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May 26 News Express
May 26 News Express

Cointime·2024/05/26 10:25
Donald Trump, once a Bitcoin skeptic, declares support for crypto in Truth Social post
Donald Trump, once a Bitcoin skeptic, declares support for crypto in Truth Social post

Shortly before his scheduled address at the Libertarian National Convention, former President Donald Trump declared he’s feeling “positive and open-minded” to the cryptocurrency industry. Trump had previously expressed distrust of cryptocurrencies, but has changed his opinion as part of the 2024 election cycle and following a Trump-branded NFT project.

The Block·2024/05/25 22:01
TD Cowen says Ethereum ETFs clear the way for more crypto funds
TD Cowen says Ethereum ETFs clear the way for more crypto funds

Fresh from the approval of spot Ethereum ETFs, the major investment bank sees approval of other funds, such as a fund that tracks a basket of coins, as only a matter of time, though the SEC’s internal approach to crypto hasn’t changed.

The Block·2024/05/25 20:13
Flash
12:57
The U.S. inflation rate has reached a 3-year high, potentially reinforcing market expectations of a Fed rate hike later this year.
BlockBeats News, June 25th, the U.S. inflation rate for May surged to 4.1%, reaching the highest level in over three years, while consumer spending increased by 0.3%, demonstrating demand resilience. At the same time, first-quarter GDP was also revised up to 2.1%. Analysts pointed out that this stronger data is likely to enhance the market's expectation of the Federal Reserve raising interest rates later this year.
12:54
Buffett's Disciple Who Sold Micron: Semiconductor Stock Party Is Just Starting, Most People Should Be Buying the Index
BlockBeats News, June 25th. "Buffett Disciple," globally renowned value investor Mohnish Pabrai, who had built a position in Micron in 2017 and completely exited by September 2023, only making about double his investment; two years after his exit, Micron's stock price surged over 15-fold, resulting in a potential opportunity loss of around $20 billion. In his dealings with SK Hynix, he made a similar premature sell-off. On June 22nd, he revisited some of his most painful trading mistakes in an episode of a South Korean interview program called "Insider Info": "Very regrettable. I violated my own principles by selling off a company that I should have held forever." During the program, he advised ordinary investors: "More than 99% of people should directly buy index funds; if you cannot reasonably assess a stock's cash flow for 10-20 years, you should not buy individual stocks." At the same time, public information indicates that his current Q1 2026 portfolio is heavily invested in cyclical stocks (such as Warrior Met Coal and Transocean Ltd.). When the host asked, "What advice do you have for investors currently holding Korean semiconductor stocks," Pabrai responded without hesitation: "If you already hold them, don't sell. The party is just getting started."
12:44
Rosen Law Firm investigates Strategy over alleged securities misrepresentation
Rosen Law Firm announced an investigation into Strategy (MSTR), a company under Michael Saylor, and STRC regarding potential securities law claims. The law firm is assessing related investor losses and potential legal liabilities.
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