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Senate Minority Leader Chuck Schumer, D-N.Y., on Friday accused President Donald Trump of ‘skipping town’ for a trip to Asia during the ongoing government shutdown.

Trump departed for Asia Friday night for a weeklong trip that will include stops in Malaysia, Japan and South Korea. Republicans and Democrats remain divided on negotiations to end the shutdown that began earlier this month, with each side blaming the other as the GOP controls the White House and both chambers of Congress.

‘In the midst of the longest full government shutdown in American history — a crisis of his own making — President Trump’s priorities are severely misplaced,’ Schumer said in a statement.

‘While Americans are struggling to make ends meet, federal workers are going without pay, and millions of families are bracing for soaring health care costs, the President is leaving the country,’ he continued.

Schumer added: ‘America is shut down and the President is skipping town.’

The senator said Democrats have sought to meet with Trump, but that the president is ‘abandoning’ his responsibilities.

‘Democrats have asked, again and again, for President Trump to meet with us to negotiate a bipartisan deal that would address the healthcare crisis, and find a path forward to reopen the government. But instead of doing his job, President Trump is abandoning it,’ Schumer said.

Schumer also called on GOP lawmakers in Congress to work across the aisle to reach a deal to end the shutdown.

‘With the President out of the country, the responsibility falls squarely on Congressional Republicans to act — to come to the table, to do their jobs, and to deliver an agreement that reopens the government and protects Americans from another health care disaster,’ he said.

‘Americans deserve a government that works as hard as they do— not a leader that flies away from responsibility at the time they need one most,’ the top Senate Democrat added.

While in Asia, Trump is expected to meet with regional allies about trade, including the trade war with China, as well as Beijing’s tightening of export controls on rare-earth minerals critical for certain technologies. 

The president is also expected to address security in the region and affirm America’s commitment to supporting its allies.


This post appeared first on FOX NEWS

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.

Silver took a similar hit, slipping back below the US$50 per ounce level.

The drops have been attributed to factors like a stronger US dollar and lower US-China tensions, as well as profit taking, potentially from traders who are new to the market.

Many experts have been anticipating a correction for the metals — their latest rise has been quick, and no asset can go straight up forever.

However, there’s also a broad consensus that gold has entered a new phase. For example, Patrick Tuohy of Goldstrom believes gold won’t fall below US$3,000 again.

Here’s what Tuohy said:

‘Is this a short-term phenomenon that’s going to have some some dynamics that are going to turn it on its head and it reverses 50, 60 percent? I don’t believe that is the case. I think within our group … the consensus is that it’s unlikely that we’ll see gold below US$3,000 again in our lifetimes. So let’s say that that’s the floor. That’s a fairly significant move from where we were two years ago. So that’s comfortable.’

Next week, all eyes will be on the US Federal Reserve, which is set to meet from October 28 to 29. CME Group’s (NASDAQ:CME) FedWatch tool shows strong expectations for another interest rate cut.

While the release of US government data has been affected by the ongoing shutdown, September consumer price index numbers were released on Friday (October 24).

The report was the first major piece of federal economic data to come out since the shutdown began, and it has confirmed expectations of another rate reduction.

Bullet briefing — What’s next for gold and silver?

Gold and silver prices perked up to end the week, rising to the US$4,100 and US$48.60 levels, respectively. But with the metals still off from their all-time highs, investors are wondering what’s next.

Opinions vary, but I’ve pulled together a couple of quotes that illustrate what I’m hearing.

First is Ed Steer of Ed Steer’s Gold and Silver Digest. He’s well known for his commentary on the precious metals space, and he weighed in on what’s next for silver, saying that today really is different compared to the other times silver rose to the US$50 level.

Here’s how he explained it:

‘It’s irrelevant what the price is today. You look at the big picture, and look at the fact that the BRICS+ have become an absolutely awesome juggernaut, and it’s absolutely unstoppable. And as we shift from the west to the east, as this continues economically, financially, it’s impossible to say where this is going to end up.

‘But what we’re living right now is we’re living through a major, major shift in financial power, from one area of the world to another, and we’re going to be — they’re going to be writing about this 1,000 years from now. So we’re living through history.’

Next we have Don Durrett of GoldStockData.com. This interview is from the week before last, so it’s a little older, but definitely still relevant. I’ve kept thinking about a comment Durrett made about one way we can tell the gold cycle is still early. This is what he said:

The thing that really reveals how early we are is the stock market is only 2 percent from an all-time high. What in the world is the stock market doing at an all-time high and gold at an all-time high? Those are antagonistic. Gold is supposed to be a hedge against uncertainty. The stock market is supposed to show basically confidence.

And so if you have an all-time high, people should be confident. Everything’s fine. We don’t need this. But people are not confident. People have said this is the most scary bull market ever. Nobody really believes in it, right? … So the question is, who’s telling the truth? Is the stock market telling the truth at an all time high, or is it gold is telling the truth? Well, it’s pretty obvious that gold’s the one telling the truth.

In It To Win It interview

Finally, if you’d like to hear more from me, I was recently interviewed by Steve Barton of In It To Win It.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Ed Steer of Ed Steer’s Gold and Silver Digest shares his thoughts on silver’s run past US$50 per ounce, saying that in his view the bull market is just getting started.

‘One way or another we’re going to run into a supply/demand brick wall, and when that day happens we could see triple-digit silver prices in a very, very short period of time,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

This week began on a strong note, with emerging signs that US-China tensions could ease and White House Economic Advisor Kevin Hassett’s suggestion that the federal government shutdown could soon end.

US stocks rallied broadly, led by small caps and semiconductors, with the PHLX Semiconductor Sector (INDEXNASDAQ:SOX) hitting an all-time high amid reduced concerns about regional bank credit quality.

On Tuesday (October 21), hotter-than-expected Canadian inflation data weighed on the S&P/TSX Composite Index (INDEXTSI:OSPTX), while the Nasdaq Composite (INDEXNASDAQ:.IXIC) outperformed.

Wednesday (October 22) saw profit taking in high-growth names as Tesla (NASDAQ:TSLA) and IBM (NYSE:IBM) reported after the bell, and as reports of potential new US export curbs on China pressured equities.

IBM beat revenue forecasts with US$9.5 billion in artificial intelligence (AI) revenue, but offered cautious guidance, leading its share price to fall after-hours. Tesla missed revenue estimates, with margins falling to 5.8 percent due to price cuts and reduced regulatory credits, despite record deliveries. CEO Elon Musk reiterated medium-term goals in AI, autonomy and robotics, though the firm didn’t update its financial guidance. Tesla shares also dropped after hours.

Despite the pullback, the tech sector rebounded sharply on Thursday (October 23), driven by optimism about AI and cloud infrastructure. Quantum computing companies such as IonQ (NASDAQ:IONQ), Rigetti Computing (NASDAQ:RGTI) and D-Wave Quantum (NYSE:QBTS) surged on reports of increased US government funding.

North of the border, Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled a C$3 billion joint investment in small modular reactors at the Darlington site, located east of Toronto in Bowmanville.

Later, Intel (NASDAQ:INTC) surpassed expectations with a 3 percent year-on-year revenue increase, reaching US$13.7 billion, with gross margins doubling to 38 percent. The demand for AI accelerators and x86 processors contributed to these strong results. CEO Lip-Bu Tan expressed confidence in continuing AI-driven compute demand.

Following the announcement, shares rose and opened nearly 5 percent higher the next day.

Intel’s standout earnings boosted sentiment heading into Friday. Markets opened higher after delayed US inflation data came in cooler than expected, showing easing underlying pressures and reinforcing expectations for another Fed rate cut next week. Tech stocks led the advance once again.

3 tech stocks that moved markets this week

1. Micron Technology (NASDAQ:MU)

Micron Technology shares rose 4.46 percent this week, hitting a record high above US$214 on Monday (October 20) after analysts at Barclays (NYSE:BCS) raised their price target from US$195 to US$240, citing robust earnings and margin expansion as signs of operational strength. The company has reported surging demand for its high-bandwidth memory chips, with supply fully sold out through 2026. Other semiconductor stocks, such as ON Semiconductor (NASDAQ:ON) and KLA (NASDAQ:KLAC), also gained, reflecting broad semiconductor strength.

2. Apple (NASDAQ:AAPL)

Apple’s share price is up 2.7 percent for the week, boosted by an overall bullish sentiment for high-value tech stocks, as well as momentum from strong M5 MacBook demand and solid sales of the iPhone 17 in the US and China.

CEO Tim Cook later announced the opening of the company’s Texas manufacturing facility on Thursday, two months ahead of schedule, further boosting sentiment.

3. NVIDIA (NASDAQ:NVDA)

Top AI stock NVIDIA saw gains of 1.67 percent this week following a joint announcement with Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The companies said the first Blackwell wafer has been produced in the US at Taiwan Semiconductor’s semiconductor fab in Phoenix.

It is the first of its kind to be domestically manufactured in recent American history.

NVIDIA remains the bellwether for the AI sector, and its share price performance is widely regarded as a barometer for risk-on sentiment in the AI and tech sectors, with its share price movements often reflecting investor appetite for growth and optimism about the future of AI-driven innovation.

Micron Technology, NVIDIA and Apple performance, October 21 to 24, 2025.

Micron Technology, NVIDIA and Apple performance, October 21 to 24, 2025.

Chart via Google Finance.

Tech ETF performance

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.83 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly gain of 1.91 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) increased by 1.59 percent.

Other tech market news

  • Amazon Web Services experienced a major outage this week, raising concerns about cloud infrastructure resilience and spotlighting the critical dependency on hyperscale providers.

        Tech news to watch next week

        Next week, investors will be eyeing interest rate decisions from the Bank of Canada and the US Federal Reserve. The Bank of Canada is expected to hold rates steady, reflecting ongoing cautiousness amid cooling inflation, while US investors are betting on a rate cut from the the country’s central bank.

        Earnings results from tech giants will also be closely watched, with Alphabet (NASDAQ:GOOGL), Microsoft and Meta reporting on Wednesday (October 29), and Apple and Amazon on Thursday (October 30).

        Strong beats or cautious guidance from these heavyweight companies could either boost confidence in the tech sector’s growth trajectory or temper enthusiasm in the final quarter of 2025.

        Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) announces that the Company has submitted its formal application for conditional approval of the previously announced $6-million financing with a single institutional investor. The Company is now awaiting conditional approval from the TSX Venture Exchange.

        The Company also reports, that further to its October 6, 2025, news release, the Company is oversubscribed for its $3-million unit private placement at $1.00. This financing will close after the above financing, as several subscribers have requested that the closing of the $6-million institutional financing be a precedent, and so the Company has requested and received approval from the TSX Venture Exchange to extend the closing of that financing for a standard 30-day period to November 24, 2025.

        Both financings are anticipated to close in the immediate term, subject to TSX-V approval.

        On behalf of the Board of Directors of
        Homerun Resources Inc.

        ‘Brian Leeners’

        Brian Leeners, CEO & Director
        brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

        Tyler Muir, Investor Relations
        info@homerunresources.com / +1 306-690-8886 (WhatsApp)

        FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
        The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

        Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

        Corporate Logo

        To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271921

        News Provided by Newsfile via QuoteMedia

        This post appeared first on investingnews.com

        President Donald Trump is heading off to Asia Friday evening, not long after North Korea fired off a ballistic missile for the first time in months and as questions loom regarding trade negotiations with China.

        The White House confirmed that Trump will meet with Chinese President Xi Jinping Thursday during the Asia-Pacific Economic Cooperation (APEC) Summit.

        The meeting comes amid escalated tensions between the two countries on trade after Beijing announced Oct. 9 it would impose export controls on rare-earth magnets, which are used in a host of products ranging from electric cars to F-35 fighter jets. In response, Trump announced the U.S. would impose a new 100% tariff on all Chinese goods, which is slated to take effect Nov. 1.

        Even so, Trump sought to diffuse tensions and has routinely touted his relationship with Xi in recent weeks. Additionally, he has voiced confidence both parties will walk away from the summit pleased and that a deal will be made.

        ‘I think we are going to come out very well, and everyone’s going to be very happy,’ Trump said Thursday.

        The summit between Trump and Xi will mark the first time they’ve met in person since Trump took office in January. The two previously met in person in June 2019 in Japan.

        Trump’s meeting with Xi will come on the tail end of a larger trip to the region. Trump is first headed to Malaysia to meet with Malaysian Prime Minister Anwar Ibrahim Sunday afternoon before participating in the Association of Southeast Asian Nations (ASEAN) dinner in the evening.

        While in Malaysia, he will also meet with Cambodian Prime Minister Hun Manet and Thai Prime Minister Anutin Charnvirakul.

        Trump will then head to Tokyo Monday and is slated to meet on Tuesday with Japanese Prime Minister Sanae Takaichi, who was just elected earlier in October. Takaichi is the first woman to serve as the prime minister of Japan.

        Trump will then close out his trip heading to South Korea, where he will meet with the South Korean President Lee Jae Myung and will deliver keynote remarks at the APEC CEO lunch.

        Trump is scheduled to return to Washington Thursday.

        Meanwhile, North Korea has upped its aggression in recent days, firing off multiple short-range ballistic missiles Wednesday, the first one Pyongyang has launched since May. Meanwhile, North Korean Leader Kim Jong Un showed off a new intercontinental ballistic missile at a military parade in front of Chinese, Russian and other top officials Oct. 10.

        ‘We are aware of the DPRK’s multiple ballistic missile launches and are consulting closely with the Republic of Korea and Japan, as well as other regional allies and partners,’ U.S. Indo-Pacific Command (INDOPACOM) said in a statement on Wednesday.

        ‘The United States condemns these actions and calls on the DPRK to refrain from further unlawful and destabilizing acts,’ INDOPACOM said. ‘While we have assessed that this event does not pose an immediate threat to U.S. personnel, or territory or to our allies, we continue to monitor the situation.’

        The Associated Press contributed to this report.


        This post appeared first on FOX NEWS

        Canadian company PMET Resources (ASX:PMT, TSX:PMET, OTCQX:PMETF) has completed a lithium-only feasibility study on the CV5 deposit of its Shaakichiuwaanaan lithium project in Northern Quebec.

        The company said that the feasibility study confirms that the project is a large-scale and lifelong operation, with CV5’s maiden reserve updated to 84.3 million tonnes (Mt) at 1.26 percent lithium oxide or about 2.62 Mt lithium carbonate equivalent (LCE) in probable reserves.

        Results also show that there is still potential to upgrade and expand resources at CV5 and its nearby CV13 deposit, which currently hold a total resource of 108.0 million tonnes at 1.40 percent indicated and 33.4 at 1.33 percent inferred.

        “Our large scale and long-life project is ideally suited to support the emerging American, European, and Asian lithium raw materials supply chains,” commented CEO and President Ken Brinsden.

        “There are very few projects of this size & scale, quality, and low production cost that can assist in underwriting the expected capital investment supporting new supply chains and demand growth in western markets.”

        Located in Quebec’s Eeyou Istchee James Bay region, Shaakichiuwaanaan is recognised as the largest lithium pegmatite mineral resource in the Americas.

        It is also among the largest lithium mines in the world, with potential to become the second largest following the Greenbushes lithium operations in Western Australia.

        Greenbushes is owned by Albemarle (NYSE:ALB) and was recorded with an estimated 0.21 metric tonnes per annum lithium production in 2023.

        PMET is targeting a final investment decision for Shaakichiuwaanaan for the second half of 2027, hoping that “the overall market supply-demand balance tightens over the coming years.”

        Researchers found that the project can have an annual production of up to 800,000 tonnes of lithium-rich rock, along with pollucite, tantalite, and cesium.

        Brinsden said that about 20 percent of the jobs created at Shaakichiuwaanaan will be allotted to workers at the Cree territory.

        PMET Resources was formerly Patriot Battery Metals. The company officially changed its name in September.

        Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Sen. Ted Cruz, R-Texas, announced after a contentious nomination hearing Thursday that he would not support the Trump administration’s pick for ambassador to Kuwait.

        Among other areas of concern, Cruz expressed alarm over Amer Ghalib’s refusal to outright condemn the Muslim Brotherhood, a group Cruz believes works against the geopolitical interests of the United States.

        ‘The Muslim Brotherhood is a global terrorist organization,’ Cruz said in a post on X. ‘Amer Ghalib refers to them as an inspiration. That is in opposition to President Trump and is disqualifying. I cannot support his confirmation for the Ambassador to Kuwait.’ 

        Ghalib, the mayor of Hamtramck, Mich., sparred with Cruz and other members of the Senate earlier that day, clashing with several lawmakers over issues like the United States’ relationship with Israel, comments he had made about the war in Gaza and more.

        According to the Department of State, Ghalib was born and raised in Yemen before coming to the United States at age 17. After working full-time in an auto parts factory, he attended the Ross University School of Medicine from 2006-2011 and went on to work as a healthcare professional at the Hamtramck Medical Group until his entry into politics. 

        Ghalib made news when he was elected as mayor in 2021, becoming the first Muslim to fill the role. In that capacity, he endorsed Donald Trump for president in 2023.

        ‘Mr. Ghalib’s journey began as a farmer in Yemen, then as an autoworker in the United States, a healthcare professional, and then as an elected mayor of his city. His multicultural experience, deep regional knowledge and demonstrated success as a politician, leader and community organizer, make him a well-qualified candidate to serve as U.S. Ambassador to the State of Kuwait,’ the State Department wrote in its summary of the administration’s nominee. 

        On Thursday, when asked by Cruz if he still considered Saddam Hussein, the former president of Iraq, a martyr, Ghalib initially skirted the question.

        ‘I was a private citizen in 2020,’ Ghalib answered, referring to the timing of a social media post when he had given that description.

        ‘I’m just asking your views. I asked you about today. Do you continue to believe that Saddam Hussein is a martyr today?’ Cruz asked again.

        ‘I don’t think that — there’s no doubt that Saddam was a dictator. I mean, I can say no. It wouldn’t matter. He’s in God’s hands; he’s going to get the treatment he deserves,’ Ghalib said. 

        Hussein served as president from 1979 until his government was overthrown in the 2003 U.S. invasion of Iraq. In the aftermath, an Iraqi tribunal found him guilty of willful killing, illegal imprisonment, deportation and torture, among other abuses. He was hanged on Dec. 30, 2006.

        Ghalib and the Hamtramck City Council entered the spotlight in 2024 when the city voted unanimously to approve a resolution that, in response to the war in Gaza, required the city to avoid investing in Israeli companies. Citing that resolution, Cruz and other senators expressed reservations that Ghalib would be able to faithfully carry out positions held by the administration. especially if it were to designate the Muslim Brotherhood a terrorist organization or other policy issues that could conflict with Ghalib’s personal views on the Middle East. 

        Those hesitations stretched across the aisle.

        ‘You liked a Facebook comment comparing Jews to monkeys,’ Sen. Jacky Rosen, D-Nev., said. ‘You characterized leaders you don’t like as becoming ‘Jewish.’ As mayor, you failed to comment after one of your political appointees called the Holocaust ‘advance punishment’ for the War in Gaza, and you denied that Hamas used sexual violence as a weapon of war on Oct. 7.’ 

        Ghalib did not deny authoring the posts. Instead, he defended himself by arguing that his comments had been taken out of context or that lawmakers had selectively misconstrued his actions. In response to Rosen’s remarks about liking a post comparing Jewish people to monkeys, Ghalib said that he had made it a practice to interact with all social media comments left on his page as a form of acknowledgment. He said those views did not reflect his positions. 

        ‘I think a lot of my posts were written in Arabic and mistranslated,’ Ghalib said in response to further questioning about some of the posts he had made himself.

        The State Department and Ghalib’s office did not immediately respond to requests for comment.

        Rosen and other senators did not seem moved by Ghalib’s explanations.

        ‘That is beyond the pale. I will not be supporting your nomination,’ Rosen said. ‘And if you are confirmed — I want you to remember this, sir: You will be an ambassador for the United States of America. And, thus, as ambassador, we must show respect to everyone. We will be watching to see if that happens.’ 

        No date has been set for a final vote on Ghalib’s nomination. 


        This post appeared first on FOX NEWS

        The White House pushed back on reports claiming President Donald Trump will likely name the upcoming White House ballroom after himself, saying any name designation for the event space will come directly from the president. 

        ‘Any announcement made on the name of the ballroom will come directly from President Trump himself, and not through anonymous and unnamed sources,’ White House spokesman Davis Ingle told Fox News Digital Friday. 

        Reports spread like wildfire Friday afternoon that Trump planned to name the ballroom after himself, with ABC News publishing a report that administration officials were reportedly already calling the project ‘The President Donald J. Trump Ballroom.’

        ‘I won’t get into that now,’ Trump told ABC News Thursday when asked about a potential name, the outlet noted. 

        Trump announced Monday that construction had begun on the ballroom, after months of Trump touting the upcoming project to modernize the White House. The project does not cost taxpayers and is privately funded, the administration has repeatedly said. 

        ‘For more than 150 years, every President has dreamt about having a Ballroom at the White House to accommodate people for grand parties, State Visits, etc. I am honored to be the first President to finally get this much-needed project underway — with zero cost to the American Taxpayer!’ Trump posted to Truth Social on Monday. ‘The White House Ballroom is being privately funded by many generous Patriots, Great American Companies, and, yours truly. This Ballroom will be happily used for Generations to come!’

        The ballroom’s official construction set off a firestorm of criticisms among Democrats who have characterized Trump as destroying the iconic American residence. 

        ‘Oh you’re trying to say the cost of living is skyrocketing? Donald Trump can’t hear you over the sound of bulldozers demolishing a wing of the White House to build a new grand ballroom,’ Democratic Massachusetts Sen. Elizabeth Warren posted to X in response to Trump’s Monday announcement.

        ‘The White House became my home when I was twelve years old. I always understood that it wasn’t my ‘house’; it was The People’s House,’ former first daughter Chelsea Clinton posted to X. ‘The erasure of the East Wing isn’t just about marble or plaster — it’s about President Trump again taking a wrecking ball to our heritage, while targeting our democracy, and the rule-of-law.’

        ‘I wanted to share this photo of my family standing by a historic part of the White House that was just torn down today by Trump,’ New Jersey Sen. Andy Kim posted to X Monday. ‘We didn’t need a billionaire-funded ballroom to celebrate America. Disgusting what Trump is doing.’

        The Trump administration has repeatedly hit back at the criticisms, including White House press secretary Karoline Leavitt saying on Fox News that presidents historically have wanted a large entertaining space at 1600 Pennsylvania Ave. 

        ‘Nearly every single president who’s lived in this beautiful White House behind me has made modernizations and renovations of their own,’ Leavitt said on Fox News’ ‘Jesse Watters Primetime’ Tuesday. ‘In fact, presidents for decades — in modern times — have joked about how they wished they had a larger event space here at the White House, something that could hold hundreds more people than the current East Room and State Dining Room.’

        ‘President Obama even complained that, during his tenure, he had to hold a state dinner on the South Lawn and rent a very expensive tent.’


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        Here’s a quick recap of the crypto landscape for Friday (October 24) as of 5:00 p.m. UTC.

        Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

        Bitcoin and Ether price update

        Bitcoin (BTC) was priced at US$110,271, a 0.8 percent decrease in 24 hours. Its lowest valuation of the day was US$109,478, and its highest was US$111,658.

        Bitcoin price performance, October 24, 2025

        Bitcoin price performance, October 24, 2025

        Chart via TradingView

        Bitcoin’s medium-sized investors are continuing to buy even after the US$19 billion liquidation event earlier this month, preserving the market’s long-term bullish structure, according to CryptoQuant.

        Entities holding between 100 and 1,000 BTC have added roughly 907,000 BTC over the past year, which analysts say represents a strong accumulation trend that historically aligns with upward price momentum.

        However, CryptoQuant warned that short-term demand is softening as the cohort’s 30-day balance has fallen below its moving average, suggesting potential near-term caution until a catalyst, such as renewed ETF inflows, emerges.

        Meanwhile, Ether (ETH) was priced at US$3,888.22, a 0.7 percent decrease in 24 hours. Its lowest valuation of the day was US$3,824.85, and its highest was US$3,994.25.

        Altcoin price update

        • Solana (SOL) was priced at US$190.41, down by 0.8 percent over the last 24 hours. Its lowest valuation of the day was US$188.87, and its highest was US$194.57.
        • XRP was trading for US$2.48, an increase of 2.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.38, while its highest was US$2.51.

        Crypto derivatives and market indicators

        Bitcoin derivatives metrics indicate a complex market environment with mixed signals.

        Bitcoin liquidations have totaled approximately US$12.4 million in the last four hours, with long positions making up the majority, indicating selling pressure from a long squeeze and short-term bearish momentum. Ether liquidations show a similar pattern, totaling US$18.49 million during the period, the majority of which were also long positions.

        Futures open interest for Bitcoin has increased by about 1.7 percent to roughly US$71.35 billion, showing modestly higher positioning after the recent flush. Ether futures open interest was essentially unchanged at around US$45.80 billion.

        Fear and Greed Index snapshot

        CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

        CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

        Chart via CoinMarketCap

        CMC’s Crypto Fear & Greed Index has slightly trended upwards into 32 but remains in fear territory, an improvement from this week’s lowest score (25).

        Today’s crypto news to know

        Trump pardons Binance founder

        US President Donald Trump has granted a full pardon to Binance founder Changpeng Zhao, wiping away his 2024 conviction for violating US anti–money laundering laws.

        Zhao, better known as “CZ,” served four months in prison and had been barred from running financial ventures under the plea deal.

        The move follows months of lobbying by Binance, which paid a record US$4.3 billion fine as part of its own settlement with federal prosecutors. White House Press Secretary Karoline Leavitt called the case “a politically motivated overreach by the Biden administration,” insisting the pardon was meant to correct an injustice.

        Critics argue the decision reflects Trump’s growing financial ties to the crypto industry, citing his personal investments and recent push for a “national cryptocurrency reserve.”

        Zhao thanked Trump on social media, saying he was “deeply grateful” for the decision and eager to “continue supporting innovation responsibly.”

        JPMorgan to let institutions borrow against Bitcoin, Ethereum holdings

        JPMorgan Chase & Co. (NYSE:JPM) is preparing to let institutional clients borrow cash using Bitcoin and Ethereum as collateral.

        Set to launch by the end of 2025, the initiative will allow clients to pledge crypto directly rather than through ETFs, using a third-party custodian to safeguard tokens. The pilot follows successful internal testing involving BlackRock’s iShares Bitcoin Trust earlier this year.

        JPMorgan already accepts crypto-linked ETFs as loan collateral and integrates blockchain tools into its commercial lending network.

        Polymarket confirms POLY Token launch after US$2B investment surge

        Prediction platform Polymarket has confirmed plans to launch its long-awaited POLY token following a massive US$2 billion investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.

        Speaking on the Degenz Live podcast, Chief Marketing Officer Matthew Modabber said both the token and airdrop are “officially in motion,” confirming rumors that have swirled for months.

        Modabber emphasized that the launch will prioritize real utility and “long-term viability,” aligning with Polymarket’s push to relaunch its US app after receiving fresh regulatory clearance.

        Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

        Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com