What a carnage! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Crypto market records largest single-day liquidation event in history.
→ $19,000,000,000 liquidated from the crypto market.
→ $250,000,000,000 wiped out from the crypto market cap today.
→ S&P 500 fell 2.7%, the biggest daily decline since April 10.
→ $1.65 trillion wiped out from US stock market.
→ Trump says China is becoming very hostile.
→ President Trump threatens a massive increase of tariffs on Chinese products coming into the United States.
→ President Trump to impose 100% tariff on China starting November 1st.
→ Polymarket traders raise bets on shutdown dragging on to end of October.
→ Bitcoin fell below $105,000, now trades around $113k.
→ Less than 2 weeks ago, Jim Cramer said to buy crypto, today, the crypto market had one of its biggest crashes in history.
→ Michael Saylor says there are no tariffs on Bitcoin.
→ $8 trillion Morgan Stanley to allow all their clients to invest in Bitcoin and crypto.
→ Bank of Russia to allow domestic banks to engage in limited cryptocurrency operations.
→ Russian Deputy Finance Minister says an estimated 20 million people are using Bitcoin and crypto in Russia.
→ Giant Bitcoin ad spotted in Brazil’s largest financial newspaper.
→ 2025 Nobel Peace Prize winner said Venezuela should create a national Bitcoin reserve because it is a lifeline.
→ President Trump’s shortlist for Fed Chair now down to five candidates: Bowman, Waller, Hassett, Warsh, and Rieder.
→ President Trump considers pardoning Binance Founder CZ.
→ Binance and Coinbase report degraded performance with transactions due to heavy market activity.
📊 Altcoin Market Updates 📊
→ Ethereum falls under $4,000, now trades at $3800.
→ BlackRock clients sell $80.2 million worth of Ethereum.
→ Solana drops below $200.
→ Atom flash dumped to $0.001 on Binance during crash.
→ Melania meme down 99% since launch.
→ Several top 100 tokens by market cap are down over 40% in 1 hour.
→ Hyperliquid says during the recent market volatility, the Hyperliquid blockchain had zero downtime or latency issues despite record traffic and volumes.
→ Perp dex Lighter says it is experiencing an outage due to extremely high TPS over the last 12 hours.
→ Helius CEO says we just witnessed a dump greater than even the Covid one, and somehow Solana worked great.
→ Cobie says probably one of the most severe flushes I’ve ever seen on alts.
→ Kamino says despite the unprecedented price action, Kamino users incurred a total of $0 bad debt.
→ Ethena Labs says we can confirm the mint & redeem functionality has remained operational throughout with no downtime experienced, and USDe remains overcollateralised.
→ Algorand has been added as a partner for Google Cloud Tech’s Agent Payments Protocol.
→ Major global banks are collaborating on plans to launch joint stablecoin Initiative: Bank of America, Goldman Sachs, Deutsche Bank, BNP Paribas, Santander, Barclays, TD Bank, MUFG, UBS, Citi.
Stay strong all!
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
@TimothyAssi
$BTC $ETH $SOL $XRP $BNB
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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