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Top stories today:
- Crypto partially rebounds after record $19B liquidation
- Apple said to unveil new iPad Pro, MacBook Pro, Vision Pro this week
- OpenAIās $500B leap fuels payout uncertainty for backers
- Kalshi raises $300M+ at $5B valuation
- Muratiās 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 todayās newsletter (beware of hallucinations):
1. Crypto partially rebounds after record $19B liquidation as U.S.-China trade fears ease
The total crypto market cap rose 6%+ to top $4T on Mon.
Bitcoin rebounded to ~$115K after sliding below $105K on Fri.
Some assets were briefly -99% due to a single day record of $19B in liquidations.
Sun.: Trump and JD Vance signaled openness to a China deal.
Cryptos crashed Fri. after 100% additional tariffs on China were announced by Trump.
Binance said it paid $283M to users after 3 Earn assets depegged in Fridayās volatility.
Elon Musk is building the Tesla Smart Home.
Apple is doubling down with new Face-ID locks and smart displays.
The worldās biggest tech giants are battling for dominance in the $158B smart home market, growing 23% each year.
Big Tech is pouring billionsā 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 waveāleading 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 gadgetāitās a prime acquisition target in a category with billion-dollar potential.
At just $2.25/share, investors can still get in earlyābefore 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
The new MacBook Pro would replace the existing 14ā model with an M5 chip.
The Vision Pro upgrade is expected to deliver faster performance and an improved strap.
Apple Glasses are rumored to run full visionOS when paired with a Mac, or a lighter UI when paired with an iPhone.
4. OpenAIās $500B leap fuels payout uncertainty for backers as $1T compute push begins
Microsoft is set to become the largest single shareholder in OpenAIās for-profit subsidiary:
