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Tether’s bid to buy Italian soccer club Juventus rejected by majority shareholder Exor

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Stablecoin issuer Tether’s dreams of a full takeover of Italian football club Juventus appear to have been dashed. Majority shareholder Exor’s board has unanimously rejected Tether’s binding, all-cash bid to buy the firm’s 65.4% stake in Juventus, stating in a Saturday press release that it “does not intend to sell any of its shares in […]

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These three metrics show that BTC has found strong support near $80,000

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Bitcoin BTC$90,209.55 has so far jumped above $90,000, up 15% from its Nov. 21 low of around $80,000, with price-finding support across three key cost bases: the 2024 annual volume-weighted cost base, the True Market Mean and the average US spot exchange-traded fund (ETF) cost base. These metrics help identify where investors are most likely

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Vanguard Exec Calls Bitcoin a ‘Digital Labubu’ Even as Firm Opens ETF Trading Access

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Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$90,378.26 still looks more like a speculative collectible than an asset intended to build long-term wealth, compared to a “digital Labubu,” the plush toy that has become a popular collectible. Amerik’s words came during Bloomberg’s ETF’s in Depth conference in New York on Thursday, where

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Bitcoin Giant strategy maintains its place in the Nasdaq 100 index

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Bitcoin-heavy firm Strategy (MSTR) will remain in the Nasdaq 100 index, surviving the annual reshuffle that saw several household names fall. The firm, which started as business software provider MicroStrategy, pivoted in 2020 to storing bitcoin as its core strategy. It has since then accumulated 660,624 BTC worth $59.55 billion and was added to the

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NFT Project Pudgy Penguins take over Las Vegas Sphere in holiday campaign

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Once a breakout non-fungible token (NFT) project during the 2021 crypto boom, Pudgy Penguins is turning to real-world visibility with a high-profile ad placement in the Las Vegas Sphere this Christmas week. Only a few crypto-related brands have secured advertising space at the Sphere, a massive LED-covered venue known for its immersive exhibits and performances

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Brazil’s largest asset manager recommends investors put up to 3% of their money in Bitcoin to hedge against exchange rates, market shocks

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Brazil’s largest privately held asset manager, Itáu Asset Management, has recommended that investors allocate 1% to 3% of their portfolios to bitcoin BTC$90,071.93. In a year-end note, Renato Eid, head of beta strategies and responsible investments for Itaú Asset Management, argued that bitcoin’s lack of correlation with traditional local assets makes it a useful diversification

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Japan set to raise prices to 30-year highs, posing yet another threat to BTC

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The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, raising the key rate by 25 basis points to 0.75% from 0.50%, according to the Nikkei. The decision, expected on December 19, will push Japanese interest rates to the highest level in about 30 years. The wider impact

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LLMs cannot match specialized AI trading bots that adjust for risk

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AI-powered trading hasn’t yet reached an “iPhone moment” where everyone carries around an algorithmic, reinforcement learning portfolio manager in their pocket, but something like that is coming, experts say. Indeed, AI power meets its match when faced with the dynamic, adversarial arena of trading markets. Unlike an AI agent informed by endless circuits of self-driving

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