If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨
Major Headlines & Market Moves
🚨
- Apple builds a China-specific AI model with
Alibaba as
it prepares Apple Intelligence rollout.
- Number of US homebuyers falls to the lowest level ever recorded.
- The Fed started cutting rates in September 2024 with the 30-year Treasury yield below 4%. They cut rates 175 bps and the 30-year yield is now at 5.3%, the highest since 2007.
- Over the last 10 years, US federal government tax revenue has increased 65% to $5.3 trillion while government spending has increased 96% to $7.3 trillion. The result is a more than doubling of the US national debt from $19 trillion to $39 trillion.
- Elon Musk says "I hope AI is nice to us."
- Billionaire Mark Cuban says computer chips "will be the new crypto."
- Less than 10% of the global population is invested in cryptocurrency.
- Earnings to watch this week include Klarna, Home Depot and AS on Tuesday; Analog Devices, Target and Lowe's on Wednesday; Alibaba, Walmart and NetEase on Thursday.
📊
Altcoin Market Updates
📊
- Fomo flips Hyperliquid in 24-hour revenue.
- Someone is up over $165k on paper after putting $99.11 into a memecoin on Fomo.
- Solana co-founder Toly says the most bullish SIMD isn’t to lower inflation, it would be to inflate the supply, to acquire another company with Sol, and integrate their revenues into a buy/burn.
- Pumpfun is doing 2x the weekly revenue of Hyperliquid.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BABA $RONIN $DYM
🚨
Major Headlines & Market Moves
🚨
- Apple builds a China-specific AI model with
Alibaba as
it prepares Apple Intelligence rollout.
- Number of US homebuyers falls to the lowest level ever recorded.
- The Fed started cutting rates in September 2024 with the 30-year Treasury yield below 4%. They cut rates 175 bps and the 30-year yield is now at 5.3%, the highest since 2007.
- Over the last 10 years, US federal government tax revenue has increased 65% to $5.3 trillion while government spending has increased 96% to $7.3 trillion. The result is a more than doubling of the US national debt from $19 trillion to $39 trillion.
- Elon Musk says "I hope AI is nice to us."
- Billionaire Mark Cuban says computer chips "will be the new crypto."
- Less than 10% of the global population is invested in cryptocurrency.
- Earnings to watch this week include Klarna, Home Depot and AS on Tuesday; Analog Devices, Target and Lowe's on Wednesday; Alibaba, Walmart and NetEase on Thursday.
📊
Altcoin Market Updates
📊
- Fomo flips Hyperliquid in 24-hour revenue.
- Someone is up over $165k on paper after putting $99.11 into a memecoin on Fomo.
- Solana co-founder Toly says the most bullish SIMD isn’t to lower inflation, it would be to inflate the supply, to acquire another company with Sol, and integrate their revenues into a buy/burn.
- Pumpfun is doing 2x the weekly revenue of Hyperliquid.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BABA $RONIN $DYM