Investors are waking up to some major news from China:
The entire tariff crash on October 10th may have just been one big misunderstanding between Trump and Xi.
The news about China’s rare earth export controls came out on October 9th at ~8:30 am ET, 26 hours BEFORE Trump posted about it.
This was a non-news event UNTIL President Trump posted about it over one day later.
Last night, China released a statement clarifying their "export controls" on rare earths.
In their response, China said the new controls are NOT a full export ban and applications that “meet regulations” will be approved.
Amid the market's downturn on Friday, our view was that the 100% tariff announcement by Trump was a bargaining chip.
After China's statement last night, we believe the odds of Trump's 100% tariff on China going into effect are extremely low.
The largest crypto liquidation in history and a -$2.5 trillion loss of S&P 500 market cap appears to have been driven by one big misunderstanding.
We expect another "trade deal" soon.
🚨 Es ist offiziell!
#Ethereum hat gestern erstmalig einen Handelstag mit über $1 Mrd. USD Inflows in die ETFs abgeschlossen - eine Leistung, die selbst der "große Bruder" #Bitcoin lediglich 4 mal in seiner ETF-Historie geschafft hat.
Im direkten Vergleich wirkt der Bitcoin zudem abgeschlagen, dessen ETFs gestern mit lediglich knapp $200 Mio. gekauft wurden, zumal in den letzten Wochen hauptsächlich die Verkäufer dominieren.
🚀🚀🚀
Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business.
⚡️NEW: The SEC released "Listing Standards" for crypto ETPs via new exchange filing, with any coin of over 6 months of futures trading on Coinbase derivatives appearing likely for approval.
September or October timing expected for multiple altcoin ETFs approval, per Eric Balchunas.
U.S. - EU; TRADE DEAL DETAILS. 🚨
1. Agreement to open up trade at 0% tariff
2. The EU agreeing to purchase up to $750 billion worth of U.S. energy
3, A pledge from the EU to buy “vast amounts” of U.S. automobiles
4. A reduction in automobile tariffs to 15%
MASSIVE DEAL!
🚨 TODAY: Vertical farming tech firm Nature’s Miracle launches a $20M XRP treasury program, becoming one of the first public companies to adopt XRP as a core reserve strategy.