Ethereum’s price remains stagnant despite a $500 million influx into spot ETFs and increased purchases by long-term investors, including the World Financial Liberty group. Analysts predict limited price movement ahead of the Pectra upgrade, with market sentiment cautious and dominance dropping to 10%. In a notable development, the University of Austin is launching a $5 million Bitcoin fund, marking it as the first U.S. university endowment to do so, while other institutions like Emory and Stanford have also begun investing in Bitcoin.
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Generated 2 posts last week University of Austin Invests in Bitcoin for Endowment Fund and Research
The University of Austin has committed $5 million to add Bitcoin to its $200 million endowment, partnering with Unchained to enhance education and investment in digital assets. This move reflects a broader trend in academia, as institutions increasingly recognize Bitcoin as a legitimate asset for research and investment, despite concerns over its volatility.
read moreBidzina Ivanishvili Plans Legal Action Against Julius Baer Bank
Bidzina Ivanishvili, the Georgian billionaire and former prime minister, is suing Bank Julius Baer, claiming “political blackmail” after the bank threatened to close his accounts due to his status as a politically exposed person (PEP). His lawyer alleges the bank withheld account information related to hedge fund investments and misinterpreted US sanctions against him. Ivanishvili seeks legal action to enforce the bank’s obligations and obtain compensation.
read moreUS Sanctions Impact Georgian Billionaire’s Lawsuit Against UBS and Credit Suisse
Georgian billionaire Bidzina Ivanishvili is suing UBS over alleged embezzlement by his former advisor, Patrice Lescaudron, who mismanaged around 800 million francs. Recently sanctioned by the US for undermining Georgia’s Euro-Atlantic integration, Ivanishvili’s claims may face delays in enforcement. While a Singapore court ordered UBS to pay USD 461 million, the Bermuda case remains pending, with Credit Suisse previously fined over 600 million dollars for inadequate fraud prevention measures.
read moreNational Day of Mourning for Former President Jimmy Carter on January 9
January 9 will be a national day of mourning for former President Jimmy Carter, who passed away at 100. Federal offices, U.S. stock markets, and the Supreme Court will be closed, while bond markets will operate until 2 p.m. ET. President Biden has ordered flags to fly at half-staff for 30 days in honor of Carter’s legacy as a humanitarian and influential statesman.
read moreAsian shares decline as investors remain cautious amid political uncertainties
Asian shares mostly declined as Tokyo remained closed for New Year’s holidays, with investors cautious amid political uncertainties. Australia’s S&P/ASX 200 rose 0.4%, while South Korea’s Kospi fell nearly 0.1%. U.S. markets closed lower, with the S&P 500 down 0.4% after a year of significant gains driven by strong economic indicators and tech stocks.
read moreAsian shares decline as investors react to political uncertainties and market trends
Asian shares mostly declined as Tokyo remained closed for New Year’s holidays, with investors cautious amid political uncertainties in South Korea and potential policy changes under President Trump. Australia’s S&P/ASX 200 rose 0.4%, while South Korea’s Kospi fell nearly 0.1%, and Hong Kong’s Hang Seng dropped 1.3%. U.S. markets closed lower on the last trading day of the year, with the S&P 500 down 0.4%, despite a strong overall performance in 2024 driven by Big Tech and a growing economy.
read moreUS stock markets to close on January 9 for Jimmy Carter mourning
U.S. stock markets will close on January 9 to honor former President Jimmy Carter, who passed away at 100. Both the New York Stock Exchange and Nasdaq will observe a National Day of Mourning, reflecting a tradition of commemorating the nation’s leaders. President Biden declared this day in remembrance of Carter’s humanitarian legacy.
read moreSwiss Media Struggles with Quality Journalism Amid Year-End Reflections
The end-of-year editions of Swiss Sunday newspapers reveal a troubling state of media, with superficial content failing to engage readers. Political contradictions abound, and while some voices call for deeper analysis, the overall quality of journalism appears diminished, reflecting broader issues within publishing management.
read moreComparative Analysis of Leading Decentralized Trading Platforms for Traders
Maxbid Pro emerges as a standout platform for memecoin leverage trading, catering to both seasoned traders and newcomers. Unlike broader platforms like dYdX and Hyperliquid, it specializes in small to mid-cap memecoins, offering a targeted and transparent trading experience. With advanced tools and a focus on community engagement, Maxbid Pro is positioned to support traders in navigating the evolving memecoin landscape.
read moreBrooklyn DA Closes 40 NFT Scam Sites After Artist Loses 135000 Dollars
Brooklyn’s District Attorney has shut down 40 fraudulent NFT marketplace websites after an 85-year-old artist lost $135,000 to a scammer posing as an art dealer. The scam involved a fake OpenSea-like site, leading the victim to liquidate his retirement funds under false promises of profit. Investigators traced the funds to accounts in Nigeria, highlighting the need for vigilance against phishing attempts and the importance of using established NFT platforms.
read morePutin’s Quest for Peace and Security Amid Global Tensions
Vladimir Putin’s image as a world conqueror contrasts sharply with his portrayal as an anxious leader seeking peace and security for Russia. Christoph Heusgen, a key advisor to Angela Merkel, highlighted Putin’s past calmness regarding NATO expansions and his shift towards a more aggressive stance following regional upheavals. Heusgen warned of potential global economic repercussions if tensions escalate over Taiwan, emphasizing the need for Europe to engage more actively in Africa to counterbalance Russian and Chinese influence.
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