Bitcoin Options Worth $7.8B Set to Expire at End of Month on Deribit
Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.
Factbox-IPO market comeback: How recent major US listings fared
The stock has gained nearly 200% since. INSTACART: The San Francisco-based company, which is incorporated as Maplebear Inc, was priced at the top end of the marketed range in its IPO. It raised $660 million at a nearly $9.9 billion valuation in September 2023.
ECB pitches digital euro as response to Trump's crypto push
Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. Trump said he would "promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide" as part of a broader crypto strategy that he sketched out in an executive order issued on Thursday. Cipollone said this would help lure even more customers away from banks and strengthen the case for the ECB to launch its own digital currency in response.
Verizon Tops Wall Street Estimates With Mobile, Broadband Gains
(Bloomberg) -- Verizon Communications Inc. reported fourth-quarter financial results that beat analysts’ estimates, including gains in new mobile-phone and broadband customers. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Almost a Month on Jan. 3
Bitcoin Whales in ‘Accumulation Phase’ After Trump Inauguration: CryptoQuant
Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.
Fink Says US Economic Strength May Bring Rate Hikes in Future
(Bloomberg) -- The strength of the US economy is making BlackRock Inc. Chief Executive Officer Larry Fink wonder if the Federal Reserve may have to resort to increasing interest rates later after easing in the short term.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30Texas HOA Charged With
Boeing Stock Slips as Plane Maker Forecasts Wider-Than-Expected Q4 Loss
Boeing shares are falling in premarket trading after the plane maker said it anticipates reporting a far wider-than-expected fourth-quarter loss following a nearly two-month strike that crippled production.
U.S. lawmakers are light on crypto heading into new Trump era
President Donald Trump’s administration is expected to usher in a boom time for crypto but a Reuters review shows very few members of the incoming congress are invested in bitcoin or other digital currencies. On Thursday, Trump signed an order to create a cryptocurrency working group to open up the regulatory framework, and just days before he took office he launched a new crypto token. But while many Republicans in Congress have pledged to support Trump’s agenda, a Reuters review of the most recent financial disclosures by the 535 incoming members of Congress found that few have made personal investments in crypto: only 13 members of the House and Senate had investments in cryptocurrencies as of their most recent filings.
Emerging Market Currencies Get Relief Rally From Softening Trump Threats
(Bloomberg) -- Emerging-market currencies are gaining during the first week of Donald Trump’s second term, helped by a softer than expected rollout of US tariffs and no new levies on Chinese imports. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for A
Fed's rate-cut view set to test resurgent US stocks rally
The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead. Stocks swooned after the Fed's last meeting in December, when the central bank downgraded its forecast for rate cuts as it braced for firmer inflation this year. The Fed is broadly expected to pause its easing cycle when it gives its monetary policy statement on Wednesday, with investors instead focused on "what would need to happen for them to start talking about resuming the rate cuts," said Angelo Kourkafas, senior investment strategist at Edward Jones.
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