Bitcoin tops $60,000 as investors bet on ETF approval
CNN
Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund.
Cryptocurrency investors were excited by a tweet from the verified account of the SEC's Office of Investor Education and Advocacy late Thursday that said, "before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits."
That appeared to be a tacit admission that the SEC would soon give the regulatory green light to "a fund that holds Bitcoin futures contracts."
Senate Democrats have confirmed some of President Joe Biden’s picks for the federal bench this week in the face of President-elect Donald Trump’s calls for a total GOP blockade of judicial nominations – in part because several Republicans involved with the Trump transition process have been missing votes.
Donald Trump is considering a right-wing media personality and people who have served on his US Secret Service detail to run the agency that has been plagued by its failure to preempt two alleged assassination attempts on Trump this summer, sources familiar with the president-elect’s thinking tell CNN.
President-elect Donald Trump’s new Department of Government Efficiency, a nongovernmental entity helmed by billionaire Elon Musk and biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, is expected to make a push for an end to remote work across federal agencies as a way to help reduce the federal workforce through attrition.