Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- The Trump family's World Liberty Financial partnered with a crypto project linked to alleged scam ring operators sanctioned by the US, per WSJ.
- Oracle stock dropped 3.2 percent in premarket trading after OpenAI missed revenue and user targets. This sparked concerns over data center spending sustainability.
- Robinhood shares fell 7 percent after hours following earnings.
- Spotify reported quarterly results with monthly active users rising 12 percent to 761 million and revenue up 8 percent.
- US home prices increased 0.7 percent over the last year, the slowest growth since June 2023, amid a record number of sellers exceeding buyers.
- The Philippine peso hit an all-time low of 61.047 per US dollar.
- The US Treasury is targeting Iran's access to crypto under its maximum pressure campaign.
- Citadel received regulatory approval to operate in Dubai.
- Michael Saylor highlighted MicroStrategy's Bitcoin accumulation using its STRC preferred stock.
- The CFTC sued the state of Wisconsin for encroaching on its authority over crypto prediction markets.
Major tech giants reporting after market close: Alphabet (GOOGL/GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META).
📊 Altcoin Market Updates 📊
- The original Pepe whale from 2023 bought 100,000 dollars worth of Bull tokens and locked them until a 100 million dollar market cap.
- Pump.fun claimed to have burned all repurchased Pump tokens worth around 370 million dollars, or 36 percent of circulating supply.
- Monad was suspended on X, prompting the Solana community to demand free Monad.
- Ten crypto protocols were exploited in the past seven days.
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 $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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