Tu 10/11 | Daily Crypto & Macro News

From Panic Drop Podcast · 3:02

Show by Panic Drop - Timothy Assi

Happy Tuesday all!If you missed the past 24 hours in crypto and stocks, here’s your full recap:🚨 Major Headlines & Market Moves 🚨- $BTC is trading around $74,615, down about 0.3% in the past 24 hours.- Bitcoin flash dumped toward $73,000 yesterday, wiping about $80B from the crypto market.- Bitcoin closed the week below its 50 week moving average, ending a run of 7 straight weekly closes above it.- Michael Saylor’s Strategy bought another 1,036 Bitcoin worth about $77M.- Strive added 29 Bitcoin worth $2.2M, bringing its treasury to 43,153 BTC, while BitFuFu added 66 BTC through mining and now holds 1,454 BTC.- Coinbase received full US federal approval to operate as a national trust bank.- BlackRock says demand is surging to convert self custodied Bitcoin into ETF shares, citing security concerns.- Nvidia fell about 6.5% at the open after the Jensen Huang affair news, and the US Congress has now summoned Huang.- Nvidia and Jensen Huang were also sued for allegedly defrauding shareholders by hiding ties to an alleged Chinese spy.- Nvidia is now down 4% this year with a $4.3 trillion market cap after a 25% drawdown since early October, and Apple has reclaimed the top spot as the world’s largest company.- Despite that, $2 trillion was added to the US stock market yesterday.- Anthropic plans to IPO next week on the Nasdaq under the ticker ANT, aiming to raise up to $69.3B at $70 to $80 per share.- Anthropic also launched its most powerful Claude models yet, Fable 5.2 and Mythos 5.2.- The Bank of England warned that inflated AI stock prices could lead to a market crash.- Odds of a US recession next year fell after Democrats won control of the House and Senate, and Senate Democrats are preparing a 10% cap on credit card interest rates.- Earnings: Rocket Lab beat on revenue with $267.8M and grew its backlog 52% in one quarter to $3.57B, The Trade Desk beat estimates and approved a $1B buyback, while Hims & Hers missed and cut its full year guidance.- China’s trade surplus fell to $105.28B in October, below expectations.📊 Altcoin Market Updates 📊- ETH is trading around $2,116, down about 1% in 24 hours.- Kalshi traders see ETH going as low as $1,920 this month.- Charles Schwab added Solana, Avalanche and Chainlink trading for its crypto clients, next to Bitcoin and Ethereum.- The upcoming NYSE affiliated platform for tokenized stocks will settle trades exclusively on Avalanche.- Formation notified the SEC that it plans to run the first tokenized securities venue on Solana, with US listed shares settling onchain 24/7.- PNC Bank partnered with Coinbase for stablecoin payments and started testing USDC payments on Ethereum for corporate clients.- Stripe partnered with MiPlata to launch a Visa prepaid card for spending stablecoin balances.- Telegram’s CEO says over 700K self custodial wallets were created on TON in just 48 hours.- Equities volume on Hyperliquid has overtaken Bitcoin again at 126% on a 7 day average, and Bitso launched perps on 200+ Hyperliquid markets.- North Korean hackers are using memecoins on NEAR to launder funds stolen in the Binance hack, while NEAR AI paused its cloud inference after unauthorized access.- A former Ethereum Foundation staffer is suing the Foundation and Vitalik Buterin, alleging she was fired 13 days after disclosing cancer; the claims are unproven.- SOL is trading around $85.8, down about 1.8% in 24 hours.- XRP is trading around $1.09, down about 1.2% in 24 hours.- BNB is trading around $688, roughly flat in 24 hours.- DOGE is trading around $0.0695, flat in 24 hours.- HYPE is trading around $74, down about 0.7% in 24 hours.If you enjoyed this daily roundup, make sure to follow me, I’ll see you tomorrow!$BTC $SPY $QQQ $OIL $SMHLooking to profit from altcoins? Here’s a FREE 5-day email course!Get instant access here: https://panicdrop.kit.com/5dayaltcoincourseAvoid the mistakes killing 97% of traders.Master the charts & time your entries using Bitcoin’s signals.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📧 [email protected]🟩 Panic Drop Podcast : on your favorite streaming appwww.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

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