Tu 26/5 | Daily Crypto & Macro News
Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
S&P500 futures market reaches new all-time high, hitting 7569.
Taiwan, with just 23 million people, has overtaken India to become the world’s 5th-largest stock market, fueled by the AI and semiconductor boom.
China's yuan reaches a 3-year high against the U.S. dollar.
U.S. gas prices are forecasted to drop back down to $2.80 this year, per Kalshi traders.
Amazon revenue now exceeds Walmart revenue. Twenty-five years ago Walmart revenue was 68x larger than Amazon.
Nvidia's net profit margin surged to a record high of 71% in Q1, up from 12% a decade ago.
The longest duration bond ETF is down over 60% from its peak in March 2020 as 30-year Treasury yields have risen sharply from 0.8% to over 5%.
📊 Altcoin Market Updates 📊
The deployer of $WOLF (250M ATH) has deployed a new token $HOPPY after two years dormant, with the price rallying 600% in the past 24 hours.
Ansem calls Ethereum a shitcoin.
Gainzy criticizes the Ethereum Foundation as an embarrassment for a very long time, citing fragmentation of liquidity with L2s, unfixed fees, and questions BitMine’s large investment into Ethereum.
Ondo Finance announces that its founder, Nathan Allman, has passed away.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SPY $QQQ $OIL
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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.
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