Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- President Trump officially selects Kevin Warsh as new Fed Chair.
- The U.S. government has officially shut down.
- U.S. approves potential $9 billion sale of Patriot missiles to Saudi Arabia.
- Gold briefly crashes below $4,700, falling over 13% in a single day.
- Gold lost over $5 trillion in 48 hours.
- Silver price drops 39% from all-time high, crashing below $80 and briefly falling over 30% in a single day.
- Nearly $100 million was wagered on Fed Chair market, Kalshi traders priced Kevin Warsh at 75% before Trump announcement.
- Saudi Arabia announces new support for the Central Bank of Yemen.
- China clears top AI startup DeepSeek to buy Nvidia H200 chips.
- Tennessee State Rep. Jody Barrett introduced a bill to create a Tennessee Strategic Bitcoin Reserve.
- JPMorgan’s Jamie Dimon told Coinbase CEO Brian Armstrong, “You are full of shit,” after Armstrong accused banks of blocking crypto-friendly legislation.
- SEC and CFTC Chairmans say they must act quickly to upgrade rules and regulations to accommodate digital assets.
- President Trump says his new Fed Chair Kevin Warsh will cut rates without any pressure.
- Michael Saylor says Kevin Warsh will soon become the first pro-Bitcoin Chair of the Federal Reserve.
- President Trump says he passed on appointing Kevin Hassett as Fed Chair because he didn't want to let him go.
- Nvidia flips silver to become the world's second-largest asset by market cap as silver's price plunges over 30%.
- Odds of Bitcoin hitting $150,000 in 2026 drop to 16% on Polymarket.
- Microsoft wants to be a token factory: Azure +38%, Copilot reaches 15 million paid subs, capex surges 66% to $37.5 billion.
📊 Altcoin Market Updates 📊
- Silver-USDC perp 24h volume flips ETH-USDC perp on Hyperliquid.
- $11 million silver long position liquidated on Hyperliquid.
- Propy $PRO raised $100,000,000 to scale its AI-led roll-up of title companies across the U.S.
- €47,750 donated to Cris Cancer to support the fight against cancer, thanks to the $CANCER community.
- OKX CEO alleges no complexity, no accident, 10/10 was caused by irresponsible marketing campaigns by certain companies.
- Tether launching a Genius-compliant U.S. stablecoin.
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 $GOLD $SILVER $SPX500
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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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