Bitcoin ETFs a major success

Market Overview
Read time 1.6 minutes

Year To Date Performances:

1. New US Bitcoin ETFs have significantly impacted the cryptocurrency market, injecting over $7 billion and contributing to a 45% surge in Bitcoin's price, bringing it close to the $69,000 record. This increase is partly due to the anticipation surrounding the upcoming halving event. Bitcoin's rally has outperformed stocks, with ETFs from major financial institutions like BlackRock and Fidelity driving trading volumes to nearly $8 billion. The enthusiasm around Bitcoin is further highlighted by the high funding rate for perpetual futures, indicating strong interest in bullish bets on Bitcoin's future performance, a level of optimism not seen since 2021.

2. The merger between Major League Pickleball and the Professional Pickleball Association marks a significant moment in the sport's evolution, promising a more unified and expansive future for professional pickleball. This deal not only combines the two leading organizations under one umbrella but also secures a substantial $75 million investment to fuel growth and development. With over 150 top professional players now under one roof, the merger aims to enhance the sport's visibility and appeal through an enriched event calendar that includes both PPA Tour's individual bracket-style tournaments and MLP's team-based competitions. Despite the challenges and delays that preceded this consolidation, the increased payouts and the promise of a more coherent schedule are expected to benefit players, fans, and sponsors alike, setting a new course for professional pickleball.

3. Visa and Mastercard agree to historic $5 Billion Settlement! In a groundbreaking move for the payment industry, Visa and Mastercard have come to a historic $5 billion settlement, marking a pivotal moment for small business owners. If you are a small business owner, claim your share today!*

4. Headlines

   1. OpenAi, Nvidia and Jeff Bezos have all invested in Figure AI, a startup developing a humanoid robot valued at $2.6B.

   2. Inflation in the US is at 2.8% year over year.

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