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Tag Archives: Story of the Day

Veteran Strategist Expects S&P 500 to Hit 5000 by 2024-End

His positive outlook primarily stems from his belief that the Federal Reserve has concluded its interest rate hikes. Over the past 20 months, central bankers have implemented a 525 basis points increase to counter inflation, a measure that negatively impacted stocks in 2022. However, with inflation significantly cooling from the highs observed last summer, as reflected in the Consumer Price Index report, which indicated a year-per-year price increase of just 3.2% in October, below the...

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Crypto Exchange Bullish Led by Former NYSE President Buys 100% of CoinDesk

100% of Coindesk stocks were acquired by Bullish, a cryptocurrency exchange run by former NYSE President. Just recently it has been revealed that Bullish, a crypto exchange that is led by former NYSE President Tom Farley, has bought 100% of CoinDesk stocks. It is known that it was an all-cash deal. However, financial terms remain undisclosed. Coindesk’s Deal and Strategic Implications Bullish plans to fuel CoinDesk’s global expansion and support the growth of its media, events, and...

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OpenAI Ousts CEO Sam Altman, Triggering 10% Plunge in Worldcoin (WLD) Value

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements,...

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BlackRock Files for Ethereum Spot ETF with SEC

Per the S-1 filing submitted to the SEC, the iShares Ethereum Trust is designed to reflect the performance of the Ethereum. BlackRock Inc (NYSE: BLK), a top investment asset management firm, has filed for a spot Ethereum Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This comes only a week after it registered the ETF dubbed iShares Ethereum Trust with Delaware’s Division of Corporations, and almost six months after filing for Bitcoin equivalent,...

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Fake News on BlackRock’s iShares XRP Trust Sends Price Briefly to $0.74 Leading to High Liquidation

For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake. Amid the ongoing Bitcoin (BTC) and Ethereum (ETH), exchange-traded funds (ETFs) in the United States, the crypto community has questioned why the Ripple Labs-backed XRP has not been included and it has legal clarity. On Monday, reports circulated on the X platform that BlackRock Inc (NYSE: BLK) had filed to list an XRP...

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Alphabet Divest Stake in Robinhood as Crypto Trading Faces Headwinds

Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ: HOOD). This decision follows Alphabet’s earlier reduction of its stake in the company by nearly 90%, leaving it with approximately...

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Bitcoin Price Targets $40,000 as Traders Engage in Tough Fight

Bitcoin traders have engaged in a tough battle as BTC price shoots to $37,000. The Bitcoin futures open interest has shot to a seven-month high. Earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move to $37,000 levels and is currently hovering around those levels. After significant overnight gains, Bitcoin price is making a determined push towards the $40,000 threshold. Surging by 6.6% in November and achieving nearly a 30% gain in October, the...

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Bitcoin Surges to New 18-Month High, Price Nears $37K

As the Bitcoin market continues to surprise with its resilience and unexpected surges, investors and enthusiasts eagerly await regulatory developments. In a surprising turn of events, Bitcoin (BTC) price has soared to new heights, reaching an 18-month high and inching closer to the $37,000 mark. The sudden surge caught many market participants off-guard, with traders expressing both excitement and bewilderment at the unexpected strength of the rally. Bitcoin Price Rally and Market...

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Analysts Identify 8-Day Window for 12 Spot Bitcoin ETF Approvals

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of...

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Microsoft (MSFT) Shares Soar to Record High amid OpenAI-Related Optimism

Market analysts believe the new updates released by OpenAI significantly contributed to the rise of Microsoft (MSFT) shares.  Microsoft Corporation (NASDAQ: MSFT), a global technology powerhouse, witnessed a remarkable surge in its share price, achieving unprecedented heights for the first time since 2021. On November 7, the company’s shares ended the trading session at a record high of $360.53, representing an impressive daily increase of 1.12%. The surge propelled the company’s market...

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