Israeli Prime Minister Benjamin Netanyahu on Monday praised President Donald Trump as the ‘greatest friend’ Israel has ever had, as Hamas released the last 20 living hostages under the new peace deal.
‘No American president has ever done more for Israel,’ Netanyahu said. ‘It ain’t even close.’
He thanked Trump for ‘standing up for Israel’ at the United Nations, recognizing Israel’s rights in the West Bank — or the Judea and Samaria — and withdrawing from the ‘disastrous’ Iran nuclear deal.
‘Thank you for supporting Operation Rising Lion and for your bold decision to launch Operation Midnight Hammer,’ Netanyahu said, referring to the June strikes on Iran’s nuclear sites. ‘Boy, you got to hear this — this is the most fitting name ever given to a military operation, because a little after midnight, you really hammered them.’
Netanyahu announced that he has nominated Trump to be the first non-Israeli recipient of the Israel Prize, which he described as the nation’s ‘highest award.’
During his own speech, Trump said of Netanyahu with a smile, ‘He’s not easy — not the easiest guy to deal with — but that’s what makes him great.’
After Hamas terrorists attacked southern Israel on Oct. 7, 2023, killing more than 1,200 people and taking around 240 hostages, which resulted in two years of fighting in Gaza and left tens of thousands estimated dead, Israel and Hamas agreed to a breakthrough peace deal last week after months of mediation by Trump administration officials.
The prisoner exchange between Israel and Hamas began Monday, with Hamas releasing the final 20 living hostages in exchange for Israel freeing 2,000 Palestinian prisoners. The release was part of a sweeping 20-point peace plan aimed at ending the conflict and rebuilding Gaza. So far, only four of the 28 presumed dead hostages have been returned.
Under the agreement, Israel halted military operations and withdrew to pre-defined lines while preparations began for a complete hostage exchange. Hamas members who renounce violence will be granted amnesty or safe passage, while those who continue resistance will be excluded from Gaza’s future governance.
Humanitarian aid — including critical supplies, infrastructure repair, and medical support — will flow freely into Gaza under the supervision of the United Nations, the Red Crescent, and other neutral organizations.
Gaza’s governance will transition to a technocratic Palestinian committee overseen by an international ‘Board of Peace’ chaired by Trump, alongside former British Prime Minister Tony Blair and other global leaders. This body will manage Gaza’s redevelopment until a reformed Palestinian Authority is prepared to take control.
A Trump-led economic development plan will seek to attract international investment and transform Gaza into a ‘thriving modern miracle city,’ supported by a special economic zone with preferential trade terms. The plan promises that no residents will be forced to leave Gaza, emphasizing voluntary participation in rebuilding efforts.
Security arrangements include the creation of a U.S.-led International Stabilization Force (ISF) to train Palestinian police, secure borders, and oversee disarmament. Israel will not occupy or annex Gaza but will gradually withdraw as security milestones are met. Regional partners, including Egypt and Jordan, will help ensure compliance and prevent the resurgence of militant threats.
Thousands of U.S.-bound packages shipped by UPS are trapped at hubs across the country, unable to clear the maze of new customs requirements imposed by the Trump administration.
As packages flagged for customs issues pile up in UPS warehouses, the company told NBC News it has begun “disposing of” some shipments.
Frustrated UPS customers describe waiting for weeks and trying to make sense of scores of conflicting tracking updates from the world’s largest courier.
“I’ve never seen anything like this before,” Matthew Wasserbach, brokerage manager of Express Customs Clearance, said of the UPS backlog. “It’s totally unprecedented.”
Wasserbach’s New York City-based shipping services firm helps clients move shipments through customs. He said the company has seen a spike in inquiries for help with UPS customs clearance.
A Boeing 747 operated by UPS on the tarmac at Louisville International Airport in Kentucky during a winter storm on Feb. 3, 2022.Luke Sharrett / Bloomberg via Getty Images file
More than two dozen people who are waiting for their UPS packages explained the circumstances of their shipments to NBC News.
They described shipments of tea, telescopes, luxury glassware, musical instruments and more — some worth tens of thousands of dollars — all in limbo or perhaps gone.
Others have deep sentimental value: notebooks, diplomas and even engagement rings.
The frustration has exploded online, with customers sharing horror stories on Reddit of missing skin care products, art and collectibles.
They are confused and angry, and they want answers.
“It’s almost impossible to get through to anybody to figure out what is happening,” said Ashley Freberg, who said she is missing several boxes she shipped via UPS from England in September.
“Are my packages actually being destroyed or not?”
Freberg’s boxes of journals, records and books were shipped on Sept. 18, according to tracking documents she shared with NBC News.
Over the next two weeks, she received two separate notifications from UPS that her personal mementos had not cleared customs and as a result had been “disposed of” by UPS.
Then, on Oct. 1, a UPS tracking update appeared for her packages, saying they were on the way. The tracking updates Freberg showed NBC News for that shipment revealed it was the most recent update she had received.
UPS transport jets wait to be loaded with packages at UPS Worldport in Louisville, Ky., on April 27, 2021.Timothy D. Easley / AP file
While sentimental value is impossible to measure, other customers fear they will not be able to recover financially if their goods were destroyed.
Tea importer Lauren Purvis of Portland, Oregon, said five shipments from Japan, mostly containing matcha green tea and collectively worth more than $127,000, were all sent via UPS over the last few weeks and arrived at UPS’ international package processing hub in Louisville, Kentucky. Purvis has yet to receive any of the shipments, only a flurry of conflicting tracking updates from UPS.
A series of notifications for one shipment, which she shared with NBC News, said that the shipment had not cleared customs and that UPS had disposed of it.
But a subsequent tracking update said the shipment had cleared customs and was on the way.
“We know how to properly document and pay for our packages,” Purvis said. “There should be zero reason that a properly documented and paid-for package would be set to be disposed of.”
At least a half-dozen people described an emotional seesaw they were put through by weeks of contradictory UPS tracking updates about their shipments. The updates, they said, compounded the stress of not knowing what had really happened to their possessions.
A UPS Boeing 767 aircraft taxis at San Diego International Airport, in San Diego, Calif., August 15, 2025.Kevin Carter / Getty Images file
AJ, a Boston man who asked that NBC News use only his initials to protect his privacy, said he shipped a package from Japan via UPS on Sept. 12 including Japanese language books, a pillow and a backpack.
After it sat in Louisville for nearly two weeks, AJ got a tracking update on Sept. 26, one of several that he shared with NBC News. “We’re sorry, your package did not clear customs and has been removed from the UPS network. Per customs guidelines, it has been destroyed. Please contact the sender for more information,” it read.
UPS tracking updates for a package shipped from Japan to the United States.Obtained by NBC News
Three days later, on Sept. 29, he received another, and this one read: “On the Way. Import Scan, Louisville, KY, United States.” For a moment, it appeared as though AJ’s shipment might have been found.
But less than 24 hours after his hopes were raised, another tracking update arrived: “We’re sorry,” it began. It was the same notice that his package had “been destroyed” that he had received on the 26th.
Two minutes later, he got his final update: “Unable to Deliver. Package cannot clear due to customs delay or missing info. Attempt to contact sender made. Package has been disposed of.”
International shipping was thrown into chaos after the long-standing “de minimis” tariff exemption for low-value packages ended on Aug. 29.
Packages with values of $800 or less, which were previously allowed to enter the United States duty-free, are now subject to a range of tariffs and fees.
They include hundreds of country-specific rates, or President Donald Trump’s so-called reciprocal tariffs, as well as new levies on certain products and materials.
President Donald Trump holds a chart as he speaks about reciprocal tariffs at a ‘Make America Wealthy Again’ event at the White House on April 2.Brendan Smialowski / AFP – Getty Images file
The result is that international shipping to the United States today is far more complex and costly than it was even two months ago.
The sweeping changes have caught private individuals and veteran exporters alike in a customs conundrum.
It is difficult to know the exact number of the packages that are stuck in UPS customs purgatory. Shipping companies guard their delivery data closely.
UPS reported to investors that in 2023, its international service delivered around 3.2 million packages per day.
This week, the company told NBC News that it is clearing more than 90% of the packages it handles through customs on the first day.
The rest of the packages, or less than 10%, require more time to clear customs and need to be held until they do. That could easily mean that thousands of UPS packages every day are not clearing customs on their first try.
In a statement to NBC News, UPS said it is doing its best to get all packages to their destinations while abiding by the new customs requirements.
“Because of changes to U.S. import regulations, we are seeing many packages that are unable to clear customs due to missing or incomplete information about the shipment required for customs clearance,” it said.
UPS said it makes several attempts to get any missing information and clear delayed shipments, contacting shippers three times.
“In cases where we cannot obtain the necessary information to clear the package, there are two options,” it said.
“First, the package can be returned to the original shipper at their expense. Second, if the customer does not respond and the package cannot be cleared for delivery, disposing of the shipment is in compliance with U.S. customs regulations. We continue to work to bridge the gap of understanding tied to the new requirements and, as always, remain committed to serving our customers.”
A conveyor belt carries envelopes and small packages past UPS workers to their destinations at Worldport on Nov. 20, 2015.Patrick Semansky / AP, file
NBC News asked UPS precisely what it does with packages when it tells customers their shipments have been unable to clear customs and have been “disposed of.” It would not say.
On Sept. 27, a shipper in Stockholm received a formal notification from UPS that two packages her glassware company sent to the United States — which failed to clear customs — would be destroyed.
“We are sorry, but due to these circumstances and the perishable nature of the contents, we are now required to proceed with destruction of the shipment in accordance with regulatory guidelines,” UPS told Anni Cernea in an email she shared with NBC News.
The email continued, “There is no need to contact our call center for further information or to attempt to clear this shipment.”
Cernea said, “It’s just outrageous that they can dispose of products like this without approval from either the sender or recipient.”
From now on, Cernea said, she plans to ship her products via UPS rival FedEx.
Cernea’s decision to switch carriers hints at the worst-case scenario for UPS, which is that people could abandon the company. It is a potential crisis for the roughly $70 billion company.
The company’s stock price is already down more than 30% this year, which analysts attribute to a mix of tariffs, competition and shifting shopping habits.
As she awaits her missing journals and diplomas from England, Freberg is looking ahead to the biggest shipping months of the year.
“I can’t even imagine how bad the holidays are going to be, because that’s a time where loads of people are shipping stuff overseas,” she said.
“If it doesn’t get solved soon, I can only see it becoming an even bigger issue.”
On Oct. 6, Albanian Appeals Court Judge Astrit Kalaja was shot inside the Tirana courtroom where he oversaw a property dispute case, according to the International Commission of Jurists. Kalaja died of his wounds, and two others were injured in the shooting. The 30-year-old suspect has been arrested.
Kalaja’s killing quickly became a lightning rod for nationwide dissatisfaction with the Albanian judiciary.
Former Albanian Ambassador to the United States and the United Nations Agim Nesho told Fox News Digital that reforms implemented almost a decade ago by the European Union and the U.S. were ‘intended to strengthen the rule of law,’ but have been ‘transformed into a political instrument, undermining democratic institutions and concentrating power in the hands of the executive.’
‘As a result,’ Nesho said, ‘the public’s confidence in the justice system has severely eroded, with institutional dysfunction reaching a level where some segments of society feel driven to take justice into their own hands — a dangerous sign of democratic backsliding.’
Opposition Democratic Party leader Sali Berisha told Fox News Digital that Kalaja’s killing was ‘an abominable act and an alarm bell that should not be ignored.’
Berisha said that the ‘evident support that the act has garnered,’ including the creation of a now inactive GoFundMe to support the killer’s legal rights, demonstrates ‘protest against a dysfunctional judiciary, against a corrupt and politicized judicial system.’
Berisha said judicial reforms ‘left the country without a Constitutional Court and without a High Court for more than five years,’ creating a ‘staggering backlog’ of around 200,000 cases. He said that the process of vetting judicial personnel turned into ‘a witch-hunt against magistrates that were perceived [to be] independent or potentially right-leaning.’ According to Berisha, this led to the ‘weaponization of the judiciary against the opposition.’
A 2020 report on U.S. assistance to Albania describes American and EU efforts to ‘restore the integrity of the Albanian justice system.’ The report states that USAID assisted the High Court with creating a procedure to manage 72% of its 35,000 backlogged cases. It also stated that 125 of 286 judges and prosecutors put through vetting procedures had ‘been dismissed for unexplained wealth, ties to organized crime, or incompetence,’ while 50 judges chose to resign rather than go through vetting.
Berisha claimed that in the aftermath of reforms, it now takes about 15–20 years for the resolution of legal disputes. ‘Justice delayed is justice denied,’ Berisha said.
Lawyer Besnik Muçi, formerly a prosecutor and a judge in the Constitutional Court of Albania, told Fox News Digital that judicial reforms aimed ‘to establish a credible, fair, independent, professional, service-oriented justice system that is open, accountable and efficient.’ He said that the Albanian justice system ‘has failed in almost all’ parameters.
Muçi said the courts’ backlog consists of about 150,000 cases. He also noted that the closure of five appeal courts and some district courts has ‘almost blocked the citizens’ access to justice.’ He also explained that most court buildings do not ‘meet…the security conditions and standards necessary.’
‘Citizens do not believe in the justice system,’ Muçi said.
After Kalaja’s murder, the Korça Bar Association and National Bar Association of Albania boycotted court proceedings on Oct. 9 and 10. Korça Bar Association Director Nevzat Tarelli told Albanian news station CNA that Kalaja’s killing highlighted the need for increased security for and trust in judicial personnel. He also said that ‘people who expect justice in a timely manner, if they do not receive it, no longer have faith in justice.’
Engjëll Agaçi, general secretary of Albania’s Council of Ministers, did not respond to Fox News Digital’s questions about nationwide discontent with the judiciary or the size of Albania’s court case backlog.
A State Department spokesperson declined to respond to questions about the success of U.S.-backed judicial reform efforts in Albania or address the issues that Kalaja’s killing has highlighted.
‘We offer our deepest sympathies to the victims of this attack and their families and strongly condemn the use of violence against judges and prosecutors,’ the spokesperson said.
A prominent Hamas leader lost his temper and stormed off from a live interview after being pressed on the Oct. 7, 2023, attacks and the devastating subsequent war in Gaza.
Mousa Abu Marzouk, Hamas’ longtime foreign relations chief and a co-founder of the terror group, tried to justify his organization’s crimes by saying Hamas ‘fulfilled its national duty’ and acted as ‘resistance to occupation’ in an interview on Arabic television.
The host shot back and questioned whether the Hamas attacks had helped the Palestinian cause and if they had achieved anything meaningful for the Palestinians, according to The Jerusalem Post.
‘Was what you did on Oct. 7 to lead the Palestinians to liberation?’ the host asked in the interview Friday night.
Marzouk, who is based in Qatar and is one of Hamas’s founding members, bristled and insisted the question was disrespectful and that a small group of fighters could never ‘liberate’ Palestine on its own.
‘No sane person would claim that on Oct. 7, with just a thousand or so fighters, it was possible to liberate Palestine,’ he said.
The journalist then continued, saying, ‘I am asking you the questions that are being asked on the streets of Palestine by the residents of Gaza.’
As the exchange grew tense, Marzouk snapped.
‘These are your questions. Show some respect for yourself. I don’t want to talk to you. I don’t want to see you. Cut it out. Cut it out. Go to hell,’ he said.
Marzouk’s comments, which aired on the Egyptian-based Pan-Arab Al-Ghad’s ‘With Wael,’ quickly spread across social media and came amid growing infighting and turmoil within Hamas as the war comes to an end.
Once seen as a polished Hamas spokesperson, Arab commentators saw his on-air outburst as a signal of a widening rift among the organization’s leadership as Gaza lies in ruins.
Jamal Nazzal, a spokesperson for the Palestinian political and nationalist movement Fatah, slammed Marzouk’s remarks.
Nazzal said his comments were ‘a disgrace that exposes the moral and political bankruptcy of a crumbling group that can no longer look people in the eye,’ according to The Jerusalem Post.
Earlier this year, Marzouk expressed regret over the Oct. 7 attacks, telling The New York Times he would not have supported the attack if he had known of the havoc it would wreak on Gaza.
‘If it was expected that what happened would happen, there wouldn’t have been Oct. 7,’ he said.
Marzouk has been described in multiple reports as a billionaire, though his exact fortune remains unclear.
In a statement posted after The New York Times’ story, Hamas said that the comments were ‘incorrect’ and taken out of context.
The Israeli government approved and signed the first phase of the President Donald Trump-brokered ceasefire deal in Gaza overnight Thursday. The agreement includes the release of Israeli hostages in exchange for Palestinian prisoners.
President Donald Trump railed against Democrats over the ongoing government shutdown Saturday, and said he is directing Secretary of War Pete Hegseth to make sure military service members get paid next week.
‘Chuck Schumer recently said, ‘Every day gets better’ during their Radical Left Shutdown,’ Trump wrote on Truth Social. ‘I DISAGREE! If nothing is done, because of ‘Leader’ Chuck Schumer and the Democrats, our Brave Troops will miss the paychecks they are rightfully due on October 15th.’
He said he had directed Hegseth ‘to use all available funds to get our Troops PAID on October 15th. We have identified funds to do this, and Secretary Hegseth will use them to PAY OUR TROOPS.’
‘I will not allow the Democrats to hold our Military, and the entire Security of our Nation, HOSTAGE, with their dangerous Government Shutdown,’ he added. ‘The Radical Left Democrats should OPEN THE GOVERNMENT, and then we can work together to address Healthcare, and many other things that they want to destroy. Thank you for your attention to this matter!’
The government shut down on Oct. 1, after Democrats and Republicans failed to pass a spending bill to fund the government, with Democrats concerned that expiring Affordable Care Act tax cuts could raise premiums and that Medicaid cuts could leave people without coverage.
Trump on Monday blamed Democratic lawmakers for the shutdown, saying he’d be ‘happy to work with the Democrats on their failed healthcare policies’ once the government reopens.
‘Democrats have SHUT DOWN the United States government right in the midst of one of the most successful economies, including a record stock market, that our country has ever had,’ Trump wrote on Truth Social. ‘This has sadly affected so many programs, services, and other elements of society that Americans rely on — and it should not have happened.’
‘I am happy to work with the Democrats on their failed healthcare policies, or anything else, but first they must allow our government to re-open,’ he added.
Schumer recently told Punchbowl News: ‘Every day gets better for us,’ regarding the Democrats’ shutdown strategy.
He added, ‘It’s because we’ve thought about this long in advance and we knew that health care would be the focal point on Sept. 30 and we prepared for it … Their whole theory was — threaten us, bamboozle us, and we would submit in a day or two.’
Republicans have blamed Schumer for the shutdown, saying it was meant to appease the Democratic Party’s progressive wing, particularly in his home state as Zohran Mamdani maintains the lead in New York City’s mayoral race and buzz swirls regarding Rep. Alexandria Ocasio-Cortez, D-N.Y., is potentially challenging Schumer in the next primary. She has not formally declared a Senate bid.
‘Chuck Schumer just said the quiet part out loud: Democrats are gleefully inflicting pain on the American people over their push to give illegal aliens free health care,’ White House deputy press secretary Abigail Jackson said in a statement provided exclusively to Fox News Digital.
Schumer recently shared with Fox News Digital remarks he made on the Senate floor.
‘Every day that Republicans refuse to negotiate to end this shutdown, the worse it gets for Americans — and the clearer it becomes who’s fighting for them. Each day our case to fix healthcare and end this shutdown gets better and better, stronger and stronger because families are opening their letters showing how high their premiums will climb if Republicans get their way. They’re seeing why this fight matters — it’s about protecting their healthcare, their bank accounts and their futures.’
Two years ago, I was kidnapped by Boko Haram. They held me captive, and every day I prayed that I would see my family again. By a miracle of God, I was able to escape.
Sadly, most Christians who are captured by this terrible organization never live to tell their stories. And unless the West intervenes, kidnappings like mine — as well as killings — will only increase in my country, spread across the African continent and threaten the rest of the world.
Today, as I travel throughout Nigeria providing relief as part of my work with iReach Global, I see that the violence has only grown—spreading like wildfire across the middle of my country, leaving behind a trail of ashes, mass graves and shattered lives.
This year has brought wave after wave of coordinated attacks in Central Nigeria. More than 7,000 Christians have been killed. Entire villages — most of them Christian farming communities — were razed. Families now live in makeshift camps, traumatized and uncertain if they’ll ever return home.
In early April, multiple coordinated assaults in the Bokkos area claimed hundreds of lives within a week. One community alone reported 52 deaths in a single attack, with thousands forced to flee.
Later that month, in an area called Bassa, at least 51 people were slaughtered in a pre-dawn raid. The attackers came silently, setting homes ablaze and killing entire families as they slept. In Riyom, ambushes and targeted killings continued for months afterward. In one case, a bus full of passengers was stopped and attacked — 12 people killed on the spot.
These are not random acts of violence. They are systematic, coordinated attempts to erase Christian communities from the region.
As someone who has walked through burned villages and prayed with survivors, I can tell you the reality is even worse than the statistics suggest. I’ve seen mothers weeping beside mass graves. The smell of smoke from the smoldering remains of churches and schools still clings to my clothes. I’ve also spoken with children who no longer sleep through the night because they fear the next attack will come for them.
This is not simply a matter of ‘clashes’ between farmers and herders, as government officials sometimes claim. It is a campaign of terror. It’s ethnic and religious cleansing disguised as conflict over land.
And yet, the Nigerian government continues to downplay the crisis — failing to provide protection, food or medical care to the displaced. Some local leaders even warn communities not to speak to the media. But silence will not save us.
I’ve seen mothers weeping beside mass graves. The smell of smoke from the smoldering remains of churches and schools still clings to my clothes.
The Nigerian government bears the primary responsibility to protect its people. That must begin with immediate and adequately resourced security deployments to protect vulnerable communities — especially during planting and harvest seasons when farmers are most exposed. Humanitarian corridors must be opened to deliver food and aid to thousands now living in desperate conditions.
Independent investigations are also essential. Impunity is the oxygen that fuels these killings. Perpetrators must be identified and prosecuted—no matter their political connections or tribal affiliations.
At the same time, Nigeria’s political class must stop turning our suffering into campaign slogans. I’ve heard politicians invoke the blood of victims as talking points during election campaigns while refusing to act. This must end. The lives of our people are not bargaining chips.
The United States and other Western nations cannot look away. They have both the moral obligation and the diplomatic tools to press Nigeria toward real accountability. I believe the U.S. State Department must reinstate Nigeria’s designation as a Country of Particular Concern for egregious violations of religious freedom. This would send a clear signal to my government that the world is watching, and the killing of Christians in Nigeria will not be ignored.
In addition, international partners should expand support for independent investigations and humanitarian assistance. I have visited many of these camps; the needs are immense. In some camps, families survive on one meal a day, drinking from muddy puddles, with no one to treat their wounds. Children go months without schooling. The international community can help fund the rebuilding of homes and provide psychosocial support for those who have endured unspeakable loss.
The victims of these attacks are not soldiers or combatants. They are farmers, families, children and elders. They want nothing more than to live in peace, tend their fields and worship freely. Yet they have become targets of a campaign of hate.
If urgent action is not taken, we risk watching entire Christian communities vanish from Nigeria’s Middle Belt. Not only that, but the reign of terror will continue to grow across the Sahel region of Africa and could ultimately threaten global security.
And the silence of the world will be remembered as complicity.
As someone who has survived the terror of Boko Haram and now witnesses this unfolding genocide, I plead with the global community: Do not look away. The suffering here is real, and it is growing.
Nigeria is bleeding. But it does not have to be this way. With courage and help from the international community, we can still stop the slaughter and begin the long work of rebuilding.
White House Deputy Chief of Staff Dan Scavino is poised to play an even larger role in President Donald Trump’s administration, the president announced Sunday.
Trump says Scavino, in addition to his current role, will now lead the White House Presidential Personnel Office. The office was previously held by Sergio Gor, who is now transitioning to become the U.S. Ambassador to India.
‘I am pleased to announce that the great Dan Scavino, in addition to remaining Deputy Chief of Staff of the Trump Administration, will head the White House Presidential Personnel Office, replacing Sergio Gor, who did a wonderful job in that position, and will now become the Ambassador to India,’ Trump wrote on Truth Social.
‘Dan will be responsible for the selection and appointment of almost all positions in government, a very big and important position. Congratulations Dan, you will do a fantastic job!’ he added.
Scavino’s new appointment comes as the Trump administration is in a pitched fight with Democrats to define the cause of the ongoing government shutdown.
Trump allies have pointed to Senate Minority Leader Chuck Schumer’s refusal to work with Republicans.
The president also sought to mitigate damage on Saturday by ordering War Secretary Pete Hegseth to make sure military service members get paid next week, regardless of the shutdown.
‘Chuck Schumer recently said, ‘Every day gets better’ during their Radical Left Shutdown,’ Trump wrote on Truth Social. ‘I DISAGREE! If nothing is done, because of ‘Leader’ Chuck Schumer and the Democrats, our Brave Troops will miss the paychecks they are rightfully due on October 15th.’
He said he directed Hegseth ‘to use all available funds to get our Troops PAID on October 15th. We have identified funds to do this, and Secretary Hegseth will use them to PAY OUR TROOPS.’
The government shut down on Oct. 1, after Democrats and Republicans failed to pass a spending bill to fund the government, with Democrats concerned expiring Affordable Care Act tax cuts could raise premiums and that Medicaid cuts could leave people without coverage.
Here’s a quick recap of the crypto landscape for Friday (October 10) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$121,578, down by 1.6 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$119,967, and its highest was US$123,548.
Bitcoin price performance, October 10, 2025.
Chart via TradingView
Bitcoin may be trading near record highs, but one of its most respected on-chain indicators suggests the rally could still have significant room to run possibly as far as US$180,000.
The Mayer Multiple, a long-term metric that compares Bitcoin’s current price to its 200-week moving average, remains well below levels that have historically marked market tops.
“Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” crypto analyst Frank Fetter wrote on X (formerly Twitter). According to Fetter, Bitcoin would need to climb to around US$180,000 before the indicator flashes “overbought” conditions, implying that the current cycle could still have room to expand.
The indicator’s historical context adds weight to that view. During Bitcoin’s 2017 and 2021 peaks, the Mayer Multiple surged well above 2.4, signaling excessive market exuberance before major corrections followed.
This time, the pattern looks different. The Multiple’s highest level in the current cycle—1.84 in March 2024, when Bitcoin neared US$72,000—never approached prior extremes, according to Glassnode data. Analysts see this moderation as a sign of a more sustainable advance.
Despite these encouraging on-chain signals, not everyone is convinced the path higher will be smooth. Short-term traders remain divided on whether Bitcoin can maintain momentum into the final quarter of the year.
Trader Tony “The Bull” Severino argued that Bitcoin may be entering a decisive 100-day window. Writing on X, Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to levels not seen before. He noted that Bitcoin’s recent inability to hold above US$126,000, after briefly testing the upper band, could signal a short-term pullback before any sustained breakout.
Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,365.58. Ether’s lowest valuation on Friday was US$4,285.77, and its highest was US$4,401.99.
Altcoin price update
Solana (SOL) was priced at US$222.58, an increase of 1.1 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$217.57.
XRP was trading for US$2.83, trading flat over the last 24 hours. Its lowest valuation of the day was US$2.78, and its highest was US$2.84.
Derivatives trends
The crypto derivatives market saw heavy liquidations over the past 24 hours, totaling roughly US$674 million, according to Coinglass data. Long positions accounted for US$505 million of that amount, while short positions made up US$169 million, marking one of October’s sharpest liquidation waves.
Among major assets, Bitcoin long liquidations reached US$116 million, compared to US$68.22 million in shorts, indicating that overleveraged bullish traders bore the brunt of the latest downturn. Ether long positions were liquidated for US$146 million, against US$34.54 million in shorts, reflecting a similar shakeout of optimistic bets amid heightened volatility.
Despite the sell-off, futures open interest for Bitcoin rose 0.23 percent in the last four hours to US$90.19 billion, suggesting that traders are gradually re-entering positions or maintaining leverage at elevated levels.
Ether futures open interest also ticked up 0.22 percent to US$59.53 billion, showing that market participants remain engaged even after widespread liquidations.
Bitcoin’s relative strength index (RSI) at 72.15 indicates that the asset remains in overbought territory, potentially signaling near-term price swings or corrective moves. Still, the market’s resilience near the US$120,000 level points to continued speculative interest.
Today’s crypto news to know
XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs
Major altcoins faced losses Friday as traders took profits from Bitcoin’s record-breaking rally, even as spot ETF demand remained strong.
Bitcoin briefly dipped to around US$120,000 overnight before stabilizing near US$122,000, while Ether erased its weekly gains with a 2.4 percent drop.
Solana, XRP, Dogecoin, and Cardano each slid up to 3 percent, according to CoinDesk data. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.
The ETF surge underscores Bitcoin’s growing role as a “digital safe-haven,” especially as gold surged above Us$4,000 an ounce. However, a possible pullback to the US$107,000–US$115,000 range could be imminent ahead of the Federal Reserve’s October 29 policy meeting.
EU dismisses ECB’s call for new stablecoin rules
The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank for stricter oversight.
According to a Reuters report, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.
Industry groups, including members like Circle, asked the Commission to formally clarify that multi-issuance is allowed under current rules.
In a statement to Reuters, the Commission said MiCA already provides a “robust and proportionate framework” and that further guidance will be published soon.
The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.
Bitcoin ETFs extend Uptober gains as Ethereum products lose momentum
US spot Bitcoin ETFs posted another strong day Tuesday, with US$197.8 million in net inflows, reinforcing Bitcoin’s dominance as institutional investors rotated away from Ethereum products.
Data from SoSoValue showed total Bitcoin ETF assets climbing to US$164.79 billion, representing nearly 7 percent of Bitcoin’s market cap.
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led inflows with US$255 million, extending its lead over rivals as total assets surpassed $97 billion. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and Grayscale Bitcoin Trust (NYSEARCA:GBTC) saw outflows of US$13 million and US$45 million, respectively.
The renewed demand follows a surge of US$1.19 billion in inflows earlier this week, the highest since July, with BlackRock again accounting for the majority.
Bitcoin has gained over 10 percent in October, peaking at US$126,080 before easing to $121,000. Meanwhile, Ethereum ETFs snapped their eight-day inflow streak with US$8.7 million in withdrawals, reflecting a temporary pause after a strong start to the month.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
This week, the technology sector remained the dominant force shaping overall market trends in the US, despite the ongoing complexity of macroeconomic and geopolitical conditions.
The partial US government shutdown continued to delay key economic reports, creating a data vacuum that heightened reliance on soft data like consumer sentiment surveys. Notably, the University of Michigan’s Consumer Sentiment Index held steady at a subdued 55, reflecting persistent concerns about high prices and a challenging labor market.
Meanwhile, Canada reported a surprising gain of 60,400 jobs in September, with employment increases concentrated in full-time positions and manufacturing. The unemployment rate held steady at 7.1 percent, defying expectations and signaling a cautious stabilization after recent job losses.
Investor appetite for AI and related innovation remained high, pushing the Nasdaq Composite (INDEXNASDAQ:.IXIC) and S&P 500 (INDEXSP:.INX) to record or near-record levels midweek. However, ongoing trade frictions between the US and China continue posing risks to semiconductor supply chains and international tech trade flows.
On Friday (October 10), China introduced additional export restrictions on rare earth metals and related refining technologies, expanding controls to five more elements critical for electronics, defense and high-tech industries. US President Donald Trump responded by threatening to escalate tariffs on Chinese imports and warned of the potential cancellation of his upcoming meeting with President Xi Jinping at APEC in South Korea.
The news sent major stock indexes lower, with the S&P 500 seeing its largest decline since tariffs were first announced in April and the Nasdaq Composite losing 3.56 percent. The Philadelphia SE Semiconductor Index led losses, pulling back 6.32 percent.
After a nearly three-year rally fueled by enthusiasm for AI, concerns among analysts and investors about elevated valuations and concentrated exposure in AI-related companies continue to emerge.
The Bank of England’s Financial Policy Committee warned of an increased risk of market correction, particularly in AI-focused tech firms, due to stretched valuations. They noted high market concentration in the S&P 500’s top five companies, many being AI-centric. Disappointing AI adoption or increased competition could trigger a downturn by reassessing high earnings expectations. Bottlenecks in AI advancements also pose valuation risks.
Similarly, IMF Managing Director Kristalina Georgieva warned that AI-fueled global stock prices are overvalued and vulnerable to a sudden correction. She cited weakening job creation and US tariffs as “troubling signs” that could lead to instability and dampen global growth.
Analysts from JPMorgan Chase & Co. (NYSE:JPM) also wrote in a Monday (October 6) note that AI-related debt has reached US$1.2 trillion, making it the largest segment in the investment-grade market. AI companies now represent 14 percent of the high-grade market, exceeding US banks. However, this debt is primarily in investment-grade bonds from companies with strong balance sheets,
This complex interplay of cautious optimism underscores the evolving narratives dominating the tech market.
Three tech stocks that moved markets this week
1. Advanced Micro Devices (NASDAQ:AMD)
AMD’s stock opened over 31 percent higher on Monday after announcing a multi-year deal to supply up to 6 gigawatts of AI chips to OpenAI, starting with its MI450 series in the second half of 2026.
The company extended its gains on Tuesday (October 7) after Jefferies upgraded the stock rating to “buy” as other brokerages hiked their price targets. The news helped temper losses seen throughout the tech sector as trade tensions escalated on Friday.
The partnership grants OpenAI warrants to acquire up to 160 million shares of AMD, representing around 10 percent ownership upon achieving deployment milestones. This deal positions AMD as a major AI hardware supplier and represents a challenge to Nvidia’s dominance in the sector.
2. Intel (NASDAQ:INTC)
Intel shares jumped as much as 3.05 percent on Friday after the company unveiled its Panther Lake architecture, the first PC processor built on its advanced 18A semiconductor manufacturing process, with high-volume production beginning later this year at its Fab 52 facility in Arizona.
Panther Lake is set to significantly enhance power efficiency and performance, delivering an anticipated 50 percent increase in CPU and GPU capabilities compared to earlier generations. This chip is designed for premium laptops and is central to Intel’s plan to re-establish its leadership in semiconductor manufacturing within the US.
Intel also previewed its first 18A-based server processor, Clearwater Forest, slated for release in the first half of 2026. Panther Lake is scheduled for commercial availability in early 2026, coinciding with major consumer electronics shows.
3. Tesla (NASDAQ:TSLA)
Tesla released the long-awaited lower-priced versions of the Model Y and Model 3 on Tuesday, with the Model Y Standard starting at US$39,990.
After an initial rally on Monday following a weekend teaser of the announcement, shares fell by as much as 4.57 percent after an underwhelming reaction to modest price cuts and the vehicles’ lack of key features present in the pricier models.
The company also reportedly paused large-scale production of its humanoid robot Optimus due to technical difficulties and faced a new preliminary safety investigation by the NHTSA into its Full Self-Driving system, covering nearly 2.9 million vehicles amid reports of traffic law violations.
Company announcements helped Intel and AMD weather sector-wide losses on Friday
Chart courtesy of Google Finance
ETF performance
This week, the iShares Semiconductor ETF (NASDAQ:SOXX) only declined by about 6.27 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) pulled back by approximately 6.49 percent.
For its part, the VanEck Semiconductor ETF (NASDAQ:SMH) only lost 5.86 percent.
These losses occurred against a backdrop of heightening trade tensions between tech’s two largest markets.
Other tech market news
Tech news to watch next week
Next week, investors will be closely monitoring a slate of important earnings reports from leading financial and technology companies, including JPMorgan Chase, Bank of America Corp (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), IBM, Intel and Tesla.
Additionally, the US government’s shutdown resolution or extension will affect the release of vital economic data, influencing market sentiment and investment strategies.
On the policy front, investors should watch for Federal Reserve communications for clues on interest rate directions, as well as progress in US-China trade negotiations, which will undoubtedly define the near-term trajectory of the tech market.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
It’s been yet another historic week for gold, as well as silver.
Gold broke through US$4,000 per ounce midway through the period, entering never-before-seen territory as the US government shutdown continued into a second week.
Silver’s milestone was perhaps even more impressive. The white metal pushed through the elusive US$50 per ounce mark and continued on past US$51, marking a new record.
What’s behind its takeoff? Silver is known for its duality as both a precious and industrial metal, and experts have emphasized that it’s a mix of factors moving silver right now. It’s catching up to gold, which itself is supported by global geopolitical uncertainty and concerns about fiat currencies, and it’s also got its own specific elements at play.
Backwardation, which happens when a commodity’s spot price is higher than its futures price, has been a frequent topic of discussion, and prior to silver’s move past US$50, precious metals analyst Ted Butler gave a rundown of the implications for silver.
Here’s what he said:
‘Normally, (backwardation) results in an overwhelming demand for physical. That could take the form of SLV investors standing for delivery, whether that be the the industrial players, who are notoriously resolute, or even billionaire whales from India.
‘But in that event, which is already playing out, by the way, silver prices and premiums will continue to increase, maybe even dramatically, as the news of insufficient physical silver transmits itself through the market.’
As those who follow precious metals will know, silver has only been at the US$50 level twice before — the first time was in 1980, when the Hunt brothers tried to corner the market, and the second instance was over a decade ago in 2011. Both of those moves were brief, and investors are understandably wondering if this time is different for silver.
It’s impossible for anyone to say for sure, but I’ve been hearing market watchers highlight the gold-silver ratio as a way to gauge the outlook for silver.
Ahead of silver’s US$50 landmark, David Morgan of the Morgan Report explained that the ratio shows silver still has room to rise. Here’s what he said:
‘We’re still in the 80s for the gold-silver ratio, which is historically high. And until we get to 70, I’m not going to be particularly happy. And off of today’s gold price, a 71 ratio would be like … US$55 silver, and that would be over that US$50 mark.’
Morgan also talked about the psychological impact of US$50 silver, saying that it could prompt algorithmic traders and institutions to enter the sector:
‘You’ll see algorithms come in and start trading silver, and you’ll probably see institutions come in, because they know that it’s a small market, and they can move the market with a buy order, if it’s significant enough.
How high can gold and silver prices go?
Taking a step back to look at the precious metals rally as a whole, I want to reiterate that the experts I’ve been hearing from don’t think this is the end of the bull market.
While many have emphasized that a correction would be healthy for gold and silver, they think the current cycle is still in progress and is likely to end with much higher prices.
Here’s Lynette Zang of Zang Enterprises on what could be coming:
‘If you go back to the beginning of the year, what you actually see is that while everything is going up, the spot contracts on gold and silver, and particularly silver, are much stronger and more powerful than those prices that we’re seeing in the stock market, or even in the Bitcoin market, in the crypto markets.
‘Gold and silver are handily outperforming, and that’s telling us (why) the central banks have been accumulating more gold than they ever have since they began tracking — because they know what they’re doing to destroy the currencies.’
It’s also worth noting that it’s not just people in the gold and silver space that are optimistic.
Precious metals are increasingly making news headlines, and more and more mainstream authorities are touting their protective benefits.
Just this week, American billionaire Ray Dalio of Bridgewater Associates suggested that investors allocate as much as 15 percent of their portfolios to gold. He compared the current environment to the 1970s, a time of high inflation and debt.
Dalio’s opinion is similar to that of DoubleLine Capital’s Jeffrey Gundlach, who recently said a 25 percent weighting toward gold wouldn’t be excessive.
Platinum and palladium take off
Gold and silver may be attracting the most attention, but platinum and palladium are also on the move.
Platinum, which spent years trading at rangebound levels, has broken out in 2025, and is currently above US$1,600 per ounce, a price not seen since 2013.
Palladium, whose price has been subdued since seeing several spikes between about 2020 and 2022, was also on the move this week, approaching US$1,500 per ounce.
While these precious metals are similar, it’s mostly platinum that’s being talked about as a potential opportunity for investors. Historically it’s often been priced higher than gold, and some see the two finding parity again in the future.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.