Bitmine CEO Tom Lee Says the Cryptocurrency Market is at the Beginning of a Super Cycle! Here Are the Details

07:49 AM EDT, 10/07/2026 (MT Newswires) -- The main US stock measures pointed lower in Wednesday's premarket activity as traders await minutes from the Federal Reserve's last policy meeting. The S&P 500 edged down 0.1%, the Dow Jones Industrial Average declined 0.3%, and the Nasdaq 100 was off 0.4%. The S&P 500 and the Nasdaq Composite finished Tuesday trading with record highs, while the Dow extended its rally for a fourth consecutive session. The Fed is scheduled to post minutes of its September policy meeting at 2 pm ET, which will be assessed for fresh insight on the central bank's monetary policy trajectory. At that meeting, the central bank raised interest rates by 25 basis points, its first hike in just over three years, to combat inflation that has run persistently above its 2% target. Markets are currently pricing in an 81% probability that the central bank will keep its benchmark rate steady later this month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool. Treasury yields were trending upwards early Wednesday, with the two-year rate rising 1.7 basis points to 4.81% and the 10-year rate adding 5.5 basis points to 5.33%. Wednesday's economic calendar also has the weekly mortgage applications bulletin followed by the weekly EIA domestic petroleum inventories report. West Texas Intermediate crude oil inclined 0.7% to $90.03 a barrel, while Brent advanced 1.4% to $101.93. About 20 commercial ships, mostly tankers, were attacked over the past month while sailing through the crucial Strait of Hormuz, the Persian Gulf, or off the coast of Oman, CNBC reported Tuesday, citing the Joint Maritime Information Center. Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, said Tuesday that the Kingdom's East-West pipeline has increased crude flows to 5.8 million barrels per day, according to Reuters. Shares of Constellation Brands (STZ) fell 5.2% pre-bell as the beer and wine company reiterated its full-year adjusted earnings outlook. Penguin Solutions (PENG) jumpe

October 7th - Shares of U.S.-listed gold mining companies fell in pre-market trading, following the decline in gold prices (GOL/). Spot gold (XAU=) dropped by about 1% to $4,118.7 per ounce. The decline in gold prices was due to a stronger U.S. dollar, as investors are also awaiting the Federal Reserve’s minutes from the September meeting to assess policymakers’ support for further interest rate hikes (GOL/). Major mining companies Newmont Mining (NEM.N) and Barrick Gold (ABX.TO, B.N) saw shares fall roughly 2% and 1.5% respectively. U.S.-listed shares of South African mining firms Gold Fields (GFI.N), Harmony Gold (HMY.N), and AngloGold Ashanti (AU.N) dropped between 1.7% and 4.5%. Shares of Canadian mining companies Agnico Eagle Mines (AEM.TO, AEM.N) and Kinross Gold (K.TO, KGC.N) both fell by 1.9%. (For the convenience of non-English speakers, Reuters has automated this report into several other languages. As automated translation may be inaccurate or fail to include needed context, Reuters does not guarantee its accuracy and provides automated translations purely to assist readers. Reuters assumes no responsibility for any damage or loss due to the use of automated translation services.)

Latest update October 7 - Chipmaker Intel (INTC.O) shares rose 0.84% to $113.45 in premarket trading, attempting a rebound after four consecutive days of decline. Intel (INTC) CEO Pat Gelsinger told Bloomberg (link) the company will continue to advance Elon Musk's Terafab chip manufacturing (link) project. The report was released just days after Musk said TSMC 2330.TW and Terafab had discussed potential collaboration (link). Terafab is Elon Musk’s planned chip manufacturing plant (link), aiming to produce AI chips for Tesla TSLA.O and SpaceX SPCX.O. Last Saturday, Musk said that discussions were still at a preliminary stage and added that there may be results. However, on Wednesday he stated that TSMC (link) would not operate the Terafab AI chip production facility. Intel and Tesla did not immediately respond to Reuters' request for comment outside regular business hours. As of the close of the previous trading day, Intel (INTC) shares had more than tripled year to date. The stock dropped a total of 6.4% over the last four trading sessions. Meanwhile, shares of other major chipmakers declined, with Nvidia NVDA.O and AMD AMD.O dropping 0.6% and 1.8%, respectively. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translated texts. Automated translations are provided solely to assist readers. Reuters does not accept any liability for damage or loss resulting from the use of automated translation services.)