Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ BlackRock clients bought $208.99 million worth of Bitcoin.
→ Bloomberg analysts expect gold profits to flow into Bitcoin.
→ Bitwise launched Bitcoin ETP in UK today.
→ BlackRock's Bitcoin exchange traded product is now trading on the London Stock Exchange.
→ Federal Reserve Governor Christopher Waller says Bitcoin is like electronic gold, a store of value.
→ President Trump's Crypto Czar to meet legislators tomorrow for crypto market structure bill.
→ Elon Musk’s Spacex moved Bitcoin for the first time in 3 months.
→ Bitcoin hit $114,000 and gave those gains back. It then even briefly fell under $108,000.
→ $150,000,000 worth of crypto shorts liquidated in the move to the upside.
→ Gold fell 6.3%, largest single-day drop since April 2013.
→ $1.75 trillion wiped out from gold's market cap today.
→ Bitcoin/gold was up 7%.
→ Binance founder CZ says Bitcoin is better than gold.
→ Federal Reserve exploring payment accounts for crypto and fintech companies to access Fed payment rails.
→ President Trump says higher tariffs on China won't be sustainable for them.
→ President Trump says gas, grocery, and energy prices are way down.
→ President Trump says tariffs can be used to pay US debt.
→ President Trump says meeting with Chinese President Xi Jinping might not happen.
→ Amazon plans to replace 600,000 US workers with robots.
→ Netflix revenues hit record $11.5 billion in Q3, up 17% year over year.
→ A record 10% of US businesses using AI in past 2 weeks.
→ Investing $10k in S&P 500 10 years ago is $41k today, 50 years ago $4.2 million.
→ US home insurance rates up 50% since 2020.
→ 54% of US adults drink alcohol, lowest in 90 years.
→ China has 44 million metric tons of rare earth reserves.
→ Broadcom, Oracle, Nvidia, and AMD market caps boosted $630 billion on OpenAI deals.
→ Government shutdowns have not negatively impacted stock market.
→ Warner Bros. Discovery up for sale.
→ Apple signed 5-year deal for F1 rights worth up to $150 million per year.
→ Self-driving taxi Waymo doing 876,000 rides per month in California.
→ OpenAI to launch new browser ChatGPT Atlas.
→ Chance Bitcoin hits $130k in October drops below 5%.
→ Coinbase acquired Echo for $375 million.
📊 Altcoin Market Updates 📊
→ BlackRock clients bought $41.91 million worth of Eth.
→ SharpLink Gaming bought 19,271 Eth worth $74.9 million last week.
→ Bitmine Immersion bought 63,539 Eth worth $251.6 million.
→ BlackRock clients sold $117.9 million worth of Eth.
→ Tether gold Xaut hits $2.7 billion in tokenized supply on Ethereum.
→ Tether USDT reached 500 million users.
→ Jupiter launched Kalshi-powered prediction market beta on Solana.
→ Odds of Xrp hitting $4 or above this year fallen to 20%.
→ Kadena ceasing all business activity and blockchain maintenance immediately.
→ Base building private transactions.
→ Hyperliquid covered by Bloomberg as crypto powerhouse.
→ Andre Cronje comments on lack of EF support for ETH builders.
→ Over $250,000,000 in crypto long positions liquidated in the past 24 hours.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $GOLD $SILVER $HYPE $SPX500
@TimothyAssi
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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