Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Publicly traded companies now hold over 1,000,000 BTC for the first time in history.
→ BlackRock buys 2,588 BTC worth $258.8 million.
→ MARA mined 705 Bitcoin worth $77.7 million in August and HODLed all of it.
→ Almost 95% of all Bitcoin addresses are in profit.
→ Spot Bitcoin ETFs bought $300.5 million worth of BTC yesterday.
→ Billionaire Tim Draper says it’s becoming irresponsible not to own Bitcoin.
→ Bloomberg reports Michael Saylor's Strategy has met all criteria to be added to the S&P 500.
→ SEC Chair Paul Atkins says providing a clear regulatory framework on custody and trading for Bitcoin & crypto is a key priority.
→ SEC unveils new rulemaking plan to reform crypto regulations.
→ US Department of Justice launches criminal investigation into Federal Reserve Governor Lisa Cook.
→ El Salvador buys $50,000,000 worth of Gold.
→ Gold is on pace for its best year since 1979, up over 35%.
→ Bank of America says the US Dollar is overvalued but could become undervalued next year.
→ Broadcom (AVGO) Q3 FY25: AI revenue +63% Y/Y to $5.2B, revenue +22% Y/Y to $16.0B. The stock is up +5% after market.
→ lululemon athletica (LULU) Q2 FY25: Adj. EPS $3.10, revenue $2.53B. The stock is down -15% after market.
📊 Altcoin Market Updates 📊
→ Payments giant Stripe and Paradigm back new blockchain for stablecoin payments.
→ $RISK price rallies 30% in the past 24 hours.
→ Tether mints 2,000,000,000 USDT.
→ Ripple’s RLUSD stablecoin now available to institutions in Africa through three new partnerships with Chipper Cash, VALR and Yellow Card.
→ ETH flips BTC in 7-day CEX spot volume for the first time in at least 7 years.
→ Etherscan expands to SEI.
→ Pumpfun flips Hyperliquid in 24h revenue.
→ Kraken acquires Breakout.
→ Justin Sun urges WLFI team to unlock tokens, citing fairness, transparency, and trust as key to restoring investor confidence.
→ Nansen AI Research Agent clears Justin Sun of any direct role in the WLFI price crash.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Thanks for reading
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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