Good morning all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Publicly traded Rectitude Holdings set to raise $32.6 million to launch Bitcoin treasury.
→ US House Committee on Financial Services calls for Senate to pass Bitcoin and crypto market structure bill.
→ JPMorgan warns the Fed’s expected September 17 rate cut could spark a “Sell the News” drop in U.S. stocks.
→ Kazakhstan President orders creation of strategic Bitcoin reserve.
→ Nasdaq files to allow tokenization and blockchain listing of stocks.
→ Publicly traded Metaplanet buys another 136 Bitcoin worth $15.1 million.
→ Publicly traded Capital B announces capital increase of €5,000,000 to buy more Bitcoin.
→ Congress introduces bill directing the Treasury to outline a plan to custody Bitcoin acquired by the Federal government, including BTC held in the Strategic Bitcoin Reserve.
→ Another solo miner mined a Bitcoin block worth $347,980.
→ Fundstrat's Tom Lee on CNBC: “Bitcoin can easily get to $200,000 before the year's end.”
→ Strategy buys another 1,955 Bitcoin for $217 million.
→ South African Altvest announces plans to buy $210,000,000 worth of Bitcoin.
→ Bitcoin mining difficulty hit a new all-time high.
→ SEC to host public crypto roundtable on October 17.
→ Eric Trump says the "modern financial system is changing and crypto is rewriting the rules."
→ Ledger CTO warns of "large-scale" crypto hack in the JavaScript ecosystem and advises against making on-chain transactions for now.
→ Supreme Court rules President Trump can fire FTC Commissioner.
→ Gold reaches new all-time high of $3,650.
→ Total number of jobs in the US has increased by less than 1% over the past year, the slowest growth rate since March 2021.
→ US National Debt has increased by $1.2 trillion since the Debt Ceiling was raised just two months ago.
📊 Altcoin Market Updates 📊
→ Publicly traded CleanCore Solutions buys 285,420,000 Dogecoin worth $69 million.
→ Publicly traded Bitmine Immersion buys another 8,001 Ethereum worth $34 million.
→ XRP reclaims $178,000,000,000 market cap.
→ HSBC and ICBC, the world’s largest bank by assets, plan to apply for stablecoin licenses in Hong Kong.
→ Publicly traded Forward Industries Inc. announces $1.65 billion private placement in cash and stablecoins for Solana treasury strategy.
→ Solana DeFi TVL hits new all-time high.
→ SwissBorg experienced an incident and 192.6K Solana ($41.5M) was stolen on Solana.
→ Hyperliquid hits new all-time high.
→ Bitmine now holds over 2 million Ethereum.
→ Kyle Samani open to debate Fundstrat on Solana vs Ethereum.
→ Bybit to resume full access for Indian users.
→ Grayscale files S-1 for Chainlink ETF.
→ Backpack Exchange live as one of the first exchanges to offer regulated perpetual futures in Europe.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SOL $XRP $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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