Key takeaways

• XRP rose more than 8% in 24 hours as the broader crypto market rallied.
• Its trading volume increased 55% to approximately $4.7 billion.
• Crypto-wide short liquidations reached about $665 million; that figure is not specific to XRP.

XRP outpaces major cryptocurrencies

XRP gained more than 8% over 24 hours amid a broad cryptocurrency rally. Trading volume rose 55% to approximately $4.7 billion, equivalent to about 5% of XRP’s circulating market value.

The higher volume shows that trading activity increased alongside the price. It does not, by itself, establish how much of that activity came from new buyers rather than sellers closing positions.

A wider short squeeze may have contributed to the move. Across the crypto market, short liquidations climbed to approximately $665 million, according to the figures cited in the report. Liquidations force some traders betting on falling prices to close their positions, which can amplify a rally.

XRP’s gains also come as Ripple continues to expand its payments business and develop uses for the XRP Ledger.

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The report points to a newly released developer kit for building AI agents that can make payments using the ledger and Ripple’s RLUSD stablecoin. It also describes Stripe as potential supporting infrastructure for that use case. The scale of any resulting payment activity remains to be seen.

Meanwhile, two XRP Ledger proposals under consideration could help establish a framework for lending that uses XRP as collateral and RLUSD for settlement. Their eventual effect depends on approval, implementation and adoption.

RLUSD’s market capitalization was near $2.4 billion in the figures cited by the report. Growth in the stablecoin may increase activity in Ripple’s ecosystem, though it does not guarantee a corresponding rise in XRP’s price.

XRP faces $1.50 breakout test

The technical analysis in the report identifies a breakout from a descending flag pattern on XRP’s daily chart. 

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The next test is $1.50: a sustained move above that level would strengthen the case for a rise toward $1.80.

The analyst also projects a medium-term target of $2.10 based on the pattern’s measured move, implying roughly 41% upside from the price used in that forecast.

Those targets remain conditional. After a sharp rally and substantial short liquidations, XRP will need continued buying interest to hold its breakout and advance through $1.50.

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The 10-year Treasury yield fell to 4.951% on Monday, retreating further from last week’s 19-year high of 5.041%. HSBC now sees the yield closer to 4.65%, not 6% by year-end, arguing the retreat has room to run.

Falling oil prices and hope for a deal with Iran calmed markets Monday. That marks a sharp reversal from the hawkish mood that drove last week’s spike.

HSBC’s Treasury Yield Forecast Turns More Hawkish

HSBC actually lifted its entire Treasury curve forecast this month. It raised its two-year year-end forecast to 4.20% from 3.85%, and its 10-year target to 4.65% from 4.30%. The bank still expects the Federal Reserve to hold rates through 2027 as its base case.

However, HSBC now sees near-even odds of a hike this cycle. It called the Federal Open Market Committee’s (FOMC) internal debate “on a fine edge.”

The bank credited Fed Chair Kevin Warsh’s Jackson Hole remarks with easing summer’s term premium. Persistent fiscal deficits, it said, will keep pressure on the curve further out.

“An increasingly asymmetric skew in dual mandate risks means the distribution of potential outcomes has changed, and we think this likely sustains upward pressure on front-end yields even if the Fed doesn’t tighten policy in the near term.”

(HSBC)

Where Other Forecasters See the 10-Year Yield

Not everyone agrees on the destination. Miller Tabak’s Matt Maley calls 4.8%, the more urgent test. He warned a sustained break above it could ripple into other assets.

Deutsche Bank’s data on past tightening cycles suggests a 6% run is more a 2027 story than a near-term one.

iCapital’s 5.3% forecast lands higher still, with Dan Suzuki pointing to oil rather than the Fed as the driver. ZeroHedge’s bear case argues 6% arrives regardless of how orderly the path looks.

Forecasts now cluster between 4.65% and 5.3%. That makes a decisive break above 4.8%, not a leap to 6%, the nearer-term signal to watch.

This week’s Purchasing Managers’ Index (PMI) data, jobless claims, and several Fed speeches should test which camp is right.

The post As Yields Retreat, HSBC Sees 10-Year Treasury at 4.65%, Not 6%, by Year-End appeared first on BeInCrypto.

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SpaceXAI shipped Grok 4.7, and independent scores place it fourth among frontier AI labs. 

Artificial Analysis, an independent benchmarking firm, scored the model at 46 on its Intelligence Index, 2 points above Grok 4.6. Claude Fable 5.1, GPT-6 Astra, and Claude Opus 5 all rank higher.

Grok 4.7 Pushes SpaceXAI Into the Top Four AI Labs

Elon Musk said before launch that the model would run on a 2.1-trillion-parameter base and exceed all current models. He added that the model training included SpaceX company data. 

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But how does Grok 4.7 actually perform? On AA-Briefcase, an Artificial Analysis benchmark for realistic professional work tasks, Grok 4.7 scored 1657 Elo. That marks an 111-point jump over Grok 4.6 and brings the model’s level close to Claude Opus 5.

On GDPval-AA, the model reached 1695 Elo, which puts it 90 points ahead of its predecessor. Coding results moved in the same direction.

Paired with Grok Build, its own coding agent, Grok 4.7 scored 56 on the Coding Agent Index. That is nine points above Grok 4.6. 

The model passed GPT-5.6 Sol and now trails only Anthropic’s Claude Fable 5.1, GPT-6 Astra, and Opus 5. 

“Grok 4.7 scores 46 on the Artificial Analysis Intelligence Index to bring SpaceXAI into the top 4 AI labs. Coding Agent Index performance has also improved, overtaking GPT-5.6 Sol,” the post read.

Elsewhere, the model barely moved. It gained 4.5 percentage points on Terminal-Bench 4.0 and 3 points on GDP.pdf. Scores slipped on the AA-LCR and AutomationBench-AA tests. Grok 4.5 topped AutomationBench in July, which backed Musk’s claim that it matched Claude Opus.

The Gains Come With a Token Bill

The rate card did not change. Grok 4.7 still costs $2 per million input tokens and $6 per million output tokens. Cache hits stay discounted to $0.50, and the 500,000-token context window carries over from Grok 4.6.

The model does considerably more work for each answer, however. Artificial Analysis measured roughly 81,000 output tokens per Index task, against 36,000 for Grok 4.6 and 27,000 for GPT-6 Astra. Therefore, steady per-token pricing still produces a higher bill per task.

That appetite for tokens lands on a division that has already reported a $1.26 billion loss. Meanwhile, Musk said on September 14 that Grok 4.8 would finish training within a week.

He also expects Grok 5 to be the model that reaches artificial general intelligence. The next release will test whether SpaceXAI can climb the rankings without burning additional compute to do so.

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Jim Cramer used a decade of interviews with Tim Cook to argue that Apple’s growth story is nowhere near finished, even as Cook hands the CEO title to John Ternus.

On a CNBC Mad Money “master class” segment built from calls and sit-downs going back to 2015, Cramer’s throughline is his old mantra to own Apple rather than trade it, and he says the mechanisms Cook built to support that call are still compounding long after his exit.

The Buyback Engine

Cramer’s strongest data point is arithmetic, not sentiment. Since Cook took over in 2011, Apple’s share count has shrunk by more than 40% through buybacks, while the dividend has risen every single year.

Combined with what Cramer calls the industry’s best balance sheet, that shrinking share count did much of the heavy lifting behind Apple’s roughly 2,300% stock rally, a run that also helped push Apple past Nvidia as the world’s most valuable company earlier this year.

It is also the mechanism Cramer expects to keep working long after Cook has left the building.

The AI “Laggard” Defense

Cramer flips the AI criticism on its head. While hyperscalers burn cash building out data centers, Apple keeps capital spending low. Apple also reportedly still collects roughly $20 billion a year from Google alone to remain the iPhone’s default search engine, a deal Cramer argues quietly outweighs whatever Apple pays for its AI tie-in with Google’s chatbot, Gemini.

In his telling, a company that isn’t racing to wreck its own balance sheet on AI infrastructure isn’t lagging so much as picking its spots.

“The man doesn’t get the credit he deserves.”
— Cramer

That’s the case Cramer is making for Cook’s legacy as Ternus takes the wheel: a capital-return machine and a services business built to outlast any one product cycle.

Whether that’s enough on its own, or whether Ternus needs to add a genuine AI push of his own, is the open question Cramer’s tribute conveniently leaves for someone else to answer.

The post How Tim Cook Set Up Apple Stock's Next Growth Era, Explains Jim Cramer appeared first on BeInCrypto.

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The Office of the Comptroller of the Currency granted Bastion conditional approval on September 18 to operate as Bastion Platforms National Trust Company, a non-depository national trust bank focused on stablecoin services.

The approval, set out in Corporate Decision 1391, lets the stablecoin infrastructure firm convert its New York state trust charter into a federal one under OCC Charter #27198. The charter is not final: Bastion must still satisfy the OCC’s pre-opening requirements before the company can begin operating under it.

Under the charter, Bastion will offer stablecoin custody and wallets, payment infrastructure, payment clearing, minting, redemption and white-label stablecoin issuance from a single federally regulated entity. Those services also cover fiat conversions involving compliant digital assets such as USDC. As a non-depository institution, the company cannot accept deposits or make loans and carries no FDIC insurance.

Federal supervision sits on top of the state licenses Bastion already holds. The company acquired its New York limited-purpose trust charter in February 2025 through the purchase of Dibbs Trust Company.

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Bastion CEO Nassim Eddequiouaq said in the company’s announcement that the charter is aimed at major financial institutions planning stablecoin products. “Stablecoins have moved from emerging technology into core financial infrastructure, and that requires a different standard of trust, governance and regulatory rigor,” Eddequiouaq said.

The OCC authorized conditional trust charters for two other firms, Catena and Agora, the same day.

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President Donald Trump and Chinese leader Xi Jinping meet in Washington this week for their second summit of the year. The meeting came at a time where Wall Street suddenly turned bullish.

The visit aims to shore up a fragile trade truce as artificial intelligence, tariffs, and Iran sanctions complicate the agenda. The outcome of the meeting is being closely watched by the markets for any more positive signs to bolster the burgeoning rally.

Markets React

Wall Street rallied Monday as AI-linked stocks led gains ahead of the summit.

The S&P 500 climbed 1.5% to post its best day since Aug. 4. The Nasdaq Composite jumped 2.3% for its first record close since June.

Intel, Advanced Micro Devices, and Qualcomm all posted double-digit percentage gains.

Oil prices fell more than 4%, and Treasury yields eased. Middle East tensions had pushed both higher in prior sessions.

The Federal Reserve raised interest rates last week for the first time in three years. Analysts pointed to persistent energy prices as a key inflation risk.

What’s Happened Between China and US Before?

A one-year truce reached in Busan, South Korea, expires Nov. 10, a week after the US election. Analysts expect a modest extension rather than a breakthrough deal this week.

Tariffs on both sides remain elevated despite last year’s de-escalation.

The effective US tariff rate on Chinese goods sits near 23%. That is among the highest levels charged to any major trading partner, according to the Penn Wharton Budget Model.

Under the Busan deal, China agreed to suspend rare earth export controls and buy US farm products. Washington eased some tariffs in return.

Treasury Secretary Scott Bessent said Monday the truce would likely hold. He pointed to progress on a proposed reciprocal tariff cut covering non-critical goods.

Artificial intelligence has emerged as a central flashpoint in the talks. Trump has pushed for unrestrained AI infrastructure growth. He wrote in a Truth Social post that the US is winning the artificial intelligence race.

“WHOEVER WINS AI, WINS! We are leading China, and all others, and will continue to do so.”
Trump, Truth Social

Bessent said the two countries discussed a dialogue to notify each other of AI-related incidents.

What to Watch

Iran sanctions loom over the talks. Washington has targeted Tehran’s financial enablers, putting China, Iran’s largest trading partner, in the spotlight.

Bessent said the two governments discussed the sanctions program over the weekend. No direct action against Beijing has been announced.

Bank of America Global Research analysts see a full one-year truce extension as the base case. They also flagged potential Chinese purchases of additional Boeing aircraft.

Deeper concessions on semiconductor access or export controls appear unlikely, the same analysts said.

With the truce set to lapse just after the US election, this week’s outcome carries weight. It will help shape market direction into year-end for AI-exposed equities and energy prices.

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Wall Street strategists say markets have cleared several of September’s biggest fears. Bitcoin (BTC) jumped more than 6% to trade near $86,600 as risk appetite returned.

Anastasia Amoroso is chief investment strategist at Partners Group. She told CNBC’s Closing Bell that fears over oil, artificial intelligence (AI) safety and higher rates have eased. That has cleared room for stocks to climb further into year end.

Fed and BOJ Hikes Fail to Rattle Markets

The Federal Reserve and the Bank of Japan (BOJ) both raised interest rates this month. The move initially unsettled investors bracing for tighter policy.

Ryan Detrick, chief market strategist at Carson Group, said the Fed’s tone came across as more dovish than expected. That has helped extend a stretch in which the S&P 500 has gone 37 days without a 1% decline.

That steadiness echoes a market’s resilience pattern strategists have flagged recently. Investor caution, in that view, has acted as fuel rather than a warning sign.

Katie Stockton, founder of Fairlead Strategies, said mega-cap technology and semiconductor stocks are again leading the advance. She called that rotation necessary for the broader uptrend to hold.

Will the Bitcoin Rally Follow Stocks Higher?

The optimism raises a pointed question for crypto investors. Will Bitcoin ride the same wave if equities keep climbing into the fourth quarter? Or will capital rotate back toward traditional assets instead?

Bitcoin’s history offers a mixed answer. The asset has previously sat out stock rallies entirely, breaking from its usual role as a high-beta tech proxy.

For now, Bitcoin’s price move over the past day tells a different story. Traders appear to be reading a more dovish Fed as bullish for both markets at once. That reading treats it as a tailwind, not a reason to rotate away from crypto.

Whether that alignment holds may depend on earnings and Fed commentary in the coming weeks. It will also hinge on whether the Bitcoin rally can keep pace with equities into the fourth quarter.

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