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    SOS Limited to Buy Up to $50M of Bitcoin

    The purchase plan comes as Bitcoin reaches historic highs and continues to capture global investors’ interest. According to the latest market data, Bitcoin’s price has soared to around $93,000 per coin, with projections suggesting it may surpass the $100,000 milestone by year-end. SOS’s investment strategy aligns closely with the positive momentum in the cryptocurrency market, including a more favorable U.S. policy environment toward digital assets and growing institutional support for Bitcoin.To maximize returns and mitigate market volatility, SOS plans to employ a variety of quantitative trading strategies, including investing, trading and arbitrage strategies.These strategies are designed to achieve steady returns in the market environment while optimizing the Company’s investment portfolio over time. This move highlights SOS Ltd. efforts to expand digital asset investments. SOS believes Bitcoin is not only a cornerstone of the digital asset ecosystem but also has the potential to become a key global strategic reserve asset. The company remains committed to delivering long-term value to its shareholders and investors through continued investment and technological innovation.Yandai Wang, Chairman and CEO of SOS, commented, “Bitcoin market performance is robust and supported by positive developments such as the launch of several Bitcoin-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets. We believe this investment plan will further enhance the Company’s overall competitiveness and profitability in the digital asset investment sector.” More

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    Ikea warns of potential hit from Trump’s tariffs as earnings halve

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    ‘Rich Dad Poor Dad’ Author Reveals Key Quality for Being Rich as Thanksgiving Nears

    Even in this celebratory post, Kiyosaki did not hold back and talked about making a fortune, naming a key quality necessary for it. This tweet comes right after the “Rich Dad Poor Dad” author made a prediction that Bitcoin will reach $500,000 next year.Thanking his readers for commenting on his X posts, reading his books and spreading the word about his boardgame “Cashflow,” the financial guru mentioned a key quality that makes a good entrepreneur and helps earn big money. That quality, per Kiyosaki, is being a life-long learner.Kiyosaki tweeted that he expected Bitcoin to surpass $100,000 on the same day. However, it did not work out. Since Friday, Bitcoin has reversed and demonstrated a decline of close to 9% as BTC went down from its ATH, as mentioned earlier, to the $90,990 level. However, Bitcoin has managed to add almost 3% and is changing hands at $93,190.Overall, Kiyosaki is among those Bitcoiners who expect BTC to eventually skyrocket to $1 million and even higher. Last week, the financial expert tweeted that he agrees with Michael Saylor’s prediction that in ten years’ time, BTC is likely to reach $13 million, taking away part of the market share from gold. According to a recent tweet, Kiyosaki tries to follow Saylor’s “strategic Bitcoin plan,” although on a much smaller financial scale than MicroStrategy.This article was originally published on U.Today More

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    U.S. housing affordability to worsen even as price rises slow: Reuters poll

    BENGALURU (Reuters) – Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal Reserve interest rate cuts, even as average home price rises slow, according to a Reuters poll of property experts.Without enough entry-level housing for sale, particularly for families, affordability has long been the burning issue in the housing market of the world’s largest economy, consistently pricing out prospective first-time homebuyers.Slightly lower interest rates over the coming six months will not be enough to entice new buyers into a housing market where prices are still over 50% higher than pre-pandemic levels, according to a Nov. 12-27 Reuters poll of property analysts.On purchasing affordability expectations, 10 of 19 survey respondents changed their view to “worsen” from “improve” compared with an August survey. All 26 polled in August said it would improve.”Take the U.S. and a lot of the West – they’re getting older. That’s where the wealth is. They take on second homes, even third homes, pricing out younger generations who just haven’t had enough time to build up any savings,” said John LaForge, head of real asset strategy, Wells Fargo (NYSE:WFC) Investment Institute.”We continue to have these big overhangs – do you have the money for down payments? Do you have savings with the younger generation? I’d say we’re getting better, but we’re nowhere close to where we need to be.”The median age of U.S. homebuyers is 49, up from 31 in 1981, according to recent research from Apollo Global Management (NYSE:APO).Average U.S. home price rises, based on the S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas, will slow from 5.1% this year to 3.2% next, and 3.5% in 2026, Reuters poll medians showed.Those forecasts are roughly unchanged from August. That comes despite financial markets currently pricing only about three more quarter-point interest rate cuts from the Fed, just half what was expected then, on worries of an inflation resurgence following Donald Trump’s election victory.HOUSE PRICE RISES TO OUTPACE RENTSExpensive homes have also forced many to keep renting, making up slightly over one-third of occupied U.S. housing. Asked what would happen to average rent inflation over the coming year, over 70% of survey respondents, 13 of 18, said it would stay about the same or decrease.Nearly two-thirds of respondents, 13 of 20, said average home prices would rise faster than average rents over the coming year.”We expect house price growth will continue to slow as low affordability forces more buyers out of the market. Sellers will have to adjust their expectations on price increases to sell their properties,” said Cristian deRitis, deputy chief economist at Moody’s (NYSE:MCO) Analytics.Existing home sales, comprising more than 90% of total sales, are forecast to rise only slightly to a 4.0 million unit annualized rate next quarter and stay around that rate over coming quarters. That is well below 6.6 million units in 2021, in the middle of the pandemic boom.Fewer Fed rate cuts will also prevent mortgage rates from falling much more.The 30-year mortgage rate, which averaged nearly 7% through 2023, is forecast to average 6.5% next year and decline only to 6.3% in 2026 – higher than 6.1% and 5.9%, respectively, predicted in the August survey.”With home prices expected to continue to rise and mortgage rates declining less than we previously expected after Trump’s election, conditions for first-time buyers are likely to worsen,” said Grace Zwemmer from Oxford Economics.(Other stories from the Q4 global Reuters housing poll)  More

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    German cabinet approves measures for better access to capital markets

    The so-called Second Financing for the Future Act is intended in particular to improve the tax framework for investments in venture capital, while obstacles to investment in infrastructure and renewable energies are to be removed and bureaucracy reduced. The draft, seen by Reuters, states it would offer tax relief for companies of 45 million euros ($47.37 million) per year.However, it is questionable whether the current minority government will find a majority for the law to be approved in the two houses of parliament before the new election on Feb. 23.The act was largely drawn up by former finance minister and leader of the Free Democrats Christian Lindner, which is why his party might be inclined to support the plan in parliament even after Chancellor Olaf Scholz fired him, paving the way for the snap elections.The project is one of the 49 measures from the government’s growth initiative that is meant to strengthen Germany as a business location and boost anaemic economic growth.($1 = 0.9500 euros) More

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    Trust Wallet Introduces World of Dypians (WOD) on Trust Wallet Launchpool

    Trust Wallet, a leading self-custody Web3 wallet trusted by over 140 million users, has announced the third project under Trust Wallet Launchpool, featuring the reward token $WOD. $WOD is the native token of World of Dypians, a MMORPG available on Epic Games, set in a connected virtual world, featuring advanced AI, stunning graphics, and immersive gameplay. The dynamic ecosystem merges DeFi, NFTs, Gaming, and AI into a single immersive experience. For this launchpool campaign, World of Dypians will allocate 1% of the total $WOD supply to Trust Wallet Launchpool participants.How Trust Wallet Launchpool WorksTrust Wallet Launchpool allows TWT holders, and other token holders who are Trust Wallet users, the opportunity to get rewards by discovering and engaging with promising projects in a secure and user-friendly way. By locking tokens like TWT or any partner tokens designated for each campaign, users may acquire new tokens or rewards from both pre-launch and launched token projects, diversifying their portfolios and supporting innovative ventures with reduced risk.Available in the app’s “Earn” section, Trust Wallet Launchpool is powered by secure, on-chain smart contracts and open-source protocols, setting it apart from centralized alternatives while offering a user-friendly experience to explore early-stage crypto opportunities.Launchpool 3: Featuring $WODThe Trust Wallet Launchpool campaign details are as follows:Key Features of Trust Wallet LaunchpoolTrust Wallet Launchpool creates a collaborative ecosystem that supports both users and projects.For Users: A decentralized way to potentially earn project tokens while exploring the Web3 landscape and diversifying portfolios.For Projects: A unique platform to increase visibility and build community, by connecting with Trust Wallet’s extensive user base, desiged to drive growth in a competitive market.Trust Wallet’s third Launchpool featuring $WOD is live now. Users can Download Trust Wallet to participate and potentially gain rewards while supporting the evolution of blockchain gaming and DeFi.About World of DypiansWorld of Dypians is a revolutionary MMORPG that bridges the gap between traditional Web2 gaming and the decentralized future of Web3. By integrating blockchain technology with immersive gameplay, World of Dypians empowers players with true ownership of in-game assets through NFTs, decentralized economies, and a vibrant community-driven ecosystem.As a leading gaming ecosystem on every network it operates, World of Dypians continues to set new benchmarks for user engagement and innovation, offering players seamless access to interconnected virtual worlds. With stunning graphics, an intuitive user journey, and a focus on accessibility, the platform brings together the best of Web2 familiarity and Web3 innovation, creating an inclusive space for gamers worldwide.Since its inception, World of Dypians has been dedicated to redefining the gaming landscape by merging Gaming, DeFi, NFTs, and AI into one seamless platform, creating a groundbreaking experience for players.For business collaborations, users may contact: contact@worldofdypians.comAbout Trust WalletTrust Wallet is a secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet aims to make it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.ContactHead of CommunicationsDami OdufuwaTrust Walletpress@trustwallet.comThis article was originally published on Chainwire More

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    Bitcoin (BTC) to Crash Even More, Says Schiff

    He believes that the market will lose a major source of demand once the buying stops, which will cause the price of Bitcoin to drop precipitously. This perspective aligns with Schiff’s long-standing mistrust of Bitcoin. His argument is based on the notion that institutional buying — specifically from MicroStrategy — plays a significant role in determining the price of Bitcoin.Although it is true that significant purchases can affect market sentiment, it would be an oversimplification to attribute Bitcoin’s entire valuation to the purchasing activity of a single entity. The purchases made by MicroStrategy represent a small portion of the total value of Bitcoin transactions worldwide. Numerous factors, such as adoption rates, general investor sentiment and macroeconomic conditions, affect the price of Bitcoin. Demand can be maintained even if MicroStrategy stopped making acquisitions because other institutional and individual investors could fill the void. Based on the chart, Bitcoin is currently trading close to $93,000 after recently retreating from the psychological level of $100,000. The RSI is cooling from high levels, suggesting that the correction is a healthy retracement following an overbought rally. Bitcoin may retest lower supports at $87,000 and $85,000 if the crucial $90,000 support level is broken. In order to revive bullish sentiment, Bitcoin must gain momentum and break above $95,000. The slight decline in volume indicates some investor hesitancy, but as long as important support levels are maintained, the trend is still positive. Schiff’s worries regarding MicroStrategy’s impact are valid, but given the dynamics of the market as a whole, a total collapse is unlikely. The decentralized structure of Bitcoin and its varied demand are what give it its resilience. The next significant move will be determined by a clear breakout or break down, as the price action currently points to consolidation.This article was originally published on U.Today More

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    Scott Bessent’s fund made biggest returns with bet against Fed

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More