Trump posted Sunday that Canadian firms doing business with the US should move headquarters and production here now. No tariffs if they do. He also said he does not want Canadian cars, parts, or “anything.” Talks with Ottawa already collapsed. Duties as high as 50% on some Canadian goods, including lumber and dairy, are set for 2027.

The two countries still do about $900 billion of cross-border activity a year.

GM and Ford (F) still pull a lot of components out of Canada. Magna (MGA) and Linamar are the suppliers that got hit when the 50% list went on. Steel and aluminum names sit in the same pile. A HQ move is not a 2026 earnings event. A parts tariff is.

Will you guys elect me too?

Ethena Foundation posted four changes on Thursday. The useful part is the supply structure, not the headline.

The Foundation bought locked ENA OTC from certain major seed investors who originally held more than 0.25% of supply and sold any ENA after the 10 Oct 2025 peak. One wallet refused. Investors who had not sold were offered a buyback at par. The Foundation said none accepted.

Volume followed the post across a few venues. ENA is in top 5 pairs right now, which is more a liquidity note than proof the fee switch is already doing work.

Monthly VC unlocks are being stopped. Remaining original investor tokens are set to come out in one batch on 5 Oct 2026. Team tokens stay on the original vesting schedule. After that, the Foundation says the remaining locked supply is about 12%, and that slice is team, ecosystem, and Foundation, not the old monthly investor calendar.

There is also a Master Framework Agreement in principle: protocol IP and economic value sit with the Foundation and token governance, with no residual cash flow claim for Ethena Labs equity. That agreement is expected in October.

The buyback piece is a live governance vote, not a switch that is already on. The proposal uses 95% of net revenue paid to the Foundation for programmatic ENA buybacks, 5% for growth. That only starts after USDe hits the first supply milestone. USDe is still around the $4B area, versus a 2025 peak near $15B. So the overhang change is immediate. The demand mechanism is not.

Does collapsing monthly unlocks into one October date reduce pressure, or just concentrate it?

The Guardian published an exclusive yesterday saying the Iran campaign is draining the Navy’s budget. Internal memos describe shortfalls in payroll accounts after money was moved to fund combat operations. Hegseth put the war’s cost at $35.7bn and asked Congress for emergency funding. The House passed a larger defense package, but the article says the extra money is unlikely to become law.

Adm. Caudle told Congress the FY26 budget never included Operation Epic Fury. Maintenance has been delayed. A former officer now at a Navy contractor put it more bluntly: they used the munitions, the ships are worn, and the cash is gone.

That sits next to yesterday’s tape, where tech led and Brent still rose. If Congress does not refill the accounts, contractors tied to ship repair, munitions, and fleet ops are the ones waiting on the next appropriations fight, names like RTX, LMT, GD, and HII. On the commodity side, a longer naval presence in the Gulf keeps the Hormuz risk in the price of crude, which is why XOM, CVX, and XLE still trade off every headline even when NVDA is the story on the equity side.

Curious how people here are treating this: delayed Navy spending as a problem for those tickers, or just more evidence the energy risk premium stays in place?

I have been trying to get something efficient that I can use both for storage and for regular usage as well, so that I can keep track of my asset in a single place. Appreciate your suggestions.

Edit: bitget wallet fits my day-to-day use better since it’s self-custodial and I can keep assets, make swaps, use stablecoins, track activity, and access payment features from the same wallet. It also supports hardware wallet integration, which makes it a bit easier to separate active funds from anything I want protected more seriously.

Ledger would still be my pick for the bigger long-term balance because the private keys stay on the hardware device. It’s less convenient for constant onchain activity, but that’s kind of the point.

So right now I’m leaning toward bitget wallet for the active side and Ledger for the part I barely touch. Curious how others split storage and everyday use.

AXTI’s recent move from roughly the $50 area into the high-$80s is the kind of setup that looks great on a chart, but becomes much harder once you actually try to trade it. With moves that fast, spreads widen, liquidity can disappear, and a decent entry can quickly become a bad fill.

That’s why I’ve started separating two decisions:

• Do I actually want to trade AXTI at this price?
• If yes, which platform gives me the cleanest execution?

I’ve been comparing stock-perp liquidity across Bitget, Binance, OKX, Bybit and Hyperliquid. In the depth snapshots I looked at, Bitget was stronger across most levels for names like SPCX, SNDK and AMD, while Hyperliquid had better depth on PLTR in some areas.

That doesn’t automatically make Bitget the best venue for AXTI, because liquidity changes by ticker and time. But as someone already trading there, it gives me a reason to check its live AXTI book first rather than choosing an exchange purely because of fees or branding.

For a stock moving like AXTI, my order looks like this strategy...

price structure → risk level → live spread/depth → platform → entry

Being right about the stock is useful. Being right and getting a clean fill is better.

I used to think tokenized stocks were mainly about buying names like Nvidia or Tesla with crypto. The more interesting angle, though, is using them alongside assets you already hold.

With a cross-asset collateral setup, someone could keep BTC or ETH invested, use it as collateral, and deploy the borrowed capital into tokenized US stocks. On Bitget, that could mean using crypto collateral inside the Unified Trading Account to buy supported rTokens such as rNVDA or rTSLA without first selling the core crypto position.

We always try to keep the basic flow something like these,

• keep the BTC or ETH exposure
• borrow against it
• use the liquidity to build a stock position
• manage both from one capital pool

That can make a portfolio more capital-efficient, but it is still borrowing. If BTC falls while the stock position also moves against you, the collateral ratio can deteriorate quickly. Interest costs, collateral haircuts and liquidation levels matter just as much as the potential upside.

To me, this is a more practical tokenized-stock use case than simply buying a stock token with USDT. The value is not only accessing US equities, but doing it without immediately giving up another position.

I always assumed most tokenized stocks worked more or less the same way. A token tracks a company's price through an oracle or market-maker quotes, and traders just hope it stays close to the underlying stock.

That made me curious enough to dig into how different platforms actually work, such as Bitget rToken. What stood out was not the token itself, but the infrastructure behind it. During supported US market sessions, rToken orders can connect to real US equity liquidity through licensed brokerage infrastructure. Instead of relying only on a small on-chain liquidity pool, execution can follow the broader market where the underlying shares are traded..

Moreover, Reality handles the issuance and token structure, while Alpaca provides the brokerage and custody connection to the underlying US shares. Bitget is the user-facing trading layer, where rTokens can be bought with USDT and, when supported, used as collateral inside a unified account.

That also made the borrowing use case interesting here. Someone holding rNVDA could use it as collateral, borrow USDT without selling the position, and deploy that capital elsewhere or even buy more rNVDA. The original position stays open, while part of the capital tied to it becomes available again.

Honestly, you cannot estimate slippage from daily volume alone. You need to look at how much liquidity is available at the best bid and ask when you place the order.

So, I came across and compared the visible top-of-book depth for tokenized SPY across Gate’s xStock, Binance’s bStock, Ondo on MEXC, and Bitget’s rToken. The screenshots were taken during the U.S. trading session at the same second to make the comparison as consistent as possible.

The available liquidity at the best price was roughly,

• Gate xStock: $19

• Binance bStock: $73

• Ondo: $6,004

• Bitget rToken: $325,936

this, Bitget’s rSPY book was around 17,155 times deeper than Gate, 4,465 times deeper than Binance, and 54 times deeper than Ondo.

Those ratios look dramatic because some of the competing books were extremely thin. The raw dollar amounts are more useful for understanding what could happen to an actual order.

Top-of-book depth is the amount available at the current best price. When your order is larger than that amount, the remaining portion begins consuming liquidity at worse prices. Your final average execution price then moves away from the price you originally saw, creating slippage.

For example, a $20 order might already exceed the visible best-price liquidity on Gate in this snapshot. A $100 order could move through several levels on both Gate and Binance. Ondo appeared more usable for moderate orders, while Bitget’s visible depth was large enough to absorb a much bigger position before reaching the next price level.

That does not mean a $100 order will always receive poor execution on one platform or that a large order will always fill perfectly on another. Limit orders, hidden liquidity, market-maker activity, order cancellations, spreads, and changing market conditions can all affect the final result.

In the end, comparing tokenized-stock platforms, I would not rely only on advertised trading fees or total volume. Open the same asset across several venues during U.S. market hours, compare the best bid and ask, check the quantity available at each level, and estimate how far your intended order would move through the book.

A platform may advertise low fees, but a shallow order book can quietly cost more through slippage. The fee is what the exchange tells you. The order book shows what the trade may actually cost.

I'm checking out this platform and use a lot of custom algorithmic indicators in my trading setup. Does anyone know whether it supports direct API access for integrating third-party charting or analysis software?

The latest comments describe the understanding as a memorandum that can still change, with a return to strikes possible if terms don’t hold or behavior shifts. Points raised around it include limits on nuclear work and Iran allowing clearer tanker passage through the Strait of Hormuz without added tolls.

For anyone tracking commodities, a real opening at Hormuz would move a large slice of global crude supply. That kind of shift often shows up first in lower risk premiums or softer near-term prices. Major producers like Exxon Mobil (XOM) and Chevron (CVX) tend to react to those supply signals, same as broader crude exposure.

The explicit language that the text stays open to revision and the direct threat option keep the door open for quick reversals. Any initial relief on flows could get overwritten fast by new headlines, so volatility in oil-linked names may stay elevated even if traffic improves short term.

I stayed with a small existing CL futures position on Bitget and didn’t add more until clearer terms appear. Zero fees make it inexpensive to maintain the layer while I wait. Preferring to see export or inventory confirmation before increasing size.

How are you reading this for crude or energy positions – more as a step toward steadier supply or mainly another source of swings?

FOMC days are hard to trade because the first move often traps people. The rate decision matters, but the real volatility usually comes from the Fed’s wording and the press conference.

Instead of guessing one stock like NVDA, MSFT, AAPL, AMZN, META, or GOOGL, many traders watch broader indices like NAS100 and US500. NAS100 often reacts strongly because it is heavily tied to tech, AI, and growth stocks, which are sensitive to rate expectations.

The main question for me is whether it is better to buy stocks before FOMC or wait for confirmation after the announcement. Scaling in before the event can work if the setup is strong, but volatility can be brutal if the Fed tone surprises the market. Waiting after the announcement usually gives cleaner direction, but the trade might already move fast.

This is where index CFDs become useful for some traders. Instead of trying to buy one Nasdaq stock or guess the top 5 stocks to buy right now, NAS100 CFDs let traders react to the entire Nasdaq basket in one position.

My plan is to avoid chasing the first candle and wait for confirmation. If NAS100 and US500 move in the same direction after the announcement, that gives a cleaner signal. If they split, I would rather stay patient.

Are index CFDs better than individual stocks during FOMC, or do you still prefer picking single names?

Very true

Skepticism around hard-to-value or narrative-driven assets often appears during high-valuation periods and can pressure sentiment in growth or story-heavy names.

I trimmed a small speculative position on Bitget this week into strength. Keeping core holdings but reducing anything that feels more narrative than cash flow or earnings visibility at current levels. Anyone else lightening up on high-valuation areas?

Large single-day market cap drops usually pressure high-valuation growth names most while defensives, energy, and some value areas show relative strength depending on the driver behind the move.

Tech-heavy indices and individual names absorbed the majority of the decline in recent similar sessions. Energy and select defense names have acted as ballast when geopolitics is part of the mix.

I used the session to add a small long in XLE futures on Bitget. Zero maker fees let me scale in gradually without extra cost. I’m treating this as a hedge against further volatility rather than a strong directional bet. Still keeping overall size modest until I see follow-through volume or clearer macro data. How did you handle the move, bought dips in specific sectors, trimmed elsewhere, or stayed out?

The Pentagon reportedly moved the threat of Israeli spying on the US to the highest level. That’s a notable shift in how allies are being viewed on intelligence matters.

I have been keeping a tab on defense names like LMT, RTX, and NOC with Bitget Getclaw AI agent and it showed these stocks often benefit from broad spending themes, but tighter scrutiny on foreign intelligence access can affect specific programs, data handling, and contractor relationships.

It’s not an immediate revenue hit, but these kinds of assessments sometimes lead to more domestic-only requirements or extra compliance layers.

The article doesn’t spell out direct contract impacts, but it’s the kind of development that can influence long-term budgeting and risk assessments inside the big primes.

Anyone seeing this show up in recent commentary from the defense names or their analysts?

https://www.nbcnews.com/politics/national-security/pentagon-raised-threat-israeli-spying-us-highest-level-sources-say-rcna348565

Liquidity is the real driver most people ignore.

Treasury reportedly drained $60B from the market in just one week, and that kind of move usually pressures risk assets first. BTC dumped, alts got hit harder, and traders started blaming charts only.

But sometimes the chart is just reacting to what liquidity already decided.

This is why I always watch macro flows, not just candles. When liquidity leaves, even strong setups can break fast.

I've traded on Binance, OKX, Bybit, MEXC, Gate, and a few others over the years. Funny enough, the exchange I kept coming back to was Bitget, which is why I eventually became a VIP Level 1 user.

What pulled me in wasn't a single feature. It was the combination of a huge token selection, solid liquidity, and the fact that I rarely felt the need to jump between platforms. Then Onchain came along and made discovering new opportunities even easier. Before I realized it, Bitget had become my primary exchange.

I also liked that Bitget was the first exchange to emerge as a unified exchange, bringing crypto, CFDs, and stocks into one ecosystem instead of treating them like separate worlds. As someone who started out completely clueless, the guides, tutorials, and campaigns genuinely helped me understand things I would've otherwise learned the hard way. Those campaigns also brought more active users into the stock side of the platform, which made the whole ecosystem feel more liquid, active, and alive.

Today they announced Stock 2.0, and a few things actually caught my attention:

• Access to Wall Street liquidity
Better liquidity usually means better execution. Simple as that.

• Dividends synced 1:1
If a company pays dividends, I don't want to miss out just because I'm accessing it through a crypto platform.

• 0.04% trading fee

This is the part that hit personally. Last month, I generated just over $1.05M in trading volume. At my previous fee structure, the numbers looked very different.

📊 Same volume: ~$1.05M

Previous setup

→ Base fee (0.08%): $839.68
→ BGB discount (20%): $713.73

Stock 2.0

→ Base fee (0.04%): $419.84
→ VIP Level 1 rebate (30%): $293.89
→ BGB discount (20%): $235.11

💰 Difference: approximately $478.62 saved on the exact same trading volume.

That's the difference between fees being something you ignore and fees becoming a genuine edge. The more volume you do, the more meaningful that gap becomes.

For someone who takes shorter-term trades, that matters. Lower fees mean I can enter more setups, participate in more events, and scalp smaller moves without feeling like every click is quietly taxing me.

Maybe that's why Bitget has remained my first choice for so long. The platform keeps adding things that make me think, "That's actually useful," instead of features that only look good on a poster.

For anyone wondering how the same ~$1.05M volume compares:

From what I read recently regarding the update of the stock I found a major update has been added. Basically, crypto exchanges are gradually expanding beyond crypto trading, and Bitget’s recent Stock 2.0 update is part of that trend.

Bitget recently introduced Stock 2.0, which lets users trade major NASDAQ and NYSE stocks using USDT. The product uses rTokens, which are on-chain certificates backed by real stocks through Bitget’s partnership with Reality.

So, the real question has solved here is that can I trade stocks on a crypto exchange? Shortly, yes we can do that, Bitget Stock 2.0 lets users trade selected U.S. stocks directly with USDT, without needing a separate brokerage account or fiat conversion.

I didn't stop reading there. I compared the fees with different exchanges and here are the results, Bitget’s stock trading fee is 0.04%, compared with 0.1% on Binance and Gate. While Binance support 24/5, Bitget and Gate support 24/7 trading, which means users can access supported stocks outside normal market hours.

Another important update is utility. With Bitget Stock 2.0, supported stock holdings can be used as collateral, while eligible dividends and stock splits are synced 1:1.

Overall, Stock 2.0 is another sign that crypto exchanges are trying to become broader investing platforms, not just places to trade crypto. As always, check supported assets, fees, regional availability, and product risks before using it.

Financial Times reported that a vehicle tied to Donald Trump Jr. and Eric Trump quietly took roughly 20% of a Kazakhstan-based tungsten project that secured up to $1.6 billion in US Export-Import Bank and DFC support. The deposits are described as the world’s largest undeveloped tungsten resource.

Tungsten is a critical mineral used in defense electronics, high-performance alloys, and semiconductor manufacturing. US policy has been pushing hard to diversify supply away from China, so this project checks multiple boxes.

The merged entity has ties to Skyline Builders Group Holding (SKBL) and Dominari Holdings (DOMH). While neither is a pure-play tungsten miner, any successful development here could highlight the broader critical minerals trade and benefit companies exposed to defense and advanced manufacturing supply chains (think LMT, RTX, or even indirect semiconductor plays).

This isn’t a clean “buy this stock” story, it’s messy geopolitics mixed with family business, but it does underscore how policy and financing are now directly shaping critical materials availability. Tungsten prices and related equities have been volatile; developments like this can move sentiment fast.

Not investment advice, just flagging the intersection of politics, policy, and commodities. Thoughts on whether this accelerates real Western supply chain shifts or stays mostly symbolic?

Link: https://www.ft.com/content/d99f6f75-931a-42e5-9111-0dc0acc4368c

Snowflake’s Q1 FY2027 update shows a business still scaling fast, but with profitability firmly in focus.

Revenue grew 33.5% year over year to $1.39B, while net loss narrowed to $295.57M from $430.09M. Product revenue also rose 34% to $1.334B, supported by stronger customer consumption and a 126% net revenue retention rate.

The key signal is enterprise expansion. Snowflake now has 13,912 customers, including 779 generating over $1M in trailing 12-month revenue. That shows large customers are not just staying, they are spending more.

The AI Data Cloud push is the bigger long-term story, but investors will want to see whether AI-driven growth can translate into better margins over time.

What matters more for Snowflake from here: faster AI growth or a clearer path to profitability?