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Bitcoin ETFs experienced a record single-day outflow of $680 million on December 19, ending a 15-day inflow streak. Ethereum ETFs also faced $60 million in outflows, breaking an 18-day positive trend. Fidelity and Grayscale funds led the outflows, while BlackRock's ETFs remained stable.
UBS has reaffirmed its Buy rating for FedEx Corporation, the global leader in express shipping. The company's sales are primarily derived from mail and express shipping services (46.6%), small package delivery (39.1%), large package delivery (10.3%), and other services (4%). Notably, the United States represents 72.4% of FedEx's net sales.
UBS has reaffirmed its Buy rating for FedEx Corporation, the global leader in express shipping. The company's sales are primarily derived from mail and express shipping services (46.6%), small package delivery (39.1%), large package delivery (10.3%), and other services (4%). Notably, the United States represents 72.4% of FedEx's net sales.
UBS has reaffirmed its Buy recommendation for FedEx Corporation, the global leader in express transportation. The company's sales are primarily derived from courier and express services (46.6%), small parcel delivery (39.1%), large parcel delivery (10.3%), and other services (4%), with 72.4% of sales generated in the United States.
UBS has maintained a 'Buy' rating for FedEx, setting a target price of $311. Analyst Thomas Wadewitz noted that the anticipated spin-off of the freight business is expected to unlock significant value through a higher independent valuation, positively impacting the shares.
Binance.US plans to restore USD services by early 2025, responding to user demand after suspending fiat trading in June 2023 due to regulatory challenges from the SEC. Acting CEO Norman Reed highlighted the importance of these services for operational recovery and user experience. Despite ongoing legal scrutiny, the exchange aims to enhance compliance, expand product offerings, and maintain competitive trading fees, positioning itself as a key player in the evolving crypto landscape.
Bitcoin experienced a significant price drop, falling from over $105,000 to below $96,000, following a record $671.9 million net outflow from Bitcoin ETFs on December 19. This reaction was triggered by Fed Chair Powell's comments on interest rates and inflation, leading to heightened investor fear. Ethereum ETFs also faced outflows, with $60.5 million withdrawn, contributing to a 9% decline in ETH's price.
UBS has upgraded FedEx to a 'Buy' rating with a target price of $311, citing the anticipated spin-off of its freight business, which is expected to unlock significant value through a higher independent valuation. The lowered earnings hurdle for 2025 is also seen as beneficial for the stock.
XRP Coin is making a significant return to Binance after months of uncertainty due to legal battles with the SEC. This relisting is expected to enhance liquidity, boost prices, and restore confidence in Ripple, signaling a potential shift in the regulatory landscape for cryptocurrencies in the U.S.As XRP reenters the market, traders and investors are keenly watching its performance, marking a pivotal moment for both Ripple and the broader crypto community.
The SEC has approved Bitcoin and Ethereum index ETFs from Franklin Templeton and Hashdex, enhancing institutional access to these cryptocurrencies. Franklin Templeton's ETF will trade on the Cboe BZX Exchange, while Hashdex's will be available on the Nasdaq. This approval follows previous applications and delays, with the SEC emphasizing compliance with investor protection regulations. Speculation arises that other asset managers, like BlackRock, may soon introduce similar products amid significant market volatility, which has seen Bitcoin and Ethereum prices drop sharply.

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