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

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Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap: 🚨 Major Headlines & Market Moves 🚨 → The Fed cut rates another 25 bps, moving down to a new range of 3.50-3.75% and they announced $40 billion per month of Treasury bill buying starting this Friday, QE is back. → 82% chance of Fed maintaining rate in January. → Fed Chair Jerome Powell says baseline is solid for growth next year. → White House Economic Advisor Hassett says stronger data could support 50 bps cut. → Bitcoin slipped in Asia trading hours while other risk assets gained after the US Federal Reserve cut interest rates and expressed optimism about the economy. → Odds of Bitcoin hitting $100k by year-end drop below 30% on Polymarket amid Bitcoin selloff following U.S. Fed rate decision. → Fidelity reports 654,000 401(k) millionaires in Q3, the highest ever recorded since the early 2000s. → China’s DeepSeek is using smuggled Nvidia Blackwell chips to train its next-generation AI model. → $1.59 billion in leveraged short positions to be liquidated if Bitcoin price hits $95,076. → Bitcoin spot ETFs record $150.77 million in net inflows. → $4.46 trillion Nvidia CEO says Bitcoin is taking excess energy, storing it into a new form called currency, and you take that currency wherever you like. → Elon Musk's SpaceX recently moved some of its Bitcoin. → CFTC Chair confirms you will be able to use Bitcoin as collateral in derivatives markets. → $74.8 billion Coinbase’s John D’Agostino says more Eurozone countries will follow the Czech Republic and buy Bitcoin. → Eric Trump and Donald Trump Jr. backed American Bitcoin acquires an additional 416 Bitcoin, now hold 4,784 Bitcoin. → Vivek Ramaswamy's Strive to raise $500 million to buy more Bitcoin. → Bitwise CEO says banks, with assets in trillions, have recently approved their Bitcoin and crypto ETPs for their clients. → President Trump says the stock market should continue to go up. → Jerome Powell says the Fed thinks job gains are overstated by 60,000 in recent months. → Goldman Sachs predicts Gold will reach $4,900 by end of 2026. → Amazon $AMZN (Amazon.com Inc) to invest $35 billion in India and create one million jobs. → The US collected a record $246 billion in customs duties over the last 12 months, which was 3x higher than what was collected in the 12 months prior. → The interest expense on US national debt rose to a record $1.25 trillion in the last 12 months, more than doubling over the past 4 years, the US Government now spends more money on interest than it does on national defense. → In the first 2 months of the 2026 fiscal year the Federal Government took in $740 billion and spent $1.2 trillion. → S&P 500 profit margins rose to 13.6% in the 3rd quarter, their highest level in history. → With 96% of companies reported, S&P 500 operating earnings are up 22% YoY, the 11th straight positive quarter and highest growth rate since Q4 2021. → 5 out of the 7 stocks in the Magnificent Seven are actually underperforming the S&P 500 this year, a very different picture than 2023/2024, only Google and Nvidia are outperforming. → $ADBE (Adobe Systems Inc) Adobe Q4 FY25: RPO +13% to $22.5 billion, ARR +12% to $25.2 billion, revenue +10% to $6.2 billion, non-GAAP EPS $5.50, FY26 revenue ~$26 billion. → $ORCL (Oracle Corporation) Oracle Q2 FY26: RPO +438% Y/Y & +15% Q/Q to $523 billion, cloud revenue +34% Y/Y to $8.0 billion, revenue +14% Y/Y to $16.1 billion, non-GAAP EPS $2.26. 📊 Altcoin Market Updates 📊 → ToysForTots, the Marine Corps Reserve-run charity for children in need, receives $3,000 in donations plus 100% of future PumpFun creator fees from the $SFT community. → ETF clients buy $8.73 million worth of $XRP, bringing total ETF-held net assets to $945.49 million. → Solana co-founder says Solana has no single point of failure. → Solana co-founder says the market simply has not awakened to the fact that the fastest companies in history to reach $100 million are mostly in crypto, and most of those are on Solana. → Solana-based Jupiter hires KKR's head of digital asset strategy as its president. → U.S. CFTC Chair explains limited pilot program for Bitcoin, Ethereum, and $USDC collateralization. → CZ warns someone hacked @heyibinance's WeChat account, do not buy meme coins from the hackers posts. 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 $XRP $SOL $SPX500