Bitcoin Surges Above $118,000

Bitcoin offline key tool EntropyLab has released its self-contained Bitcoin key and wallet calculation tool v1.0.0rc1, the project’s first release candidate. The tool runs entirely from a single HTML file, requires no internet connectivity, and does not generate random entropy on its own—users must supply their own entropy values to compute Bitcoin keys and wallets in a fully offline environment. It supports features including multi-signature, PSBT, BIP-85, Silent Payments, vanity addresses, read-only wallet exports, and nonce analysis. EntropyLab states that this release is reproducible and verifiable via signatures from four independent signers. The team advises users to verify the downloaded file before transferring it to an air-gapped computer for use. The official v1.0.0 version has not yet been released, as the project is currently testing this release candidate.

The yield on the 30-year U.S. Treasury note has risen to its highest level since 2002, driven by record fiscal deficit spending and persistent inflation. U.S. CPI has exceeded the Federal Reserve’s 2% inflation target for 60 consecutive months, the longest stretch since the 1980s. Wealth concentration in the U.S. remains extreme: the net worth of the top 1% of U.S. households totals roughly $60.3 trillion, 14.3 times that of the bottom 50% of households. The purchasing power of the U.S. dollar has fallen by 23% since 2020. The 24-year high in the 30-year U.S. Treasury yield puts direct pressure on Bitcoin, as higher discount rates tend to compress valuations of non-yield-bearing assets. On the flip side, persistent inflation and the dollar’s declining purchasing power could reinforce Bitcoin’s narrative as a hard asset and inflation hedge. The market is currently grappling with two conflicting signals; in the short term, the key question is whether support for BTC from inflation and a weaker dollar, or pressure on risk assets from rising long-dated U.S. Treasury yields, will prevail.

Beating AI News: Google’s AI coding tool Antigravity has integrated Claude Opus 5.5 and Sonnet 5.5. The two models are available on Google AI Ultra and Pro, but Pro access is limited to paid subscribers—users still in free trials cannot use them. Free and Google AI Plus users do not have access to the 5.5 models for now. Antigravity supports three thinking intensity levels for models: Low, Medium, and High. Google is also clearing out older models, with Claude Opus 4.6, Sonnet 4.6, and GPT-OSS-120b all set to be removed on November 2. Per the current model lineup, if no new models are added to replace them, Free and Google AI Plus users will have no Claude or GPT-OSS options left by then, leaving only the Gemini series. Google did not disclose specific usage limits for Claude 5.5, only noting that Pro tier limits refresh every 5 hours and are subject to weekly caps. Gemini uses separate limits from Claude and GPT. Multiple Pro users have reported that a single task on Opus 5.5 can quickly deplete both the 5-hour and weekly limits, with some users saying roughly 9 minutes of operation used half their weekly cap.

NVIDIA CEO Jensen Huang held approximately 870 million NVIDIA shares as of March 23, 2026, accounting for 3.58% of the company’s total outstanding shares. Valued at NVIDIA’s early-October share price of $231.49, this stake is worth roughly $201 billion. Forbes data shows Huang’s current net worth is around $200 billion, with his personal wealth primarily derived from NVIDIA holdings. Huang is NVIDIA’s largest known individual shareholder. However, under U.S. SEC rules, individual investors holding less than 5% of shares are not required to disclose their stakes, so it is possible that undisclosed individual shareholders hold more than Huang. NVIDIA’s major institutional shareholders holding over 5% of its shares include BlackRock and Vanguard, with stakes of 7.43% and 7.31% respectively. Huang co-founded NVIDIA in 1993. Before NVIDIA’s first stock split in 1999, he held around 2.9 million shares, representing 9.9% of the company. Had he retained all those shares to date, adjusted for stock splits, he would hold nearly 2.8 billion shares, indicating he has since continuously sold off some of his holdings. Additionally, Huang can earn NVIDIA stock through performance awards. NVIDIA paid him a total compensation of $35.5 million in fiscal 2025, consisting of a $1.5 million base salary, a $3 million cash bonus, and approximately $31 million in equity awarded in the form of 936,800 performance stock units (PSUs).

According to a Wall Street Journal (WSJ) report, U.S. equities saw a sharp divergence in September. While the S&P 500 index remained broadly stable and the Nasdaq 100 rose 3%, nearly 80% of stocks in the S&P 500 declined, with an average drop of around 5%. Only two sectors—technology and communication services—out of the 11 major sectors posted gains. In the same period, the Russell 2000 index fell 5%, while the 50 largest-capitalization stocks rose 2%. Stocks that advanced in September were generally linked to AI or data center supply chains. Meanwhile, the U.S. 10-year Treasury yield surged from 4.7% to 5.3%. Non-AI firms face a "triple pressure" from interest rates, energy prices, and competition for staff, equipment and capital from AI companies. UBS Chief Economist Arend Kapteyn said U.S. capital expenditures are "effectively zero" when excluding AI tech firms. As financing costs rise, corporate credit spreads have also widened: spreads on CCC-rated low-grade bonds rose more than 1 percentage point in September, exceeding levels recorded during last year’s U.S. tariff shocks. Additionally, Wall Street’s expectations for corporate earnings growth have cooled. Goldman Sachs Head of Asset Allocation Research Christian Mueller-Glissmann noted that earnings and their forecasts grew rapidly in the first half of this year, but earnings growth momentum has weakened since the summer. The report argues that if Treasury yields and oil prices stay at high levels, sectors outside AI may continue to face pressure, corporate earnings growth will slow, and concerns over credit risk could rise further.

Solana ecosystem project Stonk announced early today the launch of its "Community Coins" mechanism. Users holding specified Solana community coins will be eligible to earn holder rewards from new meme coins paired with these community coins going forward. Per the rules, each meme coin issued under "Community Mode" allocates 33% of its holder rewards to eligible community coin holders, while the remaining 67% goes to holders of the meme coin itself. The first batch of participating community coins includes USELESS, PENGU, ZCAT, ANSEM, and NEET. Stonk noted that users holding top Solana meme coins can participate in the related reward distribution.