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Strive Asset Management is pushing back against MSCI’s latest proposal. The index provider suggested removing companies with bitcoin holdings over 50% of total assets from major equity benchmarks.
In a letter to MSCI CEO Henry Fernandez, Strive warned the plan could create uneven results worldwide. Companies report bitcoin differently under U.S. GAAP and IFRS accounting standards. Strive said this could lead to inconsistent outcomes for firms with similar exposure.
The Nasdaq-listed firm urged MSCI to rely on optional “ex-digital-asset treasury” index variants instead of redefining eligibility for broad benchmarks. These custom indexes already exist for sectors like energy and…
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Bitcoin price plunged to $88,000s on Friday, down over 4% in the past 24 hours. The cryptocurrency is trading near its seven-day low of $88,091, and about 4% below its seven-day high of $92,805.
The global market capitalization for Bitcoin now stands at $1.77 trillion, with a 24-hour trading volume of $48 billion.
Despite the recent drop, Wall Street bank JPMorgan remains bullish on the Bitcoin price over the long term. The bank continues to maintain its gold-linked volatility-adjusted BTC target of $170,000 over the next six to twelve months.
Analysts say the model accounts for fluctuations in price and mining costs.
One key factor in the market is Strategy (MSTR),…
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Crypto markets are ending the week on a muted note, with BTC giving back part of its rebound and equities largely flat ahead of next week’s FOMC meeting. Against this backdrop, Solana ecosystem tokens showed remarkable relative strength.
BTC retraced part of its recent rebound on Thursday, closing down -1.38%, though it remains up nearly 10% from Monday’s $84,000 intraday low. As seen below, the S&P 500 and gold were flat on the day, while the Nasdaq slipped -0.14%.
On the macro front, Kevin Hassett now appears to be the frontrunner for Fed Chair, with Polymarket pricing his…
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Indiana lawmakers are taking a bold step toward embracing bitcoin. A new proposal would let the state invest in digital assets like Bitcoin through regulated funds while blocking local governments from restricting crypto companies.
The measure, House Bill 1042, reflects growing political and financial interest in crypto. Digital assets once seen as fringe now have backing from top U.S. leaders, including President Donald Trump, and major financial institutions.
Congress also passed its first major crypto bill earlier this year.
Indiana wants in. Lawmakers gave HB 1042 an early hearing as they juggle redistricting, signaling the issue is a top priority for Republicans.
“Digital…
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Bitcoin has struggled to maintain a sustained correlation with Gold, recently only moving in unison during market downturns. However, examining Bitcoin’s price action through the lens of Gold rather than USD reveals a more complete picture of the current market cycle. By measuring Bitcoin’s true purchasing power against comparable assets, we can identify potential support levels and gauge where the bear market cycle may be approaching its conclusion.
Bitcoin Bear Market Officially Begins Below Key Support
Breaking beneath the 350-day moving average at about $100,000 and the significant psychological 6-figure barrier marked the functional entry into bear market territory,…
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“Even when I was little, I was big.”
— William Perry
The first prop bet
Michael Lewis dates the beginning of betting on everything to 1985 when Caesars Palace offered 20-1 odds on William “Refrigerator” Perry scoring a touchdown in the Super Bowl.
He did — a one-yard rumble into the end zone — and Caesars lost at least $250,000 on the bet (a substantial sum in an era when bettors had to call Las Vegas by phone to place wagers).
That was the first known “proposition” bet — a bet on anything other than the score or result of a game, and as such, the primordial…
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Bitcoin treasury firm Twenty One Capital will start trading on the New York Stock Exchange on December 9. The company will use the ticker symbol XXI.
Twenty One Capital is the result of a merger with Cantor Equity Partners (CEP). CEP shareholders approved the deal, clearing the way for the transaction to close around December 8. The merged entity will operate under the Twenty One Capital name.
The company will launch with about 43,514 BTC. At current prices, that is roughly $4 billion. This will make Twenty One Capital the largest BTC treasury company listed on the NYSE. Globally, it will be the second-largest corporate BTC holder after Strategy.
The firm was first announced…
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Italy’s Economy Ministry has ordered a detailed review of current protections against crypto risks, officials said on Thursday.
The review will focus on safeguards for both direct and indirect investments in crypto-assets by retail investors, regulators added.
The decision came during a meeting of the Committee for Macroprudential Policies. The committee includes the heads of the Bank of Italy, market watchdog Consob, insurance and pension regulators, and the Treasury’s director general, according to Reuters reporting.
Committee members warned that risks from crypto-assets could rise. Growing connections between crypto and the wider financial system, along with…
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