BlackRock CEO Larry Fink changes his mind on bitcoin https://t.co/jKi718AEOd ...

For years, they were the fortress of traditional finance. The gatekeepers who looked at Bitcoin and sneered. While Black Rockck, Fidelity, and practically everyone else on Wall Street was scrambling to build crypto products, this 11 trillion giant stood firm.They blocked you from buying Bitcoin ETFs. They told you crypto had quote no intrinsic value. They effectively told 50 million clients that if they wanted digital assets, they could go take a hike.Well, guess what. They just blinked. In a move that has ...

🚨LATEST: BlackRock's Larry Fink admits he was initially wrong about Bitcoin."My thought process always evolves. This is a big shift in my opinion." https://t.co/v0GzCOo4tl ...

JUST IN: BlackRock CEO Larry Fink says he was wrong to be a Bitcoin critic and changed his views 👀"My thought process always evolves. This is a big shift in my opinion." 👏 https://t.co/4PhDuoy5Le ...

🚨 🚨 🚨 🚨 996 #BTC (92,279,154 USD) transferred from unknown wallet to #Coinbasehttps://t.co/twjdO3bGTj ...

Core Insights - American Bitcoin shares experienced a partial recovery after a significant drop due to the end of a lockup period for certain investors, with shares trading around $2.33, down 35% from $3.60 on Monday [1][2] Company Overview - American Bitcoin was formed through a merger between the Trump brothers' business and Miami-based Bitcoin miner Hut8, and it plans to go public via a merger with Gryphon Digital Mining [4] - The company sold 159 million shares for $220 million in a private placement, which are now valued at approximately $397 million based on current prices [3] Financial Performance - In the third quarter, American Bitcoin mined Bitcoin at a cost of around $50,000 per coin and currently holds 4,004 Bitcoin valued at roughly $370 million [5] - The company generated $64 million in revenue, a significant increase from $11.6 million the previous year, and reported a profit of $3.5 million, recovering from a loss of $576 million a year ago [6] Market Dynamics - The recent share unlocks have negatively impacted crypto-buying firms, which were trading above the value of their crypto holdings, leading to lower stock prices for companies like SharpLink Gaming and Upexi [6] - American Bitcoin's President indicated that more shares will soon become freely tradable, marking the first major unlock of pre-merger shares [3][4]

Although the biggest difference between today’s market and 2018/2019 is the over saturation of new coins in the marketBut with that said I think there is extreme value if your patient and find legitimate projects building real tech with revenue while majority alts trade at lows ...

Financial Highlights - The document indicates a monetary value of £68,887.09 [1]

About half of current cryptocurrency investors have experienced "notable losses," according to a recent survey of financial advisors with clients that hold crypto. That might not lead to an uncomfortable conversation between the advisor and a client, because until recently, financial advisors haven't generally recommended crypto investments such as bitcoin, ethereum, and the rest. That's changing. This week, Bank of America announced that, in January, its Merrill and Private Bank clients will be encoura ...

Group 1: Bitcoin and Crypto Market - Bitcoin has rebounded to a two-week high, trading just below $94,000, indicating potential recovery in the wider crypto market after a significant sell-off that wiped over $1 trillion off its value since October [6][22] - Shares in American Bitcoin, backed by Donald Trump Jr. and Eric Trump, lost nearly 40% of their value recently, while World Liberty Financial's WLFI token has dropped over 50% from its peak in September [7] - Strategy, a company heavily involved in Bitcoin, announced a new $1.44 billion reserve to meet short-term obligations, aiming to avoid selling Bitcoin below its net asset value [8][9][10] Group 2: Anthropic and IPO News - AI startup Anthropic is preparing for what could be the largest IPO ever, with a recent valuation of $183 billion, as it competes with OpenAI to go public [2] Group 3: Labor Market and Economic Indicators - The upcoming ADP private payrolls report is expected to influence the Federal Reserve's decisions, especially with government data delayed [3] - Despite record online sales during the holiday shopping season, consumer confidence has declined, leading to an 87% chance of a rate cut by the Fed next week [4] Group 4: Company Earnings and Market Reactions - American Eagle reported earnings of 53 cents per share and revenues of $1.36 billion, exceeding expectations and showing strong holiday season guidance [33] - CrowdStrike's revenue for the third quarter was $1.23 billion, slightly above expectations, but shares fell as investors anticipated stronger results [38] - Macy's reported its strongest growth in three years with adjusted earnings per share guidance raised to as much as $2.20, yet shares declined due to concerns over the current holiday period [52]