Happy Thursday all!
Before we start, something special.
I’m running the AI Edge Sale for the next few days.
This article is about where I think the next phase of AI investing is going, and I want more of you inside Panic Drop for what comes next.
Until August 23, you can get 30% off your first year as a paid subscriber.
You’ll get my full portfolio, buy levels, trades and every update I make along the way.
Get 30% off Panic Drop for one year
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin briefly surged to $70,000.
The US Treasury announced it is at least doubling the size of liquidity support buyback operations for longer-dated nominal bonds in the 10-year to 20-year and 20-year to 30-year sectors, raising the maximum from $2 billion to at least $4 billion per operation.
$190 billion was added to the crypto market cap in the past 24 hours.
$1.22 billion in short positions were liquidated from the crypto market in the past 60 minutes, with over 173,000 crypto traders liquidated across the past 24 hours.
President Trump said the US is considering buying sizable amounts of Bitcoin and other cryptocurrencies, while calling on Congress to pass the Crypto Clarity Act. Senator Cynthia Lummis confirmed the Senate will vote on the act on September 15 at 2 pm ET.
Trump also stated the US is ensuring it remains the undisputed leader in Bitcoin and crypto.
The US national debt officially surpassed $40 trillion.
President Trump announced the most crushing economic operation ever taken against any country on Iran and warned that any country helping Iran avoid sanctions will face tremendous economic consequences.
Gold surpassed $4,500.
The Federal Reserve said US stock valuations are near dot-com bubble levels, with officials adding that further interest rate hikes will likely be needed if inflation does not fall.
SK Hynix announced a $28.6 billion share buyback, with the stock up 6% pre-market.
Moderna surged 130% after its cancer vaccine showed signs of preventing melanoma from spreading.
Bitwise CIO said Bitcoin looks like it is near a bottom with coiled volatility that may come up on the upside, expressing optimism for the rest of the year.
Fidelity Digital Assets noted that BTC volatility is now lower than roughly 98.5% of all days in its history, describing it like a coiled spring.
BlackRock clients bought $143.57 million worth of Bitcoin, while Fidelity clients bought $23.92 million worth of Bitcoin.
President Trump said the US and Canada have agreed to a new trade deal.
Executives from Ripple, Coinbase, Kraken and Chainlink attended the White House crypto summit.
📊 Altcoin Market Updates 📊
Ethereum surged 10% to $2,100, trading above $2,000 for the first time since June 2.
BlackRock clients bought $64.68 million worth of Ethereum.
XRP price rallied over 10% in the past 24 hours.
Solana reclaimed $80.
Hyperliquid $HYPE pumped 15% to $69 after President Trump said the CFTC is working to bring it to the US.
The US federal banking regulator OCC said it will establish a regulatory framework for crypto stablecoin issuers.
Okx captured 37% of Solana daily DEX aggregator volume as Jupiter’s share dropped to 48%.
Solana Identity is shutting down at the end of September, with user data set to be deleted by year-end and its treasury $SOLID supply burned.
If you enjoyed this daily roundup, make sure to follow me, I’ll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
PS… Want the complete shortcut ding altcoins with precision (without wasting months on trial-arror)?
Clere to grab the Altcoin Profit Toolkit — 8 structur + 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.
Skip the work - Copy my portfolio
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
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.