Bitcoin’s ‘OG’ investors have slowed selling in a bullish sign for the market
Bitcoin “OGs” have slashed their selling activity to the lowest levels in nearly two years.
Crypto Markets
Cboe launches prediction market suite with binary option contracts on S&P 500
The contracts are currently available on Interactive Brokers and are expected to launch on Charles Schwab in the coming months.
US nears ban on CBDCs until 2030 as housing bill goes to Trump
The House passed a housing bill with a central bank digital currency ban until 2030, meaning it now just needs US President Donald Trump’s sign-off.
Nvidia pours cold water on AI fears
Every technology boom eventually gets a villain the public can picture. For the railroads, it was land grabs. For artificial intelligence (AI), it became a data center quietly drinking a town’s water while a chatbot wrote someone’s emails. That picture is not imaginary. Massive computing warehouses …
Tesla stock has a SpaceX problem, veteran analyst says
The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX …
Congress sends anti-CBDC housing bill to Trump’s desk for final approval
The bill, which seeks to boost housing affordability in America, also includes language banning CBDC until Dec. 31, 2030.
32-year-old high-end restaurant chain closes all locations
The restaurant sector has been plagued with rising costs that have spiked menu prices, leading consumers to second-guess whether to dine out. As dining establishments’ business and revenue have decreased from a decline in diner foot traffic, certain restaurants facing economic distress have been …
Fed’s Goolsbee bucks Warsh’s communications crackdown with inflation warning
Not only has the Iran War driven up energy costs for Americans, but higher prices — not all related to oil — for many goods and services are erasing our desperately needed wage gains. Federal Reserve Bank of Chicago President Austan Goolsbee has had enough. He said he remains concerned …
SoFi Makes Major AI Investing Move
SoFi is adding artificial intelligence-powered investing tools as fintech companies compete to keep retail investors engaged.
Jamie Dimon warns of 'little 'tsunami' lurking in bull market
The most dangerous moments in financial markets almost never feel dangerous while you are living through them. They feel calm. They feel like everything is finally working. The fear has drained out of the room, the charts point up, and the people who warned you look tired and wrong. That is roughly …