Investors have begun to lose confidence in the Trump Media stock following its reported third-quarter loss totaling to $54.8 million. Can the stock recover from the loss incurred? Summary Trump Media’s stock (DJT) remains under pressure after a steep 70% decline from its previous high, reflecting investor doubts about its ability to recover from mounting
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors rally on back of US Gov’t reopening progress; BTC at $106,000 ZEC cools off after parabolic run to
Key Takeaways Spot gold price broke above $4,100/oz, the first time since October 27. The surge reflects continued investor interest amid economic uncertainty and debt concerns. Spot gold surpassed $4,100 per ounce today, reaching this milestone for the first time since October 27. The precious metal, which serves as a key safe-haven asset during periods
Hong Kong is preparing to issue a new batch of government-backed digital green bonds, deepening its move into blockchain-based finance as it tries to position itself as a leading global hub for tokenized assets. The offering, Hong Kong’s third digital bond sale since 2023, will be denominated in US dollars, euros, offshore yuan and Hong
Rumble (RUM) shares jumped 21% in pre-market trading after saying it agreed to buy AI and high-performance-computing firm Northern Data AG (NB2), and stablecoin issuer Tether committed to buying up to $150 million of GPU services from the combined company. Longboat Key, Florida-based Rumble said it expected the all-share acquisition to be complete in the
Key Takeaways Strategy purchased 487 Bitcoins for $49.9 million at an average price of $102,557 per Bitcoin. The company continues to increase its corporate Bitcoin holdings through regular acquisitions. Strategy, a publicly traded business intelligence firm, acquired 487 Bitcoin for $49.9 million at an average price of $102,557 per Bitcoin last week. The purchase reinforces
CryptoQuant analyst GugaOnChain announced in his latest report that large investors (whales) have recently doubled their Bitcoin holdings and that this move has played a decisive role in keeping the Bitcoin price above $100,000. CryptoQuant: Bitcoin Whales Double Their Holdings, Price Holds Above $100,000 The report notes that accumulation in whale addresses has accelerated in
Bitcoin (BTC) and altcoins started the new week higher. Expectations and news of the end of the nearly 40-day US government shutdown were instrumental in this rise. While the uncertainty regarding the FED’s interest rate decision is expected to disappear with the end of the market shutdown and the rise is expected to continue, CoinShares
Japan’s largest financial institution, Mitsubishi UFJ Financial Group (MUFG), has increased its holdings in MicroStrategy (MSTR). It reaffirms growing institutional confidence in the Bitcoin linked software firm. According to recent SEC filings, Mitsubishi UFJ Asset Management Co. Ltd., the asset management arm of MUFG. It raised its stake in MicroStrategy by 15.9% during the second
Binance founder Changpeng “CZ” Zhao has cautioned users against purchasing social media accounts that he follows. Saying he will unfollow any account discovered to have been sold. The warning came after growing reports that X (formerly Twitter) accounts followed by CZ. Traders were trading those for thousands of dollars due to the influence attached to