Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ BlackRock buys 454 BTC worth $52 million.
→ BlackRock buys 57,105.58 ETH worth $261 million.
→ Fidelity buys 4,457.98 ETH worth $20 million.
→ Strive to buy over $700 million in BTC after going public.
→ Ex-Thai PM Thaksin Shinawatra meets MetaPlanet & Nakamoto CEOs to discuss Thailand establishing strategic BTC reserve.
→ US publishes GDP data on the Bitcoin blockchain.
→ CFTC to create pathway for US citizens to trade on offshore Bitcoin and crypto exchanges.
→ JPMorgan says Bitcoin is undervalued versus gold.
→ US Department of Commerce says we are cementing our role as the blockchain capital of the world.
→ US revises Q2 GDP growth up to 3.3%.
→ S&P 500 reaches new all-time high of 6,500.
→ S&P 500 dividend yield drops to 1.19%, lowest since 2000.
→ Philippines cuts interest rates to 5.00%.
→ Dell Technologies reports record Q2 revenue driven by AI solutions.
→ Marvell Technology sees AI-fueled Q2 growth.
→ Bitplanet launches Korea's first global institutional Bitcoin treasury company, plans to buy $40 million of Bitcoin.
→ Hong Kong SFC aims to build up Hong Kong to be a trusted nexus of Bitcoin liquidity.
→ Eric Trump and Donald Trump Jr. backed American Bitcoin to start soon trading on the Nasdaq.
→ Former Coinbase CTO Balaji Srinivasan says when Bitcoin wins, real estate falls in real terms.
→ Former Binance CEO CZ predicts Bitcoin will become the global reserve currency.
📊 Altcoin Market Updates 📊
→ Publicly traded Bitmine Immersion buys 78,791 ETH worth $354.6 million.
→ 4 whale addresses buy $357.2 million worth of ETH over 2 days.
→ Total stablecoin supply surpasses $280 billion for the first time ever.
→ Tether to launch USDT on Bitcoin via RGB.
→ US Department of Commerce partners with Chainlink to bring government macroeconomic data onchain.
→ Pyth Network selected by US Department of Commerce to verify and distribute economic data onchain.
→ Vitalik offloads MANYU tokens.
→ Robinhood lists TON.
→ 21Shares files S-1 for SEI ETF.
→ Solana DeFi TVL highest since January.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SOL $SUI $LINK $XRP $ADA
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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