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Bitfinex released a report saying that Bitcoin saw a stunning rally last week, after briefly falling to a low of $89,698, before recovering to above $100,000. The rally reached a high of $105,800. The 18.2% rally from peak to trough highlights the relative strength of Bitcoin relative to stocks. The recovery was largely driven by active spot purchases, as evidenced by the significant increase in cumulative spot volume increments. The indicator shows...
On January 8, at a press conference at Mar-a-Lago, US President-elect Donald Trump made a number of shocking statements in just one hour and escalated his rhetoric on sovereignty issues with Canada and other countries. He called for Canada to be admitted as part of the United States through economic means, and did not rule out the use of force to seize the Panama Canal and Greenland. He also demanded that NATO countries increase their defense spending to 5% of GDP. He also vowed that if Hamas di...
On the evening of December 6, 2024, Xiangcai shares announced that the Kunming Intermediate Court recently made a first-instance judgment that in two civil cases in which Yunnan Trust was the plaintiff, Xiangcai Securities was required to bear 56% of the debt of Luo Jing's Zhongcheng Company of about 340 million yuan. This means that the court for the first time found that Xiangcai Securities was at fault in Luo Jing's fraud case. The reporter obtained a number of allegedly Xiangcai Securities r...
Florida Republican Rep. Matt Gaetz made a startling claim Thursday that at least five known assassination squads in the United States are plotting to assassinate Trump. Mr. Gates said he had been told by a senior DHS official that there were five assassination plots against Mr. Trump before his latest assassination attempt on Sunday at the West Palm Beach golf course. "We know that three of them are foreign, two of them are domestic, and...
NVIDIA (NVDA. O) 's stunning rally since the start of last year has finally come to an end, at least in the eyes of New Street Research analyst Pierre Ferragu. Ferragu downgraded NVIDIA to neutral from a buy. He believes NVIDIA's stock price has "fully captured" its valuation after rising 240% last year and 157% this year. The stock fell 0.6% on Friday. NVIDIA's gains this year are the second-largest among S & P 500 stocks, behind another AI concept, Super Micro Computer Inc. NVIDIA's market val...
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