Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin is up over 10% this month as spot Bitcoin ETFs see big inflows and close in on 80,000 dollars.
- BlackRock clients purchased 246.86 million dollars worth of Bitcoin.
- Fidelity's director of macro reports that Bitcoin continues to build a large base in preparation for the next major up wave.
- Senator Cynthia Lummis says there is bipartisan support and President Trump's backing for crypto market structure legislation.
- Morgan Stanley's Bitcoin ETF launch was its most successful ever.
- Kalshi traders give an 88 percent chance Elon Musk becomes a trillionaire by the end of next year.
- Kalshi traders forecast Bitcoin could reach as high as 81,000 dollars this month.
- 6.66 billion dollars in crypto long positions are at risk of liquidation if Bitcoin falls 5,000 dollars.
- The world's largest Bitcoin conference kicks off in a few days.
- Intel reported first-quarter revenue of 13.6 billion dollars, up 7 percent year over year, beating estimates with strong second-quarter guidance.
- OpenAI officially released its new ChatGPT AI model GPT-5.5.
- Software stocks were hit hard, with ServiceNow (NOW) tumbling sharply on weak guidance and broader sector concerns, dragging Salesforce (CRM) down around 8-9 percent due to AI disruption fears.
📊 Altcoin Market Updates 📊
- Tether froze 344 million dollars in USDT on Tron in its largest asset freeze ever in coordination with US law enforcement.
- GraniteShares is targeting a launch today for 3x leveraged XRP ETFs.
- ETF clients bought 2.42 million dollars worth of XRP, bringing total ETF-held net assets to 1.44 billion dollars.
- Telegram CEO announced TON fees will drop sixfold soon to around 0.0005 dollars per transaction, with most transactions becoming fee-less shortly after.
- Robinhood listed Zcash.
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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