Bitcoin ETFs Witness Third Highest Outflow Since Launch, the Other Two Times Foreshadowed Price Bottoms
Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two times the ETFs saw outflows of over $400 million was on Nov. 4 ($541.1 million), just prior to the U.S. election, and May 1 ($563.7 million). On Nov. 4, bitcoin bottomed around $67,000 before going on a tear all the way to over $93,000.
Read MoreStock Market News
The Trump trade looks to have temporarily run out of steam.
U.S. stock futures were pointing to losses early on Friday, continuing a drop started the previous day by producer-price inflation data and comments from Federal Reserve Chair Jerome Powell.
Dow Jones Industrial Average futures were down 216 points,
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Read MoreMultiple States Sue SEC Over Cryptocurrency Exchange Regulations
TLDR:
- Kentucky leads multi-state lawsuit against SEC over crypto enforcement
- Lawsuit claims SEC overstepped bounds in regulating crypto exchanges
- DeFi Education Fund joins state AGs in challenging SEC’s authority
- Suit invokes major questions doctrine and states’ rights arguments
- Timing coincides with expected leadership change at SEC under Trump
A coalition of state attorneys general,
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Read MoreUS-India leadership to drive job creation and economic growth, says John Chambers
At the Global Leadership Summit, John T. Chambers, Former Executive Chairman of Cisco, shared his views on the potential impact of the new Trump administration on global growth, especially amid the current economic environment. He pointed to the strong response of the US stock market to the election results, highlighting Trump’s focus on economic issues,
Read More3 High-Demand Tech Stocks Fueling the Metaverse
Advancements in technologies like extended reality (XR), AI, machine learning, IoT, 5G, edge computing, blockchain, and digital twins are converging to create immersive industrial environments. These innovations are driving the shift from Industry 4.0 to the industrial Metaverse, enabling virtual factories and digitalized manufacturing ecosystems.
Amid this transformation, it could be wise to consider high-demand tech stocks such as NVIDIA Corporation (NVDA),
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Read MoreThe Burst
5 Reasons Buffett Bet Big On Fast Growth Stock
Snowflake (SNOW), a data warehouse built for the cloud, is a fully managed software service that offers a pay-as-you-go pricing model. Snowflake’s architecture handles all types of data, including structured, semi-structured, and unstructured data.
With the world rapidly changing to online data, Snowflake has been able to adapt to this change and provide its services through the internet.
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Read MoreThe Ivy
Alert: 42% Upside on Global Brokerage Firm?
Interactive Brokers is a global brokerage firm that offers a wide range of investment services to retail and institutional investors. It is known for its low-cost trading and tech-heavy investment model. By leveraging software automation, it keep commissions very low, and offers services to a wide range of investors, including those who are on a budget.
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