Happy Monday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
π¨ Major Headlines & Market Moves π¨
- Michael Saylor hinted at buying more Bitcoin, posting βWeβre back.β
- Kalshi traders put less than a 25% chance on Bitcoin outperforming gold this year.
- Brent crude oil surged back over $90 as the US and Iran resumed strikes.
- President Trump said he will fill US strategic oil reserves with Venezuelan oil.
- US national debt is now 124% of GDP, four times higher than in the early 1980s, with large deficits during an expansion and unemployment at 4%.
- US national debt has increased by more than $700 billion since July 1.
- Trailing twelve-month net income stands at $244 billion for Google, $193 billion for Nvidia, $135 billion for Amazon, $134 billion for Microsoft, $129 billion for Apple, $86 billion for Berkshire Hathaway and $68 billion for Meta. Combined Russell 2000 net income is -$15 billion.
- Historically, stocks have tended to rise over time after military conflicts, as wars eventually end and earnings still grow in the long run.
- This weekβs earnings calendar is led by Broadcom, Dell and Snowflake, with attention on AI demand, cloud growth and forward guidance. Other names include Palo Alto Networks, MongoDB, Zscaler, DocuSign and Lululemon.
- An ECB executive board member called for central bank money to move onto the blockchain using smart contracts.
- Kalshi traders put a 69% chance on Claude being the best AI at the end of 2026.
- Coinbase expanded Bitcoin-backed mortgages without selling Bitcoin or facing margin calls.
- Strive bought 1,100 Bitcoin for $85 million.
π Altcoin Market Updates π
- RLUSD supply crossed $1 billion on the XRP Ledger.
- RLUSD supply on Ethereum surpassed the XRP Ledger after growing about 93% in 30 days.
- Monero rallied 8.9% after a THORChain upgrade added native support for XMR swaps.
- Charles Schwab plans to add trading for Solana, Avalanche and Chainlink.
- Robinhood chain flipped Ethereum and Hyperliquid in 24-hour app revenue, while Base dropped out of the top 5.
- Pons flipped both Fomo and Hyperliquid in 24-hour revenue.
- Robinhood chain daily NFT trading volume hit a new all-time high.
- Fomo had a temporary service outage with a bridge partner, affecting cross-chain buys and sells.
- Traders posted large paper gains on Robinhood-based $PONS, including one wallet up more than $3.5 million after putting in about $67.5k.
If you enjoyed this daily roundup, make sure to follow me, Iβll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
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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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