Asian markets extended Wall Street’s decline as investor anxiety over inflated tech valuations intensified. All eyes are on Nvidia’s upcoming earnings report, with markets reacting nervously to news that Peter Thiel’s fund dumped its entire Nvidia position. The sell-off reflects growing sensitivity to any negative signals from the AI sector.
about Asian Stocks Fall on Tech Worries Ahead of Nvidia EarningsPeter Thiel
0 posts last weekNvidia in Focus: Thiel Sells, Burry Bets Against NVDA
Nvidia shares are capturing market attention this week ahead of its third quarter earnings report, with the spotlight intensifying as prominent investors Peter Thiel and Michael Burry take opposing positions on the tech giant’s stock. While Thiel’s fund has been actively selling NVDA shares, Burry—famous for predicting the 2008 financial crisis—is betting against the semiconductor leader, prompting Wall Street analysts to examine the rationale behind these high-profile investment moves amid ongoing market volatility.
about Nvidia in Focus: Thiel Sells, Burry Bets Against NVDAThiel Dumps Nvidia, Buffett Bets Big on Google
Investment titans are taking dramatically opposite positions on major tech stocks as Peter Thiel exits Nvidia while Warren Buffett’s Berkshire Hathaway makes a massive bet on Google. Meanwhile, DoubleLine CEO Jeffrey Gundlach sounds the alarm on private credit markets, comparing them to the subprime crisis, and UBS may be considering a significant relocation from Switzerland to the United States, according to Bloomberg Open Interest.
about Thiel Dumps Nvidia, Buffett Bets Big on GoogleEpstein Emails Reveal Bitcoin Talks with Tether Founder, Summers
Newly released emails from Jeffrey Epstein’s Manhattan townhouse reveal surprising Bitcoin discussions between Tether co-founder Brock Pierce and former Treasury Secretary Larry Summers. The conversations occurred after Epstein’s 2008 conviction but before his 2019 death. These revelations emerge as US lawmakers continue investigating Epstein’s network and its political connections.
about Epstein Emails Reveal Bitcoin Talks with Tether Founder, SummersETHZilla Soars 14% as Meme Investor Buys Stake, Pushes Buybacks
ETHZilla shares surged 14% on Monday after prominent meme stock investor Dimitri ‘Capybara Stocks’ Semenikhin revealed a 2.2% stake in the Ethereum treasury firm, successfully pressuring management to sell $40 million worth of ETH to fund share repurchases. This marks the latest strategic move from the influencer who recently orchestrated Beyond Meat’s 1,000% price spike, now targeting what he calls ‘asymmetric upside’ in the undervalued crypto treasury space.
about ETHZilla Soars 14% as Meme Investor Buys Stake, Pushes BuybacksPolymarket Eyes $15B Valuation in New Funding Round
Prediction market platform Polymarket is negotiating a massive new funding round that could value the company between $12-15 billion, representing a staggering 10-fold increase from its $1 billion valuation just four months ago. The platform’s rapid ascent comes amid growing mainstream adoption through partnerships with major brands including DraftKings and the NHL, while rival Kalshi also seeks funding at over $10 billion, signaling explosive growth across the prediction market sector.
about Polymarket Eyes $15B Valuation in New Funding RoundTrump Family Nets $1B From Crypto Empire
The Trump family has generated over $1 billion in pre-tax profits from their cryptocurrency ventures during Donald Trump’s second term, according to a Financial Times investigation. Their crypto empire spans stablecoins, memecoins, and DeFi projects, creating both massive wealth and political controversy. The revelations have sparked ethical concerns and political backlash in Washington.
about Trump Family Nets $1B From Crypto EmpireETHZilla Shares Drop 5% After 1-for-10 Reverse Stock Split
Shares in Ethereum treasury firm ETHZilla fell nearly 5% Wednesday following the announcement of a dramatic 1-for-10 reverse stock split, a strategic move designed to attract institutional investors by boosting the company’s share price above critical thresholds. The Palm Beach, Florida-based firm, which holds over 102,000 ETH valued at approximately $407 million, will see its outstanding shares shrink from 160 million to just 16 million when the split becomes effective on October 20, marking a pivotal moment in the company’s transition from traditional biotech to crypto-focused investment vehicle.
about ETHZilla Shares Drop 5% After 1-for-10 Reverse Stock SplitErebor Wins Federal Crypto Bank Charter, Second After Anchorage
Erebor has become only the second crypto-focused bank to receive a conditional federal charter from the Office of the Comptroller of the Currency, positioning the Silicon Valley-backed institution to compete in the rapidly growing stablecoin market following the GENIUS Act’s passage. This milestone, achieved in just four months despite industry predictions of an 18-month approval process, signals accelerating institutional adoption of digital assets under the Trump administration and sets the stage for a major shift in the $312 billion stablecoin sector.
about Erebor Wins Federal Crypto Bank Charter, Second After AnchorageErebor Gets US Bank Charter for Digital Assets Post-SVB
Erebor, the financial services company backed by billionaire Peter Thiel, has received preliminary banking charter approval from U.S. regulators, marking one of the most significant regulatory endorsements for digital assets since the 2023 regional banking crisis. The approval from the Office of the Comptroller of the Currency positions Erebor to potentially fill the void left by Silicon Valley Bank’s collapse, signaling growing acceptance of cryptocurrency activities within the traditional banking system.
about Erebor Gets US Bank Charter for Digital Assets Post-SVBPendle Hits $318M TVL in 4 Days on Plasma Chain
Pendle Finance has achieved a remarkable $318 million in Total Value Locked just four days after launching on the Plasma blockchain. This explosive growth represents one of the fastest deployments in DeFi history, driven by strong demand for yield-optimization strategies and exclusive XPL token rewards, signaling renewed vigor in the decentralized finance yield landscape.
about Pendle Hits $318M TVL in 4 Days on Plasma ChainPlasma Blockchain Launches Mainnet Beta with XPL Token
Plasma, a stablecoin-optimized layer-1 blockchain, has launched its mainnet in beta alongside its native XPL token, delivering staggering returns for early investors. Participants in the project’s initial coin offering are sitting on massive paper gains, with the token’s fully diluted valuation soaring to $8.6 billion—a 17.3x increase from its $500 million ICO price. In an unprecedented move, Plasma distributed $8,390 worth of XPL tokens to every pre-deposit participant, regardless of whether they ultimately purchased tokens, creating instant windfalls for thousands of supporters.
about Plasma Blockchain Launches Mainnet Beta with XPL Token