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….
Cryptocurrency ATMs are fast disappearing from the American landscape as kiosk operators in two US states face bans and restrictions as new laws go into effect. Crypto ATM laws passed by Tennessee and Georgia went into effect on Wednesday, imposing a complete ban in the former and requiring transaction limits and reporting in the latter….
Ethereum price is holding a precarious line. ETH trades around $1,617, up roughly 3% over the past 24 hours, and the $1,500 support directly below is the number every desk is watching right now. Robert Kiyosaki’s March forecast projecting ETH at $95,000 by mid-2027 has resurfaced across crypto social media, reigniting debate about long-term valuation…
Taiwan has moved stablecoin issuance into a licensing test for supervised financial infrastructure. The Legislative Yuan passed the Virtual Asset Service Act on its third reading on June 30, establishing a dedicated framework for crypto trading platforms, stablecoin issuers, and other virtual asset service providers. The practical consequence is a stablecoin market where approval, reserves, domestic custody,…
In brief Bitcoin clawed its way back to $60,000 Wednesday after falling below $58,000, its lowest level since September 2024. The rebound followed softer-than-expected U.S. jobs and factory data and noncommittal comments from Fed Chair Kevin Warsh, easing fears of further rate hikes. It caps a brutal June in which U.S. spot Bitcoin ETFs shed…
It’s an auspicious start to July for ServiceNow (NOW +6.33%) stock. While the S&P 500 and Dow Jones Industrial Average are struggling to stay in positive territory, the cloud stock is performing well after an analyst took a more bullish stance. As of 11:43 a.m ET, shares of ServiceNow are up 6.2%. Image source: Getty…
Key Takeaways Bitcoin ETFs lost $222.64M as Blackrock’s IBIT led a 9th straight outflow day. Ether, XRP, Solana and HYPE ETFs also fell, signaling broader market caution. Blackrock’s ETHA lost $27.60M as investors await stronger crypto ETF demand. Crypto ETF Selloff Deepens as Bitcoin, Ether and Altcoin Funds All Finish in the Red June closed…
Theo, an onchain capital markets platform, has invested $20 million in Fidelity International’s USD Digital Liquidity Fund (FILQ). Theo said the investment makes it the first crypto-native platform to allocate capital to the asset manager’s tokenized fund. Executed through Sygnum, a Swiss digital asset bank that provides regulated banking, custody and tokenization services for institutional…
In brief Forward Industries added more than 500,000 SOL during its fiscal Q3. The firm now holds around 7.55 million SOL, worth around $573 million as Solana trades above $76 on Wednesday. Shares in the firm have jumped double digits percentage points shortly after market open on Wednesday. Shares in leading Solana treasury firm Forward…
The Nasdaq Composite was down in late-morning trading Wednesday, while the S&P 500 Index and Dow Jon PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in Source link
Key Takeaways World went live on Solana inside Phantom on July 1, 2026, settling trades in CASH. Phantom brings World to its 20 million users without requiring a separate app. World plans new markets in sports, politics and macro through July, Solana says. The platform lets users trade on outcomes ranging from bitcoin’s short-term price…
