Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here’s your full recap:
🚨 Major Headlines & Market Moves 🚨
- Michael Saylor’s Strategy bought 267 $BTC for $22.1M, while spending $193.1M buying back its $STRC preferred stock.
- Strive bought 1,223 Bitcoin for about $100M at an average price of $81,734, bringing its holdings to 36,818 Bitcoin worth about $3B.
- Japan’s Metaplanet will buy Super League for 2,100 Bitcoin and $2.5M, giving the 2nd largest corporate Bitcoin holder a US listed Bitcoin treasury platform.
- Bitcoin reclaimed $83,000 and is bouncing off its 50 day moving average, a level that has historically signaled the start of a bull market.
- Bitcoin is now less volatile than 57% of S&P 500 companies, according to Grayscale.
- Polymarket now shows a 56% chance that Bitcoin will be above $90,000 this year.
- Germany’s Sparkassen, Europe’s largest banking network, launches crypto trading, allowing its 40 million customers to buy and sell Bitcoin, Ethereum, XRP and Solana.
- Deutsche Bank targets an Asia crypto custody expansion in 2027 as its German launch nears.
- AnchorWatch Trust Company launches a Bitcoin custody service with up to $370M in insurance per client.
- Elon Musk says that next year he will give one of his SpaceX $SPCX shares to every kid in America, calling it “the first of many,” and President Trump thanked him for the pledge.
- A breakthrough agreement between Washington and Tehran could be announced this week, according to reports.
- The Fed is set to inject $14.61B into the market starting this week.
- JPMorgan CEO Jamie Dimon says the US economy is “booming.”
- Goldman raises its forecast for China’s 2026 GDP growth to 4.6%.
- Tech bounced on Monday with the Nasdaq up 1.1% and $AMZN surging about 5%, but most US stocks still finished lower.
- Silence Therapeutics $SLN soared 125% after Merck KGaA agreed to acquire it in a $1.3B all cash deal.
- Earnings today before the bell: $GE, $GM, $RTX, $NOC and $MMM headline a packed morning.
📊 Altcoin Market Updates 📊
- JPMorgan is expanding its JPM Coin deposit token to Ethereum, allowing institutional clients to move money 24/7.
- Tom Lee’s BitMine bought 12,535 $ETH worth $30M.
- Visa partners with Mesh to make crypto and stablecoins spendable at 175 million merchants.
- Mastercard $MA launches a new risk intelligence tool to make stablecoin payments safer.
- Citi says $AAVE represents one of the most important real world use cases for tokenized finance.
- BlackRock pushes to bring tokenized assets into traditional banking and financial systems.
- Binance burned 1.64 million $BNB worth over $1.19B in its 37th quarterly burn.
- Solana’s 24 hour app revenue was 12x higher than Robinhood’s crypto chain.
- LI.FI now supports Ondo tokenized stocks via intents on Solana.
- Kinetiq will launch an L2 for Hyperliquid on November 9.
- An official XRP account has launched on X, dedicated to $XRP and the XRP Ledger.
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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