09/11 update below. This post was originally published on September 10 Elon Musk, the Tesla billionaire who tops Forbes’ rankings of the world’s richest people (at least for now), has flung himself back into his day job since leaving president Donald Trump’s White House. Musk, who now holds $1.3 billion worth of bitcoin on Tesla’s
Oracle tumbled by 6% on Thursday after touching an all-time high just a day before. The drop came fast after a brutal reality check: nearly all of its hyped growth is tied to just one client, OpenAI, as Cryptopolitan reported. The sharp reversal hit right after CEO Safra Catz told investors on Tuesday that Oracle
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. No one is really arguing whether the Federal Reserve will cut rates next week. The conversation has become: by how much? And how will that impact crypto markets? It’s perfect timing for such a question, as more data dropped today. The
Prominent Canadian investor Kevin O’Leary claims that he has overhauled his cryptocurrency investment strategy. The longtime “Shark Tank” host now claims that he is exclusively sticking with Bitcoin (BTC) and Ethereum (ETH). He is convinced that there is no need to own any other tokens, including meme cryptocurrency. “You don’t need to own any of
Banks should learn to manage the risks and thus make crypto services more accessible, the head of Armenia’s monetary authority has suggested. Speaking in the country’s parliament, the executive urged the adoption of a pragmatic approach to regulation in order to ensure innovation goes hand-in-hand with financial security. Governor calls for pragmatism regarding cryptocurrency Crypto
USDC circulation hits $72B, doubling from last year, boosting trust in stablecoins. Reserve income rises with increased blockchain activity, fueling revenue growth. Circle seen as building essential infrastructure beyond crypto speculation. Circle stock (CRCL:NYSE) soared 14% on Thursday, sending a clear signal that investors are warming up to the company’s evolving role in the financial
Michael Saylor’s flagship preferred share, Strike (STRK), was conspicuously absent from his company’s listing announcement this morning. The company instead announced that investors may now purchase calls and puts on Strife (STRF), Stretch (STRC), and Stride (STRD), as well as the earlier options chain for Strategy common stock (MSTR). No options chain exists for STRK
August CPI did little to get crypto moving, leaving big players like Bitcoin stuck in neutral. With the Fed’s next call on rates just around the corner, the market’s collective shrug feels less like uncertainty and more like a deliberate holding pattern. Summary Crypto markets showed little reaction after August CPI rose 2.9%, leaving Bitcoin
U.S. stocks climbed on Thursday, with the Dow Jones Industrial Average up more than 170 points, while Treasury yields declined after the latest consumer inflation data. Summary Dow Jones Industrial Average gained 170 points and S&P 500 added 0.3%. Wall Street remained bullish despite consumer price index data coming in hotter-than-expected on Thursday. Overall expectation
Donald Trump, who’s repeatedly criticized Hunter Biden for perceived conflicts of interest, has unleashed his three sons on the cryptocurrency industry to participate with unprecedented breadth and financial entanglement. All three of Trump’s sons are tied to and profiting from the industry as a whole, with Donald Jr. and Eric taking the lion’s share of