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Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.
Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.
Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.
Catslap has allocated 10% of its token supply to community rewards
Fusion+ aims to address the challenge of moving assets between blockchains in DeFi.
VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel expressed confidence that the next phase of the Bitcoin bull run is “just beginning.”
- 06:38The designer of the Russian digital ruble is about to resignThe Central Bank of Russia announced that its First Deputy Governor, Olga Skorobogatova, will resign on December 2. She had worked in the private sector until joining the central bank in 2014. Skorobogatova was responsible for overseeing the national payment system, IT and financial technology, including the digital ruble central bank digital currency (CBDC). Her position will be taken over by Zulfiya Kakhrumanova, the central bank's IT director. The first deputy governor Dmitry Tulin will be responsible for overseeing the national payment system.The digital ruble is planned to be widely launched in July 2025 when large banks will have an obligation to support CBDC. The second batch of banks originally planned to join this program in January 2024 but has not yet been realized as of October.
- 06:30World has over 17 million global usersOpenAI founder Sam Altman's World Project (formerly known as Worldcoin) announced in X that it has over 17 million users worldwide
- 06:29Jim Cramer favors BTC over MicroStrategy stocks: Bitcoin is the winnerCNBC "Mad Money" host Jim Cramer shared his views on Bitcoin and MicroStrategy stock (MSTR) this week. During the show, a caller told Cramer: "I've been holding this stock since 2023, and it's currently up over 1,000%. I don't plan to sell it. In fact, after the recent adjustment, I plan to buy more." Cramer commented on this: "I have to tell you that this is a Bitcoin game. I prefer actually owning Bitcoin." He mentioned that Citron recently shorted it to some extent and suggested: "All I can tell you is own Bitcoin. That's the winner."
