U.S. states could invest up to $23B in Bitcoin reserves, potentially acquiring 247,000 BTC.Rising institutional demand and limited Bitcoin supply could trigger a major price surge. Following VanEck’s late-2024 prediction, the crypto bull market is expected to peak in early 2025, according to a CNF report. A recent VanEck study suggests that U.S. states could...
World Liberty Financial (WLF) has officially unveiled the establishment of its much anticipated macro strategic reserve for multiple assets. The DeFi company has also pledged to embark on groundbreaking partnerships with traditional institutions to enable innovative marketing opportunities, etc. In a recent update, we discussed the possibility of World Liberty Financial (WLF) launching a strategic reserve...
Bitfinex Analysts see Bitcoin as more than a store of value; it is a unique, risky asset.Bitcoin almost reclaimed the $100,000 amid a sharp spike but has since reversed its gains. The price of Bitcoin (BTC) shows signs of recovery after days of experiencing downtrends. In its latest report, Bitfinex highlighted several trends that depicted...
XRP has been predicted to hit double digits this cycle and proceed to reach $110 in the next cycle.Solana (SOL) has also been tipped to reach $387 this cycle once it successfully holds above a crucial support level. The hype around the return of Donald Trump as the US president reset the crypto market into...
Fold and Visa launched a credit card that gives up to 2% Bitcoin rewards instead of cashback.The card works worldwide and offers exclusive perks while supporting mainstream crypto adoption. The Bitcoin rewards platform Fold has united with Visa to deliver a new credit card program that rewards users with Bitcoin worth up to 2% of...
JAKARTA. The Composite Stock Price Index (IHSG) in trading on Friday (13/12) today closed down 0.94% or 69.45 points to 7,324.79, following the weakening of all sectoral indices. JCI was at its highest level of 7,399 today, and at its lowest level of 7,324. Previously, the JCI opened at level 7,394. Declines also occurred in...
JAKARTA - Closing stock transactions on the weekend (13/12), PT Astrindo Nusantara Infrastruktur Tbk (BIPI) topped the net foreign list. Meanwhile, PT Goto Gojek Tokopedia Tbk (GOTO) was knocked out of the top 10 net foreign list, which yesterday (12/12) was in the runner-up position. Based on thedata compiled by IDN Financials, this issuer posted...
JAKARTA - On Friday, December 13, foreign investors sold a total of 3.30 billion shares. Meanwhile, the total number of shares purchased was around 2.31 billion shares. This share buying and selling activity then recorded a net foreign volume of -986.55 million shares. The share purchase list then began with the energy resources infrastructure issuer...
JAKARTA – Following the merger,PT XL Axiata Tk (EXCL)andPT Smartfren Telecom Tbk (FREN) agreed to use a brand new name, PT XLSmart Telecom Sejahtera Tbk. The merger will officially take effect on March 22, 2025. Quoted Wednesday (11/12), three limited companies, XL, Smartfren, and Smart Telecom (ST), have signed a definitive agreement regarding merger plan...
JAKARTA – Stock performance ofPT Sejahteraraya Anugerahjaya Tbk (SRAJ)was corrected this morning (12/12) following its plan to issue bond of USD 125 million. However, compared to the beginning of this year, its stock has skyrocketed 730%. Monitoring the board this morning, this Mayapada Group’s arm saw IDR 50 decline to IDR 2,490 at 10.30 AM...