- Elite Trade Club
- Posts
- Bitcoin Miner Nearly Doubles Today
Bitcoin Miner Nearly Doubles Today
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Cryptocurrency
In 2017, President Trump’s inauguration ignited a crypto surge that turned small investments into life-changing gains.
Investors saw $1,000 grow into $38,310 with Monero, $384,690 with Stellar, and an astonishing $1.02 million with ReddCoin—all within a year. Now, tech legend Jeff Brown believes history is on the verge of repeating itself.
With Trump’s renewed focus on crypto, a select group of “Trump Coins” could be poised for explosive growth.
Don’t miss out—this could be the opportunity of a lifetime to ride the next crypto revolution.
Markets 📈
The market finished the week on a positive note, bringing several U.S. indexes up in the process. The Nasdaq Composite saw the most improvement today, adding over one and a half percent to its score.
|
|
Market-Moving News 📈
Tech
TikTok Faces U.S. Ban Without Ownership Change
Today’s Supreme Court ruling upheld legislation requiring TikTok to be sold to an entity outside foreign control or face a U.S. ban starting January 19. This decision intensifies the uncertainty surrounding the app, which has become a digital hub for millions of Americans.
Concerns over data security and its parent company ByteDance's ties to foreign governments were central to the ruling. Despite arguments citing First Amendment protections, the court maintained that national security takes precedence, leaving TikTok's fate in limbo.
The upcoming ban could force major tech firms like Apple and Google to remove TikTok from app stores, while cloud providers might also be prohibited from hosting it. Alternatives for resolution include legislative intervention, finding a U.S.-based buyer, or extending the compliance deadline.
Some speculate that TikTok’s market absence could benefit competitors such as Instagram and YouTube, as advertisers reallocate budgets to other platforms. While discussions around potential buyers continue, including high-profile names, the app’s future remains precarious.
As the deadline approaches, the situation underscores the growing tensions between technology, national security, and global business dynamics. Users and businesses alike are now bracing for potential disruptions.
Consumer
Procter & Gamble Sued Over Alleged Greenwashing Practices
Procter & Gamble is facing legal challenges over allegations that its environmental claims for Charmin toilet paper are misleading. A new lawsuit accuses the company of overstating its commitment to sustainability while sourcing wood pulp from environmentally sensitive areas through destructive logging practices.
The lawsuit highlights concerns about the company’s use of logos suggesting environmentally responsible sourcing. Plaintiffs claim that the certifications referenced on Charmin packaging misrepresent the actual environmental impact of its operations. They argue that such marketing tactics deceive consumers into supporting a product that contradicts Procter & Gamble’s stated environmental commitments.
Filed in federal court, the suit seeks restitution, damages, and an end to what it calls deceptive environmental advertising. It also pressures Procter & Gamble to align its practices more closely with its public messaging on sustainability.
While the company recently announced plans to provide greater transparency about its supply chain practices by mid-2025, critics say this timeline is insufficient given the scale of environmental harm allegedly caused by current sourcing methods.
This case sheds light on growing consumer awareness and scrutiny of corporate environmental practices, especially in industries with significant ecological footprints.
Technology
According to Elon Musk, the growth of AI is rising by a factor of 10 every six months. And he says this will create a major shortage of electricity.
President Trump agrees. "We have to produce massive electricity that we don't have," he says. "BUT... we will be able to do it."
How will Trump and Musk solve this problem? The answer might surprise you.
And investors who move now into one technology could make a whole lot of money.
Get full details here.
Automotive
GM Faces Investigation Over Potential Engine Defect Affecting Thousands of Vehicles
General Motors is currently under investigation by the National Highway Traffic Safety Administration (NHTSA) regarding a potential engine defect affecting over 877,000 SUVs and trucks. The issue centers on the L87 6.2L V8 engine, which has been used in several GM models since 2019. Reports indicate that a bearing failure could cause engine seizures or damage to the engine block, posing a safety risk as the issue can lead to sudden loss of power.
The NHTSA's Office of Defects Investigation is looking into the scope of the issue and whether it warrants a recall. Vehicles under investigation include various 2019-2024 Chevrolet, GMC, and Cadillac models. GM is cooperating with the NHTSA's assessment, with the company noting that customer safety remains a top priority.
This isn't the first time GM has faced engine-related complaints. In the past, issues with premature bearing failures have led to legal action and a customer satisfaction program. Should a recall be issued, GM may face significant repair costs, including labor and parts replacement for affected vehicles.
Investors are closely watching how this situation might impact GM's financial performance, especially with warranty claims expected to rise. GM will provide an update on its financials, including any warranty costs, in its upcoming earnings report.
Top Winners and Losers 🔥
BTC Digital Ltd [BTCT] $8.26 (+73.53%)
BTC Digital stock is up thanks to its Bitcoin mining operations after the coin surged back above $100,000 today.
Baird Medical Investment Holdings [BDMD] $8.85 (+63.28%)
Baird Medical got a boost today after appearing front and center at J.P. Morgan’s healthcare conference.
Nukkleus Inc [NUKK] $29.50 (+43.69%)
Nukkleus regained compliance with Nasdaq, allowing the company to focus back on its AI initiatives.
Quantum Corp [QMCO] $32.60 (-15.48%)
Quantum Corp is back down after some of the excitement surrounding the technology fades.
Sezzle Inc [SEZL] 225.00 (-14.29%)
Sezzle tanked today after a report surfaced stating the company has engaged in risky lending practices.
Katapult Holdings Inc [KPLT] $9.24 (-9.06%)
Katapult Holdings crashed back to earth just one day after wowing shareholders with impressive fourth-quarter results.
AI
The Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.
But the Man Who Called Nvidia at $1.10 Says "AI's Next Magnificent Seven Could Do It Even Faster."
That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
Click here to get our daily newsletter straight to your cell for free.
P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.