
Insurance companies paid out $140K after security footage showed a bear causing damage to luxury cars—only to later find out it was actually a man in a bear costume. The man was charged with fraud, proving some people will go to extreme lengths for a quick payout.
The post-election market rally lost momentum last week, with stocks taking a dip after the Federal Reserve indicated it wouldn’t be cutting rates anytime soon. Bitcoin wrapped up the week just above $91K, holding steady despite the market's cooling off.
Bitcoin has been on a tear, skyrocketing to an all-time high of over $89K as of last night—a record even when adjusted for inflation. The cryptocurrency surged by approximately 25% since last week’s election of Donald Trump, who campaigned with a pro-crypto stance. Ethereum (ETH) also saw gains, climbing to $3,375.37 (+1.24%), while smaller altcoins like Dogecoin (+4.69%), Solana (+4.36%), and Cardano (+11.04%) outperformed Bitcoin. Dogecoin’s value has more than doubled in the past week alone.
It’s Not Just the Coins…
Crypto-linked stocks are also surging. Bitcoin-mining companies such as Hut 8 (-4.79%) and Marathon Digital (-3.01%), alongside trading platforms like Coinbase (-2.83%), have all spiked. Meanwhile, MicroStrategy, a software company with a heavy Bitcoin focus, just purchased over $2 billion worth of BTC, bringing its total holdings to $23 billion. Its shares have surged nearly 50% in the past week.
Trump’s Crypto Pivot
Trump has drastically changed his stance since calling Bitcoin "a scam against the dollar" in 2021. Over the summer, he headlined a crypto conference, promising to make the U.S. “the crypto capital of the planet.” His plans include establishing a “strategic national Bitcoin stockpile,” starting with the ~$18 billion worth of BTC already held by the U.S. government. He also vowed to fire SEC Chief Gary Gensler, who has led a crackdown on the crypto industry, and hinted at appointing pro-crypto regulators to key positions.
A Red Wave Fuels Green Crypto
Crypto organizations poured millions into electing what Coinbase called “the most pro-crypto Congress in history.” An estimated 253 pro-crypto politicians were elected to the House, along with 16 to the Senate, boosting optimism for favorable regulatory changes.
Riding the Crypto Wave
Crypto markets appear to be riding on optimism and investor sentiment. Many hope Trump’s second term will bring looser regulations and increased institutional crypto adoption. However, there’s significant debate over whether Trump’s ambitious promises will be implemented—and how they’ll impact the crypto landscape.
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Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.
Guarded Optimism: Nvidia is gearing up to report its earnings on Wednesday, riding high on the AI boom. The stock has more than tripled this year, with the company continuing to show impressive growth in the AI chip market. Back in August, Nvidia reported that both its sales and profits had more than doubled year-over-year. However, the stock took a hit after growth wasn’t as explosive as in previous quarters, making for a tough comparison. With the bar set high and competition from rivals like AMD intensifying, investors are hoping Nvidia can maintain its momentum.
The Battle for Box Office Glory: Theater owners are crossing their fingers for a strong response this Friday when both Wicked and Gladiator 2 hit theaters, alongside the highly anticipated Moana 2 on the horizon. AMC’s CEO is optimistic that November could signal a fresh chapter for Hollywood’s recovery. Despite last year’s Barbenheimer phenomenon, the box office still hasn’t reached pre-pandemic levels, with lingering effects from shutdowns, delays, and flops. On the upside, Cinemark, the third-largest theater chain in the U.S., has shown signs of life, reporting record sales in Q3, boosted by higher ticket prices and premium concessions.
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Advertiser's disclosures:
¹ The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
² Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
³ December 23, 2024 will be the last day to invest and be considered a shareholder in 2024. Any investments made after this date will only be considered shareholders starting in 2025.
⁴ Please read the offering circular and related risk at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.