Bitcoin falls below $63,000 on little relief from interest rate fears, ETF outflows
Bitcoin falls below $63,000 on little relief from interest rate fears, ETF outflows Read More »
Analysts track this using a metric called spent transaction output (STXO), which in simple terms tracks the movement of BTC on the blockchain. An OG moving coins after holding them for half a decade is almost always a sign of impending liquidation or profit. During the peak of the bullish cycle, one-day sell-offs sometimes exceeded
Bitcoin’s ‘OG’ investors have curbed selling in a bullish sign for the market Read More »
It was another dizzying day for Asia’s tech stocks. A day after falling 10 percent, South Korea’s benchmark KOSPI rose in a volatile trading session on Wednesday. The index rose as much as 4 percent in morning trade before a sharp selloff briefly drove it down 2 percent. By late afternoon, it had clawed its
Asia Tech shares swing wildly as AI jitters continue Read More »
Bitcoin and ether are grinding toward the lower end of their recent ranges, major market-making firm Wintermute’s OTC trading desk said in a Wednesday note shared with CoinDesk, with both assets caught between last week’s hawkish Fed and stop-start Iran headlines. Options markets are pricing in a relatively tight move for the next 24 hours.
Bitcoin could fall to $59,000 in the near term as liquidity dries up Read More »
Micron, Marvell and On Semiconductor, each more than doubling in 2026, led the decline. The selloff dragged the S&P 500 down 1.4% and the Nasdaq 100 down 3.3%. An attempted rally in Asian chip stocks failed on Wednesday, with Taiwan Semiconductor falling more than 3%. Oil continued to fall as the other half of the
Bitcoin falls to $62,000 as chip sell-off deepens for another day Read More »
In the same state, Fairshake endorsed incumbent Rep. April McClain Delaney for $516,000, while also contributing advertising spending in other states’ Tuesday primaries to Republican incumbent Rep. Blake Moore of Utah and $1.3 million to one of the industry’s most reliable allies in the House, Rep. Ritchie Torres, a New York Democrat. All also won
In its first earnings report since its May IPO, Cerebras Systems ( CBRS ) is down 11% in after-hours trading after guiding for lower profit margins next quarter. First-quarter revenue nearly doubled from a year earlier to $193.4 million, and the company’s adjusted net loss of $2.5 million beat analysts’ forecasts of $36.75 million. For
AI chip maker Cerebras fell 11% after first public earnings report Read More »
The launch is the latest example of tokenization, a fast-growing sector that puts traditional assets such as funds, bonds and stocks on blockchain networks. Proponents argue that the technology can make assets easier to transfer and settle, reach a wider set of investors globally, while enabling around-the-clock trading. Major firms including BlackRock, Franklin Templeton and
Crypto critic Nouriel Roubini embraces tokenization with ETF-backed ‘Technodollar’ Read More »
A stablecoin promises to hold a fixed $1 value, but STRC never made that promise. It’s a preferred stock, a class of stock that pays a certain dividend, designed to trade near $100, but with no peg to defend, so it can’t “depeg” like UST did. “Strategy’s objective has been to support STRC’s trade at
The strategy’s STRC decline is not a Terra repeat, says Benchmark Read More »
$1.7 trillion asset manager Franklin Templeton is establishing a new dedicated active crypto investment management arm through the acquisition of 250 Digital. Franklin Templeton has established Franklin Crypto to offer institutional investors actively managed cryptocurrency strategies, the asset manager said in a statement. The San Mateo, Calif.-based wealth manager first announced the acquisition and new
