Odaily: US President Trump said, "The United States did not pay Iran $300 billion. That's fake news! The US only has success, low oil prices, and victory. Look at the stock market."
Odaily reported that according to sources, the investment banking team collaborating with SpaceX (SPCX.O) is expected to hold investor conference calls as early as next week to discuss launching a bond issuance plan after the company completes its record-breaking IPO. Sources indicated that the bond issuance is expected to be at least $20 billion, with investor outreach potentially starting as early as Monday; the relevant plans and timelines are still subject to change.
SpaceX plans to issue investment-grade dollar-denominated bonds for the first time, and the proceeds from the bond issuance will be used to replace a $20 billion bridge loan due in September 2027. According to IPO filing documents submitted by SpaceX to the U.S. Securities and Exchange Commission, as of March 31, this bridge loan accounted for the majority of the company's $29.1 billion in long-term debt. Sources said that Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley jointly provided this bridge loan and will lead underwrite the bond issuance. (Jin Shi)
Odaily reported that, according to the Financial Times, under a provisional agreement reached between the United States and Iran, the Trump administration will allow Iran to access $6 billion in oil revenue held in Qatar to purchase American humanitarian supplies and non-sanctioned goods. (Jinshi Data)
Odaily Odaily reports that the United States and Iran have announced an immediate and permanent end to military operations on all fronts, including Lebanon. The United States will fully lift its naval blockade on Iran within 30 days.
Iran will ensure free and safe passage for merchant ships through the Strait of Hormuz for a period of 60 days. (Jin Shi)
Odaily reported that according to Politico: The White House has submitted a 'Memorandum of Understanding' to Congress aimed at suspending hostilities with Iran. (Jinshi)
Odaily Strategy's dividend-paying preferred stock Stretch (STRC) fell to a low of $82.53 on Tuesday, hitting its lowest level since its listing in July last year. The product currently offers an annual dividend yield of 11.5%, and Michael Saylor has previously compared it to money market funds and FDIC-insured bank accounts.
Since STRC's listing, Strategy has issued over $10 billion worth of related shares to accelerate Bitcoin purchases. The company currently holds 846,842 Bitcoin, valued at approximately $53 billion at the time of writing. Saylor stated in April that retail buyers hold about 80% of STRC and estimated that roughly 3 million households have allocated to this product.
In the STRC prospectus, Strategy disclosed that the value and liquidity of this preferred stock are subject to market fluctuations, interest rate changes, the lack of an established trading market, and its subordinated status relative to the company's debt. Last month, the company sold 32 Bitcoin to manage the recurring costs of STRC and stated that its Bitcoin reserve could cover 32 years' worth of dividends.
Odaily reported that on October 11, the insider whale "Garret Jin" lost $5.08 million today, with a total position value of $102.4 million, all in long positions. Among them, the Bitcoin long position is approximately $79.34 million, accounting for nearly 80% of the total holdings. Additionally, he holds long positions of about $22.86 million in ZEC and roughly $257,000 in UNI.
Currently, the BTC position has a floating loss of approximately $17.2 million, the ZEC position has a floating profit of about $893,000, and the UNI position has a floating loss of around $47,300. Over the past 24 hours, the account's perpetual contract losses were about $5.0897 million, and the total account assets are approximately $66.4465 million.
According to on-chain data, with the market decline, Machi Big Brother's (@machibigbrother, 0x020...872) 25x leveraged ETH position is being liquidated. He has already lost $320,000 today. The liquidation price for his new long ETH position is $1,685, and he currently holds 1,200 ETH in long positions.
Odaily reported, according to MSX.COM data, US stock storage concept stocks saw broad gains, with SanDisk rising over 10%, and Western Digital and Micron Technology each up more than 7%, driving the overall semiconductor sector higher.
Meanwhile, Marvell Technology surged over 11%, Intel climbed nearly 8%, and chip stocks including TSMC, Qualcomm, and Coherent also posted widespread gains.
According to MSX.COM, SpaceX (SPCX.O) has fallen below $177, now trading at $176.33 with a 24-hour drop of 9%.
Odaily Odaily: US Vice President Vance: 12.5 million barrels of oil passed through the Strait of Hormuz last night. Nearly ten vessels have passed through the US blockade.
So far, Iran has been fulfilling its obligations under the agreement. The only way for Iran to benefit is for them to behave well. (Jinshi)
Odaily Odaily reports that Amazon (AMZN.O) is in discussions to sell its custom artificial intelligence chips to other companies' data centers, a critical expansion move in its attempt to challenge Nvidia's (NVDA.O) market dominance. (Jin Shi)
