A CME gap is a price difference on the Bitcoin futures chart from the Chicago Mercantile Exchange (CME) that happens because the CME is closed on weekends. While Bitcoin trades 24/7 on regular crypto exchanges, CME futures stop trading from Friday to Sunday. If Bitcoin’s price moves during that time, the CME chart will show a gap when it reopens on Sunday evening.
These gaps often get "filled," meaning the Bitcoin price later returns to that level.
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is retiring in 2025 after a 60-year career. Under his leadership, Berkshire grew from a struggling textile firm into a $780 billion investment giant. His best investments include: Apple: Turned a $35B investment into $173B by 2023. Coca-Cola, American Express, See’s Candies, GEICO, and BYD: Long-term holdings with massive returns. His worst investments: Dexter Shoe Company: Resulted in major losses. Original Berkshire textile
Trump Plans 100% Tariff on Foreign Films, Deepening Trade War
President Donald Trump announced plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies to the entertainment sector. Trump positioned foreign productions as a national security threat, saying other nations were using films for messaging and propaganda. The tariff's implementation and details are unclear, with questions surrounding how it would work and how movies would be valued for tariff collection purposes. Trump Suggests Some Trade Deals May Come a
Strategy’s $84B Bitcoin Plan Gets Wall Street Support
Strategy (MSTR), led by Bitcoin advocate Michael Saylor, is doubling its Bitcoin investment plan from $42 billion to $84 billion through stock and debt sales. Wall Street analysts at Benchmark and TD Cowen support the move, calling it bold but realistic due to Strategy’s $111 billion market cap and strong trading volume. The company has already raised $28.3 billion and aims to raise the rest over the next 32 months.
Strategy also raised its 2025 performance targets: a 25% Bitcoin yield (up from
BlackRock raises $100,000 in seed funding for Bitcoin ETF – SEC filing
BlackRock and other financial giants have entered the race to launch the first spot Bitcoin ETF in the United States.
The world’s largest asset manager, BlackRock, received $100,000 in seed funding from an unknown investor for its exchange-traded fund (ETF) in October 2023, according to its latest United States Securities and Exchange Commission (SEC) filing. The SEC filing revealed that the investor agreed to purchase 4,000 shares for $100,000 on Oct. 27, 2023, at $25.00 per share, with the investor “acting as a statutory underwriter with respect to the Seed Creation Baskets.”
The latest filing by BlackRock also revealed certain details on the asset manager’s plans to pay the sponsor’s fee, where it plans to borrow Bitcoin or cash as trade credit from the trade credit lender on a short-term basis. BlackRock can “charge their fees” via a loan instead of having to sell BTC (the ETF asset). That way, they “don’t impact BTC price that much.” #BinanceTournament #BRC20 #AltCoinSeason #JTO #ORDI #BlackRock