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Core Scientific Newsroom
Pre-market surged nearly 5%! MicroStrategy has been included in the NASDAQ 100 Index, with Global investors "passively accumulating at High Stock Price" Bitcoin?
① According to the Market Cap of listed companies, Global shareholders equivalent to buying Bitcoin at a price of over 0.2 million US dollars; ② The company itself is currently experiencing continuous losses, and in recent years, the focus of Operation has shifted to becoming "securitized Bitcoin"; ③ The industry closely monitors the logic of the "upward flywheel": Fund passively buys → company rises → buys Bitcoin → Bitcoin rises → company continues to rise.
BTIG Maintains Core Scientific(CORZ.US) With Buy Rating, Raises Target Price to $20
Analysts Offer Insights on NA Companies: Core Scientific Inc (CORZ) and Boundless Bio Inc. (BOLD)
Trump ignites enthusiasm in the cryptocurrency market again, with Bitcoin reaching a historic high, aiming for 0.11 million dollars?
Last week, the president-elect of the USA, Trump, stated that he plans to establish a Bitcoin strategic reserve similar to the Strategic Petroleum Reserve. Trump said, "We are going to do some great things in the Cryptos field."
Powell may have seen through everything long ago; inflation or recovery may just be an illusion!
Gregory Daco, the chief economist at EY Parthenon, pointed out that Federal Reserve Chairman Powell is implementing a "forward-looking inflation determination approach."
Latest Cryptos news | Will history be created again? Bitcoin hits the $0.11 million mark; the third state in the USA may launch "Global Strategy Bitcoin Reserve" legislation this week.
After USA Senator Lummis proposed the acquisition of 5% of the Bitcoin supply by the USA government, Ben Simpson, founder and CEO of Collective Shift, analyzed that if the Global Strategy Bitcoin reserve is approved, the market is expected to become unstable, with Bitcoin likely to rise and then possibly decline.
What happened to the USA market? The Dow has fallen for seven consecutive days, and US Treasury bonds have declined for five straight days, yet Bitcoin keeps rising joyfully!
① As of Sunday, Bitcoin has risen for seven consecutive weeks, marking the longest upward trend since 2021; ② However, if you look at the traditional stock and bond markets, you may find that compared to the situation at the beginning of the election, the field of Cryptos like Bitcoin has gradually become a "beautiful landscape" recently; ③ The Dow has currently faced seven consecutive days of declines, while US Treasuries experienced five consecutive weeks of losses last week.
Bitcoin has surged! Is the Retirement fund also taking action? A large Australian Retirement fund has rarely allocated Bitcoin.
① AMP Ltd, an Australian retirement and wealth management company, has invested 27 million Australian Dollars in Bitcoin, becoming the country's first large retirement fund to buy Bitcoin. ② The Chief Investment Officer of AMP stated that Bitcoin was purchased in May at a price of 0.06 million to 0.07 million USD, which is part of AMP's Global Strategy for diversification.
Annual review | In 2024, the crypto world will welcome a highlight moment! Bitcoin accelerates towards breaking through the 0.1 million dollar mark, with Trump as a catalyst for explosive growth?
Bitcoin has welcomed multiple historic moments, including the Bitcoin spot ETF, Bitcoin halving, the launch of Bitcoin spot ETF Options, the arrival of the USA's first 'Crypto President', and the 'AI and Crypto Emperor', as well as a historic breakthrough of surpassing 0.1 million dollars.
The world's largest asset management firm Blackrock considers that having 2% of Bitcoin in an asset portfolio is "reasonable."
Blackrock stated that Bitcoin cannot be compared to traditional Assets, and the "seven giants" of U.S. stocks can serve as a reference. Generally, each of the seven Stocks accounts for about 1-2% of the overall investment portfolio, and exceeding this range significantly increases the risk proportion. In the long run, Bitcoin may become less risky, and investors might use it to hedge against specific risks, similar to Gold.
The Texas House of Representatives has proposed a bill to establish a Global Strategy for Bitcoin reserves, which may usher in a stronger "policy tailwind" for Bitcoin.
According to foreign media reports, Texas has proposed a bill to establish its own Global Strategy Bitcoin reserve. If passed, this initiative will make the state a pioneer in Cryptos adoption and financial innovation.
Riot Platforms Shares Are On The Rise Thursday: What's Going On?
Jones Trading Initiates Coverage On Core Scientific With Hold Rating
Core Scientific Analyst Ratings
AI is driving up the demand for Electrical Utilities! According to Morgan Stanley, the market has underestimated niche areas such as Fuel Cell Energy and Bitcoin mining sites.
Morgan Stanley believes that the reutilization of Fuel Cell Energy and Bitcoin mining sites will provide new Energy solutions for Datacenters. Technologies for Electrical Utilities transmission and grid enhancement are crucial for the efficient and safe electricity use of Datacenters, and it is recommended to pay attention to power generation facilities such as Nuclear Power located near Datacenters. Legislative proposals in Texas may promote the construction of Henry Hub Natural Gas power plants, and the new Trump administration will take measures to support the growth of AI infrastructure.
The adjustment of the Nasdaq 100 is imminent; will Bitcoin "whales" MicroStrategy get what they want?
NASDAQ will announce the annual adjustment results of the index on December 13 (Friday). MicroStrategy meets all the criteria to be included in the NASDAQ 100 Index, and this development will trigger the purchase of the company's Stocks by Global direct-tracking ETFs with a scale of 451 billion dollars.
SA Charts: How Did Bitcoin Miners Perform in November?
Eric Trump, the second son of Trump: The USA is about to welcome the most crypto-friendly government in history!
① Eric, the second son of Trump, the elected president of the USA, stated that the Trump administration will become the most friendly government towards Cryptos in USA history. ② Eric mentioned at the Bitcoin Middle East and North Africa conference that Trump will promote USA's leadership in the "digital revolution" and promised not to impose excessive regulation on Cryptos.
Bitcoin once dipped below $95,000! Microsoft shareholders voted against the Bitcoin investment proposal: there is no guarantee of returns.
① Microsoft’s major shareholders voted against including Bitcoin on the company's balance sheet, believing it does not align with the long-term interests of shareholders; ② The Board of Directors of Microsoft opposes investing in Bitcoin, stating that corporate funds require stable and predictable investments to ensure liquidity and operational funds.
Ray Dalio, founder of Bridgewater Fund: Invest in Gold and Bitcoin, and stay away from debt-related Assets.
On Tuesday, Ray Dalio, co-founder of Bridgewater Associates, one of the largest hedge funds in the world, stated at a financial conference in Abu Dhabi that in the context of worsening debt issues facing most major economies, he prefers to invest in "hard currencies" such as Gold and Bitcoin, while avoiding debt-related Assets: I believe there may be issues with debt currencies. I want to avoid debt-related Assets, such as Bonds and Other forms of debt, and Hold some hard currencies, such as Gold and Bitcoin. Hard currencies typically refer to currencies backed by physical Commodities like Gold and Silver, and Bitcoin is also classified as a hard currency due to its stability and controllable supply.