Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Crypto was one of the few asset classes in the green while equities sold off.
Chip and AI names led the weakness.
Nvidia and other AI infrastructure stocks sold off after Anthropic CEO Dario Amodei called for slowing development of the most capable models on safety grounds. Nvidia CEO Jensen Huang later told President Trump he will not slow down AI development.
Oil extended its rally after Saudi Arabia shut a key pipeline that bypasses the Strait of Hormuz following attacks. WTI traded above $102 and Brent moved toward $105-$110, adding to inflation concerns.
The 10-year Treasury yield touched or exceeded 5%, its highest level since 2007 in some measures. Markets are pricing a high probability of a 25 basis point Fed rate hike at this week’s FOMC meeting.
The Clarity Act remains the main crypto policy story. Senator Cynthia Lummis said Democrats will not vote yes no matter what is in the text and accused them of holding the bill hostage.
Senate Democrats rejected the latest Republican draft over ethics language and planned a counterproposal. New York Attorney General Letitia James is leading a coalition asking Congress to block the bill. Ripple CEO Brad Garlinghouse called on the Senate to pass it.
The House Financial Services Committee is scheduled to consider the Strategic Bitcoin Reserve this Wednesday. The House also unveiled new crypto tax legislation.
President Trump said AI and data centers will be a greater economic engine than oil, gold, or the internet, and repeated that a $5,000 dividend “will happen.”
Morgan Stanley’s head of digital assets said Bitcoin as digital gold is one of the strongest areas of client interest. Kalshi launched gold and silver perpetuals in the U.S.
U.S. spot Bitcoin ETFs recorded hundreds of millions in outflows last week, ending a multi-week inflow streak.
Prince Filip of Serbia said he is in conversations with countries about Bitcoin adoption.
📊 Altcoin Market Updates 📊
XRP rallied nearly 10% over 24 hours and reclaimed $1.46.
Almost all altcoins of the CoinDesk 100 finished higher on Monday, the broadest advance in two weeks.
Bnb Chain flipped Solana in DeFi TVL.
Etherscan launched a Robinhood Crypto chain explorer called Robinscan.
A whale holding about $4 million of Artificial Inu bought Artificial Mini Cat, sparking talk of a related cat token.
Edel joined DTCC’s digital assets industry working group alongside BlackRock and Goldman Sachs to support a tokenization service expected in Q4 2026.
Old School RuneScape said using cryptocurrency or meme coins to trade, bet on, or profit from in-game item prices is not permitted.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
Looking to profit from altcoins? Here’s a FREE 5-day email course!Get instant access here:https://panicdrop.kit.com/5dayaltcoincourseAvoid the mistakes killing 97% of traders.Master the charts & time your entries using Bitcoin’s signals.
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.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
