Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin faces the $76,000 level as the next key resistance.
Morgan Stanley clients accumulated over $100 million worth of Bitcoin in the first week of its spot ETF launch, marking the firm's best ETF performance ever.
The Tennessee Senate has scheduled a hearing on the Strategic Bitcoin Reserve Act for next Tuesday.
Steak 'n Shake will announce exciting news at the upcoming Bitcoin conference.
The S&P 500 reached a new all-time high.
US stock markets erased losses and flipped green after Israel and Lebanon agreed to a 10-day ceasefire.
President Trump stated that the US economy is booming.
President Trump noted that oil prices are coming down, even as Brent crude rose more than 4% above $100 a barrel.
China slammed the US blockade of the Strait of Hormuz as reckless and provocative.
Iranian oil tankers have transported 11 million barrels of oil through the Sea of Oman since the naval blockade.
The six largest US banks posted a record $45 billion in trading revenue for the first quarter, up 17% year-over-year.
Netflix shares crashed 9% following its earnings, with revenue rising 16% to $12.2 billion.
TSMC reported first-quarter revenue of $35.9 billion, up 41% year-over-year.
Charles Schwab delivered record first-quarter revenue and earnings per share.
Elon Musk suggested that universal high income through federal government checks is the best way to address unemployment caused by AI.
Non-sports weekly trading volume on the Kalshi prediction market surpassed $700 million.
📊 Altcoin Market Updates 📊
Charles Schwab is launching spot Bitcoin and Ethereum trading for retail clients in the coming weeks.
Circle, the issuer of USDC, sees tremendous opportunity for a Chinese yuan stablecoin.
Tether is leading an up to $150 million recovery plan with the Solana Foundation to support Drift Protocol users after the exploit, replacing the Circle stablecoin with USDT.
Drift also secured $148 million in funding from Tether and partners.
$HYPE vs $SOL reached a new all-time high.
Kalshi traders forecast $HYPE could climb as high as $52 this month.
$PHNIX rallied 25% in 24 hours ahead of the RisePad launch, the first PumpFun-style platform on the XRPL.
Exodus expanded native XRP and XRP Ledger support in partnership with Ripple, adding in-wallet tools for $XRP and $RLUSD.
ETF clients purchased $17.11 million worth of $XRP.
The co-founder of Bored Ape Yacht Club stepped down as CEO of Yuga Labs to become chairman of the board.
South Korea will pilot blockchain-based deposit tokens for government spending.
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 $SPY $QQQ $OIL
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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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