Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Morgan Stanley applies for national trust bank charter to allow the Wall Street bank to custody Bitcoin and crypto assets.
- The number of addresses holding more than 100 Bitcoin hit a new all time high.
- M2 money supply hit an all-time high.
- SpaceX could seek valuation over $1.75 trillion in IPO.
- $110,000,000,000 deal signed between Paramount and Warner Bros Discovery.
- President Trump says he’s not happy with negotiations on Iran.
- 55% chance of a US-Iran nuclear deal before 2027, per Kalshi traders.
- President Trump on using military force in Iran: “Don’t want to, but sometimes you have to.”
- China urges all its citizens to leave Iran immediately.
- Over 80% of financial institutions across Saudi Arabia & UAE say they’re likely to modernize their infrastructure within the year.
- Saudi Arabia’s international reserves hit their highest since 2022 last month, fueled by rising oil revenues and higher foreign debt issuance.
- OpenAI officially reaches deal with the Pentagon to deploy its AI models for military use.
- US government officially designates AI company Anthropic a "supply chain risk."
- President Trump orders all federal agencies to immediately stop using Anthropic's Claude AI.
- Gold reclaims $5,250.
- Tariffs were pitched as the fix for America’s trade deficit, but instead it hit another record high at –$1.241 trillion in Goods for 2025.
- Producer Prices in the US rose 4.6% per year over the last 5 years and over 25% in total.
- Leveraged Loans are now down over 2% from their Jan high.
- Duolingo guidance: pivot toward user growth, expect much slower DAU growth.
📊 Altcoin Market Updates 📊
- $STABLE introduces single-stablecoin system for end-to-end on-chain payments, aiming to simplify fees and reduce transaction friction.
- SoFi now supports Solana network deposits.
- PayPal, MoonPay and M0 launch PYUSDX to let apps create their own stablecoins.
- Barclays explores blockchain platform for payments, deposits.
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 $GOLD $SILVER $SPY $ETH
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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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