Good morning all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin briefly falls under 108,000, now trades around $108,800.
→ 135,000,000 liquidated from the crypto market in that spike down.
→ Mexican billionaire Ricardo Salinas says Bitcoin will 14x to 1.5 million "to catch up with Gold" and then it will continue to outperform.
→ Real Estate Mogul Grant Cardone says Bitcoin is the "money multiplier".
→ 5.3 billion Cardone Capital acquired another 200 Bitcoin worth 21.6 million.
→ 11.23 trillion Charles Schwab plans to launch spot Bitcoin and crypto trading in 2026.
→ Florida Senate introduces bill to buy and hold Bitcoin.
→ Fast food giant Steak 'n Shake launches limited edition "Bitcoin Steakburger".
→ Payments giant ACI Worldwide partners with BitPay to expand its crypto payment solutions for merchants.
→ Cathie Wood’s Ark Invest filed for 4 more Bitcoin ETFs.
→ 400 billion U.S. Bancorp just announced to form a new unit focused on Bitcoin and crypto.
→ Gold hits a new all-time high of $4380.
→ Gold becomes world's first asset to surpass a 30 trillion market cap.
→ Chance of 3 rate cuts before 2026 surges to 77%, per traders on Kalshi.
→ Federal Governor Miran says ‘Fed should cut 50 bps but expect it will be 25 bps.’
→ Coinbase CEO Brian Armstrong says "in 10 years, many more people will use crypto, but they may not know they're using crypto."
→ China says it plans to work with the United States to find a solution on trade.
→ Eric Trump says the Trump family has made more than 1 billion from crypto.
→ Fed President Neel Kashkari says the economy may not be slowing as much as we think.
→ The best performing country equity ETF so far in 2025 is Greece up 69%.
→ US stocks have more than doubled over the past 5 years while US bonds are down 1%.
→ Trump Meme is down 92% since its post.
→ The Ratio of Real Estate stocks to the S&P 500 has moved down to the lowest level since August 2000.
→ The top 10 holdings in the S&P 500 now make up over 39% of the index, the highest concentration on record.
→ The best performing commodities over the past year: Silver up 69% and Gold up 58%.
→ After lagging by 9% two months ago, Small Cap stocks are now close to even with Large Caps on the year with the Russell 2000 at a new all-time high for the first time since 2021.
→ The best performing sector in the S&P 500 this year is Utilities up 25%.
→ Taiwan Semiconductor Manufacturing Company Q3 FY25: EPS 2.92 per ADR, Revenue 33.10 billion, Net Income 15.1 billion, strong demand for leading-edge nodes 3nm, 5nm, 7nm drove 74% of wafer revenue.
📊 Altcoin Market Updates 📊
→ Publicly traded BitMine Immersion buys another 417 million worth of ETH during market dip.
→ Binance Founder CZ says “Listing a 3rd largest market cap crypto should be a no-brainer. Excellent liquidity, volume and ecosystem. Not listing it is a loss for the exchange themselves.”
→ Gold-backed PAXG/USDT suddenly wicked to 4.79K on Binance.
→ Metamask launches Hyperliquid-powered perps on Metamask mobile.
→ Solana is now live on the Uniswap web app.
→ Moonpay introduces Moonpay Commerce - “live now, worldwide”.
→ Andreessen Horowitz’s crypto arm invests 50 million in Solana staking protocol Jito.
→ Robinhood lists ASTER.
→ CZ urges Coinbase to list more BNB projects.
→ Elon Musk says X is underpaying creators and not allocating payment accurately enough.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SPX500 $GOLD $IWM
@TimothyAssi
Thanks for reading
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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