{
}
US stock futures are slightly up ahead of a shortened trading session before the Christmas holiday, with the S&P 500 rising 0.1% and Nasdaq gaining 0.2%. After recent gains, markets are reassessing interest rates as the Fed navigates inflation challenges. Nvidia continues to attract attention, having surged over 3.5% recently, with its stock up 180% this year.
[Bloomberg]
Institutional crypto investors are undeterred by recent market sell-offs, with inflows into digital asset investment products totaling $308M last week, despite significant outflows of $1B. Bitcoin led the way with $375M in net inflows, while Ethereum attracted $51M, driven by whale activity. Meanwhile, the new meme coin Wall Street Pepe ($WEPE) has raised over $35M in its presale, positioning itself as a potential competitor to established tokens.
In 2024, the crypto world witnessed bizarre events, including the FBI creating a fake token to catch fraudsters, a memecoin developer suffering severe burns during a stunt, and a 13-year-old rug-pulling his own token live. Justin Sun made headlines by eating a $6.2 million banana artwork, while hackers humorously demanded a ransom in either Monero or French baguettes from Schneider Electric. Other oddities included a user mistakenly paying a $90,000 fee for a $2,000 Ether transfer and crypto influencers settling disputes in the boxing ring.
Bitcoin has faced a correction from its recent all-time high of $108,135, dropping to around $92,500, which has shifted investor focus to altcoins. VanEck asserts that an altcoin season began on November 27, supported by the Altcoin Season Index, which indicates strong performance among top altcoins. Analysts suggest that as capital flows into the market, altcoins, particularly in decentralized finance, gaming, and NFTs, are poised to outperform Bitcoin.
Markets will close at 1:00 pm Eastern time today and will remain closed on Wednesday in observance of traditional Christmas celebrations on Wall Street. This closure reflects the customary practices during the holiday season.
MicroStrategy has proposed a significant increase in authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan, aiming to raise $21 billion in equity and $21 billion through fixed-income instruments. This move is designed to enhance its role as a Bitcoin Treasury Company and address governance challenges related to digital assets. Shareholders are urged to consider the implications of potential dilution and the alignment of the company's Bitcoin-centric strategy with their interests.
U.S. stock index futures showed little movement ahead of a shortened trading session on Christmas Eve, with the Dow flat and the S&P 500 and Nasdaq slightly up. Trading volumes are expected to be light, raising the potential for choppy markets as Wall Street enters a historically strong period. Despite recent gains, concerns linger over high valuations and the impact of interest rate policies on growth stocks.
2024 marked a record year for financial markets, driven by significant central bank actions, including rate cuts from the ECB and the Fed. Key performers included U.S. and European stock indices, technology stocks, and cryptocurrencies, with Bitcoin up 125% and Dogecoin soaring 250%. As the year closes, investors eye a promising yet uncertain landscape for 2025, focusing on central bank policies and technological advancements.
MicroStrategy is set to hold a special shareholder meeting to approve proposals aimed at enhancing its Bitcoin strategy, including increasing its authorized shares from 330 million to 10.33 billion. The company currently owns 439,000 Bitcoins, valued at approximately $42 billion, and aims to sustain its aggressive acquisition pace despite recent stock declines. Executives remain committed to the Bitcoin-centric approach, anticipating future growth and a more favorable legal environment in the U.S.
USA
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
US stocks edge higher as markets prepare for Christmas break
13:42 24.12.2024
IRS rules cryptocurrency staking rewards are taxable amid market fluctuations
13:35 24.12.2024
institutional investors boost crypto despite market sell-off and whale activity rises
13:13 24.12.2024
bizarre crypto stories from 2024 highlight strange events and antics
United States Dollar
Schneider Electric S.E.
USA
Ben Armstrong
Miles Mikolas
Justin Sun
David Hoffmann
Judith Ansems
Charlyn Ho
Kain Warwick
Show more
13:00 24.12.2024
Altcoin Season Emerges as Bitcoin Struggles Below 100000 Mark
12:30 24.12.2024
markets to close early for christmas observances on wall street
12:03 24.12.2024
MicroStrategy proposes major share increase to support Bitcoin investment strategy
12:03 24.12.2024
us stock futures steady ahead of christmas trading session
11:56 24.12.2024
record year for financial markets driven by central bank policies and technology
Euro
United States Dollar
Tesla, Inc.
NVIDIA Corporation
Coinbase Global, Inc.
MicroStrategy Inc
Broadcom Inc.
Palantir Technologies Inc.
USA
IND
DEU
Donald Trump
Elon Musk
David Sachs
Paul Atkins
Show more
11:42 24.12.2024
MicroStrategy seeks shareholder approval to expand Bitcoin holdings and capital strategy
11:29 24.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Global Trade Developments
Stock Market Updates
Cryptocurrency Trends
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Supply Chain Management
CEO Changes
Workplace Trends
Blockchain Infrastructure Development
Central Bank Actions
Central Banks and Digital Currencies
Retail and Consumer Goods
Private Equity Deals
Global Financial Events
Government Economic Policies
Crypto Policies and Governance
Banking Regulations
Countries:
Companies:
Apple Inc.
Foxconn Technology Co., Ltd.
NVIDIA Corporation
Nasdaq 100 Jun 25
Boeing Co
Airbus SE
Amazon.com, Inc.
Oracle AI USD
AppLovin Corp.
Tesmec S.p.A.
DeepSeek R1 USD
LG Electronics Inc.
Tesla, Inc.
MARA Holdings, Inc.
Cleanspark Inc
Citigroup Inc.
Vodafone Idea Limited
JM Financial Limited
Fuse Science, Inc.
Arla Foods A.M.B.A.
Currencies:
People: