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Donald Trump, who previously labeled cryptocurrencies a “scam,” is now seen as a potential catalyst for the industry’s mainstream acceptance. As crypto advocates anticipate a second Trump administration, discussions arise about the future of digital currencies, including the appointment of Paul Atkins as SEC chair and the possibility of Bitcoin reaching $100,000.
Super Micro Computer has received a Nasdaq extension until February 25, 2025, to file its overdue financial reports, allowing its stock to remain listed during this period. The company, facing potential delisting due to late filings and past auditor changes, expects to submit the necessary documents by the deadline. Despite recent challenges, including a significant drop in stock value, Super Micro anticipates a 67% sales growth to approximately $25 billion in fiscal 2025, driven by demand for Nvidia-based AI computer clusters.
Super Micro Computer Inc. has received an extension from Nasdaq until February 25 to comply with listing rules, reducing the risk of delisting. The company must file its financial report for the fiscal year ending June 30 and its quarterly report for the period ending September 30, along with all other required filings.
Bitcoin is currently trading close to $100,000, buoyed by a week of favorable crypto-related appointments in the Trump administration. In today's CNBC Crypto World, Adam Sullivan, CEO of Core Scientific, shares insights on the company's Q3 earnings and discusses potential regulatory changes under the upcoming administration.
Ripple's stablecoin, RLUSD, is anticipated to launch by the end of 2024, despite potential delays due to holiday schedules. CTO David Schwartz expressed optimism about meeting this target, emphasizing the importance of regulatory approval from the New York State Department of Financial Services. Meanwhile, Ripple's XRP token has experienced significant volatility, recently retracing 15% after a surge of over 400% following Donald Trump's primary election victory. The upcoming inauguration of Trump and the appointment of Paul Atkins as SEC Chair may set the stage for further growth in 2025.
Ethereum has surged past $4,000, driven by over $1 billion in ETF inflows in the past week, marking a 65% increase in price since Donald Trump's presidential win. Institutional interest, particularly from BlackRock, has significantly boosted market activity, resulting in $11 million in liquidations. This rally follows Trump's pro-crypto appointments, enhancing market optimism.
Former Congressman Billy Long has been nominated by President-elect Donald Trump to lead the IRS, prompting mixed reactions from lawmakers and the tax community. While some express concerns over Long's ties to the Employee Retention Tax Credit industry, others highlight his congressional experience as a potential asset for the agency's independence and reform efforts. If confirmed, Long would replace current IRS Commissioner Daniel Werfel, who was appointed by President Biden.
Bitcoin has surpassed the $100,000 mark for the first time, driven by long-term holders who control 74% of the supply, amounting to over 14.5 million BTC. This surge has increased Bitcoin's market dominance to 57%, solidifying its status as the largest cryptocurrency and the seventh most valuable asset globally, with a market cap exceeding $2 trillion. Key developments, including the appointment of former SEC commissioner Paul Atkins as chair and remarks from Federal Reserve Chair Jerome Powell likening Bitcoin to gold, have further fueled market interest.
Bitcoin has surged past $100,000, driven by institutional demand and the launch of spot Bitcoin ETFs, pushing its market cap close to $2 trillion. Following this momentum, Ethereum is targeting $10,000, bolstered by strong staking rewards and institutional interest, with analysts noting key technical indicators that suggest a potential breakout. Regulatory changes in the U.S. could further enhance Ethereum's position in the market.
XRP, the cryptocurrency of the Ripple network, surged to USD 2.84 on December 3, marking a 400% increase in a month, driven by positive regulatory developments, Ripple's corporate growth, and increased technological adoption. The outlook for Q1 2025 hinges on the resolution of the SEC litigation, which could provide regulatory clarity and boost demand, potentially pushing XRP above USD 5. However, ongoing regulatory uncertainty and market fluctuations may lead to price stagnation or decline.
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