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 repurchases $2B of its debt, bringing total buybacks over past 4 weeks to over $10B.
→ OpenAI and Oracle sign $300B computing deal, one of the biggest in history.
→ Boyaa set to raise $56M to buy more BTC.
→ NVDA market cap now exceeds every nation’s stock market except the US, China, Japan, and India.
→ U.S. PPI falls to 2.6%, lower than expectations.
→ SEC opens door to cryptocurrency super-apps.
→ Wells Fargo reports Federal Reserve plans to reduce interest rates five times by mid-2026.
→ BlackRock set to launch BTC ETF in the UK next month.
→ Bitcoin hashrate hits a new all-time high.
→ Bitcoin hits $114,000.
→ Kyrgyzstan Parliament approves bill on introduction of state crypto mining tools.
→ Belarus President urges banks to expand crypto use amid sanctions.
→ JPMorgan says institutional adoption for crypto is still in early phases.
→ Binance partners with $1.6T asset manager Franklin Templeton to build tailored digital asset initiatives.
→ Oracle's Larry Ellison surpasses Elon Musk as the world's richest person following earnings surge.
→ S&P 500 closes at another all-time high, its 22nd of the year.
→ Chewy Q2 adjusted EPS $0.34 beat, revenue $3.10B beat, autoship sales hit $2.58B or 83% of total.
📊 Altcoin Market Updates 📊
→ BlackRock buys 10,269 ETH worth $44.1M.
→ SEC delays staking for BlackRock's spot Ethereum ETF.
→ SEC delays decision on Franklin Spot SOL ETF.
→ XVM price rallies 140% in past 24 hours, hits $4.5M in 24H DEX volume.
→ VanEck plans to file for Hyperliquid spot staking ETF in the U.S. and ETP in Europe.
→ Bonkfun announces USD1 pairs now available in partnership with WLFI.
→ Polygon currently faces 10-15 minute delay in finality.
→ Kraken expands xStocks offering to Europe as tokenized stocks gain steam.
→ Solana DeFi TVL hits new all-time high.
→ SEC targets U.S. firms tied to suspected Chinese pump and dump scams.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
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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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