Th 8/10 | Daily Crypto & Macro News

Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap: 🚨 Major Headlines & Market Moves 🚨 Bitcoin fell 3.4% over the past 24 hours, with about $550 million liquidated across 123,782 crypto traders. BlackRock ETF clients sold $207.67 million of Bitcoin. U.S. spot Bitcoin ETFs had still seen $118.8 million in inflows the prior session, wiping out Monday's outflows. Bitcoin available on exchanges fell to its lowest level in 7 months. Robinhood added $25 million of Bitcoin to its corporate balance sheet. Charles Schwab, which oversees $13 trillion, said 64% of millennials plan to buy Bitcoin and crypto. Russia's largest bank, Sberbank, was approved as a crypto custodian to launch Bitcoin, Ethereum and USDT products. Wells Fargo is in talks with Kraken's parent company to provide crypto trading liquidity. The CFTC said it will deliver clear crypto rules with or without legislation from Congress. The U.S. Treasury is set to buy back up to $6 billion in longer-term debt. Fed minutes showed most officials still expect one more rate hike this year, but with little appetite for a rapid series of hikes. The 10-year yield sat near 5.33% and Brent was above $102, with futures lower after record highs. India hiked rates for the first time since 2023, a 25 basis point increase to 5.50%. China bought 740,000 ounces of gold worth $3.1 billion, its 23rd straight month of accumulation. It now holds about $323.5 billion in gold reserves. President Trump said more oil has passed through the Strait of Hormuz in the last 3 nights than ever before, and called the U.S. economy the greatest it has ever had. President Trump is set to award the National Medal of Science to Lisa Su of AMD, Elon Musk, Sergey Brin of Google and Jensen Huang of Nvidia. SpaceX is reportedly seeking about $40 billion in financing to fund large Nvidia chip purchases, including roughly $10 billion in bank loans and $30 billion in investment-grade debt. Applied Digital posted revenue of $341.9 million versus about $135 million expected, with roughly $36 billion in contracted revenue. FICO is cutting about 15% of its workforce as it pushes deeper into AI, and the stock fell about 4%. Webull crashed 20% after a U.S. House panel flagged its China ties as a national security risk. 📊 Altcoin Market Updates 📊 BlackRock ETF clients sold $201.89 million of Ethereum. Samsung is partnering with Solana to enable stablecoin transactions for 82 million devices in the U.S. through Samsung Wallet. Solana passed $1 billion in all-time stablecoin card volume. Bitwise ETF clients bought $10.55 million of XRP. The Wall Street Journal reported that Ripple is emerging as a major competitor to Wall Street banks. GSR committed $100 million to launch Hare, an onchain credit desk, with turtle.xyz. The vaults are backed by names including Aave, Paxos and Chainlink. Sui said it hit a 40 million transactions-per-second record in a live Basecamp attempt, and is working with Alibaba Cloud so AI agents can pay for cloud services in stablecoins. Near Protocol's website integrated Robinhood's chain. Hyperliquid's strategy company chief said Solana does many things well, like a Swiss army knife, while Hyperliquid is built specifically for trading financial assets onchain. If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow! $BTC $SPY $QQQ $OIL $SMH Looking 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* *📧 timothy@panicdrop.com* 🟩 *Panic Drop Podcast : on your favorite streaming app* www.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