Happy Thursday all, what a strong move in crypto! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Robinhood CEO Vlad Tenev says tokenization is going to "eat the entire financial system."
→Bitcoin hits $119,400 , now trades around $118,500.
→ $330,000,000 worth of Bitcoin & Ethereum shorts liquidated in the past 24 hours.
→ Bitcoin overtakes Amazon's market cap to become the seventh-largest asset.
→ 74% chance Bitcoin will hit $125K before January 2026, per traders on Kalshi.
→ Foreign holdings of US equities have crossed above $20 trillion, a record high.
→ S&P 500 closed at another all-time high, its 29th of the year.
→ Elon Musk becomes first person in history to surpass $500 billion net worth.
→ President Trump says Fed Chair Jerome Powell is an 'obstructionist.'
→ The ratio of the US Stock Market’s Value to GDP (Buffett Indicator) has moved up to a new record high at 217%.
→ Michael Saylor says "Happy Uptober."
→ S&P 500 is now trading at over 3.3x sales, its highest valuation in history.
→ Silver closed out the month of September at $47 an ounce, its highest monthly close in history.
→ The Fed’s preferred measure of inflation (Core PCE) moved up to 2.9% in August, the highest level since February.
→ The University of Michigan Consumer Sentiment index has moved down to 55, but US Retail Sales grew 4.8% over the last year.
→ S&P 500's Dividend Yield has moved down to 1.17%, the lowest level since 2000.
→ Chance U.S. Fed does not change rates in October drops to 7% on Polymarket.
→ $9.3 trillion asset manager Vanguard is considering offering crypto products to its clients.
→ Treasury Department is preparing to formally relax a proposed rule to tax unrealised bitcoin gains under CAMT.
→ Publicly traded Vanadi Coffee shareholders approve $1.17 billion investment in Bitcoin.
→ BlackRock buys $199.4 million worth of Bitcoin.
→ ARK 21Shares buys $105.7 million worth of Bitcoin.
→ Metaplanet buys another 5,268 Bitcoin worth $615.6 million, now holding 30,823 Bitcoin.
→ Donald Trump Jr. says crypto will preserve US dollar dominance.
📊 Altcoin Market Updates 📊
→ $4,400 Ethereum.
→ XRP surpasses $175,000,000,000 market cap.
→ $FOOTBALL, backed by TrollFootball, rallies past a $1M market cap shortly after launch.
→ $21 million stolen from SBI Crypto, Japan’s largest exchange, laundered through Tornado Cash; North Korean hackers suspected.
→ REX-Osprey buys $18.3 million worth of SOL.
→ $ASTHERUS rallies 40% in the past 24 hours, crosses 2,000 holders.
→ BlackRock buys $127.5 million worth of Ethereum.
→ PLASMA founder says no team members have sold any XPL, all investor and team XPL is locked for 3 years with a 1 year cliff.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
@TimothyAssi
$BTC $SOL $ETH $XRP $HYPE
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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