3h faBreaking: Tom Lee's Bitmine shows an $8.9B unrealized loss on 5,416,901 ETH ($10.03B); Michael Saylor's Strategy is down $7.6B on 843,706 BTCBreaking: Tom Lee (@fundstrat)'s Bitmine is sitting on an estimated $8.9B unrealized loss tied to 5,416,901 ETH, a position valued at $10.03B. Michael Saylor (@saylor)'s Strategy is down about $7.6B on its 843,706 BTC holdings, currently valued at $56.26B.3h faGameStop Reports Record Profit and $2B Buyback; SpaceX Targets $1.75T IPO ValuationOn Dec. 11, GameStop ($GME) reported its highest-ever quarterly net income of $389.6 million alongside a $2 billion share repurchase program extending through 2029. Simultaneously, Reuters reported that SpaceX is targeting a $1.75 trillion valuation for an upcoming IPO scheduled for next week, aiming to raise at least $75 billion. In the digital asset sector, Grayscale's Hyperliquid Staking ETF ($HYPG) is set to begin trading tomorrow with industry-low fees. Regulatory developments include the SEC prioritizing digital assets in its roadmap through 2030 and the U.S. Treasury sanctioning four Iranian crypto exchanges. Furthermore, Citi projected the tokenized asset market could reach $8.2 trillion by 2030, highlighting Chainlink's CCIP. Other major updates include the CLARITY Act's advancement in the U.S. Senate and a new executive order from President Trump focused on AI innovation and security. 4h faGameStop posts record quarterly profit of $389.6 million, authorizes $2 billion buyback through 2029GameStop (NYSE: GME) reported the highest quarterly net income in its history, earning $389.6 million. The retailer also approved a $2 billion share repurchase program running through 2029.8h faU.S. credit card debt hits new milestone: 21.3% of cardholders owe more than $10,000 as balances near $1.25 trillionA record 21.3% of U.S. credit card holders carried more than $10,000 in debt last year. Total credit card balances rose to nearly $1.25 trillion.9h faBank of America names senior trading executive global head of digital asset transformation to steer crypto strategyBank of America has appointed one of its top trading executives as "global head of digital asset transformation," tasking the executive with leading the bank's cryptocurrency strategy.9h faU.S. tech sector jumps 42% in two months, its strongest rally in 24 years on AI and semiconductorsU.S. technology stocks have surged 42% over the past two months, posting the sector's biggest two-month gain in 24 years. The advance has been driven by strength in AI-related names and semiconductor stocks, which have helped lift the broader market.9h faSchwab launches 24/7 trading for crypto futures on thinkorswim, a firm firstCharles Schwab ( @CharlesSchwab ) is rolling out near round-the-clock trading for its crypto futures on thinkorswim, marking the first time any Schwab product has been available 24/7. The move covers Bitcoin, Ether, Solana, and Ripple futures, which were previously trading but limited to standard market hours, aligning access more closely with crypto's nonstop markets. Schwab, which oversees about $12.6 trillion in client assets, noted the products are cash-settled futures rather than spot coins. The lineup includes ripple:native and solana:So11111111111111111111111111111111111111112 alongside bitcoin:native and ethereum:native, expanding mainstream crypto exposure through a traditional brokerage platform. Separately, Schwab is targeting mid-2027 to add spot crypto trading and custody to its advisor platform.10h faGalaxy (@GalaxyHQ) to launch OTC derivatives desk targeting prediction marketsGalaxy (@GalaxyHQ) plans to launch an over-the-counter (OTC) derivatives desk focused on prediction markets.13h faBREAKING: S&P 500 market capitalization reaches a record $69 trillionBREAKING: The S&P 500's total market capitalization has climbed to a new record of $69 trillion.14h faS&P 500 market capitalization tops $69 trillion for the first timeThe S&P 500's total market capitalization has surpassed $69 trillion for the first time on record.
