HIVE Digital (HIVE) shares soared on Monday morning as investors reacted to the firm’s recently announced pivot from BTC mining into AI and high-performance computing (HPC) infrastructure. Late last week, HIVE said its wholly owned subsidiary, BUZZ HPC, signed a massive three-year commercial contract valued at about $220 million. According to the press release, BUZZ
Elon Musk, CEO of Tesla and SpaceX, believes the global economy could grow tenfold over the next decade. In a podcast with Peter Diamandis, Musk described the growth as a “fairly comfortable” outcome. He said advances in AI, automation, and space infrastructure will greatly increase global output by 2036. However, he noted that a conflict,
Japan’s Nikkei 225 crossed the 72,000 level for the first time ever today, June 22, riding the high from the 10.5 trillion yen ($65.1 billion) that the Japanese government committed to in a public—private physical AI spending plan expected to spread across 17 strategic sectors by fiscal 2040. The benchmark index closed at 72,353.96, up
Bank of America (BofA) Global Research has become much more hawkish on U.S. monetary policy and has now projected three Fed rate hikes this year in 2026. The updated forecast puts the bank in line with Wall Street’s most bullish forecasters. A raise in Fed’s interest rates could potentially put added pressure on risk assets,
The crypto market is eagerly waiting for the upcoming US PCE inflation data, amid soaring bets over potential rate hikes by the US Federal Reserve. According to the latest reports, the US Fed is expected to raise the policy rate three times this year, which has already weighed on the investors’ sentiment.
Switzerland-based Web3 development platform Enso has launched a real-world asset (RWA) application offering access to more than 500 tokenized assets through integrations with xStocks, Ondo Finance and Anchorage Digital’s Porto. Through Enso’s execution layer, users can access tokenized stocks, ETFs, Treasurys, commodities and stablecoins. Ondo will provide tokenized equities, treasury products and capital markets infrastructure,
Franklin Crypto, the newly established digital asset division of Franklin Templeton, has launched following the completion of the firm’s acquisition of 250 Digital, an active crypto investment management firm led by industry veterans Christopher Perkins and Seth Ginns. 250 Digital was established in January after being spun out of CoinFund. The acquisition was first announced