Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
U.S. Treasury Secretary Scott Bessent strongly urged the Senate to pass the Clarity Act, warning that failure would send a troubling signal that America is unwilling to lead on digital assets.
The National Crypto Association also ran ads in the Wall Street Journal supporting the bill ahead of the September 15 vote.
The U.S. Treasury bought back $12.5 billion of its own debt, bringing the monthly total to $25 billion, and plans to buy back up to another $6 billion in longer-term debt.
U.S. stocks closed lower as oil topped $100 a barrel amid Middle East tensions.
Treasury yields rose to their highest since late 2023.
Apple unveiled its first foldable iPhone Duo starting at $1,999, along with the iPhone 18 Pro at $1,199 and Pro Max at $1,299. The devices feature the 2nm A20 Pro chip, improved batteries, and new camera and AI photo authentication tools. iOS 27 launches September 14.
President Trump said he would issue a $5,000 dividend to every U.S. adult if Republicans win the House and Senate.
He also said the Strait of Hormuz should be renamed the Trump Strait and described it as American territory.
U.S. rents fell 0.8% year over year, the 39th straight month of declines, making renting cheaper than a mortgage in all 50 of the largest metro areas.
Home inventory reached 1.14 million, the highest since 2019.
Copper hit a fresh record of $14,802.50 per ton on tight supplies.
Iran is using Bitcoin and Tether to keep trade flowing during the U.S. war and blockade, according to the Financial Times.
A Wall Street Journal guest essay highlighted Bitcoin’s overlooked promise of economic security and freedom where traditional money and rights fall short.
A 22-year-old pleaded guilty to stealing $245 million in Bitcoin and spending it on luxury homes, cars, and private jets.
An iPhone 4 cost 52.79 Bitcoin in 2010; the new iPhone 18 costs about 0.02 Bitcoin. In 2016 an iPhone cost 1.23 Bitcoin versus roughly 0.01 Bitcoin today.
đź“Š Altcoin Market Updates đź“Š
Hunter Biden’s memecoin $LAPTOP is down over 90-95% from its peak. He said he has not made a single dollar from it and attributed a sharp swing to technical issues that have since stabilized.
$PENPE, billed as the “father of Pepe,” is set for a fair launch on Robinhood Chain tomorrow at 3 PM UTC.
Robinhood Chain leads tokenized equity volume with a 40% market share.
The team behind $PENGUIN on Robinhood Chain burned 200 million tokens.
A Solana prediction market went down shortly after launch.
LaunchOnSF flipped another platform in 24-hour revenue, while another project flipped Pump.fun in 7-day revenue.
Solana is generating more than double Robinhood Chain’s 24-hour app revenue. Hyperliquid flipped Ethereum on a key metric, and Base is missing from the top 5.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
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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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