An estimated 197 million people shopped during the five-day holiday weekend from Thanksgiving through Cyber Monday in the United States, but lower than last years record of 200.4 million, an annual survey by the National Retail Federation or NRF shows. However, Black Friday shoppers grew from last year, and remained the most popular day for...
The British pound weakened against most major currencies in the European session on Wednesday, after the Bank of England (BoE) Governor Baily predicted four interest rate cuts in 2025. While speaking at an interview at the Global Boardroom Digital Conference hosted by the Financial Times (FT), the BoE Governor Andrew Bailey said that the policymakers...
Tuttle Capital’s proposal of ten 2x leveraged crypto ETFs, including XRP and Solana, could reshape crypto investment with amplified daily gains or losses.The SEC’s decision on these ETFs, including meme coins like BONK and MELANIA, tests regulatory boundaries amid renewed crypto optimism. Tuttle Capital Management has submitted an application to the United States Securities and...
Geoffrey Kendrick and analysts view Bitcoin’s recent drop as a temporary correction, presenting a prime “buy the dip” opportunity.Strong macro fundamentals, including lower rates and disinflationary trends, reinforce Bitcoin’s long-term bullish outlook despite short-term volatility. Bitcoin’s recent slide below $100,000 has sparked mixed reactions from analysts. While some predict a deeper pullback, Geoffrey Kendrick, global...
MicroStrategy filed Form S-3 to raise funds for expanding its Bitcoin holdings and corporate needs.The company introduced convertible preferred stock to attract investors seeking Bitcoin exposure with reduced volatility. On January 27, 2025, MicroStrategy officially filed a Form S-3 with the Securities and Exchange Commission (SEC) of the United States. This phase represents the company’s...
Ripple boss Brad Garlinghouse disagrees with the establishment of the US digital asset reserve with just Bitcoin; he claims this should be a representation of the industry. However, Garlinghouse’s remark has received massive criticism from some industry key players, including Pierre Rochard and Michael Goldstein. In a previous article, we discussed the possible establishment of a...
At least 15 U.S. states are set to propose ‘Strategic Bitcoin Reserve’ legislation in a major policy shift.Arizona leads with plans to include Bitcoin in public pension funds for diversification and risk mitigation. In a recent development, at least 15 states in the United States have announced plans to submit legislation establishing a “Strategic Bitcoin...
JAKARTA -PT Bumi Resources Minerals Tbk (BRMS) is looking for a loan facility to fund the underground mine construction in Palu, Central Sulawesi. In the information disclosure quoted Monday (2/12), Charles Gobel, Director of Finance of BRMS confirmed that the loan facility will be utilised in 2027. “We project to be able to process ores...
JAKARTA -PT Bank SMBC Indonesia Tbk (BTPN) will offer Shelf-Registration Bond Phase II Year 2024 of IDR 1.39 trillion next week (11-12/12). The entire proceeds of this bond issuance will be used to expand financing distribution. In the short prospectus quoted today (2/12), the bond is said to be split into two series, consisting of...
JAKARTA -PT Bayan Resources Tbk (BYAN) booked market capitalisation increase of 13.80% within the past month. However, PT Bank Central Asia Tbk (BBCA)steadily reigns over Top 10 Market Cap with IDR 1.22 quadrillion. Based on IDNFinancials data today (2/12), BYAN recorded market cap of IDR 652.50 trillion as of November 29, 2024, up from IDR...