's Musalem provided insights on the current economic landscape during a Q&A session. He expects GDP growth to be "very close to potential" this year, with financial conditions being "very accommodative." Musalem noted that the recent quarter-point rate cut was "insurance" and emphasized the need for monetary policy to "lean" against persistent inflation.
Treasury Market Whipsaws Amid Shutdown Impact and Trump's Tariff Threat
The U.S. Treasury market experienced volatility as yields fluctuated throughout the day. Initially, rising yields pressured gold and silver prices, while also raising concerns about potential mortgage-related selling of Treasuries.
Stock Market Tumbles as Trump Threatens New China Tariffs; S&P 500 Breaks Below 6,600
The stock market experienced a significant downturn today, with major indices plummeting. The Dow plunged 500 points, while the S&P 500 fell below 6,600 for the first time since September 25th. This decline was largely attributed to President Trump's threat of a "massive increase" in China tariffs.
Markets Nosedive as Trump Threatens Major Tariff Hike on China
Wall Street plummeted today as President Trump threatened a "massive increase" in China tariffs. The Dow plunged 800-900 points, while the S&P 500 and Nasdaq experienced their worst day since April.
Fed Governor Waller Advocates Cautious Approach to Rate Cuts
Federal Reserve Governor Christopher Waller has expressed support for further interest rate cuts. However, he emphasizes the need for caution in implementing these reductions.
BLS to Release September CPI Report Amid Government Shutdown
The Bureau of Labor Statistics announces plans to release the September 2025 Consumer Price Index report.
Trump Escalates Trade War, Threatens New Tariffs and Cancels Xi Meeting
President Trump escalates tensions with China, stating he sees "no reason" to meet with President Xi Jinping.
Oil Prices Plunge as Trump Reignites Trade War with China
Oil prices plummet over 4% as President Trump threatens new China tariffs, escalating trade tensions. The impact ripples through markets, with Amazon stock down 4% and natural gas falling 5%.
Fed Postpones Industrial Production Report Release, Citing Data Unavailability
The Federal Reserve announces a delay in releasing the October 17 Industrial Production report.
Misc Events
Venezuelan Activist Wins Nobel Peace Prize for Democracy Efforts
Venezuelan opposition leader Maria Corina Machado has been awarded the Nobel Peace Prize.
Peru's President Ousted in Unanimous Impeachment Vote Amid Crime Wave
Peru's political landscape has been shaken as President Dina Boluarte was unanimously impeached by lawmakers. The process began with Congress approving impeachment proceedings and summoning Boluarte for trial.
ECB Officials Divided on Eurozone Economic Outlook as Stimulus Talks Emerge
ECB officials offer mixed signals on the eurozone's economic outlook. Kazaks claims the inflation target has been met, while others warn of recession risks. Dolenc highlights growing shocks requiring central bank intervention. Escriva notes negative growth risks haven't materialized yet.
US and European Markets Rally on Tech Boost and Brexit Deal Hopes
US stocks open higher, rebounding from the previous day's losses. Major indexes are on track for weekly gains, boosted by Alphabet's performance.
Strathcona Resources Abandons MEG Energy Takeover Bid
Strathcona Resources has terminated its takeover bid for MEG Energy Corp. The decision comes after Cenovus increased its own offer for the Alberta oil producer.
J&J Pursues Protagonist Therapeutics Acquisition, Boosting Partnership
Johnson & Johnson is in talks to acquire Protagonist Therapeutics, solidifying their partnership in developing an ulcerative colitis treatment.
Prediction Market Platform Kalshi Doubles Valuation to $5 Billion in Latest Funding Round
Kalshi, a regulated U.S. prediction market platform, has secured over $300 million in a Series D funding round. This investment has doubled the company's valuation to $5 billion, a significant increase from its $2 billion valuation in June 2025.
U.S. Troops Land in Israel, CNN Reports
U.S. forces have started arriving in Israel, according to multiple reports from CNN.
IonQ Secures $2 Billion in Equity Offering, Stock Dips Despite Quantum Ambitions
IonQ, a quantum computing company, has priced a massive $2 billion equity offering at $93.30 per share, representing a 20% premium over its previous closing price. The offering includes 16.5 million common shares, 43 million Series B Warrants, and 5 million Pre-funded Warrants.
Crypto Events
Crypto Market Suffers Historic $9 Billion Liquidation in Under an Hour
The crypto market experienced a massive liquidation event, with over $9 billion wiped out in less than an hour. This marks the worst day in crypto history, with total liquidations reaching $9.4 billion in under 24 hours.
Trump's China Tariff Threat Sends Bitcoin Crashing, Markets Reel
Bitcoin plummets below $119K, triggered by Trump's threat of massive tariffs on China over rare earth controls. The cryptocurrency market reels, with $250M liquidated hourly.
Morgan Stanley Lifts All Crypto Investment Restrictions for Wealth Clients
Morgan Stanley has made a groundbreaking decision to remove all restrictions on cryptocurrency investments for its wealth management clients. This move, set to take effect on October 15, 2025, will allow all clients, including those with retirement accounts, to invest in crypto funds such as Bitcoin.
Bitcoin Retreats Amid Record ETF Activity as Morgan Stanley Opens Crypto to Wealthy Clients
Bitcoin's price has retreated to $121,000 from recent record highs, prompting mixed market sentiment. Spot Bitcoin ETFs have seen significant activity, with $3.2 billion in inflows and over $1 billion in trading volume within the first hour of today's session.
Major Global Banks Unite to Explore Stablecoin Initiative on Public Blockchains
A coalition of major international banks, including Goldman Sachs, Deutsche Bank, Bank of America, and Santander, is exploring the issuance of a stablecoin pegged to G7 currencies on public blockchains.
Bitcoin Consolidates Near $121K, Analysts Eye Potential Breakout
Bitcoin's price has fallen to around $121,000, sliding from recent record highs. The cryptocurrency is currently range-bound between $120K-$126K.
Stock Markets Events
U.S. Stock Markets Plunge, Nasdaq 100 Sees Biggest Drop in Months
U.S. stock markets are experiencing significant declines today. The S&P 500 has extended its drop to 1.6%, while the Nasdaq 100 is down 2.2%, marking its largest decline since April 30.
Stock Market Tumbles as Trump Threatens New China Tariffs; S&P 500 Breaks Below 6,600
The stock market experienced a significant downturn today, with major indices plummeting. The Dow plunged 500 points, while the S&P 500 fell below 6,600 for the first time since September 25th. This decline was largely attributed to President Trump's threat of a "massive increase" in China tariffs.
Fixed Income And Interest Rates Events
Treasury Market Whipsaws Amid Shutdown Impact and Trump's Tariff Threat
The U.S. Treasury market experienced volatility as yields fluctuated throughout the day. Initially, rising yields pressured gold and silver prices, while also raising concerns about potential mortgage-related selling of Treasuries.
Prestige Wealth Launches First Tether Gold Treasury on Nasdaq, Secures $150M Financing
Prestige Wealth Inc. secures $150 million financing for Aurelion Treasury, launching Nasdaq's first Tether Gold-backed fund. The company plans to rename itself Aurelion Inc., subject to approvals.
Currencies Events
Yen Bottom Risks Emerge as Global Economic Data Shows Mixed Signals
A Yankee desk warns of potential yen bottom risks around 154-155, suggesting the Bank of Japan's October meeting could be crucial. Recent yen weakness may prompt a rate hike, potentially reversing USD/JPY gains.
Dollar Strengthens While Asian Currencies Remain Muted; Yen Shows Resilience Amid Market Shifts
Asian currencies remain subdued as the dollar heads for a strong week. The yen, however, stems losses on strong PPI data. AUD/JPY maintains a bullish trend above 100.00, while USDJPY shows an impulsive bullish pattern.
Technology Events
EU Probes Tech Giants Over Child Safety Concerns, Google Faces Multiple Regulatory Challenges
The European Union has launched a comprehensive investigation into major tech platforms, focusing on child safety measures. The European Commission is scrutinizing Snapchat, YouTube, Apple App Store, and Google Play under the Digital Services Act, seeking to assess potential risks to minors.
China Tightens Grip on Nvidia AI Chip Imports in Tech Independence Push
China intensifies customs enforcement on Nvidia AI chip imports, as reported by FT. This crackdown is part of a broader strategy to decrease reliance on US technology.
China Initiates Antitrust Probe into Tech Giants Qualcomm and Broadcom
China launches antitrust investigation into Qualcomm for suspected monopolistic practices. State broadcaster CCTV reports the probe, which also includes Broadcom.
Applied Digital Shares Surge Amid Revenue Success and AI Buzz
Applied Digital stock is soaring today, driven by a revenue beat and excitement surrounding AI data centers. The company's performance is causing significant market movement on Friday.
Eightco Stock Surges on New AI Authentication Program Launch
Eightco launches an AI authentication pilot program for enterprises, causing its stock to soar.
OpenAI and Sur Energy Explore Massive Data Center Project in Argentina
OpenAI and Sur Energy have signed a letter of intent for a potential $25 billion data center project in Argentina.
Environment Events
Gaza Ceasefire Takes Effect, Israeli Forces Begin Withdrawal
Israel's military confirms a ceasefire in Gaza has taken effect at 12:00 local time (09:00 GMT).
Oil And Gas Events
US Total Rig Count Drops, Oil Rigs See Decline
Baker Hughes reports a decrease in US total rig count to 547, down from 549 previously.
Oil Prices Plunge Below $60 as Gaza Ceasefire Eases Tensions
Oil prices have plummeted, with WTI crude falling below $60 per barrel for the first time since May 2025. The drop comes as the risk premium fades following a Gaza ceasefire deal.
Oil Prices Nosedive as Crude Futures Suffer Significant Losses
US crude oil futures plummet 4.24% to $58.90/bbl, a $2.61 drop.
Corporate Actions Events
Multiple Companies File for Nasdaq IPOs, Including Central Bancompany
Public Policy Holding Company and Central Bancompany file for proposed Nasdaq IPOs. Central Bancompany's filing includes Class A common stock.
Healthcare Events
Pharmaceutical Industry Sees Shifts in Drug Development, Acquisitions, and Pricing
Priovant's Brepocitinib targets dermatomyositis, addressing steroid-sparing needs. AstraZeneca and Eli Lilly emerge as potential acquisition targets. Novartis faces competitor comparisons.
Novo Nordisk Abandons Cell Therapy Research for Diabetes, Citing Cost Reductions
Novo Nordisk announces the closure of its cell therapy unit, halting work on a potential cure for diabetes. The decision is part of cost-cutting measures, as reported by Bloomberg News.
Metals Events
Gold Retreats Below $4,000 but Maintains Weekly Gain Streak
Gold prices have retreated below the $4,000 mark, marking a pause in their record-breaking run. Despite this pullback, the precious metal is still on track for its eighth consecutive weekly gain.
Teck Resources Negotiates Defense Mineral Supply with US and Canada
Teck Resources is reportedly in negotiations with Canada and the United States to provide essential defense minerals.
XRP and Major Cryptos See Red as Macro Fears Spark Sell-Order Cascade
XRP is caught in a severe market-wide correction, with its price action reflecting a broad, risk-off movement across the entire crypto sector. The token has broken below several key technical support levels, moving in lockstep with major assets like Bitcoin and Ethereum.
The sell-off appears to be a reaction to heightened macroeconomic tensions. The primary narrative among traders points to the announcement of new tariffs on China as the catalyst, sparking a flight to safety and a deleveraging event that has overwhelmed buyers.
• Whale Activity: Data indicates sustained selling from large holders, adding significant downward pressure.
• Technical Breakdown: The price has sliced through established support zones, with the next critical level to watch around $2.00.
• Market Sentiment: Fear is the dominant driver, with negative sentiment across social channels and search interest hitting multi-month lows.
For now, the market is in a clear reaction phase, where macro headlines are trumping individual asset fundamentals. The immediate focus is on whether the selling pressure will exhaust itself and where a stable floor might form.
Always do your own research.
Narrator: RippleTalk
The Big Short 2.0: Trump’s Tweet Triggers Crypto’s Collapse
Original Article: https://www.juniorstocks.com/the-big-short-2-0-trump-s-tweet-triggers-crypto-s-collapse
Crypto’s wild rally meets a geopolitical reality check as Trump reignites the U.S.–China trade war, triggering over $6 billion in liquidations and sending shockwaves across global markets.
Markets don’t crash quietly. On October 10, 2025, chaos hit the crypto world with the force of a thunderclap after U.S. President Donald Trump announced plans to impose an additional 100% tariff on China and tighten export controls on key technologies. Within an hour, more than $6 billion in leveraged crypto positions vanished into thin air. The market’s euphoric rally screeched to a halt as traders watched Bitcoin, Ethereum, and a host of altcoins tumble in unison.
Bitcoin, which had just been flirting with a new all-time high of $126,250 earlier in the week, plunged over 12% after Trump’s Truth Social post blindsided investors. The world’s largest cryptocurrency briefly stabilized around $112,000, but the damage was done. According to data from Coinglass, more than $7.4 billion in bets on digital assets were wiped out within 24 hours, including $6.7 billion in long positions and another $695 million in shorts. It was the largest liquidation event since April.
Ravi Doshi, co-head of markets at FalconX, summed up the sentiment perfectly. “A renewed trade war between China and the U.S. erupted on Friday, causing uncertainty in markets and a rout in risk assets,” he said, noting that FalconX’s derivatives desk saw heavy demand for downside protection throughout the day. That demand wasn’t misplaced. Within hours, crypto markets had gone from exuberant to defensive as traders scrambled to unwind leveraged bets.
The shockwave didn’t stop at Bitcoin. Ethereum was battered even harder, sliding more than 17%. XRP and Dogecoin — the poster children of speculative trading — each cratered over 30%. The selling was indiscriminate. Liquidity vanished. Bid-ask spreads widened. Smaller tokens that had surged during the recent bull run were suddenly untradeable as exchanges struggled to handle the flood of liquidations.
It wasn’t just crypto that felt the heat. The flare-up in U.S.–China tensions sent tremors through global markets. Stocks fell sharply, oil prices tumbled, and investors rushed into traditional safe havens like Treasuries and gold. Risk assets were being dumped across the board. By midday, the S&P 500 was down more than 3%, crude oil slipped below $70 a barrel, and gold surged past $2,600 an ounce. Traders weren’t taking chances — not with another full-blown trade war on the horizon.
Trump’s announcement marked a dramatic escalation in the simmering standoff between Washington and Beijing. The president accused China of weaponizing its export dominance in rare earth minerals — materials critical for electric vehicles, semiconductors, and defense technologies. Beijing’s recent export controls, which extended to rare earth technologies and production licensing abroad, had already rattled industrial supply chains. Trump’s response, however, took things to another level. His post called China’s actions “hostile” and “sinister,” adding that there was “no reason” to follow through with a planned meeting with Xi Jinping at the APEC summit in South Korea later this month.
For crypto investors, the timing couldn’t have been worse. Market optimism had been running high all week. Traders were piling into everything — equities, bonds, and digital assets — in a broad risk-on rally. The idea was that global growth was stabilizing, inflation was cooling, and the Federal Reserve might even begin easing policy sooner than expected. Bitcoin’s surge above $120,000 was being hailed as proof that institutional money was finally all in. Then, with one Truth Social post, the narrative flipped on its head.
The psychology of the crypto market has always been fragile, and Friday’s events laid that bare. Leveraged longs were wiped out in minutes. Liquidations cascaded across exchanges, triggering margin calls and forced selling that fed into the panic. Exchanges like Binance, Bybit, and OKX saw record trading volumes — not from new inflows, but from traders desperately trying to close positions before the next margin call hit.
Even as Bitcoin tried to recover, analysts warned the damage could linger. Liquidity providers, burned by the scale of the drawdown, may stay cautious. Market makers are likely to widen spreads, reducing efficiency in the short term. And with geopolitical risk suddenly back on the table, appetite for speculative assets could cool fast.
Still, not everyone is panicking. Some see the selloff as a stress test for a maturing market. Volatility, after all, is nothing new for crypto. Bitcoin has weathered Chinese bans, exchange collapses, and global financial shocks before. The asset’s ability to rebound from violent corrections has long been part of its mythos. As FalconX’s Doshi noted, “Periods like this separate the traders from the tourists.”
Yet, the broader implications go beyond crypto. The renewed U.S.–China conflict is threatening to reshape global trade once again, from semiconductors to commodities. A 100% tariff would upend existing supply chains and could ignite another inflationary wave — something the Federal Reserve has worked tirelessly to contain. For risk assets already priced for perfection, that’s a dangerous setup.
In the hours after Trump’s announcement, gold and Treasuries rallied sharply. The 10-year Treasury yield dropped below 3.8% as investors sought safety, while gold surged to record highs. The dollar index strengthened too, reflecting a rush for liquidity. In contrast, the Nasdaq and S&P 500 both endured their sharpest intraday declines in months, underscoring how fragile confidence remains when geopolitics enters the equation.
As markets digest the fallout, traders are bracing for what comes next. If the trade war rhetoric escalates, risk assets could see more pain ahead. But in the unpredictable world of crypto, reversals can be just as fast as selloffs. Bitcoin has already clawed back partial losses in post-announcement trading, suggesting that dip buyers haven’t completely disappeared.
For now, the $6 billion liquidation stands as a stark reminder of crypto’s volatility — and its entanglement with global politics. What began as a digital revolution detached from traditional finance has now become deeply intertwined with it. Bitcoin no longer moves in isolation; it reacts to policy, politics, and power plays just like any other asset. Friday’s crash wasn’t just about margin calls — it was a geopolitical tremor felt through the digital bloodstream of global markets.
Conclusion
The latest crypto wipeout is more than just a correction. It’s a reflection of how vulnerable even the most decentralized markets are to political shocks. As the trade tensions between Washington and Beijing escalate, investors across all asset classes are being forced to recalibrate. For now, crypto’s believers will call this a temporary storm. But even they know that in markets as fast and fragile as these, every headline can become a hurricane.