Wall Street Breakfast Bitcoin tops $100K, Trump picks crypto ally
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Dec 5, 2024 Bitcoin has skyrocketed past $100,000, coinciding with Donald Trump's choice of Paul Atkins, a crypto supporter, for the SEC chair. In corporate news, Shell and Equinor join forces to create the UK's largest independent oil and gas company. Amazon faces a lawsuit for allegedly neglecting certain D.C. zip codes in its Prime delivery service. Additionally, the market reacts to various major stock movements as these developments unfold.
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Bitcoin's Rise
- Bitcoin surpassed $100,000 after Trump's win, rising 45% since election day.
- This surge was further fueled by Paul Atkins's nomination to chair the SEC, a known crypto advocate.
UK Oil and Gas Merger
- Shell and Equinor are merging UK oil and gas assets to form the UK's largest independent producer.
- This aims to maintain production and energy security as the North Sea Basin matures.
Amazon Lawsuit
- Washington, D.C.'s Attorney General is suing Amazon for excluding some low-income neighborhoods from Prime's fast delivery.
- Amazon allegedly used slower third-party services while still charging full price, citing safety concerns.