Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Iran launched ballistic missiles at Israel.
- U.S. forces eliminated 16 minelayers near the Strait of Hormuz.
- Saudi Arabia, UAE, Kuwait, and Iraq cut oil production by 6,700,000 barrels per day, 33% of total production.
- The world’s biggest LNG export plant in Qatar hasn’t exported a shipment for five days.
- U.S. gas prices rose to $3.54 per gallon, the highest since July 2024, following the Iran War.
- Iranian Foreign Minister stated that U.S. officials are posting fake news to manipulate markets.
- The post from U.S. Energy Secretary Wright claiming the U.S. Navy escorted an oil tanker through the Strait of Hormuz was removed and confirmed not true.
- Oracle reported a $553 billion backlog, with OCI growth accelerating, cloud revenue up 44% to $8.9 billion, total revenue up 22% to $17.2 billion, and FY27 revenue guide raised to $90 billion.
- Bitwise published a report on how Bitcoin gets to $1 million, estimating it needs 17% of the $121 trillion store of value market in 10 years.
- Binance founder CZ is now richer than Bill Gates, per Forbes.
- Netflix censored Bitcoin sponsors on boxer trunks during the Jake Paul vs Anthony Joshua broadcast.
- Bitcoin and oil HIP-3 perp pairs are the only ones with over $1 billion in 24-hour volume on Hyperliquid.
- Webull expanded crypto trading for millions of users with Coinbase's crypto-as-a-service integration.
- Kraken's tokenized stock venue started a points program, hinting at a possible ecosystem token.
- U.S. CFTC Chairman Mike Selig expressed hope that marrying prediction markets with blockchains can act as a check on disinformation, falsity, and debanking.
- Senator Cynthia Lummis met with Fed Chair pick Kevin Warsh to discuss digital assets, vital for the nation's financial future.
- Kalshi CEO Tarek Mansour stated that Kalshi is doing up to 96% of all regulated prediction market business today.
- Elon Musk announced X Money early public access to launch next month.
- Nvidia reportedly plans to launch an open-source AI agent platform called NemoClaw.
- Meta acquired AI agent social network Moltbook.
📊 Altcoin Market Updates 📊
- Stablecoin boom could eat into traditional banks' profits, warn Jefferies analysts.
- BIAO token moved up amid ongoing processing of EUTM trademark application linked to the BIAO meme.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
$BTC $ETH $SPY $OIL $GOLD
PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?
Clere to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.
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.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
