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. spot Bitcoin ETFs recorded 9 straight days of inflows totaling $3.07 billion, while Fidelity clients sold $125.58 million of $BTC.
- U.S. M2 money supply hit an all-time high.
- The U.S. 10-year Treasury yield rose to 5.304%, the highest since May 2002, and the 30-year yield ended at 5.64%.
- The U.S. bond market fell 2.6% in September, one of the worst months in 30 years.
- Core PCE inflation was 3.0% in August, the 66th straight month above the Fed's 2% target, with at least one more rate hike expected before year-end.
- President Trump said Federal Reserve Chair Jerome Powell should be forced to resign from the board.
- The U.S. Treasury is set to buy back up to $6 billion in longer-term debt.
- The S&P 500 fell 0.5% in September, but 78% of its stocks finished lower and the equal-weight index dropped 4.5%.
- Micron posted Q4 revenue of $54.23 billion and adjusted EPS of $33.42, both ahead of estimates, with a stronger Q1 guide and an 87% gross margin.
- Jabil beat on AI demand, with revenue of $10.62 billion and a raised fiscal 2027 outlook.
- Hewlett Packard Enterprise rose after a $1.2 billion Vultr order for AMD Helios AI racks.
- Google unveiled Gemini 4, its most powerful AI model.
- A judge approved Paramount's $110 billion acquisition of Warner Bros.
- Senate Republicans introduced a crypto tax bill, and SEC Chair Paul Atkins said the agency is working on clearer rules for crypto markets.
- TD Cowen said Bitcoin is evolving from an asset into a capital markets ecosystem.
- The EU is questioning Binance over continued operations despite an order to wind down.
- Ryan Cohen bought another 450,000 GameStop shares, taking his September purchases above 2.6 million shares.
- Robinhood unveiled in-app AI agents that can research markets and execute trades, and plans 24/7 stock trading.
- Florida Governor Ron DeSantis said the U.S. should never have a central bank digital currency.
📊 Altcoin Market Updates 📊
- Visa, Stripe, Shopify, Coinbase and Mastercard backed the launch of stablecoin Open USD ($OUSD) on Solana, Base, Ethereum and Tempo, with $1 billion in launch liquidity.
- Binance Pay launched $USDT payments at PayPay locations across Japan, with more than 100 cryptocurrencies supported.
- Bitwise clients bought $5.75 million of $SOL.
- Brazil's CSD BR partnered with Ripple to mirror securities ownership records on the $XRP Ledger, starting with BTG Pactual fund shares.
- Alleged DPRK-linked attackers began shielding about 2,700 $ZEC, worth $3.8 million, from the Bitget exploit into the Ironwood pool.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
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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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