Morning News Update #Web3
š New ETFs: Grayscale's two new crypto spot ETFs ā Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) ā are set to list on the NYSE Arca on Monday.
šļø Fed Watch: The Federal Reserve's December interest rate cut vote is reportedly in a "stalemate," with Governor Cook, under pressure from Trump, potentially holding the critical swing vote.
š Market Sentiment: Goldman Sachs partner Tony Pasquariello sees signs of a "bull capitulation" in the US stock market, anticipating further sell-offs despite strong NVIDIA earnings, as investors question the sustainability of hyper-scaler AI returns.
š¦ Banking Boost: Favorable regulatory easing by the Bank of America is predicted by Jefferies to unlock $2.6 trillion in lending capacity.
š¢ Wall Street: US major indices closed higher: Dow Jones up 1.08%, S&P 500 up 0.98%, and Nasdaq up 0.88%. Large tech stocks were mixed, with Google (+3%) and Intel (+2%) gaining, while Oracle (-5%), Netflix, Microsoft, AMD, NVIDIA, and Tesla all fell over 1%.
