Bitcoin miners and other crypto-focused stocks plummeted on Thursday amid a wider downturn in crypto markets and other risk-on assets, fueled by the same macroeconomic uncertainties that have bedeviled markets for weeks. Miners Bitdeer Technologies Group and Bitfarms were down more than 20% and 17%, respectively, while Cipher Mining fell 13%. Share prices of other
Circle stock price has been in a strong freefall in the past few months, a situation that accelerated after it published its second quarterly results as a publicly traded company. It plunged to a low of $86, down sharply from its all-time high of $300. This plunge has brought its market cap to $19.9 billion,
Two senior FED officials made statements arguing that monetary policy should be kept tight in the fight against inflation. Federal Reserve Board Member Beth M. Hammack stated that the dollar’s weakening this year is not a concern and emphasized the need to avoid easing monetary policy. St. Louis Fed President Alberto Musalem stated that the
All eyes in global markets are once again on the Fed’s December meeting. This time around, however, expectations are quite mixed. According to CME Group data, investors now see the probability of a 25 basis point rate cut in December as less than 50%. Investors on the Kalshi platform, however, still give the same scenario
U.S. crypto stocks are beginning to find stability as the crypto market transitions into a calm phase after a long period of volatility. Summary U.S. crypto stocks edge higher in pre-market trading, led by SharpLink Gaming (SBET) up 3.28% and Bitmine Immersion (BMNR) up 2.19%, signaling a return of investor confidence. Major firms show modest
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Identity verification is a fundamental part of everyday activities. People need it in banks, workspaces, educational institutions, and healthcare facilities. But the traditional identity verification system is broken due to error-prone mechanisms,
In a bold move that’s capturing attention across both traditional finance and cryptocurrency circles, Upexi has announced a massive $50 million share buyback program. This Solana investor, listed on Nasdaq, is making strategic moves that could reshape its market position. Let’s explore what this means for investors and the broader crypto landscape. Why Is This
The last penny, nominally valued at $0.01, was minted by the United States Mint in Philadelphia, Pennsylvania, on Wednesday, marking the end of 232 years of new pennies being coined and circulated. US President Donald Trump directed the US Treasury to stop producing pennies in February, and the Treasury initially set a 2026 target for
Key Takeaways xAI has expanded its latest funding round to $15 billion, boosting the company’s valuation to around $200 billion. The raise is expected to fund large-scale GPU purchases as xAI accelerates development of its foundational models xAI, Elon Musk’s artificial intelligence company, has secured $15 billion in new funding, CNBC reported today. The round