Big moves overnight! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin surges above $116,000, now trades around $115,500.
→ Spot Bitcoin ETFs purchase $741 million in BTC yesterday
→ BlackRock acquires 1,869 BTC for $212.5 million
→ US CPI inflation rises to 2.9%, with core at 3.1%
→ S&P 500 closes at record high of 6,587
→ Ray Dalio warns of US "debt-induced heart attack" within three years
→ JPMorgan: S&P's rejection of MicroStrategy hinders corporate Bitcoin adoption
→ China plans to ban crypto activities for internet giants in Hong Kong
→ India's rupee hits record low against USD
→ Hong Kong proposes relaxed capital rules for crypto-holding banks
→ South Korea grants tax breaks to Bitcoin and crypto ventures
→ Turkey cuts interest rates by 250 bps to 40.5%
→ US national debt interest expense reaches record $1.21 trillion
→ US collects record $30 billion in customs duties in August
→ 30-year fixed mortgage rates see biggest drop in a year
→ BlackRock plans to tokenize ETFs following success with BTC fund
→ Chance of US Fed cutting rates by 25 bps jumps to 88% on Polymarket
→ US federal government spending reaches 27% of GDP in 2020s
→ Adobe reports Q3 revenue of $6B, raises FY25 guidance on AI-driven growth
📊 Altcoin Market Updates 📊
→ BlackRock purchases 17,291 ETH worth $76.4 million
→ XRP market cap reclaims $181 billion
→ REX-Osprey DOGE ETF set to launch tomorrow
→ Solana TVL hits new all-time high of $12 billion
→ HYPER launches Solana's first Telegram CoinFlip with on-chain RNG
→ DTCC lists Fidelity's Solana ETF and Canary's XRP ETF
→ Forward Industries secures $1.65B private placement for Solana treasury
→ Upbit to list PUMP/KRW and PUMP/USDT trading pairs
→ Native Markets wins USDH stablecoin ticker on Hyperliquid
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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