Lumentum Holdings, the photonics and optical technology company trading under the ticker LITE, is being added to the Nasdaq-100 Index effective May 18, 2026. It replaces CoStar Group (CSGP) in the index that tracks the 100 largest non-financial companies listed on the Nasdaq exchange. The inclusion caps one of the more remarkable growth stories in
Trump Media & Technology Group (DJT) reported a net loss of approximately $405.9 million for the first quarter of 2026, with the company attributing the bulk of the decline to write-downs on its cryptocurrency and stock holdings. In its quarterly filing, the company stated that unrealized losses from digital assets and equity investments reached roughly
Renowned market analyst Benjamin Cowen, in his latest video, discussed US labor market data and its potential impact on the stock market and Bitcoin. Cowen stated that the labor market currently appears resilient, but investors should exercise caution during the summer months. Cowen stated that the latest data showed the unemployment rate remained stable at
Traditional finance firms are expanding into crypto prediction markets as event-based contracts draw deeper liquidity. Chainalysis said inflows have risen sharply since September 2024, supported by retail traders, market makers, and institutions. Key Takeaways: Traditional firms are expanding their presence as crypto prediction markets attract deeper liquidity. Retail activity helped draw market makers, institutions, and
The financial market has witnessed another massive leveraged trade gone wrong. A trader betting heavily against the Nasdaq 100 and S&P 500 now faces more than $1.9 million in unrealized losses. The situation became even more dramatic after the trader deposited another $1 million $USDC to avoid liquidation. The move immediately sparked discussions across crypto
As the Decentralized Finance (DeFi) sector continues to evolve, cross-chain infrastructure and real-world asset (RWA) integrations promise to be on board more users. Driven by a desire to enhance liquidity for newly utility-seeking tokens, Nabox Wallet has implemented ShareX ($SHARE) into its in-house swap interface. The integration was viewed as a major development by the
Jack Mallers, the founder and CEO of the Bitcoin payment app Strike, has dismissed concerns that Wall Street’s growing involvement in the Bitcoin market poses a threat to the cryptocurrency’s foundational principles. In a recent podcast interview, Mallers argued that if Bitcoin could be undermined by institutional participation, it was never truly designed to succeed
Tydro, a lending protocol operating within the Ink ecosystem, has confirmed it will resume market operations on May 10 following a scheduled Chainlink oracle upgrade. The upgrade’s timelock is set to expire at 11:52 p.m. UTC on May 9, with the market expected to be unpaused shortly after, around 12:00 a.m. UTC on May 10.
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. JPMorgan has reclassified JPMorgan AI investment as core infrastructure, treating its $2bn annual budget as non-negotiable as cybersecurity. The world’s largest bank has moved its AI spending out of the discretionary innovation
Coinbase Global Inc. disclosed on May 7 that it acquired an additional 1,103 Bitcoin during the first quarter of 2025, increasing its corporate treasury holdings to 16,492 $BTC. The update was included in the company’s quarterly earnings report released after the U.S. stock market closed. Steady Accumulation Continues The latest purchase brings Coinbase’s total Bitcoin