Justin Mateen, a director of the board at American Bitcoin (ABTC), the mining company backed by U.S. President Donald Trump’s family, purchased nearly $1.93 million worth of the company’s stock over two consecutive trading sessions this week, following the company’s latest earnings report. According to regulatory filings, Mateen bought about 145,000 Class A shares on
CoinDesk’s subsidiary and affiliate Bullish reported a 42.9% year-over-year drop in July trading volume even as its company-defined average trading spread widened 72.4%. The two figures produced a derived volume-times-spread proxy that remained slightly below its level a year earlier, so the wider spread did not fully counter the loss of activity on that calculation.
Trump Media and Technology Group (TMTG), under new management, is redefining its strategic focus while backtracking on some of its plans in the cryptocurrency space. The Truth Social parent company is ending two previously announced deals with Crypto.com, aiming to redirect its resources to media operations and its planned merger with fusion energy company TAE.
The U.S. economy lost 23,000 jobs in July, signaling that the labor market has yet to stabilize after four months of positive growth. The unemployment rate, however, fell slightly to 4.1 percent. Following weak employment data, Nick Timiraos, a Wall Street Journal reporter known for his close ties to Fed policy, stated that interpreting the
Polymarket has replaced the single-price snapshot used to resolve short-dated crypto contracts with a time-weighted average price, or TWAP after months of trader complaints and research identifying hundreds of accounts whose activity was consistent with settlement manipulation. The researchers had found that 821 accounts made $8.2 million in settlement windows they classified as likely manipulated,
The U.S. labor market showed weakness for the second consecutive month in July, possibly giving the Federal Reserve room to hold rates in place despite high inflation. According to the government’s Nonfarm Payrolls Report released Friday morning, the U.S. lost 23,000 jobs last month. That was far below the consensus expectation of a gain of
This morning, Jefferies slashed its price target on SanDisk stock 42% from $3,000 to $1,750. ZeroHedge laughed out loud at the drastic action. Just six weeks ago, on June 26, analysts at the investment bank had set their $3,000 price target. Nonetheless, SanDisk stock price is down, even after the AI chipmaker reported the best
Federal Reserve Chairman Kevin Warsh is reportedly prepared to support a rate hike at the September meeting if inflation data, due to be released in the coming weeks, remains high. According to a Financial Times report citing sources close to Warsh, the Fed chairman is open to tightening monetary policy if inflation comes in stronger
Speaking with Steven Bartlett on The Diary of a CEO podcast, the Strategy executive chairman described AI as a tool for solving problems that traditional finance had never encountered. He opened the discussion with a simple message: “Bitcoin is digital capital. AI is digital intelligence.” Together, he stressed, the technologies are reshaping business, markets, work,