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Currency-News

May
28, 2026
The
crypto market has broken through a key support level
Market
Overview
The
crypto market has lost around 3.5%, falling to a market
capitalisation of $2.44 trillion and sharply breaking
through the local support level seen in recent weeks.
Technically, this is a worrying sign, as the market
has fallen below the 50-day moving average, which
could herald further sell-offs. The nearest potential
stop is not before $2.30T. In a falling market, Stellar
(+14.6%) and Basic Attention Token (+1.5%) stand out,
but the third-ranked altcoin, BNB, has lost 3% over
the past 24 hours. The worst performers among the
most popular were Internet Computer (-9.6%), Zcash
(-8.7%) and Dash (-8.7%).
Bitcoin
has plummeted to $73K, a level not seen since mid-April.
The bearish signal from the previous day, with the
price falling below the 50-day moving average, is
confirmed by market dynamics, which show that selling
pressure on the leading cryptocurrency is intensifying.
This suggests the broader bearish trend, represented
by the declining 200-day moving average, is once again
dominating the shorter-term upward momentum reflected
by the 50-day MA. The outcome was not a foregone conclusion,
but it seems the time for a long-term bull market
has not yet come.
Ethereum
has fallen below $2,000, a psychologically significant
round figure. Having begun its decline in early May,
the second-largest coin has wiped out its April gains
and once again finds itself near a multi-year support
line, from which ETH rebounded at the start of the
year and in April last year.
News
Background
An
unknown trader sold BlackRocks Bitcoin ETF shares
on Tuesday for a massive $1.3 billion, Galaxy Digital
notes. This led to a sharp drop in Bitcoin below $76,000.
Outflows from US Bitcoin ETFs have continued for seven
consecutive trading sessions and remain the main threat
to the leading cryptocurrency, Wintermute notes.
Bitcoin
has entered a high-risk zone amid mounting selling
pressure and escalating international tensions, investment
firm Swissblock notes. A further negative factor has
been the decline in interest in spot Bitcoin ETFs.
Ethereum
evangelist David Hoffman has sold all his holdings
of the second-largest cryptocurrency and no longer
expects it to grow significantly. In his view, ETH
has failed to become the universal asset that many
supporters of the project had hoped for. Meanwhile,
the bulk of revenue has shifted to second-layer networks.
BitMine
made the largest Ethereum purchase of the year last
week. The company increased its holdings by 111,942
ETH, worth over $237 million. BitMines reserves
exceeded 5.39 million ETH, that is 4.47% of the Ethereum
supply. The companys CEO, Tom Lee, described
the fall of ETH below $2,200 as an attractive
opportunity to build up positions.
NEAR
Protocol (NEAR), a layer-one blockchain positioning
itself as the blockchain for artificial intelligence,
has surged by 100% over the past month. The rally
coincided with the announcement of a series of blockchain
updates on privacy, cross-chain transfers, AI user
data protection, and network scaling.
Markets,
Cryptos and Culture
FinTech,
Big Tech, Big Biz
LinkedIn
b2b Business Lifts For Media Man Group and Associates
Alphabet/Google
Cracks TIME 100 Cover
TKO/WWE
In And Out Of The Ring Continues; Up and Down Cycle;
TKO's Nick Khan Offers Positive Vibes To US Admin
Re Ali Act Amendment
TKO's
LinkedIn Continues To Enjoy Strong News Media Buzz;
Google LinkedIn Numbers Up; Rinto Tinto (Mining) Strong
LinkedIn Media Vibes And Buzz
Media
Man LinkedIn and X Up; TKO News Flashbacks
Google/Alphabet
Earnings
May
1, 2026
(Sydney,
Australia To Wall Street, New York)
ASX
200 futures are pointing up 127 points/1.5% to 8795.
AUD
+1.2% to US72.00¢
Bitcoin
$77,105.63 +2.16%
Wall
St:
Dow +1.6%
S&P +1%
Nasdaq +0.9%
VIX
-1.92 to 16.89
Gold -0.04% to $US4616.09 an oz
Brent oil -3.4% to $US114.01 a barrel
Iron ore +0.7% to $US107.80 a ton
10-year yield: US 4.37% Australia 5.06%
Coffee
285.55 -5.15
Cocoa
3569.00 +159
Numbers
Double Check
May
1
Australian
Dollar: $0.7195 USD (up $0.0085 USD)
Iron Ore: $107.80 USD (up $0.75 USD)
Iron Ore: $105.53 USD (up 0.74 USD)
Oil Price (West Texas): $105.63 USD (down $2.86 USD)
Gold Price : $4,622.32 USD (up $78.35 USD)
Copper Price: $6.0245 USD (up $0.0980 USD)
Dow Jones: 49,652.14 (up 790.33 points)
Shares
TKO
Group Holdings Inc
$186.09
+2.38 +1.30%
Lead Up
$183.71
-0.87 -0.47%
Alphabet
Inc Class A
$384.80
+34.86 +9.96%
Lead Up
$349.94
+0.13 +0.037%
NVIDIA
Corp
$199.57
-9.68 -4.63%
Lead Up
$209.25
-3.82 -1.79%
Meta
Platforms Inc
$611.91
-57.21 -8.55%
News
Alphabet,
Microsoft, Amazon, and Meta Platforms Report Q1 2026
Earnings Beating Expectations
Alphabet
reported Q1 2026 revenue of $109.9 billion and EPS
of $5.11, surpassing estimates, with Google Cloud
revenue up 63% to $20 billion.
Microsoft
reported fiscal Q3 2026 revenue of $82.89 billion
and EPS of $4.27, beating expectations, driven by
39-40% Azure growth.
Amazon
reported Q1 2026 revenue of $181.5 billion and EPS
of $2.78 exceeding forecasts, with AWS up 28%, while
Meta reported Q1 2026 revenue of $56.3 billion and
EPS of $10.44 above estimates.
News
Biz
(Aust)
May
1
ASX
extends fall as oil tops $US126 a barrel
The
Australian sharemarket lost ground on Thursday, after
a spike in the crude oil price in response to growing
fears that the Iran war will escalate; the S&P/ASX
200 shed 0.2 per cent to close at 8,665.8 points.
South32 fell 5.4 per cent to $4.03, Evolution Mining
was down 5.3 per cent at 11.90 and Woolworths finished
7.8 per cent lower at $34.39. However, WiseTech Global
was up 3.4 per cent at $42.72 and ASX Limited added
5.1 per cent. (RMS)
News
Golf/Heath/Politics/Property
Mental
health 'at risk' if Defence golf courses sold
The
federal government announced in February that it would
sell 67 military sites in the wake of an independent
audit that found they had little strategic value,
with five defence-owned golf courses among the sites
under scrutiny. They include the Fairbairn Golf Club
in Canberra, with club president Brian Depree urging
the government not to sell it to property developers.
He says it helps to provide mental support for current
Defence members and veterans, and selling it and other
defence courses would be at odds with the Royal Commission
into Defence and Veteran Suicide's finding of systemic
failures in support services for defence members and
veterans, with the commission emphasising the need
to help military personnel transition to civilian
life. (RMS)
News
The
crypto takes a breather after growth
Market
Overview
The
crypto market capitalisation has changed little over
the past 24 hours, hovering around $2.57 trillion,
with assets moving in different directions. Markets
are likely to prefer a wait-and-see approach ahead
of decisions by the Bank of Canada, the Fed, the ECB
and the Bank of England over the next couple of days.
Officially, markets are expecting a hawkish tone,
so a focus on the economy could spur active buying.
The
sentiment index plummeted to 26, falling below last
weeks lows, reflecting a return of fear to the
markets. The inability to hold above 50 since September
remains a key sign of bearish sentiment.
Over
the past two days, Bitcoin has lost approximately
$4K from peak to trough at $75.6K, but on Wednesday,
it turned higher, attempting to consolidate above
$77K. Thus, Bitcoin has broken out of its upward trend
but has not yet confirmed a reversal; therefore, we
can only note a slowdown in growth at the 50% mark
of the January-February decline.
News
Background
The
$80K level remains an important psychological barrier,
around which a large volume of options is concentrated,
GSR notes. QCP Capital considers $82K to be a key
resistance level.
Bernstein
regards Bitcoins February low of $60K as a clear
bottom and expects a higher and structurally
longer bull cycle going forward. The main driver
of optimism remains a steady inflow of capital from
institutional investors.
Bitcoin
is no longer merely an interesting asset
for companies seeking to remain competitive, Tim Draper,
founder of venture capital firm Draper Associates,
stated. According to him, firms must hold a portion
of their reserves (515%) in BTC to avoid being
financially irresponsible towards their shareholders.
Patrick
Witt, Executive Director of the US Presidential Council
on Digital Assets, announced an important statement
regarding the US strategic Bitcoin reserve, which
will be made in the coming weeks.
Bitmine,
the largest publicly traded corporate holder of Ethereum,
announced the acquisition of over 5 million ETH over
10 months, at an average cost of $2,369 per ETH. The
companys reserves have reached nearly 5.08 million
ETH, representing 4.21% of the Ethereum supply.
News
Pop
Culture/WWE
Roman
Reigns Sweats Through Epic Promo Amid Arena Heat in
Laredo
A
power outage killed air conditioning at Sames Auto
Arena, turning Monday Night Raw into a sauna with
fans drenched and wrestlers glistening under pyro-lit
lights. Reigns cut a fiery main event promo on Fatu's
World Heavyweight Title shot at Backlash on May 9
in Tampa, listening to The Usos' warnings before greenlighting
the matchonly for Fatu to ambush him with a
brutal Tongan Death Grip post-promo. Fans flooded
social media with memes of Reigns' sweat-drenched
look, declarations of stanning the champ, and hype
for the Bloodline clash, proving his unbreakable draw
even as some Cody Rhodes fans pushed back. (Media
Man Peg-On): So pumped for the main event of WWE Backlash.
We smell a Bloodline screw-job finish, but we shall
see.
News
WWE
NXT/Wrestling
NXT
Debuts EVIL, Lizzy Rain, and Will Kroos in Roster
Shake-Up
WWE
NXT's April 28 episode on The CW featured six debuts,
including former NJPW star EVIL's chilling arrival
targeting NXT Champion Tony D'Angelo, rocker Lizzy
Rain's dominant win over Nikkita Lyons with her Thunderstruck
finisher, and indie powerhouse Will Kroos joining
a beatdown on D'Angelo. John Cena hyped EVIL with
his classic promo quote, while fans praised the secrecy
around Kroos and Rain's heavy-metal entrance. Other
newcomers like Tristan Angels, Kam Hendrix, and Tate
Wilder added to the stacked night, setting up fresh
storylines for titles and rivalries. (Media Man Peg-On):
NXT needed some fresh faces and new blood to replace
some of the WWE main roster call-ups; Shawn Michaels
and Robert Stone one again deliver. It's almost a
new era kinda feeling and vibe with the shake-ups.
Fans pumped for the upcoming main roster debuts of
Blake Monroe and Ricky Saints.
News
April
30
AI
Elon
Musk Testifies Against OpenAI in Breach of Mission
Trial
Musk,
who co-founded OpenAI in 2015 and invested $38 million,
accused Sam Altman and the company of abandoning its
open-source, safety-focused mission after partnering
with Microsoft for billions. He warned that advanced
AI could arrive next year, either boosting prosperity
or posing existential dangers, and urged instilling
human values early. OpenAI's lawyers countered that
Musk supported the for-profit move and sought control
himself, while the trial could force a nonprofit return
or massive damages. (Media Man Peg-On: Musk vs The
Rest)!
News
The
crypto market is falling, but Doge is on the rise
Market
Overview
The
crypto market cap has fallen by 1.09% over the past
24 hours to $2.53 trillion. This marks the third consecutive
day of a gradual market decline, which appears to
be a technical shake-out rather than a trend reversal.
Dogecoin (+3.3%) is once again leading the gains,
along with Tron (+0.6%) and Aptos (+0.1%).
Among
the underperformers are Aave (-5.7%), Trumpcoin (-5.3%)
and The Graph (-5.3%).
Bitcoin
is leading the decline in cryptocurrencies, having
switched to a sell-on-rally mode over the last three
days. This is clearly visible in the intraday pattern
of recent days, where a gradual rise has given way
to a decline at roughly the same pace. If we view
the latest move as a technical correction, its potential
target appears to be the area around $74K, where the
61.8% Fibonacci retracement line lies. The March peak
levels also lie here, reinforcing the significance
of this level.
Dogecoin
stands out modestly from the crowd of altcoins, leading
the growth of top coins for the third day in a row
and marking the fifth week of an uptrend. The $0.087
area has become a pivot point, where the coin also
saw steady demand in 2024 and where there were strong
buy orders on the slippage in October 2025. At the
same time, current prices near $0.105 are more than
20% above that level, indicating the start of a bull
market, according to traditional financial metrics.
It is still too early to speculate on expectations
of multiple-fold growth, as was the case two years
ago, since this would require a radical shift of all
cryptocurrencies into a bull market. But who knows,
perhaps we are seeing the first signs of recovery
after the crypto winter?
News
Background
The
crypto market entered a neutral phase in the second
quarter: there is no clear trend, and economic and
political factors are having a key influence on market
dynamics, according to Coinbase. Events in the Middle
East and fluctuations in oil prices remain among the
main drivers.
Net
inflows of Bitcoin to trading platforms have risen
to 30-day highs, notes analyst Woominkyu. In his view,
whales are transferring assets to exchanges for subsequent
sale.
Spot
trading volumes for Bitcoin on leading exchanges have
fallen to their lowest levels since SeptemberOctober
2023, notes analyst Darkfost. Alphractal also highlights
the cooling of investor interest. The number of Google
searches for cryptocurrencies has reached a three-year
low.
73%
of respondents believe Bitcoin's current price is
undervalued, according to a survey of 100 institutional
and private investors conducted by Coinbase and Glassnode.
They remain cautiously optimistic and expect most
digital assets to recover within the quarter.
The
Governor of the Czech National Bank has proposed adding
Bitcoin to the central banks reserves to help
control inflation. Despite its volatility, BTC could
generate long-term returns, so it makes sense to allocate
1% of the state reserves to it. (FxPro)
News
April
28
Pop
Culture/Pro Wrestling/WWE/NXT
EVIL
From Japan Makes NXT Debut; Faced Off With Tony D!
Blake
Monroe Buried in Dramatic NXT Graveyard Farewell;
The Glamour Heading To Main Roster
NXT's
Ricky Saints Heading To WWE SmackDown
News
Google,
Meta shift $11b offshore, pay just $140m in tax
Technology
firms Meta and Google have come under ongoing criticism
over the fact that they seem to pay very little tax
on the huge amount of revenue they generate in Australia.
The criticism comes in particular from companies that
must compete with them, including banks and media
companies, while the federal government is set to
force them to enter into commercial agreements with
Australian news publishers. The criticism regarding
the low amount of tax that Google and Meta is not
likely to go away, given the revelation that they
transferred almost $11 billion to offshore entities
in service fees and reseller payments over the past
year, but only paid just over $140 million in tax.
(RMS)
News
Elon
Musk's OpenAI Trial Jury Selected in Oakland
Jury
selection finished Monday in federal court in Oakland,
California, for Musk's civil suit against OpenAI,
Sam Altman, and Greg Brockman. Musk, who helped launch
the nonprofit in 2015 with $45 million and no equity,
claims its for-profit pivotnow valued at $852
billionbetrays the original mission of open
AGI for humanity's benefit. He's seeking to unwind
the structure and potential $134 billion in damages,
while OpenAI calls the case baseless jealousy; opening
statements start Tuesday with testimony from Altman
and Microsoft CEO Satya Nadella expected. The jury's
findings will guide Judge Yvonne Gonzalez Rogers in
a trial set to last two to four weeks. (Media Man
Peg-On): Musk vs Altman. Pick'em Title, Who you got?!
News
News
Lead Up
WWE/Pop
Culture
Paul
Heyman Praises Lil Yachty Amid WWE Celebrity Backlash
On
SmackDown, Yachty celebrated new U.S. Champion Trick
Williams' WrestleMania 42 victory over Sami Zayn,
but Zayn ambushed them unmasked as a Gingerbread Man
with a Helluva Kick. Paul Heyman endorsed Yachty as
a respectful crossover star who honors WWE's history
and fans, countering backlash from viewers upset over
recent talent cuts like Aleister Black and Karrion
Kross. While some fans call it unwanted filler, others
praise the fun energy as WWE balances celebrities
with homegrown stories ahead of Backlash. (Media Man
Peg-On): We're going with Heyman on this. Yachty is
great and over with the audience for the most part.
News
UFC/MMA
(Australia)
UFC
Fight Night in Perth Features Main Event Between Jack
Della Maddalena and Carlos Prates
UFC
Fight Night is set for Perth, Western Australia, headlined
by a welterweight bout between top-ranked fighters
Jack Della Maddalena and Carlos Prates. The event,
promoted as UFC Perth, airs live on Paramount Plus.
(Media Man Peg-On): On paper this Fight Night down
under should be stronger/better than some of their
previous fight nights are far as match quality.
News
Pop
Culture/Lucha Libre
AAA
Announces New General Manager Reveal on May 23
On
the April 25 episode of AAA on Fox, President Marisela
Peña announced that Lucha Libre AAA Worldwide
will get a new General Manager, with the live reveal
set for May 23 in Mexico City. This follows her son
Dorian Roldán's recent plea for the role, which
she decided to open to other candidates after careful
thought. Fans are speculating on names like Zelina
Vega, Rey Mysterio, or even The Undertaker, amid AAA's
growth since WWE's majority stake acquisition last
April and its new Fox broadcasts blending lucha action
with WWE polish. (Media Man Peg-On): Ariba. Triple
A has massive influence from The Undertaker, and it's
paying off as far as entertainment value for fans
and in other creative and business ways from what
we see and hear. Can see see Danhausen in Triple H
also? Lucha Hausen!
News
Lead Up
April
23
(Wall
St, New York) : April 24 (Sydney, Australia)
UFC
- MMA Building Stars Again
New
York Kind Of Feeling
US
Stocks - Black Friday - Black-ish Thursday into Friday
Post
WrestleMania; Road To WWE Backlash 2026
WWE
Management And Wrestlers Bullish; Wrestling and Boxing
Sports
Biz Event Tickets And Merch Drive
Danhausen
Lifts WWE Merch Hausen
Traditional
Big Tech Sector Takes Big Hit April 23
Media
Man Group Weekly Series
News
Lead Up
ASX
200 futures down 4 points: 0.1% to 8828
AUD
-0.4% to US71.30¢
Bitcoin
$78,168.22 +0.52%
Dogecoin
$0.09776 +2.24%
Ripple
aka XRP $1.4374 +1.48%
News
News
Flashback
November
2025
Polymarket
Partnership Could Be a Game Changer for TKO Group
Holdings (TKO)
Nov
17
(In
Case You Missed It)
Polymarket/UFC/TKO
Polymarket
recently announced a multi-year partnership making
it the Official and Exclusive Prediction Market Partner
for UFC and Zuffa Boxing, introducing real-time fan
prediction metrics directly into UFC broadcasts and
social media experiences.
This
collaboration marks the first time major sports organizations
have integrated prediction market technology into
the live fan experience, creating new ways for audiences
to interact and for TKO's sports brands to differentiate
themselves.
We'll
explore how this innovative fan engagement initiative
could strengthen TKO Group Holdings' investment narrative
by deepening audience connection and content value.
What
Is TKO Group Holdings' Investment Narrative?
To
see the value in TKO Group Holdings as a shareholder,
you really have to believe in its ability to keep
building out top sports entertainment brands like
UFC and WWE into global, multi-platform franchises.
A lot of the story is about continuing to grow earnings
and revenue faster than the overall market, attract
loyal audiences, and evolve with changes in media
rights, streaming, and digital fan engagement. Recent
announcements, such as the multi-year partnership
with Polymarket, reflect TKOs push to unlock
new monetization avenues and deepen fan involvement.
However,
its unlikely this news will materially change
the core short-term catalysts, which are still dominated
by performance in key international deals, broadcast
partnerships, and the rollout of new events. The biggest
risks remain legal challenges, compression of media
rights value, and questions about board experience.
The new fan engagement efforts add differentiation,
but dont directly reduce these core risks for
now. On the flip side, investors should pay close
attention to ongoing legal proceedings against TKO
and UFC.
TKO
Group Holdings' shares have been on the rise but are
still potentially undervalued by 15%.
Ten
retail investors in the Simply Wall St Community produced
fair value estimates for TKO ranging from US$63.92
to a very large US$37,618.47. While community views
can be widely split, ongoing legal challenges remain
a topic several market participants keep circling
back to as a concern for TKOs future performance.
Explore these diverse perspectives and see how the
risks and opportunities stack up.
Historical
Data and Intel
TKO
Group: News
News
Flashback
Insider
Buying and Selling at TKO Group
In
related news, Director Nick Khan sold 45,168 shares
of the company's stock in a transaction on Monday,
July 21st. The shares were sold at an average price
of $170.82, for a total value of $7,715,597.76. Following
the completion of the sale, the director owned 156,494
shares in the company, valued at $26,732,305.08. This
represents a 22.40% decrease in their position. The
transaction was disclosed in a filing with the Securities
& Exchange Commission. Over the last 90 days,
insiders sold 73,725 shares of company stock valued
at $12,767,807. Corporate insiders own 61.30% of the
company's stock.
Wall
Street Analyst Weigh In
TKO
has been the subject of a number of recent analyst
reports. Baird R W raised TKO Group to a "strong-buy"
rating in a research report on Friday, September 5th.
Zacks Research upgraded TKO Group from a "strong
sell" rating to a "hold" rating in
a research note on Tuesday, September 2nd. Bank of
America upped their target price on TKO Group from
$200.00 to $210.00 and gave the company a "buy"
rating in a report on Tuesday, August 12th. Robert
W. Baird began coverage on TKO Group in a report on
Friday, September 5th. They set an "outperform"
rating and a $225.00 target price for the company.
Finally, Roth Capital raised their target price on
TKO Group from $208.00 to $210.00 and gave the company
a "buy" rating in a research report on Tuesday,
August 12th. One analyst has rated the stock with
a Strong Buy rating, fourteen have issued a Buy rating
and four have given a Hold rating to the company's
stock. According to data from MarketBeat, the stock
has a consensus rating of "Moderate Buy"
and a consensus price target of $192.21.
TKO
Group Stock Up 0.0%
Shares
of NYSE:TKO traded up $0.09 during midday trading
on Friday, hitting $202.33. 897,072 shares of the
stock were exchanged, compared to its average volume
of 683,611. TKO Group Holdings, Inc. has a 52-week
low of $114.01 and a 52-week high of $204.10. The
business's fifty day simple moving average is $178.94
and its two-hundred day simple moving average is $165.22.
The company has a debt-to-equity ratio of 0.28, a
quick ratio of 1.30 and a current ratio of 1.30. The
company has a market capitalization of $40.12 billion,
a PE ratio of 83.61 and a beta of 0.79.
TKO
Group (NYSE:TKO) last issued its quarterly earnings
results on Wednesday, August 6th. The company reported
$1.17 earnings per share (EPS) for the quarter, missing
the consensus estimate of $1.23 by ($0.06). TKO Group
had a net margin of 5.40% and a return on equity of
2.82%. The business had revenue of $1.31 billion during
the quarter, compared to analyst estimates of $1.23
billion. During the same period in the prior year,
the business posted $0.72 earnings per share. The
company's revenue for the quarter was up 53.7% compared
to the same quarter last year. As a group, research
analysts predict that TKO Group Holdings, Inc. will
post 3.88 earnings per share for the current fiscal
year.
TKO
Group Increases Dividend
The
business also recently declared a quarterly dividend,
which will be paid on Tuesday, September 30th. Stockholders
of record on Monday, September 15th will be paid a
$0.76 dividend. This is an increase from TKO Group's
previous quarterly dividend of $0.38. The ex-dividend
date of this dividend is Monday, September 15th. This
represents a $3.04 dividend on an annualized basis
and a dividend yield of 1.5%. TKO Group's dividend
payout ratio (DPR) is currently 62.81%.
TKO
Group Profile
TKO
Group Holdings, Inc operates as a sports and entertainment
company. The company produces and licenses live events,
television programs, and long-form and short-form
content, reality series, and other filmed entertainment
on digital and linear channels and via pay-per-view.
It is involved in the merchandising of video games,
apparel, equipment, trading cards, memorabilia, digital
goods, and toys, as well as sale of travel packages
and tickets.
News
Flashback
TKO
Group Holdings, Inc. is an American sports and sports
entertainment company. Established on September 12,
2023, the public company was formed by a merger between
Endeavor subsidiary Zuffathe parent company
of mixed martial arts promotion Ultimate Fighting
Championship and the professional wrestling
promotion World Wrestling Entertainment. TKO is led
by CEO Ari Emanuel and president Mark Shapiro, both
of Endeavor; Dana White and Nick Khan retained their
roles as CEOs of UFC and WWE respectively upon the
merger, while WWE co-founder Vince McMahon served
as executive chairman until resigning from the company
in January 2024 amid a sex trafficking scandal. The
merger marked the first time that WWE has not been
solely and primarily majority-controlled by the McMahon
family, which founded the company and owned it for
over 70 years. As of 2024, the UFC and WWE were the
two most valuable combat sports organizations in the
world according to Forbes. UFC was listed as the most
valued mixed martial arts company with a revenue of
$1.406 billion and WWE being the most valued professional
wrestling promotion with a revenue of $1.398 billion
in 2023. (Wikipedia)
TKO
owns iconic properties including UFC, the worlds
premier mixed martial arts organization; WWE, the
global leader in sports entertainment; and PBR, the
worlds premier bull riding organization. Together,
these properties reach 210 countries and territories
and organize more than 500 live events year-round,
attracting more than three million fans.
TKO
also services and partners with major sports rights
holders through IMG, an industry-leading global sports
marketing agency; and On Location, a global leader
in premium experiential hospitality. (Credit: TKO
Group)
News
Best
Quotes Of The Day
"An
investment in ones self is always the best bet"
Greg Tingle, Media Man Group
Media
Man
Markets,
Cryptos and Culture
FinTech,
Big Tech, Big Biz
LinkedIn
b2b Business Lifts For Media Man Group and Associates
TKO/WWE
In And Out Of The Ring Continues; Up and Down Cycle;
TKO's Nick Khan Offers Positive Vibes To US Admin
Re Ali Act Amendment; TKO's LinkedIn Enjoys Strong
News Media Buzz; Google LinkedIn Numbers Up; Media
Man LinkedIn and X Up; TKO News Flashbacks
Google/Alphabet
Earnings
April
30, 2026
(Sydney,
Australia To Wall Street, New York)
ASX
200 futures down 69 points/0.8%: 8627
AUD
-0.9% to US71.17¢
Bitcoin
- $75,808.20 -0.71%
Wall
St:
Dow
-0.6%
S&P -0.04%
Nasdaq +0.04%
VIX
+0.98 to 18.81
Gold +0.03% to $US4549.45 an ounce
Brent oil +8.9% to $US120.19 a barrel
Iron ore +0.6% to $US107.05 a tonne
10-year yield: US 4.43% Australia 4.99%
Coffee
290.70 flat!
Cocoa
3403.83 +23.83
Numbers
Double Check
April
30
Australian
Dollar: $0.7110 USD (down $0.0070 USD)
Iron Ore: $107.05 USD (up $0.65 USD)
Oil Price (WTI): $108.49 USD (up $8.87 USD)
Gold Price : $4,543.97 USD (down $52.22 USD)
Copper Price: $5.9265 USD (up $0.0070 USD)
Dow Jones: 48,861.81 (down 280.12 points)
Shares
TKO
Group Holdings Inc
$183.71
-0.87 -0.47%
Alphabet
Inc Class A
$349.94
+0.13 +0.037%
NVIDIA
Corp
$209.25
-3.82 -1.79%
News
Alphabet,
Microsoft, Amazon, and Meta Platforms Report Q1 2026
Earnings Beating Expectations
Alphabet
reported Q1 2026 revenue of $109.9 billion and EPS
of $5.11, surpassing estimates, with Google Cloud
revenue up 63% to $20 billion.
Microsoft
reported fiscal Q3 2026 revenue of $82.89 billion
and EPS of $4.27, beating expectations, driven by
39-40% Azure growth.
Amazon
reported Q1 2026 revenue of $181.5 billion and EPS
of $2.78 exceeding forecasts, with AWS up 28%, while
Meta reported Q1 2026 revenue of $56.3 billion and
EPS of $10.44 above estimates.
News
Biz
(Aust)
April
30
ASX
falls for seventh straight day; G8 tanks
The
Australian sharemarket lost ground on Wednesday, amid
growing expectations of an official interest rate
rise next week in response to the latest inflation
data; the S&P/ASX 200 fell 0.3 per cent to close
at 8,687 points. Newmont Corporation was down 3.2
per cent at $153.58, Cochlear shed 3.2 per cent to
end the session at $90 and G8 Education shed 31.3
per cent to finish at $0.165. However, oOh!media rose
32.9 per cent to $1.13 in response to a takeover bid
and Codan was up 15.5 per cent at $42. (RMS)
News
The
crypto takes a breather after growth
Market
Overview
The
crypto market capitalisation has changed little over
the past 24 hours, hovering around $2.57 trillion,
with assets moving in different directions. Markets
are likely to prefer a wait-and-see approach ahead
of decisions by the Bank of Canada, the Fed, the ECB
and the Bank of England over the next couple of days.
Officially, markets are expecting a hawkish tone,
so a focus on the economy could spur active buying.
The
sentiment index plummeted to 26, falling below last
weeks lows, reflecting a return of fear to the
markets. The inability to hold above 50 since September
remains a key sign of bearish sentiment.
Over
the past two days, Bitcoin has lost approximately
$4K from peak to trough at $75.6K, but on Wednesday,
it turned higher, attempting to consolidate above
$77K. Thus, Bitcoin has broken out of its upward trend
but has not yet confirmed a reversal; therefore, we
can only note a slowdown in growth at the 50% mark
of the January-February decline.
News
Background
The
$80K level remains an important psychological barrier,
around which a large volume of options is concentrated,
GSR notes. QCP Capital considers $82K to be a key
resistance level.
Bernstein
regards Bitcoins February low of $60K as a clear
bottom and expects a higher and structurally
longer bull cycle going forward. The main driver
of optimism remains a steady inflow of capital from
institutional investors.
Bitcoin
is no longer merely an interesting asset
for companies seeking to remain competitive, Tim Draper,
founder of venture capital firm Draper Associates,
stated. According to him, firms must hold a portion
of their reserves (515%) in BTC to avoid being
financially irresponsible towards their shareholders.
Patrick
Witt, Executive Director of the US Presidential Council
on Digital Assets, announced an important statement
regarding the US strategic Bitcoin reserve, which
will be made in the coming weeks.
Bitmine,
the largest publicly traded corporate holder of Ethereum,
announced the acquisition of over 5 million ETH over
10 months, at an average cost of $2,369 per ETH. The
companys reserves have reached nearly 5.08 million
ETH, representing 4.21% of the Ethereum supply.
News
Pop
Culture/WWE
Roman
Reigns Sweats Through Epic Promo Amid Arena Heat in
Laredo
A
power outage killed air conditioning at Sames Auto
Arena, turning Monday Night Raw into a sauna with
fans drenched and wrestlers glistening under pyro-lit
lights. Reigns cut a fiery main event promo on Fatu's
World Heavyweight Title shot at Backlash on May 9
in Tampa, listening to The Usos' warnings before greenlighting
the matchonly for Fatu to ambush him with a
brutal Tongan Death Grip post-promo. Fans flooded
social media with memes of Reigns' sweat-drenched
look, declarations of stanning the champ, and hype
for the Bloodline clash, proving his unbreakable draw
even as some Cody Rhodes fans pushed back. (Media
Man Peg-On): So pumped for the main event of WWE Backlash.
We smell a Bloodline screw-job finish, but we shall
see.
News
WWE
NXT/Wrestling
NXT
Debuts EVIL, Lizzy Rain, and Will Kroos in Roster
Shake-Up
WWE
NXT's April 28 episode on The CW featured six debuts,
including former NJPW star EVIL's chilling arrival
targeting NXT Champion Tony D'Angelo, rocker Lizzy
Rain's dominant win over Nikkita Lyons with her Thunderstruck
finisher, and indie powerhouse Will Kroos joining
a beatdown on D'Angelo. John Cena hyped EVIL with
his classic promo quote, while fans praised the secrecy
around Kroos and Rain's heavy-metal entrance. Other
newcomers like Tristan Angels, Kam Hendrix, and Tate
Wilder added to the stacked night, setting up fresh
storylines for titles and rivalries. (Media Man Peg-On):
NXT needed some fresh faces and new blood to replace
some of the WWE main roster call-ups; Shawn Michaels
and Robert Stone one again deliver. It's almost a
new era kinda feeling and vibe with the shake-ups.
Fans pumped for the upcoming main roster debuts of
Blake Monroe and Ricky Saints.
News
Pop
Culture
Danhausen
Reunites with Jade Cargill in WWE Photoshoot Throwback
The
surprise images dropped Tuesday, showing Danhausen
in full vampire gear posing dynamically with Cargill,
who rocked a white fur bodysuit and championship belt.
It's a nod to their fun AEW days, where Danhausen
debuted his 'very nice, very evil' persona before
crossing to WWE this year with stunts like emerging
from a crate at Elimination Chamber and teaming with
John Cena at WrestleMania 42. Jadehausen!?
News
April
28
Pop
Culture/Pro Wrestling/WWE/NXT
EVIL
From Japan Makes NXT Debut; Faced Off With Tony D!
Blake
Monroe Buried in Dramatic NXT Graveyard Farewell;
The Glamour Heading To Main Roster
NXT's
Ricky Saints Heading To WWE SmackDown
News
Google,
Meta shift $11b offshore, pay just $140m in tax
Technology
firms Meta and Google have come under ongoing criticism
over the fact that they seem to pay very little tax
on the huge amount of revenue they generate in Australia.
The criticism comes in particular from companies that
must compete with them, including banks and media
companies, while the federal government is set to
force them to enter into commercial agreements with
Australian news publishers. The criticism regarding
the low amount of tax that Google and Meta is not
likely to go away, given the revelation that they
transferred almost $11 billion to offshore entities
in service fees and reseller payments over the past
year, but only paid just over $140 million in tax.
(RMS)
News
Elon
Musk's OpenAI Trial Jury Selected in Oakland
Jury
selection finished Monday in federal court in Oakland,
California, for Musk's civil suit against OpenAI,
Sam Altman, and Greg Brockman. Musk, who helped launch
the nonprofit in 2015 with $45 million and no equity,
claims its for-profit pivotnow valued at $852
billionbetrays the original mission of open
AGI for humanity's benefit. He's seeking to unwind
the structure and potential $134 billion in damages,
while OpenAI calls the case baseless jealousy; opening
statements start Tuesday with testimony from Altman
and Microsoft CEO Satya Nadella expected. The jury's
findings will guide Judge Yvonne Gonzalez Rogers in
a trial set to last two to four weeks. (Media Man
Peg-On): Musk vs Altman. Pick'em Title, Who you got?!
News
WWE
WWE
Raw Hits Laredo with Rollins-Reigns Tension and Backlash
Build
Monday
Night Raw airs live at 8 p.m. ET from Sames Auto Arena
in Laredo, Texas, exclusively on Netflix, featuring
Seth Rollins opening with words for Roman Reigns and
Reigns responding to Jacob Fatu's title challenge
at Backlash. Bayley and Lyra Valkyria face Roxanne
Perez and Raquel Rodriguez in tag action, while Becky
Lynch returns after reclaiming her Women's Intercontinental
Championship at WrestleMania to address challengers.
Joe Hendry performs a live concert, and fan cards
highlight matches like Penta El Zero Miedo vs. Rusev,
all building hype toward Backlash.
News
Lead Up
April
27
The
crypto market has yet to satisfy sellers
Market
Overview
The
crypto market capitalisation rose to $2.64T in the
early hours of Monday but quickly retreated to the
$2.60T level that has held steady over the past five
days. Bears are aggressively defending the level from
which the active sell-off began in February and where
local highs were also seen earlier in April. Over
the past seven days, the cryptocurrency market has
gained 2.8%, with Zcash (+15%), Algorand (+12%) and
Cosmos (+9%) leading the way, while Trump (-10%),
Theta Network (-2.5%) and Polkadot (-2.3%) lagged.
The
sentiment index has risen to 47, entering neutral
territory and reaching its highest level since the
second half of January. Since last August, the indicator
has spent no more than a few consecutive days above
50, the first sign of a bear market. In the short
term, approaching this level increases the risk of
a fresh wave of selling. But dont rush to side
with the sellers until the situation becomes clearer,
as a bear market does not last forever.
Bitcoin
has approached the $80K mark for the second time in
the last few days, but has since experienced significant
downward momentum. As it approaches this round figure,
a build-up of sell orders is preventing the coin from
moving further upwards. For now, we consider this
situation to be temporary, as the corrective pullbacks
fit within the uptrend formed at the end of March.
News
Background
Bitcoin
has entered a new phase amid the return of US retail
investors to the market, Galaxy Digital CEO Mike Novogratz
said. In his view, the combination of retail demand,
institutional capital and limited supply creates the
foundation for further growth.
Over
a short period, sentiment among Bitcoin investors
has shifted sharply from pronounced pessimism
to fear of missing out (FOMO), according to Santiment.
Crypto whales have increased their holdings by more
than 40,000 BTC over the past two weeks.
CryptoQuant,
on the other hand, believes that Bitcoins recent
rise above $79K was driven primarily by a short squeeze
in the derivatives market, rather than sustained demand
in the spot market. Large-scale short covering is
making the market vulnerable.
Japanese
company Metaplanet, one of the largest corporate holders
of Bitcoin, has announced the issuance of $50 million
in bonds to finance new purchases of the leading cryptocurrency.
The
infrastructure of traditional finance and blockchains
began to form a unified system in 2026, according
to CoinShares. Stablecoins remain the largest segment
of hybrid finance.
A
quantum computer has, for the first time, cracked
a 15-bit elliptic curve cryptographic key the
mathematical basis of digital signature schemes that
ensure the security of Bitcoin networks and most blockchains.
(FxPro)
News
WWE/Pop
Culture
Paul
Heyman Praises Lil Yachty Amid WWE Celebrity Backlash
On
SmackDown, Yachty celebrated new U.S. Champion Trick
Williams' WrestleMania 42 victory over Sami Zayn,
but Zayn ambushed them unmasked as a Gingerbread Man
with a Helluva Kick. Paul Heyman endorsed Yachty as
a respectful crossover star who honors WWE's history
and fans, countering backlash from viewers upset over
recent talent cuts like Aleister Black and Karrion
Kross. While some fans call it unwanted filler, others
praise the fun energy as WWE balances celebrities
with homegrown stories ahead of Backlash. (Media Man
Peg-On): We're going with Heyman on this. Yachty is
great and over with the audience for the most part.
News
UFC/MMA
(Australia)
UFC
Fight Night in Perth Features Main Event Between Jack
Della Maddalena and Carlos Prates
UFC
Fight Night is set for Perth, Western Australia, headlined
by a welterweight bout between top-ranked fighters
Jack Della Maddalena and Carlos Prates. The event,
promoted as UFC Perth, airs live on Paramount Plus.
(Media Man Peg-On): On paper this Fight Night down
under should be stronger/better than some of their
previous fight nights are far as match quality.
News
Pop
Culture/Lucha Libre
AAA
Announces New General Manager Reveal on May 23
On
the April 25 episode of AAA on Fox, President Marisela
Peña announced that Lucha Libre AAA Worldwide
will get a new General Manager, with the live reveal
set for May 23 in Mexico City. This follows her son
Dorian Roldán's recent plea for the role, which
she decided to open to other candidates after careful
thought. Fans are speculating on names like Zelina
Vega, Rey Mysterio, or even The Undertaker, amid AAA's
growth since WWE's majority stake acquisition last
April and its new Fox broadcasts blending lucha action
with WWE polish. (Media Man Peg-On): Ariba. Triple
A has massive influence from The Undertaker, and it's
paying off as far as entertainment value for fans
and in other creative and business ways from what
we see and hear. Can see see Danhausen in Triple H
also? Lucha Hausen!
News
Lead Up
April
23
(Wall
St, New York) : April 24 (Sydney, Australia)
UFC
- MMA Building Stars Again
New
York Kind Of Feeling
US
Stocks - Black Friday - Black-ish Thursday into Friday
Post
WrestleMania; Road To WWE Backlash 2026
WWE
Management And Wrestlers Bullish; Wrestling and Boxing
Sports
Biz Event Tickets And Merch Drive
Danhausen
Lifts WWE Merch Hausen
Traditional
Big Tech Sector Takes Big Hit April 23
Media
Man Group Weekly Series
News
Lead Up
ASX
200 futures down 4 points: 0.1% to 8828
AUD
-0.4% to US71.30¢
Bitcoin
$78,168.22 +0.52%
Dogecoin
$0.09776 +2.24%
Ripple
aka XRP $1.4374 +1.48%
Wall
St:
Dow
-0.4%
S&P
-0.4%
Nasdaq
-0.9%
VIX
+0.39 to 19.31
Gold
-1% to $US4694.14 an ounce
Brent
oil +4.5% to $US106.44 a barrel
Iron
ore -0.6% to $US106.65 a tonne
10-year
yield: US 4.32% Australia 5.00%
News
News
Flashback
November
2025
Polymarket
Partnership Could Be a Game Changer for TKO Group
Holdings (TKO)
Nov
17
(In
Case You Missed It)
Polymarket/UFC/TKO
Polymarket
recently announced a multi-year partnership making
it the Official and Exclusive Prediction Market Partner
for UFC and Zuffa Boxing, introducing real-time fan
prediction metrics directly into UFC broadcasts and
social media experiences.
This
collaboration marks the first time major sports organizations
have integrated prediction market technology into
the live fan experience, creating new ways for audiences
to interact and for TKO's sports brands to differentiate
themselves.
We'll
explore how this innovative fan engagement initiative
could strengthen TKO Group Holdings' investment narrative
by deepening audience connection and content value.
What
Is TKO Group Holdings' Investment Narrative?
To
see the value in TKO Group Holdings as a shareholder,
you really have to believe in its ability to keep
building out top sports entertainment brands like
UFC and WWE into global, multi-platform franchises.
A lot of the story is about continuing to grow earnings
and revenue faster than the overall market, attract
loyal audiences, and evolve with changes in media
rights, streaming, and digital fan engagement. Recent
announcements, such as the multi-year partnership
with Polymarket, reflect TKOs push to unlock
new monetization avenues and deepen fan involvement.
However,
its unlikely this news will materially change
the core short-term catalysts, which are still dominated
by performance in key international deals, broadcast
partnerships, and the rollout of new events. The biggest
risks remain legal challenges, compression of media
rights value, and questions about board experience.
The new fan engagement efforts add differentiation,
but dont directly reduce these core risks for
now. On the flip side, investors should pay close
attention to ongoing legal proceedings against TKO
and UFC.
TKO
Group Holdings' shares have been on the rise but are
still potentially undervalued by 15%.
Ten
retail investors in the Simply Wall St Community produced
fair value estimates for TKO ranging from US$63.92
to a very large US$37,618.47. While community views
can be widely split, ongoing legal challenges remain
a topic several market participants keep circling
back to as a concern for TKOs future performance.
Explore these diverse perspectives and see how the
risks and opportunities stack up.
Historical
Data and Intel
TKO
Group: News
News
Flashback
Insider
Buying and Selling at TKO Group
In
related news, Director Nick Khan sold 45,168 shares
of the company's stock in a transaction on Monday,
July 21st. The shares were sold at an average price
of $170.82, for a total value of $7,715,597.76. Following
the completion of the sale, the director owned 156,494
shares in the company, valued at $26,732,305.08. This
represents a 22.40% decrease in their position. The
transaction was disclosed in a filing with the Securities
& Exchange Commission. Over the last 90 days,
insiders sold 73,725 shares of company stock valued
at $12,767,807. Corporate insiders own 61.30% of the
company's stock.
Wall
Street Analyst Weigh In
TKO
has been the subject of a number of recent analyst
reports. Baird R W raised TKO Group to a "strong-buy"
rating in a research report on Friday, September 5th.
Zacks Research upgraded TKO Group from a "strong
sell" rating to a "hold" rating in
a research note on Tuesday, September 2nd. Bank of
America upped their target price on TKO Group from
$200.00 to $210.00 and gave the company a "buy"
rating in a report on Tuesday, August 12th. Robert
W. Baird began coverage on TKO Group in a report on
Friday, September 5th. They set an "outperform"
rating and a $225.00 target price for the company.
Finally, Roth Capital raised their target price on
TKO Group from $208.00 to $210.00 and gave the company
a "buy" rating in a research report on Tuesday,
August 12th. One analyst has rated the stock with
a Strong Buy rating, fourteen have issued a Buy rating
and four have given a Hold rating to the company's
stock. According to data from MarketBeat, the stock
has a consensus rating of "Moderate Buy"
and a consensus price target of $192.21.
TKO
Group Stock Up 0.0%
Shares
of NYSE:TKO traded up $0.09 during midday trading
on Friday, hitting $202.33. 897,072 shares of the
stock were exchanged, compared to its average volume
of 683,611. TKO Group Holdings, Inc. has a 52-week
low of $114.01 and a 52-week high of $204.10. The
business's fifty day simple moving average is $178.94
and its two-hundred day simple moving average is $165.22.
The company has a debt-to-equity ratio of 0.28, a
quick ratio of 1.30 and a current ratio of 1.30. The
company has a market capitalization of $40.12 billion,
a PE ratio of 83.61 and a beta of 0.79.
TKO
Group (NYSE:TKO) last issued its quarterly earnings
results on Wednesday, August 6th. The company reported
$1.17 earnings per share (EPS) for the quarter, missing
the consensus estimate of $1.23 by ($0.06). TKO Group
had a net margin of 5.40% and a return on equity of
2.82%. The business had revenue of $1.31 billion during
the quarter, compared to analyst estimates of $1.23
billion. During the same period in the prior year,
the business posted $0.72 earnings per share. The
company's revenue for the quarter was up 53.7% compared
to the same quarter last year. As a group, research
analysts predict that TKO Group Holdings, Inc. will
post 3.88 earnings per share for the current fiscal
year.
TKO
Group Increases Dividend
The
business also recently declared a quarterly dividend,
which will be paid on Tuesday, September 30th. Stockholders
of record on Monday, September 15th will be paid a
$0.76 dividend. This is an increase from TKO Group's
previous quarterly dividend of $0.38. The ex-dividend
date of this dividend is Monday, September 15th. This
represents a $3.04 dividend on an annualized basis
and a dividend yield of 1.5%. TKO Group's dividend
payout ratio (DPR) is currently 62.81%.
TKO
Group Profile
TKO
Group Holdings, Inc operates as a sports and entertainment
company. The company produces and licenses live events,
television programs, and long-form and short-form
content, reality series, and other filmed entertainment
on digital and linear channels and via pay-per-view.
It is involved in the merchandising of video games,
apparel, equipment, trading cards, memorabilia, digital
goods, and toys, as well as sale of travel packages
and tickets.
News
Flashback
TKO
Group Holdings, Inc. is an American sports and sports
entertainment company. Established on September 12,
2023, the public company was formed by a merger between
Endeavor subsidiary Zuffathe parent company
of mixed martial arts promotion Ultimate Fighting
Championship and the professional wrestling
promotion World Wrestling Entertainment. TKO is led
by CEO Ari Emanuel and president Mark Shapiro, both
of Endeavor; Dana White and Nick Khan retained their
roles as CEOs of UFC and WWE respectively upon the
merger, while WWE co-founder Vince McMahon served
as executive chairman until resigning from the company
in January 2024 amid a sex trafficking scandal. The
merger marked the first time that WWE has not been
solely and primarily majority-controlled by the McMahon
family, which founded the company and owned it for
over 70 years. As of 2024, the UFC and WWE were the
two most valuable combat sports organizations in the
world according to Forbes. UFC was listed as the most
valued mixed martial arts company with a revenue of
$1.406 billion and WWE being the most valued professional
wrestling promotion with a revenue of $1.398 billion
in 2023. (Wikipedia)
TKO
owns iconic properties including UFC, the worlds
premier mixed martial arts organization; WWE, the
global leader in sports entertainment; and PBR, the
worlds premier bull riding organization. Together,
these properties reach 210 countries and territories
and organize more than 500 live events year-round,
attracting more than three million fans.
TKO
also services and partners with major sports rights
holders through IMG, an industry-leading global sports
marketing agency; and On Location, a global leader
in premium experiential hospitality. (Credit: TKO
Group)
News
Best
Quotes Of The Day
"An
investment in ones self is always the best bet"
Greg Tingle, Media Man Group
Markets,
Cryptos and Pop Culture
Culture
In Biz Series Edition
Thank God It's Friday For Sin City Sydney
December
To Remember
Dec
12
Sydney, Australia
Dec
11
Wall Street, New York Groove
Cryptos
Struggling; All That Glitters
TKO To Naysayers Again!
World Streaming Wars
Online Media vs Legacy Media: Disruptors
Media
Pop Culture Theme: "Another Brick In The Wall"
aka "We Don't Need No Education" (Pink Floyd)
"Schools Out" (Alice Cooper)
Silicon Valley theme: "Stretch Your Face"
(Tobacco)
"The Social Network" (score album for film)
"Hall of Fame" (The Script)
"Eight Days a Week" (The Beatles)
"The Wolf of Wall Street" ("Mercy,
Mercy, Mercy" (Cannonball Adderley)
"Friday On My Mind" (The Easybeats)
December
12, 2025
Sin
City Sydney, Australia
ASX
futures up 96 points/1.1% to 8687
Wall
Street:
S&P
500 +0.2%
Dow Jones +1.4%
Nasdaq -0.3%
Europe
Stoxx
50 +0.8%
FTSE +0.5%
DAX +0.7%
CAC +0.8%
Australian
dollar at 66.39 US cents
Bitcoin
$92,885.97 +0.52%
Gold
flat: $US4205.79 per ounce
US oil -1.2% to $US57.78 a barrel
Brent crude -1.2% to $US61.46 a barrel
Iron ore -1% to $US101.75 per ton
10-year
yield:
US 4.14%
Australia 4.72%
Germany 2.84%
Bitcoin
Bitcoin:
(Near Live) $92,885.97 +0.52%
Ethereum
$3,249.65 -2.76%
XRP
$2.0508 +0.03%
News
Update: (Near Live)
News
New
York/Wall St via Mr Wolf!
December To Remember!
Dec
11
After The Bell; Bells To Be Rung
NYC!
Cryptos
Today: (Near Live)
Cryptos
tarnished again!
Bitcoin
$93,473.79 +1.16%
Market
ups and downs! Mood: Medium: Still picking up a little.
Play the long game?! Hardcores keep dream, as always!
Media
Man Favs:
(Near
Live)
Bells
Rung by Mr Wolf!
TKO hulks up! Going for submission on competitors?!
Christmas Grinch vs Santa.
Miners on hunt. Gamers full speed instead of socials..
Tech heads grapplers watch streaming wars!
NYSE Bell Ringers With Trees! Prep for new Season's
Beatings!
TKO kicks out again heading towards Saturday Night's
Main Event via Friday Night SmackDown!
Wall
St, New York
TKO
Group Holdings Inc $204.30 +7.36 +3.74%
NVIDIA Corp $180.93 -2.85 -1.55%
Formula One Group Series $86.66 +1.42 +1.67%
Alphabet Inc Class A $312.43 -7.78 -2.43%
News Corp Class A $26.10 -0.020 -0.077%
Netflix Inc $94.09 +1.38 +1.49%
Caterpillar Inc $625.61 +10.26 +1.67%
Trump Media & Technology Group Corp $10.91
-0.39 -3.45%
Tesla Inc $446.87 -4.58 -1.02%
Walt Disney Co $111.46 +2.63 +2.42%
Wynn Resorts Ltd $124.85 +1.25 +1.01%
Meta Platforms Inc $652.71 +2.58 +0.40%
Elders ADR $19.73 (US) (NYSE)
Mercedes Benz Group ADR $17.91 +0.11 +0.62%
Rio Tinto Ltd $90.59 (US)
Paramount Skydance Corp $14.12 -0.60 -4.08%
Red Light Holland Corp $0.021 +0.00261 +4.33%
Volvo ADR (parent/owner of Muck Trucks) $32.06
+0.70 +2.23%
Porsche Automobile Holding SE Unsponsored Germany
ADR $4.78 +0.070 +1.49%
Microsoft $483.47 +4.91 +1.03%
News
Global
Markets React to Central Bank Decisions and Policy
Outlooks
Stock
indices
The
Fed managed to please the American stock market by
easing its policy and forecasting an increase in GDP
from 1.8% to 2.3%, as well as a slowdown in inflation
from 3% to 2.5% in 2026, while also discussing the
positive impact of AI on productivity. As a result,
the S&P500 experienced its most dramatic reaction
to an FOMC meeting since March, and the Russell 2000
set a new record.
A
strong economy and inflation heading towards the 2%
target present a prime opportunity for stocks. Along
with increased productivity, this indicates that S&P500
companies may see growth in corporate earnings. Historical
episodes in which the Fed cut rates and markets were
near their peaks have shown higher levels 12 months
later in every case.
However,
expectations for the next rate cut have now shifted
to April, removing the indexes safety buffer. There
may be renewed talk of a tech giant bubble, as evidenced
by Oracle's shares plunging sharply after the company
reported disappointing earnings.
According
to Yardeni Research, investors should diversify away
from the "Magnificent Seven" and seek opportunities
in other issuers, as artificial intelligence is transforming
nearly every company into a technology firm.
What
is ahead
The
key events of the third week of December will be the
release of US labour market data for October and November,
as well as central bank meetings. The ECB, the Bank
of England and the Bank of Japan will have their say.
Investors will also pay attention to European business
activity data for December.
Jerome
Powell says that FOMC officials have similar views
on the US economy but differ in their assessment of
its risks. Hawks are concerned about high inflation,
while doves are worried about the cooling labour market.
If employment figures disappoint, derivatives will
shift expectations of monetary policy easing from
April to March, and possibly even January. This will
weaken the dollar. On the other hand, a pleasant surprise
from non-farm payrolls will allow the USD to recoup
some of its losses.
While
no changes are expected from the ECB, the Bank of
England is 90% likely to cut its repo rate to 3.75%.
However, the negative is already priced into the pound,
and in the event of hawkish comments, the pound could
strengthen. The fate of the yen will depend on the
outlook for the Bank of Japan's leadership. Few doubt
that the overnight rate will be raised, but what next?
(FxPro)
News
'I
love solving puzzles': How AFP's crypto sleuth tracks
ill-gotten gains
Abigail
Gibson is the Australian Federal Police's only cryptocurrency
forensic accountant, a role she has held since 2022,
after she first joined the AFP as a forensic accountant
in 2017. Gibson uses blockchains to look for clues
that might be able to connect individuals to money
laundering, scams or sales of illicit goods and services
on the dark web, and she says that "cryptocurrency
is a well-established method for criminals to attempt
to hide their wealth and transfer assets". Her
work includes aiding the AFP's Criminal Asset Confiscation
Taskforce, which has frozen $65 million in cryptocurrency
assets since July. (AFR)
News
Miners
lift ASX after Fed; Oracle hits tech
The
Australian sharemarket posted a small gain on Thursday,
with the S&P/ASX 200 adding 0.2 per cent to close
at 8,592. The resources sector was bolstered by a
rise in the gold price after the US Federal Reserve's
decision to reduce the cash rate for a third time;
Ramelius Resources advanced 6.7 per cent to $3.81
and Rio Tinto was up 1.8 per cent at $140.01. However,
a sharp fall in Oracle's share price weighed on local
technology stocks, with WiseTech Global shedding 2.2
per cent to end the session at $70.99. (AFR/Roy Morgan
Summary)
News
Dec
11
Bitcoin
attempts to break the short uptrend
Market
Overview
The
crypto market cap has been in a see-saw pattern over
the past three weeks, exhibiting a gentle uptrend
that has returned to the $3.08 trillion level during
a consolidation phase. With no clear trend, crypto
traders have reduced their activity in altcoins, waiting
for the trend to recover in the first cryptocurrency
and key stock indices.
Bitcoin
jumped to $94.5K on Wednesday evening in response
to the Fed's announcement of a bond-buying programme
and a key rate cut. But this link to stocks played
a cruel joke. The fall in Oracle shares dragged the
Nasdaq-100 to eight-day lows, and BTC rolled back
to $90K. The market is testing the strength of the
modest uptrend that has been forming since 21 November.
A drop below $88K would break this trend, bolster
bearish sentiment and confirm the end of the recovery
rally.
News
Background
Public
and private companies have increased their Bitcoin
reserves by 448% since the beginning of the year to
1.08 million BTC, according to Glassnode. The corporate
sector remains a key driver of demand for digital
gold.
ARK
Invest CEO Cathie Wood believes that large companies
buying cryptocurrency for long-term storage could
prevent BTC from falling 75-90% as it has in the past.
Strategy
founder Michael Saylor announced the company's plans
to acquire as much Bitcoin as possible. Mayside Partners
believes that such plans are economically unsound.
This is not innovation, but cascading leverage on
speculative collateral a model that has failed
time and time again.
The
American Federation of Teachers (AFT) has called on
the US Senate to withdraw the cryptocurrency bill
on responsible financial innovation, which
will be considered next week. The organisation pointed
to the risks to pension savings and the country's
economy.
Twenty
One Capital, a big Bitcoin holder, has entered the
stock market. The company's shares fell 20% on their
first day of trading on the NYSE. The firm ranks third
among public holders of the first cryptocurrency with
42,000 BTC (~$3.9 billion). (FxPro)
News
Crypto
market awaits the final battle of the year
Market
Overview
The
crypto market lost just over 1% in 24 hours to $3.08T,
falling back to the consolidation levels of late November.
Attempts to shake up the market at the beginning of
this month were unsuccessful for both bulls and bears.
Excluding this impulse, the market has been treading
water for almost two weeks, hovering around the 23.6%
correction rebound line from the October-November
decline. Such a shallow rebound could be a sign of
a strong bear market, but this will only be confirmed
if November's lows of $2.73T are updated.
Bitcoin
is trading near $90K, having crossed this level for
the fifth consecutive day. An upward trend line can
be drawn through the lows of late November, but BTC
is now trading dangerously close to this line. At
the same time, horizontal resistance has formed in
the $92K area, bringing the positions of bulls and
bears closer together over time and promising a decisive
battle by the end of this week. It could not only
be the last significant battle of the year but also
determine the trend for the coming months.
News
Background
Short
positions on Bitcoin have recorded their largest outflow
since March 2025, when the price of BTC was near its
lows. Investors likely believe that the current surge
in negative sentiment has bottomed out, according
to CoinShares.
According
to Glassnode, the reserves of long-term Bitcoin holders
fell to a cyclical low in November. This marks the
end of the spot sell-offs that have hindered market
growth throughout 2025.
Ethereum
exchange reserves have fallen to record lows, which
could signal an imminent supply crisis, according
to CryptoQuant. Since July 2025, the indicator has
fallen by about 20%.
The
largest American investment company, BlackRock, has
applied with the SEC to register an ETF that will
allow investors to earn income from staking Ethereum
without directly owning the cryptocurrency.
Strategy
has increased its weekly Bitcoin purchases to their
highest level since July. The company bought 10,624
BTC ($963 million) last week at an average price of
$90,615 per coin. Strategy now owns 660,624 BTC, purchased
for $49.3 billion at an average price of $74,696 per
Bitcoin. (FxPro)
News
Streaming
Wars: Netflix vs Paramount (for Warner Bros) aka WBD.
What's Up Doc?!
Paramount
makes hostile bid for Warner Bros. Discovery
Dec
9
Paramount
Skydance has directly approached Warner Bros Discovery's
shareholders with a takeover offer; it has opted to
bypass the rival media group's board, contending that
Warner's directors have backed an "inferior proposal".
Paramount has proposed a cash offer of $US30 per share,
valuing its bid for the entire company at about $US108bn.
It is seeking to trump Netflix's deal to acquire some
of Warner's assets for around $US83bn, which has been
approved by the boards of both companies. Warner has
rejected Paramount's claims that its sale process
had favoured a single bidder.
*Developing
news story "The Streaming Wars"
News
Australia
- USA Connection
Praise
for Trump's review of AUKUS
Defence
Minister Richard Marles says the federal government
is currently "working through" the Trump
administration's now-completed review of the AUKUS
alliance. He adds that the US is "completely
supportive" of the deal to sell nuclear-powered
submarines to Australia. The review was headed by
US defence official Elbridge Colby, who has been a
notable critic of AUKUS in the past. The AUKUS alliance
is likely to be a key focus when Marles and Foreign
Minister Penny Wong hold the annual AUSMIN talks with
US counterparts Pete Hegseth and Marco Rubio in Washington
DC next week.
News
24
hours ago +
Developing
Story
The
crypto market tries to form an uptrend
Market
Overview
The
crypto market soared by almost 7% over the past day,
reaching a capitalisation of $3.15T and forming a
higher local peak compared to Sunday. The mood on
the crypto market was buoyed by moves from institutional
giants Vanguard and Bank of America to open access
to digital assets for their clients. Combined with
the fact that the low point on December 1st is higher
than the lows on November 21st, we are seeing a series
of vital signs of an upward trend forming. However,
a conservative view suggests that fluctuations below
$3.38T are a correction from the previous decline.
Bitcoin
approached $94K on Wednesday morning, recovering half
of its losses from the sell-off between November 11th
and 21st. Considering the entire decline from its
October peak, BTCUSD remains trading below $ 98K as
part of the correction. The $98-100K range contains
three psychologically significant levels: the 50-day
average, early November support, and 61.8% of the
decline from the peak. Consolidation above this level
could convince buyers that crypto winter has not arrived.
News
Background
Vanguard,
the world's second-largest investment company by assets,
will open access to crypto ETF trading for its clients
on December 2nd. The company had previously stated
that it would avoid Bitcoin funds because cryptocurrency
is an immature asset class and does not
fit with the company's philosophy.
Bank
of America, one of the largest banks in the United
States, has recommended that its institutional clients
allocate 1% to 4% of their portfolios to cryptocurrencies.
Previously, investors were unable to access cryptocurrencies
because advisors were prohibited from recommending
such instruments.
The
four-year cycle theory has ceased to work, so Bitcoin
has a chance to reach new highs in 2026, according
to Grayscale. Analysts believe there are already some
signs that Bitcoin has likely bottomed out.
News
(from Friday: Sydney)
ASX
up as tech stocks rally, WiseTech gains
The
Australian sharemarket posted a modest gain on Thursday,
with lower trading volumes ahead of Wall Street's
closure for Thanksgiving Day; the S&P/ASX 200
added 0.1 per cent to close at 8,617.3 points. WiseTech
Global was up 6.9 per cent at $69.72, Bellevue Gold
rose 3.2 per cent to $1.29 and Reece advanced four
per cent to $12.73. However, DroneShield was down
7.8 per cent at $2 and Santos fell 1.8 per cent to
end the session at $6.44. (RMS)
News
The
Dollar's new edge: from shield to sword
The
dollar is losing its safe-haven status. The
scale of the Fed's rate cuts has been overestimated.
The yen is the main favourite for 2026.
BoJ
may not raise rates until March. If the US dollar
was previously a shield, it is now turning into a
sword. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group Dream
Match Series; Crack The Code!
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The Streets
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr Cardona
Cesaro vs Rollins
Dirty Dom vs Mr AAA
Punks vs Egos
Kross vs H
Murdoch Title vs Title
Mr Black Coffee vs Mr Claudio's Cafe Blend
Mr Warner vs Mr Netflix: Broadway draw thus far! Re-match!
Winner take all?!
TMZ vs Riddle
UFC vs PFL
The Oracle vs Cincinnati, Ohio
Mr X vs Hollyweird
Succession vs Billions
Mouse House vs Art House
NFL vs UFL
ABC vs Mainstream Aussies
Reigns vs Blanka
Cody Rhodes vs Joe
E. Honda vs NJPW
Capcom vs Warner
Cena vs ACME
Combat Sports Players vs Father Time
NXT vs TNA Wrestling (Showdown, not Invasion)!
Alpha vs Meta
TED X vs The Others
WWE's Solo vs NYC and Western Australia
UFC Predator vs MMA Predator
UFC Legal vs UFC Bad Egg Betting Disruptors
Bulls vs Bears
Logan Paul vs WWE babyfaces
Santa's Helper vs Grinch
John McAfee vs FBI + + +, Running .... Netflix Wins
again!
Killer Kross vs Matt Riddle - Shoot Fight/Wrestling
(MLW)! Holliday working web?! Most Marketable?!
VKM vs Numerous!
MLW vs The World
The Big Event vs US Promoters
Storm vs WWE Locker Room. Lash Legend on side!
NXT Gold Rush: Page & Green vs Hendry & Hail
Baszler vs Itoh - HOG Superclash - Nov 15
MSG, NY winning with WWE and UFC in Nov
The Vision vs WWE Lockerroom
John Cena vs Dirty Dom
Miz vs Management
Jericho vs Internet Marks
Mr Gold vs Mr Fool's Gold
Neo vs Mr Smith
PBR vs Others. No Bull?!
Aus Gvt vs Big Tech
Banks vs Cryptos
NVIDIA vs World
White House vs Wokes
Packer vs Devil D
Lucha Bros vs AAA Heels
WWE Black Scorpion/Masked Man vs Babyfaces
CM Punk vs The Hood
Starks vs Oba Femi - NXT Deadline
TNA Wrestling vs Dirtsheets
TKO vs Naysayers
John Cena vs Gunther: SNME
Chris Jericho and Mr X vs IWC
Mr Netflix vs Mr Paramount
News
Crypto
Movies/Docos
The
Rise and Rise of Bitcoin (2014)
Follows early Bitcoin adopter Daniel Mross, exploring
Bitcoins origins, its volatile rise, and the
community behind it. Great for understanding Bitcoins
early days and its potential to disrupt finance.
Banking
on Bitcoin (2016)
Examines Bitcoins history, ideological roots,
and impact on global financial systems through interviews
with pioneers and experts. A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed by Torsten Hoffmann, this documentary dives
into blockchains broader applications beyond
cryptocurrency, addressing scalability and regulatory
challenges. Ideal for those interested in blockchains
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated by
Rosario Dawson, it explores blockchains societal
impact, from financial inclusion to voting systems.
A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015)
Traces the history of money and introduces Bitcoin
as a decentralized alternative, critiquing centralized
financial systems. Features interviews with crypto
experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoins role in
dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during the
2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019)
A crime thriller starring Beau Knapp, Luke Hemsworth,
and Kurt Russell. It follows a young anti-money laundering
agent investigating corruption and cryptocurrency
in his hometown. Critics note its exaggerated portrayal
but praise its entertainment value.
Silk
Road (2021)
A dramatization of Ross Ulbrichts creation of
the Silk Road, a dark web marketplace using Bitcoin.
It explores his rise and fall, blending crime and
drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early association
with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing early
adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries are generally more educational, focusing
on Bitcoins history, blockchain technology,
and real-world implications. Theyre great for
beginners and enthusiasts alike.
Feature
films often dramatize cryptos association with
crime or scams, sometimes oversimplifying or exaggerating
for effect. They prioritize entertainment over accuracy.
For a deeper dive, check streaming platforms like
Prime Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall Street (1987), directed by Oliver Stone, is a
drama about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless corporate
raider. Gekkos mantra, Greed is good,
drives the story as Bud is lured into insider trading
and unethical deals, compromising his morals for wealth
and power.
The
film explores themes of capitalism, loyalty, and betrayal,
with Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details: Cast: Michael Douglas (Gordon Gekko), Charlie
Sheen (Bud Fox), Daryl Hannah (Darien Taylor), Martin
Sheen (Carl Fox).
Runtime: 2h 6m.
Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekkos
Greed is good speech is iconic, reflecting
1980s excess. Inspired by real-life figures like Ivan
Boesky and Michael Milken.
A
sequel, Wall Street: Money Never Sleeps (2010), continued
the story.
Where
to Watch (as of 2025):
Streaming: Available on platforms like Peacock or
rentable on Amazon, YouTube, or Apple TV (check current
availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Best
Quotes
An
investment in knowledge pays the best interest."
Benjamin Franklin
"Bottoms
in the investment world don't end with four-year lows;
they end with 10- or 15-year lows." Jim
Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." Warren Buffett
Media
Man "Bullish is a mindset"
Crypto
News
Bitcoin
to soar as ETFs on cusp of approval
- January 9, 2024
The
price of Bitcoin is spiking and one analyst predicts
it could more than triple in value and hit $300,000
by the end of 2025.
Bitcoin
has risen above $US47,000 (A$70,000) for the first
time since April 2022 and one analyst is predicting
it could more than triple in value to be worth US$200,000
(A$298,000) by the end of 2025.
The
prediction comes after news that US regulators appear
ready to finally approve Bitcoin exchange-traded funds
(ETFs).
In
a note, Standard Chartered head of crypto research
Geoff Kendrick wrote: If ETF-related inflows
materialise as we expect, we think an end-2025 level
closer to US$200,000 is possible.
It
has been over a decade since the first applications
for ETFs that invest directly in the digital currency
were filed with the US Securities and Exchange Commission
(SEC).
Prospective
ETF issuers BlackRock, Fidelity, Invesco, Ark, Galaxy
Digital and WisdomTree filed amended forms on Monday
in what is seen by analysts as a final push to offer
the investment products.
The
regulator has until Wednesday to make a decision on
the applications, which could result in an investment
product tracking the daily price of the most popular
digital currency traded on a stock market for the
first time.
If
approved, the advent of Bitcoin ETFs is expected to
drive up Bitcoins price due to increased accessibility
and liquidity of the digital currency.
The
rise in Bitcoin also flowed through to a surge in
the price of other cryptocurrencies, such as Ethereum,
Cardano, SOL and Polkadot, while the share prices
of listed crypto exchanges and miners such as Coinbase
Global, Riot Platforms and Marathon Digital also rose.
Bitcoins
previous all-time high of almost $US69,000 (A$103,000)
was reached in November 2021.
#Bitcoin
#BitcoinNews #BitcoinETF #BitcoinETFs #ETF #cryptonews
#cryptocurrencynews #cryptocurrencies #fintech #BTC
#SEC #BlackRock #Fidelity #Invesco #Ark #GalaxyDigital
#Galaxy #WisdomTree #Ethereum #Marathon #SOL #Polkadot
#Riot #RiotPlatforms #bizneews #biz #finnews #digitalnews
#research #trends #trending #buzz #hype #cryptoculture
#culture #AI #X #media
(Newsfeeds)
Bitcoin Rally Cools in Countdown to US Spot ETF Decision
by SEC - 9 January 2024
Bitcoin
consolidated after briefly rallying past $47,000 on
optimism that regulators are set to approve the first
US exchange-traded funds investing directly in the
worlds largest digital asset.
The
token dipped to $46,739 as of 6 a.m. Tuesday in London
after a 6.5% jump on Monday in the US to a 21-month
high. Bitcoins new year climb now stands at
10%, contrasting with drops over the same period in
stocks and gold.
The
crypto market expects a green light for US spot Bitcoin
ETFs by a Jan. 10 deadline. Prospective issuers such
as BlackRock Inc., Fidelity Investments and Ark Investment
Management updated paperwork with the Securities and
Exchange Commission, and the regulator has until Wednesday
to take action on at least one of the applications.
Speculators
are wagering that the agency will announce a slew
of decisions at once to avoid handing out a first-mover
advantage. If the funds are approved, the next question
is how much money they will woo. Bitcoin is up 172%
in the past 12 months in a sign that traders anticipate
wider adoption of the token.
Participants
seem to be coming around to thinking that the initial
flows will actually exceed expectations, said
Kyle Doane, a trader at Arca.
Applicants
amended forms on Monday in the US in a final push
to offer spot Bitcoin ETF products more than a decade
after the first attempt.
SEC
Chair Gary Gensler has repeatedly argued that crypto
is rife with fraud and misconduct. The agency cracked
down on the sector following a 2022 rout and collapses
such as the bankruptcy of Sam Bankman-Frieds
FTX exchange.
But
the SEC last year lost a key legal fight against crypto
asset manager Grayscale Investments LLC, spurring
speculation that the regulator will have to acquiesce
to the spot ETFs. The spat was over the $29 billion
Grayscale Bitcoin Trusts desire to convert into
such a product.
ETF
Critics
Critics
contend that spot crypto ETFs would pose a risk for
investors given that digital assets are notorious
for volatility and attracting illicit activity.
Whats
going to happen, unfortunately, is lots and lots of
Americans in our view, are going to get hurt financially,
said Dennis Kelleher, chief executive officer of financial
reform nonprofit Better Markets.
The
months-long advance in Bitcoin has lifted the digital-asset
market more broadly, bolstering smaller tokens like
Solana and Avalanche. US crypto-linked stocks mostly
rose on Monday, providing a tailwind for Asian peers
such as Japans Monex Group and Woori Technology
Investment Co. in South Korea.
Pullback
Risk
Some
crypto watchers wonder whether Bitcoin is ripe for
a pullback if and when SEC approval finally lands,
since speculators may decide to bank a slice of profits
from the tokens rally.
There
are no signs of a so-called sell-the-news
event just yet, Chris Weston, head of research at
Pepperstone Group Ltd., wrote in a note. Based on
chart patterns, the $51,000 level is a possible target
before any such retreat, according to Tony Sycamore,
a market analyst at IG Australia Pty.
Looking
past short-term price gyrations, the main result
of Bitcoin spot ETF approval will be the marketing
machine behind greater Bitcoin awareness, powered
by some of the largest names in traditional finance,
wrote Noelle Acheson, author of the Crypto Is Macro
Now newsletter.
The
token reached a record high of almost $69,000 back
in 2021 during a pandemic-era bull run fueled by ultra-low
borrowing costs.
#Bitcoin
#BitcoinETF #ETC #crypto #cryptonews #cryptocurrencies
#SEC #markets #finance #fintech #digitalnews #digitalbiz
#digitalbusiness #newsmedia #newsfeeds #media
Bitcoin
News Media
January
8, 2024
Bitcoin
ETF Insider Leak Powers Bitcoin Price Surge Over $45,000
After $1.6 Trillion Ethereum, XRP, Solana And Crypto
Boom
Now,
as panicked traders try to get ahead of the U.S. Securities
and Exchange Commission's (SEC) "rug pull of
the decade," an insider leak has revealed BlackRock
has readied a huge $2 billion bazooka if its spot
bitcoin ETF bid is approved.
"I
heard from a pretty well placed source that BlackRock
has more than $2 billion lined up in week one in new
incremental flows from existing bitcoin holders who
are adding to positions," Matthew Sigel, head
of digital assets research at investment company VanEck,
said during an X Spaces broadcast organized by The
Block.
"I
can't vouch for that," Sigel added. "But
you know, that's what everyone is doing. Just making
phone calls and trying to find the folks who can write
checks into these products. And our estimatesthat,
you know, if that $2 billion happened in week one,
you know, that would blow away our estimates."
1/8
update: The bitcoin price has shot over $45,000 per
bitcoin as the Wall Street race to get a bitcoin spot
exchange-traded fund (ETF) to market enters its final
week. The price surge boosted the price of ethereum,
XRP and solana as traders bet a historical spot bitcoin
ETF would boost crypto prices across the board.
This
week, spot bitcoin ETF hopefuls, including BlackRock,
Fidelity and Grayscale, have met the deadline to file
their amended documents.
This
filing "is another important step towards uplisting
GBTC as a spot bitcoin ETF," Grayscale spokeswoman
Jenn Rosenthal said in a statement to Coindesk. Grayscale
has been trying to convert its bitcoin trust to a
fully-fledged spot bitcoin ETF for years, last year
successfully suing the SEC over its rejection of its
bid. "At Grayscale, we continue to work collaboratively
with the SEC, and we remain ready to operate GBTC
as an ETF upon receipt of regulatory approvals."
"Market
participants maintain expectations for the approval
of the 21Shares filing, potentially triggering a cascade
approval for all issuers," Matteo Greco, a research
analyst at investment company Fineqia International,
said in emailed comments, referring to the Ark 21Shares
spot bitcoin ETF bid that's first in line.
"Numerous
meetings between the SEC, issuers, and exchanges have
fuelled the narrative of an imminent approval. The
introduction of ETFs could usher in new investor cohorts
from traditional finance, significantly improving
market transparency and liquidity and bringing long
term capital inflow in the digital assets market."
Sigel
said VanEck was anticipating "$2.5 billion in
the first quarter of trading," a figure derived
from "past flows into the first gold ETF and
adjusting by the U.S. money supply. And we have a
$40 billion market opportunity over two years based
on a similar analysis."
"$2
billion week one into BlackRock alone would blow expectations
out of the water," Travis Kling, the chief investment
officer of Ikigai Asset Management, posted to X. "Half
that from all ETFs combined would have been a pretty
good outcome."
VanEck,
along with other spot bitcoin ETF hopefuls BlackRock,
Fidelity, Grayscale, Valkyrie, ARK 21Shares and InvescoIVZ
+1.8% have rushed to finalize their applications this
week ahead of a January 8 Monday morning deadline.
Five
SEC commissioners will reportedly vote on the spot
bitcoin ETF bids next week, according to Bloomberg,
citing an anonymous source.
#Bitcoin
#BTC #BitcoinNews #Crypto #CryptoNews #cryptocurrency
#XRP #ETF #Ethereum #BitcoinETF #BitcoinETFs #fintech
#digitalnews #newsmedia #newsfeeds #trend #trends
#buzz #hype #bitcoinnewsmedia #x #media
(Sources:
Wires, Newsfeeds, X)
Crypto
needs a new king. These are the contenders - December
15, 2023
The price of bitcoin is surging again. Major financial
firms are showing renewed interest in digital currencies.
And crypto fanatics are celebrating the end of a long
period of depressed prices and business collapses.
But
the sudden explosion of optimism has come at a turbulent
moment for the cryptocurrency industry.
The
last time crypto prices were skyrocketing, the industrys
most influential executives were Sam Bankman-Fried
and Changpeng Zhao, rival billionaires whose online
sparring could move markets. Now Bankman-Fried, founder
of the FTX crypto exchange, and Zhao, who ran the
worlds largest crypto firm, Binance, both face
prison time after parallel falls from power.
A
federal jury convicted Bankman-Fried last month on
fraud and conspiracy charges stemming from FTXs
collapse. Three weeks later, Zhao pleaded guilty to
a money laundering charge and agreed to relinquish
control of Binance.
With
the two men out of the picture, a crowded field of
crypto entrepreneurs, Wall Street executives and government
regulators are vying to control the industrys
next chapter. Their scramble for influence could determine
whether crypto survives in the United States, where
a regulatory crackdown has made it increasingly difficult
for the industry to operate.
Some
executives have argued that the crypto world needed
to purge figures like Zhao and Bankman-Fried
aggressive entrepreneurs who gave priority to growth
over compliance to win over regulators and
the public.
After Zhaos guilty plea, Brian Armstrong, CEO
of the US-based crypto exchange Coinbase, hailed the
case as a turning point for the industry.
We
now have an opportunity to start a new chapter,
Armstrong posted on social media last month. This
industry should be built right here in America, in
a compliant way, under US law.
But
the crypto world remains filled with companies that
engage in risky business practices and dont
offer much transparency about their experimental products.
There
is no intrinsic value to any of this, said Hilary
Allen, an expert on financial regulation at American
University. The only hope is to have more money
sloshing around, and more people willing to buy into
it to create demand.
Crypto
has always had its share of influential leaders. The
vision behind bitcoin, the original and most valuable
digital currency, was first laid out by someone using
the pseudonym Satoshi Nakamoto, whose mysterious identity
became its own brand.
As
the crypto world expanded, new centres of power and
influence emerged. Zhao founded Binance in 2017 and
built it into the worlds largest marketplace
for buying and selling experimental coins. The exchanges
size and reach turned Zhao into a star on Twitter,
now known as X, where he accumulated more than 8 million
followers, dismissing government lawsuits and allegations
of illegal conduct as disinformation spread by cryptos
enemies.
Zhaos
chief rival was Bankman-Fried, who appeared on billboards
and magazine covers, cultivating a persona as the
responsible adult who would help the fledgling industry
work with regulators.
In
the end, both Zhao and Bankman-Fried fell from grace.
Bankman-Fried is set to be sentenced in March and
faces the prospect of decades behind bars. Zhao is
likely to receive a lighter sentence, with prosecutors
expected to request about 18 months.
Having
those characters not in the plot any more is a really
good thing, said Jeremy Allaire, CEO of the
crypto company Circle. Im focused and
have been focused on: How do we make this useful for
the world?
A
new generation of executives is already emerging as
the industrys top cheerleaders. Paolo Ardoino,
an outspoken crypto enthusiast with a vast online
following, recently took over as CEO of Tether, the
company that oversees one of the most popular digital
currencies. At Binance, Zhao was replaced by Richard
Teng, a key executive at the exchange who had been
groomed to step into Zhaos shoes.
On
paper, Teng is Zhaos opposite. The Binance founder
was antagonistic toward regulators, while Teng is
a veteran of the Monetary Authority of Singapore,
the countrys central bank.
Binances
future is uncertain. As part of a settlement last
month, the company agreed to pay a $US4.5 billion
($6.7 billion) fine to several government agencies
and have a US monitor embedded in the business for
the next three years.
My general sense is theres a real wait
and see, Allaire said. I dont
think anyone knows the details of what that monitorship
means.
A
Binance spokesperson did not respond to a request
for comment.
Arguably
the biggest beneficiary of cryptos current reshuffle
is Coinbases Armstrong, who declared this month
that bitcoin may be the key to extending western
civilisation. Coinbases share price has
nearly tripled over the past six months, even after
the Securities and Exchange Commission sued the firm
as part of the agencys broad crackdown on the
industry.
Coinbase
is now the last man standing, said John Todaro,
an analyst at Needham who tracks the crypto industry.
Theres less competition out there.
Coinbase
has also positioned itself to profit from a potentially
seismic development in the crypto world the
possible approval of an exchange-traded fund, or ETF,
that tracks the price of bitcoin.
Having
those characters not in the plot any more is a really
good thing.
Circle
CEO Jeremy Allaire
In
recent days, bitcoins price has surged to over
$US43,000 ($65,600), its highest level since a wave
of bankruptcies sent the industry into crisis last
year. Much of the enthusiasm is fuelled by growing
confidence that the SEC is poised to approve a bitcoin
ETF that would trade on traditional stock exchanges,
potentially bringing new money into the industry.
Coinbase
has agreed to store the bitcoin that would underlie
an ETF offered by BlackRock, one of the worlds
largest asset managers. BlackRock is the biggest of
several major financial firms, including Fidelity,
that have applied to offer the investment product.
Wall
Street was once the enemy of the insurgent crypto
industry, but after a bruising 18 months of bankruptcies
and arrests, crypto proponents have greeted the collaboration
between Coinbase and BlackRock as a potential salvation.
Crypto
isnt disrupting Wall Street; its merging
with it, Allen said. Its fairly
obvious they think they can make some money
here.
Cryptocurrency-mining
Chinese principal sacked for stealing school power
supply -
12th November 2018
by
Richard Wood Cryptocurrency
machines drained electricity from a Chinese high school for almost a year before
the principal behind the illicit operation was busted. Lei's
clandestine set-up would total eight cryptocurrency machines When
a school employee reported a spike in electricity usage, the principal Lei Hua
blamed it on air conditioners and heaters, reports the South China Morning Post. Lei,
the head of Puman Middle school in Chinas Hunan province, started mining
the cryptocurrency ethereum from his home in June 2017 using one machine. But
it became such a huge electricity drain reportedly up to 21 kilowatts per
hour that he moved his operation to his schools computer room. Eventually
Leis clandestine set-up there would total eight cryptocurrency machines. In
January, the schools deputy principal purchased a mining computer and, under
guidance from Lei, also tapped into the schools power source. High
powered mining machines can generate more cryptocurrency, but become hot and noisy
and eat up huge amounts of power. Authorities
uncovered the electricity theft after reports of strange round-the-clock noises
from the schools computer room and problems with its IT network. The
schools energy surge also caused its power bill run to 14,700 yuan ($2900)
almost double compared with the previous year. Lei
was dismissed soon after and his deputy principal was reportedly issued a warning,
reports the BBC. China
started a crackdown on cryptocurrency mining operations this year amid fears of
future financial chaos. In
April, police arrested six people in Tianjin province for stealing electricity
from the local grid to power 600 bitcoin mining machines. (Nine.com.com)


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