Gm all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Fed leaves interest rates unchanged at 4.25-4.50%.
→ US economy grew 3% in Q2, beating expectations.
→ Trump announces 25% tariff on India, penalty for buying Russian energy/military.
→ Microsoft and Meta beat earnings and are up respectively 8.3% and 11.5%.
→ Copper price collapses 20% as U.S excludes refined metal from tariffs.
→ META says developing super intelligence is now in sight.
→ White House says crypto and blockchain can revolutionize America's financial system.
→ US Treasury Secretary Bessent publishes "The road map to making America a crypto superpower".
→ Treasury Secretary Bessent posts "Crypto, Welcome Home."
→ US Director of Digital Assets Bo Hines says we're enormous fans of Bitcoin, want as much as possible.
→ BlackRock buys 1,340 BTC worth $158M.
→ Publicly traded H100 buys another 56.9 BTC worth $6.72M.
→ Turkish transportation app Marti to allocate 20% of cash reserves to BTC.
→ Coinbase partners with JP Morgan to make buying crypto easier, enabling credit card purchases and Chase points to USDC.
📊 Altcoin Market Updates 📊
→ Publicly traded ‘The Ether Machine’ buys 15,000 ETH worth $57.1M.
→ Publicly traded FG Nexus raises $200M for ETH treasury strategy.
→ BlackRock buys 59,309 ETH worth $223.18M.
→ Wrapped XRP on Ethereum surpasses $60M market cap, new high.
→ Invesco Galaxy files for Solana SOL ETF with CBOE.
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