U.S. Stock Market Records Best Week Since June
The U.S. stock market recorded its best week since June, driven by gains in major tech stocks that propelled the Nasdaq index to a historic high. The cryptocurrency market rose by 0.62% in the past 24 hours, primarily driven by altcoins led by Ethereum. This morning, ETH surged to $4,071, marking a new high since November last year and officially crossing the psychological barrier of four thousand dollars. Ethereum reserve companies are competing to fundraise for ETH purchases, with Tom Lee’s BitMine soaring 25% yesterday, while SharpLink, affected by news of discounted new stock issuance, only rose 2.4%.
Upcoming Trump-Putin Meeting? Investors Buy Stocks on Dips
Trump announced that he plans to meet with Russian President Putin soon, hoping to facilitate a ceasefire agreement to end the Ukraine war.
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Apple Achieves Best Performance Since 2020
Apple achieved its best performance since 2020 this week, as market optimism surrounds its plans to invest an additional $100 billion in domestic manufacturing, which may help the company avoid tariffs. Reports indicate that the U.S. is preparing to sell shares of Fannie Mae and Freddie Mac, possibly starting this year, causing stock prices of both companies to soar.
(Is Trump’s consideration to privatize Fannie Mae and Freddie Mac an investment opportunity or a concern for rising mortgage rates?)
Bret Kenwell from eToro stated that the stock market momentum is strong, with both technical and fundamental factors favoring bulls. “While unexpected risks may arise in the second half of 2025, corporate earnings are performing better than expected, and the Federal Reserve is gradually approaching interest rate cuts. As long as the economy remains strong, the stock market will have catalysts for continued growth.”
Kenwell believes that after a significant rise, a market consolidation would be a healthy situation—either a pullback or a sideways movement. This pullback may be viewed by investors as an opportunity to buy on dips rather than flee the market.
ETH Breaks $4,000, BitMine Rises 25%
The cryptocurrency market rose by 0.62% in the past 24 hours, primarily driven by altcoins led by Ethereum. This morning, ETH surged to $4,071, marking a new high since November last year and officially crossing the psychological barrier of four thousand dollars, with up to $117 million in Ethereum positions liquidated within 24 hours.
Ethereum reserve companies are competing to fundraise for ETH purchases, with Tom Lee’s BitMine holding 830,000 ETH, while SharpLink, led by Ethereum co-founder Joe Lubin, holds 520,000 ETH. According to Strategic Ethereum Reserve, Ethereum reserve companies have purchased 5.8 million ETH, accounting for 4.79% of the overall circulation of ETH.
(Is SharpLink or BitMine the MicroStrategy of Ethereum in the cryptocurrency world competing with Wall Street?)
Yesterday, BitMine (stock code BMNR) surged 25%, while SharpLink (stock code SBET) only rose 2.4% due to news of discounted new stock issuance.
(SharpLink issues new shares at a discount? Retail investors criticize for benefiting institutional investors)
Risk Warning
Investing in cryptocurrencies carries a high degree of risk, with prices subject to significant volatility. You may lose all your invested capital. Please assess risks carefully.