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Crypto rebounds after record $19B liquidation as U.S.-China trade fears ease

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Top stories today:

  1. Crypto partially rebounds after record $19B liquidation
  2. Apple said to unveil new iPad Pro, MacBook Pro, Vision Pro this week
  3. OpenAI’s $500B leap fuels payout uncertainty for backers
  4. Kalshi raises $300M+ at $5B valuation
  5. Murati’s Thinking Machines co-founder joins Meta

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Crypto partially rebounds after record $19B liquidation as U.S.-China trade fears ease

Elon Musk is building the Tesla Smart Home.

Apple is doubling down with new Face-ID locks and smart displays.

The world’s biggest tech giants are battling for dominance in the $158B smart home market, growing 23% each year.

Big Tech is pouring billions— the race is officially on.

Just like how Google acquired Nest for $3.2 Billion and Amazon snapped up Ring for $1.2 Billion, investors are hunting for the next smart home breakout.

As Tesla and Apple race ahead, one startup is riding the wave—leading a massive, overlooked category - smart shades. And RYSE is dominating it.

RYSE checks every box:

  • 10 granted patents

  • Over $12M in revenue

  • 200% annual growth

RYSE is not just another smart gadget—it’s a prime acquisition target in a category with billion-dollar potential.

At just $2.25/share, investors can still get in early—before their next wave of growth.

The next Nest or Ring could be this.

Invest in RYSE now

*Sponsored by RYSE Inc. ($5,000 contracted). Prospective investors should review the offering materials for details, including all risk factors, before making an investment decision. Any investment involves significant risks, including the potential loss of the total investment. This advertisement is not an offer to sell or a solicitation of an offer to buy securities. This Reg A+ offering is made available through DealMaker. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Please read the offering circular before investing in RYSE.

3. Apple said to unveil M5 iPad Pro, MacBook Pro, new Vision Pro this week

4. OpenAI’s $500B leap fuels payout uncertainty for backers as $1T compute push begins

Microsoft is set to become the largest single shareholder in OpenAI’s for-profit subsidiary:

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