Category Archive: Cryptocurrency, No picture
a16z crypto policy lead Brian Quintenz emerges as leading candidate for CFTC chair under Trump administration
Key Takeaways Brian Quintenz, linked with a16z crypto, is a leading contender for the CFTC chair position under Trump’s new administration. With Paul Atkins nominated to lead the SEC, it is anticipated that Trump’s transition team will soon announce their pick for the CFTC chair. Share this article President-elect Donald Trump’s transition team has wrapped […]
Vancouver approves motion to explore Bitcoin as a reserve asset
Key Takeaways The Vancouver City Council has approved a motion to make the city “Bitcoin-friendly.” Mayor Sim advocates for the adoption of Bitcoin as a means to protect the city’s purchasing power from inflationary pressures. Share this article Vancouver City Council has greenlit a proposal to explore the incorporation of Bitcoin into municipal financial operations, […]
This Perfect Pullback Could Be Easy Money On Thursday
Image Source: Unsplash Woah, what a move today! Everyone’s waiting to buy a pullback after that big move higher today…But picking the “perfect” pullback isn’t always easy…Not to worry – this “perfect pullback” technique will give you an easy roadmap finding the perfect entry tomorrow morning!The SIZE of today’s move higher is a big clue…Combine that […]
Stocks And Precious Metals Charts – The Relentless Enemy Of Understanding
Image Source: UnsplashThe Consumer Price Index (CPI), a common measure of inflation, came in as forecast this morning.And so stocks rallied, morphing into what was clearly a relentless short squeeze, particularly in the heart of bubbledom.The Dollar rose another 25 cents or so, managing to firmly plant its flag in 106 territory.A lot of this is […]
Australian Dollar Remains Stronger After The Release Of Employment Data
Image Source: Unsplash The Australian Dollar appreciates following the domestic mixed labor market. Australia’s Employment Change rose by 35,600 in November, exceeding the previous 12,100 and the expected 25,000 readings. Trades still expect the Fed to proceed with a quarter-point rate cut in December following the latest US CPI report. The Australian Dollar (AUD) halts its […]
Roblox Breakout
Image Source: UnsplashThe ostensibly scandal-plagued RBLX continues to thrive. The only meaningful resistance at this point is the price gap I’ve highlighted with the red dashed horizontal line. More By This Author:Sizzling SilverCalamitous RatioETF Review – Sunday, Dec. 8
Exxon Plans Large Nat Gas Plants To Supply Electricity To Data Centers
Image Source: UnsplashIt isn’t just nuclear projects getting in on the “selling power to data centers” trend – now oil supermajor Exxon (XOM) is joining the trend. In fact, Exxon is planning a large natural gas-powered plant to supply electricity directly to data centers, incorporating technology to capture over 90% of its carbon emissions, according to the New York […]
Rates Spark: A Fourth ECB Cut Incoming
While we don’t entirely exclude 50bp, the European Central Bank is likely to decide on another 25bp cut. If the communication turns more dovish, then markets may going forward be even keener to price in a lower landing zone on the back of weaker economic data. After a 0.3% MoM US core CPI reading, rates will be […]
Riot Platforms completes $525M offering to buy Bitcoin
Key Takeaways Riot Platforms raised $525 million to fund Bitcoin purchases and operations. Riot currently holds 12,000 Bitcoin, valued at approximately $1.2 billion. Share this article Riot Platforms, a leading Bitcoin mining company, has completed its $525 million senior note offering, according to a filing with the SEC. The private offering, initially announced earlier this […]
There’s A Big Divergence In The Market’s Mojo
Image Source: Unsplash S&P 500 – up. NASDAQ – really up. Dow30… down.When the big indexes or usually correlated assets stop moving together, that’s divergence, and it usually means something’s happening.Tech was absolutely screaming today, still pushing higher on Google’s “Willow” quantum computing narrative and overall optimism. And when you look at some of my usual […]
