Last week, the Fed announced its March interest rate decision. As expected, the Fed kept interest rates unchanged, while Fed Chairman Jerome Powell signaled that they would be cautious about rate cuts as long as inflationary pressures persist. Powell, indicating the possibility of a two-pronged approach regarding interest rates, stated that the issue of raising
BlackRock Chairman and CEO Larry Fink used his annual letter to shareholders to argue that digital assets and tokenization could help update the financial system, even as he warned that the U.S. economic model is leaving too many people behind. In the letter, Fink said the current system has delivered most of its gains to
As the US-Iran war enters its fifth week, statements from both sides are affecting oil and Bitcoin ($BTC) prices. After Trump stated that he had spoken with Iran and that Iran had abandoned its plan to attack energy facilities, the price of Bitcoin ($BTC) rose above $71,000. Iran’s denial of talks with the US caused
As geopolitical tensions between Iran and the US and Israel continue to escalate, noteworthy statements have come from the Tehran administration. Iranian Parliament Speaker Mohammad Bagher Qalibaf stated that reports circulating in the international community about a deal with the US were “fake,” arguing that such content was spread specifically to manipulate the oil and
Core Scientific, a Nasdaq-listed company that operates data centers for Bitcoin mining and AI workloads, announced it has secured a total of $1 billion in strategic financing, including $500 million from JPMorgan. In a Monday statement, Core Scientific CEO Adam Sullivan said with the backing of Morgan Stanley and JPMorgan, the firm is well equipped
Strategy on Monday filed to increase its capital-raising capacity across three at-the-market programs, including up to $21 billion in common stock sales, up to $21 billion in Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), and up to $2.1 billion in 8% Series A Perpetual Strike Preferred Stock (STRK). The company said proceeds may
According to a recent report published by the cryptocurrency exchange Bitfinex, Bitcoin’s price could experience a rapid rise if it surpasses a critical level. The analysis suggests that if Bitcoin breaks above $72,000, it may not encounter significant resistance until it reaches $82,000. The report explains this situation with a market structure described as an
Strategy (MSTR) has unveiled a $42 billion at the market (ATM), equity program, split between $21 billion of Class A common stock (MSTR) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch (STRC), according to an 8-K filing. The company also introduced a new $2.1 billion ATM for its $STRK
Mt. Gox, the defunct crypto exchange that collapsed in 2014, moved around $500 worth of Bitcoin from wallets it still controls today, its first Bitcoin transfer in four months, according to data from Arkham Intelligence. MT GOX JUST MOVED… $500 Mt. Gox has moved a total of $500 of $BTC today, their first move in
The man who runs earth’s largest asset manager, Mr. Larry Fink, happens to think the AI boom could leave ordinary Americans behind unless they own part of the companies getting rich from it. That was the warning from the BlackRock chief, who argued that the best protection against disruption is ownership. Larry described AI as