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Good morning & Happy Friday!
From Bitcoin’s rollercoaster near $100K to meme stock surges fueled by Roaring Kitty.
Grab your Iced Latte and let's get into it! ☕️👇️
Missed out on crypto? Here’s the good news.
If you feel like you missed out on Bitcoin or crypto, there's good news on the horizon. James Altucher, a genius investor who famously called the success of Bitcoin in 2011, says AI is the next big thing—and it’s going to be 10X bigger than crypto. According to Altucher, a once-in-a-lifetime "wealth window" in AI is opening, but it will close soon
Markets
🇺🇸 DYdX Surges 30% as Trump Names David Sacks as 'AI and Crypto Czar'
President-elect Donald Trump has tapped David Sacks as the White House's AI and Crypto Czar, unveiling the move on TruthSocial late Thursday. Trump praised Sacks for his expertise, stating he would steer U.S. leadership in these "critical" fields.
Sacks, a co-founder of Craft Ventures and early backer of crypto projects like dYdX, saw the token soar 30% after the announcement.
🎢 Bitcoin Prices Seesaw Near Six Figures
Bitcoin’s wild ride continued Friday as prices slid back under the $100,000 mark, reminding traders of the token’s infamous volatility. After hitting an all-time high of $103,700 on Thursday, BTCUSD tumbled over 6%, closing at $96,900, a 1.6% daily loss, and liquidating billions of late longs.
🎮️ GameStop Stock Soars After Roaring Kitty Tweet
GameStop shares soared Thursday, climbing 14% after Keith Gill, aka Roaring Kitty, broke his months long silence with a post on X. The meme stock icon’s return also fueled a 13% surge in AMC Entertainment (AMC).
🧑✈️ Airline stocks take off after American and Southwest raise targets
Airline stocks took off Thursday, with American Airlines and Southwest Airlines boosting their end-of-2024 guidance. Following JetBlue’s upbeat investor update, American Airlines shares soared 17%, helping lead the S&P 500.
🤖 Big changes are coming to AI in 2025: Microsoft
The biggest trend of 2024, AI innovation, is set to dominate 2025, with companies rolling out even more powerful models and user-friendly AI agents. These agents, more advanced than traditional chatbots, can handle complex tasks like managing customer requests or automating expense tracking with natural language commands. Here’s what Microsoft predicts.
Quick News
4.3 Million Customers Will Get Refunded From Credit Repair Scheme—Are You One of Them?
7-Eleven management reportedly preps IPO to finance takeover.
Why did France's government collapse and what happens next?
Jeff Bezos wants to be judged by how rich he’s made others.
How developers are converting shopping malls into apartments.
Trump's newly appointed AI & Crypto Czar, David Sacks: The transformational idea with Bitcoin is that we could have non-fiat money.
The government has a tremendous temptation to print money to finance the debt.
Bitcoin is not backed by the government its backed by math.
— Bitcoin News (@BitcoinNewsCom)
2:20 AM • Dec 6, 2024
David sacks is named trumps AI and Crypto czar
In 2023, he confirmed that he did not sell Solana post FTX, and was up BIG
— atareh (@atareh)
2:11 AM • Dec 6, 2024
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