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Daily Crypto & Macro News - Sa 2/08/2025
Good morning all, it was a rough Friday. I also changed to tone of the voice a little bit. This should make it sound more natural.
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ $1.11 trillion wiped out from US stock market yesterday.
→ Bitcoin falls under $115,000 and trades currently at $114,100.
→ 193,852 crypto traders liquidated with $884.76 million in losses over the past 24 hours.
→ US economy added 73,000 jobs in July, lower than expectations.
→ President Trump says today's jobs numbers were 'rigged' to make him look bad.
→ President Trump slams Fed Chair Jerome Powell as a disaster and urges substantial rate cuts now.
→ Federal Reserve Governor Adriana Kugler resigns from Fed board.
→ Treasury Secretary Scott Bessent says the US has entered the Golden Age of Crypto.
→ Treasury Secretary Bessent says the US is exploring new possibilities in decentralized computing and digital payments to unlock blockchain potential.
→ SEC to host crypto roundtables across the US.
→ FCA to allow retail customers access to Bitcoin and crypto ETNs.
→ VanEck CEO says Bitcoin is digital gold live on Bloomberg.
→ Metaplanet plans to raise ¥555 billion ($3.68 billion) to buy more Bitcoin.
→ Michael Saylor says Strategy owning 3-7% of Bitcoin supply is not too much.
→ OpenAI raises $8.3 billion at $300 billion valuation.
📊 Altcoin Market Updates 📊
→ Ethereum falls under $3,500.
→ SharpLink Gaming buys another 14,697.35 ETH worth $51.6 million.
→ BlackRock buys 4,778.57 ETH worth $18.2 million.
→ Tether surpasses South Korea to become the 18th largest holder of U.S. Treasuries.
→ BAYC #7940 sold for 666 ETH
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
www.panicdrop.com
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit panicdrop.substack.com/subscribe
View all episodes
By Panic Drop - Timothy AssiGood morning all, it was a rough Friday. I also changed to tone of the voice a little bit. This should make it sound more natural.
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ $1.11 trillion wiped out from US stock market yesterday.
→ Bitcoin falls under $115,000 and trades currently at $114,100.
→ 193,852 crypto traders liquidated with $884.76 million in losses over the past 24 hours.
→ US economy added 73,000 jobs in July, lower than expectations.
→ President Trump says today's jobs numbers were 'rigged' to make him look bad.
→ President Trump slams Fed Chair Jerome Powell as a disaster and urges substantial rate cuts now.
→ Federal Reserve Governor Adriana Kugler resigns from Fed board.
→ Treasury Secretary Scott Bessent says the US has entered the Golden Age of Crypto.
→ Treasury Secretary Bessent says the US is exploring new possibilities in decentralized computing and digital payments to unlock blockchain potential.
→ SEC to host crypto roundtables across the US.
→ FCA to allow retail customers access to Bitcoin and crypto ETNs.
→ VanEck CEO says Bitcoin is digital gold live on Bloomberg.
→ Metaplanet plans to raise ¥555 billion ($3.68 billion) to buy more Bitcoin.
→ Michael Saylor says Strategy owning 3-7% of Bitcoin supply is not too much.
→ OpenAI raises $8.3 billion at $300 billion valuation.
📊 Altcoin Market Updates 📊
→ Ethereum falls under $3,500.
→ SharpLink Gaming buys another 14,697.35 ETH worth $51.6 million.
→ BlackRock buys 4,778.57 ETH worth $18.2 million.
→ Tether surpasses South Korea to become the 18th largest holder of U.S. Treasuries.
→ BAYC #7940 sold for 666 ETH
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
www.panicdrop.com
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit panicdrop.substack.com/subscribe