The federal government is preparing to redraw the boundaries of America’s retirement accounts. The US Department of Labor has proposed a new rule clarifying how 401(k) fiduciaries (the employer committees legally responsible for plan investment decisions) should evaluate so-called “alternative” assets, including private equity, private credit, and…digital assets. The proposal came directly out of an
Bitcoin investors hoping for a quick recovery may need to be patient. That is the message from Katie Stockton, founder and managing partner of Fairlead Strategies, who appeared on CNBC’s Squawk Box this week. Bitcoin Is Boring Right Now and That Is the Point Stockton’s Bitcoin read was measured but clear. She sees the current
Despite mounting geopolitical tensions in the Middle East, bitcoin reclaimed the $70,000 mark on Monday, supported by Strategy’s latest acquisition of 4,871 bitcoins. Key Takeaways: Bitcoin hit $70,355 on April 6, keeping market cap near $1.4T despite Iran rejecting U.S. ceasefire. Michael Saylor’s company Strategy bought 4,871 $BTC worth $329.9M, reinforcing institutional demand. Bitfinex warns
Bitcoin has climbed back above the $70,000 mark, hitting its highest level in the past 10 days. The move was quick, with $BTC jumping around 3.6% in just 12 hours, triggering over $258 million in liquidations, $233 million of that from short positions. Can Short Squeeze Fuel the Rally Higher The breakout was largely fueled
In a series of recent portfolio moves, Cathie Wood sharpened ARK Invest AI exposure while reshaping positions across genomics, logistics, and clean energy names. CoreWeave stake marks major bet on AI infrastructure The most consequential transaction centered on CoreWeave, an Nvidia-partnered cloud infrastructure provider focused on GPU-accelerated data centers for artificial intelligence workloads. Over three
US President Donald Trump’s harsh statements regarding the ongoing war with Iran have increased anxiety in global markets. Trump, pointing to midnight on Tuesday, said that large-scale attacks on bridges and energy infrastructure in Iran were on the agenda. The US leader suggested that a potential operation could take place within a mere four-hour timeframe,
US financial giant Wells Fargo has significantly revised its interest rate expectations for 2026. The bank’s investment arm, Wells Fargo Investment Institute, stated that it no longer expects the Fed to cut interest rates this year due to increased geopolitical risks stemming from the Iran conflict and uncertainties surrounding inflation. The institute had previously predicted
Crypto has added to a Sunday rally, with bitcoin rising above $70,000 in quiet post-Easter U.S. trading hours. The gains come alongside a modest advance in the major stock market averages ahead of President Trump’s Tuesday ultimatum for Iran to open the Strait of Hormuz. Just past the noon hour on the East Coast, the
The ongoing war between the US and Iran has negatively impacted the US economy. The risk of inflation has increased, and the likelihood of the Fed cutting interest rates has been postponed until the end of the year. Aside from this postponement, it has been stated that the Fed may even raise interest rates if