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American Bitcoin (ABTC) Falls 15%, Mirrors Crypto Drop
Yahoo Finance· 2025-12-02 15:59
We recently published 10 Stocks Already Hurting in December. American Bitcoin Corp (NASDAQ:ABTC) is one of the top performers on Monday. American Bitcoin Corp (NASDAQ:ABTC) fell by 15.57 percent on Monday to finish at $3.58 apiece as investors took path from its major asset’s decline on the same day. On Monday alone, Bitcoin shed 0.058 percent to hover around the $86,000 level. Its current value marked a 21.6 percent fall from the $110,000 territory in just the past 30 trading days. In other recent news ...
X @BSCN
BSCN· 2025-12-02 15:40
RT BSCN (@BSCNews)2025 ANALYSIS: $JASMY COIN - Which factors could stand to influence the performance of Japan's biggest crypto platform @Jasmy_Global...? https://t.co/zhO1jd8nWz ...
Grayscale’s Chainlink ETF Lists on NYSE Arca, LINK Price Jumps
Yahoo Finance· 2025-12-02 15:23
Core Insights - Chainlink's native token, LINK, experienced an 8% increase to $13.06 following the launch of a Grayscale ETF dedicated to the asset [1] - The ETF, GLNK, provides regulated access to Chainlink for investors through traditional brokerage accounts, marking the first U.S. ETF focused on tracking LINK [1][5] Company Overview - Chainlink is essential for enabling blockchain systems to interact with real-world data, integrating off-chain information into smart contracts for decentralized applications [2] - The network facilitates communication between separate blockchains, allowing data and value transfer across otherwise isolated networks, which is crucial for decentralized finance (DeFi), NFTs, and gaming [3] ETF Details - The GLNK ETF does not represent a direct investment in LINK; it holds LINK on behalf of shareholders and is not subject to the Investment Company Act of 1940, lacking some consumer protections [4] - The introduction of the ETF follows a significant decline in LINK's value, which is down 39% since the beginning of the year, reflecting broader trends in the cryptocurrency market [4]
Strategy (MSTR) Fire Sale: Should you Buy?
ZACKS· 2025-12-02 15:06
Core Viewpoint - MSTR is currently undervalued with its Net Asset Value (NAV) at the lowest in history, presenting a potential investment opportunity as the market sentiment is overly fearful [1][6]. Group 1: Financial Metrics - MSTR's NAV is currently at 1.10x, which is the lowest it has ever been, compared to its historical range of 1.50x to 2.45x [1]. - The company's market capitalization is approximately $45 billion, while its Bitcoin holdings are valued at $55 billion, indicating a strong asset base [2]. Group 2: Market Sentiment - The "Coin Market Cap Fear and Greed Index" recently indicated extreme fear levels, the highest in over two years, reflecting negative sentiment in the crypto market [3]. - Despite the fear, MSTR's long-term bullish outlook on Bitcoin remains intact, and the recent stock sale raised nearly $1.5 billion, alleviating concerns about forced selling [2]. Group 3: Technical Analysis - MSTR is approaching a critical technical zone, having retraced to the 2025 breakout zone, which is considered an area of demand, and is currently at maximum oversold levels [5]. - A hammer candle formation was observed, suggesting that bullish sentiment may be returning to the stock [5]. Group 4: Investment Outlook - The combination of a historically low NAV, panic-driven market sentiment, and strong technical support creates a favorable setup for a potential rebound in MSTR shares [6].
Stock market today: Dow, S&P 500, Nasdaq step higher as Wall Street regains its footing
Yahoo Finance· 2025-12-02 14:33
US stocks stepped higher on Tuesday, on track for a comeback after a fragile start to December trading that saw sharp losses on Wall Street and in crypto. The S&P 500 (^GSPC) rose 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) added roughly 0.6%. The Dow Jones Industrial Average (^DJI) gained 0.4%. Stocks are regaining ground as markets shake off the risk-off sentiment that dominated on Monday, snapping five-day winning streaks for the three major US indexes. The losses marked a rocky start to Dece ...
Stock market today: Dow, S&P 500, Nasdaq edge higher as Wall Street regains its footing
Yahoo Finance· 2025-12-02 14:33
Market Overview - US stocks showed a cautious recovery with the S&P 500 rising 0.3%, the Nasdaq Composite increasing by approximately 0.5%, and the Dow Jones Industrial Average gaining around 0.3% [1] - The market is attempting to recover from a risk-off sentiment that led to sharp losses at the beginning of December, which is typically a strong month for equities [2] Cryptocurrency Market - Bitcoin traded above $88,000, marking a recovery after a significant drop to as low as $84,000, which was its worst day since March [3] - Shares of crypto-related companies like Coinbase and Robinhood also saw positive movement following their declines [3] Economic Indicators - Investors are closely monitoring economic data as delayed government reports are being released, which may influence expectations for a potential interest-rate cut in December [4] - Current market sentiment is influenced by ongoing concerns regarding inflation, market valuations, and the uncertain returns from AI investments [4] Federal Reserve Expectations - There is a heightened expectation for an interest-rate cut, with markets pricing in an 87% probability for a cut on December 10, a significant increase from mid-November [5] Earnings Reports - Marvell is expected to release its earnings results after market close, with its stock rising in premarket trading due to reports of advanced talks to acquire chip start-up Celestial AI in a multibillion-dollar deal [6] - Other companies like Crowdstrike and Okta are also scheduled to report earnings [6]
Wall Street’s crypto messiah under attack from non-believers
Yahoo Finance· 2025-12-02 14:00
Michael Saylor’s company has hoarded digital coins with a value of $56bn - Ronda Churchill/2025 Bloomberg Finance LP “I’m going to be buying Bitcoin at the top forever,” crypto evangelist Michael Saylor told Yahoo Finance last December. “Just keep buying Bitcoin with your spare capital,” he advised people. “It’s going to appreciate against the dollar forever.” Through Strategy, his company, Saylor has hoarded digital coins with a combined current market value of $56bn (£43bn). He has transformed the bu ...
SOL 1,600% Rally? Cantor Fitzgerald Reveals $1.28M Stake in SOL ETF
Yahoo Finance· 2025-12-02 13:48
Cantor Fitzgerald’s latest Form 13F filing with the US Securities and Exchange Commission (SEC) has revealed that it now holds a position valued at $1.28 million in the Volatility Shares Solana ETF (SOLZ). The filing shows 58,000 shares accumulated in mid‑November and marks the first officially documented exposure the firm has taken toward a regulated Solana‑linked investment product. The purchase follows the SEC clearing a series of Solana exchange‑traded funds (ETFs) in September. Major issuers such as ...
Crypto’s Retail Traders Hit Hard as Strategy ETFs Plunge 80%
Yahoo Finance· 2025-12-02 13:37
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy Inc. — the company once hailed for wrapping crypto exposure into a public stock — is scrambling to calm markets after its shares plunged more than 60% from recent highs, amid a sweeping digital-currency rout. On Monday, Strategy said it had created a $1.4 billion reserve to fund dividend and interest payments, hoping to calm fears that it may be forced to sell Bitcoin if prices fall further. Most ...
Following the Appointment of Sav Persico as Chief Operating Officer, Token Cat Limited Board Approves $1 Billion Crypto Asset Investment Policy
Prnewswire· 2025-12-02 12:15
Core Viewpoint - Token Cat Limited has approved a Crypto Asset Investment Policy to allocate up to USD 1 billion into selected crypto assets, aiming to enhance its asset strategy and resilience amid macroeconomic uncertainty [1][2]. Group 1: Policy Framework - The Board has set an overall allocation limit of up to USD 1 billion for digital asset planning, with deployment occurring in phases based on market conditions and risk assessments [2]. - The initial asset allocation will focus on emerging crypto project tokens with strong growth prospects, particularly in AI, RAW-to-chain initiatives, and token-equity hybrid models [3]. - The Company will adhere to the highest-tier custody standards and will not self-custody acquired crypto assets [3]. Group 2: Governance and Oversight - A Crypto Asset Risk Committee has been established, led by the CFO, to oversee asset allocation, manage risk controls, and report regularly to the Board [4]. - The appointment of Sav Persico as Chief Operating Officer, who has thirty years of experience in crypto and blockchain, is aimed at effectively implementing the new policy [2][5]. Group 3: Strategic Intent - The Company views crypto assets as long-term value reserves rather than speculative tools, focusing on sustainable, long-term growth [5].