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Vanguard U-turn fuels Bitcoin price to $93,000 as analysts expect macro boost
Yahoo Finance· 2025-12-03 09:43
Bitcoin has rallied 10% this week, jumping above $93,000 on Wednesday after Vanguard — the second-largest asset manager seen as Wall Street’s most stubborn holdout — embraced crypto exchange-traded funds. The course reversal by the $11 trillion fund manager coincided with optimism in broader markets as investors now expect the Federal Reserve to slash interest rates at next Wednesday’s chair meeting. Coinbase’s Singapore country director Hassan Ahmed told DL News that macroeconomic tailwinds will benefit ...
Markets in 3 Minutes: Crypto Rally Will Run Out of Steam
Youtube· 2025-12-03 08:40
Group 1 - The recent bounce in cryptocurrency markets follows a sell-off earlier in the week, but there is skepticism about whether this indicates a return to a bull market [1][3] - A bullish macro view suggests that markets may reach fresh record highs soon, although there is doubt about the accuracy of this prediction [2] - The bounce in crypto is attributed to MicroStrategy's positive statement, but overall market enthusiasm and trading volume remain low [3][4] Group 2 - The Federal Reserve's potential rate cuts are seen as a critical factor influencing market dynamics, with many asset classes awaiting the Fed's decisions [5][6] - There is a belief that the current economic environment may lead to a negative impact on the dollar and fiat currencies, which could benefit Bitcoin in the long run [6][7] - The timing of potential market cycles is debated, with expectations of further downside in the crypto market before any significant recovery [7] Group 3 - The U.S. administration's focus on strengthening the market ahead of the midterm elections is linked to the Fed's actions, which are aimed at boosting asset prices [8] - Discussions around the impact of capital expenditures (CapEx) suggest an inflationary effect on financial assets, driven by easier monetary policy [9][10] - The overall impact of these dynamics on the real economy remains uncertain, with no clear conclusion on whether the outcomes will be inflationary or deflationary [10]
Crypto Industry Files Complaint Against Australia’s ABC Over Bitcoin Article
Yahoo Finance· 2025-12-03 08:29
Core Viewpoint - The Australian Bitcoin Industry Body (ABIB) has lodged a formal complaint against the Australian Broadcasting Corporation (ABC) for what it deems "factually inaccurate and misleading" coverage of Bitcoin, highlighting a growing rift between the crypto sector and traditional media [1] Group 1: Industry Response - ABIB claims that the ABC article misrepresents Bitcoin by primarily associating it with money laundering while neglecting its legitimate applications in energy stabilization, humanitarian remittances, and sovereign reserves [1][2] - The complaint cites specific breaches of the broadcaster's editorial policies, focusing on the one-sided portrayal of Bitcoin as linked to criminal activity [3] Group 2: Media Coverage - The ABC article, authored by Ian Verrender, characterized Bitcoin as lacking a "useful purpose" and suggested that money laundering is its "last useful business," while emphasizing its price volatility, which fell from $126,000 to below $90,000 [4] - ABIB argues that such coverage perpetuates outdated narratives centered on price fluctuations and U.S. politics, urging ABC to correct its reporting and consult experts in the field [5] Group 3: Regulatory Context - The complaint emerges during a period of significant regulatory changes in Australia's digital asset sector, with the introduction of the Corporations Amendment (Digital Assets Framework) Bill 2025, which aims to establish a comprehensive regulatory framework for crypto companies [6] - Australian ministers have expressed their commitment to the crypto industry, recognizing the potential of blockchain and digital assets to benefit the economy and financial sector [7]
21shares Launches Ethena (EENA) and Morpho (MORPH) ETPs, Expanding Access to High-Growth DeFi Infrastructure
Globenewswire· 2025-12-03 08:00
New products provide exposure to two of the fastest-scaling protocols in digital finance Zurich, December 3, 2025 — 21shares, one of the world’s largest issuers of crypto exchange-traded products, today announced the launch of two new ETPs offering investors access to leading decentralized finance (DeFi) infrastructure: the 21shares Ethena ETP (Ticker: EENA) and the 21shares Morpho ETP (Ticker: MORPH). The two products are now listed across major European exchanges, including SIX Swiss Exchange, Euronext Am ...
Kevin O'Leary Says He Likes To Bet On Crypto As Well As The Underlying Infrastructure: 'Why Wouldn't You Own The Entity That Mines Bitcoin?' - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
Benzinga· 2025-12-03 07:23
Core Insights - Kevin O'Leary emphasizes the importance of investing in both cryptocurrencies and the infrastructure that supports them [1][2] - O'Leary advocates for owning entities involved in cryptocurrency mining, such as Bitzero, a Canadian energy infrastructure company [2][3] Company Insights - Bitzero provides sustainable power generation for data centers, supporting high-performance computing and mining activities [3] - Bitzero began trading on the Canadian Securities Exchange last month [3] - O'Leary has invested in various cryptocurrency infrastructure companies, including Circle Internet Group Inc., Coinbase Global Inc., and Robinhood Markets Inc. [4] Industry Insights - O'Leary highlights the critical role of power supply in both the AI and cryptocurrency sectors, suggesting that electricity scarcity poses a significant risk to the growth of these industries [6] - He believes that owning Bitcoin and Ethereum can capture 97.5% of the cryptocurrency market's potential returns [6] - As of the latest data, Bitcoin is trading at $92,962.55, reflecting a 6.87% increase in the last 24 hours [6]
Coinbase to Participate in Goldman Sachs 2025 Financial Services Conference
Businesswire· 2025-12-03 01:45
Dec 2, 2025 8:45 PM Eastern Standard Time Coinbase to Participate in Goldman Sachs 2025 Financial Services Conference Share Remote-First-Company/NEW YORK--(BUSINESS WIRE)--Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 2025 Financial Services Conference on Tuesday, December 9, 2025 at 4:20 pm ET / 1:20 pm PT. A live webcast and replay of the virtual session will be available on Coinbase's Investor Relations website at ...
Forward Industries (NasdaqCM:FORD) Update / Briefing Transcript
2025-12-02 23:02
Summary of Forward Industries Conference Call Company Overview - **Company**: Forward Industries (NasdaqCM:FORD) - **Focus**: Transition to Solana Digital Asset Treasury Company - **Date of Call**: December 02, 2025 Key Points Strategic Shift to Solana Digital Asset Treasury - Forward Industries has launched a Solana Digital Asset Treasury strategy, positioning itself as the largest Solana treasury company globally, backed by major crypto firms like Galaxy Digital, Jump Crypto, and Multicoin Capital [4][5][8] - The company aims to leverage Solana's ecosystem growth to drive long-term growth and increase SOL per share [4][8] Market Conditions and Financial Metrics - The crypto market has experienced volatility, with Solana trading down approximately 50% from its peak and Forward Industries down about 75% [6] - As of November 30, Forward's Market Net Asset Value (MNAV) was approximately 1.09, calculated using a SOL price of $133 and a total of 6,921,342 SOL tokens [6][33] - Forward holds no debt and has a strong balance sheet, with approximately $30 million in operating capital [17][18] Treasury Management and Yield Generation - Forward's treasury strategy includes acquiring SOL tokens, with over 6.8 million SOL acquired shortly after the strategy launch [10] - The company has launched a liquid staking token, FWD SOL, allowing for simultaneous staking and deployment in on-chain strategies, potentially yielding higher returns [12][22] - The validator infrastructure has generated net yields between 6.82% and 7.01% APY, outperforming top-tier validators [11] Institutional Partnerships and Ecosystem Engagement - Forward has established partnerships with key players in the Solana ecosystem, enhancing access to founders, infrastructure, and strategic opportunities [9][10] - The company is actively participating in decentralized finance (DeFi) and staking, aiming to outperform passive staking yields [11][12] Future Growth and Market Positioning - Forward Industries is focused on becoming a primary public market gateway to Solana and the broader internet capital markets [20] - The company has initiated a $1 billion share repurchase program to enhance shareholder value [13][17] - Forward is also working on tokenizing its equity on the Solana blockchain to expand its shareholder base globally [39][40] Regulatory Environment and Market Outlook - The company is optimistic about upcoming regulatory clarity in the U.S., which could positively impact the crypto market [25][26] - Despite recent price volatility, there is a strong belief in the long-term fundamentals of Solana, which continues to lead in transaction volume and user engagement [15][16] Conclusion - Forward Industries is strategically positioned to capitalize on the growth of the Solana ecosystem, with a focus on treasury management, yield generation, and expanding its market presence [20][45] - The company aims to leverage its unique position and partnerships to drive long-term shareholder value and participate actively in the evolving landscape of digital assets [20][45]
This Trump-Linked Crypto Stock Just Plunged. Should You Buy the Dip as Shares Hit Deeply Oversold Levels?
Yahoo Finance· 2025-12-02 21:57
American Bitcoin (ABTC) shares crashed as much as 49% on Dec. 2 amid broader macro-driven turmoil in the cryptocurrency market. Bitcoin (BTCUSD) is currently down some 30% versus its year-to-date high of over $126,000 in early October. More News from Barchart This severe correction has triggered massive liquidations exceeding $19 billion, affecting over 1.6 million traders in what analysts describe as one of the most significant deleveraging events in crypto history. Versus its year-to-date high, ABTC ...
Why Bitmine Immersion Technologies (BMNR) Stock Skyrocketed Today
Benzinga· 2025-12-02 21:30
Core Insights - Bitmine Immersion Technologies Inc (BMNR) experienced a significant stock price increase of 10.26%, closing at $31.91, largely due to a 6.5% recovery in Ethereum prices ahead of a major network event [1][2]. Group 1: Company Performance - BMNR's stock price is closely tied to Ethereum, as the company holds 3.73 million Ethereum tokens, which is over 3% of the total circulating supply, making its stock behave more like a leveraged Ethereum proxy [2][3]. - A $180 increase in Ethereum's price can theoretically add over $670 million to Bitmine's balance sheet, highlighting the direct correlation between Ethereum's price movements and Bitmine's valuation [3]. Group 2: Market Sentiment and Developments - Investor sentiment is bolstered by the upcoming Fusaka upgrade, which is expected to enhance the network's scalability and security. The company has recently acquired nearly 97,000 additional Ethereum tokens to capitalize on this upgrade [4]. - Despite short- and medium-term price trends being flagged as negative, long-term trends for BMNR are viewed positively, indicating that underlying momentum remains intact [5].
X @Token Terminal 📊
Token Terminal 📊· 2025-12-02 20:44
The Q4 stablecoin transfer volume on @ethereum has already surpassed the volume in Q3, with still a month left of the quarter. https://t.co/Y6egFNLvpm ...