Happy Wednesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin crossed the golden cross formation, a setup that previously preceded the $126,200 all-time high in May 2025.
Strive purchased 1,375 Bitcoin for $109 million.
French company Capital B bought 376 Bitcoin for €25.3 million.
Block applied to the OCC to establish Builders Bank & Trust, which would offer federally regulated custody and fiduciary services for Bitcoin and stablecoins.
The U.S. Senate is set to hold a procedural cloture vote on the Clarity Act next week. Senator Cynthia Lummis warned that failing to pass it would mean no realistic shot before the end of the decade, while Republicans expect the bill to fail.
Crypto super PAC Fairshake launched national TV ads pushing the Clarity Act and calling out big banks, with AARP endorsing key provisions.
China’s holdings of U.S. Treasuries fell to the lowest level since 2008.
China posted a $119 billion trade surplus in August.
Canada’s retaliatory tariffs on select U.S. imports officially took effect.
The Bank of Japan is expected to hike its key interest rate by 0.25 percentage points at its September meeting.
S&P 500 earnings are now projected to surge 34% in 2026, more than double the 15% growth expected at the start of the year, driven by an AI boom without a preceding recession.
Since the start of the Iran conflict, European natural gas is up 143%, WTI crude oil 41%, heating oil 78%, and several other commodities have seen large gains.
Iran is using Bitcoin and USDT to bypass U.S. sanctions, according to the FT. Tehran also demanded new conditions from Washington to resume negotiations.
A former OpenAI and Anthropic researcher resigned, citing fears that the AI race toward self-improving superintelligence could destroy humanity by the end of the decade.
About $188 million in long positions were liquidated across crypto in the past 24 hours.
Kalshi traders are pricing in a possible drop for Bitcoin as low as $74,000 this month. Short-term Bitcoin whale profits also hit a record $9.07 billion, raising sell-off risk.
Robinhood is taking a minority stake in Crypto.com as part of a prediction-markets partnership.
Over the last 10 years, Nvidia is up 14,572%, Bitcoin 12,457%, and the S&P 500 312%.
📊 Altcoin Market Updates 📊
Tether froze approximately $39.27 million USDT across 10 addresses linked to the Xinbi Guarantee escrow platform on Tron.
Tom Lee’s BitMine bought $70 million of Ethereum last week, bringing total holdings to $14.7 billion.
Robinhood Chain generated 17,171 Eth ($42.58 million) in revenue over 70 days.
Xrp was the best-performing top-10 crypto over the past seven days despite the broader pullback.
Visa said crypto stablecoin cards are in “hypergrowth mode.”
Kraken launched Kraken Wrapped Hype, backed 1:1 in Kraken custody, verifiable onchain, and usable across DeFi on Ink.
Hyperliquid listed Useless memecoin perpetuals with up to 3x leverage.
Pump.fun flipped Pons in 24-hour revenue.
Several tokens launched or surged on Robinhood Chain, including Penguin (with 19% of supply burned), a Gme-themed token after Vlad Tenev followed the account, and Ups.
The developer behind the original Pepe on Ethereum joined Artificial Pepe.
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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