Publicly traded company BTC AB will raise up to approximately $21.9 million in funding to purchase more Bitcoin.

According to data from the BIT Stock Platform, the Nasdaq’s gains expanded to 2%, and the S&P 500 rose 1.1%. The Philadelphia Semiconductor Index gained 6.8%, with AMD (AMD.O) up 13% and SanDisk (SNDK.O) rising 12%. Nvidia (NVDA.O) saw its stock price climb as much as 7.3%, after falling 9.3% on Thursday.

The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) has withdrawn a 2020 proposal related to the Travel Rule. The proposal originally required financial institutions and crypto firms to collect identifying information of individuals involved in specific transfers. FinCEN said Friday that relevant authorities believe the convertible virtual currency (CVC) industry has undergone significant changes since the proposal was released.

Preliminary data shows U.S. November one-year inflation expectation at 4.3%, versus a consensus forecast of 4.7% and the prior reading of 4.70%.

According to Bloomberg Law, a final rule from the U.S. Department of Labor (DOL) aimed at making it easier for retirement plans to include alternative assets such as private equity, real estate, and cryptocurrencies was sent to the White House Office of Information and Regulatory Affairs (OIRA) for review on Thursday. The submission indicates the rule is nearing completion and public release, though it remains under review. The DOL published the relevant proposal on March 30. Under that earlier proposal, fiduciaries would receive legal safe harbor protection when including private assets as investment options in 401(k) plans if they meet six factor requirements: investment performance, fees, liquidity, valuation, performance benchmarks, and complexity.

According to data from the BIT Stock Platform, US stocks opened with a broad rebound in Neocloud, semiconductor, optical communication, and storage sectors. Neocloud stocks led the rally, with IREN up 19.97%, Cipher Digital (CIFR) rising 11.71%, Hut 8 (HUT) up 10.10%, Nebius (NBIS) up 9.00%, Applied Digital (APLD) up 8.93%, and Core Scientific (CORZ) up 7.34%. Among semiconductor stocks, Lam Research (LRCX) gained 10.25%, AMD rose 8.72%, TSMC (TSM) up 7.43%, KLA (KLAC) up 7.09%, Applied Materials (AMAT) up 7.07%, and NVIDIA (NVDA) up 6.19%. Optical communication-related stocks strengthened, with Coherent (COHR) up 11.09%, Ciena (CIEN) up 8.68%, Astera Labs (ALAB) up 8.56%, Credo (CRDO) up 7.86%, Lumentum (LITE) up 6.86%, and Marvell Technology (MRVL) up 6.76%. Storage stocks also climbed, with SanDisk (SNDK) up 9.12%, Micron Technology (MU) up 6.95%, Seagate Technology (STX) up 4.95%, Western Digital (WDC) up 4.10%, and SK Hynix (SKHY) up 3.39%.

According to CNN, former US President Donald Trump’s first television interview since the Republican Party’s midterm election defeat is scheduled to be recorded on Friday, with “60 Minutes” reporter Ross Douthat as the interviewer. The interview will air on Sunday evening, marking Trump’s first in-depth sit-down since the Republicans suffered a sweeping election loss on Tuesday. A CBS News source confirmed the arrangement but noted the interview has not yet been formally conducted. The White House’s Friday-released schedule shows Trump will take part in a pre-recorded interview at 10:30 a.m. ET. Trump closely follows “60 Minutes”: he occasionally posts criticism of the program on Truth Social and is well aware of its strong viewership. Last Sunday’s episode drew an average of 10 million viewers, a number partly driven by the preceding NFL game.