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Daily digital currency news summary (2024-11-25)
According to foreign media reports, cboe global markets announced today that it plans to launch the first batch of cash-settled index options related to the spot price of bitcoin starting from December 2nd (Monday).
The nominee for the Secretary of Commerce nominated by Trump is also a cryptocurrency enthusiast, reportedly will promote bitcoin lending projects
① The Secretary of Commerce nominee Howard Lutnick, appointed by Trump, has always hoped to popularize cryptos, and his company is reportedly planning to offer dollar loans to customers secured by bitcoin; ② He will collaborate with the stablecoin company Tether, with an initial project scale of 2 billion dollars and a final goal of hundreds of billions of dollars.
Block, Toast, FIS Downgraded as BNP Sees Sluggish Payment Volume Growth Persisting
Lemonade, Crypto Firms Mara, Sezzle, SoFi Lead Weekly Financial Gainers
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
Bitcoin Set for Weekly Rise of 8.3% as Crypto Frenzy Continues Post Trump's Win