Fr 22/5 | Daily Crypto & Macro News

Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:🚨 Major Headlines & Market Moves 🚨- Fox Business reported the U.S. government is pushing for global crypto dominance following the new Strategic Bitcoin Reserve bill.- Congressman Mike Rulli voiced support for the Strategic Bitcoin Reserve, noting Bitcoin’s permanently fixed supply of 21 million while governments can print unlimited money.- Elon Musk’s SpaceX has seen roughly $789 million in unrealized gains on its Bitcoin holdings.- 16 years ago, Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John’s pizzas; today that amount is worth over $775 million.- Turkey sold nearly all of its U.S. Treasury holdings in March, cutting them from $16 billion to $1.8 billion.- President Trump’s administration plans to invest $2 billion in quantum computing companies in exchange for equity stakes.- President Trump indicated the U.S. will likely have to refund $149 billion in tariff revenue.- Odds of the next Fed rate hike before 2027 surged to 36% per Kalshi traders.- Take-Two Interactive reaffirmed GTA 6 launch on November 19, projecting $8-8.2 billion in net bookings driven largely by the title.- The S&P 500 technology sector’s relative strength versus the broad market hit its highest level in history.- Average 30-year U.S. mortgage rate stands at 6.51%, the highest since August 2025.📊 Altcoin Market Updates 📊- ETF clients bought $8.88 million worth of XRP, bringing total ETF-held net assets to $1.15 billion.- XRP Ledger surged from top 10 to #4 on the RWAdotxyz league table, one of the fastest-growing RWA ecosystems.- CME Group reported its XRP futures products generated nearly $63 billion in notional trading volume during their first year.- Sui launched gasless stablecoin transfers to simplify global payments.- ReelRush launched on Solana, enabling users to spot and tokenize emerging viral TikToks, Reels, and Shorts before they go viral via Meteora bonding curves.- Hyperliquid spot ETF flows hit $69.6 million in 8 days since launch, with $16.1 million today.- Hyperliquid broke $60 for the first time and hit a new all-time high; it also flipped Solana in fully diluted valuation.- Coinbase announced perpetual-style equity index futures going live in the U.S. on June 8.If you enjoyed this daily roundup, make sure to follow me – I’ll see you tomorrow.$BTC $ETH $QQQ $SPY $OIL PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?Clere to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.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📧 [email protected]🟩 Panic Drop Podcast : on your favorite streaming appwww.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