Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin slipped below $80,000 again.
US spot Bitcoin ETFs recorded about $987 million in net inflows last week, the third straight week of inflows. Spot Ether ETFs added roughly $218 million.
Markets now price a 60% chance of a 25 bp hike at the September 16 meeting, 71% by October, and 86% by year-end.
UBS also shifted its outlook and now expects hikes in both September and December.
Gasoline hit a record $4.15 per gallon on Labor Day. US consumers have spent an estimated $100 billion extra on fuel since late February amid the Iran war, with WTI crude up 36% and gasoline up 39% over that period.
The average 30-year US mortgage rate sits at 6.71%, the highest since July 2025.
China posted a $119 billion trade surplus in August. Canada’s retaliatory tariffs on select US imports officially took effect. The Japanese yen rose to its highest level since May. The Panama Canal warned it may cut daily ship crossings again.
Strive’s CEO hinted the public company could buy more Bitcoin, calling it “wall-breaking season.” Kalshi traders are forecasting a high of $85,000 for Bitcoin this month.
About 4,000 Bitcoin worth $320 million were withdrawn after a Liquid Network hack. The attacker has been communicating with maintainers via on-chain transactions and said the coins would be returned once the vulnerability is fixed.
Upcoming earnings this week include Oracle, Adobe, Chewy, American Eagle, Kroger and AeroVironment.
OpenAI’s top scientist warned that AI is advancing so quickly it is becoming increasingly difficult for humans to understand and control.
đź“Š Altcoin Market Updates đź“Š
Ethereum plans to let users pay transaction fees with stablecoins instead of Eth starting in 2027.
Xrp futures activity surged to a six-month high amid recent price volatility.
Ghost jumped 86% in 24 hours on speculation of a possible Solana integration for its privacy tech.
Hunter Biden is preparing to launch a memecoin tied to his laptop, according to reports. Channel 5 News publicly distanced itself from the project.
Hanwha Investment & Securities, part of the $200 billion Korean conglomerate, is building a tokenization platform on Avalanche as South Korea accelerates plans to put securities onchain.
Onchain terminals saw $6.35 billion in volume, described as the biggest week in the trenches since the Trump coin launch.
Robinhood Chain spot volume has tripled since early August, with weekly Dex volume reaching $10.5 billion and $30 million in revenue last week.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BTC $SPY $QQQ $OIL
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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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