Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Supreme Court strikes down President Trump’s tariffs as illegal.
- President Trump announces a backup plan and imposes a 10% global tariff using different powers, over and above normal tariffs.
- President Trump officially signs order imposing additional 10% tariff on all countries.
- President Trump says the Supreme Court justices who voted against tariffs are a disgrace to our nation.
- President Trump says $175 billion in tariff refunds will be fought in court for the next 5 years.
- Illinois Governor JB Pritzker sends invoice to President Trump demanding $8.6 billion in refunds following Supreme Court tariff ruling.
- 70% chance of a court ordering a tariff refund before 2027, per traders on Kalshi.
- 40% chance the Supreme Court forces President Trump to refund $175 billion in tariff revenue.
- Spot silver surges to $84.5/oz.
- Gold reclaims $5,100.
- Bank of Montreal expects gold to rise near $6,500/oz in 2026.
- Bitcoin’s hashrate has increased over 28% from its recent bottom.
- Billionaire Tim Draper says Bitcoin is the greatest thing that’s happened to humanity, as big a deal as going from shells to gold.
- President Trump’s next Fed Chair pick, Kevin Warsh, wishes he had understood how transformative Bitcoin would be and sees it as an important asset.
- White House Executive Director Patrick Witt says the meeting on Bitcoin and crypto market structure legislation was a big step forward, expecting to meet the deadline.
- Nakamoto Inc. completes acquisition of BTC Inc. and UTXO Management.
- 94% of Vietnamese financial institutions plan to increase AI investments over the next 12 months.
- CZ Binance says software eats the world, AI eats software.
📊 Altcoin Market Updates 📊
- Coinbase aware that some users experiencing delayed sends and receives on the Solana network.
- BGD Labs to cease Aave contributions after four years as governance tensions grow.
- Humanity Protocol’s $H token set to power a trillion-dollar trust market building identity infrastructure for humans, institutions, and AI.
- $GROKIUS rallies as ALX changes his name to ‘Grokius Maximus’ and follows their official X account.
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 $SILVER $GOLD
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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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