If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Over $116 billion added to the crypto market cap in the past 24 hours.
→ Kazakhstan approves first spot Bitcoin ETF in Central Asia, trading starts tomorrow.
→ The number of addresses holding more than 100 Bitcoin hits new all-time high.
→ Bitcoin passes Amazon in market cap.
→ Norway’s pension fund increases its Bitcoin-related exposure.
→ Belarus President inquires about using crypto to facilitate payments.
→ Only 0.27% of the population can hold 1 full Bitcoin.
→ US inflation at 2.7%, below expected 2.8%.
→ US Treasury Secretary suggests Fed consider 50bps rate cut in September.
→ US Treasury Secretary says India not cooperative in trade talks.
→ President Trump considering major lawsuit against Fed Chair Jerome Powell.
→ US National Debt hits $37 trillion.
→ S&P 500 closes at another all-time high.
→ US collects record $28 billion in customs duties in July.
→ Shelter CPI down to 3.7%.
→ Core CPI up to 3.1%.
→ US auto insurance rates up 94% over last decade.
→ Australia cuts rates to 3.60%.
→ China orders tech giants to suspend NVIDIA chip purchases over security concerns.
→ Perplexity bids $34.5 billion for Chrome browser.
→ Sea Limited reports Q2 revenue up 38% to $5.3B.
→ Bitfarms Q2 revenue $77.8M, mined 718 BTC.
→ Bitcoin Depot Q2 revenue $172.11M.
→ eToro Q2 revenue $2.09B, AUA $17.5B.
→ Paysafe Q2 adj EPS $0.46, revenue $428M.
→ Cardinal Health Q4 adj EPS $2.08, revenue $60.2B.
📊 Altcoin Market Updates 📊
→ Ethereum reaches $4,600.
→ $135 million worth of ETH shorts liquidated in the past 60 minutes.
→ XRP surpasses $194 billion market cap.
→ Do Kwon pleads guilty to fraud over $40B LUNA collapse.
→ Publicly traded BTCS Inc adds 3 Pudgy Penguins NFTs to treasury.
→ Publicly traded SharpLink Gaming buys 5,226 ETH worth $23.1 million.
→ Publicly traded ETHZilla buys 82,186 ETH worth $351 million.
→ Publicly traded Bitmine Immersion to raise up to $20 billion to buy more ETH.
→ Paradigm’s Matt Huang to lead Stripe's blockchain Tempo as CEO.
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.
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