Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
The S&P 500 posted its highest monthly close ever.
Bitcoin closed out its third-best August ever.
U.S. spot Bitcoin ETFs saw $924 million in net inflows last week. Crypto ETFs overall attracted $3.2 billion in inflows, their largest weekly intake since October 2025, with BlackRock’s IBIT leading.
Strategy bought 4,603 BTC for $370 million.
Public company Strive bought 1,800 BTC for $143 million.
Coinbase CEO Brian Armstrong said banks opposing the Clarity Act do not want competition from crypto companies and do not want to pay higher rates to their customers. He also noted Coinbase now lets users use Bitcoin as collateral for a home down payment without selling it.
President Trump called for the Federal Reserve to cut interest rates.
Fed Chair Kevin Warsh said economic growth in the U.S. appears to have strengthened and that the world is seeing a global investment surge reversing past savings gluts.
Goldman Sachs CEO David Solomon said the U.S. economy is performing well.
Treasury Secretary Bessent said oil prices are going to come down.
The U.S. expects Japan to take action to strengthen the yen.
John Ternus officially became Apple CEO, replacing Tim Cook.
The national average price of gasoline was above $4.00 per gallon every single day in August, a new record.
U.S. national debt increased by $715 billion since July 1 while the 10-year Treasury yield rose from 4.48% to 4.75%.
The U.S. bond market has now been in a drawdown for over six years, the longest in history.
A former Credit Suisse global head of valuation risk said Bitcoin’s worst may be over and expects it to reach $150,000 by late 2027.
Russia’s law regulating cryptocurrency officially went into effect.
📊 Altcoin Market Updates 📊
Bitwise’s XRP ETF surpassed $500 million in assets under management just nine months after launch.
Tom Lee’s BitMine bought 53,501 ETH last week, bringing its total holdings to 5.9 million Ethereum.
Solana printed its first green monthly candle since September 2025.
Hyperliquid is in talks with Kraken parent Payward about a potential U.S. market entry.
OpenSea now supports Solana NFTs.
Telegram CEO Pavel Durov announced that the Gram Wallet inside Telegram is ready and will be gradually rolled out to over a billion users in the coming weeks.
Pump.fun sent 132.94K SOL (about $13.74 million) to Kraken, likely to sell.
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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