📊 #BITDailyChart# | As AI Mania Bypasses Crypto, NEAR-USDT Emerges as a Correlated Proxy Some crypto traders are frustrated that digital assets have lagged the AI trade's bullish momentum, which has instead concentrated in DRAM names, energy plays, and broad-based vehicles like Korea's EWY ETF. Yet select crypto tokens haven't been left out entirely. NEAR-USDT has shown a high correlation to the AI trade, both on the way up and the way down. Near Protocol markets itself heavily as an "AI + blockchain" play built around AI agents and data infrastructure, so its price often tracks AI-narrative sentiment rather than its own protocol fundamentals. As crypto keeps merging with TradFi, traders have growing options to express dominant macro themes. Disclaimer: This content is provided by a contracted analyst for informational purposes only and does not constitute investment advice. Investing involves risk. #BIT# #Crypto# #AITrade# #NEAR# #KOSPI# #TradFi#

StreetAccount’s Bull/Bear Talking Points for Week-ended 30-Oct: 🐻 Bearish talking points • Big tech pressured despite largely upbeat AI takeaways with softness in other segments at both Google and Amazon and some scrutiny surrounding Microsoft's planned $25B+ debt sale. Elevated expectations also highlighted. Core businesses funding for AI buildout under some scrutiny in big tech earnings with focus on Google Search and Amazon advertising slowdowns (stock weakness another potential stumbling block). Tech earnings-driven pullbacks not limited to hyperscalers with Intel, ServiceNow, Fortinet, Sandisk, Seagate, Twilio, Reddit and Roblox some notable decliners. Input cost pressures across a range of industries with diesel/commodities, logistics and memory all flagged. Signs of bifurcated consumer and continued ramp in affordability pressures. Housing and repair/remodel weakness still an earnings/macro theme, particularly amid elevated rate backdrop. Resumption of kinetic activity in the Middle East following midterm elections still the consensus as US reportedly told several Gulf nations to prepare for a possible "short, intense" campaign against Iran. No uptick in 2026 hyperscaler capex guidance, a key bullish driver for the AI picks-and-shovels trade, while also thoughts capex discipline may be needed to reverse some of the negative hyperscaler sentiment. 🐂 Bullish talking points • AI trade bounced over first three days of week with funding overhang dampened (Meta, SpaceX, Broadcom), Anthropic S-1 and Oracle analyst day. Hyperscaler cloud growth and backlogs highlighted strong AI demand and companies all noted demand still exceeds available capacity. AI-driven power and grid buildout continued to ramp, highlighted by the likes of GE Vernova, Vertiv, Hubbell, AEP and Baker Hughes. Resilient consumer backdrop in focus with big consumer confidence beat and good Q3 metrics/Oct commentary from Visa and Mastercard. Rotation > broad risk off as late-week tech pressure accompanied by better breadth. Strong deal and capital return activity, including report of potential $80B+ acquisition of Lumentum by Marvell. Middle East diplomacy push kept de-escalation path open despite expectations for resumption of kinetic activity. Fed delivered a bit less of the "hawkish hold" than some expected, with focus on Warsh acknowledgement of tighter financial conditions, belief economy not running too hot, and dissent composition. $GOOGL $AMZN $MSFT $META $AVGO $ORCL $INTC $NOW $FTNT $STX $TWLO $RDDT $RBLX $LITE $MRVL $GEV $VRT $HUBB $BKR $V $MA $ANT #Anthropic# #BullBear# #MarketUpdate# #Equities# #FinTwit# #AI# #Tech# #BigTech# #AITrade# #Hyperscalers# #CloudComputing# #Capex# #MiddleEast# #Iran# #Fed# #HawkishHold# #Consumer# #PowerGrid# #AIInfrastructure# #MarketBreadth# #FinTwit# Gain immediate access to earnings insights with #StreetAccount#:

AI spending isn’t SLOWING DOWN. 🔥 The Claude maker struck a massive $3.4 BILLION deal to power its data centers, FT reports. Anthropic took over existing orders for 1.7 GW of gas-fired generators, bypassing traditional power providers as surging demand makes the equipment harder to get. The deal is the LARGEST known single purchase of power-generation equipment by an AI lab. Anthropic’s IPO filing shows nearly $900 BILLION in computing and infrastructure commitments through 2045. The IPO could come as early as the week of Nov. 16, though no date yet is confirmed. Anthropic’s IPO valuation could show how much Wall Street is willing to pay for AI growth, a key insight for the broader dwindling AI trade.

AI TRADE CAUTIONARY SIGNAL • $ASX (ASE Technology Holding Co., Ltd.), FQ3 2026 call, reported 2026-10-29 • Speaker: Joseph Tung, management • Topic: Semiconductor Supply and Demand "I think the biggest bottleneck today is really still the space, although many different areas, we do have ourselves being constrained. But space is really one of the biggest constraints that we are facing today." • Bears on: Facility space constraint limiting ASE's ability to expand LEAP packaging and test capacity to meet demand.

AI TRADE CAUTIONARY SIGNAL • $GLXY (Galaxy Digital Inc.), FQ3 2026 call, reported 10/27/26 • Speaker: Christopher Ferraro, management • Topic: ai_capex_guidance "Financing markets have also become more selective, and we believe access to capital will increasingly favor developers with proven execution capabilities, high quality counterparties, and financing structures that appropriately allocate risk." • Bears on: Access to capital and financing for new data center developments