Peter Schiff, a prominent Bitcoin critic, highlighted the surge in gold prices and the decline in Bitcoin's value, arguing that market momentum is swinging back toward gold. He believes that Bitcoin's potential collapse could lead to mass sell-offs and raise doubts about its status as a store of value.
President Trump's tax cuts and aggressive tariff policies have significantly impacted the cryptocurrency market, causing volatility and prompting an ETF-driven sell-off in Bitcoin. The interplay of these policies, alongside the Strategic Bitcoin Reserve, has created a complex landscape for crypto investors, with potential for both increased investment and short-term volatility.
Renatus Tactical Acquisition Corp I, a SPAC affiliated with GCAG, filed for a $175 million IPO, targeting high-growth companies in cryptocurrency, blockchain, and data security sectors. The SPAC, led by Devin Nunes and Eric Swider, will leverage GCAG's expertise to identify promising acquisition targets.
Getty Images Holdings, Inc. (GETY) surpassed analyst expectations in its fourth-quarter earnings report, with earnings per share of six cents exceeding the four-cent estimate and revenue of $247.3 million exceeding the $246.31 million estimate. The company also reported a year-over-year increase in revenue and a significant portion of revenue coming from annual subscriptions.
Meta Platforms Inc. faced renewed scrutiny over its global expansion efforts after former executive Sarah Wynn-Williams alleged the company attempted to break into the Chinese market with a censorship tool and engaged in controversial lobbying tactics in India. Meta denied the claims, stating they did not pursue the proposed censorship tool and that the allegations are outdated.