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

🚨 Major Headlines & Market Moves 🚨

- Brent crude oil prices surged to $141 per barrel, the highest since the 2008 financial crisis, amid disruptions in the Strait of Hormuz.

- Iran stated the Strait of Hormuz will remain closed long-term to the US and Israel, while Russia confirmed it remains open for its shipping and China attributed the issues to illegal US-Israeli operations.

- President Trump is set to unveil a $1.5 trillion defense budget, the largest yearly US military spending increase since World War II.

- Michael Saylor's strategy purchased an estimated 617 Bitcoin yesterday.

- Coinbase received conditional approval from the US regulator for a national trust company charter.

- Tesla delivered 358,000 vehicles in Q1, up 6 percent year-over-year.

- US gas prices rose to $4.08 per gallon, the highest level since August 2022.

- Hyundai will invest $26 billion in the US over the next two years, creating 25,000 new jobs.

- The International Monetary Fund stated that tokenization is reshaping regulated finance.

- The Czech National Bank governor will speak at the Bitcoin 2026 conference about diversifying reserves with Bitcoin.

📊 Altcoin Market Updates 📊

- Industry representatives reviewed a revised stablecoin proposal to advance the Bitcoin and crypto market structure bill, with odds of it being signed into law rising to 67 percent according to Polymarket.

- Circle announced Circle Wrapped Bitcoin, backed one-to-one by Bitcoin and designed to work seamlessly with its infrastructure and the broader DeFi ecosystem.

- SoFi launched big business banking on Solana, with initial participants including Cumberland, Bullish, BitGo, and Mastercard.

- North Korean hackers were likely behind the $286 million exploit of the Drift protocol.

- The Solana Foundation president highlighted that hackers' real targets are now humans through social engineering and operational security weaknesses rather than code exploits.

- Coinbase's AI payments system joined the Linux Foundation, gathering support from Google, Stripe, AWS, and others.

- $Gem surged 680 percent within 24 hours of launch.

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

$SPY $BTC $QQQ $OIL $NATGAS

PS… I now completely automate one wallet and it executes trades while I do literally anything else. Join the waitlist and I will show you how to set up the exact same thing.

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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