What if we told you France just voted for a new internet tax with only 11 votes? Last Friday, French lawmakers approved a €0.055 tax on every GB sent to users in France. It passed 11 to 10, with only 35 of 577 deputies taking part. The tax is paid by companies like Netflix, Google, Meta and Amazon, not by users. A single 218 GB download of GTA 6 would cost the platform ~€12. Even VLC, a free app made by a nonprofit, says the tax would cost it over €1 million a year.
🚨 JUST IN: 🇺🇸 $1.8 TRILLION wiped out from US stocks in Friday's sell-off. Here's how the major indexes closed: 1. Nasdaq: -3.4% 2. S&P 500: -2.1% 3. Dow Jones: -1.1% What a brutal finish to October. https://t.co/DMcHK8XkZR
- Son: Grandpa, what's the biggest lesson from your Bitcoin cycles? - Grandpa: son, once this train starts moving… nothing can stop it https://t.co/RKhRPuBnoP
Chinese stocks have lost ~$2.4 trillion in just 10 weeks. So, how is Bitcoin UP +40% over the same period? What if we told you that Bitcoin is no longer trading like a China risk asset? The CSI 300 is now down -20% from its June 22 high, officially entering a bear market after 10 straight weekly losses. China's tech-heavy STAR 50 index is down nearly -40% from its July peak. Bitcoin has rallied from its ~$58,000 low in late June to ~$81,000 today. So, what is happening? China's sell-off is being driven by a global AI sell-off, weak earnings, fading stimulus hopes and a tax deadline that forced wealthy investors to sell shares.
Bitcoin is on track to do something it has never done BTC is down -5.9% in October, after closing October 2025 in the red as well. Since 2013, Bitcoin has had only 3 red Octobers, in 2014, 2018 and 2025, and never two in a row. To save Uptober, BTC needs to climb back above $84,856 by Friday. Will it?
BREAKING: Meta, $META, plans to raise up to ~$95 BILLION in new stock to fund its AI buildout. This includes a ~$35 BILLION offering launched today and a $60 BILLION program to sell non-voting Class C shares starting in Q1 2027. Nvidia, AMD and Broadcom, which all sell to Meta, have shown interest in buying up to $5 BILLION of the new shares.
solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn , is falling nearly 3x faster than Solana. PUMP is down -23% over the last 2 weeks, while SOL is down -8.5%. The token now trades 52% below its all-time high. In other words, PUMP is only as strong as memecoin season. https://t.co/l55TF2enJ9
Meta is down about 12% since the initial earnings pump, and the main reason is higher AI spending. But on the same day, Anthropic launched Claude Duet, a personal AI agent that goes after the same users as Meta's Muse. Could Claude Duet be part of the reason? https://t.co/9IOFwS1UDv
