Major Events and Conflicts

1. Trump vs Musk: Political Games Impacting the Market*

Musk publicly refused to fund Trump's campaign, stating, "Without me, he will lose the election"; Trump retaliated by threatening to end government subsidies for Musk. The conflict caused Tesla to plunge 14% in a single day, Bitcoin dropped to $100,400, and the crypto market saw over $1 billion in liquidations.

Market Impact: Investors are concerned that if Trump wins, there may be a policy shift, potentially closing the window for relaxed crypto regulations.

2. First Stablecoin Stock Circle Surges on Listing

Circle (USDC issuer) debuted on the NYSE with a first-day increase of 168.48%, closing at $83.23 and rising to $87.71 in after-hours trading, with a transaction volume exceeding $47 million.