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Bitcoin's price briefly fell below $92,000, marking a 10% decline from its all-time high of $104,000, leading to over $1 billion in liquidations within 24 hours, primarily from long positions. However, it quickly rebounded to $96,500, indicating strong demand despite market volatility. Altcoins like Solana, Ethereum, and Dogecoin also showed resilience, recovering swiftly after the dip.
Private credit lenders are gearing up for a significant increase in transaction sizes and a surge in mergers and acquisitions next year. Executives from Blackstone Inc. and Blue Owl Capital Inc. emphasize the importance of achieving scale and providing diverse credit solutions to clients. Michael Zawadski, Blackstone's global chief investment officer, highlighted this focus during Bloomberg Intelligence’s 2025 credit outlook conference.
Sixth Street Partners is aiming to raise at least $4 billion for its latest opportunities fund, Sixth Street Opportunities Partners VI. The firm has begun preliminary discussions with potential investors and plans to implement fees based on invested capital, aligning with recent trends in the industry.
A cryptic post from Keith Gill, known as Roaring Kitty, reignited interest in meme stocks, leading to significant gains for GameStop Corp. and AMC Entertainment. GameStop shares surged by as much as 14%, while AMC jumped 13%, prompting a volatility halt in trading.
Solana-based meme coin GME surged 65% after GameStop champion Keith Gill, known as “Roaring Kitty,” posted a cryptic message on X, which also led to a 15% increase in GameStop shares and trading halts due to volatility. Gill's influence remains strong following his pivotal role in the 2021 GameStop rally, which saw the stock skyrocket 10,000% and prompted congressional hearings on retail trading practices.
Traders are beginning to hedge against a potential Bitcoin pullback following its record surge past $100,000. There has been a notable increase in demand for put options, particularly those with strike prices of $95,000 and $100,000, as well as in the $75,000 and $70,000 ranges.
Goldman Sachs predicts a turnaround for certain lagging stocks by 2025, despite skepticism from the broader market. This outlook contrasts with prevailing doubts among other analysts regarding the potential for recovery in these investments.
Bespoke's 'keep it simple, stupid' investment strategy has outperformed the market, showcasing its effectiveness. The approach emphasizes straightforwardness in portfolio management, which has proven to be a winning formula in the current financial landscape.
Investors are shifting their preferences, favoring private equity over private credit for the first time this year. In the third quarter, 45% of assets were allocated to private equity strategies, compared to 34% for private credit, a notable change from earlier in the year when private credit led with 44%.
Flau'jae Johnson, the LSU basketball star and rapper, has signed an equity deal with the new women's 3-on-3 league Unrivaled, aiming to elevate women's sports. With a net worth of $7 million and a strong social media presence, she continues to thrive in both athletics and music, while also focusing on business education. Johnson admires LeBron James for his business acumen and emphasizes the importance of discipline and time management in balancing her multiple pursuits.
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