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🇺🇸 Made In USA
Trump wants Bitcoin in the USA. Plus, what is going on with RIOT?
Sebastian Soran
June 12, 2024
Happy Wednesday, Zingernation! Donald Trump wants “all the remaining Bitcoin to be made in the USA.” Ok…that escalated quickly.
Today, we cover what Bitcoin’s rebound ahead of the FOMC meeting, what is up with Bitcoin mining stock RIOT and more.
Plus, our partner brings a first-of-its-kind digital solution to the global commodities supply chain sector.
MARKET SNAPSHOT
TOP STORY
Briefly: Consumer price inflation data came in flat for May, which beat the 0.1% estimate and previous month’s 0.3% rise.
So Basically: The market had anticipated good news on Wednesday and the CPI print did not disappoint. The “best possible news,” as one trader put it.
So Then: Bitcoin is duly up to $69,500 and the entire market has rallied. All-time highs could be back on the menu if…
So What: …if the Federal Reserve plays ball and puts interest rate cuts back on the table. The much-anticipated FOMC meeting is later today.
TOGETHER WITH RESOURCE STOCK DIGEST
Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls!
And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.
One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector.
For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.
Click here to read more.
FIVE ZINGERS
Made In USA: Donald Trump has become very pro-crypto, but now he doubled down and wants to make Bitcoin mining made in the USA.
Undervalued: That’s Ethereum, according to one top crypto trader. What his plan is and how high he sees Ethereum still going.
Seller’s Regret: Donald Trump also had a nice bag of ETH but he sold some of it. Sad! Considering Ethereum is “undervalued,” here’s how much Trump missed out on…
SHIB ETF: The Shiba Inu community is giving an ETF its best shot and has collected 10,000 signatures for a SHIB ETF. Hopeless or a real possibility?
Unstable: That’s the Bitcoin market, according to gold bug Peter Schiff. And ETF buyers are making matters even worse instead of helping.
FINTECH FOCUS
Briefly: RIOT shares have been volatile amid ongoing developments surrounding a potential takeover attempt of Bitfarms Ltd.
What Happened: Shares are moving higher Wednesday after the company commented on the recent adoption of a shareholder rights plan.
What Else: RIOT’s offer has been deemed insufficient by Bitfarms but it may pursue a hostile takeover.
Why It Matters: On Wednesday, Riot issued a press release commenting on the newly announced shareholder rights plan, which it called “shareholder unfriendly.”
TOGETHER WITH RESOURCE STOCK DIGEST
Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls!
And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.
One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector.
For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.
Click here to read more.