Happy Tuesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap: 🚨 Major Headlines & Market Moves 🚨 - Japan's 10-year government bond yield hit 3.1%, the highest in about 30 years. - Elon Musk is a trillionaire again after SpaceX stock $SPCX surged past $160 and a $2.23 trillion market cap. - The Nasdaq closed about 0.8% higher at a fresh record, even with the 10-year Treasury yield near 5.30%. Nvidia rose about 1.5%. - Western Digital and Seagate rebounded about 5% to 6% after Friday's selloff, as analysts called Toshiba supply fears overdone. - PTC surged about 34% after Schneider Electric agreed to buy the industrial software company for $22.6 billion, or $205 a share in cash. - Option Care Health jumped about 21% after hours on reports McKesson and CD&R are nearing a takeover worth more than $5 billion. - Qualcomm rose after signing a multi-year licensing deal with Huawei covering 5G, AI, computing and networking. - The SEC approved the first 3x leveraged Bitcoin and Ethereum products from Volatility Shares for listing on Cboe BZX. They are based on CME futures, not spot holdings, and the same batch includes 3x gold, silver, crude oil and natural gas products. - The CFTC proposed its first round of rules for US crypto markets. Chair Mike Selig said clear rules of the road start now, aimed at protecting investors from fraud and abuse. Gemini co-founder Tyler Winklevoss said clear rules for crypto are coming. - The US Treasury withdrew proposed surveillance rules that targeted unhosted wallets and crypto mixers. - US spot Bitcoin ETFs took in $241.1 million last week, a third straight week of net inflows. - Polymarket now prices a 59% chance Bitcoin finishes this month above $90,000. Bitcoin is also holding above its power law support line into Q4. - TD Cowen said Bitcoin is increasingly being evaluated inside portfolio construction, and the debate has shifted from whether institutions will participate to how they will. - President Trump blamed rising gas prices on Democrats and on Russian oil refineries being attacked by Ukraine. - US real estate stocks are at their lowest level ever relative to the S&P 500, wiping out the relative gains from the early-to-mid 2000s housing bubble. - The 2020s are on pace to be the worst decade on record for the 10-year Treasury, with an annualized total return of -1.3% so far. - Corporate guidance is unusually strong. 72 S&P 500 companies issued positive earnings guidance for Q3, the most FactSet has tracked and well above the five-year average of 42. - Americans now hold more than $60 trillion in stocks and mutual funds, more than triple the level a decade ago. - Nike is down 80% from its November 2021 peak, the largest drawdown in company history. - AI capex keeps accelerating. Spending by Alphabet, Amazon, Meta, Microsoft and Oracle is expected to jump from $412 billion in 2025 to $789 billion in 2026, a 92% increase. - Iran's president said negotiation has no meaning with an enemy that terrorizes, sanctions, pressures and threatens on a daily basis. 📊 Altcoin Market Updates 📊 - The SEC's new leveraged-product approval also covers the first 3x Ethereum ETF, built on CME futures rather than spot Ether. - BitMine now holds more than 6 million ETH, about 4.9% of total supply, and said total crypto, cash and marketable securities holdings are $17.4 billion. - Shytoshi became the top holder of WOOF after the official SHIB account followed the project. SHIB also liked a SHIBLING reply that traders read as a hint of an OG link. - MOO, a memecoin planned for Robinhood Chain, announced a narrative-driven casino game, which traders called a first for a memecoin. - GOMO passed 1,000 users in under 24 hours, already ahead of the day-one user count Fomo had at launch. - Former federal regulator Charlene Fadirepo said young investors in Africa are saving in Bitcoin and see it as a path to a better financial future. 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
