Happy Monday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
US Senators released the final draft of the Crypto Clarity Act, with a vote scheduled for Tuesday. President Trump officially agreed to the new bipartisan ethics provisions in the bill.
Brent crude oil surged after Saudi Arabia shut down a major pipeline following an attack. Prices rose 2.4%.
OpenAI CEO Sam Altman warned that humanity could lose control of the future to AI.
President Trump rejected calls to slow down AI development.
Elon Musk said he is highly confident SpaceX will launch Nvidia AI computers in space next year.
Anthropic selected Nasdaq for its potential IPO listing.
Odds of Bitcoin dropping to $50,000 before $100,000 doubled to 26%. Bitcoin traded around the $77,000 level over the weekend.
The S&P 500's Cape ratio moved up to 41, its highest level since 2000 and above 99% of historical valuations.
The Fed's inflation target is 2%, but consumer prices have risen at a 4% annualized rate since January 2020 and sit 13% above the 2% trend line.
America's 25-64 population growth is projected at just 0.3% per year next decade, down from 1.8% in the 1980s. Future growth will depend more on productivity.
President Trump plans to remove tariffs on Irish whiskey.
Upcoming earnings include Forgent Power Solutions after its quarter, Trip.com on Tuesday, and Lennar on Wednesday.
📊 Altcoin Market Updates 📊
Solana posted 16.9 times the 24-hour app revenue of Base.
Fomo flipped Pumpfun in 7-day revenue.
Solana recorded over $100 million more tokenized equity volume than Nasdaq and NYSE combined in a single day.
Volkswagen's truck division Traton selected Ripple Treasury for forecasting.
The Robdog team burned its dev wallet while the community continues holding.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
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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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