Overview of Major Overnight Developments on December 9
21:00-7:00 Keywords: Strategy, BitMine, Paradigm, Hassett 1. White House economic advisor Hassett: Interest rates should continue to be lowered; 2. Strategy purchased 10,624 bitcoin last week for $962.7 million; 3. BitMine increased its holdings by about 138,400 ETH last week, with total holdings exceeding 3.86 million ETH; 4. Paradigm invested $13.5 million in Brazilian stablecoin startup Crown; 5. Trump: A single-rule executive order on artificial intelligence will be issued this week; 6. Traders expect the cumulative rate cut by the Federal Reserve to be less than 75 basis points by the end of 2026; 7. The US CFTC has launched a pilot program allowing BTC, ETH, and USDC to be used as collateral in the derivatives market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
After doubling their stock prices this year, Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) have been downgraded by Jefferies: Their valuations are now considered too high.
Jefferies downgraded refiners Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) from "Buy" to "Hold," with target prices of $401 and $413, respectively.
Crypto prices
More
