Mon: Saylor expected announce another BTC purchase
Tue: U.S. delayed Q3 GDP
Wed: Christmas Eve Markets close early
Thu: Christmas Day Markets closed
Fri: $24B worth of BTC Options Expiry: Max Pain Price $96k; Put/Call 0.37; OTM Calls value: $21B; Call options are clustered at strike prices of $100k and $120k, with heavy put option exposure accumulating at $85k.
TBA/Whole Week: debasement trade, Christmas and New Year holidays
What Happened:
Coinbase Sues Three US States Over Prediction Market Regulation
Bitcoin is on track for its worst quarter since the second quarter of 2022, when the collapses of TerraUSD and Three Arrows Capital roiled the industry.
Trump Media Targets Nuclear Fusion Through Merger With TAE
Goldman, JPMorgan Are Selling Complex Crypto Products in New Era: The pitch: investors get leveraged upside if Bitcoin rises and a buffer if it falls. A Jefferies note, for example, doubles IBIT’s gain, up to a 90% cap, while cushioning the first 20% decline. If IBIT drops 50%, investors would lose just 30%.
Crypto Ownership in UK Falls to 8% Despite Political Momentum
"Santa rally": in the last five years, December is the second-worst month of the year after September, with an average loss of 1.46%. but
Nasdaq Seeks SEC Approval for 23-Hour Trading During Weekdays
The amount of oil held on tankers has risen to its highest since 2020. 1.3 billion barrels of “oil on water” - crude held at sea, according to Kpler. That is the largest volume since April 2020, when oil consumption cratered due to COVID-19 lockdowns, and about 30% higher than August levels. This spike in supplies on water is partly due to tightening sanctions on Moscow.
Fed’s Williams tells CNBC there is no urgent need to cut rates again.
‘Bombshell Disclosure’: Oracle made new lease commitments for $248 billion, mostly tied to data centers and cloud capacity arrangements, starting in its fiscal third-quarter for terms of up to 19 years that weren’t reflected on its condensed consolidated balance sheets, a filing shows. That’s a “bombshell disclosure,” and These are due to commence between now and its 2028 financial year, but they’re not yet included on its balance sheet. That’s almost $150 billion more than was disclosed in the footnotes of September’s earnings update.
China’s investment slumped further and retail sales expanded at their weakest pace since the crash caused by Covid, in another month of lopsided growth that’s inflaming trade tensions with the rest of the world. While factory output is seeing little pullback, retail sales rose just 1.3% in November from a year ago — the slowest figures on record, outside the pandemic. “The broad-based deterioration suggests the economy is now even weaker than it was before the pro-growth pivot in the fourth quarter of 2024.”
How China built its ‘Manhattan Project’ to rival the West in AI chips: Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence, smartphones and weapons central to Western military dominance, Reuters has learned. The availability of parts from older ASML machines on secondary markets has allowed China to build a domestic prototype, with the government setting a goal of producing working chips on the prototype by 2028, according to the two people. But those close to the project say a more realistic target is 2030.
Sacks, Witkoff could face ethics probe over UAE deals.
Israeli officials believe Iran is expanding its ballistic missile program. They are preparing to make the case during an upcoming meeting with Trump that it poses a new threat.
Trump Says He’s Ordering a Blockade of Oil Tankers in Venezuela
US Readies New Russia Sanctions If Putin Rejects Peace Deal
US intelligence indicates Putin’s war aims in Ukraine are unchanged.
Japan Mulls Income Tax Hike From 2027 to Help Fund Defense
SoftBank races to fulfill $22.5 billion funding commitment to OpenAI by year-end, sources say.
Warner Bros. Urges Investors to Reject ‘Inferior’ Paramount Bid
TikTok Owner ByteDance on Track for $50 Billion Profit in 2025.
SEC Permits BlackRock, JPMorgan to Offer Dual-Share-Class Funds
OpenAI in Talks to Raise $10 Billion From Amazon, Use Its Chips.
India’s stock market has become one of the calmest in the world — so calm that it’s prompting a rethink of strategies among players in the country’s vast derivatives space.
SpaceX’s Record IPO Plan Pushes Obscure Fund Into Spotlight
NVIDIA, BlackRock, Microsoft Backed Startup PsiQuantum Founder: so we will have useful quantum computers solving meaningful problems across science and technology you know creating new technologies generating revenue uh having serious impact way before Qday (break RSA encryption) happens and so we will be forewarned when you start to see people using quantum computers to solve really genuinely important problems then you can think right well maybe Qday is actually 5 years away maybe 10 years away and that’s when you should start to to worry right.
Charts:
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