Mars Morning News | Bitcoin rebounds and surpasses $115,000, Trump may become the largest Bitcoin investor in the US

Forbes: Trump May Be the Largest Bitcoin Investor in the US, Holding About $870 Million

Mars Finance news, according to Forbes, US President Trump currently indirectly holds about $870 million worth of bitcoin, potentially ranking among the world's largest bitcoin investors. The report points out that Trump indirectly holds a large amount of bitcoin through his shares in Trump Media & Technology Group (TMTG).

TMTG operates the social platform Truth Social. Although its annual revenue is less than $4 million, the company's market capitalization on Nasdaq is as high as several billions of dollars. Earlier this year, TMTG raised $2.3 billion through debt and the sale of overvalued shares, and in July purchased about $2 billion worth of bitcoin. Since then, Trump's shareholding in the company dropped from 52% to 41%. Since the company started investing in bitcoin, the price of BTC has risen by about 6%. It is estimated that the value of bitcoin corresponding to Trump's shares is about $870 million.

Data: 1kx Co-founder Related Wallet Injects $2 Million into Hyperliquid, Opens 10x Long Position on ENA Again

Mars Finance news, according to Onchain Lens monitoring, a wallet related to 1kx co-founder Christopher Heymann (@HeyoChristopher) deposited 2 million USDC into Hyperliquid and reopened a 10x leveraged long position on ENA. Previously, this address had deposited $4.22 million into Hyperliquid but was liquidated during the recent market downturn.

Probability of Fed Cutting Rates by 25 Basis Points in October Is 97.8%

Mars Finance news, on October 13, according to CME "FedWatch": the probability of the Federal Reserve keeping rates unchanged in October is 2.2%, and the probability of a 25 basis point rate cut is 97.8%. The probability of the Fed keeping rates unchanged in December is 0%, the probability of a cumulative 25 basis point rate cut is 2.2%, and the probability of a cumulative 50 basis point rate cut is 96.7%.

Spot Gold Price Hits New All-Time High

Mars Finance news, on October 13, spot gold once surged to $4,060/oz, setting a new all-time high, and has now fallen back to $4,038/oz.

Total Cryptocurrency Market Cap Rises Above $4 Trillion, 24-Hour Increase of 5.6%

Mars Finance news, on October 13, according to Coingecko data, the total cryptocurrency market cap has risen above $4 trillion, currently reported at $4.003 trillion, with a 24-hour increase of 5.6%.

Glassnode: Crypto Market Funding Rates Drop to Lowest Level Since 2022 Bear Market

Mars Finance news, on October 13, Glassnode posted on social media, "The funding rates across the entire cryptocurrency market have dropped to the lowest level since the 2022 bear market. This marks one of the most severe leverage resets in crypto history, indicating that speculative excesses have been systematically cleared out."

High-Profile BTC Ancient Whale Who Swapped for ETH Shorts Another 1,423 BTC

Mars Finance news, on October 12, according to MLM monitoring, the high-profile BTC ancient whale who swapped for ETH has shorted another 1,423 BTC, worth about $161 million.

Analysis: Trump's Threat to "Significantly Increase" Tariffs on China Is Just a Bargaining Chip, Another "Trade Agreement" Expected Soon

Mars Finance news, on October 12, The Kobeissi Letter released the latest market analysis stating, "The news about China's rare earth export controls was actually released around 8:30 am ET on October 9, 26 hours before Trump posted about it. In other words, this was originally a 'non-news event'—until Trump commented on it more than a day later. Last night, China issued a statement clarifying its 'export control' policy on rare earths. The statement said: the new control measures are not a comprehensive export ban, and applications that 'meet the requirements' will still be approved. During last Friday's market downturn, our view was: Trump's threat to 'significantly increase' tariffs on China is just a bargaining chip. After China's clarification, we believe the likelihood of Trump actually implementing a 'significant increase' in tariffs on China is extremely low. At present, the largest crypto liquidation in history and the evaporation of $2.5 trillion in S&P 500 market cap both seem to have stemmed from a huge misunderstanding. We expect another 'trade agreement' to be reached soon."

Next Week's Macro Outlook: Powell to Speak on Tuesday Night

Mars Finance news, on October 12, the important events and macro data to be released next week are as follows: Tuesday: 2026 FOMC voting member and Philadelphia Fed President Harker to speak; Fed Governor Bowman to speak; Fed Chair Powell to speak at an event hosted by the National Association for Business Economics. Wednesday: Fed Governor Waller to speak at an International Institute of Finance panel on payments; 2025 FOMC voting member and Boston Fed President Collins to speak. Thursday: US initial jobless claims for the week ending October 11, US September retail sales month-on-month, US September PPI year-on-year, US September PPI month-on-month; Fed Beige Book on economic conditions to be released; Fed Governor Waller to speak. Friday: G20 finance ministers and central bank governors press conference. Saturday: 2025 FOMC voting member and St. Louis Fed President Musalem to speak. (Golden Ten Data)