Happy Friday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin surged to $81,000. Now trades back below $80,000.
Bitcoin's weekly candle last week was the single largest weekly gain by dollar amount in Bitcoin history, according to Galaxy Research.
Bitcoin and gold ETFs accounted for a record $7 billion over the past 5 days.
The Bitcoin Fear & Greed Index rose to 71, in "Greed" territory.
Singapore public company Genius Group announced plans to buy $827 million in Bitcoin over the next five years.
Public company Alpha Modus completed a 3,170 Bitcoin PIPE financing worth $254 million.
Nvidia added over $400 billion to its market cap in a single day, its second-largest one-day gain ever.
It was the company's 16th straight revenue beat.
Bank of America reiterated Nvidia as a top pick with a Buy rating and $350 price target.
Elon Musk predicted SpaceX will reach $3.5 trillion in revenue by 2033.
The Trump administration is close to a deal for ownership stakes in Venezuelan oil fields that could more than double U.S. oil reserves.
JPMorgan warned a large-scale food supply crisis could hit within the next year.
A federal judge ruled the Trump administration violated Anthropic's First Amendment rights by labeling it a supply-chain risk. Anthropic is reportedly targeting late September or early October for its IPO.
Japanese financial giant Sbi is taking a 20% stake in Indonesian digital broker Ajaib for $270 million as part of its crypto push.
Kalshi traders put an 87% chance on Bitcoin crossing $85,000 again by December 11, while odds of Bitcoin hitting $50,000 before $100,000 fell to 18%.
📊 Altcoin Market Updates 📊
Fidelity Etf clients bought $32.01 million worth of Ethereum.
Charles Schwab will add Solana, Avalanche, and Chainlink trading to Schwab Crypto accounts in the coming months.
The U.K. will formally order the Bank of England to advance stablecoin and digital money innovation.
Hyperliquid $HYPE hit $86 for the first time.
Pudgy Penguins $PENGU is now live and tradable on the Robinhood chain.
Ripple Prime launched Delta One, letting institutional clients trade total return swaps across U.S. equities, indices, and digital assets through a single counterparty.
$Erizo on Solana rose over 150% since launch and hit $1.4 million in trading volume.
The swap-to-earn project Obscura $Obs on Robinhood chain, which pays in Rwas and tokenized stocks, drew attention from Robinhood Ceo Vlad Tenev.
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.
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