Happy Sunday. What a time to be an Ethereum holder. If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin hits $118,000 , now trades around 118,400.
→ BlackRock buys 3,089 BTC worth $360 million
→ Gold (+29%) and Bitcoin (+27%) are the top performing major assets so far in 2025
→ US national debt reaches an all-time high of $37 trillion
→ President Trump slams Nancy Pelosi, accusing her of insider trading
→ White House Crypto Council Executive Director Bo Hines steps down
→ S&P 500 2nd quarter operating earnings are up 11% over the prior year
→ The bond market is now fully pricing in 2 rate cuts by year-end and 3 more in 2026
→ The S&P 500's price to peak earnings ratio has moved up to 26, its highest level since 2000
→ Nvidia now makes up over 8% of the S&P 500, the highest weighting for any single stock
→ US Tech sector outperformance hit new record high
→ The Ratio of US Large Caps to US Small Caps is at its highest level since the April 1999 peak
→ The ratio of Growth stocks to Value stocks in the US has hit a new record high
→ The median household income necessary to purchase the median priced home is now 57% higher than current
→ US Rents were down 0.8% over the last year
📊 Altcoin Market Updates 📊
→ Ethereum briefly hits $4,300, after being up +6,3% on the day on a Saturday.
→ Ethereum flips Netflix & MasterCard to become the world's 22nd largest asset by market cap
→ BlackRock buys 65,167.33 ETH worth $271.8 million
→ $209,000,000 worth of ETH shorts liquidated in the past 24 hours
→ DOGE overtakes Adidas in market capitalization
→ PEPE surpasses $5,200,000,000 market cap
→ PENGU 24 hour trading volume exceeds $500,000,000
→ BAGS becomes 3rd largest revenue-generating protocol on Solana in the past 24 hours
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