Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- BlackRock clients bought 3,035 $BTC worth $196.83 million.
- Senator Lummis says she still believes the Senate will vote on the Clarity Act before recess, noting it is time to get people on the record.
- Multiple senators including McCormick, Rick Scott, and John Kennedy urged a vote, with Lummis stating she has been working late with Democrats and expects the process to extend into the weekend.
- CFTC Chair Selig said the agency is ready to move forward with regulations even if the Clarity Act does not pass.
- China’s gold-backed ETFs logged 14 consecutive daily inflows totaling $1.2 billion, the longest streak since March, as Chinese investors rotated back into gold. Gold surged 4.50% to $4,255, adding $1.3 trillion to its market cap.
- Russian President Putin signed a law providing comprehensive regulation for digital assets, covering organization, accounting, and custody of digital currencies and foreign digital instruments.
- X Head of Product Nikita Bier stepped down from the role and will remain at the company as an advisor.
- Fed Governor Lisa Cook said she is ready to raise interest rates if inflation remains high. Fed’s Neel Kashkari called for an immediate rate hike and said now is the time to start slowly raising rates.
- The S&P 500 erased all gains on the day and turned negative after earlier crossing above 7,700 for the first time and closing at an all-time high.
- Over $100 billion worth of SpaceX $SPCX shares unlock and become available to trade.
- President Trump said “we may have to” send oil prices higher.
- Iranian officials reported that Iran-Oman negotiations on the Strait of Hormuz are progressing positively.
- Odds of a U.S. recession this year plummeted to nearly 0% according to Kalshi traders.
- Google’s chief scientist Jeff Dean is leaving to start his own AI company.
- Coldcard-linked $BTC thefts surpassed $130 million after a March 2021 firmware bug made seed phrases predictable.
- MercadoLibre reported Q2 revenue of $10.2 billion (+50% year-over-year), with GMV +44%, TPV +56%, and EPS of $9.19. Disney posted Q3 revenue of $25.2 billion (+7% year-over-year) and non-GAAP EPS of $2.06.
📊 Altcoin Market Updates 📊
- Circle announced its founding validator cohort for Arc, including BlackRock, DTCC, Galaxy, Mastercard, Visa, ICE, Standard Chartered and others, ahead of the September 16 mainnet launch.
- Mysten Labs co-founder and CTO announced he is leaving the company (original contributor behind Sui Network) to join Anthropic for defensive security research.
- Uniswap launched the Robinhood Crypto chain token launchpad TradePools.
- Fomo daily revenue hit a new all-time high, while Flap flipped Hyperliquid in 24-hour revenue.
- $MEGUSTA gained major traction after the team onboarded an OG creator of a popular meme. $BRICK on Solana drew gaming attention after follows from the FarmVille creator and Solana Gaming.
If you enjoyed this daily roundup, make sure to follow me, I’ll see you tomorrow!
$BTC $ETH $SPY $NSDQ100 $OIL
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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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