Good morning all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ There is now an 86.4% chance of a rates cut in September.
→ $2,000,000,000 in BTC shorts will be liquidated at $115,000.
→ Fidelity sells 588.41 BTC worth $63.7 million.
→ BlackRock buys 227 BTC worth $24.6 million.
→ Elon Musk's xAI sues Chinese engineer Xuechen Li for allegedly uploading Grok's codebase to OpenAI after being hired by them, then selling $7 million in xAI shares.
→ Earnings Week Sept 1–5: Key reports $NIO $ASO $SIG $ZS $HQY $DLTR $M $CRM $HPE $GTLB $ASAN $AI $PD $CHPT $AVGO $LULU $DOCU $PATH $IOT.
→ Weekly Earnings Movers: Biggest Gainers $AMBA +18% on strong beat and raised outlook on edge-AI demand, $BABA +12% on cloud growth +26% YoY and AI momentum, $ADSK +7.5% on earnings beat and improved guidance.
→ Weekly Earnings Movers: Biggest Losers $MRVL −18% on weak outlook and AI spending concerns, $DELL −8.9% on disappointing guidance despite AI server story, $CRWD −8% on softer revenue forecast tied to outage impacts.
→ Other notable movers: $OKTA +2% on beat and raised guidance, $NVDA −3.3% pulled back after earnings, $ULTA −7.1% on margin pressures and weaker same-store sales.
📊 Altcoin Market Updates 📊
→ Stablecoin supply on ETH surpasses $160,000,000,000 marking new all-time high.
→ Cryptopunk #1919 sold for 119.19 ETH (~$519K).
→ Reddit to end avatar creator program: Shop open until Nov 11, collection display on profiles & NFT transfers to be removed, collectors need to export vault wallet by Jan 1, 2026.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SOL $XRP $LINK
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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