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Over the last quarter, Wall Street brokers figured out how to sell expensive crypto-backed equities, and investors’ appetite for new ticker symbols is ravenous . Observing the success of MicroStrategy’s persistent, multi-billion dollar premium to its bitcoin (BTC) holdings, a cornucopia of companies boasting about their BTC and altcoin treasuries have spawned onto stock markets across the globe. Six months ago, there were less than 70 public companies holding BTC. Today, there are over 130.  In addition, there are now various altcoin treasury companies holding ether (ETH), solana (SOL), XRP, and other assets. Booming market for publicly-listed crypto treasuries Consider Tether and Bitfinex’s version of MicroStrategy, Twenty One (CEP), which rallied to over 300% the value of its BTC within one day of its debut on public markets. Other publicly traded crypto treasury companies have performed even better. Upexi rallied above a 4x multiple-to-net asset value (m...

There are few companies that had the kind of expectations that Nvidia did entering the year. Unfortunately, it has failed to do so yet. With geopolitical concerns and aggressive economic policy hindering the US stock market, concerns are mounting. However, Nvidia (NVDA) once jumped 287% in 18 months and has solidified the reality that 2025 won’t be the end of the stock’s dominance. The AI chipmaker has been well known for its ability to recover splendidly from a downturn. Moreover, its recent slide is no reflection of its performance, as its Q4 earnings have seen it once again outperform expectations. It seems with every passing day that an Nvidia turnaround is just a matter of time. Source: Investopedia Also Read: Nvidia (NVDA) Sell-Off Pushes Stock Down 27%: So What’s Next? Nvidia Past Success Points to Future Potential to Overcome 2025 Slide The stock market recovered from a notable downturn Wednesday. One of the big winners was Nvidia, who jumped 5.8% by midday. With the...

One of the most notable brick-and-mortar retailers in the United States, Walmart (WMT), has recently been predicted to “radically outperform” Amazon (AMZN) in 2025. Indeed, one Wall Street expert is predicting big things for the company as it looks to build off of strong data last year. Both companies have performed well in 2024, but one is slated to have a better year ahead. According to one analyst, Walmart is continuing to infringe on the e-commerce space that Amazon has dominated for years. Ultimately, it will result in investors being rewarded. Source: PYMNTS Also Read: Walmart: Why WMT Got Boosted $85 Target, Outperform Rating Walmart Changing the E-Commerce Game? Why WMT Could be Coming for Amazon in 2025 There is no denying the continued shift of modern shoppers to a more digitized approach. In 2023, online shopping sales reached a remarkable $1.119 trillion after a surge due to the COVID-19 pandemic. As those habits aren’t expected to change, Wall Street is le...

The historic 2024 election saw an equally historic reaction from Wall Street as the US has decided its commander-in-chief for the next four years. Moreover, with plenty of companies surging in value, Tesla (TSLA), Nvidia (NVDA), and others emerge as the biggest stock winners after Donald Trump’s election win. Elon Musk and the EV manufacturer emerged as key winners after Trump’s victory. Musk had been closely connected to the campaign and is expected to hold a small position within the incoming administration. Not just Tesla, the billionaire was part of the top 10 that saw their net worth jump by $64 billion post-election. So, what stocks got a similar boost? Also Read: US Stock Market: How it Responded to Donald Trump’s 2024 Election Win Tesla & Nvidia Lead Stock Winners as Trump is Set to Return to the White House The United States stock market is currently surging from the results of the 2024 presidential election. Indeed, the country has seen the economic sector respond ...

Several prominent financial institutions have filed for a spot Bitcoin product in recent months. Asset manager Franklin Templeton applied to the United States Securities and Exchange Commission (SEC) on Sept. 12 to launch a Bitcoin (BTC) spot exchange traded fund (ETF). The application comes after the SEC delayed decisions on applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco BTC spot ETF applications on Aug. 31 and a court ruling Aug. 29 that the SEC must consider Grayscale’s application to covert its BTC futures ETF into a spot ETF. According to the application, the fund is structured as a trust. Coinbase will custody the BTC and Bank of New York Mellon will be the cash custodian and the administrator.  This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/franklin-templeton-files-for-bitcoin-spot-etf-tbt62447.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campai...