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.

This week is crucial for the US stock market as major companies like MicroStrategy (MSTR) and Apple (AAPL) prepare to announce their earnings. Following the recent earnings reports from Meta, Google, and Microsoft, investors are keenly watching these developments. The outcomes could significantly influence market trends and investor sentiment, making it a pivotal moment for both tech and cryptocurrency sectors.

Coinbase's upcoming earnings call has generated excitement around its Base token, an Ethereum Layer-2 solution that has gained significant attention for its speed and low costs. As rumors swirl about the potential launch of a new token, Wall Street is starting to take notice, which could signal a pivotal moment for the crypto market. This development matters because it highlights the growing interest in innovative blockchain solutions and could lead to increased investment and adoption in the cryptocurrency space.

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.

A Chinese man named Liang Ai-Bing was arrested in Bangkok for allegedly running a Ponzi scheme that defrauded investors of over $14 million. This incident highlights the growing concerns around cryptocurrency-related crimes, especially in regions where regulations are still developing. The case not only raises alarms about investor safety but also underscores the need for stronger oversight in the crypto market.

Bitcoin's recent performance has taken a hit, dropping nearly 4% in just 24 hours, despite the Federal Reserve's decision to cut interest rates. Analysts are now cautioning that the upcoming weekly close is critical for Bitcoin's short-term outlook. This decline raises concerns among investors, especially as it marks the first time in a week that Bitcoin has fallen below its local range low. The situation is particularly tense as Ethereum also prepares for significant market movements, indicating a volatile period ahead for cryptocurrencies.

Ethereum has recently dropped to $3.7K, but analysts from Santiment suggest that the low exchange supply combined with a rise in short positions could indicate a potential price rebound. This situation highlights the typical dynamics of market cycles and investor behavior, making it a crucial moment for traders and investors to watch.

AUSTRAC has taken action against a crypto ATM operator due to concerns over potential money laundering activities. This move highlights the increasing scrutiny on cryptocurrency operations and the need for compliance with financial regulations. As the crypto market continues to grow, regulatory bodies are stepping up efforts to ensure that these platforms do not facilitate illegal activities, which is crucial for maintaining trust and security in the financial system.

Coinbase has reported an impressive $1.9 billion in revenue for the third quarter, marking a 25% increase driven by robust retail and institutional trading activity. This surge reflects a significant rebound in the cryptocurrency market, showcasing Coinbase's effective strategy as it expands its 'Everything Exchange' vision. The company's focus on derivatives and stablecoins positions it well for future growth, making this news particularly relevant for investors and crypto enthusiasts alike.

Dogecoin has experienced a significant drop of 5.5%, breaking through the crucial support level of $0.1940 amid a spike in trading volume. This decline is concerning for investors as it indicates potential instability in the cryptocurrency market, raising questions about the future performance of Dogecoin and similar assets. Understanding these fluctuations is essential for anyone involved in cryptocurrency trading.