The Federal Reserve just held interest rates steady at 3.50%-3.75%. That part was expected. What wasn’t expected: four Fed presidents voted against the decision, arguing the central bank should have signaled potential rate hikes instead. That level of internal disagreement hasn’t happened in over 30 years. And it tells you everything about how dramatically the
Strategy’s STRC, the company’s perpetual preferred stock, finished Friday’s trading session back at $100 par. The rebound provides the firm with an opportunity to sell equity and fund additional Bitcoin purchases. STRC ended May 8 at $99.99 and reached $100 in extended trading, with liquidity at over $218 million. It took 10 trading sessions for
After hovering slightly above the $320 billion threshold last week, the stablecoin sector pulled in more than $2 billion in fresh capital over the past seven days. Data from Defillama shows the stablecoin economy now carries a combined market capitalization of $322.74 billion. Key Takeaways: Tether’s $USDT hit $189.63B on May 10, keeping 58.76% control
In South Korea, cryptocurrency investors are beginning to convert their assets into cash to purchase real estate, with this trend being most prevalent among investors in their 30s. According to data released by South Korea’s Ministry of Land, Infrastructure and Transport on May 10, a total of 324 homebuyers declared using proceeds from cryptocurrency sales
The race for the title of world’s most valuable public company has a new front-runner warming up. Alphabet, Google’s parent company, is closing in on Nvidia with a market capitalization of approximately $4.8 trillion, sitting roughly $240 billion behind the chipmaker’s $4.79 trillion valuation. The numbers behind the surge Alphabet’s stock has climbed 24% year-to-date.
The S&P 500 closed at 7,398.93 on May 8, 2026, notching a fresh all-time high on a gain of 0.84%. The Nasdaq Composite did even better, surging 1.71%, while the Nasdaq 100 climbed 2.35%. A handful of technology stocks, particularly in semiconductors and artificial intelligence, provided most of the thrust. Year-to-date, the S&P 500 is
MIAMI BEACH, Fla. — Senior figures from Google Cloud and PayPal told CoinDesk’s Consensus Miami conference on Thursday that the next wave of internet commerce will run on crypto rails because AI agents structurally cannot use traditional financial accounts. Richard Widmann, global head of Web3 strategy at Google Cloud, said the existing internet user experience
Jerome Powell, whose eight-year term as head of the Fed is coming to an end, is preparing to officially step down on May 15. Powell, an “unconventional” central bank governor without an economics background, witnessed many critical periods, from the pandemic crisis to the highest inflation in 40 years, from aggressive interest rate hikes to
According to Binance’s Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta stressed that the driving use cases for stablecoins in Peru were cross-border payments and remittances. Key Takeaways: Binance’s Daniel Acosta notes 90% of Peru’s $28B
‘Big Short’ Michael Burry, who rightly predicted the housing market crash, has issued another warning about the AI market, noting that the current excitement around AI stocks resembles the late stages of the dot-com bubble. This follows his recent short bets against the Philadelphia Semiconductor Index (SOX), which includes NVIDIA, the world’s most valuable company.