In brief Director Carl Rinsch was sentenced Monday to 30 months in prison for defrauding Netflix of $11 million meant to finish a sci-fi series he never delivered. Rinsch lost millions on stock options, then turned the remaining $4 million into nearly $27 million on a Dogecoin bet, prosecutors said. He spent the windfall on…
Key Takeaways CZ, who owns much of Binance, ruled out returning as CEO in a recent interview, saying “anything could happen” later. Zhao stepped down in November 2023 after a US plea deal and served four months in prison. CZ is now advising about a dozen governments on crypto policy while mentoring BNB Chain founders….
Key Takeaways Jamie Dimon called the bull market a “little tsunami” at a June 21 Council on Foreign Relations event. He cited $700 billion in AI spending, 4.3% unemployment, and 2% GDP growth as near-term supports. Dimon flagged Ukraine, Iran, Russia, and China tensions as underpriced longer-term risks. A Warning Wrapped in a Metaphor Speaking…
In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection….
(Updates with market moves at the end of the day.) The Dow Jones Industrial Average snapped its r Source link
Key Takeaways Farside says STRC’s $100 price mechanism may weaken if Strategy raises coupons. Strategy plans buybacks, a dollar reserve and possible BTC sales to manage risk. STRC traded near $75 before rebounding, with Farside urging buybacks or a shift toward SOFR. Strategy Shifts Bitcoin Strategy as Farside Challenges STRC Price Support Model Strategy’s move…
Manny Rutinel, a Democratic candidate running to represent Colorado’s 8th congressional district, has won his party’s primary and will head to the November election after being supported by a crypto-aligned political action committee (PAC). Early on Wednesday, Rutinel reported that Rutinel would be the Democratic nominee for Colorado’s 8th district, having won with 61.7% of…
Elon Musk Grok AI just put together what might be the most detail rich XRP price prediction bull case in this entire series. The model predicts $4 to $6 by December 2026, roughly four to six times where the coin sits right now. The bull case treats XRP as an asset whose actual utility has…
Bitcoin is entering the second half of the year with its support system, which powered its last rally, under pressure. Data from CryptoSlate shows that the largest digital asset has fallen about 33% this year and more than 50% from its October record high above $126,000, trading near its weakest level since September 2024 at…
In brief American Bitcoin Corp. will execute a 1-for-15 reverse stock split on July 2. The move is intended mainly to boost the per-share price so the company keeps meeting Nasdaq’s minimum bid price rule. ABTC shares fell to a fresh low Wednesday, and were recently down 41% in the last month. American Bitcoin Corp.,…
The Dow would be up nearly 500 points if it weren’t for Caterpillar. Instead, the blue-chip index was up just 44 points, or 0.1%. The S&P 500 was flat. The Nasdaq was down 0.3%. Despite what the big three indexes are saying, most stocks were actually doing quite well on Wednesday. Source link
Key Takeaways Kevin Warsh said prices are too high at Sintra on July 1, 2026. Kalshi traders put 77% odds on a Fed rate hike before 2028. Bitcoin climbed near $60,000 after Warsh flagged easing inflation risk. Warsh spoke on a panel alongside European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey…
Bitcoin (BTC) has delivered a key trend change setup in the latest sign that the macro downtrend could soon reverse. Key points: Bitcoin is seeing its first “perfected” TD9 indicator downtrend setup on monthly time frames since mid-2022. While not a “buy signal” on its own, the move marks a key inflection phase in the…
Donald Trump’s annual financial disclosure, filed with the U.S. Office of Government Ethics, shows at least $1.4 billion in crypto-related earnings for 2025, drawn from three distinct revenue lines: governance token sales through World Liberty Financial (~$800M), royalties from the TRUMP meme coin (~$635M), and an equity sale tied to Stablecoin Holdco (~$197M). Reuters estimated…
