Good morning everyone!
☀️ Before we dive in — don’t miss the Summer Sale now live! ☀️
Normal price: €138/year → Summer Special: €96.60 (30% off)
Happy Friday! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ US PPI rose to 3.3%, higher than expected.
→ Bitcoin fell -5% from new all time highs to $117,000. Now trades around $119,000
→ Over $1B in crypto liquidations in past 24h.
→ Over $100B wiped from crypto market cap.
→ Michael Saylor says volatility is a gift to the faithful.
→ US Treasury Secretary Scott Bessent confirms exploring budget-neutral ways to acquire more Bitcoin for strategic reserve.
→ Senator Lummis pushes BITCOIN Act in response to US Treasury's Bitcoin plans.
→ US Treasury Secretary estimates Bitcoin reserves worth $15-20 billion.
→ SEC Chair Paul Atkins to discuss 'Project Crypto' today.
→ Banking giant Citigroup exploring custody for Bitcoin ETFs.
→ Jack Dorsey unveils Block's new efficient Bitcoin miner at 14.1 J/TH.
→ Publicly traded Sequans plans to buy 100,000 Bitcoin by 2030.
→ Google acquires 8% stake in Bitcoin miner TeraWulf for $3.7B.
→ David Bailey's Nakamoto can now buy over $740M in Bitcoin post-merger.
→ US economy in expansion over 5 years with 4.3% annualized GDP growth.
→ Nubank reports 17% customer growth to 123M, revenue up 40% FX-neutral to $3.7B.
→ Applied Materials delivers record Q3 revenue of $7.3B and adjusted EPS of $2.48.
📊 Altcoin Market Updates 📊
→ Ethereum dropped -6%. It fell from $4,780 to $4,450 and now trades around $4,600.
→ BlackRock buys 109,244 ETH worth $520M.
→ Fidelity buys 33,708 ETH worth $160M.
→ Citigroup looks to add payment services and custody for stablecoins.
→ EtherRock NFT sold for 135 ETH worth $607K.
→ Brave enables self-custody BAT payouts on Solana.
→ Hyperliquid surpasses Circle in 24h revenue.
→ Gemini launches self-custodial smart wallet.
→ Bit Digital transitions to Ethereum-focused strategy, reports positive earnings.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
☀️ Summer Special Pricing
* Paid Subscriber: €138 → Now 30% Off (€96.60)
* Elite Membership: €295 → Price increases after 20 August
⏳ Offer Ends in 7 days – After this summer special, Paid Subscriber returns to full price and Elite Membership increases in price.
Thanks for reading.
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.
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