Mirae Asset Group has set an initial target of building its digital asset business to 150 trillion won ($108 billion) and turning it profitable in 2027, using newly acquired crypto exchange Digital X as a central part of its “Mirae Asset 3.0” strategy. Digital X said Mirae Asset Group Chairman and Global Strategy Officer Park
Salesforce shares jumped about 12% in premarket trading on Thursday after the company raised its annual revenue and profit forecasts and expanded its partnership with Anthropic through a new artificial intelligence integration. The move comes as Salesforce and other software companies have faced heavy pressure from investors concerned that increasingly capable AI models could undermine
Even as Nvidia continues to generate remarkable financial results, Michael Burry is intensifying his doubts about the artificial intelligence trade by adding to multiple short positions. In an August 26 Substack post titled “Nvidia, Friends, and the Rebel Alliance,” the investor well-known for his wager against the U.S. housing market increased his short positions in
Bitwise’s market-neutral crypto fund, the USCC, has posted a 5.9% annualized return over the past 30 days, driven by a widening gap between futures and spot prices. The fund employs a cash-and-carry strategy, buying major spot assets like Bitcoin and Ethereum while simultaneously selling futures contracts to capture the premium spread without taking directional market
Spot Bitcoin and Ethereum ETFs traded in the US recorded strong capital inflows, indicating continued investor interest. According to SoSoValue data, spot Bitcoin ETFs saw a total net inflow of $232 million, marking the eighth consecutive day of net money inflows into the funds. BlackRock’s IBIT fund recorded the highest daily capital inflow among Bitcoin
Nvidia NVDA$224,89·Kapanışta shares rose 8% during Thursday’s pre-market session after the AI chipmaker delivered another earnings beat and issued stronger-than-expected guidance, lifting the wider technology and crypto markets. The Invesco QQQ has gained more than 1%, while bitcoin climbed over 1% in the past 24 hours to challenge $80,000. AI infrastructure companies also advanced, with
Britain plans to give the Bank of England a new statutory objective to support innovation in stablecoins and other forms of digital money, while keeping financial stability as its primary responsibility. The government plans to add the secondary objective through an amendment to the Financial Services and Markets Bill. The central bank would have to
Avalanche Treasury Corp approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter loss, with about $35.7 million attributed to losses linked to $AVAX. Management described the program as one tool to create shareholder value while it sees a market disconnect. The company’s Aug. 26 results release discloses the board’s approval
Gold is having its strongest run since 1979. The metal touched a record near $5,600 an ounce in January. And unlike other retail-frenzy driven asset runs, this one is being driven by the most conservative institutions on earth: Central banks. Central banks added 863 tonnes of gold in 2025 and are on pace for roughly
Nvidia’s NVDA$207.39·At close fiscal second-quarter results topped the expectations of Wall Street analysts. Total quarterly revenue of $96.2 billion beat consensus forecasts for $92.27 billion. Data center revenue was $89 billion versus estimates for $85.4 billion. Earnings per share of $2.22 beat estimates for $2.09. “AI has reached its inflection point,” said CEO Jensen Huang.