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We 17/12 | Daily Crypto & Macro News
Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- US unemployment rate rises to 4.6%, highest since September 2021.
- Tesla stock hits new all-time high of $490.00.
- Odds of Bitcoin hitting $100K by year-end drop below 10% on Polymarket.
- U.S oil price drops below $55 per barrel for the first time since February 2021.
- Odds of Kevin Warsh being formally nominated by President Trump for Fed Chair surge to 48%.
- Treasury Secretary Scott Bessent says ‘So far China has done everything we negotiated.’
- Binance founder CZ says “If you were ever jealous of people buying crypto on the cheap, and able to hold them through the cycles, think about what they did in moments like this.”
- Bitcoin Lightning Network capacity makes a new all time high.
- $15 billion asset manager Bitwise predicts Bitcoin will break the 4 year cycle and set a new all time high in 2026.
- The Bitcoin Fear and Greed Index hit a new low in "Extreme Fear".
- Michael Saylor's Strategy owns 3.2% of all Bitcoin ever to be in existence.
- Coinbase CEO Brian Armstrong says the traditional financial system is "broken."
- Michael Saylor says Quantum computing won't break Bitcoin, "it will harden it."
- White House Advisor Hassett says the US is not falling behind China.
- Treasury Secretary Bessent says individuals may receive $1,000–$2,000 tax refunds in Q1 2026.
- The US added an average of 10k jobs per month over the last 4 months, the fewest since the 2020 recession.
📊 Altcoin Market Updates 📊
- FDIC to unveil plan on how banks may apply to issue stablecoins.
- Visa offers stablecoin settlement for U.S. banks using Circle’s USDC.
- On-chain data shows two Coinbase-funded wallets buying $YEE —one holds $100K with $85K in USDC, the other $48K.
- ETF clients buy $10.89 million worth of $XRP, bringing total ETF-held net assets to $1.12 billion.
- BlackRock clients sell $139.26 million worth of $ETH.
- HyperFND is proposing a validator vote to formally recognize the assistance fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
- Multicoin managing director Kyle Samani says Ethereum has accomplished almost nothing in eight years.
- Exodus joins stablecoin race with Moonpay-backed digital dollar.
- Solana Foundation announces collaboration with Q-Day Clock to advance post-quantum security for the Solana network.
- Vaneck refrains from making crypto predictions for 2026 - "good luck out there!"
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 $ETH $SOL $TSLA $SPX500
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 Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- US unemployment rate rises to 4.6%, highest since September 2021.
- Tesla stock hits new all-time high of $490.00.
- Odds of Bitcoin hitting $100K by year-end drop below 10% on Polymarket.
- U.S oil price drops below $55 per barrel for the first time since February 2021.
- Odds of Kevin Warsh being formally nominated by President Trump for Fed Chair surge to 48%.
- Treasury Secretary Scott Bessent says ‘So far China has done everything we negotiated.’
- Binance founder CZ says “If you were ever jealous of people buying crypto on the cheap, and able to hold them through the cycles, think about what they did in moments like this.”
- Bitcoin Lightning Network capacity makes a new all time high.
- $15 billion asset manager Bitwise predicts Bitcoin will break the 4 year cycle and set a new all time high in 2026.
- The Bitcoin Fear and Greed Index hit a new low in "Extreme Fear".
- Michael Saylor's Strategy owns 3.2% of all Bitcoin ever to be in existence.
- Coinbase CEO Brian Armstrong says the traditional financial system is "broken."
- Michael Saylor says Quantum computing won't break Bitcoin, "it will harden it."
- White House Advisor Hassett says the US is not falling behind China.
- Treasury Secretary Bessent says individuals may receive $1,000–$2,000 tax refunds in Q1 2026.
- The US added an average of 10k jobs per month over the last 4 months, the fewest since the 2020 recession.
📊 Altcoin Market Updates 📊
- FDIC to unveil plan on how banks may apply to issue stablecoins.
- Visa offers stablecoin settlement for U.S. banks using Circle’s USDC.
- On-chain data shows two Coinbase-funded wallets buying $YEE —one holds $100K with $85K in USDC, the other $48K.
- ETF clients buy $10.89 million worth of $XRP, bringing total ETF-held net assets to $1.12 billion.
- BlackRock clients sell $139.26 million worth of $ETH.
- HyperFND is proposing a validator vote to formally recognize the assistance fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
- Multicoin managing director Kyle Samani says Ethereum has accomplished almost nothing in eight years.
- Exodus joins stablecoin race with Moonpay-backed digital dollar.
- Solana Foundation announces collaboration with Q-Day Clock to advance post-quantum security for the Solana network.
- Vaneck refrains from making crypto predictions for 2026 - "good luck out there!"
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 $ETH $SOL $TSLA $SPX500
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