Happy Wednesday all!
Quick heads up before we continue, starting tomorrow the podcast episodes won't land in your inbox anymore, but you can still catch every episode on my newsletter through the website or the Substack app.
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Spot Bitcoin ETFs saw five straight weeks of inflows.
- Bitcoin open interest reached its highest level in over 109 days.
- Michael Saylor's Strategy proposed selling some Bitcoin to pay dividends.
- Senator Bernie Moreno said Bitcoin and crypto market structure legislation will be marked up next week, aiming for the president's desk before end of June and signing before July 4th.
- CME Group will launch Bitcoin volatility futures contracts on June 1st.
- $226 million worth of crypto short positions were liquidated in the past 24 hours.
- Apple $AAPL surpassed silver to become the 4th largest asset in the world by market cap.
- Intel $INTC rose over 12%, adding $55 billion to its market cap.
- $AMD reported strong Q1 results with revenue up 38% year-over-year to $10.3 billion and beat expectations; stock rose sharply after hours.
- The combined revenues of the Big 4 US tech companies ($AMZN, $AAPL, $GOOGL, $MSFT) hit a record $1.94 trillion over the last 12 months.
- Gas prices in the US rose to $4.48 per gallon, the highest since July 2022.
- The SEC proposed allowing public companies to report earnings twice a year instead of quarterly.
📊 Altcoin Market Updates 📊
- SoFi will launch its SoFiUSD stablecoin on Solana.
- Anchorage Digital and J.P. Morgan Asset Management announced a tokenized instrument solution for cashless stablecoin reserves on Solana.
- Multicoin Capital has built a significant position in $ZEC since February.
- The largest holder of Hedz started accumulating $MYSTERY.
- $LIMINAL on Solana rallied with on-chain ties to a Tate-linked wallet.
- Solana Foundation launched Pay.sh in collaboration with Google Cloud, enabling agents to discover, access, and pay for APIs using stablecoins on Solana.
- Kalshi prediction market overtook Polymarket in crypto volume, reaching 60% market share.
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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