Nasdaq has received the request for Form 8-A 12(b) from Cyber Hornet Trust for several proposed ETFs, including one linked to $XRP.
A highlighted proposal combines exposure to the S&P 500 and XRP, which could make it one of the first hybrid traditional/cryptocurrency ETFs to include XRP.
KAZAKHSTAN WILL BUILD NATIONAL CRYPTOCURRENCY RESERVES WITH SEIZED BITCOIN
After closing 130 illegal exchange platforms and seizing millions of dollars in assets by the authorities, the central bank of Kazakhstan announced that it will allocate 350 million dollars, from confiscated cryptocurrencies, to strengthen the national cryptocurrency reserves.
Se liquidaron más de $773 millones en posiciones de criptomonedas en los últimos 60 minutos, con $764,23 millones de posiciones largas y $9,59 millones de posiciones cortas.
Kevin Warsh has the highest odds, at 87%, of being nominated as president of the Federal Reserve by Trump, followed by Rick Rieder at 6.3%, on Polymarket.
RISING OIL COULD BE A PROBLEM. DOMINO EFFECT ON THE WAY?
Oil prices reached $70 per barrel for the first time since September.
The main reason is the increase in tensions between the U.S. and Iran. Will they close the Strait of Hormuz?
▫️The main reason is the increase in tensions between the U.S. and Iran. ▫️Iran announced NAVAL EXERCISES with LIVE AMMUNITION in the Strait of Hormuz (where 20% of global oil passes) for this weekend.
There are 2 main scenarios:
🟢The POSITIVE: Goldman Sachs warns of a "severe downward adjustment" in oil if the conflict does not materialize. 🔴The NEGATIVE: OIL skyrockets due to military outbreak.
What would be the domino effect?
🔻If oil skyrockets, very likely INFLATION will too. 🔻This would lead to LESS RATE CUTS in the U.S. 🔻And also to a very likely RATE HIKE by the BoJ. 🔻In this case, forced sales could occur due to the unwinding of the Yen Carry Trade. 🔻The truth is that oil has been very calm because PRODUCTION has been far exceeding DEMAND. 🔻The only thing that can affect oil is if the supply chain is disrupted. 🔻The problem is that 20% of the world's oil passes through the Strait of Hormuz (controlled by Iran), hence the importance of the situation with Iran.
🔸Regarding the technical analysis of oil, we see that it is just above a long-term trend line. 🔸If it BREAKS UPWARDS, it is likely to surge (according to technical analysis theory). 🔸ALL analysts are closely watching how oil reacts in this particular zone.
ELON MUSK WILL CONTRIBUTE 1.5 trillion dollars to the US stock market
According to reports, SpaceX and xAI are in talks to merge before their IPO this year, with a valuation that could exceed 1.5 trillion dollars, according to Reuters.
The United States Senate failed to advance a government funding bill by 45 votes in favor and 55 against, so the partial shutdown is less than two days away.