SEC had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton.

These developments have bolstered questions about the large amounts of money big tech companies have been investing in artificial intelligence models and data centers.

The technology sector was the biggest gainer among the S&P 500‘s 11 major industry indexes with hefty boosts from AI chip leader Nvidia and Microsoft.

Trump's memecoin has dropped 30% over the last 24 hours while $melania is down more than 50% after both coins rocketed higher following their release.

UOB suggests focusing on building a diversified portfolio and seizing tactical opportunities in tech and financial stocks in 2025, amid the uncertainty of a Trump 2.0 presidency

Shares of exchange operators Coinbase and Robinhood advanced more than 4% each.

As for the Federal Reserve’s next meeting on Jan. 29, markets are expecting a 95.2% probability that interest rates will remain unchanged.

As 2025 begins, it is a timely moment to peer further ahead and reflect on big structural forces that could go right in the longer term.

With no intrinsic value to back it up, crypto remains a risky investment, driven solely by sentiment and speculation

For 2025, investors are focused on uncertainty around US monetary policy, potential frictions from Trump’s presidency and China’s efforts to revive growth.

The new rules will make it “increasingly difficult in the future to evade the country’s forex regulations through crypto”, Liu said.

Asia is the world’s second most integrated trade region after the European Union, with nearly 57 per cent of its trade value originating within the region