JPMorgan Asset Management Chief Global Strategist David Kelly said in an interview with CNBC that the slowdown in the US economy is becoming increasingly evident and that the Fed’s expected interest rate cuts will not change this picture. Kelly argued that the weak August employment report and other economic indicators pointed to further softening in
Imagine a world where waiting for a new car isn’t a frustrating, opaque process. The potential for tokenizing car reservations is emerging as a game-changer, promising to transform how we book vehicles and potentially unlock a multi-trillion dollar market. This innovative approach uses blockchain technology to streamline inefficient reservation systems, directly tackling high consumer dissatisfaction
Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone. The withdrawals followed a record-setting August when spot ether ETFs pulled in $3.87 billion even as bitcoin ETFs saw $751 million in net outflows, according to SoSoValue
As Bitcoin (BTC) consolidates around the $110,000 level, technical indicators suggest that the asset’s current bull cycle may be nearing its conclusion. According to prominent online analyst TradingShot, the maiden cryptocurrency is approaching a potential market peak in late 2025, to be followed by a significant correction into 2026. In a TradingView post on September
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, shared his views on the future of Bitcoin (BTC) and the general markets in an interview. McGlone described Bitcoin’s rise to $100,000 as the “peak of the bubble,” suggesting the price could drop to $10,000. He explained this potential decline as being due to Bitcoin becoming a risky
Cathie Wood’s ARK Invest stepped up its bets on crypto-related equities Friday, buying more than $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk, across three of its actively managed ETFs. Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech
US President Donald Trump has narrowed down his list of candidates to replace Jerome Powell as the new Fed Chair. Trump’s shortlist includes White House economic advisor Kevin Hassett, former Fed member Kevin Warsh and current Fed member Christopher Waller. Speaking to reporters at the White House, Trump said he was considering Treasury Secretary Scott
AI firm Showrunner plans to “reconstruct” 43 missing minutes of footage from Orson Welles’ 1942 classic “The Magnificent Ambersons” using artificial intelligence. Per a report in trade paper The Hollywood Reporter, Showrunner will use a combination of AI tools and conventional filmmaking techniques to assemble its interpretation of the missing footage, using archived set photos
Bitcoin is trading at $110,709 with a market capitalization of $2.20 trillion, as price action consolidates after repeated rejections near $113,000. Trading volume over the past 24 hours reached $44.74 billion, with intraday movement confined between $110,339 and $113,225. The leading crypto asset sits 10.8% below its all-time high set on Aug. 14, 2025, keeping