Crypto on the market’s ‘naughty list’?

After ending last month on a strong note, markets lost momentum and stumbled on Monday, hobbled by a sell-off in cryptocurrencies.

All three major US indices snapped their 5-day winning streak BitcoinThe largest cryptocurrency in the world, decreased About 6% to trade below $86,000, putting downward pressure on the stock market.

This has been the worst day for Bitcoin since March. The digital currency late last month fell below $90,000 for the first time since April, and has since struggled to stay above that level.

Despite the Fed’s expected year-end Christmas gift of interest rate cuts rising odds, investors appear to have put cryptocurrencies on the “naughty list.”

As we head into December, can markets shake off the crypto chill, and will tech stocks be the champions that continue to push stocks higher? Watch this space.

Partnership between Nvidia and Synopsys. Company Announce Monday has Bought $2 billion to summary‘ common stock as part of a strategic partnership to accelerate computing and Amnesty International Engineering solutions.

Apple’s head of artificial intelligence is stepping down. John Giannandrea, who has held this position since 2018, It will be replaced Written by Amar Subramania, an AI researcher who most recently worked at Microsoft and was previously part of Google’s DeepMind AI unit. Apple said Gianandrea will continue to work as a consultant until his retirement next spring.

Sell ​​crypto. Bitcoin and Ether It fell on MondayRecording a decline of 5% and 7%, respectively. A statement issued by the People’s Bank of China on Saturday warning against illegal activities related to digital currencies added pressure on shares of digital asset-related companies listed in Hong Kong on Monday.

Markets are slipping. All three US indices I cut it off for five days Winning lines with Dow Jones Industrial Average Recording the largest loss, down 0.9%. the Nasdaq Composite Decreased by 0.38%, and Standard & Poor’s 500 lost 0.53%

[PRO] Analysts are positive on electric aircraft stocks. Wall Street analysts Bullish On the electric aircraft manufacturer Beta Technologieswith Goldman Sachs, Morgan Stanley and Bank of America initiating coverage with a buy rating. Citi, which views it as a high-risk, high-reward stock, has set a price target of 50% upside.

Kalshi is transmitted to cryptocurrency traders through token staking contracts

Bettors on exchange and forecasting market Kalshi can now buy and sell tokenized versions of their bets on Solana, the company told CNBC exclusively on Monday.

It’s the latest sign that the prediction market company is deepening its push to win over the same cryptocurrency holders who have poured billions of dollars of digital assets into rival Polymarket.

Tokenization refers to creating a digital copy of real-world financial assets such as stocks, bonds, or treasuries. The resulting token, which can be held or traded like a regular asset, lives on a decentralized ledger called a blockchain, like Solana or Bitcoin.

– Liz Napolitano