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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.