News list for "love"
Hassett, director of the White House National Economic Council, said he "would be more than happy to serve" if President Donald Trump nominated him as chairperson of the Federal Reserve.
According to market news: NYDIG said that Bitcoin's market capitalization (Bitcoin dominance) briefly soared to more than 60% in early November, and then stabilized at about 59% during the market correction as funds concentrated in Bitcoin.
NYDIG's Greg Cipolaro said that the decline in bitcoin prices was driven by market structure mechanisms rather than sentiment, and that key sources of demand were reversing. Continued outflows from spot bitcoin ETFs ($3.55 billion in November), while stablecoin supply declined, suggest that capital is leaving the market. Cipolaro warned that the market could see higher volatility in the short term, but he maintained a long-term bullish view and advised investors to be prepared for volatility.
"We love America and we love Bitcoin," Eric Trump, Mr. Trump's son, wrote. "That's why we launched $ABTC."
The transparency and quality of the proof of reserve report for the stablecoin USD1, issued by World Liberty Financial, a crypto firm in which the Trump family is deeply involved, has been called into question. NYDIG analysts pointed out that while USD1 claims to be fully backed 1:1 by cash equivalents such as U.S. Treasuries, its current proof report does not meet industry-leading transparency standards and needs to be further improved. Previously, the USD1 project has sparked severe criticism ...
As the price of bitcoin broke through $120,000, Michael Saylor wrote on the X platform that the market value of 640,031 bitcoin held by Strategy reached a high of $77.40 billion, surpassing the market value of Bank of New York Mellon, Sberbank of Russia, United Bank of America, Canadian Imperial Bank of Commerce, ING, Barclays, Deutsche Bank, ANZ Bank and Lloyds Bank, and equivalent to the GDP of Uruguay, Sri Lanka and Slovenia.
Greg Cipolaro, head of global research at NYDIG, said the crypto industry should stop using the popular "market-to-net asset value" (mNAV) metric because it is both inaccurate and misleading to investors. "The industry definition of'mNAV 'needs to be removed and forgotten," Cipolaro wrote in a report on Friday. "Market Cap to Bitcoin...
NYDIG's parent company, asset manager Stone Ridge, announced that its energy platform, Stone Ridge Energy ("SRE"), has reached a definitive agreement to acquire its substantial Oklahoma-based energy portfolio from ConocoPhillips for approximately $1.30 billion. This is SRE's second acquisition this year, following the company's acquisition of more than $1 billion worth of energy assets in Colorado, which brings SRE's total investment in upstream energy assets since the platform went live in 2021...
According to market news, Ondo Finance has announced the acquisition of Strangelove to accelerate the development of a full-stack RWA platform.
