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The $60 Billion Question: Is Venezuela Secretly A Bitcoin Superpower?
ZeroHedge· 2026-01-03 19:00
Core Insights - The article discusses the potential control of $60 billion in Bitcoin by Alex Saab for the Maduro regime, highlighting the ongoing financial battle on the blockchain as Maduro faces legal challenges in the U.S. [1][2][51] Group 1: Financial Operations - The Maduro regime systematically looted Venezuela's resources, converting billions in oil revenue and gold reserves into cryptocurrency, primarily Bitcoin [4][24]. - In 2018, Venezuela exported 73.2 tons of gold, valued at approximately $2.7 billion, which was converted into Bitcoin through a network of intermediaries [6][25]. - The conversion of gold proceeds into Bitcoin was facilitated by OTC brokers in Turkey and the UAE, with the Bitcoin moved through mixers and cold wallets to obscure its origin [29][30]. Group 2: Key Figures - Alex Saab is identified as the central figure orchestrating the conversion of Venezuela's gold into cryptocurrency, having built a shadow financial architecture for the regime [5][11]. - David Nicolas Rubio Gonzalez, a key courier in the gold-to-crypto pipeline, was sanctioned by the U.S. Treasury but has not faced criminal charges, raising questions about his potential cooperation with authorities [12][20]. - Saab's dual role as a contractor and informant for U.S. law enforcement complicates the narrative, as he provided information on high-level corruption while building the regime's financial empire [8][46]. Group 3: Implications of Maduro's Capture - With Maduro now in U.S. custody, the focus shifts to whether Saab will cooperate again or if he will retain control over the keys to Venezuela's hidden crypto fortune [9][51]. - The infrastructure established for cryptocurrency transactions may outlast the Maduro regime, posing challenges for recovery of the stolen assets [51][52]. - The article raises critical questions about the whereabouts of key figures like Saab and Gonzalez, and the potential for the $60 billion in Bitcoin to remain inaccessible [53][54].
What next for Ripple-linked XRP as price zooms above $2
Yahoo Finance· 2026-01-03 13:30
XRP surged to $2.02 after buyers forced a clean break through $1.96 on strong volume, flipping a key ceiling into support and putting the focus on whether the token can hold above $2.00 long enough to trigger a second leg higher. News background The move lands as traders re-engage with large-cap alts after a choppy stretch that repeatedly rejected XRP above the $2.00 handle. For XRP specifically, the $1.96 level has acted as a recurring decision point in recent sessions — rallies that cleared it briefly ...
5 Stocks Investors Couldn't Stop Buzzing About This Week: TGT, TSM, GOOG And More - Alphabet (NASDAQ:GOOG)
Benzinga· 2026-01-03 13:01
Core Insights - Retail investors have shown significant interest in five stocks this week, driven by retail hype, AI advancements, and corporate news [1] Group 1: Target Corp. (NYSE:TGT) - Target was highlighted after activist investor Toms Capital Investment Management acquired a significant stake, which is seen as a potential catalyst for operational changes [5] - The stock is trading around $97 to $99 per share, with a 52-week range of $83.44 to $145.08, and has declined by 28.75% in 2025 and 7.30% in the last six months [6] Group 2: Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) - Retail investors are bullish on TSM ahead of its earnings release later this month [4] Group 3: Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) - GOOG is trading around $303 to $305 per share, with a 52-week range of $134.25 to $313.98, and has returned 50.75% in 2025 and 30.09% in the last six months [10] - The stock has shown strong performance driven by AI advancements, cloud growth, and progress in Waymo, outperforming its peers [10] Group 4: IREN Ltd. (NASDAQ:IREN) - IREN gained attention due to discussions about using Ukraine's Zaporizhzhia nuclear power plant for cryptocurrency mining, which could impact U.S. bitcoin production [16] - The stock is trading around $36 to $38 per share, with a 52-week range of $5.12 to $76.87, and has risen 261.09% in 2025 [17] Group 5: Strategy Inc. (NASDAQ:MSTR) - MSTR announced the purchase of 1,229 Bitcoin for approximately $108.8 million, increasing its holdings to 672,497 BTC [17] - The stock is trading around $150 to $152 per share, with a 52-week range of $151.42 to $457.22, and has declined by 49.35% in 2025 [19] Group 6: Market Context - The retail focus has combined meme-driven narratives with earnings outlooks and corporate news, amidst negative market action in the S&P 500, Dow Jones, and Nasdaq [18]
5 Stocks Investors Couldn't Stop Buzzing About This Week: TGT, TSM, GOOG And More
Benzinga· 2026-01-03 13:01
Core Viewpoint - Retail investors are actively discussing five notable stocks driven by retail enthusiasm, AI developments, and corporate news, including Target Corp., Taiwan Semiconductor Manufacturing Co., Alphabet Inc., IREN Ltd., and Strategy Inc. [1] Group 1: Target Corp. (NYSE:TGT) - Target was highlighted after activist investor Toms Capital Investment Management acquired a significant stake, which investors viewed as a potential catalyst for operational changes to unlock long-term value [5] - Target reaffirmed its commitment to improving its merchandise and shopping experience, indicating a focus on returning to growth [5] - The stock had a 52-week range of $83.44 to $145.08, trading around $97 to $99 per share, with a decline of 28.75% in 2025 and 7.30% in the last six months [6] Group 2: Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) - Retail investors expressed bullish sentiment ahead of TSM's earnings release later in the month [4] Group 3: Alphabet Inc. (NASDAQ:GOOG) - Alphabet's stock had a 52-week range of $134.25 to $313.98, trading around $303 to $305 per share, with a return of 50.75% in 2025 and 30.09% in the last six months [10] - The stock showed strong performance among its peers, driven by advancements in AI, cloud growth, and progress in Waymo [10] Group 4: IREN Ltd. (NASDAQ:IREN) - IREN gained attention due to discussions about using Ukraine's Zaporizhzhia nuclear power plant for cryptocurrency mining, which could impact U.S. bitcoin production [16] - The stock had a 52-week range of $5.12 to $76.87, trading around $36 to $38 per share, with a significant rise of 261.09% in 2025 [17] Group 5: Strategy Inc. (NASDAQ:MSTR) - MSTR announced the purchase of 1,229 Bitcoin for approximately $108.8 million, increasing its holdings to 672,497 BTC [17] - Retail investors were cautious about investing in MSTR following its performance in 2025 [17] Group 6: Market Context - The retail focus combined meme-driven narratives with earnings outlooks and corporate news, as major indices like the S&P 500, Dow Jones, and Nasdaq experienced negative market action, missing the Santa Claus rally [18]
GrabAGun (PEW) Now Accepts Crypto Payments, Partners with Silencer Shop
Yahoo Finance· 2026-01-03 11:19
GrabAGun Digital Holdings Inc. (NYSE:PEW) is one of the 10 Best New Penny Stocks to Invest In. On December 22, GrabAGun Digital Holdings Inc. (NYSE:PEW) announced that it has started accepting cryptocurrency payments on its website. The company says that it is the first major firearms retailer to support Bitcoin, USD Coin, and Tether. These new payment options reinforce GrabAGun Digital Holdings Inc.’s (NYSE:PEW) position as the most forward-thinking and technology-focused platform in the industry. By of ...
Bitcoin just had its least volatile year ever — here’s what 2026 will bring
Yahoo Finance· 2026-01-03 09:17
Bitcoin in 2025 underperformed against major assets like stocks and precious metals but still had its least volatile year, according to new research. K33 Research said in a December report that “a year of waiting, distribution, pockets of hybris and despair” led the oldest cryptocurrency to end the year down by 3%, while gold, the Nasdaq and S&P 500 all finished on highs. Still, Bitcoin has matured as an asset institutional investors get involved — mainly via US exchange-traded funds — and the huge pric ...
Prediction: Robinhood Stock Is Going to Plunge in 2026
The Motley Fool· 2026-01-02 09:29
Core Viewpoint - Robinhood Markets experienced significant stock growth in 2025, but its future performance may decline in 2026 due to high valuation and unsustainable revenue growth drivers [1][2][3] Revenue Growth - In Q3 2025, Robinhood's transaction revenue reached $730 million, marking a 129% year-over-year increase, largely driven by a 339% surge in cryptocurrency revenue to $268 million [6][5] - The company's crypto revenue is highly volatile, having previously dropped over 50% in a six-month period from Q4 2024 to Q2 2025 [7][9] New Revenue Streams - Robinhood introduced prediction markets in partnership with Kalshi, allowing clients to bet on various events, which contributed to stock price increases in 2025 [13] - However, the prediction market generated only $115 million in annualized revenue during Q3, representing a mere 2.5% of the estimated total revenue of $4.5 billion for 2025 [14][15] Valuation Concerns - Robinhood's stock is currently trading at a price-to-sales (P/S) ratio of 25.5, significantly higher than its historical average of 11.2 since going public in 2021 [16] - To justify its current valuation, Robinhood would need to generate substantially more revenue, with a potential decline of 55% in stock price required to align with its long-term average P/S ratio [18] Future Outlook - The combination of volatile crypto revenue, the limited impact of the prediction markets, and the high stock valuation could lead to a significant correction in Robinhood's stock price in 2026 [19]
Tariffs Pushed CPER Up 39%, Doubling S&P 500 Returns
247Wallst· 2026-01-01 16:22
Core Viewpoint - In 2025, while investors focused on artificial intelligence stocks and cryptocurrency, a commodity fund achieved returns comparable to the top market performers [1] Group 1 - The commodity fund's performance was notable amidst a market dominated by technology and digital assets [1] - The returns from the commodity fund rivaled those of the biggest winners in the market, indicating strong performance in a competitive environment [1]
Prediction: These 2 Popular Cryptocurrencies Will Plunge by 50% (or More) in 2026
Yahoo Finance· 2026-01-01 09:34
Despite the positive news, XRP can't outrun its structural issues. First, banks don't have to use the token to benefit from instant cross-border transfers through Ripple Payments, because the network also supports the use of fiat currency. That means the success of Ripple Payments won't necessarily boost the value of XRP.The lawsuit threatened to derail Ripple's business model, which pressured the price of XRP. But the SEC agreed to drop the case and all pending appeals in August as part of President Donald ...
Tether Buys 8,889 BTC as Bitcoin Falls Below $88K: 3 Scenarios in Play
Yahoo Finance· 2026-01-01 08:45
2025 ended with a weak performance from Bitcoin , but Tether, the company behind the world’s largest stablecoin USDT , saw an opportunity to buy more BTC. As Bitcoin fell from the $88,000 mark, Tether added another 8,889 BTC, valued at $778.7 million, to its reserves, Lookonchain shared in an X post. The firm withdrew the assets from the Bitfinex crypto exchange. The company behind USDT now holds 96,370 BTC, worth $8.46 billion. Despite the bullish calls from the community, under Lookonchain’s post, Bi ...