Treasury Secretary Bessent predicts 3% GDP growth as Trump preps economy tour

nypostPublished on 2025-12-08Last updated on 2025-12-08

Abstract

Treasury Secretary Steven Bessent forecasts 3% GDP growth as former President Donald Trump prepares to launch an economy-focused tour. The announcement highlights key economic priorities and policy directions expected to be emphasized during the upcoming tour.

Vanguard’s 50M+ clients will soon gain access to crypto ETFs: Why this is significant

Vanguard is granting its over 50 million clients access to select third-party spot crypto ETFs, including those tracking Bitcoin, Ether, XRP, and Solana, marking a significant shift from its previous anti-crypto stance. This move provides a regulated and convenient pathway for investors to gain exposure to digital assets through conventional brokerage accounts. While Vanguard will not launch its own crypto products or support memecoins, the decision reflects growing institutional legitimacy and sustained demand for crypto. The policy change aligns with broader trends, as major firms like BlackRock and Bank of America have already integrated crypto offerings. This development may influence market dynamics and further validate cryptocurrencies as part of diversified investment portfolios, though Vanguard continues to emphasize the asset's volatility and risks.

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Vanguard’s 50M+ clients will soon gain access to crypto ETFs: Why this is significant

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Galaxy expands to UAE as part of Middle East push

Galaxy, a digital asset management firm, is expanding into the Middle East by establishing a new office and entity in Abu Dhabi under the Abu Dhabi Global Market (ADGM). The move aims to strengthen existing partnerships and tap into the region's growing financial hub, which is home to sophisticated investors. This expansion follows Galaxy's strong Q3 2025 performance, with $505 million net income and $3.2 billion in equity. The UAE has recently approved several crypto firms, including Binance, Bybit, and stablecoin issuers like Tether and Circle, further solidifying its role as a key market for digital assets.

cointelegraphHace 15 min(s)

Galaxy expands to UAE as part of Middle East push

cointelegraphHace 15 min(s)

Strategy responds to MSCI letter, makes case for index inclusion

Strategy, the largest Bitcoin treasury company, has responded to MSCI's proposed policy to exclude companies holding over 50% of their balance sheet in crypto from its indexes. The company argues the change unfairly targets crypto as an asset class, unlike REITs or oil companies, and undermines U.S. leadership in crypto. MSCI contends such firms resemble investment funds, lack uniform valuation methods, and pose systemic risks due to crypto's high volatility and leverage use. The policy, effective January, may force companies to divest crypto, creating market selling pressure. Strategy's stock has fallen over 50% in a year, underperforming Bitcoin itself.

cointelegraphHace 28 min(s)

Strategy responds to MSCI letter, makes case for index inclusion

cointelegraphHace 28 min(s)

Dogecoin ETF Records Worst Trader Activity Since Launch

An ETF tracking Dogecoin is recording its lowest trading activity since its launch, signaling a significant shift in trader behavior. Retail interest in this passive investment vehicle is waning, while the overall appetite for risk remains strong. Traders are increasingly moving away from the "buy and hold" approach, finding it boring, and are instead seeking excitement, leverage, and community-driven, speculative formats. This trend is evident in the booming meme token sector, where new characters, trading communities, and subcultures are emerging. In contrast to the static value storage offered by an institutional ETF, retail traders are searching for identity, gamification, and the chance to maximize gains from every market move. At this intersection of Dogecoin fatigue and a craving for extreme risk emerges Maxi Doge ($MAXI). It positions itself not just as a meme but as a "pump cult," combining the imagery of a muscular dog with a culture of maximum leverage and competitive mechanics for retail investors. The project, built on Ethereum, features a treasury fund, staking rewards, and trading competitions. Having raised $4.3 million in its presale, $MAXI aims to cater to traders with a "maxi mentality" who seek high returns and active participation, rejecting the sluggish statistics of traditional funds.

bitcoinistHace 34 min(s)

Dogecoin ETF Records Worst Trader Activity Since Launch

bitcoinistHace 34 min(s)

Bitwise’s fund joins NYSE Arca – Why 90% of index rests on BTC and ETH

Bitwise's Bitwise 10 Crypto Index Fund (BITW), the world's longest-running crypto index fund, is transitioning from the OTC market to the NYSE Arca as an Exchange-Traded Product (ETP). This uplisting enhances liquidity and pricing efficiency but does not change the fund's risk profile, as it lacks the protections of a traditional '40 Act ETF. The fund provides diversified exposure to the top 10 cryptocurrencies, yet its holdings remain highly concentrated, with nearly 90% of its value in Bitcoin (74.34%) and Ethereum (15.55%). Bitwise executives highlight the index approach as a way to invest in the crypto thesis without picking individual assets. This move occurs amid significant market gains and reflects the maturation of crypto financial products into more sophisticated institutional strategies.

ambcryptoHace 50 min(s)

Bitwise’s fund joins NYSE Arca – Why 90% of index rests on BTC and ETH

ambcryptoHace 50 min(s)

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