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Good morning.
Bitcoin’s price can’t stop falling. Is the crypto run over vs. stocks?
That might not even be the right question.
Today, we look at the thoughts of one of crypto’s brightest (and most controversial) minds on what has changed about the current market cycle, and how crypto isn’t correlated to stocks anymore.
Meanwhile, Nvidia just made an investment that everyone else in the world would want to make.
And Trump just created a major roadblock for startups in the form of $100,000 H-1B visa applications.
Let’s take a look.
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📰 Market Headlines
Markets closed at record highs Monday, with all three major indexes logging their third straight all-time finish.
The Dow went up 0.2%, the S&P 500 increased by 0.5%, and the Nasdaq added 0.7%.
Is the crypto bull market toast? Reality might not be so simple. Ansem, one of the most popular and successful crypto analysts on X, thinks the old form of crypto bull runs (fueled purely by speculation) is dead, and that only tokens and companies that earn real revenue (Solana, Hyperliquid) will succeed in the future. According to him, here’s the negative side:
Stocks going up does not mean crypto goes up anymore.
Stocks are more volatile than crypto right now (and thus more attractive)
We may have hit a short-term top already for crypto.
He doesn’t believe in 4-year cycles for crypto (but still believes in cycles generally)
But here are Ansem’s positive market thoughts:
We don’t need rate cuts for the bull run to take off again
“Stablecoins will extend USD dominance globally to levels never seen before”
“Good businesses and assets” will keep outperforming as investments
Blockchain tech will still be massively important as infrastructure for businesses moving forward
You can read his full argument here. Let us know your thoughts.
Nvidia announced a $100 billion investment in OpenAI, structured as non-voting shares and chip purchases. The pact includes at least 10 gigawatts of Nvidia systems, enough to power 8 million US homes, and may face antitrust scrutiny. Oracle gained 6% on its role in the broader AI buildout.
President Trump also slapped a $100,000 fee on new H-1B visa applications, up from $215. Amazon, Google, and Microsoft told foreign employees to avoid international travel, while Silicon Valley warned of a talent exodus.
Boeing secured an $8.5 billion order from Uzbekistan Airways for up to 22 Dreamliners, the largest commercial aircraft deal in Central Asia. The agreement was signed during the UN General Assembly and is expected to support 35,000 US jobs.
Kenvue stock swung sharply after President Trump linked Tylenol to autism. Shares fell 7.5% during the session, then rebounded 4.7% after the FDA said it would advise doctors to caution pregnant women against acetaminophen use.
😱 Fear and Greed Index
🪙 Crypto
Metaplanet became the fifth-largest corporate Bitcoin holder after buying 5,419 BTC for $632.53 million.
Deutsche Bank said Bitcoin could join gold on central bank balance sheets by 2030.
Nine House lawmakers pressed SEC Chairman Paul Atkins to implement President Trump’s executive order allowing crypto investments in 401(k) plans.
Rainbow wallet plans to launch its RNBW token by year-end, following MetaMask’s confirmation that a MASK token is in development.
🤫 Insider Trading
Alternative Investment of The Day
Source: Fundrise
The Fundrise Innovation Fund gives individual investors the opportunity to gain exposure to private tech companies without needing to be accredited.
The rundown: invest with as little as $10 in the Fundrise Innovation Fund to get exposure to companies like:
Databricks
Anthropic
Canva
ServiceTitan
Vanta
And more
It’s an opportunity to diversify your portfolio beyond stocks or real estate in a market that’s typically closed off to non-accredited investors.
You can read more about it here (and you should; always DYOR, and this is not financial advice:)
🚚 Market Movers
Heineken agreed to buy Florida Ice and Farm Company's beverage and retail businesses for $3.2 billion, gaining Costa Rica's century-old "Imperial" beer and expanding across Central America.
CVS Health's long-term care subsidiary, Omnicare, filed for Chapter 11 to address a $948.7 million civil judgment.
Spirit Airlines prepared to furlough 1,800 flight attendants, about one-third of its workforce, effective December 1, after filing for its second bankruptcy this year and cutting flight capacity by 25%.
🎙 What Do You Think?
Is crypto toast vs. stocks, or will it have another bull run in the next year?
🎤️ What you said last time
“I cashed a decent amount out yesterday, going to watch on the sidelines for a bit and tag back in when it feels right.”
🧠 The Missing (Market) Links
Jim Cramer thinks buying individual stocks is still worthwhile.
This CEO burned out in finance, then built a “personal trainer for your brain.”
Minneapolis families just got crushed: incomes plunged 19% in a single year.
Tired of “helpful” coworkers? A psychology expert revealed 5 killer phrases that shut down unsolicited advice instantly and protect your confidence.
📜 Quote of the Day
“The way to become rich is to put all your eggs in one basket and then watch that basket.”
📢 We want to hear from you
We love hearing from you, and we deeply appreciate your feedback.
⭐️ What did you think of today's edition?
That’s all for today. Did we miss anything? Smash the reply button to let me know.
Cheers,
Brandon & Blake of Invested Inc
Thumbnail image: Maurizio Pesce, Flickr
The information provided in Stocks & Income is for informational and educational purposes only and should not be construed as financial advice, investment advice, or a recommendation to buy or sell any securities. Stocks & Income is not a registered investment advisor, broker-dealer, or licensed financial planner. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We may hold positions in or receive compensation from the companies or products mentioned. Disclosures will be made where applicable.