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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bitcoin exchange-traded funds in the US now hold over 1 million tokens, representing about 5% of the total supply, comparable to the holdings of Satoshi Nakamoto. A potential new buyer may emerge as a Senate ally of Donald Trump proposes a bill for the Federal Reserve to sell gold to acquire 1 million Bitcoin for a government stockpile. Meanwhile, MicroStrategy, led by Michael Saylor, holds approximately $38 billion in Bitcoin and continues to raise capital for further purchases.
Saudi Arabia's holdings of US Treasuries reached their highest level since February 2020, accounting for nearly 35% of the foreign assets held by the Saudi Central Bank (SAMA) as of October. This marks a significant increase in the country's investment in US government debt amid changing economic conditions.
Donald Trump's warning to BRICS nations about imposing 100% tariffs for moving away from the US dollar is deemed unrealistic by the Global Trade Research Initiative (GTRI). They suggest India should prioritize developing a local currency trading system rather than adopting a BRICS currency, emphasizing the need for a transparent financial infrastructure to navigate global trade dynamics effectively.
Ghana's parliament is unlikely to approve a provisional budget before the December 7 general election, according to former officials and experts. This situation poses the risk of an unprecedented government shutdown early next year.
Dalal Street experienced a nearly 1% gain for the week ending November 29, buoyed by easing geopolitical tensions, a strong BJP victory in Maharashtra, and falling oil prices. The market is expected to remain rangebound with a positive bias, focusing on the upcoming RBI policy, US jobs data, and PMI numbers, while the BSE Sensex rose to 79,803 and the Nifty 50 to 24,131. Stability will hinge on economic data, with investors keenly awaiting the RBI's monetary policy decisions.
Russian President Vladimir Putin has approved a military-focused budget for the years 2025-2027. This decision was made public through a document published on the official legal acts website. The budget reflects a continued emphasis on military spending in the coming years.
Britain's banks are increasingly setting aside funds to cover potential bad loans due to uncertainty surrounding the country's unreliable labor market data. The UK’s Office for National Statistics has faced criticism for its inability to provide accurate employment trends, complicating lenders' efforts to assess default risks based on key economic indicators.
Foreign Portfolio Investors (FPIs) continued their selling trend in November, withdrawing Rs 21,612 crore, contributing to a total net outflow of Rs 15,019 crore in 2024. Future foreign investment flows into Indian equity markets will depend on various factors, including U.S. policies, inflation, interest rates, and geopolitical developments, according to Himanshu Srivastava from Morningstar Investment Research India.
The commodities market showed mixed results last week, with crude oil prices dropping 3.6% amid fears of a global economic slowdown and easing geopolitical tensions. Aluminium fell 2.1% due to weak demand from China, while gold declined 1.6% but rebounded on lower US bond yields, maintaining a bullish outlook with potential prices rising to Rs 77,000 per 10 grams.
Americans traveling to Europe in 2025 may benefit from favorable euro-U.S. dollar exchange rates, as the euro is expected to weaken further, potentially reaching parity with the dollar. Economic policies under President-elect Trump, including tariffs, could bolster the dollar while impacting European exports and interest rates. This shift may enhance American tourists' purchasing power significantly, making travel more affordable.
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MicroStrategy Inc
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Satoshi Nakamoto
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16:00 01.12.2024
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10:20 01.12.2024
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Brendan Mckenna
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James Reilly
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16:00 30.11.2024
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