Trump is expected to appoint Jay Clayton as new AI czar: Reports

President Donald Trump is expected to appoint Jay Clayton, US director of national intelligence, as the new AI czar, CNN and other media reported Friday, citing unidentified sources.  Cointelegraph reported Sept. 20 that Trump planned to create an “AI Force” modeled after the Space Force and appoint an artificial intelligence czar. The president posted on Truth Social that his new project would manage the fast-growing AI sector without adding regulations that could slow innovation.  Trumps actions followed several public warnings about the potential dangers of AI.  Cointelegraph reported on Sept. 12 that Anthropic CEO Dario Amodei had written a three-step proposal to pace the speed of AI development that if left unchecked, might “outrun our ability to understand and control these systems.”  Anthropic chief urges slowdown in AI development to safer pace  Subsequently, Anthropic said it had chosen Accenture as an embedded evaluator to help moderate the pace of AI development, moving ahead with the first step outlined in Amodeis proposal, Cointelegraph said.  OpenAI CEO Sam Altman and SpaceX CEO Elon Musk responded positively to Amodeis proposal, although Nvidia CEO Jensen Huang did not, arguing that such regulation was not necessary.  On Tuesday, Trump gathered AI and technology chiefs at the White House to sign a new

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Plunging GPU prices threaten AI hosts, and new hedges step in

Companies building AI applications can rent powerful computers instead of buying the equipment themselves, paying for access to the graphics processing units, or GPUs, that run their software.  Related Asset Bitcoin #1 BTC · $84,851.68 24-hour change: down 0.47% Loading price history… 24H Down 0.47% 7D Up 0.85% 30D Up 4.37%  Lower rental prices make those applications cheaper to operate, but they can also make life harder for the company that bought the machines and needs the rent to pay its debts.  If youve financed a room full of GPUs assuming customers will pay a certain hourly rate, a cheaper competitor can upset the calculation long before youve paid off the equipment. Your machines might still work perfectly, and demand for AI might still be strong, but the amount you earn from each hour could start falling below what the business needs.  Financial contracts could let you protect part of that income by arranging a payment when rental prices fall, in exchange for taking on your own obligations. Thats the basic idea behind AI compute derivatives, which let businesses trade their exposure to computing prices separately from renting the computers themselves.  Luxor, a company that provides services and financial products to Bitcoin miners, included these

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Crypto ETF flows split as Bitcoin gains $82.9m, Ethereum bleeds

U.S. Bitcoin ETFs recorded provisional net inflows of $82.9 million for Sep. 28–Oct. 2, while Ethereum ETFs posted $118 million in net outflows, according to Farside Investors. Bitcoins reported weekly intake fell sharply from $2.39 billion in the preceding week.  Farside Investors‘ data showed Bitcoin ETFs recording inflows on four of the five trading days. Wednesday’s withdrawals reduced the weekly total, while Thursdays intake was the largest positive session of the period.  Friday‘s figures remained incomplete when checked on Oct. 3. Farside showed blank entries for BlackRock’s IBIT, ETHA and ETHB, so the Bitcoin and Ethereum weekly totals remain provisional.  Bitcoin ETF inflows fall from $2.39 billion  Bitcoin funds opened the week with $31 million in net inflows on Monday, followed by $66.2 million on Tuesday. Wednesday brought $148.7 million in withdrawals before investors added $102.7 million on Thursday and a reported $31.7 million on Friday.  BlackRocks IBIT recorded $292 million in net inflows across Monday through Thursday. Its largest intake was $195.6 million on Oct. 1, following $9.5 million in withdrawals a day earlier.  Fidelity‘s FBTC posted $167.9 million in weekly net outflows, despite receiving $29.3 million on Friday. Bitwise’s BITB lost $38.6 million, while Grayscales GBTC recorded $54.6 million in withdrawals.  ARKB added $25.5 million

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Crypto VC funding: Jeeves raises $110m, World sells $49m

Crypto financing announcements from Sep. 26 through Oct. 2 included $178.6 million across four disclosed transactions, led by Jeeves $110 million equity round.  Summary$178.6 million was disclosed across four transactions, with two additional investments carrying undisclosed amounts.Jeeves raised $110 million in an equity round led by CoinFund.World Assets disclosed $49 million in WLD sales carrying a one-year lockup.Solana Company priced a $15 million registered direct offering with accompanying warrants.Jeeves and Walapay accounted for $114.6 million in disclosed funding for business payments platforms.  World Assets disclosed $49 million in private token sales, while Solana Company priced a $15 million share offering and Walapay raised $4.6 million. The disclosed subtotal includes token financing and a public company offering, alongside private equity funding. Raven and Grass also announced investments without disclosing the amounts.  Jeeves raises $110 million for stablecoin business payments  Jeeves announced its $110 million equity financing on Sep. 29, with CoinFund leading the round.  Investors included AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator.  The Miami-based company provides corporate cards, accounts payable, treasury payments and spending tools for businesses operating across several countries. Jeeves said its annualized card and payments volume exceeded $5 billion, including $1.5 billion settled through

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XRP to $2? Analyzing How Nasdaq Listing Could Impact Token Price

Next Thursday, October 8, 2026, trading in Evernorth shares under the ticker XRPN will begin on Nasdaq. The market is getting a new kind of player. This is not a passive ETF, but a fully fledged treasury ready to work directly with the Ripple and XRP Ledger ecosystem.  Evernorths financial foundation is 473 million XRP on its balance sheet. This is the largest legally held XRP pool among publicly traded companies worldwide. The merger with SPAC Armada II, approved by shareholders on September 30, attracted more than $1 billion in combined investments. Its anchor investors include Ripple, SBI Group, Pantera Capital, and the Kraken exchange.  Instead of freezing the assets, Evernorth will deploy the coins in DeFi protocols and arbitrage trades on the XRP Ledger.  The goal is to continuously increase the amount of net XRP held per XRPN share. For the tokens spot market, this means a large-scale withdrawal of liquidity from circulation. When large volumes move into a publicly traded companys treasury, a supply crunch emerges. If current demand holds, this becomes the main fundamental driver toward $2.  A coiled spring and a green October: What is happening with the price right now  The Nasdaq launch coincides with maximum tension on the price

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Citadel Says Wall Streets Biggest Buyers Are Ready to Reload Stocks in Q4

Small investors walked away from US stocks in September. Now the firm that handles about 35% of their trades says they are about to come back.  “September was the reset. Q4 is the reload,” Scott Rubner, a strategist at Citadel Securities, wrote to clients on Thursday.  The catch? The call lands as US hiring slows sharply, borrowing costs top 5%, and most stocks fell last month.  The Buyers Who Went Quiet  Retail share trading fell to 0.94 times its one-year average in September, the lowest of 2026, according to Bloomberg. That is 26% below Junes peak.  Retail trading has risen from September to October in each of the past four years, by about 8% on average.  Citadel says its time to reload on stocks ???? Dear God no!!!! ????  — Barchart (@Barchart) October 2, 2026  Companies are next. Most cannot buy back their own shares before earnings, and those windows reopen October 15.  Model-driven trading funds have cut their stock bets to the bottom fifth of their range since 2024.  Analysts expect S&P 500 earnings per share to jump 27% this quarter, and Goldman Sachs has dismissed talk of an S&P 500 earnings bubble.  S&P500 Earnings Per Share Growth in 2026  “The story in 2026 has not been a low bar. Expectations

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New SEC crypto rules threaten small advisers, but big firms win

The US Securities and Exchange Commissions proposed crypto custody fallback could broaden investment choices while making them easier for larger advisers to offer.  The agencys economic analysis says the expense of safeguarding assets and arranging independent oversight may lead smaller firms to decline to offer the service.  Approved on Oct. 1, the proposal would let advisers hold covered client crypto assets when an eligible custodian is unavailable, subject to safeguards. Table 8 models certain annual costs of $433,833 per adviser using that option.  That estimate includes an independent control report but leaves out some potentially significant technology costs.  For clients, the consequence could be that an asset might become available through an adviser with sufficient custody resources while remaining outside another advisers offering.  SEC Commissioner Hester Peirce distinguished adviser “self-custody” from investors holding their own assets. Here, an intermediary would hold clients key materials, potentially including a non-controlling portion. Clients would still depend on that intermediarys safeguards.  Related Person Hester Peirce Commissioner · U.S. SEC  For ordinary advisory clients, the adviser amendments concern crypto assets that are funds or securities, while the relevant scope for regulated-fund accounts is securities or similar investments.  What the annual estimate includes  The largest modeled annual component is the independent internal control report. The

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Nvidia Hits Record High, Wall Street Still Sees Up to 99% Upside

Nvidia stock finally broke through on October 2. Shares hit a new all-time intraday high of about $237.83, overtaking the previous May record.  The immediate catalyst came from Morgan Stanley. Analyst Joseph Moore restored Nvidia as the firms top semiconductor pick after meetings with CEO Jensen Huang and CFO Colette Kress.  Why Nvidia Stock Price Surged to a Record High  Morgan Stanley kept its Overweight rating and $300 price target, pointing to Nvidias new product cycle and growing demand from AI labs and agentic AI.  The wider market helped. A weaker-than-expected US jobs report pushed investors away from expectations for another near-term Federal Reserve rate hike. The Nasdaq also reached record territory.  Nvidia Stock Price This Week. Source: Yahoo Finance  Nvidia had another tailwind already in place. On September 28, the company added $150 billion to its share-buyback authorization, taking the remaining program to $235 billion.  Huang said the move reflected Nvidias “confidence in the long-term opportunity ahead.”  The striking part is that the record price remains below nearly every major Wall Street target.Wall Street firmPrice targetMorgan Stanley$300Goldman Sachs$300UBS$300Citi$315JPMorgan$320RBC Capital$330Wedbush$345Bank of America$350Cantor Fitzgerald$350Rosenblatt$390Bernstein$400Evercore ISI$465  Recent analyst actions support those targets.  Across 61 analysts tracked by S&P Global, Nvidia‘s average target is now $327.70. That implies roughly 40% upsidefrom Friday’s close.  That

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Netflix Stock Lost Nearly 50% of Its Value in a Year. Will It Keep Falling?

Netflix stock trades near $68, roughly half its June 2025 record of $134. Co-CEO Ted Sarandos admitted on Thursday that the streamer is growing more slowly than he wants.  Sarandos blames the slowdown largely on Netflixs own spending choices. However, a growing camp of investors sees a bigger threat in rivals with far deeper pockets.  Why is Netflix Stock Dropping?  Speaking at Bloombergs Screentime event in Los Angeles, Sarandos named live programming as a key drag on growth.  “Overall, were not growing as fast as I want us to… We are, though, also doing things that create a lot of headwind.”  Ted Sarandos, co-CEO of Netflix, via Yahoo  Live events absorb about 5% of Netflixs $20 billion annual content budget. Yet they generate only around 1% of total viewing hours.  Overall viewership rose just 2% year over year in the first half of 2026.  Netflix $NFLX co-CEO Ted Sarandos says the company “isnt growing as fast as I want us to.”  “We are, though, also doing things that create a lot of headwind to that number.”  Live programming uses 5% of Netflixs $20B content budget but drives only 1% of viewing.  — Wall St Engine (@wallstengine) October 1, 2026  Not everyone accepts that explanation. Investor Stock Market Nerd argued that live content

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Blast shuts down $20M layer-2 network, forcing Oct. 26 exit deadline

Ethereum layer-2 network built around native yield Blast said on Oct. 2 that it will shut down because maintaining the chain costs more than it earns.  Related Asset Blast #751 BLAST · $0.00026 24-hour change: down 37.15% Loading price history… 24H Down 37.15% 7D Down 47.25% 30D Down 10.13%  The project asked users to move their assets to Ethereum mainnet by Oct. 26 to withdraw through its normal interface.  Blast said in its shutdown announcement that it sees no credible path to making the network economically sustainable. It plans to wind down the chain through an asset withdrawal process that will temporarily interrupt users ability to exit.  The decision comes nearly three years after Blast disclosed $20 million in funding from Paradigm and Standard Crypto on Nov. 20, 2023. The network opened early access that November, with a mainnet launch then planned for February 2024.  Related Asset Ethereum ETH · $2,666.75 24-hour change: down 1.25%  Its documented design describes an Ethereum-compatible optimistic rollup that passes yield from ETH staking and real-world-asset protocols to users. The website identifies Lido and MakerDAO as yield sources and lists additional investors among Blasts backers.  Related Company Paradigm A crypto/Web3 investment firm.  The yield model was intended to let holders benefit from returns

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