Happy Tuesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin hits $116,000, then falls back below $114,000.
→ $217 million worth of crypto long positions liquidated in the past 24 hours.
→ U.S. Department of Energy announces $1 billion partnership with AMD to build two supercomputers.
→ Kalshi prediction market hits new record with $1 billion trading volume in just one week.
→ China's Central Bank states the country will continue to crack down on the operation and speculation of virtual currencies within its borders.
→ James Wynn opens Bitcoin short position with 40x leverage worth $110,085. Liquidation price is $117,465.80.
→ President Trump expresses desire to meet North Korea’s leader Kim Jong-Un.
→ S&P Global Ratings has issued a credit rating to Michael Saylor’s Strategy, the first time for any Bitcoin treasury company.
→ Eric Trump says the UAE and other countries are actively buying Bitcoin.
→ If you hold more than $814.54 of Bitcoin, you own more BTC than Germany.
→ Strategy buys another 390 Bitcoin for $43.4 million.
→ Trump family-backed BTC miner American Bitcoin acquires 1,414 Bitcoin. They now hold 3,865 Bitcoin.
→ US Congressman Ro Khanna to introduce bill that bans the President and elected officials from owning or creating cryptocurrencies.
→ Amazon to fire 30,000 employees starting tomorrow.
→ S&P 500 closes above 6,800 for the first time in history.
→ President Trump says he may announce a new Federal Reserve Chair by the end of the year to replace Jerome Powell.
→ Coinbase CEO Brian Armstrong says crypto and stablecoins are the tools that will update the global financial system. It's not a debate anymore.
→ Gold falls under $4,000.
→ China Foreign Minister says President Xi Jinping and President Trump respect each other.
→ Chance Metamask launches a token in 2025 rises to 44% on Polymarket.
→ IBM is unveiling Digital Asset Haven, a new platform enabling its clients particularly banks to offer custody and payment services for crypto-assets by the end of the year.
→ The Fed is cutting rates into 4% average inflation since 2020.
→ Average US family health insurance premium at $27k.
📊 Altcoin Market Updates 📊
→ BlackRock clients buy $71.83 million worth of ETH.
→ NYSE Arca certifies the listing and registration of Bitwise SOL Staking ETF.
→ Citigroup partners with Coinbase to explore stablecoin-based cross-border payments for corporate clients.
→ ChinaAMC SOL ETF trading now live in Hong Kong.
→ Publicly traded Bitmine Immersion bought 77,055 ETH worth $319.9 million last week.
→ BNB token launchpad Fourmeme has been suspended on X.
→ Hype wicked to $98 on Lighter.
→ Bloomberg senior ETF analyst says it looks like Bitwise Solana, Canary Litecoin and Canary HBAR to launch today and Grayscale Solana to convert the day after.
→ SOFI fee-based revenue is rising fast.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
P.S.: Today the PI Summit starts and I had the pleasure to already meet a bunch of PIs yesterday. I have a reversal at 10a.m. for my presentation and look forward to eToro's VP of Product outlook on how AI is reshaping trading and investing!
@TimothyAssi
$BTC $ETH $GOLD $SOL $SPX500
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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