We 12/8 | Daily Crypto & Macro News

Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:🚨 Major Headlines & Market Moves 🚨- Russia’s central bank has approved Bitcoin, Ethereum, and USDT for public trading on domestic exchanges.- The CFTC says it will proceed with digital asset rulemakings even if the Clarity Act does not pass.- A White House official says the administration remains fully committed to getting the Clarity Act across the finish line in September.- President Trump considers lowering the capital gains tax.- Spot gold price rises nearly 1% to $4,408.79 per ounce.- The US Strategic Petroleum Reserve fell by 6.1 million barrels last week to 298.7 million barrels, marking the lowest level since January 1983.- Morgan Stanley sees a $600 bull case for SpaceX $SPCX.- S&P 500 earnings are now expected to surge 32% in 2026, more than double the 15% growth expected at the start of the year.- There are now over 1.1 million homes for sale in the US, the highest inventory since 2019.- 12.9% of credit card balances in the US are 90+ days delinquent, near the highest since 2011. Student loan and auto loan delinquencies are also elevated.- Anthropic is now projected to IPO before the end of October.- BlackRock says tokenization is the next generation for markets.- Bank of Korea Senior Deputy Governor says there will be an additional rate hike.- A top Fed official says poorer Americans are struggling to make ends meet.- ProCap Financial CEO says that with continued money printing, Bitcoin is going to keep going up over the long run.📊 Altcoin Market Updates 📊- MoneyGram ramps goes live on Solana, giving builders direct access to MoneyGram’s global fiat on- and off-ramp infrastructure through a single API, with cash deposits in over 25 countries and withdrawals in over 170.- gmgnai flips Pumpfun and Hyperliquid in 24h revenue.- Robinhood Crypto chain is doing over 10x the 24h app revenue of Base.- $COBY on Solana sees increased attention after Ansem follows the project on X.- $FOX on Robinhood rallies 60% in the past 24 hours.If you enjoyed this daily roundup, make sure to follow me, I’ll see you tomorrow!$BTC $ETH $SPY $NSDQ100 $OIL PS… Want the complete shortcut ding altcoins with precision (without wasting months on trial-and-error)?Clere to grab the Altcoin Profit Toolkit — 8 structur$META + 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