Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- The U.S. stock market lost $1 trillion in value.
- Gold fell below $4,900 per ounce, dropping over 4% in 30 minutes.
- Silver extended its sharp decline, falling over 11% to $74.66 per ounce.
- The United States signed a trade deal with Taiwan that cuts tariffs to 15%, while Taiwan agreed to remove 99% of its trade barriers on U.S. goods and purchase $84 billion worth of American products.
- California's proposed wealth tax has cost the state an estimated $1 trillion in lost investments and business as billionaires flee.
- Amundi, Europe's largest asset manager with $2.4 trillion in assets, plans to reduce its exposure to the United States over the next 12 months.
- China will impose tariffs of up to 11.7% on European Union dairy products.
- Chinese listed companies distributed a record 348.8 billion yuan ($50.5 billion) in dividends before the Lunar New Year.
- The State Bank of India surpassed TCS to become the country's largest company by market capitalization at $122 billion.
- The United States collected a record $288 billion in customs duties over the past 12 months, more than three times the amount from the prior year.
- In the first four months of fiscal year 2026 the federal government took in $1.8 trillion and spent $2.5 trillion.
- Year-over-year U.S. job growth slowed to just 0.1%, a level previously seen only during recessions.
- Credit card balances 90 days or more delinquent reached 12.7%, the highest level since 2011, while auto-loan delinquencies hit 5.2%, the highest since 2010.
- The Atlanta Fed's latest estimate for fourth-quarter GDP growth stands at 3.7%.
- Anthropic raised $30 billion in funding, valuing the AI company at $350 billion.
- The U.S. Senate Banking Committee is working with SEC Chair Paul Atkins on a Bitcoin and crypto market structure bill that aims to anchor America as the crypto capital of the world.
- The U.S. Senate Banking Committee stated that the future of digital asset innovation must be rooted in America.
- Michael Saylor urged the United States to purchase Bitcoin and pass favorable Bitcoin legislation.
- Coinbase increased its Bitcoin holdings by $39 million.
- Binance completed a $1 billion Bitcoin purchasing plan for its SAFU fund.
- Polymarket launched 5-minute Bitcoin price markets.
- Traders on Kalshi assigned only an 8% chance that Bitcoin will exceed $200,000 by next year.
📊 Altcoin Market Updates 📊
- Ghost launched GhostSend, enabling private token transfers on Solana.
- Hoodrat gained momentum as users switched to hooded rat profile pictures on X.
- The CFTC announced the creation of an Innovation Advisory Committee that includes leaders from cryptocurrency, decentralized finance, and prediction markets.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
$BTC $ETH $GOLD $SILVER $SPY
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
