US Morning News Call | Trump Orders Development of AI Action Plan and Intensifies Removal of Biden's AI Efforts
Biggest Stock Movers Friday: Crypto Stocks, TXN, and More
A significant Bullish development in the crypto circle! Trump establishes a Cryptos working group to explore the creation of a national reserve.
① The President of the USA, Donald Trump, signed an executive order on Thursday to establish a Cryptos working group, led by David Sacks, with members including the Secretary of the Treasury, the Attorney General, and others. ② The working group is required to submit a report within 180 days, proposing regulatory and legislative recommendations for digital Assets, and assessing the feasibility of establishing a national digital Assets reserve.
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Trump appointed Mark Uyeda as the acting chair of the SEC in the USA, and immediately established a working group on Cryptos.
Upon taking office, Ulyada, who is regarded as a supporter of Cryptos, initiated reforms in Cryptocurrency policies. On Tuesday, he announced the establishment of a Cryptocurrency Enforcement Task Force within the SEC, which will build a regulatory framework. Driven by this news, Bitcoin's intraday increase reached 3.0%, priced at $106,290. Trump previously announced that he plans to nominate former SEC commissioner Paul Atkins as the SEC chairman; however, the USA Senate has yet to schedule a confirmation hearing for Atkins.
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MicroStrategy Buys 11,000 Bitcoin, Total Holdings Reach 461,000 BTC
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MicroStrategy Says Between January 13, 2025 And January 20, 2025 Sold 3,012,072 Shares Raising $1.1B; $5.42B Shares Still Available. Acquired 11,000 Bitcoins For $1.1B At $101,191 Each, Total Holdings Now 461,000 Bitcoins Valued At ~$29.3B
Is the "Trump fever" turning into instant wealth? The excitement in the cryptocurrency market is fading, and newcomers in the coin circle are exiting after experiencing liquidation.
① The virtual MMF market is highly volatile, unlike traditional stock markets, preserving capital is the priority; ② Analyzing virtual MMFs using traditional fundamentals, valuation methods, etc., is difficult and not suitable for ordinary investors.
Mag 7 is no longer fresh, let's get to know MAGA 7.
"MAGA 7" refers to the seven stocks that had a market cap exceeding 15 billion dollars on November 5 and experienced the largest increase in share price since Trump won the election. This includes AppLovin, Robinhood, MicroStrategy, Tesla, Ubiquiti, Coinbase, and Williams-Sonoma.
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