Sa 16/5 | Daily Crypto & Macro News

Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:🚨 Major Headlines & Market Moves 🚨- Over $900 billion wiped out from the US stock market yesterday.- Jerome Powell officially steps down after 8 years as Federal Reserve Chair.- Spot gold falls 3% to $4510.- Odds of next Fed rate hike before 2027 surge to 36%, per Kalshi traders.- Abu Dhabi sovereign wealth fund Mubadala raises its stake in BlackRock’s Bitcoin ETF to over $565 million.- $NVDA is less than $300 billion away from becoming the first $6 trillion company.- Legendary rapper Drake raps about Bitcoin in his new song: “I am a BTC crypto big-timer.”- There was a giant Bitcoin advertisement on display in Times Square with the message: “No man should work for what another man can print.”- Fox Business Host Charles Payne changes his X profile picture to an American flag Bitcoin.📊 Altcoin Market Updates 📊- Solana main account follows $VIRL amid speculation of the chain’s first AI-native token launchpad.- $MARVIN on Solana gains traction as the community pushes to make it iconic.- $HYPE hits new all-time high and surpasses $45.- Hyperliquid assistance fund surpasses $2 billion for the first time.- Thorchain likely exploited across Bitcoin, Ethereum, BSC, and Base for over $10.7 million.- Kraken parent Payward cuts 150 staff ahead of planned IPO.- ETF clients buy $10.87 million worth of $XRP, bringing total ETF-held net assets to $1.18 billion.If you enjoyed this daily roundup, make sure to follow me – I’ll see you tomorrow.$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