Crypto Pulse

Only one pot of money actually changed hands in the AI news of October 19. Tenstorrent closed a $1.5B Series E at a $6.2B valuation led by Trace Capital and Innovation X, having chosen independence after takeover talks with two large chipmakers. Two power items carried far bigger numbers that same day, yet neither is approved: AEP (Ticker: AEP) signed a 960MW small nuclear joint development agreement with Amazon (Ticker: AMZN) and X-energy (Ticker: XE), and Entergy (Ticker: ETR) added 1,400MWh o

1. Today's Market: What Rose Was the Weighting, Not the CountUnit: %, single-day change on October 19; the set spans positive and negative, so a zero line is drawn and all three share one scale. The Nasdaq reads +1.11%, the S&P 500 +0.41% and the Dow −0.07%. The three indexes split in one session: the Nasdaq up 1.11%, the S&P 500 up 0.41%, and the Dow down 0.07%. The members tell it better still, because about two thirds of the S&P 500 fell the same day and the equal-weight version close

Overview S&P Global releases flash US purchasing managers' index readings for October at 9:45 a.m. Eastern on October 23, which is 21:45 the same day in Singapore, covering manufacturing, services and composite output. This release carries more weight than usual because the policy environment has already turned. The Federal Reserve raised its target range by 25 basis points to 3.75% to 4.00% at its September 15 and 16 meeting on a unanimous 12 to 0 vote, with a statement describing inflation as

Overview Kinexys by J.P. Morgan announced on October 19 that it has brought JPM Coin, its US dollar deposit token with the ticker JPMD, to Ethereum mainnet. This is not a new product but an extension to another chain. JPM Coin began as a proof of concept in June 2025 and launched on Base for institutional clients in November 2025, and the extension now supports peer-to-peer transfers between institutional clients across the EVM ecosystem including both Base and Ethereum. The reason this deserves

Overview IBM reports third quarter results and holds its earnings call at 5:00 p.m. Eastern on October 21, which is 05:00 Singapore time on October 22. That timing is confirmed on the company's investor relations page. The company sits in an unusual position within the AI cycle. It carries none of the hundred-billion-dollar capital spending burden of the hyperscalers, yet it has to prove that enterprise AI budgets eventually land on its own income statement as software revenue and cash flow. The

Overview Lam Research holds its September quarter earnings call at 5:00 p.m. Eastern on October 21, which is 05:00 on October 22 in Singapore. Unlike most previews, the disagreement here is not about whether results will be strong but about what strong results are worth. The company set a high bar itself. Per the June quarter release, September quarter guidance calls for revenue of $8.10 billion plus or minus $400 million, gross margin of 52.0% plus or minus one point, operating margin of 39.5%

Overview Sophon has told users to move their on-chain assets off its network and claim outstanding rewards before November 25. Per Cointelegraph, the project begins shutting down key infrastructure and related websites after that date, and assets left on Sophon Chain risk becoming permanently inaccessible, covering SOPH, ETH, USDC and other tokens held on the chain. There are in fact two dates to track. Per KuCoin's relay of the project's announcement, November 25 is the deadline for user action

Overview BNB Chain completed its 37th quarterly burn on October 19. Per the official announcement, 1,646,196.44 BNB were removed at an estimated value of roughly $1.197 billion at the time of the burn, leaving total supply at 131,512,085 BNB, with the transaction verifiable on chain. The comparison with last quarter is where it gets interesting. The 36th burn removed about 1.6158 million BNB worth roughly $932 million, leaving supply at 133.17 million. The token counts differ by only about 1.9%,

3M (NYSE: MMM) shares jumped more than 5% in after-hours trading on October 19, 2026, after the industrial technology company disclosed an expanded strategic commercial relationship with Amazon (NASDAQ: AMZN) involving optical connectivity and other data center products.Under the agreement, 3M granted an Amazon subsidiary the right to purchase up to 3.16 million shares of MMM stock at $164.89 per share over seven years. Most of those rights are tied to Amazon's payments for 3M data center produc

Cleveland-Cliffs (NYSE: CLF) stock surged 16.34% to $14.10 on October 19, 2026, after the U.S. steelmaker reported its strongest quarterly performance in three years and projected that adjusted EBITDA could exceed $4 billion in 2027.The company reported Q3 revenue of $5.6 billion, adjusted EBITDA of $612 million, and adjusted earnings per share (EPS) of $0.28. More importantly, its 2027 earnings outlook substantially exceeded Wall Street expectations of approximately $2.5 billion in adjusted EBI