Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin briefly drops below $120K., now trades around $121,100.
→ $529.77 million worth of crypto longs liquidated in the past 24 hours.
→ Nvidia surges to a record high market cap of $4.75 trillion.
→ Silver price hits new all-time high of $50 per ounce.
→ Head of crypto at Kalshi says prediction markets now are just a warm up for the 2028 presidential election, which will be 1000x bigger.
→ Luxembourg’s Sovereign Wealth Fund becomes first Eurozone state fund to invest 1% of holdings in Bitcoin ETFs.
→ BlackRock buys $426.2 million worth of Bitcoin.
→ Deutsche Bank says Central banks may hold significant amounts of Bitcoin and gold by 2030.
→ Coinbase CEO Brian Armstrong says crypto will give everyone free access to money and fairer financial systems.
→ New York Fed President John Williams calls for more interest rate cuts this year.
→ Bank of America says investors are not penalized for buying stocks at all-time highs. Five years later, returns have been stronger.
→ Bybit becomes the first fully operational licensed crypto exchange in the UAE.
→ $5.1 trillion asset manager State Street says 60% of institutional investors plan to increase their allocation in Bitcoin & crypto.
→ BlackRock now holds 802,197 Bitcoin worth $98.5 billion for its spot Bitcoin ETF.
→ The S&P 500 has posted a positive return during the last 6 government shutdowns and is up 1% so far during the current shutdown.
→ Poland cut rates for the 4th time this year, 25 bps move down to 4.50%. The Philippines cut interest rates for the 7th time in the cycle, 25 bps move down to 4.75%.
→ The S&P 500 has now hit 90 all-time highs over the past two years and the Fed is set to cut interest rates again later this month.
📊 Altcoin Market Updates 📊
→ Total value locked across applications on Solana hit new all-time high of $42.4 billion.
→ $BUN on BNB Chain price up over 280%, hits $1M in trading volume.
→ Ripple expands into Bahrain through partnership with FinTechBay to boost blockchain adoption and pilot digital asset projects.
→ Animoca Brands set to tokenize special purpose vehicles primarily on the XRP Ledger.
→ BlackRock buys $148.9 million worth of Ethereum.
→ Bank of England calls for stronger stablecoin regulation.
→ Binance Founder CZ says BNB Chain gas fees have been reduced by 2000% this year.
→ Coinbase and Mastercard have both held advanced talks to buy stablecoin startup BVNK for around $2 billion.
→ Chainlink launches Chainlink-grade RPC endpoint for the HyperEVM testnet as a public good.
→ Fourmeme flips Hyperliquid in 24h revenue.
→ Monad announces airdrop claim portal opens on Tuesday, October 14th.
→ Stablecoins are the new petrodollar. They will be the most effective tool for US soft power to extend into the 21st century.
→ Tokenworks flips Pancakeswap in 24h revenue.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
@TimothyAssi
$BTC $SILVER $NVDA $XRP $ETH $BNB
Thanks for reading
PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?
Click here to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.
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.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
