Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Fidelity clients buy $132.7 million worth of Bitcoin.
→ Bitcoin's hashrate hit a new all-time high.
→ Corporations now own over 1.02 million Bitcoin, after buying the most BTC ever in Q3.
→ The Bitcoin Fear and Greed Index is now back at "Fear".
→ Chance Bitcoin hits $130K in October drops to 12% on Polymarket.
→ New York launches first-ever city office for digital assets.
→ Fed Governor Stephen Miran says two more interest rate cuts this year is realistic.
→ Gold officially reaches new all-time high of $4,242.
→ Gold is on pace for its best year since 1979, now up over 60% in 2025.
→ President Trump says the US is in a trade war with China.
→ President Trump says if we don't have tariffs, we don't have national security.
→ Treasury Secretary Bessent says "we are about to see major gains in investment, productivity, and job growth across America."
→ Polymarket now has a 76% chance of the government shutdown lasting over 30 days.
→ The US Bond Market has been in a drawdown for 62 months, by far the longest in history.
→ ASML Q3 FY25: Net bookings €5.4B, Net sales +1% Y/Y to €7.5B, Gross margin 52%, Operating margin 33%, EPS €5.48, FY25 Net sales +15% Y/Y.
📊 Altcoin Market Updates 📊
→ Fidelity clients buy $154.6 million worth of ETH.
→ ETH briefly falls under $4,000, now trades above it.
→ Ethereum ranks as the #1 ecosystem for new developers in 2025, according to new data.
→ Paxos says “At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD” - following $300 trillion PYUSD mint and burn.
→ CMB International, a subsidiary of China Merchants Bank, launches its $3.8B money market fund on BNB Chain.
→ Coinbase to list BNB.
→ Tron DAO asks Coinbase “Wen Tron?” - after the exchange added BNB to its listing roadmap.
→ Ripple expands global custody footprint into Africa through new collaboration with Absa Bank.
→ Superstate announces it has partnered with Backpack as the first centralized crypto exchange to support native onchain equities - "Eligible users can register with Backpack today to access tokenized equities when live".
→ Binance claims it "does not make money from the listing process" - "All project token allocations go 100% to users through marketing campaigns, including alpha airdrops, launchpool, hodler airdrops, trading events, earn APR campaigns, and more".
→ CZ Binance says "If you are a project complaining about listing airdrops or "fees" (to users), don't pay it".
→ Hyperliquid says “On Hyperliquid, there is no listing fee, no listing department, and no gatekeepers”.
→ Coinbase announces investment into India's leading exchange CoinDCX.
→ Eclipse says "Eclipse Labs cannot comment on the Binance allegations. Not due to an NDA. We were just rejected immediately".
→ Kenya officially signs “Virtual Asset Service Providers Bill” into law.
→ India’s central bank chief says ‘We want to promote CBDC not crypto or stablecoins in India.’
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
@TimothyAssi
$BTC $ETH $SOL $HYPE $XRP
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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