Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin briefly pumps above $64,000.
- The U.S. Justice Department is working closely with the Treasury and Commerce departments to establish a strategic Bitcoin reserve.
- The White House says the Trump administration continues to evaluate the best structure for a Strategic Bitcoin Reserve while working to structure its Strategic Bitcoin Reserve and crypto stockpile.
- SpaceX joins the Nasdaq-100 tomorrow as the index’s third Bitcoin holder alongside Tesla and Strategy, with Elon Musk-linked companies now holding a total of 30,221 BTC.
- President Trump says he has become a big crypto guy and is a fan of Bitcoin, noting that a lot of people are using it and he doesn’t think anybody realizes how powerful it is. He also says the U.S. is taking over crypto as it’s a huge industry.
- Eric Trump’s American Bitcoin increases their Bitcoin holdings by 500 BTC to over 8,000 BTC.
- Public company Strive purchases 17.76 Bitcoin for over $1 million.
- Kalshi surpasses $1.2 billion in weekly crypto volume for the first time ever.
- The Dow crossed above 53,000 today for the first time, its 5th 1,000-point milestone of the year.
- Jim Cramer says “buy” on Nvidia stock.
- Michael Burry says the end is near for AI stocks.
- There is a 77% chance the Federal Reserve does not cut interest rates this year.
- The Crypto Clarity Act has until August 7th to pass before the Senate leaves for summer recess.
- Hedge funds turn most negative on Japan’s yen since 2007.
- China overtakes the U.S. to become the world’s top fintech patent filer.
- A draft U.S. Treasury report warns the AI boom could resemble the dot-com bubble.
- Strategy decreases its Bitcoin holdings to 843,775 BTC.
- Florida home prices have declined from their highs across multiple cities, with drops ranging from 3% in Miami to 22% in Cape Coral.
In a notable sports and political development, Belgium defeats the United States in their 2026 FIFA World Cup Round of 16 match after President Trump called FIFA President Gianni Infantino to review — and ultimately lift — the red card suspension on star U.S. forward Folarin Balogun, clearing him to play. The victory felt very sweet.
📊 Altcoin Market Updates 📊
- Tom Lee’s BitMine buys 42,197 ETH worth $73 million.
- Solana weekly non-vote transaction count surpasses 1 billion for the first time in history.
- Hyperliquid total open positions hit new ATH.
- BONKDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BONKDAO treasury.
- 8 days until the $4M MetaWin USDT Airdrop for eligible users with prior wagering activity.
- $ANSEMIUS gains traction after the official Ansem X account starts following them.
If you enjoyed this daily roundup, make sure to follow me – I’ll see you tomorrow.
$BTC $ETH $SPY $QQQ $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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