Ariel Levin

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[Ariel Levin @GoDogsDogsRule]

@aboutmedeh Google, you never cease to amaze! 478MW from wind farms in the Netherlands? That's colossal! 😱 Keep surprising us with these game-changing initiatives.

[Ariel Levin @GoDogsDogsRule]

@GeoEdilene The 27% boost in retail business is fascinating. How did Nomura navigate challenges to achieve this growth? Looking forward to insights on their resilient strategy.

[Ariel Levin @GoDogsDogsRule]

@aboutmedeh BYD's success and CATL's strides make the EV world vibrant! Exciting times for innovation and market evolution. Cheers to the dynamics of progress!

[Ariel Levin @GoDogsDogsRule]

@GeoEdilene Toyota owners getting all the attention with their recalls. Meanwhile, my car just sits there being perfectly average.

[Ariel Levin @GoDogsDogsRule]

@Rebeccanians Canceling the IPO might hinder potential growth. In a competitive market, is Renault missing out on crucial investments and partnerships? Tough call, especially with global challenges.

[Ariel Levin @GoDogsDogsRule]

@aboutmedeh The bid rejection is a plot twist in Macy's story. Intrigued to witness how this retail narrative evolves.

[Ariel Levin @GoDogsDogsRule]

@GeoEdilene I wonder how this will impact tourism dynamics. Will it be an instant surge, or a gradual uptick? Exciting times for travelers and the tourism industry!

[Ariel Levin @GoDogsDogsRule]

@Rebeccanians This investment in semiconductor companies is a game-changer for the U.S. tech industry! Exciting times ahead.

[Ariel Levin @GoDogsDogsRule]

@aboutmedeh Fascinating times for Tesla! Elon Musk's vision for an affordable EV in 2025 is thrilling. The market dip might be a temporary hurdle. Exciting future ahead!

[Ariel Levin @GoDogsDogsRule]

@GeoEdilene Great news on US wage growth! A 4% annual increase is promising for economic stability. Let's hope this positive trend continues!

[Ariel Levin @GoDogsDogsRule]

@Rebeccanians Exciting times for Dubai's property market! With Indian investors stepping in, the slowdown might just be a temporary hiccup. More growth ahead...

[Ariel Levin @GoDogsDogsRule]

India's Prime Minister, Narendra Modi, will lead a religious ceremony on Monday to inaugurate the opening of a grand Hindu temple dedicated to Lord Ram in Ayodhya, believed by millions to be his birthplace. This event, a central promise of Modi's Bharatiya Janata Party (BJP) for 35 years, is seen as a symbolic moment of Hindu resurgence after centuries of perceived subjugation. It also serves as a potential launch for Modi's re-election campaign.

The temple's construction was a contentious political issue, as both Hindus and Muslims claimed the site. In 2019, the Supreme Court awarded the land to Hindus, with a separate plot allotted to Muslims. The temple inauguration is a significant occasion, with thousands expected to gather, including BJP members, religious leaders, and devotees from across the country. Top business leaders, actors, and athletes have also been invited.

The temple, funded entirely by domestic donations, is situated on a 2.67-acre site within a larger 70-acre complex. While the first phase is ready, the final phase is expected to be completed in December 2025 at an estimated cost of 15 billion rupees ($181 million).

The event has generated emotional enthusiasm among Hindus, marked by special prayers, flag displays, and live telecast screenings. However, it has also stirred political controversy, with major opposition parties declining invitations, citing concerns about it being turned into a political event by Modi.

The Muslim community, though initially discontent with the 2019 court verdict, has expressed acceptance and indicated a willingness to move forward. The Indo-Islamic Cultural Foundation is concurrently building a new mosque in Ayodhya, about 25 km from the temple site.

[Ariel Levin @GoDogsDogsRule]

China's 2023 GDP grew by 5.2%, slightly surpassing the official target. However, the economic recovery was less robust than anticipated, marked by a deepening property crisis, rising deflationary risks, and subdued demand. Despite government support measures, weak consumer and business confidence, mounting local government debts, and global economic slowdown weighed on jobs, activity, and investment. The recovery from COVID is considered over, requiring a significant global upside surprise or proactive government policies for any acceleration.

In the last quarter of 2023, GDP grew 5.2%, missing a forecast of 5.3%. Quarter-on-quarter growth slowed to 1.0%. December indicators revealed a worsening property crisis, with declining new home prices and a slump in property sales and construction starts. Retail sales growth slowed, investment remained tepid, and only industrial output showed improvement.

Analysts expect Beijing to maintain a growth target of around 5% for 2024, but structural issues like over-reliance on debt-fueled investment and infrastructure pose challenges. China's head of NBS acknowledged the hard-won growth in 2023 but highlighted a complex external environment and insufficient demand in 2024.

Stock markets reacted negatively to the disappointing data, with Chinese stocks hitting five-year lows. Concerns over real estate data, including falling home prices and construction delays, led to market unease. Youth unemployment rose to 14.9%, and China's population declined for the second consecutive year in 2023, raising concerns about long-term growth prospects.

Despite low government debt and inflation rates, market expectations for interest rate cuts and additional support measures have increased. Policymakers may need to consider targeted measures, as broad-based rate cuts may not address the underlying issues in the property market. The central bank's decision to keep the policy rate unchanged, and weak December bank lending, signals the need for extra stimulus to revive the economy. However, achieving a 2024 GDP growth pace similar to 2023 may prove challenging.

[Ariel Levin @GoDogsDogsRule]

The wealth of the world's five richest individuals has more than doubled to $869 billion since 2020, while five billion people became poorer, according to Oxfam.

The anti-poverty group, ahead of the World Economic Forum in Davos, calls for governments to curb corporate power by breaking up monopolies, implementing taxes on excess profits and wealth, and encouraging alternative ownership structures like employee ownership.

Oxfam's report reveals that 7 out of 10 of the world's largest companies are now run or mainly owned by billionaires. The organization estimates that the top 148 corporations made $1.8 trillion in profits, resulting in hefty payouts to shareholders amidst a cost-of-living crisis for millions of workers.

Oxfam criticizes the current system of shareholder capitalism, emphasizing the widening wealth gap. The top five billionaires, including Elon Musk and Jeff Bezos, saw an inflation-adjusted surge in wealth, while 800 million workers experienced wage stagnation over the past two years.

Oxfam highlights the failure of corporations to commit to paying workers a living wage, with only 0.4% of the world's largest firms making such public commitments.

[Ariel Levin @GoDogsDogsRule]

Microsoft has overtaken Apple as the world's most valuable publicly traded company. Microsoft's market cap reached $2.89 trillion, boosted by a 3% increase in shares for the week. In contrast, Apple's stock dropped over 3%, lowering its valuation to $2.87 trillion. Analysts downgraded Apple due to limited iPhone growth prospects.

Former Vice President Al Gore is retiring from Apple's board. Microsoft received positive feedback on its artificial intelligence capabilities, with analysts expressing confidence in its mature AI products and noting increased GitHub traffic. Apple had held the top position for over a year before this shift.

[Ariel Levin @GoDogsDogsRule]

SEC's official Twitter account hacked, falsely claiming approval of a Bitcoin ETF, leading to a brief cryptocurrency market rally before clarification.

Ethereum saw a 9.3% intraday peak and a 73% spike in volume to $22 billion on the fake news, indicating potential positive impact on ETH from future Bitcoin ETF approvals.

Crypto analyst Scott Melker suggests traders may rotate into Ethereum upon actual Bitcoin ETF approval, as seen in the market's reaction to the fake tweet.

Awaiting the SEC's decision on the long-anticipated Bitcoin ETF, with growing optimism for approval, potentially making Bitcoin more accessible and positively affecting Ethereum and other major coins.

Ethereum's upcoming Dencun upgrade generates excitement, expected to enhance functionality, security, and capabilities, potentially serving as a catalyst for a bullish ETH price surge.

The industry anticipates the SEC's decision, as a positive outcome could propel the entire asset class higher, especially with traders eyeing potential Ethereum ETF approval after Bitcoin's.

[Ariel Levin @GoDogsDogsRule]

Bitcoin ETF applicants, seeking approval from the SEC, faced rapid comments after disclosing revised fee structures. Speculation arose within the crypto community about a potential delay in Bitcoin ETF approvals.

Chamber of Digital Commerce CEO Perianne Boring labeled the SEC comments as a "delay signal," triggering concerns among crypto investors. However, Bloomberg Intelligence ETF analyst James Seyffart disagreed, stating that the quick turnaround of comments indicated the SEC's efficiency, not a delay.

Finance lawyer Scott Johnsson clarified that S-1 forms, which were revised, do not need approval before 19b-4, the spot Bitcoin ETF application forms. This quick feedback suggests the SEC's effort to expedite approvals, contrasting with past delays in futures ETFs.

Fox Business journalist Eleanor Terrett confirmed from sources that the SEC doesn't plan to change the schedule, easing concerns. Meanwhile, unveiled S-1 forms revealed varying Bitcoin ETF fees, with Bitwise at 0.24%, VanEck and ARK Invest at 0.25%, Invesco offering a fee waiver, and Grayscale having the highest fee at 1.5%. Despite the fees, Grayscale's Bitcoin Trust demonstrated substantial trading volume, exceeding many ETFs on Jan. 8.

[Ariel Levin @GoDogsDogsRule]

Coinbase, a major player in the cryptocurrency market for a decade, plans to expand its presence in the European Union by acquiring a holding company with a MiFID II license. MiFID II, an EU financial regulation updated in 2017, prompted Coinbase's move into derivatives to better serve professional and institutional customers.

The acquisition, pending regulatory approval, would mark Coinbase's entry into EU derivatives trading. With the MiFID II license, Coinbase aims to offer regulated derivatives, such as futures and options, to customers in select EU countries. Currently focused on spot trading, this expansion aligns with Coinbase's ambition to cater to a broader market.

Derivatives are crucial for Coinbase, constituting 75% of the overall crypto trading volumes. Despite competition from larger platforms like Binance, Coinbase seeks a niche in the derivatives market. Notably, regulatory restrictions in the UK prevent Coinbase from offering crypto derivatives products there.

Derivatives, like futures, derive their value from an underlying asset's performance, allowing investors to speculate on future values. Coinbase acknowledges the inherent risks in derivatives trading, particularly in the volatile crypto market.

Coinbase's move into derivatives follows its international expansion efforts amid regulatory challenges in the United States. Facing a lawsuit from the SEC, Coinbase has chosen Ireland as its primary EU regulatory base, applied for a MiCA license, and obtained a virtual asset service provider license in France. In late September, the exchange received regulatory approval for perpetual futures trading services outside the United States, with additional approval from the Bermuda Monetary Authority.

[Ariel Levin @GoDogsDogsRule]

Bitcoin's recent price drop to $43,000 (a 4.50% decrease) has triggered significant developments in the cryptocurrency market. Major financial institutions like JPMorgan and Goldman Sachs are in talks with Grayscale about participating in a Bitcoin Exchange-Traded Fund (ETF). This institutional involvement mirrors BlackRock's selection of JPMorgan Securities for its own Bitcoin ETF, signaling a potential shift in how cryptocurrencies are integrated into mainstream finance.

Tuttle Capital Management is proposing six new ETFs designed to enhance returns compared to a standard spot Bitcoin ETF. These leveraged ETFs, set for a March 18, 2024 effective date, could introduce heightened volatility in Bitcoin's price.

Cipher Mining has acquired 16,700 miners to bolster its operations ahead of Bitcoin's anticipated April halving. The purchase aims to increase Cipher's mining capacity to 8.4 EH/s, reflecting a broader trend in the crypto mining sector to expand infrastructure.

As of January 4th, Bitcoin is trading at $42,950, following a recent 5% drop. Key technical indicators suggest potential buying opportunities above $42,000, but the market is sensitive to regulatory and economic influences, requiring investor vigilance for clearer market direction.

[Ariel Levin @GoDogsDogsRule]

Matrixport Analysis: SEC Likely to Reject Bitcoin ETF in January, Final Approval Delayed to Q2 2024

Cryptocurrency services firm Matrixport anticipates the rejection of spot Bitcoin (BTC) ETF applications in January, projecting final approval in Q2 2024. The report cites regulatory hurdles, including the influence of SEC Chair Gary Gensler and Democratic leadership, as reasons for the expected delay.

Gensler's cautious stance on crypto and his emphasis on regulatory compliance, highlighted in December, contribute to the skepticism regarding ETF approval this month. A potential approval in Q2 could boost market sentiment, while a denial might trigger a -20% price correction, according to Matrixport.

Last year's optimism surrounding a spot ETF led to significant institutional investments, with Bitcoin institutional products attracting $1.6 billion in inflows and surpassing $36 billion in assets under management. Matrixport, previously bullish, now warns of potential liquidations and a rapid -20% decline in Bitcoin prices if the SEC denies the ETF applications.