#results of the week
Gary Gensler is leaving, Solana is updating its maximum, and the ruble is breaking the bottom – we summarize the week's results.
💸 Cryptocurrencies
📍 SEC Chairman Gary Gensler will leave his position on January 20, 2025. Trump is already consulting on the selection of a new head, including with the CEO of Coinbase.
XRP is already at $1.5. The coin is growing on the expectation of the imminent closure of the SEC lawsuit against Ripple.
And after the news about Trump's plans to create the first-ever position of crypto specialist in the White House, there is hope for clearing the right field for cryptocurrencies in 2025 😐
📍 The Cboe exchange has submitted applications to the SEC for the listing of spot SOL ETFs from Bitwise, VanEck, Canary Capital, and 21Shares. On November 22, Solana updated its ATH – $264.
Considering the upcoming reshuffles in the SEC, we may get a new crypto ETF as early as next spring 🤑
📍 The trading volume on the first day of options for the Bitcoin ETF from BlackRock was $1.9 billion. Wall Street received another tool for accessing BTC.
Inflows into the Bitcoin ETF have remained high since October 10, and this is helping the growth of the crypto market. At one point, BTC was just $300 short of breaking $100k, but the longer we remain below this level, the higher the likelihood of a local correction 🕯
💵 Finance
📍 Nvidia released its report for the 3rd quarter: revenue increased by 94% – $35.08 billion.
Even with such results, the company's shares experienced a slight sell-off. After all, the top company in the world by market capitalization is always expected to do more. And it's a bit scary that the bubble will burst someday 🎈
📍 The ruble has updated the bottom of 2023 – 104 rubles for $1. The yuan is again more expensive by 14 rubles.
The Ministry of Finance of the Russian Federation needs to close the budget deficit, the easiest way is the devaluation of the ruble. Nuts also do not add stability to the Russian currency 🙁
$BTC