Core Viewpoint - Bitmine Immersion Technologies experienced a significant stock decline of nearly 13% following its latest update on holdings, coinciding with a broader downturn in the cryptocurrency market [1][5]. Company Holdings Update - Bitmine reported an addition of 97,798 Ethereum tokens over the past week, bringing its total Ethereum holdings to 3,726,499 tokens [3]. - The company maintained its Bitcoin holdings at 192, unchanged from the previous week [3]. - Bitmine's stake in Eightco Holdings is valued at $36 million, and it holds $882 million in cash [3]. Market Context - The decline in Bitmine's stock was influenced by negative sentiment in the cryptocurrency market, particularly due to fears surrounding potential interest rate hikes by the Bank of Japan, which led to significant sell-offs in cryptocurrencies [6]. - Ethereum's price dropped from over $3,000 to just above $2,800 on the day of the report, reflecting the adverse market conditions [6]. Investment Outlook - Bitmine's performance is closely tied to Ethereum's market movements, indicating that the stock's trajectory will likely follow the cryptocurrency's price trends [7]. - The upcoming U.S. Federal Reserve meeting could impact market conditions, but current expectations do not favor a rate cut, suggesting caution for potential investors in Bitmine [7].

Regulatory Focus - Regulators aim to establish new rules for banks and stablecoins [1] - The goal is to ensure healthy competition between Wall Street, fintechs, and crypto firms [1] Policy Direction - The Fed's top bank cop plans to work on the new rules [1]

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So you you're about the builders and the companies that are trying to use the underlying technology to like, but just paint the macro picture right now. What does bring institutional retail money back in to the ETFs or to the crypto as they stand. Sure.I mean, your previous guests have mentioned the Bank of Japan News, which was significant for Bitcoin as well as the broader crypto markets. And we've seen crypto since the ETFs have been issued and we've seen more institutional involvement move more in line ...

Markets kicking off December with losses though, even after last week's big rebound. Historically, December has been a seasonally strong month without much volatility. Will this December prove to be the same.Well, joining us now is Max Kentner. He is chief multi-asset strategist at HSBC. Max, it's great to have you back on the show.And let's start right there because historically December tends to be one to remember for all the right reasons. How do you see this market shaping up right now into year end. >> ...

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Over the weekend I watched 'Now You See Me: Now You Don’t'.Tried to switch off crypto for a bit.But in the opening scene they expose three crypto scammers who robbed people via their fake CEX.Not spoiling the rest, but every time crypto shows up in movies it’s the same story.We’re always shown as money launderers or loud tech guys flexing wealth.This view hasn’t improved over the years. If anything it got worse even after major wins.Today FT wrote about the crypto crash & Saylor and the comments are the usu ...