Timothy Assi @TimothyAssi: "Happy Wednesday all! If you..."

Belgium

Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap: 🚨 Major Headlines & Market Moves 🚨 → Texas becomes the first state to purchase Bitcoin, investing $5 million in BlackRock's spot Bitcoin ETF, with $10 million allocated. → Metaplanet raised $130 million using Bitcoin as collateral to buy more Bitcoin. → Congressman Warren Davidson says the US can fund the Strategic Bitcoin Reserve by accepting tax payments in Bitcoin. → Small businesses can now accept Bitcoin like a card with zero processing fees via Square. → JPMorgan says cryptocurrency is emerging as a tradable macro asset. → Odds of a 25 basis points Federal Reserve rate cut in December surpass 85%. → Deutsche Bank expects the Fed to cut rates by 25 basis points in December. → Fed Governor says the US economy calls for large interest rate cuts. → Kevin Hassett is now President Trump's top choice to replace Jerome Powell as Federal Reserve Chair. → Elon Musk’s xAI reportedly raising $15 billion at $230 billion valuation. → Nvidia set to lose $180 billion as Meta considers Google chips. → Kalshi CEO says prediction markets could rival stock exchanges in a few years. → Cryptocurrency markets heading toward record monthly outflow exceeding $6 billion. → US home prices rose 1.3% over the last year, the slowest appreciation in over two years. → The Federal Government took in $404 billion in October and spent $689 billion. → The US collected a record $31 billion in customs duties in October, over 4 times higher than the same month in 2024. → Producer prices in the US rose 4.6% per year over the last 5 years and over 25% in total. → The US money supply grew 4.6% over the last year, the biggest year-over-year increase since July 2022. → Alibaba reported revenue of $34.8 billion, up 5% year-over-year, with cloud up 34%. → Dell Technologies reported revenue of $27.0 billion, with record AI server orders. 📊 Altcoin Market Updates 📊 → Franklin Templeton files for spot Solana ETF. → Solana co-founder says the unbroken streak of daily inflows to the Solana ETF is greatly underappreciated. → Franklin Templeton says XRP plays a foundational role in global settlement infrastructure. → Theros forms an exclusive JV to offer token-backed loans and AI lending simulations. → Unit announces spot Ethena deposits, withdrawals, and trading now live on Hyperliquid. → Klarna introduces KlarnaUSD, its first stablecoin. → Russia expands investment options for crypto-linked assets. → Polymarket secures CFTC approval to operate fully as an exchange for US retail users and brokerages. If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow. Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru @degeneratenews @charliebilello @economyapp @earnings_time $BTC $ETH $SOL $XRP $SPX500

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