FTX token (FTT) spikes 50% as Sam Bankman-Fried seeks presidential pardon
Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, is serving a quarter-century in federal prison for orchestrating one of the largest financial frauds in US history. Yet, crypto speculators are wagering that a newly filed presidential pardon application
Wall Street still says Bitcoin can hit $100,000, the market is starting to doubt it
Standard Chartered maintained its call for Bitcoin to reach $100,000 by Dec. 31, even after the cryptocurrency briefly fell below $60,000 last week for the first time since October 2024. Geoffrey Kendrick, the bank's global head of digital assets research, called
Crypto’s CLARITY push heats up, but prediction markets aren’t buying the August deadline
A coalition of more than 200 companies and organizations sent a letter dated June 7 to Senate Majority Leader John Thune and Senate Minority Leader Charles Schumer, urging them to bring the CLARITY Act to the full Senate floor for
Bitcoin faces a Wall Street test as AI’s mega-IPO wave targets the same capital
OpenAI filed a confidential S-1 with the SEC, targeting a public debut as early as September at a valuation between $852 billion and $1 trillion. The filing arrived inside a broader wave that Goldman Sachs says could produce a record $160
Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto
Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market. The largest cryptocurrency by market value fell nearly 14% last
Here’s why Cardano price has crashed and erased $84 billion in value
Cardano (ADA) price has crashed deeper than other altcoins this year, and is now hovering near its all-time low. It was trading at $0.1660 on Tuesday, down sharply from the record high of $3. This retreat has erased over $84
Intuit stock is the worst performer in the Nasdaq 100 Index this year: buy the dip?
Intuit stock price has crashed this year and is now hovering at its lowest level since September 2020. INTU has plunged 62% from its July last year high, making it the top laggard in the Nasdaq 100 Index this year.
Rocket Lab stock has crashed into a local bear market: will RKLB rebound?
Rocket Lab (NASDAQ: RKLB) stock has slipped into a local bear market after falling by 25% from its highest point this year. It was trading at $113.65, with its market capitalization falling from over $86.8 billion to $65 billion. So,
Here’s why the S&P 500 Index, SPYM, SPY, and VOO ETFs may drop 5.4% soon
The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs
Soaring Astera Labs stock faces a major valuation risk: what next?
Astera Labs stock price has gone parabolic in the past few months, mirroring the performance of the semiconductor industry. ALAB jumped to $346 on Monday, up by 253% from its lowest point this year, with its valuation jumping from $16.6
Ethereum Price Just Entered a ‘High Conviction’ Buy Zone — Here’s Why Long-Term Buyers Are Watching
The post Ethereum Price Just Entered a ‘High Conviction’ Buy Zone — Here’s Why Long-Term Buyers Are Watching appeared first on Coinpedia Fintech News Ethereum’s price crash has left traders nervous, but beneath the panic, a different story may be unfolding.
ETHGas (GWEI) Hits a New ATH, But Why Is Trading Volume Falling as Price Rises?
The post ETHGas (GWEI) Hits a New ATH, But Why Is Trading Volume Falling as Price Rises? appeared first on Coinpedia Fintech News ETHGas (GWEI) price has emerged as one of the best-performing tokens in the crypto market, climbing to a
DefiHash Showcases the Potential of AI Computing in Digital Finance
The post DefiHash Showcases the Potential of AI Computing in Digital Finance appeared first on Coinpedia Fintech News In the era of digital finance, many people are seeking new investment opportunities. Some deposit $3,000 in a bank and see almost nothing
China Plans $295 Billion AI Infrastructure Push Centered on Domestic Chips
The post China Plans $295 Billion AI Infrastructure Push Centered on Domestic Chips appeared first on Coinpedia Fintech News China has announced plans to build a nationwide AI data center network over the next five years, with state-owned telecom operators leading
Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral
Morgan Stanley announced on June 5 that eligible wealth management clients can now lend Bitcoin, Ethereum, or Solana to Galaxy Digital and receive shares of spot crypto exchange-traded products in return. Galaxy will coordinate an in-kind creation with an authorized participant,
Trump’s family crypto feud spills into customer accounts after wallet freeze
Crypto exchange HTX will permanently remove President Donald Trump-backed World Liberty Financial’s fiat-backed USD1 stablecoin from its trading platform. Beginning June 7, the digital asset exchange said it will systematically convert all eligible retail customer balances of the USD1 token into
Bitcoin price rebound wobbles as Israel defies Trump and hits Iran, sending oil back toward $100
Bitcoin's brief weekend rally lost its footing as a sudden resumption of military hostilities between Israel and Iran triggered a broad rotation away from risk-on investments. The geopolitical escalation, which defied explicit diplomatic pressure from Washington, sent global energy benchmarks surging
Big banks may have found their answer to the CLARITY Act’s stablecoin challenge
The Clearing House, the bank-owned operator of core U.S. payment infrastructure, is preparing a system that lets banks settle deposits on-chain. Its June 5 announcement puts the largest U.S. banks behind a shared response to the stablecoin challenge: dollar payments can