Bitcoin moved toward $84,000 after New York Fed President John Williams said he does not expect rate hikes in 2027. Williams holds a permanent FOMC vote, so his view can shape risk demand. Crypto traders now watch U.S. inflation data, which could support or challenge the Fed's patient stance and drive near term volatility.

U.S. spot Bitcoin ETFs logged $175.7 million in net inflows in the latest daily tally, Farside Investors data shows. IBIT drew $65.9 million while FBTC added $103.1 million. Spot Ethereum ETFs took in $24.8 million, with FETH contributing $8.1 million and Grayscale Ethereum bringing in $16.7 million.

An Ethereum whale sold its entire 52,001 ETH stash and realized a $24.5 million profit. The sale marked a full exit for the large holder, based on available market data.

A structural shift is under way in India's festive-season gold consumption: high prices are pushing consumers to trade in old jewellery rather than buy new. In August, old-gold exchanges accounted for more than 50%, 55% and 73% of sales at leading jewellers Tanishq, Kalyan Jewellers and Joyalukkas, respectively. India's gold imports plunged 58% year on year to $2.3 billion, with volumes of just 15-20 tonnes. Gold's share of total merchandise imports shrank to 3% from 9% a year earlier.

Despite a 30-day gain of 64%, the token still sits roughly 68% below its price from a year ago and 97% below its all-time high.

Key takeaways - ASML posted Q3 2026 revenue of €11.66 billion and net income of €4.96 billion. - The company raised its full-year 2026 outlook again, to €44 billion–€45 billion. - Shares barely moved on the results, despite the strong numbers. ASML reported a sharp jump in third-quarter revenue and profit on Wednesday, powered by booming demand for AI chips that is driving spending on advanced semiconductor manufacturing equipment. The Dutch chip-equipment maker booked Q3 2026 net sales of €11.66 billion, up from €9.33 billion in the prior quarter and €7.52 billion a year earlier. Net income climbed to €4.96 billion from €2.13 billion in Q3 2025. Basic earnings per share reached €12.95, against €5.49 a year ago, and gross margin rose to 57.5%, beating the company’s earlier Q3 guidance range of 55% to 57%. Source: ASML. Outlook raised for a third time The strong quarter prompted ASML to lift its full-year outlook for the third time this year. The company now expects 2026 net sales of €44 billion to €45 billion, narrowing its previous €43 billion–€45 billion range and raising the lower end. Full-year gross margin is forecast at about 56%. For the fourth quarter, ASML guided to sales of €14.2 billion to €15.2 billion and a gross margin of roughly 57%. The results show how heavily AI infrastructure investment is flowing into ASML. Chipmakers are expanding output of advanced logic and memory chips, lifting demand for its lithography systems. ASML sold 113 new lithography systems in the quarter, up from 86 in Q2. Installed Base Management sales increased to €3.29 billion from €2.76 billion. Muted stock reaction The market’s initial response was subdued. Amsterdam-listed shares traded around €1,512.50 in early premarket action, after falling 4.2% on Tuesday ahead of the release. US-listed shares closed Tuesday at $1,717.76. The tepid reaction suggests investors had already priced in exceptionally strong growth. ASML shares have climbed sharply in 2026 on bets that AI-related semiconductor spending will underpin years of demand for its advanced chipmaking machines.

New York Fed President John Williams said it may take more than two years for AI equipment supply to meet demand, potentially adding inflationary pressure. He reiterated the Fed may need one more rate hike this year. Williams expects AI investment to remain strong despite higher rates. The shortage could impact Bitcoin miners entering the AI sector, as they compete for chips and power.

The Centre has released 1.4 million tonnes of sugar for the second half of October as mill prices surge; it has also cut stock limits for dealers to curb price rises ahead of Diwali

A whale who bought 257,928 HYPE at $3.50 each two years ago sold another 100,276 HYPE for $8.17 million six hours ago. Over the past week, the whale deposited 131,421 HYPE worth $11.77 million at $89.56. The wallet still holds 140,506 HYPE worth $12.2 million. Total profit exceeds $23 million, a 26x return.