FameEX Morning Crypto News Recap | December 4, 2023
2023-12-04 12:22:15
Skybridge Capital Founder Scaramucci Forecasts Major Wall Street Capital Influx into Spot Bitcoin ETFs
Skybridge Capital's founder, Anthony Scaramucci, anticipates a substantial influx of capital from Wall Street into spot Bitcoin exchange-traded funds (ETFs) once approved by the U.S. Securities and Exchange Commission (SEC). Scaramucci predicts over $100 billion may enter the Bitcoin market, driven by the salesforces of major institutions, following spot Bitcoin ETF approvals.
TVL in DeFi Nears $50 Billion, Surging 34.40% in 46 Days, Driven by Top Protocols
The total value locked (TVL) in decentralized finance (DeFi) is closing in on the $50 billion mark, currently standing at $48.91 billion. This marks a significant rebound from the low point of $36.39 billion just 46 days ago, on October 18. Over this period, DeFi has experienced a robust growth of 34.40%, highlighting its resilience and expansion in the cryptocurrency ecosystem.
Gold's Value Nears Record Level Amid Global Unrest, Rises to $2,071 per Ounce This weekend saw the price of pure gold per ounce nearly hit a historic high at $2,071, closely mirroring the August 7, 2020 record of $2,072.50 set during the Covid-19 pandemic. This marks a notable high point in gold's value, reflecting its significance in periods of global turmoil. Robert Kiyosaki Forecasts Significant Market Crash, Potential War, and 'Tough Times Ahead' for Numerous People "Rich Dad Poor Dad" author Robert Kiyosaki forecasts a significant U.S. economic crisis, with potential for a market crash, a new Great Depression, and war. He highlights the tough times ahead, advising on the importance of readiness and investing in assets like gold, silver, and bitcoin for stability. Jamie Dimon, CEO of JPMorgan, Alerts on Increasing Interest Rates and Possible Recession — Assures He's 'Not Aiming to Cause Panic' JPMorgan Chase CEO Jamie Dimon warns of possible challenges in the U.S. economy, focusing not on causing fear but on readiness for risks. He points out various hazardous and inflationary elements, warning that rising interest rates might result in a recession, and advocates for proactive measures in anticipation of these challenges. November Sees Bitcoin Miners Achieve Record 2023 Revenue of $1.16 Billion November 2023 saw a landmark achievement in bitcoin mining, as miners amassed a record $1.16 billion in revenue, the year's highest. The month stood out not just for its impressive total earnings but also for the unprecedented amount of monthly fees gathered by miners, a noteworthy accomplishment in the realm of cryptocurrency mining. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.