All right, so let's have a great conversation and I bring in with me right here in the flesh. Look at us. We're finally together in the same place, Kevin Green is with me joining me and um we have a lot to cover, Kevin, but it's great to see you live here at the Schwab Impact Conference and we kick it off.How are you doing this morning. >> It's doing pretty good. Look, the market has recovered.If you looked at overnight trading, it was actually getting pretty dire out there, but we are seeing some buyers re ...

Corporate News - JPMorgan has significantly raised its price target for Ocentrus Energy, identified as Centrus Energy Corp. (LEU), from $164 to $275, indicating a positive outlook for the energy company [3][9] Cryptocurrency Market - The cryptocurrency market is facing challenges, with Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP) experiencing price declines amid ongoing market weakness [4][9] - Ethereum is set for a Fusaka upgrade on December 3, which may influence future market dynamics [4] Foreign Exchange Market - The Australian Dollar (AUD) has declined against the US Dollar (USD), with the AUD/USD exchange rate falling to 0.6552 on October 31, 2025, down 0.04% from the previous session and 0.93% over the past month, driven by decreasing odds of a Federal Reserve rate cut [5][9] - The Japanese Yen (JPY) has maintained gains due to stronger Tokyo Consumer Price Index (CPI) data, although it has struggled to attract sustained buying interest [6][9]

Crypto wallet provider Uphold has officially reintroduced its US debit card, offering users the chance to earn up to 6% in Ripple rewards on fiat, cryptocurrencies, and stablecoin payments. According to the official announcement on X, the new card allows customers to spend more than 300 cryptocurrencies anywhere Visa cards are accepted, online or in-store. The relaunch marks the exchange’s return to the US debit card market after halting the service in March 2023. Beyond that, users who allocate a portio ...

Core Insights - The AI trading competition launched by nof1 on the Alpha Arena platform aims to identify the most profitable AI model in crypto trading [1][11] - DeepSeek Chat V3.1 currently leads the competition with a portfolio value increase of 40.38% in just two days [2][5] AI Trading Competition Overview - Six AI models were allocated $10,000 each to trade autonomously in the crypto markets [2] - The competition has generated significant interest, with expectations of increased trading volumes as AI strategies gain popularity [3][10] Performance Metrics - DeepSeek Chat V3.1 achieved a portfolio value of $14,038 after 18 transactions, consisting of 12 buys and 6 sells [5][6] - Grok 4 initially led with a 500% gain on the first day but faced losses, placing it behind DeepSeek [7] Market Implications - Major industry figures, including Changpeng Zhao, have noted that widespread use of the same AI trading models could impact market prices [8][9] - Zhao anticipates higher trading volumes as more users adopt AI for trading [10]

Core Insights - The bullish trend in digital asset investments may have ended abruptly due to Donald Trump's announcement of higher tariffs on China, leading to significant market volatility [1][2][9] Investment Flows - Digital asset investment products recorded $3.17 billion in weekly net inflows for the week ending October 10, 2025, bringing year-to-date inflows to a record $48.7 billion [2][3] - October's monthly net inflows reached $5 billion, surpassing September's $3.53 billion [8] Market Volatility - Following the tariff announcement, the market experienced the largest liquidation event in Bitcoin and crypto history, with total Assets Under Management (AuM) falling by 7% to $242 billion [2][5] - Bitcoin products saw inflows of $2.67 billion, raising year-to-date inflows to an all-time high of $30.2 billion, although they have not yet surpassed 2024's $41.7 billion [5] Trading Volumes - Weekly trading volumes for digital asset exchange-traded products (ETPs) reached a record $53 billion, double the weekly average for 2025 [5] - The day of the tariff announcement saw the largest-ever daily trading volume at $15.3 billion [5] Specific Asset Performance - Ethereum products captured $338 million in inflows despite experiencing $172 million in outflows on the day of the tariff announcement [6] - Solana (SOL) and Ripple (XRP) products also saw reduced inflows, with $93.3 million and $61.6 million, respectively [6] Bitcoin ETF Insights - U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $2.71 billion in weekly net inflows last week [7]

Core Insights - The article discusses the introduction of the Hashdex Nasdaq Crypto Index US ETF (NCIQ), which provides a diversified, regulated way for U.S. investors to gain exposure to multiple cryptocurrencies without the complexities of managing individual assets [2][4][44] - NCIQ is positioned as a significant innovation in the crypto investment landscape, allowing investors to own a basket of leading cryptocurrencies while benefiting from institutional-grade oversight and transparency [14][45][46] Fund Structure and Mechanics - NCIQ wraps major U.S.-eligible cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, Ripple, and Stellar, into a single investment vehicle that adjusts automatically based on market conditions [4][6] - The fund operates as a Delaware statutory trust, ensuring that all transactions occur in cash, which simplifies operations and enhances regulatory compliance [6][7] - The benchmark for NCIQ, the Nasdaq Crypto US Settlement Price Index (NCIUSS), employs strict methodologies to minimize manipulation and ensure transparency [5][12] Investment Case - NCIQ's inclusion of a broader range of cryptocurrencies beyond Bitcoin and Ethereum allows investors to capture diverse segments of the crypto economy, which is a shift from previous single-asset ETFs [8][10] - The management fee for NCIQ has been reduced to 0.25% through December 31, 2025, enhancing its cost efficiency and potentially leading to a fee war in the crypto ETF market [9][10] - The ETF provides a simple entry point for investors, allowing them to gain diversified exposure without the need for wallets or private keys, making it suitable for both retail and institutional investors [11][40] Performance Metrics - As of September 30, 2025, NCIQ has shown strong performance with a +3.40% return at market price over the past month and a +23.51% return since inception [17][18] - The fund has maintained tight bid-ask spreads and efficient arbitrage, indicating that its internal mechanics are functioning effectively [19][20] Risk Profile - NCIQ's Herfindahl-Hirschman Index (HHI) indicates a high concentration in Bitcoin, which drives most of the fund's returns and volatility [22][23] - The ETF's performance is significantly influenced by Bitcoin and Ethereum, which account for 80-85% of total index variance [24] - Operational risks, such as liquidity issues and regulatory changes, could impact NCIQ's performance and investor confidence [28][30] Portfolio Integration - NCIQ is designed to fit within diversified portfolios as a core crypto beta, typically making up 1-5% of total allocation [38] - For investors already holding Bitcoin or Ethereum, NCIQ serves as a complementary asset that reduces single-asset risk [39] - New investors can utilize NCIQ as a straightforward entry point into the crypto market, benefiting from institutional-grade custody and trading convenience [40][42]

Core Insights - Crypto markets are experiencing a significant rally, with Bitcoin reaching a new all-time high due to record inflows into digital asset investment products [1][2] Group 1: Investment Inflows - Digital asset investment products saw a record $5.95 billion in net inflows last week, the largest since records began [2][6] - Bitcoin products recorded their highest-ever weekly inflows at $3.55 billion, while Ethereum products had $1.48 billion in inflows, bringing year-to-date inflows to $13.7 billion [2][4] - U.S. investors led the charge with $5 billion in inflows, marking another new weekly record [4] Group 2: Market Dynamics - The U.S. Federal Reserve's delayed interest rate cut and market stability concerns contributed to a bullish sentiment among investors, driving total assets under management to an all-time high of $254 billion [3][6] - Bitcoin ETFs experienced substantial inflows, with $985.08 million in daily net inflows last week, leading to a total of $3.24 billion for the week, the second-largest week of inflows ever [5][6] Group 3: Regional Performance - Switzerland and Germany also reported significant inflows, with Switzerland at $536 million and Germany at $312 million, indicating strong interest in crypto investments across these regions [4]

Core Insights - The Investment Company Act of 1940 ('40 Act') provides a faster pathway for firms to launch spot crypto ETFs, as demonstrated by REX-Osprey's rapid approval of its spot Ripple (XRP) fund [2][3][7] Group 1: Regulatory Framework - The '40 Act was established to minimize self-dealing, fraud, and mismanagement in financial firms, particularly after the 1929 Stock Market Crash and the Great Depression [1] - REX-Osprey's XRP ETF must maintain a diversified portfolio, requiring 80% XRP along with cash, treasuries, and derivatives, which deviates from a "pure" spot ETF structure [4][7] - Firms under the '40 Act must register with the SEC, outline their objectives, and adhere to strict reporting standards to ensure investor protection [3][4] Group 2: Approval Process - The typical review process for spot crypto ETFs under the Securities Act of 1933 can take up to 240 days, while the '40 Act allows for a reduced review period of 75 days for applications with similar precedents [5][7] - The SEC has the authority to exempt certain rules under the '40 Act if alternative safeguards are in place, as seen with REX-Osprey's use of a Cayman Islands subsidiary for XRP holdings [6][8] - REX-Osprey's XRP ETF launch was initially set for September 12 but was delayed to September 18, indicating some regulatory scrutiny despite the expedited process [8]

Core Insights - Thumzup Media Corporation has received approval from its Board of Directors to diversify its cryptocurrency portfolio, allowing the company to hold up to $250 million in various cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Litecoin (LTC), and Stablecoin USDC [1][2][3] Company Strategy - The company aims to remain at the forefront of the evolving cryptocurrency landscape as the U.S. federal government moves towards more crypto-friendly policies and regulatory clarity [2] - By diversifying its cryptocurrency holdings, Thumzup seeks to gain broader market exposure and create significant value for its shareholders [2][3] Technological Innovation - Thumzup is also developing a patent-pending Lifestyle AI Agent Marketplace, which is intended to revolutionize lifestyle planning through curated, AI-powered experiences [3] - The company operates a proprietary platform that allows users to earn cash for sharing branded content on social media, managed through a programmatic advertiser dashboard [2] Market Presence - The Thumzup app is available for download on both the App Store and Google Play, indicating the company's commitment to accessibility and user engagement [4] - Thumzup has been featured in notable media outlets such as CBS Los Angeles and KTLA, enhancing its visibility in the market [4]