Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:

🚨 Major Headlines & Market Moves 🚨

→ The Fed cut rates another 25 bps, moving down to a new range of 3.50-3.75% and they announced $40 billion per month of Treasury bill buying starting this Friday, QE is back.

→ 82% chance of Fed maintaining rate in January.

→ Fed Chair Jerome Powell says baseline is solid for growth next year.

→ White House Economic Advisor Hassett says stronger data could support 50 bps cut.

→ Bitcoin slipped in Asia trading hours while other risk assets gained after the US Federal Reserve cut interest rates and expressed optimism about the economy.

→ Odds of Bitcoin hitting $100k by year-end drop below 30% on Polymarket amid Bitcoin selloff following U.S. Fed rate decision.

→ Fidelity reports 654,000 401(k) millionaires in Q3, the highest ever recorded since the early 2000s.

→ China’s DeepSeek is using smuggled Nvidia Blackwell chips to train its next-generation AI model.

→ $1.59 billion in leveraged short positions to be liquidated if Bitcoin price hits $95,076.

→ Bitcoin spot ETFs record $150.77 million in net inflows.

→ $4.46 trillion Nvidia CEO says Bitcoin is taking excess energy, storing it into a new form called currency, and you take that currency wherever you like.

→ Elon Musk's SpaceX recently moved some of its Bitcoin.

→ CFTC Chair confirms you will be able to use Bitcoin as collateral in derivatives markets.

→ $74.8 billion Coinbase’s John D’Agostino says more Eurozone countries will follow the Czech Republic and buy Bitcoin.

→ Eric Trump and Donald Trump Jr. backed American Bitcoin acquires an additional 416 Bitcoin, now hold 4,784 Bitcoin.

→ Vivek Ramaswamy's Strive to raise $500 million to buy more Bitcoin.

→ Bitwise CEO says banks, with assets in trillions, have recently approved their Bitcoin and crypto ETPs for their clients.

→ President Trump says the stock market should continue to go up.

→ Jerome Powell says the Fed thinks job gains are overstated by 60,000 in recent months.

→ Goldman Sachs predicts Gold will reach $4,900 by end of 2026.

→ Amazon $AMZN to invest $35 billion in India and create one million jobs.

→ The US collected a record $246 billion in customs duties over the last 12 months, which was 3x higher than what was collected in the 12 months prior.

→ The interest expense on US national debt rose to a record $1.25 trillion in the last 12 months, more than doubling over the past 4 years, the US Government now spends more money on interest than it does on national defense.

→ In the first 2 months of the 2026 fiscal year the Federal Government took in $740 billion and spent $1.2 trillion.

→ S&P 500 profit margins rose to 13.6% in the 3rd quarter, their highest level in history.

→ With 96% of companies reported, S&P 500 operating earnings are up 22% YoY, the 11th straight positive quarter and highest growth rate since Q4 2021.

→ 5 out of the 7 stocks in the Magnificent Seven are actually underperforming the S&P 500 this year, a very different picture than 2023/2024, only Google and Nvidia are outperforming.

→ $ADBE Adobe Q4 FY25: RPO +13% to $22.5 billion, ARR +12% to $25.2 billion, revenue +10% to $6.2 billion, non-GAAP EPS $5.50, FY26 revenue ~$26 billion.

→ $ORCL Oracle Q2 FY26: RPO +438% Y/Y & +15% Q/Q to $523 billion, cloud revenue +34% Y/Y to $8.0 billion, revenue +14% Y/Y to $16.1 billion, non-GAAP EPS $2.26.

📊 Altcoin Market Updates 📊

→ ToysForTots, the Marine Corps Reserve-run charity for children in need, receives $3,000 in donations plus 100% of future PumpFun creator fees from the $SFT community.

→ ETF clients buy $8.73 million worth of $XRP, bringing total ETF-held net assets to $945.49 million.

→ Solana co-founder says Solana has no single point of failure.

→ Solana co-founder says the market simply has not awakened to the fact that the fastest companies in history to reach $100 million are mostly in crypto, and most of those are on Solana.

→ Solana-based Jupiter hires KKR's head of digital asset strategy as its president.

→ U.S. CFTC Chair explains limited pilot program for Bitcoin, Ethereum, and $USDC collateralization.

→ CZ warns someone hacked @heyibinance's WeChat account, do not buy meme coins from the hackers posts.

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 $XRP $SOL $SPX500

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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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