Bitget UEX Daily | Oil Hits Nearly One-Month High; Nasdaq Declines as Meta Surges; Strategy Adds 250 BTC (October 13, 2026)

I. Hot News Highlights

1. Oil: Attacks on Saudi Arabia drive Brent to $106.65 as supply risks intensify

International crude oil prices rose sharply on October 12. Brent futures gained approximately 1.8% to settle at $106.65 per barrel, the highest level since mid-September, while WTI closed at $93.74. The rally followed attacks by Yemen's Houthi movement on Riyadh's international airport, raising concerns about the security of Saudi energy facilities and regional shipping routes. Meanwhile, US measures to ease certain restrictions on Russian diesel exports and efforts to broker a Russia-Ukraine energy infrastructure ceasefire failed to offset fears of Middle Eastern supply disruptions.

Market Impact: Elevated oil prices are once again becoming a major driver of global asset valuations. Higher energy costs directly affect inflation and can spread through logistics, industrial production and consumer spending. While easing Russian diesel restrictions could add some supply, the immediate volume appears limited. If Middle Eastern shipping risks persist, inflation pressures could complicate Federal Reserve policy and squeeze margins in airlines, transportation and energy-intensive industries.

2. Federal Reserve: Officials favor restrictive policy as dollar reaches 18-month high

Cleveland Fed President Beth Hammack said on October 12 that inflationary pressures were spreading beyond energy, with some companies adjusting pricing strategies for goods and services. She argued that the Federal Reserve should adopt sufficiently restrictive monetary policy in a timely manner to avoid the need for more aggressive tightening later. The US Dollar Index reached approximately 102.58, its highest level in 18 months. Markets continued to favor unchanged rates in October while remaining alert to additional tightening later this year.

Market Impact: A stronger dollar and expectations of elevated interest rates generally create headwinds for gold, non-dollar assets and high-valuation growth stocks. The US economy has yet to deteriorate enough to force a rapid policy pivot, while energy prices are adding uncertainty to the inflation outlook. September CPI, scheduled for October 14, will provide an important test of the Fed's future policy path.

3. AI: Meta launches Muse Wonder models as Microsoft surpasses $4 trillion in market value

Meta officially introduced Muse Wonder and Muse Wonder Full on October 12, targeting complex AI agent tasks including coding, document analysis and professional workflows. Muse Wonder is available to developers, while Wonder Full is accessible to Muse Code subscribers. The technology will gradually be integrated into the Muse assistant. Meta shares rose 3.38% following the announcement.

Microsoft gained 1.14% on the same day, pushing its market capitalization back above $4 trillion as investors continued to focus on Azure cloud growth, AI software monetization and the company's expanding AI hardware ecosystem.

Market Impact: AI competition is expanding beyond model benchmarks toward agent capabilities, distribution and recurring commercial revenue. Meta is seeking to reduce dependence on external model providers through proprietary models and subscription products, while Microsoft benefits from established enterprise relationships, cloud infrastructure and software distribution. Sustainable success will depend on user retention, subscription growth, inference costs and actual profitability rather than benchmark performance alone.

II. Market Review

1. Commodities and Foreign Exchange Performance

Spot gold	Approx. $4,169.10/oz	October 12 US session
Spot silver	Approx. $60.14/oz	October 12 US session
WTI crude	$93.74/bbl	October 12 futures settlement
Brent crude	$106.65/bbl	October 12 futures settlement
US Dollar Index (DXY)	Approx. 102.58	October 12 US session
US 10-year Treasury yield	Approx. 5.26%	Latest completed session, October 9

Crude oil climbed sharply on October 12, prompting investors to reassess global energy supply and inflation risks. The Dollar Index gained approximately 0.37% to an 18-month high. Gold fell around 0.6%, while silver also weakened. A stronger dollar and expectations of further monetary tightening outweighed some of the safe-haven demand generated by geopolitical uncertainty.

US Treasury cash markets were closed for Columbus Day, so the 10-year yield shown is a reference from the preceding completed session rather than an October 12 closing yield.

2. Cryptocurrency Performance

• BTC: Bitget BTC/USDT reference price approximately 82,527.73 USDT; corresponding BTC/USD reference price $82,399.70, down 1.57% over 24 hours.

• ETH: Bitget ETH/USDT reference price approximately 2,515.34 USDT; corresponding ETH/USD reference price $2,508.89, down 0.43% over 24 hours.

• Total Cryptocurrency Market Capitalization: CoinGecko's queried page showed approximately $2.88 trillion, with a reported 24-hour change of around 0.7%. Because an independently verifiable timestamp was unavailable, this figure is not treated as a synchronized snapshot with BTC and ETH prices.

The BTC price page was updated at 02:13:33 Beijing time on October 13, while the ETH page was updated at 05:23:33. The stated percentage changes refer to the corresponding USD price series displayed on Bitget rather than separately verified USDT trading-pair changes. Both figures are historical snapshots and should not be interpreted as live execution prices at the time of this report.

BTC | Liquidation Zones

A CoinGlass BTC liquidation map meeting the 30-minute freshness requirement and providing verified exchange coverage and liquidation-intensity data was unavailable. Therefore, the major potential short-liquidation zone above the market, long-liquidation zone below the market and their distances cannot be established reliably. BTC had previously approached $84,000 before retreating, but price movements alone do not prove that concentrated liquidations occurred.

ETH | Liquidation Zones

An up-to-date ETH liquidation map with verifiable underlying intensity data was also unavailable. The referenced historical snapshot confirms a price decline, but does not establish the most significant leveraged-liquidation concentrations above or below the market. Conventional technical support and resistance levels have not been substituted for liquidation clusters.

Institutional Cost Basis | BTC

On October 12, Strategy disclosed purchasing an additional 250 BTC between October 5 and October 11 for approximately $21.5 million, at an average acquisition price of around $86,194. As of October 11, its total holdings increased to 848,250 BTC, acquired for approximately $64 billion at an overall average cost of about $75,444 per BTC.

Using the Bitget BTC/USD historical reference price of $82,399.70, BTC traded approximately 9.22% above Strategy's average acquisition cost. This percentage measures the price-to-cost difference at the specified timestamp, not the company's overall investment return. An independently verifiable and sufficiently current aggregate cost-basis estimate for US spot Bitcoin ETFs was unavailable and has therefore been omitted.

Market Takeaway

BTC traded near $82,400 in the verified snapshot, approximately 9.2% above Strategy's latest average acquisition cost. Strategy continued accumulating Bitcoin, but the latest purchase involved only 250 BTC and does not by itself demonstrate broad institutional buying strength. Investors should monitor whether BTC approaches institutional cost benchmarks and whether ETF flows and liquidation data reveal additional market risks.

3. Major US Equity Index Performance

Dow Jones Industrial Average	51,850.55	+0.38%
S&P 500	7,807.24	-0.06%
Nasdaq Composite	27,245.90	-0.44%

US equities diverged on October 12. The Dow gained approximately 196 points, the S&P 500 finished almost unchanged, and the Nasdaq declined 0.44%. Rising oil prices and caution ahead of US inflation data and major bank earnings weighed on higher-valuation technology stocks.

The decline was not market-wide. Energy, consumer staples and selected communications services stocks performed relatively well, while semiconductors, AI hardware and consumer discretionary shares lagged. Investors are increasingly reassessing returns on AI infrastructure spending ahead of third-quarter earnings announcements.

4. Magnificent Seven Performance

Nvidia	NVDA	226.32	-1.29%
Apple	AAPL	340.97	+1.29%
Microsoft	MSFT	541.15	+1.14%
Alphabet	GOOGL	352.72	+0.30%
Amazon	AMZN	259.53	-1.10%
Meta	META	742.96	+3.38%
Tesla	TSLA	378.03	-1.22%

Among the Magnificent Seven, four stocks advanced and three declined. Meta led with a 3.38% gain, while Apple and Microsoft advanced 1.29% and 1.14%, respectively. Nvidia fell 1.29%, while Amazon and Tesla also declined.

The market's assessment of AI-related businesses is becoming more differentiated. Companies delivering tangible products and commercialization milestones attracted greater attention, while computing and hardware suppliers remained exposed to concerns about capital expenditure returns, competition and valuation.

5. Sector Moves

Semiconductors and Memory: Micron Technology declined approximately 3.9%, Nvidia fell 1.29%, and Broadcom lost around 1.9%. Investors focused on new DRAM technology developments from China's ChangXin Memory Technologies and their potential implications for future supply competition. Technology announcements must still be distinguished from reliable high-volume manufacturing, with yields, actual shipments and industry pricing remaining the key measures of commercial impact.

Energy: Brent's advance above $106 supported upstream energy stocks, with ExxonMobil and Chevron gaining close to 2%. Producers may benefit from higher realized prices, although transportation costs, operational constraints and government intervention can influence ultimate profitability.

Enterprise Software and AI Applications: Meta rose 3.38% following its AI model launch, while Salesforce gained more than 4% after a Bank of America analyst upgrade. Investors are placing greater emphasis on whether AI technology can become marketable software products, recurring subscription revenue and measurable value for enterprise customers.

III. In-Depth US Equity Analysis

1. Meta (META): Muse Wonder launch advances AI commercialization strategy

Event Overview: Meta introduced Muse Wonder and Muse Wonder Full on October 12, focusing on AI agent capabilities for personal and professional tasks. The models support complex document analysis, coding and multistep workflows, with initial access for developers and subscribers. Shares gained 3.38% to close at $742.96.

Market Interpretation: Meta's large AI investments have historically centered on advertising recommendations, model development and computing infrastructure. Its new models and Muse subscriptions create an additional path toward independent AI product revenue. However, stronger model capabilities do not automatically translate into improved profitability, as training, inference, product development and customer acquisition remain costly.

Investment Implications: Investors should monitor Muse paid subscriber growth, retention, inference costs and potential synergies with Meta's advertising businesses. If the company establishes sustainable subscription revenue beyond its existing social platforms, AI investment expectations could change significantly. If usage expands without sufficient commercial returns, capital expenditure pressure will remain.

2. Microsoft (MSFT): Market value exceeds $4 trillion as cloud and AI support investor confidence

Event Overview: Microsoft advanced 1.14% on October 12 to close at $541.15, bringing its market capitalization back above $4 trillion. Investors continued focusing on Azure cloud growth, Copilot commercialization and Microsoft's broader investments across AI models and hardware.

Market Interpretation: Unlike businesses depending on a single AI product, Microsoft has multiple revenue channels through enterprise software, cloud infrastructure, developer tools and workplace applications. Its existing customer relationships provide significant distribution advantages. However, expanding data-center capacity and AI computing resources also increase capital expenditures, making sustainable incremental profit an essential consideration.

Investment Implications: Key indicators include Azure revenue growth and AI contribution, Copilot adoption, capital expenditure trends and free cash flow. Continued growth in incremental AI gross profit relative to infrastructure and inference costs would strengthen the case for Microsoft's valuation.

3. Micron Technology (MU): Rising memory competition concerns drive shares down approximately 3.9%

Event Overview: Micron Technology declined approximately 3.9% on October 12. Investors focused on a new DRAM cell architecture announced by Chinese memory producer ChangXin Memory Technologies, which could eventually improve manufacturing cost competitiveness. Meanwhile, the market continued evaluating AI data-center demand across the memory supply chain.

Market Interpretation: Memory semiconductors are highly cyclical, with supply-demand conditions and product pricing having a substantial impact on profitability. Technological improvements can change long-term cost structures and competitive positioning, but development progress does not necessarily imply near-term volume production or an immediate decline in global DRAM prices.

Investment Implications: Investors should monitor the commercialization of ChangXin's new technology, Micron's high-bandwidth memory orders and deliveries, and broader DRAM pricing trends. If commodity DRAM supply increases while advanced AI-related memory demand remains strong, profitability could diverge further across different memory products and producers.

IV. Market & Project Updates

1. Strategy Continues BTC Accumulation: The company's October 12 disclosure confirmed the purchase of 250 BTC between October 5 and October 11 for approximately $21.5 million, at an average price of $86,194. Total holdings reached 848,250 BTC. This was a disclosure of transactions during the preceding week, not evidence that 250 BTC were purchased on October 12 itself.

2. Strategy Repurchases Preferred Shares: Alongside the Bitcoin update, Strategy disclosed approximately $192.4 million in repurchases of STRC preferred shares. The amount substantially exceeded the latest Bitcoin purchase, underscoring the company's parallel focus on managing its capital structure and financing costs.

3. Meta Expands Its AI Agent Ecosystem: Muse Wonder is available to developers through the Meta Model API and Muse Code, while Wonder Full is accessible to subscribers. The models are expected to be integrated gradually into the Muse assistant, expanding the company's offerings across consumer and professional AI applications.

4. Tokenized US Equities Continue Developing: Securitize recently launched Solana-based tokenized US equities backed by actual underlying securities and associated economic entitlements. Updated trading-volume evidence was unavailable, so the product launch is not presented as proof of large-scale adoption.

5. Stablecoins in Securities Settlement: Tokenized securities platforms continue exploring stablecoins such as USDC as settlement instruments. Potential benefits include around-the-clock transfers and more efficient settlement processes. However, actual adoption depends on compliant custody, investor access, liquidity and the reliability of stablecoin settlement infrastructure.

V. Today's Market Calendar

October 13, 2026, Beijing time. Importance ratings are editorial assessments.

Oct. 13	US	JPMorgan Chase Q3 earnings	★★★★★
Oct. 13	US	Citigroup Q3 earnings	★★★★★
Oct. 13	US	Wells Fargo Q3 earnings	★★★★★
Oct. 13	US	Goldman Sachs Q3 earnings	★★★★★
Oct. 14	US	Bank of America and Morgan Stanley Q3 earnings	★★★★★
Oct. 14, 20:30	US	September Consumer Price Index (CPI)	★★★★★
Oct. 15, 20:30	US	September Producer Price Index (PPI) and Retail Sales	★★★★★

Exact corporate earnings release times are subject to company announcements.

Key Events Ahead: US inflation and third-quarter earnings will be the week's primary market drivers. Consensus expectations point to September headline CPI increasing approximately 0.6% month over month and 3.7% year over year, although actual figures remain pending. Persistently elevated inflation could reinforce expectations of restrictive Federal Reserve policy. Meanwhile, major bank earnings will provide fresh evidence on credit quality, corporate financing, trading activity and consumer demand under high interest rates.

Institutional View: Goldman Sachs recently raised its December Brent crude forecast to approximately $90 per barrel, citing increased uncertainty from geopolitical developments. However, that forecast remains below current market prices, illustrating the difference between medium-term supply expectations and near-term conflict-driven premiums. For oil and energy equities, investors should distinguish temporary supply shocks from sustainable changes in earnings power.

Disclaimer: This report is provided for market information only and does not constitute investment advice. Market data reflect the stated timestamps and may differ across sources. Unverified liquidation zones and aggregate ETF cost-basis estimates have not been replaced with speculative figures.