finance
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As of October 2024, Ross Stores, Inc. ($ROST) has surpassed MicroStrategy ($MSTR) in market capitalization, showcasing the strength of the retail giant against the tech-focused company. Ross Stores, a major player in the retail space, now boasts a market cap of $49.01 billion, driven by its strong presence in the discount retail sector. The company’s…
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Approximately 12% of Bitcoin is now held by major institutions, including ETFs, private and public companies, governments, and mining companies. This reflects growing institutional confidence.
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Ardizor, a self-proclaimed “research wizard,” predicts Bitcoin’s bull market will start in October 2024, following historical price cycles related to halving events. He suggests that post-halving, Bitcoin typically sees significant price increases, potentially attracting more mainstream participants and interest in the crypto market.
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On August 15, 2024, Defiance ETFs introduced the first-ever leveraged ETF focused on MicroStrategy, known as the Defiance Daily Target 1.75X Long MSTR ETF (MSTX). This ETF is designed to offer investors 1.75 times the daily percentage change in MicroStrategy’s stock price. Given MicroStrategy’s substantial Bitcoin holdings, this ETF provides a unique opportunity for investors…
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Apple’s iOS 18.1 opens the iPhone’s NFC chip to third-party developers, enabling secure Bitcoin payments. This update integrates open-source protocols into Apple’s ecosystem, allowing seamless #cryptocurrency transactions on iPhones.
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Major banks like Morgan Stanley, Goldman Sachs, and Wells Fargo are embracing Bitcoin ETFs, with Morgan Stanley leading the way by allowing advisors to recommend them to clients.
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As the Federal Reserve approaches its September 18th meeting, market sentiment has shifted, with traders now predicting a 50 basis point (bp) rate cut. The shift in expectations follows economic data suggesting that the central bank may need to ease monetary policy to manage inflation and stimulate growth. Currently, the Fed’s target interest rate stands…
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MicroStrategy has announced plans to offer $700 million in convertible senior notes due 2028. This private offering will be available to qualified institutional buyers under Rule 144A of the Securities Act. The proceeds will be primarily used to redeem $500 million in existing Senior Secured Notes, which carry a 6.125% interest rate, maturing in 2028.…
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Former President Donald Trump is stepping into the decentralized finance (DeFi) space with the launch of World Liberty Financial, a new cryptocurrency project. Trump made the announcement on X (formerly Twitter), stating that the project will officially launch next Monday at 8 p.m. during a Space hosted on the platform. The former president’s pivot towards…
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The 1000-day Bitcoin trading strategy aims to capitalize on Bitcoin’s cyclical price movements around halving events. It involves accumulating Bitcoin approximately 500 days before halving to benefit from lower prices and holding through the subsequent 500 days of potential price increases. Historical data supports its effectiveness, but caution and research are crucial due to inherent…
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Ghana has inaugurated its first gold refinery in Accra, a joint venture between an Indian company and the Ghanaian central bank. The refinery aims to enhance local gold value, curb smuggling, and create jobs.
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Recent complaints allege that Oxford Gold Group persuaded people to convert retirement savings into gold, failing to deliver assets or communicate effectively. Concerns arise regarding the firm’s reliability and transparency.
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