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 rises back to $104,000. Now trades around $103,200.
→ Metaplanet borrows $100 million using Bitcoin as collateral to buy more Bitcoin.
→ Miami Mayor Francis Suarez says he's up over 300% since taking his pay in Bitcoin.
→ Total Spot Bitcoin ETF trading volume surpassed $1 billion in the first 30 minutes of trading yesterday.
→ Bitcoin has gone down more than 20% seven times this cycle.
→ US Senator Cynthia Lummis says community banks need to embrace Bitcoin and crypto.
→ $12 billion Bitwise CIO Matt Hougan says he is optimistic that we are going to rally at the end of the year.
→ Zooko says Hal Finney told him on his deathbed that he was not Satoshi Nakamoto.
→ With 70% of companies reported, S&P 500 operating earnings are up 19% YoY, the 11th straight positive quarter and highest growth rate since Q4 2021.
→ Active Managers are leveraged long equities for the first time since July 2024.
→ US Rents were down 0.9% over the last year, the 29th consecutive month with a YoY decline.
→ It's official: this is now the longest US government shutdown in history at 36 days and counting.
→ President Trump says the US economy is booming and costs are coming down.
→ President Trump says the stock market will hit many more record highs.
→ President Trump says Chinese President Xi Jinping is a friend of mine, as much as he can be.
→ Nvidia CEO Jensen Huang says China will win against the US in AI race.
→ DXY dollar index rises to 5-month high.
→ Cambodia set to become one of the first countries to store gold with China.
→ $7 trillion Charles Schwab CEO Rick Wurster says the company plans to launch crypto trading in the first half of 2026.
→ President Trump says he's making the United States the Bitcoin superpower, the crypto capital of the world and the undisputed leader in artificial intelligence.
→ Senator Cynthia Lummis says crypto is the future and we need to make sure banks are embracing it.
→ Dinari taps Chainlink to tokenize S&P DJI's upcoming crypto market index.
→ Daily Active Users reached 477M for Snap, while Snapchat+ revenue surged 54% YoY.
📊 Altcoin Market Updates 📊
→ ETH forecasted to hit $2.83K this year, based on price of recent trades on Kalshi.
→ Ripple announces $500 million investment round led by Fortress and Citadel Securities.
→ Ripple partners with Mastercard to introduce RLUSD credit card settlements on XRP ledger.
→ India’s Madras High Court legally recognises XRP as property, granting it protection under criminal law.
→ DOGE1 on Solana continues to climb after Elon Musk declared, “It’s time” to send Dogecoin to the moon.
→ BNB Chain announces ZachXBT is now supporting the BNB Chain community to help keep the ecosystem cleaner, fairer, and more transparent.
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 $SOL $HYPE $SPY $QQQ
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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