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If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin reaches $75,744.
- Over $1 billion worth of short positions liquidated from the crypto market in the past 24 hours, including $222 million in the past 60 minutes.
- Spot Bitcoin ETF volume surpasses $5.3 billion, led by BlackRock at over $4.4 billion.
- CFTC Chairman Mike Selig says if the Clarity Act continues to stall, the CFTC will use its existing authorities to establish a regime for crypto asset markets. He has directed staff to create formal crypto market structure rules if the bill fails, and the agency is considering rules that could allow crypto exchanges to offer leverage and margin trading.
- Coinbase CEO Brian Armstrong says the Clarity Act will prevent another FTX collapse.
- VanEck’s Matthew Sigel tells CNBC he still believes Bitcoin can reach $100,000 next year and potentially $500,000 by 2029 if the cycle plays out as usual.
- Anthropic is preparing an IPO filing as soon as the end of August and is expected to match or exceed SpaceX’s record.
- Nvidia is preparing a new China-specific AI inference chip for small-batch shipments by year-end, with several customers already placing orders.
- Treasury announces bigger debt buybacks. Bitcoin is up 12%, gold up 4%, and the US dollar down 1% as markets interpret the move as more deficits and an attempt at financial repression.
- US national debt reaches $40 trillion after rising $658 billion since July 1.
- Walmart reports Q2 revenue of $187.9 billion and non-GAAP EPS of $0.81, both beats, with e-commerce up 23% and advertising up 38%. US comps of +2.6% are the slowest since early 2020 and Q3 guidance comes in below expectations.
- Alibaba reports Q1 revenue of $39.6 billion (+9% year-over-year, slight miss) with cloud revenue up 45% to $7.1 billion. Operating margin falls 8 percentage points to 6% and free cash flow shows a $6.6 billion outflow.
- Deere reports Q3 revenue of $12.61 billion and adjusted EPS of $5.10, both beats. The company raises the low end of its full-year net income guidance and notes $110 million in tariff recoveries for the quarter.
- Elon Musk says Tesla’s Optimus robot and Grok will provide incredible medical care to all the people of Earth.
- Waymo is now completing over 1.4 million rides per month in California, a 10x increase over the past two years.
- President Trump states the US has complete control of the Strait of Hormuz with significant oil flows continuing.
- Kalshi releases the largest study on prediction markets to date. The findings indicate that prediction market prices serve as a reliable probability estimate.
- The crypto Fear and Greed Index rises to 69, the highest level of greed since July 2025.
📊 Altcoin Market Updates 📊
- XRP rallies over 22% in the past 7 days and reaches $1.25.
- Solana daily transaction count hits a new all-time high.
- Hyperliquid daily revenue rises above $4 million for the first time since early June.
- Fox on Robinhood Chain ranks among the top 3 most visited assets on CoinMarketCap.
- Tryagain rises 150% on launch and hits $1 million in DEX volume.
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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