Gold prices are surging as demand for physical gold increases, with significant interest in the US Federal Reserve’s gold reserves at Fort Knox, last inspected in 1974. Elon Musk and Senator Rand Paul have sparked discussions about transparency regarding these holdings. Meanwhile, the Swiss National Bank retains about 1,000 tons of gold, with some stored abroad, raising questions about the location and accessibility of central bank reserves.
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0 posts last weekWall Street Gains Amid Tariff Concerns and Economic Data Releases
U.S. stocks are poised for a weekly gain, with the S&P 500 up 1.47% and the Nasdaq rising 2.58%, marking its largest weekly gain since December. Retail sales fell 0.9%, raising concerns over consumer spending amid tariff uncertainties, while President Trump hinted at potential tariffs on BRICS nations. Global markets remain focused on the implications of U.S. trade policies and the Federal Reserve’s interest rate decisions.
read moreMoonPay Partners with Shots Podcast Network for Major Sponsorship Deal
MoonPay has secured a multi-year partnership with Shots Podcast Network, becoming the exclusive crypto partner for popular shows like “This Past Weekend with Theo Von” and the “Full Send Podcast.” The deal, valued in the mid-seven figures, includes read-in ads across the network and the appointment of Shots CEO John Shahidi as a creative advisor to enhance content and distribution efforts.
read moreStock Market Closure on Inauguration Day and Martin Luther King Jr Day
U.S. stock markets, including the Nasdaq and New York Stock Exchange, will be closed on January 20 for Martin Luther King Jr. Day, coinciding with Donald Trump’s Inauguration Day. Bond markets will also close on this holiday, with all markets reopening on January 21. This overlap has occurred only three times previously during second-term inaugurations.
read moreTrump’s Executive Order to Enable Banks to Custody Bitcoin and Crypto
Donald Trump is set to prioritize cryptocurrency regulation upon taking office, with plans to issue executive orders that may allow U.S. banks to hold Bitcoin and other digital assets. This initiative aims to address de-banking issues and revoke existing accounting rules that classify digital assets as liabilities. A recent private event at Mar-a-Lago gathered tech and crypto leaders to discuss these policies, signaling a potential shift towards a more collaborative relationship between the government and the tech industry.
read moreCrypto Advocate Calls for Investigation into Operation ChokePoint 2.0
John Deaton, a prominent XRP advocate and lawyer, is rallying support for an investigation into “ChokePoint 2.0,” a government initiative aimed at restricting banking access for the crypto industry. He argues that this initiative undermines free market principles and calls for accountability from unelected officials. Deaton’s appeal has gained traction within the crypto community, with notable figures and organizations, including Coinbase, backing the push for transparency regarding the FDIC’s actions.
read moreJohn Deaton Proposes Investigation into Alleged Operation Chokepoint 2.0
Pro-crypto lawyer John Deaton has offered to lead an investigation into the alleged Operation Chokepoint 2.0, which purportedly aimed to restrict crypto companies’ access to traditional banking. He emphasized the need to challenge such actions to prevent regulatory overreach that stifles innovation and competition. Deaton, known for his role in Ripple’s legal battle with the SEC, stated he would accept the position without salary, prioritizing the truth over personal gain.
read moreTrump Takes Credit for Bitcoin Surge as Pro Crypto Administration Forms
Donald Trump celebrated Bitcoin’s surge to $100,000, claiming credit for the rally following his election victory. His administration’s pro-crypto stance is bolstered by the nomination of Paul Atkins to lead the SEC, signaling a shift towards favorable regulation for digital assets. Other key figures in Trump’s cabinet also support cryptocurrencies, emphasizing their potential to engage younger investors and foster innovation.
read moreTrump Appoints David Sacks as White House AI and Crypto Czar
President-elect Donald Trump has appointed David Sacks as the ‘White House AI and Crypto Czar’ to oversee policy initiatives in artificial intelligence and cryptocurrency, marking a shift in the U.S. approach to these technologies. Sacks, a venture capitalist and Trump supporter, will work on regulatory clarity for the crypto industry and establish communication with federal regulators. Additionally, Trump has named Paul Atkins, a former SEC commissioner, to lead the agency, emphasizing a need for common-sense regulations in the evolving digital asset landscape.
read moreBitcoin Surge Prompts Bernstein to Recommend Buying Digital Assets Immediately
Bitcoin has surged to an all-time high following Donald Trump’s election victory, prompting Bernstein analysts to recommend clients invest in digital assets immediately. They believe the crypto market has significant growth potential, especially with a likely shift to a pro-crypto regulatory environment under Trump’s administration. Institutional interest is also rising, as evidenced by BlackRock’s Bitcoin ETF surpassing its gold counterpart in assets.
read moreBernstein Analysts Recommend Immediate Investment in Crypto Amid Bull Market
Bernstein analysts are urging investors to allocate to crypto immediately, declaring the onset of a bull market following Bitcoin’s surge to nearly $85,400. With a pro-crypto regulatory environment anticipated under Trump, they predict Bitcoin could reach $200,000 by 2025. Investors are encouraged to explore various avenues for crypto exposure, including ETFs and public miners.
read morePeanut the Squirrel Coin Surges Amid Social Media and Political Backlash
Peanut the Squirrel (PNUT), a Solana-based meme coin, surged to $150 million in trading volume after public outrage over the euthanization of Peanut by New York authorities. The story gained traction when Elon Musk criticized the decision on social media, further fueling interest in the coin. Despite an initial peak price of $0.14, PNUT’s market cap has since dropped to $49 million, with the price stabilizing at $0.04 as early investors took profits.
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