We 24/6 | 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 🚨- US House officially passes bill to ban the Federal Reserve from creating a CBDC until 2030. The Senate previously passed a similar measure, with the bill expected to head to the president.- Congress schedules a hearing for the Clarity Act on July 17, as the Trump administration works on bipartisan support to pass it before the August recess.- Senate to release crypto tax legislation as early as fall 2026.- $1 trillion wiped out from the US stock market yesterday, with the S&P 500 falling around 1.4 percent.- Google added to the Dow Jones Industrial Average, replacing Verizon.- President Trump orders DOJ to launch investigation into big oil companies for artificially inflating gas prices.- Steak 'n Shake reports it is still saving 50 percent in processing fees by accepting Bitcoin.- Adam Back states Bitcoin is cheap and represents a good entry point for capital deployment.- Public company Strive CEO says the firm has been buying Bitcoin aggressively, quadrupling holdings even in a bear market.- Ric Edelman notes that 95 percent of institutions without Bitcoin or crypto exposure plan to allocate this year, viewing the Clarity Act as a potential pivot point.- Tokenized assets on-chain have grown 589 percent to $31 billion since 2025, per Binance.- Chinese supercomputer surpasses US record to become the world's fastest.- ARK Invest purchased more than 210,000 shares of Spcx worth at least $32 million after a sharp decline.- Tsla shares fell nearly 4 percent.- Mark Zuckerberg directed Meta to create a prediction markets app.📊 Altcoin Market Updates 📊- Vitalik Buterin announces the Ethereum Foundation is decreasing its budget by roughly 40 percent this year as it transitions to a long-term endowment model with lower annual spending targets.- ETF clients bought over $5 million worth of Xrp, with total ETF-held net assets approaching $1 billion.- Ethereum Foundation concludes reorganization, cutting about 20 percent of its workforce as part of broader mandate and treasury policy implementation.- Solana-based tokenized equities saw 24-hour volume hit $380 million, driven by platforms including xStocks, Backpack, and Sunrise Defi. Tokenized Mu and others showed strong liquidity.- Spcx perpetual futures on Hyperliquid surpassed $1 billion in 24-hour volume.If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.$BTC $ETH $SOL $SPY $QQQ 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