US President Donald Trump said he currently has no plans to remove Federal Reserve Chairman Jerome Powell from his post, despite the Justice Department investigation into Powell’s activities. Trump added that it was too early to make a final decision on the matter. Speaking to Reuters, Trump responded to a question about whether he would
Key Takeaways Bitmine Immersion Technologies invests $200 million in Beast Industries. The investment will close around January 19, 2026. Bitmine Immersion Technology, the world’s leading Ethereum treasury company, announced Thursday a $200 million equity investment into Beast Industries. The announcement comes ahead of Bitmine’s annual meeting scheduled for later today. The partnership will focus on
Strategy (MSTR) the largest corporate holder of bitcoin, with its treasury strategy centered on accumulating BTC as a core reserve asset, has seen its Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, dip below its $100 stated value in pre-market trading following its latest monthly dividend payment, a move that largely reflects routine ex
Project Eleven, a startup founded by a former U.S. Special Forces officer to help blockchains prepare for a post-quantum world, said it raised a $20 million Series A funding round led by Castle Island Ventures with participation from Coinbase Ventures. Advancements in quantum computing in the coming decade could break existing public-key cryptography used by
Bank of America Chief Executive Brian Moynihan is telling lawmakers that forcing stablecoin issuers to pay interest could take trillions away from banks, reduce lending capacity, and raise borrowing costs in the US economy. In its latest market structure bill, unveiled on Tuesday, the Senate Banking Committee discussed restrictions on stablecoin yields. Moynihan, speaking on
Argentina continues to lead global crypto adoption as citizens look for alternatives to fragile financial systems. High inflation, currency depreciation, and strict banking requirements have pushed millions to explore digital assets. Bitcoin has already become a popular store of value, yet using it for daily spending often forces users to sell assets they prefer to
The S&P 500 pullback continued for a second consecutive session as investors turned cautious across US equities. Technology stocks led losses, reversing part of the strong rally seen earlier this month. Market sentiment weakened as traders responded to renewed geopolitical and trade related risks. These pressures arrived at a time when valuations already reflected high
A pullback in crypto markets during the fourth quarter of 2025 weighed on several of Cathie Wood’s ARK exchange-traded funds (ETFs), revealing that the firm’s flagship funds are sensitive to digital asset performance. According to ARK’s quarterly report released Wednesday, weakness in crypto-linked equities, led by Coinbase, emerged as a key drag on performance. The
Silver’s surge to record highs is flashing urgent warnings about collapsing supply, mispriced mining stocks, and eroding currency confidence, with mounting volatility risks as prices race toward triple digits, economist Peter Schiff says. Peter Schiff Warns: Silver Supply Is Collapsing and the Market Isn’t Ready Economist and gold advocate Peter Schiff shared on social media
Global banks have significantly divergent expectations regarding the Fed’s interest rate path. Brian Martin, Head of G3 Economic Research at ANZ Bank, argues that the pause in interest rate cuts will not last long, while J.P. Morgan paints a more cautious picture. According to ANZ, even if the Fed keeps rates unchanged at its January