Happy Thursday! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Coinbase CEO Brian Armstrong predicts Bitcoin will reach $1,000,000 by 2030.
→ Publicly traded Ming Shing Group Holdings to raise $500,000,000 to buy Bitcoin.
→ Eric Trump hints countries are mining and buying Bitcoin.
→ Brazil holds first hearing about a national strategic Bitcoin reserve.
→ Tether CEO Paolo Ardoino says the US should look at Bitcoin as its own hedge against USD.
→ Senator Cynthia Lummis says market structure bill will be done this year.
→ Michael Saylor says “Ignore the bears”.
→ Fidelity sells 2,125 BTC worth $246.8 million.
→ Chinese cities target 70% AI chip self-sufficiency to counter NVDA.
→ UK inflation rises to 3.8%, highest level in 19 months.
→ New Zealand cuts rates to 3.00%, Indonesia to 5.00%.
→ Lowe’s reports Q2 adj. EPS $4.33 beating estimates, revenue $23.96B.
→ Target reports Q2 adj. EPS $2.05, revenue $25.2B.
→ Baidu reports Q2 adj. EPS $1.90, revenue $4.57B with AI Cloud topping $1.4B.
📊 Altcoin Market Updates 📊
→ Fidelity sells 36,250.03 ETH worth $150.8 million.
→ 1,000,000,000 USDT minted on Ethereum.
→ China considers yuan-backed stablecoins for cross-border use.
→ FOMC minutes state payment stablecoins could improve efficiency.
→ Fed Governor Waller says stablecoins are part of a payments revolution.
→ Goldman Sachs says potential market for crypto stablecoins is in the trillions.
→ BNB reaches new all-time high of $880.
→ MetaWin launches free to enter $1.3 million USDT prize draw for NFT holders.
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