Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin has pumped back above $75,000.
- Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 in 18 months.
- Bitcoin is forecasted to hit as high as $95,000 this year according to Kalshi traders.
- Bitcoin is now officially over halfway to the next halving.
- Polymarket odds show the chance of Bitcoin dumping to $60,000 has fallen to 38 percent, with rising odds of pumping to $80,000 first.
- The S&P 500 has hit a new all-time high, closing at 7,022.
- Tesla shares rose over 7 percent, adding $100 billion to its market cap.
- US oil exports hit a record 5.2 million barrels per day last week amid disruptions tied to the Iran conflict.
- Pakistan's central bank has overturned its ban and now allows banks to open accounts for licensed Bitcoin and crypto service providers.
- Morgan Stanley says tokenization is the next major step for its $2 trillion business.
- The CFTC has launched an investigation into suspicious oil futures trades made before recent policy announcements on the Iran conflict.
- Major banks including Morgan Stanley reported strong first-quarter earnings, driven by trading revenue and wealth management growth.
- ASML posted first-quarter earnings that beat estimates and raised full-year sales guidance.
- The US and Iran have agreed in principle to extend the ceasefire, with Israel expecting the extension to continue and President Trump stating the war with Iran is close to over.
📊 Altcoin Market Updates 📊
- Societe Generale-Forge has partnered with Consensys to expand global access to its USD Coinvertible stablecoin directly in Metamask.
- DefiLlama is launching a new token rights framework that classifies all tokens according to the rights they give tokenholders.
- Chainlink and SIX Group have brought data from Swiss and Spanish equities with a combined market value of €2 trillion onchain.
- OKX has launched MiFID-regulated crypto derivatives for retail and institutional traders in Europe.
- eToro has acquired ZenGo to expand self-custodial crypto capabilities.
- World Liberty Fi has posted a new governance proposal covering locks, vesting and burn options.
- The memecoin $BIRD surged over 850 percent yesterday.
- $DUMBMONEY rallied 45 percent in the past 24 hours.
- Bitcoin is serving as a lifeline for many Iranians as their currency devalues, since it cannot be frozen in the same way as stablecoins.
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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