Happy Friday everyone! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin briefly falls below $112,000, down around 10% from its all-time high of $124,000. Now trades around $113,200.
→ DOJ says it will not target developers that create decentralized cryptocurrency platforms without criminal intent.
→ Strategy Vice President and CFO Andrew Kang has sold $20,000,000 worth of MSTR stock so far this month.
→ Publicly traded DDC Enterprise buys another 100 Bitcoin worth $11.36 million, while Hong Kong construction company Ming Shing Group plans to buy 4,250 Bitcoin worth $483 million.
→ Federal Reserve official Bullard predicts a rate cut in September, stating “rates are high right now, can cut 100 BPS into 2026.”
→ China restricts NVDA H20 chip sales after U.S. official’s remarks.
→ Ark 21Shares sells 670.96 Bitcoin worth $76.3 million, and BlackRock sells 1,940 Bitcoin worth $220.7 million.
→ El Salvador’s Education Minister Karla Trigueros celebrates the graduation of female students from the Bitcoin program, and the national library runs a Bitcoin node.
→ Senator Tim Scott says Bitcoin and crypto “are the future - plain and simple,” while Anthony Pompliano on CNBC calls Bitcoin “the king” that “will remain the king.”
→ Wealthy Asian families, family offices, and countries (hinted by Eric Trump) are ramping up Bitcoin and crypto investments.
→ China says it "firmly stands with India" opposing President Trump's tariffs.
→ CFTC launches 'Crypto Sprint Initiative' to advance President Trump's digital assets agenda.
→ Department of Justice calls on Fed Chair Jerome Powell to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations.
→ Odds of the Federal Reserve lowering interest rates in September fall to 57%, according to crypto prediction platform Polymarket.
→ President Trump's $464 million civil fraud penalty vacated on appeal.
→ United States announces trade deal with European Union, imposing 15% tariffs and $750 billion investment deal.
→ Coinbase reports latency and degraded performance across products due to a Cloudflare network performance issue.
→ State Street becomes first third-party custodian to launch on J.P. Morgan’s digital debt service, bringing blockchain-based debt securities custody to institutional clients.
→ Japan’s 30-year bond yield spikes to 3.10%, the highest level on record.
→ US Investment Grade Credit Spreads drop to 0.75%, the tightest since July 1998.
→ ESPN launches its new streaming service.
→ Walmart Q2 FY26: Revenue +5% Y/Y to $177.4B, Non-GAAP EPS $0.68, Walmart US comp sales +5%, E-commerce +25% Y/Y, Advertising +31% Y/Y, FY26 Net sales outlook +3.75% to 4.75% Y/Y.
→ Zoom Q2-26: Adj. EPS: $1.53, Revenue: $1.22B, Net Income: $358.6M, highest YoY revenue growth in 11 quarters, fueled by enterprise momentum.
đź“Š Altcoin Market Updates đź“Š
→ Publicly traded Verb Technology buys $713,000,000 worth of TON for its treasury.
→ Coinbase to list World Liberty Financial’s USD1 stablecoin, and MetaMask plans to launch mUSD stablecoin on Ethereum and Linea.
→ BlackRock sells 63,280.42 ETH worth $271.9 million.
→ Kanye West’s crypto token YZY plummets 75%.
→ Heaven becomes 2nd highest revenue-generating DEX protocol in the past 24 hours, per DeFiLlama data.
If you enjoyed this daily roundup, make sure to follow me – I’ll see you tomorrow.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
đźź© Panic Drop Podcast : on your favorite streaming app
www.panicdrop.com
