Happy Wednesday all!

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

🚨 Major Headlines & Market Moves 🚨

- U.S. strikes on Iran targeted air defence and radar systems around the Strait of Hormuz; Iran's Foreign Minister insisted Hormuz is not international waters.

- President Trump hinted at a Marshall Plan-style Iran reconstruction while saying the U.S. would take half of Iran's oil in return; reports indicate Iran may accept a 15-year uranium enrichment suspension.

- Odds of the next Fed rate hike before 2027 surged to 52% on Kalshi prediction markets.

- Big Tech AI infrastructure spending by Google, Amazon, Microsoft and Meta is projected to hit $670 billion this year — 2.1% of GDP, exceeding the scale of 1850s U.S. railroad investment.

- AI hyperscalers issued $159 billion in new debt in the first five months of 2026, up 47% from all of last year.

- Google sold $85 billion of stock — more than the largest IPO in history — to fund its AI boom.

- Emerging Markets earnings are expected to rise nearly 50% in 2026 after a decade of annual disappointments, with TSMC, Samsung and SK Hynix alone driving over half the growth via AI capex.

- SpaceX plans to begin testing AI data centers in space next year.

- The White House will host law enforcement groups to address Clarity Act concerns, while major crypto firms urged Congress to add legal protections for developers in the bill.

- Over $233 million in crypto longs were liquidated in the past 24 hours.

- Blockstream CEO Adam Back discussed Bitcoin's sovereign and pension adoption curve, advised buying dips, and stated quantum computing poses no current threat to Bitcoin.

- Policy advocates called for de minimis tax exemptions on small Bitcoin transactions to support real-world use.

- Billionaire Tim Draper said Bitcoin is more secure than dollars in bank accounts and dismissed quantum risks.

- Binance founder CZ said Bitcoin "won't be dead for too long" and told investors "Don't panic."

- El Salvador now holds 7,677 BTC worth approximately $480 million, five years after its Bitcoin Law.

- The Trump family has generated $2.3 billion in profits from crypto ventures.

📊 Altcoin Market Updates 📊

- $MATCH launched as the top Solana token ahead of the World Cup, offering a simple interface for outcome predictions and big USDC prize wins.

- Ansem announced he is buying memecoins on Solana and posted a photo of his dog Nico, “The Good Lord Dog.”

- NEAR Protocol went live with Hyperliquid perps, enabling deposits of any asset from 35+ chains into 50+ markets with up to 40x leverage.

- The $SPCX pre-IPO perpetual on Hyperliquid surpassed $100 million in open interest.

- Humanity Protocol reported a security incident with compromised private keys, warned users to avoid its bridge and liquidity pools, and saw its token $H drop ~80%.

- Binance stock trading surpassed $400 million in assets under management just one week after launch.

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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