Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- US Secretary of Defense Pete Hegseth said the US should secure a strategic advantage in bitcoin and described himself as a long enthusiast of it as a tool to project power.
- The US national debt surpassed the size of the entire United States GDP for the first time since World War II.
- Over $6 trillion was added to the US stock market this month.
- The S&P 500 reached a new all-time high of 7,219.
- Apple reported $111.2 billion in revenue for Q1 2026, beating expectations with 17 percent year-over-year growth. Products revenue rose 17 percent to $80.2 billion and services revenue rose 16 percent to $31 billion. Net income grew 19 percent to a record $30 billion, with gross margins hitting a record 49 percent.
- Google's market cap is now larger than the combined GDP of Japan and India.
- Big tech showed strong Q1 revenue growth, with Meta up 33 percent, Google 22 percent, Microsoft 18 percent, Apple and Amazon both 17 percent.
- The Senate passed a resolution banning members from trading on prediction markets.
- President Trump said he does not care if Jerome Powell remains as Federal Reserve Governor.
- Elon Musk said some cryptocurrencies have merit but most are scams.
- 122,827 crypto traders were liquidated in the past 24 hours.
📊 Altcoin Market Updates 📊
- Solana printed seven straight monthly red candles.
- $635 million was hacked from crypto protocols in April, with at least one exploit daily since April 25.
- The Solana-based DeFiCarrot announced it is shutting down due to the impact from the Drift exploit.
- Blockaid identified an ongoing admin key compromise exploit on the Wasabi protocol across Ethereum and Base.
- Elienus on Solana rallied 40 percent in the past 24 hours as traders speculate on the alien meta.
- An onchain insider who previously turned $3,000 into $72 million on Pepe bought $16.5k worth of Fofar.
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
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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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