Sa 30/5 | 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 🚨- US stock market records its highest daily and weekly close in history.- The Dow crossed above 51,000 for the first time, while the Nasdaq Composite crossed above 27,000, marking its third 1,000-point milestone this month.- US saving rate falls to nearly four-year low in April as households struggle.- Canada officially enters a technical recession.- Bitcoin Fear and Greed Index now at Extreme Fear at around $73,600.- Bitcoin recovers above $73,000 after President Trump announces the naval blockade in the Strait of Hormuz has ended.- US Treasury Secretary Scott Bessent says the government has seized $1 billion worth of crypto from Iran.- CFTC approves the first US Bitcoin perpetual futures contracts on a regulated exchange.- SEC Chair Paul Atkins says he is confident Congress will advance the Clarity Act and President Trump will sign it into law.- JPMorgan CEO Jamie Dimon criticizes the Clarity Act and says banks will fight it, while calling Coinbase CEO Brian Armstrong "full of shit."- Texas is pivoting from Bitcoin ETFs to buying spot Bitcoin held in cold storage for its Strategic Bitcoin Reserve.📊 Altcoin Market Updates 📊- ETF clients bought $1.77 million worth of XRP, bringing total ETF-held net assets to $1.12 billion.- Sui network experienced multiple downtimes, including over 45 minutes and more than one hour in the past 48 hours.- Hyperliquid's $HYPE token hits $65 for the first time following the CFTC's approval of perpetual derivatives.If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.$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