But now to shift gears into the world of crypto which has been highly scrutinized, highly watched as well as just highly volatile as of late. So joining us now is Dan Novades, co-founder and CEO of Mode Mobile. And so you did mention something I wanted to start off with, and that's the the IPO moment we're seeing in in Bitcoin.So million-dollar question. How long do you expect this post IPO volatility to last. >> Yeah, I mean, it's hard to say.I think you know uh I think the right way to look at this is uh ...

Core Insights - The cryptocurrency projects associated with the Trump family, once market darlings, are now facing a significant collapse in trust [1][2][3] - The "Trump premium" that previously boosted these assets has rapidly transformed into a "Trump drag" [2][3] Group 1: Market Performance - American Bitcoin's stock plummeted by 33% within the first minute of trading, eventually dropping over 50% [1] - World Liberty Financial's token WLFI has decreased by 51% since early September [2] - Alt5 Sigma's stock has fallen by 85% from its yearly high [2] - Meme coins named after Trump and Melania have seen price declines of approximately 90% and 99% from their January peaks [2] Group 2: Impact of Trump's Involvement - Earlier this year, Trump's endorsement seemed to solidify the credibility of digital tokens, leading to significant price increases [3] - The merger announcement between Gryphon Digital and American Bitcoin resulted in a 173% stock surge, followed by a 16% increase on the first trading day post-merger [3] - Trump's push for regulatory changes initially benefited these projects, but his involvement has since become a liability [3] Group 3: Investor Sentiment - Retail investors are bearing the brunt of the losses, with the Trump family's wealth from crypto ventures declining by over $1 billion since October [6] - A Vancouver student reported a 40% drop in his digital token portfolio, expressing disappointment in the market's response despite Trump's support [7] - Bitcoin experienced a 6% increase on the same day American Bitcoin struggled, indicating a divergence between the Trump concept and the mainstream crypto market [7]

Core Insights - Coinbase is collaborating with major U.S. banks to pilot programs focused on stablecoins, crypto custody, and trading [1][2] - CEO Brian Armstrong emphasized that banks embracing digital assets will thrive, while those resisting will fall behind [2] - Coinbase has previously announced partnerships with banks like Citi, JPMorgan Chase, and PNC Bank to enhance digital asset services [3][4][6] Collaboration with Banks - Coinbase plans to work with Citi to develop digital asset payment capabilities for institutional clients, with potential future expansion [3] - The partnership with JPMorgan Chase aims to allow customers to use Chase credit cards to fund Coinbase accounts and link Chase bank accounts to Coinbase wallets [4][5] - Coinbase and PNC Bank are developing a solution for PNC clients to buy, hold, and sell cryptocurrencies, along with additional crypto financial solutions [6]

Market Overview - The cryptocurrency market is experiencing a significant sell-off, with Bitcoin trading 26% below its October all-time high and Ethereum down 38% [2] - Bitcoin's current price is $92,962.55, reflecting a 13.47% decline over the past 30 days, while Ethereum is priced at $3,059.35, down 17.57% in the same period [3] Notable Investors - Michael Saylor's Strategy Inc. has purchased 8,795 BTC in the last 30 days, totaling $817 million, and holds 650,000 BTC valued at $60.45 billion, making it the largest corporate holder of Bitcoin [4] - El Salvador has acquired 1,122.19 BTC worth $104.24 million for its national reserves, including a notable purchase of 1,090 BTC in one day [5] - Strive Inc., founded by Vivek Ramaswamy, has bought 1,567 BTC in the last month, increasing its total to 7,525 BTC valued at nearly $700 million [6] Ethereum Accumulation - Bitmine Immersion Technologies Inc. has aggressively increased its Ethereum holdings, purchasing 331,064 ETH in the last 30 days, bringing its total to 3.72 million ETH valued at almost $11 billion [8] Legislative Interest - Senator David McCormick disclosed purchasing shares of the Bitwise Bitcoin ETF ahead of Thanksgiving, indicating growing interest from lawmakers in cryptocurrency investments [9]

Core Viewpoint - BlackRock is "pro-risk and overweight" U.S. equities, driven by the growth of artificial intelligence (AI) and the rise of stablecoins, which are transforming financial markets as they approach 2026 [1][2] Group 1: AI and Market Dynamics - The firm identifies AI as the most dominant mega force influencing the global economy and U.S. equities [1][2] - BlackRock emphasizes that the current market environment is conducive to active investing, focusing on selecting winners and losers among AI builders [2] Group 2: Role of Stablecoins - Stablecoins are evolving from a niche market to a significant bridge between traditional finance and digital liquidity, with potential applications in cross-border payments and as alternatives to local currencies in emerging markets [3] - The total stablecoin market cap has increased by over $100 billion in the past year, reaching more than $307 billion, primarily driven by Tether's USDT and Circle's USDC [4] Group 3: Future Outlook - BlackRock remains committed to AI investments over the next six to twelve months, supported by strong earnings and healthy balance sheets, indicating a positive outlook for U.S. stocks [5] - The firm anticipates that risk appetite will be bolstered by Federal Reserve rate cuts, reinforcing its overweight position in U.S. equities [5]

Illegal Bitcoin mining in Malaysia has become so prolific that authorities are deploying drones with thermal imaging to search for unusual power use https://t.co/5O05GhaLFK ...

Crypto markets are ripping higher as traders latch onto a rare alignment of monetary and institutional tailwinds. A pro-crypto economist is now the clear favorite to run the Federal Reserve, while some of the world’s biggest asset managers are finally telling clients that Bitcoin belongs in traditional portfolios. Trump signals Kevin Hassett for Fed chair Prediction markets and Wall Street desks increasingly expect Kevin Hassett, a long-time Trump economic adviser, to succeed Jerome Powell as the next F ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. American Bitcoin Corp. (NASDAQ:ABTC) shares modestly recovered in Tuesday’s after-hours trading following a sharp drop triggered by the expiration of the lockup period for investors, including co-founder Eric Trump. ABTC stock is at key technical levels. Get the latest updates here. Early Investors Can Take Profits, Says Trump ABTC gained over 4% after-hours, but not before a sharp decline in the regular ...

Core Insights - Binance has launched Binance Junior, a savings account designed for parents to invest in cryptocurrencies on behalf of their children aged 6 to 17 [1][2] Group 1: Product Features - Binance Junior operates as a sub-account linked to a parent's main Binance account, allowing parents to maintain full control over the sub-account [2] - Funds can be transferred to Binance Junior accounts from the parent's Binance account or through on-chain transfers from external wallets [3] - The account allows for interest earnings through Binance's Junior Flexible Simple Earn product, although geographical availability is not fully clarified [4] Group 2: Usage Restrictions - Users of Binance Junior accounts are restricted from trading cryptocurrencies or making on-chain withdrawals, with activities limited to sending funds to linked parental accounts or other Junior accounts [5] - Transfers between Binance Junior accounts are capped at $400 per day, and parents can link up to five Junior accounts to their profile [6] Group 3: Educational Purpose - Binance Junior is positioned as a "family-centric app" aimed at introducing children to cryptocurrencies and the concept of saving [7] - The initiative is based on studies indicating that early exposure to savings accounts can foster positive financial habits and literacy [8] - The app is intended to prepare younger users for a financial landscape increasingly integrated with cryptocurrencies, promoting long-term financial literacy [9][10]

Core Insights - Ripple Labs, a blockchain firm based in San Francisco, has seen its valuation exceed $40 billion, benefiting from a favorable regulatory environment following the recent US presidential election [1] - The price of XRP has surged from $0.50 to $2.15 since November 2024, marking a 330% increase, indicating strong investor interest [3] - XRP is primarily valued for its use in cross-border payments, with Ripple having established partnerships with 300 financial institutions across 45 countries, facilitating $15 billion in annual cross-border transactions [4] Group 1: Regulatory Environment and Market Performance - The regulatory climate for Ripple has improved with the new administration, allowing for greater traction in the US market [1][2] - XRP's price stability above $2 is reminiscent of the 2017 blockchain bull run, suggesting renewed investor confidence [1] Group 2: Use Case and Market Dynamics - XRP is recognized for its potential in cross-border payments, which are often slow and costly through traditional financial systems [7] - The cryptocurrency's borderless nature and low transaction costs present a significant advantage over traditional payment methods [7] - Despite its potential, XRP remains a speculative asset, with its valuation not fully supported by income streams, relying instead on liquidity and market dynamics [8] Group 3: Future Outlook - Continued growth in Ripple's licensing and partnerships with banks and fintech companies could solidify XRP's role as a niche financial tool [6] - The company’s ability to navigate regulatory challenges and expand its market presence will be crucial for its long-term success [6]