Adobe shares rose 3% in intraday trading on Tuesday following unconfirmed reports that Michael Burry, the investor who famously predicted the 2008 housing collapse, had taken long positions in the software company. The stock climbed as high as $270 after the opening bell before retreating to around $268. per Yahoo Finance. Year-to-date, shares of the
Shares of stablecoin issuer Circle (CRCL) have risen over 20% this week, outperforming the broader market following Israeli and U.S. airstrikes on Iran over the weekend. Japanese bank Mizuho attributed the rally in part to a sharp rise in oil prices, as tensions in the Middle East exploded. Higher crude prices could rekindle inflationary pressures,
Israel and the United States have launched a joint attack on Iran, one that has an unclear expiry date and that has already caused reverberations across the rest of the Middle East. Though Israel’s intentions are clear, those of the United States are not. In a conversation with Steve Hanke, former Reagan advisor and economics
US President Donald Trump made noteworthy statements regarding both trade policies and tensions in the Middle East. Trump stated that after the Supreme Court overturned certain tariffs, they have a five-month period to determine tariffs to be applied to different countries, and that tariffs will remain at 15 percent during this time. Following this period,
Federal Reserve official Neel Kashkari, in his remarks on monetary policy, conveyed a message of determination in the fight against inflation. Kashkari stated that the Fed needs to reach its 2% inflation target, adding that caution is warranted in the current economic outlook. While noting that the labor market is in good shape, Kashkari said
Harvard University endowment’s decision to trim its bitcoin BTC$67,035.11 holdings while adding exposure to ether (ETH) has raised a familiar question: Is the endowment making a bet on Ethereum over Bitcoin, or simply adjusting risk? The answer may be less dramatic than it appears and potentially bullish for the sector. Michael Markov, co-founder and chairman
The S&P 500 has become a pure geopolitical barometer as the Iran war collides with a sharp spike in oil prices, putting the index’s 2026 rally under serious pressure. Futures tied to the S&P 500 fell about 2% in early Tuesday trading as fresh US-Israeli strikes and Iranian retaliation pushed worries about a prolonged conflict
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 1924.9, down 3.3% (-66.23) since 4 p.m. ET on Monday. One of the 20 assets are trading higher. Leaders: NEAR (+1.3%) and CRO (-1.6%). Laggards: AAVE (-10.0%) and ADA
Visa and Stripe-owned stablecoin firm Bridge have expanded globally the stablecoin-linked card issuance product unveiled last year, which was focused on Central and South American countries. Lead Bank, which was announced as a participant in Visa’s stablecoin settlement pilot earlier this year, is also working with Bridge’s stablecoin infrastructure, according to a press release. Bridge-enabled
The Telegram Ban Philippines debate shook Asia’s digital economy this week. Regulators signaled strong action against platforms linked to scams. Many feared authorities would shut down Telegram completely. That move would have disrupted millions of Filipino users overnight. Yet the government stopped short of a full prohibition. Officials weighed enforcement risks against public backlash. Businesses,