Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Federal Reserve cuts interest rates by 25bps, signaling 50bps more easing this year amid a slowing economy and weakening job market.
→ Bitcoin price fell below $115,000 but climbed back up to around $117,500.
→ BlackRock buys 1,794 BTC worth $209.2 million.
→ Fidelity purchases 397 BTC valued at $46.5 million.
→ Japan's Metaplanet raises $1.4 billion, including from sovereign wealth funds, to acquire more Bitcoin.
→ MicroStrategy's Michael Saylor predicts "thousands and thousands" of Bitcoin treasury companies as demand explodes.
→ Eric Trump calls crypto a "perfect hedge" against real estate assets.
→ SEC approves generic listing standards for ETFs, enabling faster digital asset approvals without case-by-case review.
→ SEC greenlights Grayscale Digital Large Cap Fund for trading, covering BTC, ETH, XRP, SOL, and ADA.
→ REX-Osprey to launch first U.S.-listed spot ETFs for XRP and DOGE today.
→ CME Group to introduce options on XRP and SOL futures starting October 13, pending review.
→ Coinbase CEO Brian Armstrong in D.C. pushing for crypto market structure legislation to avoid future SEC chairs like Gary Gensler.
→ Binance founder CZ states "crypto improves lives."
→ China orders tech giants like ByteDance and Alibaba to halt Nvidia AI chip purchases.
→ Apple reportedly begins test production of foldable iPhones in Taiwan.
→ UK FCA to formally regulate crypto firms starting 2026, waiving some traditional finance rules.
→ U.S. top 10% income earners now account for nearly 50% of all consumer spending, a record high.
📊 Altcoin Market Updates 📊
→ Fidelity sells 10,638 ETH worth $48.3 million.
→ BlackRock offloads 4,490 ETH valued at $20.3 million.
→ Solana co-founder Anatoly Yakovenko emphasizes decentralization's superiority: "It needs to win because it's a better product, otherwise it won't survive."
→ Kraken partners with Circle to expand global access to USDC and EURC stablecoins.
→ HYPE & BNB made new all-time highs.
→ Over $105 million liquidated across crypto markets post-Fed decision.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $XRP $BNB $HYPE $SOL
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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