✅ The S&P 500 failed to push toward a new ATH, and BTC followed equities, pulling back to $90k. Waiting for Wednesday - the markets need a catalyst 🙏
Monday's news:
🔸 Media: U.S. authorities are ready (https://x.com/KobeissiLetter/status/1998090396371759165) to allow Nvidia AI-chip shipments to China
🔸 The new U.S. National Security Strategy does not mention cryptocurrencies 🫡
🔸 Strategy purchased (https://www.strategy.com/press/strategy-acquires-10624-btc-and-now-holds-660624-btc_12-08-2025) an additional 10,624 BTC for $962M
🔸 Trump decided to personally intervene in the deal between Netflix and Warner Bros. - and Netflix probably won't like that
🔸 Binance caught an employee using insider information for personal gain
🔸 The U.S. Department of Labor canceled (https://x.com/KobeissiLetter/status/1998062102255128590) the October PPI inflation report. The aftermath of the shutdown is still affecting the markets
🔸 During Q3, Harvard University increased (https://x.com/WuBlockchain/status/1997908568629264638) its Bitcoin ETF holdings to $443M and its gold ETF holdings to $235M
🔸 Tesla's Optimus robot malfunctioned during an event - possibly operated by a human rather than AI 🫢
🔸 The Abu Dhabi regulator granted (https://www.binance.com/en/blog/regulation/135414587642456580) a license to Binance and approved (https://tether.io/news/tethers-usdt-recognised-as-accepted-fiat-referenced-token-in-abu-dhabis-adgm-for-use-on-several-major-blockchains/) USDT usage for institutional clients
🔸 The SEC concluded its two-year investigation into Ondo Finance with no charges
🔷 Rates:
Bitcoin - $90,047 (↓1.62%)
S&P 500 - 6,830 (↓0.58%)
Gold - $4,185 (↓0.32%)
Brent Oil - $62.42 (↓2.29%)
