MACRO & FED
Hollywood Reporter
07 Oct 2026 · 16:30
Skydance Adds Laurene Powell Jobs and Bobby Kotick to Board
David Ellison has secured two very high-profile additions to the board of directors for his newly-formed entertainment company Skydance. Investor and philanthropist Laurene Powell Jobs and former Activision Blizzard CEO Bobby Kotick have joined …
David Ellison has secured two very high-profile additions to the board of directors for his newly-formed entertainment company Skydance.
Investor and philanthropist Laurene Powell Jobs and former Activision Blizzard CEO Bobby Kotick have joined the company’s board, Skydance disclosed in a securities filing. Former U.K. Prime Minister Tony Blair will become a board adviser.
They join a company that was formed Tuesday in Paramount’s acquisition of Warner Bros. Discovery.
“I am delighted to welcome Laurene and Bobby to our Board and honored to have Tony join us as an Advisor,” Ellison said in a statement. “Laurene is a true visionary and one of the great institution builders of our time. Her vision, judgment and unwavering commitment to high-quality journalism and media investments make her a truly exceptional addition to our Board. Through Emerson Collective, she pioneered an innovative model that brings together venture investing and philanthropy to tackle society’s most complex challenges, and she has an extraordinary gift for recognizing bold ideas early and turning them into lasting impact.”
Ellison continued: “Bobby led a global entertainment company through three decades of sustained growth, and he brings real perspective on building enduring franchises and connecting with fans. His record of pairing bold strategic moves with disciplined capital allocation is exactly the experience we need as we bring our businesses together. Tony has led at the highest levels of government, respected for his intellect, strategic vision and ability to bring people together around bold, forward-looking ideas. His global perspective and insight will be invaluable as we turn ambition into results.”
The mogul added: “Together with our other directors, they bring the experience and fresh perspectives we need to build Skydance into an extraordinary company, one that honors the legacies of Paramount and Warner Bros. Discovery while setting a bold course for the future. United by a commitment to creative excellence, innovation and long-term shareholder value, this Board will help us empower our teams, strengthen our businesses and deliver exceptional entertainment to audiences around the world.”
Skydance’s board will include:
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:30
Institutional capital is flowing into crypto, and Hyperliquid is capturing allocators’ attention
This article examines how recent events may relate to prediction market pricing. It reflects interpretive analysis of publicly available information and is provided for informational purposes only. Markets will be observing any announcements of …
This article examines how recent events may relate to prediction market pricing. It reflects interpretive analysis of publicly available information and is provided for informational purposes only.
Markets will be observing any announcements of new partnerships or technological advancements from Hyperliquid, which could further influence its market valuation. Additionally, Grayscale’s product performance and any changes in custody or regulatory status could impact market sentiment. Monitoring the derivatives open interest levels and any subsequent large institutional transactions will provide further insight into investor confidence and potential price movements.
Institutional capital is reportedly moving into the cryptocurrency sector, with Hyperliquid emerging as a noteworthy point of interest. Hyperliquid, a decentralized perpetual-futures protocol, has attracted attention following reports of a substantial over-the-counter sale of its native token, HYPE, to an institutional buyer. The sale involved 3.75 million HYPE, valued at approximately $337 million, bypassing public exchanges. This development coincides with Hyperliquid’s derivatives open interest nearing $14.3 billion, a sign of its market recovery post the October 2025 crash. Grayscale, which operates a regulated Hyperliquid product, has expanded its custody arrangements to include BitGo, further indicating institutional confidence in the platform.
Disclaimer
This article contains analysis of publicly available information and market data and is for informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any asset or contract.
Content may include AI-assisted interpretation and may be incomplete or subject to change. Market conditions may evolve rapidly, and the timing of information may affect how it is interpreted.
Market participants may act on similar information at or around the time it becomes available. You are solely responsible for any decisions made based on this content.
For additional details, please review our full Disclaimer & Risk Disclosure.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:30
A16z: Top 1% of AI spenders surpass bottom 50% combined
Andreessen Horowitz (a16z) has identified a significant disparity in AI spending, with the top 1% of spenders surpassing the combined expenditure of the bottom 50%. This finding is part of a16z’s latest report on …
Andreessen Horowitz (a16z) has identified a significant disparity in AI spending, with the top 1% of spenders surpassing the combined expenditure of the bottom 50%. This finding is part of a16z’s latest report on Gen AI consumer applications, which utilizes U.S. consumer-card data. The report highlights that high spenders are investing heavily in tools for building, automating, and deploying AI applications, pointing to a concentration of resources among a small group of technology leaders. These insights could potentially impact market perceptions of AI-focused companies like Anthropic, although the report itself does not provide direct evidence of new funding or partnerships.
Key Takeaways
A16z’s report appears to illustrate a concentration of AI spending among the top 1% of consumers, suggesting a significant gap with the bottom 50%.
The spending patterns identified by a16z may indicate strong demand for AI tools related to coding, automation, productivity, and creativity.
Market pricing implies that such spending trends could influence investor sentiment towards AI companies, though concrete impacts on firms like Anthropic are not directly evidenced.
What to Watch
Anthropic’s valuation markets, such as those on Polymarket, may react to shifting investor sentiment driven by reports like a16z’s. Observers could look for announcements from Anthropic regarding new funding rounds, strategic partnerships, or product advancements that would align with YES scenarios in valuation markets. Key actors include Anthropic’s leadership and major investors like Amazon and Google, whose actions might provide further indication consistent with significant valuation increases.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:15
Anthropic delays IPO to November, eyes $2T valuation
Anthropic, the company behind the Claude AI chatbot, has postponed its initial public offering (IPO) to November, with investors closely watching for a valuation that could reach $2 trillion. The decision to delay comes …
Anthropic, the company behind the Claude AI chatbot, has postponed its initial public offering (IPO) to November, with investors closely watching for a valuation that could reach $2 trillion. The decision to delay comes as the firm prepares to transition from private to public markets, a move that could test investor appetite for a leading AI firm. Despite the shift in timing, Anthropic remains one of the most anticipated IPOs, with its last funding round in May valuing the company at $965 billion. The upcoming IPO could raise up to $100 billion, potentially marking a significant increase in market valuation.
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The delay in the IPO appears to have introduced some uncertainty in market predictions regarding Anthropic’s market cap at the close of its IPO day. Current prediction markets suggest a variety of outcomes, with the likelihood of the market cap being below $1.25 trillion remaining low. However, there is notable interest in higher valuation brackets, reflecting expectations of a strong debut. The adjustment in IPO timing may indicate strategic considerations by Anthropic to optimize market conditions and investor reception.
Key Takeaways
The delay of Anthropic’s IPO to November suggests potential challenges in meeting investor expectations, potentially affecting market cap predictions.
Market pricing indicates low probability for Anthropic’s market cap to be less than $1.25 trillion at IPO close, with interest in higher valuation brackets.
The upcoming IPO is anticipated to test public market demand for AI firms, with a significant potential increase from private-market valuations.
What to Watch
Market participants will be closely monitoring any updates on Anthropic’s IPO pricing and timing, particularly any adjustments in the proposed $2 trillion valuation. Key indicators will include SEC filings, underwriter guidance, and investor demand indications in the lead-up to November. Movements in related AI sector valuations and broader tech market conditions could also influence Anthropic’s ultimate market cap on IPO day. Any further delays or substantial changes in valuation expectations could impact current market predictions.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:15
Bitcoin’s $85,000 wall may decide its next structural move
A thick sell wall, long-term holder profit-taking and mixed ETF demand keep Bitcoin pinned near a level analysts call critical Bitcoin keeps walking up to $85,000, knocking politely, and getting sent back to the …
A thick sell wall, long-term holder profit-taking and mixed ETF demand keep Bitcoin pinned near a level analysts call critical
Bitcoin keeps walking up to $85,000, knocking politely, and getting sent back to the lobby.
That level has become the market’s main point of friction. Analysts are framing it as the line that could separate another stretch of sideways trading from a genuine shift in market structure.
A Forbes report quoted one analyst describing $85,000 as potentially crucial to a “structural change” in the Bitcoin market.
A sell wall that kept getting bigger
A sell wall is a large cluster of limit orders to sell at a specific price. Buyers have to absorb all of that supply before the price can climb any higher.
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Analysts at Glassnode flagged one of these walls building on Binance. It sat between $85,000 and $85,500, and it tripled in size after September 24, 2026.
Around October 2, part of that wall cleared. Bitcoin briefly pushed to roughly $87,000, its highest price since late September.
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As of October 6, Bitcoin was trading in the $85,000 to $86,000 range. Across September and October 2026, Bitcoin has traded between $83,000 and $87,000.
Long-term holders are cashing in
Analysts at QCP Capital and CryptoQuant have identified the $84,000 to $85,000 zone as the heaviest concentration of supply from long-term holders. Profit-taking from this group has increased through late September and early October 2026, adding steady pressure on price.
Demand from spot Bitcoin ETFs has not fully offset that selling. Inflows have been described as mixed and modest, which leaves the market without a consistent large buyer to soak up long-term holder supply.
Why $85,000 carries so much weight
$85,000 hosts a large visible sell wall on a major exchange, overlaps with the heaviest long-term holder supply zone, and has served as a repeated test point throughout Bitcoin’s 2026 price action following prior cycle highs.
Analysts have stressed that a brief poke above $85,000 is not enough. The level reportedly needs a sustained break before a rally can be considered to have real follow-through.
What this means for traders and investors
Analysts have identified another resistance and liquidity cluster around $87,000. That cluster reportedly carries about half the volume of the $85,000 wall.
A few signals are worth tracking from here. The first is whether the Binance sell wall rebuilds after its partial clearance on October 2. The second is long-term holder behavior — if profit-taking from this group slows, the supply overhang thins. The third is ETF flows, where mixed inflows have so far failed to give bulls a decisive edge.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:15
Ferrari tokenized shares go live on Solana through Sunrise
Backpack Securities issues $RACE tokens backed 1:1 by real Ferrari NV shares, tradable around the clock on Solana wallets and DEXs Buying a Ferrari usually takes a waiting list, a serious bank balance and …
Backpack Securities issues $RACE tokens backed 1:1 by real Ferrari NV shares, tradable around the clock on Solana wallets and DEXs
Buying a Ferrari usually takes a waiting list, a serious bank balance and a fair amount of patience. Owning a sliver of the company behind the cars now takes a Solana wallet.
Tokenized shares of Ferrari NV, trading as $RACE, are now available on Solana through the Sunrise asset gateway, with Backpack as the issuer. The launch took effect October 6, 2026. It adds one of the most recognizable luxury brands to a growing shelf of onchain equities.
How the $RACE token works
Each $RACE token is backed 1:1 by an actual Ferrari share held in regulated custody. Backpack Securities serves as the issuer, and holders can redeem their tokens back into traditional stock entitlements through Backpack Securities.
The token’s contract address is RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD. Checking that string before buying is the simplest way to confirm you are holding the genuine article.
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Sunrise handles distribution. The gateway is designed to plug tokenized stocks into wallets and decentralized exchanges, or DEXs, which are trading venues where users swap tokens directly without a traditional broker in the middle.
Supported venues include Phantom, Jupiter and Raydium. Trading runs 24/7. The tokens are built to be eligible for dividends and corporate actions.
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From SpaceX to supercars
Ferrari is not the first big name to arrive on this rail. The $RACE launch is tied to an ongoing partnership that started with tokenized SpaceX shares in June 2026.
Backpack Securities aims to expand the number of tokenized stock symbols on Solana from the current 200 toward a goal of 10,000.
What this means for investors and Solana
Several things are worth watching from here. First, whether $RACE builds meaningful trading activity on Solana DEXs, since a token with thin volume offers little of the promised liquidity.
Second, how smoothly redemption through Backpack Securities works in practice. The 1:1 backing is the foundation of the product, and confidence depends on the ability to convert tokens back into stock entitlements when holders want to.
Third, how dividends and corporate actions get passed through to token holders. Fourth, round-the-clock trading creates a practical puzzle: when the underlying market is closed, the token keeps trading, so how closely its price stays aligned with the real share during those hours will be a revealing test of the model.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:00
Coinbase launches live crypto price prediction markets
US users can now bet on whether Bitcoin, Ether and other assets will rise or fall in windows as short as 15 minutes Coinbase now lets US users make a yes-or-no call on where …
US users can now bet on whether Bitcoin, Ether and other assets will rise or fall in windows as short as 15 minutes
Coinbase now lets US users make a yes-or-no call on where crypto prices are headed, sometimes within a quarter of an hour. The exchange launched live crypto price prediction markets on October 6, 2026.
The new contracts sit alongside the regular buy and sell buttons. That makes Coinbase a place where you can hold Bitcoin and, in the same app, wager on whether it climbs before your coffee gets cold.
How the new contracts work
The setup is deliberately simple. Users choose an asset, choose a timeframe, then choose a direction: up or down.
Each position is a binary event contract. If your call is right, the contract pays $1. If it is wrong, it pays $0, and there is no partial credit for being close.
Prices for these contracts reflect crowd-implied probabilities. As an illustration, a contract trading near 70 cents would suggest the crowd sees roughly a 70% chance of that outcome.
Supported assets include BTC, ETH, SOL and BNB, among others. Contract durations start at 15 minutes.
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Positions can be funded with either USD or USDC, the dollar-pegged stablecoin. Traders can also run these bets in real time next to whatever they already hold on Coinbase.
On the regulatory side, the product is offered through Coinbase Financial Markets, a CFTC and NFA member. The CFTC is the federal regulator for derivatives, and the NFA is the industry’s self-regulatory body for that market.
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Not every American gets access. The markets are not available in all states, with Nevada named as one exception.
From sports and politics to Bitcoin
This is not Coinbase’s first experiment with prediction markets. The company announced its initial rollout on December 17, 2025, with markets powered by Kalshi.
Those earlier markets covered categories such as sports and politics. The nationwide expansion of the Kalshi-powered offering was completed by late January 2026.
The move fits into Coinbase’s broader “everything exchange” strategy. The idea is to pull multiple trading products under one roof instead of sending customers to different apps for different kinds of speculation.
What this means for traders and for Coinbase
For traders, the biggest change is the structure of risk. A regular spot purchase of Bitcoin can gain or lose any amount, and you can hold it indefinitely. A binary contract caps both sides: you know your maximum loss and maximum payout before you click.
It also changes what a trader is actually expressing. Buying ETH says you like Ether. Buying an “up” contract on ETH for the next window says you think the crowd’s odds are mispriced, which is a different skill entirely.
For Coinbase, the product opens a new lane of engagement beyond plain spot trading. Fast, repeatable contracts give active users a reason to return to the app many times a day, not just when they rebalance a portfolio.
Coinbase has not released projections for the crypto price segment specifically. Accepting USDC alongside dollars gives stablecoin holders a direct path into the contracts without first cashing out.
Regulated structure is a selling point here. Coinbase is wrapping a fast, game-like product in a framework overseen by federal derivatives regulators, which is a different pitch from offshore venues offering similar bets.
The risks are not hard to spot. Short-dated binary bets can encourage overtrading, and the $0 side of the payout is very real.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:00
IRS issues guidance on digital asset staking safe harbor for trusts
The agency's updated revenue procedure gives eligible investment and grantor trusts a defined path to stake crypto without losing their tax status The IRS has given crypto trusts something they have wanted for a …
The agency's updated revenue procedure gives eligible investment and grantor trusts a defined path to stake crypto without losing their tax status
The IRS has given crypto trusts something they have wanted for a while: permission to stake without blowing up their tax status.
The agency’s staking safe harbor began with Revenue Procedure 2025-31, issued on November 10, 2025. Revenue Procedure 2026-20, published on October 6, 2026, now supersedes it and clarifies how eligible investment trusts and grantor trusts can participate in proof-of-stake networks and still keep their favorable tax treatment.
What the safe harbor actually covers
Staking means committing tokens to help validate a proof-of-stake blockchain in exchange for rewards.
The problem for trusts was structural. Investment trusts get their tax treatment partly because they are passive vehicles. The IRS has long been wary of trusts holding a “power to vary investments”, meaning the ability to actively shuffle what they own in pursuit of profit.
Staking raised an awkward question. Did choosing to stake, and collecting rewards, count as that kind of active management? If so, a trust could lose its classification and the pass-through treatment that comes with it.
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The IRS answer, through this guidance, is no, provided the trust plays by the rules. Compliant staking is treated as a property-conservation activity. That framing keeps it on the passive side of the line, preserving investment-trust status and grantor-trust status under IRC §§ 671–677.
Fourteen requirements, no shortcuts
The safe harbor is not a blanket pass. Trusts must satisfy 14 detailed requirements to qualify.
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Among them, the trust’s interests must be listed on a national exchange. The trust must hold a single type of digital asset, so no mixing tokens in one vehicle.
Assets must sit with qualified custodians. The trust also needs liquidity policies approved by the SEC, which ties the tax treatment directly to securities regulators’ oversight.
Staking rewards come with strict distribution rules as well. The trust cannot simply pile up rewards and treat them as a war chest.
Timelines and transition rules
The guidance applies to tax years ending on or after November 10, 2025, with October 6, 2026 also marking a relevant effective date under the updated procedure. A transition period covers trusts that complied with the earlier version.
Existing trusts were given a nine-month window following the original release to amend their governing instruments. That window ran until approximately August 10, 2026.
The amendment period mattered because many trusts were drafted before anyone expected the IRS to bless staking. Their governing documents may have barred it outright or failed to address it. The nine months gave them room to rewrite the rulebook without forfeiting eligibility.
What this means for investors and fund sponsors
The clearest beneficiaries are issuers of exchange-traded products holding a single proof-of-stake asset. They now have a defined compliance pathway, which could make staking a more standard feature of these vehicles rather than a legal gray zone.
There are limits worth noting. The single-asset requirement means multi-token baskets do not fit neatly inside this safe harbor. The dependence on SEC-approved liquidity policies also means the tax benefit only works if securities regulators keep cooperating on the product side.
Trusts that missed the amendment window, or that cannot meet all 14 conditions, sit outside the protection. For them, staking still carries the classification risk the guidance was designed to resolve.
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:00
Nvidia taps six Wall Street giants in bid to unlock $500 billion for AI infrastructure
The chipmaker wants to turn GPUs into a financeable asset class, with residual-value guarantees doing the heavy lifting Nvidia has a problem most companies would love to have. Demand for its AI chips keeps …
The chipmaker wants to turn GPUs into a financeable asset class, with residual-value guarantees doing the heavy lifting
Nvidia has a problem most companies would love to have. Demand for its AI chips keeps climbing, but plenty of would-be buyers can’t comfortably pay for them.
Its answer is a new financing machine. On August 10, 2026, Nvidia announced memorandums of understanding with six of the biggest names in finance: Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR.
The goal is to build independent “compute financing platforms” that aim to raise more than $500 billion in third-party capital for AI infrastructure. That money would fund GPU purchases and data center construction.
How the financing model works
The initiative frames AI hardware as a revenue-generating asset class, comparable to aircraft leasing or utilities. Rather than writing a giant check upfront, customers could tap outside capital to get access to Nvidia hardware. The target audience includes AI labs, cloud providers, and enterprises squeezed by capital constraints in a high-interest-rate environment.
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Nvidia itself isn’t putting cash in or taking on new debt. The company may provide residual-value guarantees of up to 25% on certain projects. Across the full program, that could translate to a maximum of approximately $125 billion in support.
Wall Street’s skepticism
As of October 1, 2026, Wall Street investors had voiced concerns about whether chips can serve as reliable long-term collateral. The worry centered on guarantees that were seen as insufficient. AI hardware evolves quickly, and today’s flagship GPU can look dated sooner than a lender holding a multi-year loan would like.
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The expectation is that forthcoming agreements will include stronger protections and revenue backing. If that happens, the overall effort is viewed as credit-positive for Nvidia.
The CoreWeave blueprint
Nvidia isn’t inventing GPU-backed lending from scratch. CoreWeave launched an $8.5 billion investment-grade facility backed by GPUs. That deal showed lenders were willing to underwrite large projects secured by compute hardware.
Nvidia’s plan scales the concept dramatically. The $500 billion target is roughly 59 times the size of the CoreWeave facility, and it involves six institutional heavyweights instead of a single borrower.
CEO Jensen Huang has framed the partnerships as doing two jobs at once. In his telling, they keep hardware demand growing while also giving institutional investors, such as pension funds and sovereign-wealth funds, a way into AI infrastructure with reduced risk exposure.
What this means for Nvidia and AI buyers
Nvidia’s potential exposure of approximately $125 billion is contingent, not cash out the door, but it’s still a meaningful commitment tied to how well GPUs hold their value.
Key signals to track include whether the MOUs convert into binding agreements and how much capital actually gets raised against the $500 billion target. The terms of those deals, especially the revenue backing and collateral protections that skeptics flagged, will show whether GPUs can truly be underwritten like aircraft or utilities.
CRYPTO
CryptoSlate
07 Oct 2026 · 15:45
US services price gauge hits a four-year high, clouding Bitcoin’s rate-relief outlook
September's prices index rose to 74.0 while growth slowed, leaving rate relief uncertain for leveraged Bitcoin exposure. The post US services price gauge hits a four-year high, clouding Bitcoin’s rate-relief outlook appeared first on …
September's prices index rose to 74.0 while growth slowed, leaving rate relief uncertain for leveraged Bitcoin exposure.
The post US services price gauge hits a four-year high, clouding Bitcoin’s rate-relief outlook appeared first on CryptoSlate. The US services prices gauge reached a four-year high in September even as growth slowed, a combination that could keep leveraged Bitcoin positions exposed to restrictive financing conditions. The Oc…