on January 8th local time, US President-elect Trump requested that the US Supreme Court block the sentencing of 34 counts of forgery of business records in New York on January 10th. Trump's emergency application requests that the court halt the prosecution until his appeal regarding presidential immunity is resolved. Trump's lawyers stated, "The Supreme Court should immediately suspend further litigation in the New York trial court to prevent serious injustice and damage to the presidential system and federal government operations."
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Trump asks U.S. Supreme Court to block sentencing on felony charges
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The US spot Ethereum ETF saw a net outflow of $41.5 million yesterday.
according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of $41.5 million yesterday. -
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OpenAI Ordered to Hand Over 20M ChatGPT Logs in NYT Copyright Case
A federal judge rejected OpenAI’s bid to limit discovery, directing the company to produce de-identified user logs central to the case.
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Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
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BeFlow: Rebuilding Payment Logic with Technology — From an Incentive Tool to a Consumption Operating System
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Digital Asset Holdings, a blockchain company focused on the financial sector, has completed a new round of financing of $50 million.
as Wall Street giants are betting on the underlying technology of cryptocurrencies to handle traditional assets, Digital Asset Holdings LLC, a blockchain company focused on the financial sector, has secured new funding. This round of investors includes institutions such as BNY Mellon and Nasdaq. According to insiders, this round of financing amounts to $50 million, with S&P Global and iCapital also participating. This is the company's new round of fundraising following the $135 million financing completed earlier this year. Bloomberg reported in June that the previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers Citadel Securities, IMC, and Optiver participating. -
Meta Platforms shares rose about 4% in pre-market trading after CEO Mark Zuckerberg announced plans to cut the Metaverse budget by 30%.
Meta Platforms (META.O) rose about 4% pre-market, CEO Zuckerberg plans to cut the Metaverse budget by 30%. -
The US will release a series of employment data tonight, and the probability of an interest rate cut has reached as high as 94%.
according to the schedule, at 20:30 tonight, the number of Challenger job cuts in the US for November will be released; at 21:30, the US initial jobless claims for the week ending November 29 will be announced, with an expected value of 220,000. In addition, at 23:00, the US Global Supply Chain Pressure Index for November and the US factory orders month-on-month rate for September will also be released. Although tonight's employment data is relatively important, the market is currently highly betting on a 25 basis point rate cut by the Federal Reserve in December. As of the time of writing, the probability of this event on Polymarket has reached as high as 94%. -
Trump's CFTC, FDIC Picks Closer to Taking Over Agencies as They Advance in Senate
The Senate's process is inching forward on a mass-confirmation that would include two nominations with major crypto implications.
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Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.
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ADA, ETH, XRP Climb as Bitcoin Zooms Above $93K, But Traders Warn of ‘Fakeout Rally’
“The short-term setup has shifted into a choppy pullback, with markets watching whether BTC can stabilize within the $90,000–$91,000 support zone,” one trader said.
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Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
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Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash
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Senator Tim Scott pushes for December vote on crypto market bill
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Nearly 25% of Adults With Internet Access in Asia Might Own Crypto, Report Says
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