U.S. President Donald Trump is making a last-ditch push ahead of the FOMC meeting this week. The president has again urged Powell to make a large Fed rate cut, one bigger than the Fed may currently be planning. A potential rate cut could be bullish for Bitcoin and the broader crypto market, as BitMEX co-founder
Chinese government bonds snapped a weeklong slide after a selloff lifted benchmark yields to the highest level in nine months, fueling bets that the central bank is nearing a return to buying debt. Traders said the late-week rebound followed growing talk that the People’s Bank of China could step back into the market after halting
CoreWeave (CRWV) were higher by about 5% in early U.S. trading Monday after the cloud computing company entered into a $6.3 billion deal with Nvidia (NVDA) to guarantee use of its excess server capacity, according to a filing with the Securities and Exchange Commission. Under the agreement, Nvidia will buy any unused computing resources from
Chairman of the Hong Kong Institute of Accountants and Financial Reporting, Sun Deji, said that he expects the government to wait a little longer before publishing guidelines on how to audit stablecoins. Summary Accounting and Financial Reporting Council Chairman Sun Deji expects Hong Kong authorities will not rush its stablecoin audit guidelines. Sun Deji expects
Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company. The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the
Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows. Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, which nears the record high seen in August. Last month, crypto ETPs saw an all-time
Key Takeaways Elon Musk purchased more than 2.5 million shares of Tesla, as revealed by a regulatory filing. Specifics about the timing and price of the stock acquisition were not disclosed in the initial filing. Elon Musk purchased more than 2.5 million Tesla shares, according to a regulatory filing today. The Tesla chief executive officer’s
If you’re wondering why bitcoin’s (BTC) price is slipping for the past two hours, the possible culprit is pre-market trading on Wall Street, where shares of Nvidia (NVDA) have dropped nearly 3%. The losses follow an announcement by China’s market regulator that Nvidia allegedly violated the country’s anti-monopoly laws during its acquisition of Israeli networking
Crypto firms across the UK and US are demanding that the BoE ditch its plan to cap stablecoin holdings at £10,000–£20,000 for individuals and £10 million for companies. This plan, according to Financial Times, would make the UK the only major jurisdiction trying to lock users out of full access to stablecoins, at a time