π The head of OTC trading at Wintermute, one of the world's largest crypto market makers, has reported significant activity in call option purchases for BTC with strike prices ranging from $98,000 to $100,000 since the beginning of the year. Large traders are betting on a rise in BTC this quarter.
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mt in max
π Tom Lee, co-founder of Fundstrat and chairman of BitMine, believes that the bullish cycle for BTC is not over. He suggests that BTC could set a new record, while ETH is poised for significant growth in the first quarter of 2026. Lee describes the current market pause as a breather following three years of intense growth.
β¨ The passage of the CLARITY Act is crucial for the long-term future of cryptocurrencies in the United States. This legislation will enshrine key principles into law, providing a solid foundation for further growth, according to the CEO of Bitwise.
π¨ Florida lawmakers have introduced Bill 1039 in the House, aimed at establishing a BTC reserve at the state level.
β οΈπ·πΊπΊπΈ The incident involving the tanker Marinera could escalate military-political tensions in the Euro-Atlantic region. The Russian Foreign Ministry has officially protested the United States regarding its pursuit of the Marinera. Moscow has urged Washington to cease the illegal seizure of the tanker and return to the norms of international navigation. For more details, visit here.
β οΈπ¬π± The European Union has proposed the consideration of sending troops to Greenland, according to a report by Politico.
π’π¨π³ After halting oil supplies from Venezuela, Chinese refineries are seeking alternative sources of oil, including Canada and Iran, according to BBG/RTRS. Former President Trump previously stated that there would be no issues with China as it would secure its oil supply.
β οΈπ·πΊ Russian stocks are experiencing another surge, as recent monitoring reveals significant activity. Investors are closely watching the market's fluctuations, which have been marked by notable volatility. The latest trends suggest a renewed interest in Russian equities, prompting discussions among analysts about potential future movements. For more information, visit here.
πΊπΈ Miran, a Trump appointee at the Federal Reserve, has stated that the Fed should reduce interest rates by 1.5% this year. Since the beginning of the year, Miran has been advocating for a significant rate cut during TV broadcasts before market openings, emphasizing that such a move would reassure everyone, including grandmothers in Kansas, about the state of the economy and the stock market.
π Upcoming Events
πΊπΈ The United States will release Initial Jobless Claims at 16:30 MSK. Additionally, the Trade Balance for October will also be announced at the same time.
πΊπΈ The United States will release Initial Jobless Claims at 16:30 MSK. Additionally, the Trade Balance for October will also be announced at the same time.
π¨ The United States has reported its Initial Jobless Claims at 208,000, slightly below the expected 213,000 and an increase from the previous week's 200,000. Meanwhile, Continuing Jobless Claims stand at 1.914 million, surpassing expectations of 1.9 million and up from the earlier figure of 1.866 million, which was revised to 1.858 million.
π¨πΊπΈ The United States' trade balance for October reported a deficit of $29.4 billion, significantly better than the expected $58.1 billion and a decrease from the previous figure of $48.1 billion. This marks the lowest trade deficit recorded since 2016.
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π’πΊπΈπ»πͺ JD Vance, a potential future U.S. president, revealed that while everyone was celebrating, the U.S. gifted itself a new resource-rich colony for the New Year.
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mt Π² max
π¨ The U.S. Treasury Secretary, Janet Yellen, has urged the Federal Reserve to lower interest rates. This call comes amid ongoing economic challenges, as the government seeks measures to stimulate growth and manage inflation effectively.