Cathie Wood says the biggest IPO opportunity now arrives before a company ever lists, with most investors missing the steepest growth while firms stay private. The ARK founder framed SpaceX’s record filing as the start of a wider late-stage pipeline. Her firm holds six private companies it expects to list, each already at public-market scale.
Bitcoin briefly dropped below the critical $60,000 mark on Binance on June 5, marking the pioneer crypto’s first break beneath that level since October 2024. The move comes amid a broader risk-off selloff across financial markets, as investors react to strong U.S. employment data, persistent fund outflows, and growing concerns over liquidity conditions. Bitcoin Price
To figure out whether the market has bottomed, it really comes down to who’s in control right now: conviction or capitulation. Currently, both technicals and on-chain data are starting to line up. From a technical standpoint, Bitcoin is down roughly 16% this week, which has clearly triggered a wave of FUD, with price now testing
Securitize has moved closer to entering public markets after securing regulatory clearance for its planned SPAC merger. According to the U.S. Securities and Exchange Commission, the agency has declared effective the S-4 registration tied to Securitize’s proposed combination with Cantor Equity Partners II, clearing the deal for a shareholder vote scheduled for June 29. If
Artificial Intelligence (AI) drove 38,579 US job cuts in May, the highest monthly total since tracking began in 2023, and the third straight month AI topped every other cause of layoffs. AI accounted for 40% of all cuts announced in May, as employers move faster to automate roles and restructure around the technology. AI Now
Bloomberg Intelligence senior commodities strategist Mike McGlone noted Bitcoin’s recent weak performance compared to equity markets and warned investors about potential risks. According to McGlone, the key question for Bitcoin is what will halt its downward trend. McGlone noted that Bitcoin and the S&P 500 index’s 200-day moving averages have long exhibited a similar pattern.
Prominent economist Robin Brooks has stated that gold has lost its status as a safe-haven asset. The lustrous metal is now trading as a pro-cyclical, high-beta asset that mirrors the behavior of risk markets like Bitcoin and the S&P 500. According to Brooks, the traditional days of gold remaining uncorrelated with swings in risk appetite
Bitcoin entered its seventh day of decline as major cryptocurrencies extended steep weekly losses as the artificial-intelligence trade that drove global risk assets since 2024 waned. At the time of writing, Bitcoin was down 0.47% in the last 24 hours to $62,462 and down 15% weekly. Bitcoin fell to a fresh low of $61,073, leading
Longtime Bitcoin critic and pro-gold advocate Peter Schiff has continued his regular criticism against the chairman of the world’s largest Bitcoin treasury company, Michael Saylor. This time, Peter Schiff has blamed Michael Saylor for Bitcoin’s price dip, noting that the Bitcoin advocate is solely responsible for Bitcoin’s rise and fall. Schiff has made his post
Bitcoin fell after the May US labor report gave markets a reason to delay the next Federal Reserve easing trade, turning a stronger jobs number into a tighter-liquidity problem for crypto. The May Employment Situation report said nonfarm payroll employment rose by 172,000 in May, while the unemployment rate held at 4.3%. TradingEconomics release-screen data