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#$BTC
The rebound comes amid a planned crypto summit hosted by Donald Trump and BlackRock’s inclusion of bitcoin in its model portfolios.
The rebound comes amid a planned crypto summit hosted by Donald Trump and BlackRock’s inclusion of bitcoin in its model portfolios.
#TRUMPOnBinanceFutures TRUMPOnBinanceFutures On January 18, 2025, Binance Futures introduced the TRUMPUSDT Perpetual Contract, allowing traders to engage with the Official Trump (TRUMP) meme token at up to 25x leverage. This launch coincides with President-elect Donald Trump's plans to implement crypto-friendly executive orders, aiming to reduce regulatory burdens and promote digital asset adoption. The TRUMP token, recently launched and endorsed by Trump on social media, has seen significant market activity, with a current price of $13.00 and a market capitalization of $2.60 billion. Binance's introduction of the TRUMPUSDT Perpetual Contract reflects the growing integration of political developments and cryptocurrency markets, offering traders new opportunities in the evolving digital asset landscape.
#BNBBhutanReserves
Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) will be incorporated into the strategic reserves of Gelephu Mindfulness City (GMC), a recently created Special Administration Region in Bhutan. This shows the dedication the area is to economic resiliency and innovation. Moreover, it positions GMC as a global pioneer in leveraging blockchain for financial stability.
Strategic Shift Toward Digital Assets
GMC’s decision to hold digital assets stems from their high market capitalization and deep liquidity. This ensures minimal price impact during trades. Furthermore, the region prioritizes assets on mature and secure blockchains, supporting transparent on-chain transaction monitoring. Besides financial stability, this initiative reinforces GMC’s focus on fostering a blockchain ecosystem.
Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) will be incorporated into the strategic reserves of Gelephu Mindfulness City (GMC), a recently created Special Administration Region in Bhutan. This shows the dedication the area is to economic resiliency and innovation. Moreover, it positions GMC as a global pioneer in leveraging blockchain for financial stability.
Strategic Shift Toward Digital Assets
GMC’s decision to hold digital assets stems from their high market capitalization and deep liquidity. This ensures minimal price impact during trades. Furthermore, the region prioritizes assets on mature and secure blockchains, supporting transparent on-chain transaction monitoring. Besides financial stability, this initiative reinforces GMC’s focus on fostering a blockchain ecosystem.
#USJoblessClaimsDrop
The number of initial jobless claims in the US has decreased to 201,000 in the week ending January 4, 2025, marking an 11-month low. This drop of 10,000 claims from the previous week's 211,000 is a positive sign for the labor market. The 4-week moving average also declined to 213,000, indicating a downward trend in unemployment claims ¹.
In contrast, outstanding unemployment claims, also known as continuing jobless claims, increased by 23,000 to 1,867,000 in the previous week. However, this is still below the expected number of 1,870,000 ¹.
These numbers suggest that the US labor market is showing resilience, despite concerns about a potential recession. The decrease in initial jobless claims indicates that fewer people are losing their jobs, while the increase in continuing claims may reflect a slower pace of hiring.
The number of initial jobless claims in the US has decreased to 201,000 in the week ending January 4, 2025, marking an 11-month low. This drop of 10,000 claims from the previous week's 211,000 is a positive sign for the labor market. The 4-week moving average also declined to 213,000, indicating a downward trend in unemployment claims ¹.
In contrast, outstanding unemployment claims, also known as continuing jobless claims, increased by 23,000 to 1,867,000 in the previous week. However, this is still below the expected number of 1,870,000 ¹.
These numbers suggest that the US labor market is showing resilience, despite concerns about a potential recession. The decrease in initial jobless claims indicates that fewer people are losing their jobs, while the increase in continuing claims may reflect a slower pace of hiring.
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