Happy Wednesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin held near $83,000 as higher U.S. yields and oil prices kept pressure on risk assets.
The 30-year Treasury yield rose to its highest level since 2002, while the 10-year sat near 5.25%.
U.S. spot Bitcoin ETFs posted 8 consecutive days of inflows. BlackRock ETF clients bought another $51.09 million of $BTC.
Bitcoin is on pace for its second-strongest September on record.
About 82% of Bitcoin addresses are now in profit, and the Bitcoin RSI bounced off its bottom, a setup that has often marked the start of a stronger move.
Bitwise said pensions, endowments, foundations, and sovereign wealth funds bought Bitcoin during the last bear market, and that none of the institutions interviewed were selling. One sovereign wealth fund was selling gold reserves to fund Bitcoin purchases.
$9.2 billion ETF provider HANetf launched the first euro-hedged Bitcoin exchange-traded commodity.
Tom Lee said crypto has entered a bull market.
Coinbase received CFTC approval to launch its own U.S. crypto derivatives clearinghouse.
Robinhood launched crypto and stock perpetual futures trading for U.S. traders.
Illinois released draft rules to tax crypto transactions regardless of profit or loss, starting in 2027.
The White House blamed Democrats for failing to pass the Crypto Clarity Act.
Cboe and S&P Dow Jones Indices are exploring tokenized options contracts.
The People’s Bank of China injected 833.5 billion yuan ($131.79 billion) through overnight reverse repo operations.
Australia hiked rates 25 bps to 4.60%, its fourth increase this year.
The U.S. offered up to 40 million barrels from the Strategic Petroleum Reserve. President Trump said oil prices will tumble.
Iran said it will discuss the nuclear issue only after the Strait of Hormuz issue is resolved and Washington lifts the blockade. Iran’s rial collapsed to a new all-time low.
Only 40.8% of S&P 500 stocks are above their 200-day moving average, the lowest since May 2025. Market breadth is getting thin.
Semiconductors held up better than the broader market, with $AVGO up about 2.7% and $NVDA also green.
$AMD agreed to acquire World Labs, founded by Fei-Fei Li, in an $8.2 billion all-stock deal focused on robotics and physical AI.
$FICO had its worst day since 1989, falling about 27% after FHFA moved to put VantageScore on more equal footing in mortgage pricing.
$MDB fell 18.5% after CEO CJ Desai resigned immediately to take a senior role at $META.
Nscale is going public with $103 billion in signed future revenue, though only 25,000 of 461,000 GPUs are active today. $NVDA is its supplier, investor, backstop, and customer.
OpenAI is targeting a $30 billion funding round at a $1.4 trillion valuation. It also canceled the planned GPT-6.1 Astra release after the model failed internal safety and alignment checks.
Carnival posted record results, with revenue of $8.44 billion and 2027 occupancy and pricing already at record levels.
CarMax beat estimates with revenue of $7.88 billion and adjusted EPS of $1.16.
Summit Therapeutics surged after AstraZeneca agreed to invest $2 billion and take roughly a 12% stake.
Jim Cramer said a bond short squeeze could occur.
President Trump said a new Super Intelligence Czar will be named soon.
About $193 million in long positions were liquidated across crypto in 24 hours.
📊 Altcoin Market Updates 📊
Avalanche led all chains in 30-day RWA market-cap growth with +$266 million, more than the next two chains combined. It also saw $131.2 million in tokenized stock inflows over seven days, more than all other chains combined, led by Securitize.
Brazil’s CSD BR partnered with Ripple to mirror securities ownership records on the $XRP Ledger, starting with BTG Pactual fund shares.
Binance Pay launched $USDT payments at millions of PayPay-supported locations across Japan.
Bitwise’s spot $NEAR ETF went live on the NYSE.
$ETH flipped $BTC for the highest open interest on Hyperliquid.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
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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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