News

Robinhood Markets, Inc. (HOOD) launched a new prediction markets hub, allowing users to trade on the outcome of real-world events like the target federal funds rate and the College Basketball Tournaments. HOOD shares rose 9.25% following the announcement, reflecting investor enthusiasm for this innovative platform.

Butterfly Network, a digital health company providing portable ultrasound technology, exceeded expectations with a 35% year-over-year sales increase in the fourth quarter. Analysts are optimistic about the company's future growth potential, particularly in the homecare market, and believe the current share price undervalues its potential.

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.