US stocks surge as Nvidia becomes first company to hit $5 trillion valuation

US stocks opened lower on Thursday, with major players like Meta and Microsoft seeing significant declines. This downturn comes as Wall Street grapples with mixed reactions to the promising trade talks between President Trump and President Xi Jinping. Investors are cautious, weighing the latest earnings reports against the backdrop of these high-stakes discussions, which could impact future trade relations.

The Ethereum Foundation has launched a new website aimed at attracting institutional investors by providing resources for onboarding and highlighting enterprise-level use cases. This initiative is significant as it demonstrates Ethereum's commitment to expanding its presence in the financial sector, potentially leading to increased adoption and investment in the cryptocurrency space.

OpenAI is gearing up for an initial public offering (IPO) that could reach a staggering $1 trillion valuation. This move is expected to significantly impact the tech landscape, shaping investment trends in artificial intelligence and altering competitive dynamics in the global market. As AI continues to evolve, OpenAI's IPO could attract substantial attention and resources, marking a pivotal moment for the industry.

Ondo Global Markets has made a significant move by tokenizing over 100 US stocks and ETFs on the BNB Chain, providing access to more than 3.4 million daily users. This development is important as it enhances the accessibility of traditional financial assets in the digital space, allowing more investors to participate in the stock market through innovative blockchain technology.

Nvidia has reached a remarkable $5 trillion market cap, showcasing its dominance in the tech sector. However, Bitcoin is struggling, trailing behind U.S. equities like the S&P 500 and Nasdaq, and even falling short of gold's performance in 2025. This shift highlights the changing landscape of investment returns and raises questions about Bitcoin's future as a reliable asset.

As the Federal Open Market Committee prepares for its upcoming rate decision, the crypto market is on edge, anticipating how this will impact overall market sentiment. With major tech companies like Alphabet, Meta, and Microsoft set to release their earnings, traders are bracing for potential volatility. This convergence of macroeconomic factors and tech earnings could significantly influence the direction of the crypto market, making it a critical moment for investors.

OceanPal has successfully raised $120 million to establish a new company focused on building a treasury for the NEAR token. This initiative is significant as it aims to leverage NEAR's blockchain technology alongside NVIDIA's advancements to create privacy-preserving AI infrastructure. This move not only enhances the utility of the NEAR token but also positions OceanPal at the forefront of innovative tech solutions in the blockchain space.

Bitcoin has dropped below $113,000 as stock markets reach new heights, with Nvidia nearing a $4 trillion market cap. This shift, highlighted during CEO Jensen Huang's keynote at a tech conference, indicates a potential sell-off in the crypto market. The situation is significant as it reflects changing investor sentiment and the ongoing competition between traditional stocks and cryptocurrencies.

The Bonk price is currently struggling at $0.00001425, indicating potential short-term vulnerabilities as it falls below key resistance levels. This decline raises concerns about a deeper correction, especially if it fails to maintain its value in the low area. Understanding these price movements is crucial for investors as it could signal significant shifts in the market.

Satoshi Nakamoto's cryptocurrency holdings have plummeted by $4.9 billion in just 24 hours, bringing their total to $118 billion. This significant drop underscores the extreme volatility of the cryptocurrency market, which can dramatically affect the wealth rankings of global billionaires. As the market fluctuates, it raises questions about the stability and future of digital currencies, making this news particularly relevant for investors and enthusiasts alike.

As Halloween approaches, Ethereum traders are facing a potential $4,000 curse due to the looming expiry of options contracts. This situation has created a buzz in the crypto community, as traders speculate on the market's direction and the impact of these expiries. Understanding these dynamics is crucial for investors looking to navigate the volatile landscape of cryptocurrency trading.

The recent lifting of the retail ban on crypto exchange-traded notes (ETNs) in the UK has sparked a fierce competition among issuers, who are now slashing fees to attract investors. This development is significant as it not only enhances access to cryptocurrency investments for retail investors but also indicates a growing acceptance of digital assets in traditional finance. As companies vie for market share, consumers stand to benefit from lower costs and more options, making this a pivotal moment for the UK's crypto landscape.

Today, the crypto market is experiencing a significant downturn, with Bitcoin dropping to $108,000 and Ethereum falling below $4,000. This decline has led to a 4% decrease in the total market capitalization of cryptocurrencies, now at $3.64 trillion. The Fear and Greed Index indicates rising fear among investors, which could lead to further liquidations. This matters because it reflects the volatility and uncertainty in the crypto space, impacting investors and the broader financial market.

Recent analysis suggests that the bullish trend for Bitcoin may be coming to an end, with indicators like the MACD's bearish crossover and the timing since the last halving raising concerns. This matters because it could signal a shift in market dynamics, impacting investors and the broader cryptocurrency landscape as they navigate potential downturns.