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    FirstFT: ByteDance plans to spend $12bn on AI chips this year

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    RFK Jr.’s owns up to $5 million in Bitcoin, disclosure forms show

    Kennedy Jr. has been quite vocal about his commitment to Bitcoin, stating in the past that he has invested the majority of his wealth into the cryptocurrency. “I’m a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I’m fully committed,” he has previously stated.In addition to his personal investment, RFK Jr. has also spoken about the broader implications of Bitcoin. He has labeled it as the “currency of freedom”, suggesting it serves as a hedge against inflation for middle-class Americans. He also views Bitcoin as a remedy against the dollar’s downgrade from the world’s reserve currency and as an escape from a burdensome national debt.The disclosure of RFK Jr.’s Bitcoin holdings through Fidelity Crypto reflects his commitment to the cryptocurrency and his belief in its potential to address economic challenges.Original Article More

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    RFK Jr. owns up to $5 million in Bitcoin, disclosure forms show

    Kennedy Jr. has been quite vocal about his commitment to Bitcoin, stating in the past that he has invested the majority of his wealth into the cryptocurrency. “I’m a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I’m fully committed,” he has previously stated.In addition to his personal investment, RFK Jr. has also spoken about the broader implications of Bitcoin. He has labeled it as the “currency of freedom”, suggesting it serves as a hedge against inflation for middle-class Americans. He also views Bitcoin as a remedy against the dollar’s downgrade from the world’s reserve currency and as an escape from a burdensome national debt.The disclosure of RFK Jr.’s Bitcoin holdings through Fidelity Crypto reflects his commitment to the cryptocurrency and his belief in its potential to address economic challenges.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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    Stellantis plans US investments worth more than $5bn

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    MicroStrategy Just Delivered $642 Million in Bitcoin to Investors

    According to Saylor, the company recorded a 1.36% BTC yield on its 45,000 BTC base, indicating that the 6,120 BTC qualifies as profit. Benchmarking the asset at an approximate market price of 105,000 per BTC, Saylor emphasized that it translates to $642.6 million.This amount represents the gains from MicroStrategy treasury operations alone. As noted by Saylor, this notable performance reinforces the company’s commitment to “maximizing shareholder returns.”The MicroStrategy executive chairman clarified with his post that the company remains focused on utilizing Bitcoin as a core pillar of its strategy. That is, Bitcoin remains key in delivering long-term value to its shareholders.Last week’s performance dwarfs that from two weeks ago, when the gains accruing to MSTR shareholders came from 1,440 BTC. That week, the cumulative value stood at just about $138 million. It is worth mentioning that BTC traded at approximately $96,000 then.Financial experts highlight that this price movement of BTC shows the coin could shock market participants with new peaks in the first quarter of 2025.Meanwhile, Saylor recently restated his unshaken belief in Bitcoin’s potential and value in cryptocurrency. The Bitcoin enthusiast maintains that no other cryptocurrency could compare or rival BTC.This article was originally published on U.Today More

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    16-Year-Old Satoshi-Era Bitcoin Tweet Resurfaces: Details

    On Jan. 21, 2009, Hal Finney, a computer scientist and one of the first people to run Bitcoin software, tweeted about his work on Bitcoin. This tweet has resurfaced, attracting the interest of the cryptocurrency community. At that time, Bitcoin was a nascent project, and its value was essentially zero.Finney had tweeted, “Looking at ways to add more anonymity to bitcoin.” The unearthing of this 16-year-old tweet provides a glimpse into Bitcoin’s early days. It also reminds the crypto community of the vision and dedication that have catapulted Bitcoin from obscurity to becoming a trillion-dollar asset.On Jan. 12, 2009, Finney received the first Bitcoin transaction from Bitcoin’s pseudonymous creator, Satoshi Nakamoto. His early contributions to Bitcoin’s development have left an indelible mark on the cryptocurrency’s history.Despite battling ALS, Finney continued to support and work on Bitcoin until his passing in 2014.At the time of writing, Bitcoin was up 0.68% in the last 24 hours to $104,436, with a current market capitalization of $2.07 trillion.According to Glassnode, Bitcoin’s Binary Coin Days Destroyed (CCD) indicator suggests a decrease in activity by long-term holders. In practical terms, this suggests that sell-side pressure has subsided, and the market may require new catalysts to unlock supply.In addition, long-term holders (LTH) are showing signs of returning to accumulation. Following a sharp sell-off at $100,000, Glassnode reported that the LTH supply is presently going upward. A similar trend was observed following the intra-cycle local peak in March of last year. This article was originally published on U.Today More

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    Trump’s assault on the global corporate tax regime

    $99 for your first yearFT newspaper delivered Monday-Saturday, plus FT Digital Edition delivered to your device Monday-Saturday.What’s included Weekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysis More