Fr 8/5 | 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 🚨- Over $253 million in crypto long positions were liquidated in the past 24 hours.- Kalshi raised $1 billion at a $22 billion valuation led by Coatue, with backing from Morgan Stanley, Sequoia, and a16z, as it now represents over 90% of U.S. prediction market volume.- Traders on Kalshi forecast Bitcoin could reach as high as $85,000 this month.- China added to its state gold reserves for the 18th consecutive month.- Agreements were reached between Iran and the U.S. on easing the blockade in exchange for gradual reopening of the Strait of Hormuz.- President Trump stated the U.S. has plenty of oil and is not facing an energy crisis.- The Senate Banking Committee is preparing a markup for the Bitcoin and crypto market structure bill as soon as tomorrow, with a potential vote next Thursday.- JPMorgan reported that Michael Saylor's Strategy could buy up to $30 billion worth of Bitcoin this year.- Morgan Stanley's E*Trade highlighted that Bitcoin has risen much faster than other assets over the past 10 years.- Wall Street firms, including BlackRock, JPMorgan, and Morgan Stanley, are hiring for dozens of Bitcoin and crypto positions.- BlackRock published a report stating that adding Bitcoin to a portfolio produces compelling results, noting that a little Bitcoin can go a long way despite its volatility.- Coinbase purchased $88 million worth of Bitcoin in Q1 2026.- Robinhood CEO Vlad Tenev said the U.S. is very close to passing the Crypto Clarity Act.- Japan plans to tokenize government bonds on blockchain.- Norway hiked rates by 25 basis points to 4.25%, its first increase since 2023.- MercadoLibre reported strong Q1 results with revenue up 49% year-over-year to $8.9 billion.📊 Altcoin Market Updates 📊- The TON emoji token $DIAMOND officially launched.- xChange by xStocksFi launched on Mantle, allowing trading of top 10 tokenized equities.- AWS is tapping Coinbase and Stripe to power USDC payments for AI agents.- Telegram CEO Pavel Durov highlighted how decentralized TON is.If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru @degeneratenews @charliebilello @economyapp @earnings_time$BTC $ETH $SPY $QQQ $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