This year opened with a surge of validation for crypto-linked equities. As Bitcoin again broke above $100,000 in January, stocks linked to digital assets—either as treasuries or via direct crypto businesses and mining firms—reaped the rewards. Hut 8 Corp. (HUT) and Riot Platforms Inc. (RIOT) notched double-digit rallies, leading the charge. Bullish momentum followed Bitcoin’s
The recent announcement by Minister Vedat Işıkhan reveals a 27% increase in Turkey’s minimum wage for the coming year. This change prompts a closer look at how this wage adjustment impacts cryptocurrency buying power. With each annual increase, the effect on crypto investments becomes a focal point for many. Contents How Does This Compare to
YouTube rival and Bitcoin treasury Rumble has said it is buying AI and high-performance-computing firm Northern Data in a deal backed by stablecoin giant Tether. The alternative media company—which describes itself as “the freedom-first technology platform”—said Monday that it would get access to the German company’s GPUs and would work to expand its cloud business.
Wall Street cynic Jim Chanos has closed out his widely publicized and controversial bet against Michael Saylor’s Strategy (formerly MicroStrategy), likely doubling his money through short-selling the company’s MSTR common stock. To be exact, the short-seller constructed a pair trade of short MSTR and long bitcoin (BTC). Rather than betting that the price of MSTR
Rumble (NASDAQ: RUM) shares are surging in pre-market trading after the video-sharing platform reported third-quarter results showing sharp improvement in profitability despite a modest dip in revenue. By press time, the stock was trading at $5.89, up 17% in pre-market activity. Even with this rally, Rumble remains down more than 50% year to date, reflecting
Pseudonymous high-stakes crypto trader James Wynn on Monday decided to go all-in on shorting the crypto market. He revealed that he has sold his entire digital asset portfolio, except for his long-term spot BTC, which he plans to never sell. Wynn said he has deployed all stablecoins (30% of his portfolio) and added them to
Crypto majors surged following news of the U.S. government’s reopening, with Bitcoin (BTC) up 4% to $106,000, Ethereum (ETH) gaining 4% to $3,590, Binance Coin (BNB) rising 1% to $996, and Solana (SOL) advancing 5% to $168. Among the top movers, Starknet (STRK) soared 40%, Wolfi (WLFI) jumped 27%, Pump (PUMP) climbed 17%, and Near
Bitcoin and Ethereun funds shed more than $1.17 billion in the past week, according to a new report from digital asset manager CoinShares. BlackRock’s iShares Bitcoin and Ethereum funds accounted for $876 million worth of withdrawals last week, more than any other issuer. The Fidelity Wise Original Bitcoin Fund accounted for another $438 million worth
Shares of IREN, the bitcoin mining firm turned AI infrastructure player, are higher by more than 500% year-to-date, but that might just be a start, according to one Wall Street bull. Following the company’s third-quarter earnings report last week and its $9.7 billion, five-year deal with Microsoft to deliver 200 megawatts of AI compute at
Investors have begun to lose confidence in the Trump Media stock following its reported third-quarter loss totaling to $54.8 million. Can the stock recover from the loss incurred? Summary Trump Media’s stock (DJT) remains under pressure after a steep 70% decline from its previous high, reflecting investor doubts about its ability to recover from mounting