Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
The S&P 500 reached a new all-time high of 7,450.
Charles Schwab, with $12 trillion in assets, is rolling out spot bitcoin and ethereum trading to retail clients starting today.
Fidelity announced support for the crypto market structure Clarity Act, stating it will help the US remain a global leader in digital assets.
Coinbase CEO Brian Armstrong noted a compromise on the Bitcoin and crypto market structure bill, bringing it closer to Senate passage.
Michael Saylor's Strategy is estimated to have acquired over 4,708 bitcoin yesterday.
Kalshi traders are forecasting bitcoin could go as low as $60,000 this year.
Over $326 million in crypto long positions were liquidated in the past 24 hours.
US and China have begun trade talks in Beijing, with President Trump meeting Chinese President Xi Jinping.
Producer prices in the US rose 6% over the last year, the highest since December 2022.
US interest expense on public debt reached a record $1.27 trillion over the last 12 months.
Credit card, student loan, and auto loan delinquencies have risen to multi-year or record highs.
📊 Altcoin Market Updates 📊
The Bank of England is scaling back plans for strict stablecoin rules after industry pressure.
Tether CEO Paolo Ardoino stated that crypto clarity is coming.
Russia's largest exchange, Moscow Exchange, is launching the MOEX XRP Index within 24 hours.
a16z has been aggressively accumulating and staking $HYPE, acquiring millions worth over the past month.
The $WORLDCUP team has burned 6.3% of supply worth $168,000 so far.
$DAD price rallied 690% shortly after launch.
$BULL token surged after a whale purchased $100,000 worth.
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 $SPY $QQQ $OIL
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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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