This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Last week’s macro super bowl, as we called it in our most recent Forward Guidance roundup, certainly lived up to expectations of fireworks. Just look at how much the market’s odds for a September rate cut have whipsawed: Source: CME Group
Two Seas Capital, the third largest shareholder in Core Scientific (CORZ) with a 6.3% stake, has come out against the bitcoin miner’s proposed all-stock acquisition by AI cloud provider CoreWeave (CRWV). In a letter published Thursday, Two Seas said it intends to vote against the deal, which was announced July 7, and plans to rally
Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance. The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on
This is a segment from the Empire newsletter. To read full editions, subscribe. Scenius Capital is making some moves. Ben Jacobs, co-founder and managing partner, told Blockworks exclusively that the firm just closed a “slightly oversubscribed” $20 million fundraise for a fund of emerging crypto VC funds. “We think we’ve carved out a unique niche
The Dow Jones Industrial Average gained 200 points as stocks added to the previous session’s gains, with President Donald Trump’s chip tariff announcement buoying tech stocks. Summary Dow Jones Industrial Average gained by more than 200 points as stocks opened higher. Tech stocks rose as Trump signaled chip tariffs exemptions forcompanies building in the United
The crypto market is rebounding with major altcoins Ethereum, Solana, and XRP leading the way. It comes amid reports that President Trump is set to sign an executive order on Thursday that will pave the way for cryptocurrencies to be held in 401(k)s—a popular retirement account for Americans. Ethereum has climbed 7.3% over the past
Story Highlights Bank of England cuts interest rates to 4% amid rising inflation and slowing job growth. Crypto markets could benefit as central banks shift toward looser monetary policy. All eyes on the Fed’s September meeting, with rate cut odds even shooting above 93%. The Bank of England (BOE) has cut its key interest rate
President Donald Trump is scheduled to sign an executive order on Thursday, August 7, allowing 401(k) retirement plans to include private equity, real estate, and cryptocurrencies, among other similar assets. The order will instruct the U.S. Department of Labor to review and possibly revise the existing guidelines on the inclusion of alternative investments in retirement