Trump rings the opening bell for the NYSE: the stock market is everything, and there will be a big push in the Cryptos field.
Trump seized this opportunity to make a new round of tax cut promises, and also promised to "make significant moves in the Cryptos sector."
Breaking news! Ukraine will "legalize" Bitcoin in 2025, and Argentina plans to allow free Trade of Bitcoin.
The Ukrainian government has announced that it expects to officially legalize Cryptos in the first quarter of 2025. Argentine President Milei has previewed a plan to implement free currency circulation in 2025, allowing people in the country to freely choose their currency for Trade, including Bitcoin.
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.
Daily Digital Currency Update Summary (2024-12-13)
Republican state legislator Giovanni Capriglione from Texas, USA, proposed legislation on Thursday aimed at establishing a Global Strategy Bitcoin reserve.
Block Options Spot-On: On December 12th, 142.47K Contracts Were Traded, With 994.12K Open Interest
On December 12th ET, $Block(SQ.US)$ had active options trading, with a total trading volume of 142.47K options for the day, of which put options accounted for 17.56% of the total transactions, and
Unusual Options Activity: DFS, WDAY and Others Attract Market Bets, DFS V/OI Ratio Reaches 77.4
EST Dec 12th Morning Delivery - In the last two hours of trading, 5 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Regulatory obstacles for Cryptos are expected to be removed, yet still difficult to please Bank of America bankers.
At this week's Reuters NEXT conference held in New York, bankers from Bank of America expressed a cautious attitude towards Cryptos, even though the market generally expects that under the leadership of incoming President Trump, friendlier regulations will pave the way for lending Institutions to expand into the realm of Digital Assets.
As Fed Rate Cut Looms, Here's Why Bitcoin Could See a Big Surge
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.
Caroline Crenshaw's Renomination Vote Postponed, as Crypto Industry Pays Keen Attention on Voting Procedures
Block Options Spot-On: On December 11th, 157.49K Contracts Were Traded, With 955.34K Open Interest
On December 11th ET, $Block(SQ.US)$ had active options trading, with a total trading volume of 157.49K options for the day, of which put options accounted for 22.09% of the total transactions, and
Unusual Options Activity: IP, GD and Others Attract Market Bets, IP V/OI Ratio Reaches 413.4
EST Dec 11th Afternoon Delivery - In the last two hours of trading, 7 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
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.
Bother With Bitcoin? If You Haven't Bought Crypto, It May Be Too Late
Between $95K and $100K, Bitcoin Changes Long-term Holders
Barclays Maintains Block(SQ.US) With Buy Rating, Maintains Target Price $100
Is a debt crisis about to occur? Dalio: Will invest in Gold and Bitcoin and other "hard currencies"!
Ray Dalio, founder of Bridgewater Fund, one of the world's largest hedge funds, stated on Tuesday that he will invest in hard currencies such as Gold and Bitcoin, while avoiding debt-related Assets, as most major economies are facing rising debt ratios. He added that the debts of many major countries, including the USA, have reached unprecedented levels and emphasized that the current debt levels are unsustainable.
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.
Quickly chase the "fool's money": Hedge funds are targeting mini millionaires.
Hedge Funds are looking for the next batch of money bags in the low-end market, focusing on "mini millionaires." As traditional hedge fund clients like large Institutions and super-rich individuals become increasingly silent, doctors, lawyers, business owners, or anyone with assets in the seven to eight-digit range have become new targets for hedge funds, and this trend has been accelerating. The velvet ropes across Wall Street are coming down. From Private Equity to Real Estate Operators, to trendy new private Crediting funds, everyone is trying to attract those wealthy individuals who are prosperous but not quite at the billionaire level. According to Andrew from the investment company DBi.
Macquarie Maintains Block(SQ.US) With Buy Rating