U.S. stocks rose on Wednesday as investors reacted to new producer price index inflation data, and Oracle’s stock soared on a strong revenue forecast. Summary S&P 500 jumped 0.5% as stocks amid the latest PPI report. Oracle shares jumped 40% and were on pace for biggest gains single-day gains since 1992. The S&P 500 index
Persistent inflation and limited access to hard currencies are the unlikely accelerants behind the boom. For many, crypto is not an investment choice but a necessary tool for preserving savings and accessing global markets. Summary Sub-Saharan Africa’s crypto economy surged 52% to $205 billion in annual flows, Chainalysis reports, making it the world’s third-fastest-growing region.
Oracle Corp. stock rocketed as much as 40% in intraday trading—a rally so dramatic, it appears to have set a record for any company valued north of $500 billion. The trigger? A bold AI strategy finally paying off. At the heart of today’s fireworks is Oracle’s up-close-and-personal pivot into artificial intelligence infrastructure. The company revealed
Coinbase and Block are the first crypto-native companies that were added to the S&P 500 stock market index. There was much talk that Michael Saylor’s Strategy will be the next one soon. Market analyst Jeff Walton said it’s a 91% chance that Strategy will succeed. However, the committee rejected the company. At the same time,
The Healthcare of Ontario Pension Plan Trust Fund, which manages about C$112 billion for nearly 460,000 healthcare workers, has just taken a US$31 million position in MicroStrategy shares. In dollar terms, this isn’t massive for a pension of that size, but the signal is hard to miss. It is one of the first large Canadian
Jack Dorsey’s peer-to-peer decentralised messaging service Bitchat saw a significant spike in downloads from users in Nepal during this week’s social media crackdown. That’s according to Cashu founder and X user @callebtc, who noted that the uptick in downloads was even larger than a previous spike from Indonesia that saw 12,000 daily downloads during another
The world of digital assets just got another significant nod of approval. Swedish health tech company H100 recently made headlines with its latest H100 Bitcoin purchase, acquiring an additional 21 BTC. This move brings their total Bitcoin holdings to an impressive 1,025 BTC, signaling a growing trend of diverse institutions embracing cryptocurrencies. Why is the
Robin Energy (RBNE), a Nasdaq-listed energy transportation company, recently made headlines with its significant Bitcoin purchase. This strategic move immediately sent its stock soaring by over 40% in intraday trading, captivating investors and analysts alike. It’s a clear signal that traditional industries are increasingly recognizing the power of digital assets. What Sparked Robin Energy’s Explosive
Bitcoin is consolidating just around the $114K level after weeks of volatility, with price action showing mixed signals across timeframes. The daily chart suggests momentum is fading, while the 4-hour chart highlights a tightening structure near resistance. Meanwhile, on-chain data continues to point to structural accumulation. Technical Analysis By Shayan The Daily Chart On the
While the FED has been pausing interest rate cuts since January, a rate cut is now considered inevitable. At this point, it seems certain that the FED will not cut interest rates at next week’s meeting. While it is unlikely that interest rates will remain unchanged, a 25 basis point cut by the FED is