Today's Highlights
1. Dubai FinTech Summit 2026 to Highlight Growth of AI and Fintech Firms
2. Cantón Strategic Holdings to Launch Tokenized Stock Trading
3. WasabiCard to Showcase Stablecoin Payment Solutions at Dubai FinTech Summit
4. TechCrunch Founder Summit to Focus on Practical Growth Strategies for Founders
5. Potential CFTC License Application by Lighter Could Signal Regulatory Progress for DEXs
Macro News
Bitwise Raises Bitcoin Price Target to $1.6M by 2036
Bitwise has increased its 10-year Bitcoin price target to $1.6 million by 2036, despite the ongoing market downturn. The firm cited long-term capital market assumptions in its updated analysis.
Italy Proposes 33% Exit Tax on Crypto Holders Leaving the Country
Italy is considering a new tax policy that would impose a 33% exit tax on crypto holders who leave the country, applying to individuals with at least six years of tax residency and assets over 800,000 euros.
AI Investment Faces Triple Pressure from Bonds, Earnings, and Political Risks
The AI sector is under pressure from rising bond yields, weak corporate earnings, and political uncertainty. High-yield bond markets have become increasingly difficult for AI cloud providers to access, with secondary market yields exceeding 15% in some cases.
U.S. Market Volatility Expected to Continue Amid Key Economic Reports
This week will see key economic reports including the U.S. nonfarm payrolls, UK and Australian central bank decisions, and ADP employment data. These reports will likely influence both traditional and crypto markets.
Fed Maintains Interest Rates but Hints at Future Tightening
The Federal Reserve kept interest rates unchanged at 3.75–4.00%, but two of 12 voting members supported a 0.25% rate hike. The central bank remains cautious about inflation despite strong economic activity.
Industry Hotspots
BRT.Fit to Disclose Founding Team Equity Structure
BRT.Fit, a fitness protocol transitioning from smart wearable hardware, announced it will publicly disclose its founding team’s equity structure. The move aims to increase transparency and community trust.
XPL Plummets 20% in Short Term, $24.49M in Liquidations in 1 Hour
XPL experienced a sharp decline of nearly 20%, with $24.49 million in liquidations within one hour. The drop was attributed to market volatility and speculative trading activity.
Crypto Industry Suffers $6.48B in Hacks in October 2026
The crypto industry faced 56 major hacking incidents in October 2026, resulting in $6.48 billion in losses. The largest incident involved a $6.3 billion theft, with $3 billion frozen.
Solana Meme Coin DESSA Market Cap Surpasses $30.38M
The Solana-based meme coin DESSA has seen a surge in popularity, with its market cap reaching $30.38 million. The coin leveraged the name of Block’s AI project Dessa to gain attention.
Solana Processes 98M Transactions Daily Despite Price Declines
Despite a gloomy price outlook, Solana processed approximately 98 million transactions in the last 24 hours, with around $1.5 billion in volume on its decentralized exchanges.
KOL and Institutions
@VitalikButerin
The Bitcoin whitepaper, published on October 31, 2008, marked the beginning of the cryptocurrency revolution. Vitalik Buterin reflects on the 18th anniversary of this foundational document.
@TSyndicates
Market volatility offers opportunities to build a watchlist of undervalued stocks. Top picks include Microsoft, NVIDIA, Alphabet, Amazon, and Broadcom, all with strong growth potential in AI and enterprise software.
@crypt_shprd
Amazon’s recent earnings missed expectations, with EPS at $1.89 and revenue at $201.9 billion. The company’s capital expenditure plans and negative free cash flow contributed to a 7% stock decline.
@Meta
Meta’s growth in search advertising revenue is one of the most significant corporate turnarounds in tech history. The company’s focus on open-source AI and Reels has driven substantial market gains.
@Joel_Greennu
A retired BlackRock investor shared his stock recommendations, including buying Intel at $62–$65, Alphabet at $265–$280, and Amazon at $218–$222. He advises against buying NOW, LITE, and SNDK.
@Mosesyhzd
SanDisk’s stock dropped over 49% after Fidelity sold $12.6 billion worth of shares. The move significantly impacted the company’s market position and investor confidence.
@zensei
Crypto projects generated over $1.26 billion in revenue in the last 30 days. Stablecoin issuers like Tether and Circle led the revenue list, followed by trading platforms and DeFi protocols.
@BlueWolfNFTs
The U.S. stock market experienced a sharp decline, with the S&P 500 down 1.8% and the Nasdaq 3.5%. Intel’s 28% drop and AMD’s 11% decline were major contributors to the downturn.
@sminston_with
Bitcoin’s price has not been halved in 1,065 days, the longest period since the 2022 bear market low. Historical data shows the time between bear market lows has been increasing over the years.
@marketsday
The upcoming week will see a busy earnings calendar, with major companies like Tempus AI, Check Point Software, and Estée Lauder reporting before market open. Investors should monitor these reports for market-moving insights.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.