Stock Track | Trump Media Stock Soars Over 5% on Reports of Bakkt Acquisition and Crypto Boost

Stock Track

Nov 20, 2024

Shares of Trump Media & Technology Group (DJT) surged by 5.12% in the pre-market session on Wednesday, riding high on reports that the company is in talks to acquire crypto trading platform Bakkt and expectations of a crypto-friendly regulatory environment under the incoming Trump administration.

The potential acquisition of Bakkt, a digital asset marketplace backed by NYSE-owner Intercontinental Exchange, has fueled optimism that Trump Media will embrace cryptocurrencies and blockchain technology. This move aligns with President-elect Trump's perceived support for the crypto industry, which has been a driving force behind the recent rally in digital assets.

Furthermore, the appointment of Cantor Fitzgerald CEO Howard Lutnick as the incoming Commerce Secretary has added to the positive sentiment surrounding the crypto sector. Lutnick, an outspoken advocate for cryptocurrencies, is expected to play a pivotal role in shaping trade policies and investigating practices, which could benefit the crypto industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1104349788"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1104349788\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1104349788?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 22:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1104349788","market":"us","top_or_hot":-1,"title":"Stock Track | Trump Media Stock Soars Over 5% on Reports of Bakkt Acquisition and Crypto Boost","media":"Stock Track","content":"<p>Shares of Trump Media & Technology Group (DJT) surged by 5.12% in the pre-market session on Wednesday, riding high on reports that the company is in talks to acquire crypto trading platform Bakkt and expectations of a crypto-friendly regulatory environment under the incoming Trump administration.</p>\n\n<p>The potential acquisition of Bakkt, a digital asset marketplace backed by NYSE-owner Intercontinental Exchange, has fueled optimism that Trump Media will embrace cryptocurrencies and blockchain technology. This move aligns with President-elect Trump's perceived support for the crypto industry, which has been a driving force behind the recent rally in digital assets.</p>\n\n<p>Furthermore, the appointment of Cantor Fitzgerald CEO Howard Lutnick as the incoming Commerce Secretary has added to the positive sentiment surrounding the crypto sector. Lutnick, an outspoken advocate for cryptocurrencies, is expected to play a pivotal role in shaping trade policies and investigating practices, which could benefit the crypto industry.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Trump Media Stock Soars Over 5% on Reports of Bakkt Acquisition and Crypto Boost</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Trump Media Stock Soars Over 5% on Reports of Bakkt Acquisition and Crypto Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-20 22:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Trump Media & Technology Group (DJT) surged by 5.12% in the pre-market session on Wednesday, riding high on reports that the company is in talks to acquire crypto trading platform Bakkt and expectations of a crypto-friendly regulatory environment under the incoming Trump administration.</p>\n\n<p>The potential acquisition of Bakkt, a digital asset marketplace backed by NYSE-owner Intercontinental Exchange, has fueled optimism that Trump Media will embrace cryptocurrencies and blockchain technology. This move aligns with President-elect Trump's perceived support for the crypto industry, which has been a driving force behind the recent rally in digital assets.</p>\n\n<p>Furthermore, the appointment of Cantor Fitzgerald CEO Howard Lutnick as the incoming Commerce Secretary has added to the positive sentiment surrounding the crypto sector. Lutnick, an outspoken advocate for cryptocurrencies, is expected to play a pivotal role in shaping trade policies and investigating practices, which could benefit the crypto industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DJT","symbol_name":"特朗普媒体科技集团","start_time":0,"source_url":"","article_id":"1104349788","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104349788","pubTimestamp":1732114161,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Trump Media & Technology Group  surged by 5.12% in the pre-market session on Wednesday, riding high on reports that the company is in talks to acquire crypto trading platform Bakkt and expectations of a crypto-friendly regulatory environment under the incoming Trump administration.The potential acquisition of Bakkt, a digital asset marketplace backed by NYSE-owner Intercontinental Exchange, has fueled optimism that Trump Media will embrace cryptocurrencies and blockchain technology. Th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DJT":"特朗普媒体科技集团"},"translate_title":"股票追踪特朗普媒体股价因Bakkt收购和加密货币提振的报道而飙升超过5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DJT":1},"content_text":"Shares of Trump Media & Technology Group (DJT) surged by 5.12% in the pre-market session on Wednesday, riding high on reports that the company is in talks to acquire crypto trading platform Bakkt and expectations of a crypto-friendly regulatory environment under the incoming Trump administration.\nThe potential acquisition of Bakkt, a digital asset marketplace backed by NYSE-owner Intercontinental Exchange, has fueled optimism that Trump Media will embrace cryptocurrencies and blockchain technology. This move aligns with President-elect Trump's perceived support for the crypto industry, which has been a driving force behind the recent rally in digital assets.\nFurthermore, the appointment of Cantor Fitzgerald CEO Howard Lutnick as the incoming Commerce Secretary has added to the positive sentiment surrounding the crypto sector. Lutnick, an outspoken advocate for cryptocurrencies, is expected to play a pivotal role in shaping trade policies and investigating practices, which could benefit the crypto industry.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}