Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin briefly drops below $66,000.
- Goldman Sachs CEO David Solomon says he owns a small amount of Bitcoin and is watching it closely.
- Abu Dhabi Investment Council is building an allocation to Bitcoin as a store of value similar to gold.
- Odds of Bitcoin and crypto market structure legislation being signed into law this year spike to 71% according to Polymarket.
- Coinbase CEO Brian Armstrong says there's now a path forward for President Trump's crypto agenda.
- Crypto lending firm Ledn sold $188 million of securitized bonds backed by Bitcoin.
- Saudi-backed AI company Humain invests $3,000,000,000 into Elon Musk’s xAI.
- The World Uncertainty Index hits a record high, surpassing Covid, the Global Financial Crisis, and the Dot Com Bubble.
- Nvidia CEO Jensen Huang says he’s preparing new chips the world has never seen before.
- Japanese convenience chain Lawson to enter India market, targeting 10,000 stores by 2050.
- Turkish football giant Galatasaray’s shares rose as much as 4.8% after victory over Juventus.
- The Federal Reserve says Kalshi markets provide a valuable benchmark for researchers and policymakers.
- Wall Street's 13F filings show buying more Google, AI power/infrastructure, and global e-commerce players.
📊 Altcoin Market Updates 📊
- Solana briefly falls to $80.
- PumpMarket $PMT goes live, letting traders bet SOL on pumpdotfun tokens.
- Billionaire Peter Thiel fully exits Ethereum treasury firm ETHZilla, sells entire stake.
- OpenAI launches benchmarking system to help secure crypto tokens and smart contracts.
- Coinbase aware of degraded performance for sending DEX tokens or trades, working to restore.
- Coinbase CEO says most people would benefit from stablecoins, and AI agents will use them as default payment.
- Paradigm and OpenAI launch EVMBench to test AI agents on detecting crypto contract vulnerabilities.
- Coinbase's Ethereum L2 Base is moving from OP-Stack to Unified Base Stack.
- NYSE President says prediction markets influenced traditional markets, citing Polymarket.
- Kraken acquires token manager Magna as prepares for IPO.
- Hyperliquid launches DeFi-focused policy shop led by Jake Chervinsky.
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 $SILVER $SPY $QQQ
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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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