Good morning all. I managed to get the voice to sound a bit more like a news anchor, but it's not quite there yet. If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin briefly dips under $115,000, now trades around 115,400.
→ $400,000,000 liquidated from the crypto market in the past hours.
→ Strategy CEO announces guidance saying Bitcoin will hit $150,000 by the end of the year
→ Michael Saylor's 'Strategy' files $4.2 billion offering to buy more Bitcoin.
→ BlackRock buys 295 $BTC worth $34.9 million.
→ Publicly traded Phoenix Group to establish $150,000,000 $BTC treasury.
→ Coinbase buys $222 million worth of Bitcoin in Q2, 2025.
→ Coinbase holds 11,776 Bitcoin worth $1.26 billion.
→ $AMZN reports earnings of $167 billion, beating estimates.
→ Microsoft $MSFT becomes the second company in history to reach a $4 trillion market cap.
→ President Trump raises tariffs on Canada to 35% from 25%.
→ China stops approving outbound investments for companies looking to set up or expand operations in the U.S.
→ SEC launches 'Project Crypto' to make America the crypto capital of the world.
→ SEC Chair Paul Atkins says he's in favor of Bitcoin & crypto self custody
→ SEC Chair Paul Atkins says "most crypto assets are not securities."
→ SEC Chair Paul Atkins says his 'key priority' is to establish clear regulatory framework for crypto.
→ SEC Chair Paul Atkins says Wall Street & Silicon Valley companies are "lined up at our doors with requests to tokenize."
→ Sec chairman Paul Atkins says "we will work to bring crypto asset distributions back to America. The days of convoluted offshore corporate structures, decentralization theater, and confusion over security status, are over"
→ President Donald Trump pictured endorsing the White House digital asset report "to usher in the golden age of crypto 🇺🇸"
→ Coinbase to launch tokenized stocks and prediction markets for US users.
→ White House says President Trump supports banning Congress from trading stocks.
→ President Trump orders pharmaceutical companies to lower prices within 60 days or "every tool" will be used against them.
→ Robinhood CEO Vlad Tenev says tokenization is the 'foundation' of the new financial system.
→ President Trump says Jerome Powell is "too stupid and too political" to be the Federal Reserve Chairman.
→ Congressman Thomas Massie calls to end the Federal Reserve.
📊 Altcoin Market Updates 📊
→ Fundstrat CIO Tom Lee says “Wall Street will stake $ETH to be involved in the enhancement of ethereum. That is the difference between centralized finance and defi.”
→ Strategic $ETH Reserve surpasses $10,000,000,000 with participation from 64 entities.
→ Publicly traded SharpLink Gaming buys another 11,259 $ETH worth $42.5 million.
→ BlackRock buys 5,354 $ETH worth $20.7 million.
→ Tether reports it has profited $2.6 billion so far this year from its bitcoin and gold reserves
→ FLOKI-backed Rice Robotics $RICE set to launch on TokenFi Launchpad on August 5th.
→ Director of Digital Assets at BlackRock, Maxwell Stein, set to speak at Ripple Swell 2025.
→ JPMorgan CEO Jamie Dimon says he is a "believer" in stablecoins and blockchain.
→ Visa's settlement platform is adding support for $usdg and $pyusd, for stellar and avalanche (in addition to ethereum and solana) blockchains, and $eurc
→ Circle announces that native usdc and cctp v2 are coming soon to hyperliquid
→ Solana flips base in daily tokens created by launchpads, after briefly losing lead
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