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mercor

Meet the 22-Year-Old College Dropouts Who Became the World’s Youngest Self-Made Billionaires
At just 22 years old, Brendan Foody, Adarsh Hiremath, and Surya Midha have done what most can only dream of — join the billionaire ranks before finishing college. The trio behind Mercor, an AI-powered recruitment startup, have officially become the world’s youngest self-made billionaires, surpassing Mark Zuckerberg’s record by a year. Their company recently hit a staggering $10 billion valuation following a $350 million funding round, as reported by Forbes.

From School Friends to Startup Founders
The story of Mercor’s founders traces back to Bellarmine College Preparatory in San Jose, where Hiremath and Midha met as debate partners. Their shared passion for innovation and technology eventually brought them together with Foody, whom they met at Georgetown University. What started as academic collaboration soon evolved into a vision that would transform the recruitment landscape through artificial intelligence.

The Leap of Faith: Dropping Out to Build a Dream
While most of their peers were preparing for finals, these three took a leap of faith. Hiremath, of Indian origin, left Harvard University, where he was studying computer science. Midha, majoring in international relations at Georgetown, and Foody, an economics student at the same university, both decided to drop out when Mercor began gaining traction. “If I weren’t working on Mercor, I would have just graduated college a couple of months ago,” Hiremath told Forbes. “My life did such a 180 in such a short time.”

The Power of the Thiel Fellowship
All three founders are Thiel Fellows, recipients of billionaire Peter Thiel’s $100,000 grant that supports young entrepreneurs who choose to forgo traditional education to pursue groundbreaking ideas. The fellowship gave them not only financial backing but also access to mentorship, resources, and a global network of innovators — accelerating Mercor’s path from a dorm-room project to a multi-billion-dollar company.

Mercor’s Vision: AI Meets the Hiring World
Mercor’s mission is simple yet revolutionary — use AI to redefine how companies hire talent. The platform leverages advanced machine learning to match job seekers with employers based on skillsets, performance patterns, and behavioral data. Its algorithm can assess compatibility faster and more accurately than conventional recruitment models, saving companies time and money while expanding opportunities for candidates worldwide.

The startup’s approach has been hailed as a game-changer in a post-pandemic world where hiring efficiency and remote talent pools dominate corporate priorities. With major venture capital firms backing its recent round, Mercor is positioning itself as the “OpenAI of recruitment.”

Surpassing Zuckerberg: The New Face of Gen Z Billionaires
By achieving billionaire status at 22, the Mercor founders have outpaced Mark Zuckerberg, who joined the club at 23 after Facebook’s early success. Their story is part of a broader shift in Silicon Valley — one where Gen Z entrepreneurs are challenging norms, experimenting with bold ideas, and leveraging AI as their central growth engine.

The rise of Foody, Hiremath, and Midha also follows a growing trend of young innovators reshaping the tech industry, joining names like Shayne Coplan of Polymarket and Alexandr Wang of Scale AI. But unlike others, the Mercor trio’s journey stands out for its collaborative spirit — three minds working as one, building an empire from a shared belief in the power of technology to connect people and opportunity.

What’s Next for Mercor and Its Founders
With a $10 billion valuation and a fresh influx of capital, Mercor plans to scale its AI hiring solutions globally, targeting both enterprise clients and emerging startups. Insiders say the company is developing a next-gen conversational AI layer that will enable recruiters to interact with the system naturally, further automating the hiring process.

As for the trio, they’ve shown no sign of slowing down. For them, Mercor isn’t just a business — it’s a movement. Their vision echoes a new era of entrepreneurship where youth, technology, and courage converge to rewrite what success looks like.

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Blackrock

BlackRock’s $500 Million Loan Fraud: Inside the Alleged Scam by Indian-Origin CEO Bankim Brahmbhatt
In what is being described as one of the most elaborate loan frauds in recent years, global investment giant BlackRock has reportedly lost over $500 million through its private-credit arm in a scheme allegedly masterminded by Bankim Brahmbhatt, an Indian-origin CEO of telecom firms Broadband Telecom and Bridgevoice. The allegations, detailed in a Wall Street Journal investigation, reveal a sprawling web of fabricated invoices, falsified customer accounts, and offshore fund transfers that left several major lenders blindsided.

The Alleged Scheme: Fake Invoices and Phantom Clients
According to court filings in the United States, Brahmbhatt’s companies created a façade of financial stability through invented invoices and fictitious accounts receivable that were used as collateral for multi-million-dollar loans. These paper assets painted an illusion of thriving business operations, enabling the companies to secure increasing sums from lenders like BlackRock’s HPS Investment Partners. The lawsuit, filed in August 2025, alleges that funds were quietly routed offshore to India and Mauritius, leaving behind hollow books and unpaid debts amounting to half a billion dollars.

Timeline of the Loan Expansion
HPS Investment Partners began lending to Brahmbhatt-linked firms in September 2020, initially investing $385 million, and later expanding the credit line to nearly $430 million by August 2024. French banking major BNP Paribas, one of Europe’s largest lenders, co-financed almost half of the total amount through Carriox Capital and its affiliated entities. BNP Paribas has so far declined public comment on its involvement in the financing.

Red Flags Emerge: The Discovery of Email Fraud
The first signs of trouble appeared in July 2025, when an HPS employee noticed irregularities in email domains used to verify invoices. The addresses, upon inspection, were linked to fake websites mimicking legitimate telecom companies. Subsequent checks revealed that many of the supposed client communications were completely fabricated. When approached, Brahmbhatt dismissed the concerns and soon became unresponsive to calls and emails.

A team from HPS later visited the company’s registered office in Garden City, New York, only to find it locked and deserted. Witnesses confirmed that no employees had been seen for weeks, while several luxury vehicles—including BMWs, a Porsche, and a Tesla—were found parked at Brahmbhatt’s residence, suggesting a sudden disappearance amid financial chaos.

Investigation and Legal Fallout
Following the revelations, BlackRock and other affected lenders hired Quinn Emanuel, a leading U.S. law firm, along with accounting firm CBIZ, to conduct a forensic review. Their investigation revealed a complete fabrication of client communications over two years. Every customer email submitted for invoice verification was fraudulent, and several contracts allegedly dated as far back as 2018 were forged.

One example involved BICS, a Belgian telecom company. In July, BICS’s security department confirmed in writing that it had no affiliation with the emails or transactions presented by Brahmbhatt’s companies—labeling them an unequivocal fraud attempt.

Impact on BlackRock and the Global Lending Ecosystem
The alleged fraud comes at a critical time for BlackRock, which had only recently expanded its footprint in the private-credit market through the acquisition of HPS Investment Partners. The incident underscores the growing risks in private lending, where rapid expansion and reliance on third-party audits may leave room for manipulation. While BlackRock is now pursuing recovery through litigation, the scandal has raised concerns about due diligence and accountability in the high-yield credit space.

Financial Forensics Point to Offshore Transfers
Court filings indicate that Brahmbhatt’s network of companies had systematically transferred funds offshore, particularly to India and Mauritius, to obscure the paper trail. Authorities are now tracing these movements in collaboration with international financial regulators, as the case could evolve into one of the largest private-lending frauds in recent U.S. history.

Industry Response and Lessons for Investors
The scandal has sent ripples across the global investment community, prompting renewed scrutiny of invoice-based lending models. Experts argue that the case could drive a shift toward real-time verification systems and enhanced transparency in private credit markets. As regulators tighten their watch, investors are likely to demand more stringent audits before approving billion-dollar credit lines to mid-sized corporate borrowers.

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google and jio partnership

Google and Reliance Jio’s AI Collaboration: A Bold Leap for India’s Digital Future
Google and Reliance Intelligence Limited, a technology arm of Reliance Industries have unveiled a partnership that grants eligible Jio users free access to Google’s Gemini Pro AI plan for 18 months. This initiative is designed to accelerate India’s journey toward becoming a truly AI-empowered nation, aligning with Reliance’s “AI for All” mission.

Sundar Pichai on the Partnership: “AI for Every Indian”
Taking to X (formerly Twitter), Google CEO Sundar Pichai expressed his enthusiasm for the collaboration, stating:

“Thrilled to partner with Reliance Jio to bring the best of Google AI to India. Eligible Jio users will enjoy our AI Pro plan at no extra cost for 18 months including Gemini 2.5 Pro, 2TB of storage, and our latest AI creation tools. Can’t wait to see what we’ll build together!”

The Gemini Pro AI plan, priced at approximately ₹35,100, unlocks access to Gemini 2.5 Pro, Google’s top-tier generative model, alongside advanced image and video tools like Nano Banana and Veo 3.1. It also includes Notebook LM, an AI-powered research companion, and 2TB of cloud storage creating a comprehensive digital workspace for innovation and learning.

Seamless Rollout Through MyJio App
The activation process will be effortless for users. Jio has announced that the offer will first be extended to users aged 18–25 on its unlimited 5G plans, before scaling nationwide. With AI integration built into the MyJio ecosystem, users can access Gemini directly through the app bringing sophisticated AI assistance to everyday tasks, from research to content creation.

Empowering India’s Youth Through Accessible AI
This partnership focuses on democratizing AI literacy and capability. By offering advanced AI tools at no cost, Reliance and Google aim to empower young Indians students, creators, and entrepreneurs to harness the potential of artificial intelligence for real-world innovation.

Building India’s AI Backbone: Infrastructure and Enterprise Push
The collaboration extends beyond individual users. Reliance Intelligence will work with Google Cloud to deploy high-performance Tensor Processing Units (TPUs) within India, significantly increasing domestic AI compute power. This initiative complements India’s national goal of becoming a global hub for artificial intelligence research, application, and data sovereignty.

Moreover, Reliance Intelligence will act as a go-to-market partner for Gemini Enterprise, Google’s AI platform tailored for businesses. The alliance will allow Indian enterprises to build, train, and deploy intelligent agents for industries such as finance, healthcare, education, and logistics leveraging both Google’s models and Reliance’s homegrown AI systems.

Mukesh Ambani’s Vision: From AI-Enabled to AI-Empowered India
Commenting on the announcement, Reliance Chairman Mukesh Ambani said:

“Reliance Intelligence is committed to making AI accessible to all 1.45 billion Indians. Partnering with Google allows us to move from an AI-enabled India to an AI-empowered one where innovation and intelligence are within everyone’s reach.”

This reflects Reliance’s long-term strategy of integrating AI into its telecom, retail, and energy ventures, ensuring India’s technological progress remains inclusive and scalable.

Financial Backbone and Strategic Confidence
For the fiscal year ending March 31, 2025, Reliance Industries Limited reported consolidated revenue of ₹10,71,174 crore, with a net profit of ₹81,309 crore demonstrating the company’s financial strength and capacity to invest in future-forward technologies.

The Bigger Picture: A Digital Renaissance for India
This partnership is not merely a corporate deal; it is a strategic investment in India’s digital sovereignty. By combining Google’s AI capabilities with Jio’s vast network, the collaboration aims to unlock a new phase of digital creativity, education, and enterprise innovation one powered by intelligence, inclusivity, and scale.

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Nifty

Market Overview: A Weak Finish to the Session
Indian equity markets ended Thursday’s session on a weak note, with major indices slipping under the weight of global uncertainty. The Sensex dropped 592.67 points, or 0.7%, to close at 84,404.46, while the Nifty declined by 176.05 points, or 0.68%, settling below the crucial 25,900 mark. The sell-off came as investors digested the U.S. Federal Reserve’s cautious tone following its latest policy decision, along with renewed foreign institutional investor (FII) outflows that pressured sentiment across sectors.

Fed’s December Rate Cut Doubts Rattle Global Sentiment
The U.S. Federal Reserve cut its benchmark interest rate by 25 basis points, as widely anticipated. However, Fed Chair Jerome Powell’s comments following the decision unsettled investors. While acknowledging progress on inflation, Powell emphasized that further easing would depend on incoming data — a stance that disappointed markets hoping for a clearer signal of continued rate cuts.
Powell noted that “downside risks to employment have risen,” but also warned that sticky inflation could limit the Fed’s ability to ease policy quickly. His message: the Fed is not in a rush to loosen monetary conditions, especially amid the ongoing U.S. government shutdown, which has disrupted economic data releases.

Ross Maxwell, Global Strategy Lead at VT Markets, summed up the sentiment: “Stocks and bonds both fell after Powell struck a more cautious tone. The Fed is easing, but with restraint — and that uncertainty could fuel volatility in the coming weeks.”

FII Outflows Add to the Pressure
Adding to the domestic headwinds, foreign institutional investors turned net sellers, offloading shares worth ₹2,540.16 crore in Wednesday’s session. Persistent FII outflows often indicate risk aversion among global investors, particularly when U.S. yields rise and the dollar strengthens. This capital movement has been a consistent drag on Indian equities, limiting upside momentum even as domestic investors remain net buyers.

Sectoral Performance: Pharma, Insurance, and Telecom Drag
The day’s biggest laggards included Dr. Reddy’s Laboratories, HDFC Life Insurance, Sun Pharma, Bharti Airtel, and Tata Steel — each declining up to 5%. The broader BSE Midcap and Smallcap indices also ended lower, reflecting a risk-off mood across the market spectrum. Analysts pointed out that profit-taking in recent outperformers, coupled with weak global cues, contributed to the day’s fall.

What Lies Ahead for Investors
With the Fed signaling caution and foreign funds turning sellers, short-term volatility may persist. Investors will closely monitor global inflation data, crude oil prices, and U.S. economic indicators for direction. Domestically, corporate earnings and festive season demand trends could influence sentiment going forward.

Market strategists suggest maintaining a stock-specific approach and focusing on sectors with strong balance sheets and steady earnings growth. Banking, capital goods, and IT remain preferred picks for long-term investors.

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Stock Market

Indian equity markets began Friday’s session on a strong note, lifted by gains in major heavyweights and upbeat second-quarter results. The Nifty opened above 25,800 and extended its rally beyond 25,900 as buying momentum intensified in sectors like energy, banking, and financial services. The festive cheer and improving investor sentiment fueled optimism as markets headed into the Diwali weekend.

By the closing bell, the Sensex surged 411.18 points, or 0.49%, to finish at 84,363.37, while the Nifty rose 133.3 points, or 0.52%, to end at 25,843.15. Broader indices also joined the rally, with the BSE Midcap gaining 0.7% and the Smallcap index rising 0.6%, signaling a healthy participation across segments.

A key highlight of the session was the strong performance of the banking index. The Nifty Bank crossed 58,000 for the first time, scaling a new all-time high of 58,261.55 before settling above the psychological mark despite some late profit booking. This performance reflects renewed investor faith in India’s financial sector, supported by consistent earnings growth, better credit demand, and improved asset quality.

Market giants like Reliance Industries, along with leading banks, played a pivotal role in driving the day’s gains. The upbeat corporate results from major financial institutions bolstered confidence that the sector will remain a backbone of India’s growth story in the upcoming year.

As part of the Diwali tradition, the stock exchanges announced that regular trading will remain closed on October 21 and 22, but the NSE will hold its annual “Muhurat Trading” session on October 21 between 1:45 PM and 2:45 PM. This symbolic session, marking the beginning of Samvat 2082, is considered auspicious by traders and investors alike, representing the start of a new financial year in the Hindu calendar.

Experts are optimistic as India transitions into Samvat 2082. Amisha Vora, Chairperson and Managing Director of PL Capital, highlighted that after a challenging year, “the stage now appears set for an earnings-led recovery.” She emphasized that the growth momentum remains strong, supported by structural reforms, the rollout of GST 2.0, income tax relief measures, and an accommodative monetary policy that is helping ease liquidity conditions.

India’s GDP is projected to grow around 6.8% in FY26, one of the fastest rates globally. This resilience underscores India’s strength as an emerging leader in global economic recovery. With valuations stabilizing, earnings downgrades bottoming out, and domestic inflows staying robust, the outlook for Indian equities appears promising as investors gear up for the new Samvat year.

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Stock Market

The Indian stock market opened lower on Friday, October 17, 2025, but quickly recovered as optimism returned to the trading floor. After an early dip—when the Sensex fell 261.58 points to 83,206.08 and the Nifty slipped 76.7 points to 25,508.60—both benchmark indices reversed course, turning positive by mid-session.

By late morning, the BSE Sensex was trading 151.89 points higher at 83,625.05, while the NSE Nifty edged 31.60 points up at 25,617.30, signaling a steady recovery and renewed investor confidence.

Sectoral Movers: Paints and Automobiles Lead, IT Faces Pressure

Among the Sensex constituents, several blue-chip firms fueled the rally. Asian Paints, Mahindra & Mahindra, Bharat Electronics, Bharti Airtel, and Titan were the top gainers, lending strength to the market rebound.

However, not all sectors shared the same momentum. Eternal Ltd. slipped over 2% following its quarterly earnings release, while IT majors—HCL Tech, Infosys, Tech Mahindra, and **Power Grid—**faced selling pressure as global tech sentiment remained cautious.

Market Drivers: FII Inflows and Optimism on Rate Cuts

The recovery was supported by renewed Foreign Institutional Investor (FII) activity, with data showing net equity purchases worth ₹997.29 crore on Thursday, October 16, 2025. Meanwhile, Domestic Institutional Investors (DIIs) also contributed strongly, investing ₹4,076.20 crore in equities.

Market experts attribute this positive momentum to multiple global and domestic cues. Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd, noted,

“A turnaround in FII inflows, expectations of Fed rate cuts, the IMF’s upward revision of India’s FY26 GDP growth forecast to 6.6%, and crude prices staying weak near $57.35 a barrel have lifted sentiment.”

The IMF’s revised outlook, coupled with easing oil prices, provided a supportive backdrop for equities, indicating potential for steady growth in the upcoming quarters.

Snapshot of the Global Market

Asian market cues were mixed. South Korea’s Kospi traded in positive territory, reflecting investor resilience in the region, while Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng indices slipped amid cautious global trade sentiment.

In contrast, U.S. markets ended lower on Thursday, influenced by continued concerns over inflation data and policy uncertainty. Meanwhile, Brent crude eased slightly by 0.25% to $60.94 per barrel, offering relief to energy-importing nations like India.

Market Performance Recap

On Thursday, October 16, 2025, Indian markets had closed on a strong note, with the Sensex surging 862.23 points (1.04%) to 83,467.66 and the Nifty rising 261.75 points (1.03%) to 25,585.30. The recovery on Friday builds upon that momentum, showing that investor sentiment continues to be buoyed by improving macroeconomic conditions and optimism surrounding central bank policies.

So

As the week concludes, investors are watching for further clarity from the U.S. Federal Reserve, global inflation trends, and domestic earnings reports. The consistent FII inflows, stable crude prices, and strong economic forecasts suggest that the Indian equity markets could maintain their resilience, though short-term volatility may persist amid global uncertainty.

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crypto

The global cryptocurrency market continued its downward slide on October 12, marking the second consecutive day of declines. The sell-off followed U.S. President Donald Trump’s announcement of additional 100% tariffs on China, a move that rattled financial markets and sent investors fleeing to traditional safe haven assets.

As risk appetite faded, Bitcoin and Ethereum, the two largest digital assets by market capitalization, slipped deeper into the red, reflecting broader investor unease.

A Market in Retreat: Numbers Tell the Story

According to data from CoinMarketCap, the total cryptocurrency market capitalization fell to $3.7 trillion, down sharply from last week’s record high of $4 trillion. Trading volumes also took a hit, dropping to $250.02 billion as investors remained cautious.

At 11:11 a.m. (UTC), the major cryptocurrencies stood as follows:

  • Bitcoin (BTC): $111,660.41
  • Ethereum (ETH): $3,817.26
  • Tether (USDT): $1.00
  • Binance Coin (BNB): $1,140.34
  • XRP: $2.37

The overall crypto market slipped 0.89% over the past 24 hours, extending a seven-day decline of 11.5%—one of the steepest weekly drops of 2025.

Why the Decline? Tariff Shock and Trade War Fears

Analysts attribute the downturn to a mix of geopolitical and macroeconomic shocks triggered by the new U.S.-China tariff measures. Trump’s announcement of 100% tariffs and additional restrictions on software exports heightened fears of a renewed trade war, prompting a global sell-off across both equity and crypto markets.

The move led to $19 billion worth of crypto liquidations on October 11, marking the largest single-day wipeout since the first quarter of 2025. In parallel, gold and silver prices surged, reflecting investors’ growing preference for stability over speculation.

Traders Turn Defensive: Risk Appetite Shrinks

Open interest in crypto futures contracts reportedly fell 18%, signaling that traders are unwinding leveraged positions amid rising uncertainty. Analysts describe the sell-off as a “combination of macro shockwaves and extreme leverage,” resulting in the sharpest downturn of the year so far.

Market watchers are now focusing on key technical levels — particularly Bitcoin’s $110,000 support zone. A sustained break below this level could trigger deeper corrections unless ETF inflows revive confidence and liquidity in the market.

Bitcoin and Ethereum Price Overview

  • Bitcoin (BTC) was trading at $111,122.51, down 1% over the past 24 hours and 10.38% over the week. Its market capitalization stood at $2.22 trillion, while trading volume fell 45.84% to $94.71 billion.
  • Ethereum (ETH) followed a similar trend, trading at $3,798, down 0.39% from the previous day. Its market capitalization dropped to $458.43 billion, with a 50% decline in 24-hour trading volume to $54.44 billion.

These numbers highlight a broader retreat across the crypto ecosystem, as both institutional and retail investors brace for further volatility.

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Stock Market

Indian stock markets continued their upward march for the fourth consecutive session on Tuesday, October 7, 2025, as investors showed renewed confidence in large-cap banking stocks. The momentum was largely fueled by sustained buying in HDFC Bank and ICICI Bank, supported by strong domestic institutional activity, even as global cues remained mixed.

A Volatile Session Ends on a Positive Note

After a choppy session marked by frequent fluctuations, the 30-share BSE Sensex managed to settle higher by 136.63 points or 0.17% at 81,926.75. Intraday, the index climbed as much as 519.44 points to touch 82,309.56 before witnessing mild profit booking. Similarly, the broader 50-share NSE Nifty edged up by 30.65 points or 0.12% to end at 25,108.30, maintaining its hold above the 25,000 mark.

Banking Stocks Power the Rally

Heavyweight banking counters remained the key drivers of the day’s gains. HDFC Bank and ICICI Bank led the charge, attracting fresh buying interest from both retail and institutional investors. Other major gainers included Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, Bajaj Finance, and Tata Steel, which provided strong support to the indices.

However, not all sectors shared the optimism. Axis Bank, Tata Motors, Trent, and Infosys registered marginal losses, capping the market’s overall upside.

Institutional Investors Continue to Influence Market Mood

Data from exchanges showed that while Foreign Institutional Investors (FIIs) sold equities worth ₹313.77 crore on Monday, Domestic Institutional Investors (DIIs) emerged as net buyers with purchases totaling ₹5,036.39 crore. This robust domestic participation helped offset the foreign outflows, reflecting growing faith in India’s long-term economic outlook.

Mixed Global Cues Keep Investors Cautious

Asian markets painted a mixed picture. Japan’s Nikkei 225 closed in the green, while Chinese and South Korean markets remained shut for holidays. European equities traded on a mixed note during the session, and Wall Street had ended mostly higher in the previous day’s trade.

Meanwhile, global crude oil prices softened slightly, with Brent crude slipping 0.15% to $65.37 per barrel, offering some relief on the inflation front.

Previous Session Recap

In the previous session on October 6, the Sensex had surged by 582.95 points or 0.72% to close at 81,790.12, while the Nifty climbed 183.40 points or 0.74% to end at 25,077.65, marking a strong start to the week.

Market Outlook: Consolidation Ahead?

Market analysts suggest that while the recent rally has been encouraging, the indices might enter a brief consolidation phase as investors await upcoming quarterly earnings and inflation data. The strong performance of banking and financial sectors could continue to lend support, but global economic signals and oil price movements will likely shape short-term trends.

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Bitcoin

Bitcoin has once again rewritten history. On October 5, 2025, the world’s largest cryptocurrency crossed the $1,25,000 mark, setting a new record amid rising investor demand during the ongoing US government shutdown. According to Bloomberg, Bitcoin touched $1,25,689, surpassing its previous peak of $1,24,500 from August 2025.

At 1:10 pm on October 5, data from CoinMarketCap showed Bitcoin trading near $1,24,710, with a market capitalization of $2.48 trillion.

Investors Turn to Bitcoin Amid US Shutdown

The current rally comes as investors seek safe havens amid economic uncertainty in the United States. The government shutdown has prompted a capital shift away from traditional assets and toward cryptocurrencies.

Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, noted that “the shutdown matters,” highlighting that the political and economic instability in Washington has amplified Bitcoin’s role as a hedge asset.

Kendrick also attributed part of the rally to a pro-crypto stance under Donald Trump’s administration, which has fostered growing confidence among digital asset investors.

ETF Inflows and Market Sentiment Fuel Momentum

Beyond macroeconomic factors, institutional participation is playing a major role in Bitcoin’s latest ascent. According to CoinMarketCap, exchange-traded fund (ETF) inflows reached $3.24 billion last week alone, with consistent buying pressure reducing available supply.

This sustained demand from ETFs has strengthened Bitcoin’s position as “digital gold,” with its market cap now rivaling that of silver. Analysts suggest that ETF-driven inflows have created upward momentum that could push prices toward $1,35,000, though some caution that such levels may trigger short-term corrections.

Declining Trade Volumes Indicate Long-Term Holding

Interestingly, despite soaring prices, Bitcoin trade volumes fell nearly 29% from the previous day to $57.94 billion, signaling that most investors are holding rather than selling. This long-term holding behavior supports the narrative that Bitcoin is maturing as a stable asset class rather than a speculative vehicle.

Support from Broader Financial Markets

Stock markets have also shown resilience, indirectly aiding Bitcoin’s upward trajectory. Optimism surrounding potential Federal Reserve rate cuts in October has added to the bullish sentiment. Lower interest rates typically favor high-risk assets like cryptocurrencies, as liquidity increases and borrowing costs decline.

Ethereum, Tether, Binance, and XRP Also Rise

Bitcoin’s rally has lifted the broader crypto market. Key altcoins followed the upward trend:

  • Ethereum (ETH): Up 0.49% to $4,584.19, market cap $553.9 billion
  • XRP: Gained 0.61% to $3.05, market cap $182.69 billion
  • Tether (USDT): Slight rise of 0.01% to $1, market cap $177.0 billion
  • Binance Coin (BNB): Up 0.43% to $1,175.34, market cap $163.56 billion

The synchronized growth across leading tokens underscores renewed investor enthusiasm for the crypto sector.

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Sensex , Nifty

Indian equity markets ended lower on Tuesday, September 30, 2025, marking the eighth consecutive day of losses. Persistent foreign fund withdrawals and caution before the Reserve Bank of India’s upcoming interest rate announcement weighed heavily on investor sentiment.

Volatility Dominates the Trading Day

The BSE Sensex gave up early gains and closed 97.32 points, or 0.12%, lower at 80,267.62. During the session, it touched an intraday high of 80,677.82 and a low of 80,201.15. Over the past eight sessions, the benchmark has slipped by 2,746.34 points, translating into a decline of 3.30%. The NSE Nifty also ended in the red, down 23.80 points or 0.10% at 24,611.10.

Sectoral Performance: Metals and Banks Resist Pressure

While realty and consumer durables shares faced notable selling pressure, select metal and banking counters showed resilience. Analysts noted that investors largely stayed on the sidelines, waiting for clarity from the RBI’s Monetary Policy Committee, which began deliberations on Monday.

Top Gainers and Losers

Among the Sensex constituents, ITC, Bharti Airtel, Trent, Bajaj Finserv, Titan, and Reliance Industries were the major drags on the index. On the other hand, UltraTech Cement, Adani Ports, Tata Motors, Bharat Electronics, Bajaj Finance, and Hindustan Unilever managed to end the session with gains, offering some support to the benchmarks.

Global Market Sentiment

Asian markets offered mixed signals. Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng closed higher, while South Korea’s Kospi and Japan’s Nikkei 225 ended in negative territory. European stocks traded on a mixed note in early hours, whereas U.S. markets posted gains in the previous session.

Fund Flow Dynamics

Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹2,831.59 crore on Monday. In contrast, Domestic Institutional Investors (DIIs) stepped in with net purchases of ₹3,845.87 crore, preventing deeper losses for the Indian markets.

Oil Prices in Focus

In the commodities market, global oil benchmark Brent crude eased 1% to $67.29 a barrel. Analysts highlighted that softer crude prices may provide relief to India’s import bill and inflation outlook, but investor attention remains firmly on the RBI’s policy stance.

All Eyes on the RBI

The outcome of the RBI’s Monetary Policy Committee meeting, due on Wednesday, will set the near-term direction for the markets. With inflationary pressures still elevated and growth concerns lingering, investors are bracing for either a cautious pause or a calibrated hike.

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