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Sa 6/12 | Daily Crypto & Macro News
Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Fed's preferred measure of inflation Core PCE came in at 2.8% for September.
→ Bitcoin falls under $90,000.
→ Odds of Bitcoin crossing $100,000 again this year fall to 35%, per traders on Kalshi.
→ $412,000,000 worth of crypto long positions liquidated in the past 24 hours.
→ BlackRock clients sell $114.73 million worth of Bitcoin.
→ Over $4,000,000,000 in short positions set to be liquidated when Bitcoin price reaches $95,000.
→ SEC's crypto task force to hold roundtable on financial surveillance and privacy on December 15th.
→ Publicly traded Exodus CEO predicts Bitcoin to hit $200,000 in 2026.
→ JPMorgan says it is sticking to its Bitcoin vs gold model target, which would see Bitcoin hit $170,000 over the next year.
→ SpaceX in talks for share sale at $800,000,000,000 valuation.
→ Bank of America says markets may start betting more aggressively on a January rate cut, despite the Fed’s cautious messaging.
→ White House adviser Kevin Hassett says it’s time for Fed to cautiously reduce rates and there’ll be a bigger rebound in first quarter.
→ Traders on Kalshi now place a 93% chance on a 21–40 bp rate hike by the Bank of Japan at its next meeting.
→ Matrixport withdraws 5,805 Bitcoin, worth $468.17 million, from Binance over the past 24 hours.
→ Strategy CEO Phong Le said they raised $1.44 billion to prove they can still secure funding in a Bitcoin downturn.
→ Texas Lieutenant Governor Dan Patrick says Texas is the first state in history to purchase Bitcoin.
→ Indiana House introduces bill that would allow pensions to invest in Bitcoin.
→ Metaplanet raised $50 million using Bitcoin as collateral to buy more Bitcoin.
→ Fidelity CEO Abigail Johnson says she likes Bitcoin and owns Bitcoin.
→ President Trump to unveil new AI platform Truth AI.
→ EU fines Elon Musk's X $140,000,000 for allegedly misleading users with verified badges and not giving them access to its data.
→ Zcash co-founder says Saylor thinks Bitcoin shouldn't have privacy like Zcash, because that'll allow nation states to shut it down.
→ Bitcoin was trading in lockstep with the Mag 7 stocks until the last 2 months, now Bitcoin is down 11% over the past year versus a 26% gain for the Mag 7.
→ S&P 500's P/E ratio has moved up to 26, which is 31% higher than the historical average since 1989.
→ S&P 500 has lived in a drawdown 92% of the time.
→ S&P 500 has returned an average of 12% per year since 1980 despite an average intra-year drawdown of -14%.
→ Netflix acquires Warner Bros for $72 billion.
→ Marvell bets $3 billion on Celestial AI.
📊 Altcoin Market Updates 📊
→ BlackRock deposits 1,384.7 Bitcoin ($120.3 million) and 799 Ethereum ($2.5 million) to Coinbase.
→ Shark Tank's Kevin O'Leary says most of these altcoins, what I call poopoo coins, are done; only Bitcoin and Ethereum will survive.
→ Solana's Anatoly Yakovenko demands that Base's Jesse Pollak migrate Base apps to Solana so they execute on Solana and the transactions are linearized by Solana staked block producers.
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
$BTC $SOL $XRP $SPX500 $ETH
PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?
Click here to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.
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.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
🟩 Panic Drop Podcast : on your favorite streaming app
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 AssiHappy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Fed's preferred measure of inflation Core PCE came in at 2.8% for September.
→ Bitcoin falls under $90,000.
→ Odds of Bitcoin crossing $100,000 again this year fall to 35%, per traders on Kalshi.
→ $412,000,000 worth of crypto long positions liquidated in the past 24 hours.
→ BlackRock clients sell $114.73 million worth of Bitcoin.
→ Over $4,000,000,000 in short positions set to be liquidated when Bitcoin price reaches $95,000.
→ SEC's crypto task force to hold roundtable on financial surveillance and privacy on December 15th.
→ Publicly traded Exodus CEO predicts Bitcoin to hit $200,000 in 2026.
→ JPMorgan says it is sticking to its Bitcoin vs gold model target, which would see Bitcoin hit $170,000 over the next year.
→ SpaceX in talks for share sale at $800,000,000,000 valuation.
→ Bank of America says markets may start betting more aggressively on a January rate cut, despite the Fed’s cautious messaging.
→ White House adviser Kevin Hassett says it’s time for Fed to cautiously reduce rates and there’ll be a bigger rebound in first quarter.
→ Traders on Kalshi now place a 93% chance on a 21–40 bp rate hike by the Bank of Japan at its next meeting.
→ Matrixport withdraws 5,805 Bitcoin, worth $468.17 million, from Binance over the past 24 hours.
→ Strategy CEO Phong Le said they raised $1.44 billion to prove they can still secure funding in a Bitcoin downturn.
→ Texas Lieutenant Governor Dan Patrick says Texas is the first state in history to purchase Bitcoin.
→ Indiana House introduces bill that would allow pensions to invest in Bitcoin.
→ Metaplanet raised $50 million using Bitcoin as collateral to buy more Bitcoin.
→ Fidelity CEO Abigail Johnson says she likes Bitcoin and owns Bitcoin.
→ President Trump to unveil new AI platform Truth AI.
→ EU fines Elon Musk's X $140,000,000 for allegedly misleading users with verified badges and not giving them access to its data.
→ Zcash co-founder says Saylor thinks Bitcoin shouldn't have privacy like Zcash, because that'll allow nation states to shut it down.
→ Bitcoin was trading in lockstep with the Mag 7 stocks until the last 2 months, now Bitcoin is down 11% over the past year versus a 26% gain for the Mag 7.
→ S&P 500's P/E ratio has moved up to 26, which is 31% higher than the historical average since 1989.
→ S&P 500 has lived in a drawdown 92% of the time.
→ S&P 500 has returned an average of 12% per year since 1980 despite an average intra-year drawdown of -14%.
→ Netflix acquires Warner Bros for $72 billion.
→ Marvell bets $3 billion on Celestial AI.
📊 Altcoin Market Updates 📊
→ BlackRock deposits 1,384.7 Bitcoin ($120.3 million) and 799 Ethereum ($2.5 million) to Coinbase.
→ Shark Tank's Kevin O'Leary says most of these altcoins, what I call poopoo coins, are done; only Bitcoin and Ethereum will survive.
→ Solana's Anatoly Yakovenko demands that Base's Jesse Pollak migrate Base apps to Solana so they execute on Solana and the transactions are linearized by Solana staked block producers.
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
$BTC $SOL $XRP $SPX500 $ETH
PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?
Click here to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.
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.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
🟩 Panic Drop Podcast : on your favorite streaming app
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