Artificial intelligence (AI) has added trillions of dollars to global stock market valuations and turned AI companies like Nvidia, OpenAI, and Anthropic into Wall Street’s hottest trade. But India’s Chief Economic Advisor (CEA) Dr. Anantha Nageswaran called current AI-related stock valuations a “bubble.” Also added that fears of AI replacing large numbers of workers are
Summary This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. President Donald Trump said over the weekend that the U.S and Iran had reached a peace deal and will sign it on June 19. Among other conditions, the agreement sees the removal of the U.S. naval blockade and the
Summary Crypto Week Ahead is a comprehensive list of what’s coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets. Crypto traders will hope the week offers a reprieve to months of geopolitical anxiety that has stifled risk assets following Sunday’s announcement of
Summary ARK Invest built a stake of nearly 3.3 million SpaceX shares worth more than $500 million on the day of the company’s record-setting IPO. Cathie Wood’s firm sold more than $325 million of stock across at least 13 companies in the days around the listing. ARK’s shift of risk capital from crypto toward high-growth
Stablecoins have stopped being a niche crypto product. They are scaling into systemically important payment rails, and Asian regulators are now shaping who gets to issue them and under what rules. A weekly roundup from WuBlockchain captures the acceleration: Japanese banks are preparing to issue stablecoins, Hong Kong expects to launch a regulated framework by
US President Donald Trump announced that the agreement with the Islamic Republic of Iran has been finalized. Trump’s statement indicated that he has given full authority to reopen the Strait of Hormuz without tolls and also ordered the immediate lifting of the US naval blockade. In his statement, Trump said, “The deal with the Islamic
Bitmine Immersion Technologies has set its preferred stock dividends in motion, marking a notable step in the company’s effort to bridge traditional income investing with its unconventional digital asset strategy. The Bitmine preferred stock dividends — set at a 9.50% annual rate on its newly issued Series A perpetual preferred stock — come alongside a
Kevin Warsh faces his first test as Federal Reserve chair. During the week, he will lead the meeting that decides US interest rates. Investors expect rates to stay between 3.5% and 3.75%, according to the CME’s FedWatchTool. The futures market doesn’t expect another rate cut from the Fed until March of 2027, at which time