Allbirds (BIRD) surged around 300% after saying it will pivot from sneakers into AI computation services, underscoring one of the market’s dominant themes: the race to secure scarce AI infrastructure. The company said it agreed to sell its footwear brand to American Exchange Group and reinvent itself as NewBird AI, backed by a $50 million
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2058.34, up 0.4% (+9.17) since 4 p.m. ET on Tuesday. Eighteen of 20 assets are trading higher. Leaders: AAVE (+4.3%) and APT (+3.8%). Laggards: CRO (-0.6%) and SOL (-0.5%).
Bitcoin ($BTC) experienced a sharp rise yesterday and retested the $76,000 level. However, this attempt failed again, and the $BTC price retreated to the $73,000 level. One analyst noted that a key data point in the markets indicated a possible bottom formation. $BTC investors are in a bearish trend, which creates the potential for a
Investors who thrive on bitcoin’s wild price swings may be in for disappointment. Major banks are preparing to introduce new products that could dampen volatility in a market that has already become significantly calmer in recent years. Most recently, Goldman Sachs filed an application for a Bitcoin Premium Income exchange-traded fund (ETF). The proposed fund
The International Monetary Fund (IMF)’s latest macroeconomic warnings paint a picture that could be one of the most consequential and bullish indicators for bitcoin . At the core of the warning is a steady rise in global public debt, which the IMF has projected could approach 100% of global gross domestic product (GDP) by 2029
Tax season is now more connected to Bitcoin’s retail demand. Bitcoin has spent the first half of April trading in the low $70,000s, with recent moves through the $71,000 to $75,000 zone keeping the asset close enough to its highs for retail attention to return quickly. But there’s a more important change happening beneath the
Bitcoin price fell nearly 3% on Wednesday as investors booked profits following its sharp rally above $75,000 the previous day amid renewed hopes of U.S.-Iran peace talks. Bitcoin’s price fell today as investors booked profits following the sharp rebound yesterday. It is quite common for investors to take some profits, especially when such a sharp
Inflows of capital to the US stock market have been dramatic and the amount of capital added is estimated to be about one-point four trillion in only two days. This sharp move comes after a period of uncertainty and selling pressure, signaling a strong reversal in market sentiment. $1,400,000,000 has been added to US stock
Pump.fun accelerated its Pumpcade arc after completing a $5m funding round. The PUMPCADE token reacted with a record rally, going vertical with a 100% gain in the past week. Pumpcade is Pump.fun’s bid on the prediction market, seeking new potential for liquidity and retail activity. Pumpcade is also reviving small-scale fundraising with its latest oversubscribed