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☕️ GM Munchers! The only thing better than a Friday before a long weekend? Bitcoin smashing a new all-time high. Let’s break down what’s pumping—and what it means for your trades.

On today’s menu:

• 📉 Bitcoin Soars. Dalio Panics. Japan Cooks.

• 🍷 $TRUMP Coin: Now With Dinner Perks

• 🚀 Urban Outfitters & Intuit Fly

• ❌ There’s Something Wrong With Prop Firms

• 🏠️ Mortgage Rates Send SOS

Yesterday’s numbers:

BREAKING NEWS

🍚 Japan’s Inflation Hits 3.5%

The world’s most deflation-prone economy just posted its highest core inflation print in over two years.

• CPI: 3.5% YoY (vs 3.4% expected)

• Food prices are exploding—rice is up 54 yen in a week

• The BoJ is now maybe done hiking, as they monitor U.S. tariffs

Translation: Japan’s in a bind. Hike too much and they kill demand. Don’t hike enough and the yen tanks, making imports even more expensive. Classic central bank migraine—with a splash of wasabi.

🧵 Plain-English Play: Hot inflation could spook markets into a risk-off move (weaker JPY). But if the BoJ signals rate hikes, that’s usually yen-positive.

Truth is? The bond market’s driving the bus right now…

₿ Bitcoin Breaks $112,000

New day, new all-time high. 🚀 

BTC briefly topped $112K yesterday before settling around $111K. No fireworks. No mania. Just quiet, terrifying strength.

Why?

• BlackRock’s IBIT pulled $530M in one day

• Senate moved forward on the GENIUS Act for crypto

• Macro pressure (yields, debt, tariffs) = more capital into hard assets

Bitcoin’s not just pumping—it’s decoupling. While stocks sold off, BTC soared. That’s not retail FOMO. That’s institutions sniffing fear and front-running the fallout.

💡For traders:

• BTC is now the risk-off and risk-on hedge (confusing, I know)

• Strong hands, low volatility = buyers in control

• DXY drop? BTC goes turbo

🧨 Ray Dalio’s Bond Market Bomb

Ray Dalio just said the bond market should “scare” you—and not in a cute, Halloween way. He warned that U.S. debt is spiralling into unfixable territory, and investors are finally pricing that in.

Yields are now:

• 30-year: 5.14%

• 10-year: 4.59%

• 20-year: A disaster (flopped auction, yields spiked to 5.11%)

The problem? Nobody wants to fund America’s $36T debt binge—especially not with new tax cuts and more spending on the table.

💡For traders:

• Rising yields = lower bond prices = stocks hurt

• Long-duration tech at risk

• Watch, SPX, VIX and gold for signs of stress

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MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$MSFT ( ▲ 0.29% ) The FTC just rage-quit its case against Microsoft’s $69B Call of Duty deal. That seals the biggest gaming acquisition in history. Press F to pay respects.

$URBN ( ▼ 3.03% ) Urban Outfitters popped 20% after reporting a glow-up: sales up 10%, EPS up 78.5%. Apparently, Gen Z is still shopping between TikToks.

$INTU ( ▲ 0.37% ) Intuit beat the tax man and the Street. Posted $11.65 EPS vs $10.91 expected and $7.8B in revenue. Shares jumped 4% after hours. Turbo bullish.

$TUPBQ ( 0.0% ) Tupperware tanked 57% after news it’s planning to file for bankruptcy. Bad for leftovers. Worse for investors.

CRYPTO

🍷 $TRUMP Coin: Now With Dinner Perks

It’s not every day a meme coin buys you a filet mignon with a sitting president—but here we are.

This week, 220 top holders of the $TRUMP token attended a black-tie dinner at Trump’s private golf club. The coin, launched before his inauguration, raised a staggering $148M globally. The top spender dropped over $500K just to make the guest list. (And my wife says I overspend when I add guac.)

Most of the wallets belong to offshore traders and international whales—including Justin Sun, whose $20M stake makes him the biggest bagholder at the table. The coin briefly hit a $15B market cap in January… it’s now worth ~$2.1B. And no, that’s not a typo.

Why does this matter for traders?

→ Crypto is back in the political spotlight. The dinner followed a Senate advancement of the Trump-backed GENIUS Act—aimed at regulating stablecoins.

→ If meme coin whales can fundraise faster than VC firms, don’t ignore retail sentiment.

→ If this gains momentum, the playbook is simple: more pro-crypto policy → more flows into altcoins and majors → $BTC dominance dips → risk-on in the short term.

In the meantime, maybe I’ll launch my own coin—$DINNERWITHMRMUNCH.

Utility: You get to explain to my wife why I bought another top at ATH.

Might be priceless.

PROP FIRMS

❌ There’s Something Wrong With Prop Firms

🚀 Pre-Market Fuel

1. ✏️ Trump blocked Harvard from having international students.

2. 🏠️ Mortgage rates climb to the highest this century.

3. 🤔 A look at what the new Sam Altman and Jony Ive device might look like.

4. 🙏 A great photo to keep things in perspective as we head into the long weekend.

🍪 Munchy Memes

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