Happy Friday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- The S&P 500 closed at a new all-time high of 7,799 after pushing above 7,800 for the first time in history.
- VanEck says Bitcoin is showing signs of a bottom and may warrant beginning to scale in.
- The White House will meet with top crypto executives and host a gathering for crypto industry officials next week.
- JPMorgan discloses a $610 million position in BlackRock's Bitcoin ETF.
- Switzerland's largest bank UBS increased its spot Bitcoin ETF holdings by 230% to $90 million.
- The CFTC will host a meeting on Crypto's Regulatory Evolution: From Uncertainty to Clarity on August 20.
- The SEC is set to vote Friday on proposing regulation for crypto assets on token issuance and sale.
- Japan public company Metaplanet plans to issue Bitcoin BitBonds.
- Bitcoin briefly fell back under $63,000.
- US PPI fell to 4.7%, lower than expectations.
- Fed official Hammack calls to immediately raise interest rates.
- The US national debt has increased by over $3.7 trillion in 13 months amid ongoing large monthly deficits.
- The US accuses over 40 countries including Japan, Canada, and Mexico of helping China illegally bypass US tariffs.
- President Trump signs a memo allowing private US companies to conduct government-directed cyber attacks.
- Nubank reported Q2 results with revenue up 50% year over year to $5.5 billion and net income up 67% to $1.1 billion.
- LG will unveil a next-gen humanoid robot built on Nvidia Isaac Groot.
- IBM is embedding OpenAI's GPT-5.6, Codex and ChatGPT Work into IBM Consulting Advantage.
📊 Altcoin Market Updates 📊
- Hardware wallet provider Trezor says one of its shipping providers experienced a data breach that exposed full names, shipping addresses, phone numbers and email addresses of new customers in the US, UK, Sweden, Colombia, Brazil, Italy and Portugal who received orders within the 90 days prior to August 8.
- The Robinhood Crypto chain is doing over twice the 24-hour NFT volume of Ethereum.
- The official Shiba Inu account publicly replied to the $BABYSHIB account.
- Lemon Launchpad drops the first NFT 2.0 with built-in agents, where each NFT has its own wallet and can trade, launch tokens and buy stocks; $PUNK is the first agentic NFT launched.
- A trader placed a 1.42 million $SPCX short order worth $202.3 million on Hyperliquid.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
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Written by Timothy Assi, an Elite Popular Investor on eToro.
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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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