Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Coinbase CEO Brian Armstrong says Bitcoin could reach $1,000,000 by 2030.
→ Brazilian public company OranjeBTC bought 3,650 Bitcoin for $385 million.
→ Sam Bankman-Fried posts 'gm' from prison.
→ Nvidia Director Mark A Stevens sells 350,000 NVDA shares worth $61,737,305.
→ Micron Q4 FY25 revenue up 46% year-over-year to $11.3 billion, with non-GAAP EPS at $3.03.
→ AutoZone Q4 FY25 adjusted EPS at $48.71, revenue at $6.24 billion.
→ Bank of Canada’s Tiff Macklem warns Trump’s pressure on Fed threatens U.S. monetary policy independence and dollar’s safe-haven role.
→ Federal Reserve Chair Jerome Powell says the Fed is "well positioned" following rate cuts last week.
→ Fed Chair Jerome Powell says "uncertainty over inflation's path remains high."
→ The Bitcoin Fear and Greed Index is now back at "Fear".
→ President Trump says "stock market is doing better than it's ever done."
→ China's Huawei announces three-year plan to overtake Nvidia in AI chips.
→ $1.3 trillion Morgan Stanley to let E*Trade clients trade Bitcoin in the first half of next year.
→ SEC to allow crypto companies to launch products in the US without "burdensome" regulatory requirements.
→ White House official says they expect the crypto market structure bill to pass this year.
→ Sweden cut rates for the 8th time in the cycle, 25 bps move down to 1.75%.
→ Gold price hits new all-time high of $3,800 per ounce.
→ China makes strategic move for global gold, aims to control foreign reserves and challenge U.S. dollar dominance.
→ US lawmakers ask SEC to implement President Trump's executive order opening the $12.5 trillion 401k retirement market to crypto.
→ Deutsche Bank says central banks may buy and hold Bitcoin on their balance sheets by 2030.
→ Fidelity sells $276.68 million worth of BTC.
→ Visa, Stripe, and Fold partner to launch Bitcoin credit card.
📊 Altcoin Market Updates 📊
→ Aster's 24h perp volume surpasses Hyperliquid's by more than double.
→ Tether in talks to raise up to $20 billion.
→ Tether seeks $20 billion at a $500 billion valuation.
→ FG Nexus acquires a total of 50,000 ETH worth $210.1 million for its treasury.
→ Binance founder CZ calls to reduce fees on BNB Chain "by another 50%."
→ Options now trading on REX-Osprey XRP and DOGE ETFs.
→ $ROY artist DiemArchive announces social collab with U.S. skate apparel retailer Zumiez.
→ BlackRock’s BUIDL and VanEck’s VBILL tokenized fund holders can now redeem shares for RLUSD through Securitize.
→ CFTC to allow stablecoins as collateral in US derivatives markets for the first time.
→ Bybit launches MNT Pass, giving traders fast-track VIP status and up to 25% fee discount.
→ Europe’s 6th largest exchange, Boerse Stuttgart, expands crypto trading services to Spain.
→ Fidelity sells 7,454.42 ETH worth $31.2 million.
→ XRP Ledger roadmap includes Multi-Purpose Token for native asset support, lending protocol, and zero-knowledge privacy.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
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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