New research from Galaxy Digital suggests that Bitcoin’s cycle low could form at higher price levels than previous bear markets due to the absence of speculation. The analysis places the potential bottom between $62,000 and the network’s realized price at $53,600. Galaxy head of research Alex Thorn analyzed every Bitcoin cycle top and bottom and […]
Strategy Adds 1,587 BTC In Latest $100M Bitcoin Purchase
Strategy has added another 1,587 BTC to its balance sheet, continuing one of the most closely watched corporate Bitcoin accumulation strategies in the market. TL;DR Strategy disclosed a 1,587 BTC purchase for roughly $100 million. The reported average purchase price was $63,024 per Bitcoin. The purchase took place between June 8 and June 14, according […]
Do You Know How Working in Retirement Affects Your Benefits?
The financial professionals who contribute to Kiplinger’s Adviser Intel are always here to make sure you have the information you need to make critical decisions about your retirement planning, estate planning and tax planning. They’ve recently written about the growing number of Americans working past retirement age — and why the consequences can be more […]
Stock Market Today: Dow Hits A High, Nasdaq Lags; SpaceX Surges, Aerospace Play Breaks Out (Live Coverage)
Stock Market Today: The Dow Jones index rises as the Nasdaq retreats. SpaceX stock rallies while an aerospace name broke out. Source link
This Storage Stock Is Now Up More Than 700% in a Year, and the AI Boom Could Push It Even Higher.
Shares of Seagate Technology (STX +3.67%) have become one of the more surprising artificial intelligence (AI) winners in the market. Hard drives are not as glamorous as graphics processing units (GPUs) or cloud software. But data centers still need a place to store the flood of data created by AI applications, and investors have started […]
XRP News: Ripple invests in Flutterwave, bringing RLUSD and XRP Ledger to payments in Africa
Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, invested in African payments company Flutterwave as part of its Series E funding round, a deal centered on expanding the use of stablecoins for cross-border payments. Flutterwave said Tuesday that the funding round values the company at $3.2 billion. Financial terms of Ripple’s […]
Which Long-Term Bond ETF Is the Better Buy: iShares’ IGLB or Its Treasury Rival TLT?
The iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB +0.32%) offers lower costs and higher yields, while the iShares 20+ Year Treasury Bond ETF (TLT +0.65%) provides pure-play exposure to long-dated government debt. Both funds target the long end of the maturity curve, meaning they are highly sensitive to interest rate changes. While the […]
ETH Futures Bearish, But Staking, Corporate Demand Show Strength
Key takeaways: While bearish ETH futures trends and spot ETF outflows signal weak institutional appetite, staking demand prevents further decline. Falling exchange deposits and accumulation by BitMine indicate holder confidence in ETH’s long-term value. Ether (ETH) price failed to reclaim the $1,700 level over the past week, tracking a broader weakness across cryptocurrency markets. This […]
Reports Say Standard Chartered Sees UNI At $100 As RWA Thesis Builds
Reports citing Standard Chartered research say Uniswap’s UNI token could reach $100 by 2030, with the forecast built around a much larger market for tokenized real-world assets and on-chain trading infrastructure. TL;DR Published reports citing Standard Chartered research point to a long-term $100 UNI target by 2030. The original research note is not publicly available, […]
Florida Voters to Decide on $250,000 Property Tax Amendment as New Lawsuit Challenges Ballot Language
After lawmakers approved HJR 1-F during a special session on June 2, a proposed constitutional amendment aimed at expanding property tax relief for homeowners is headed to the November ballot, setting up one of the most closely watched tax debates in recent Florida history. For homeowners, the proposal could mean significant savings. Under the measure, […]
Parents, Check In With Your Debt Before Summer Spending Ramps Up
For parents, the start of summer can be an especially expensive time of year between family travel, camps and keeping the kids entertained. And while some may feel pressure to overspend to make the summer fun happen, this could instead be the season where you make a plan to become debt free. According to NerdWallet’s […]
World’s Richest Add Record $336 Billion in One Day
This article first appeared on GuruFocus. The world’s 500 richest people saw their fortunes rise by $336 billion on Monday, June 15, marking the biggest one-day gain ever recorded by the Bloomberg Billionaires Index. Their combined net worth reached a record $13.3 trillion, as global markets moved higher following an interim US-Iran deal to reopen […]
The Social Security Timing Mistake That Can Be Hard to Undo
The timing of your Social Security benefits claim matters more than you might think. It can change both monthly and lifetime benefits in substantial ways that affect your finances for your entire retirement. Unfortunately, if you make a timing mistake, it can be difficult to undo. Here’s one example of a timing mistake many people […]
Coinbase joins tokenized stock race with onchain shares and dividend payments
Coinbase (COIN) said it plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, joining the growing competition among crypto firms and traditional financial companies to bring stocks onto blockchain networks. In a post on X on Tuesday, the exchange said “the first real, 1:1 backed tokenized stocks are coming,” allowing users to own, […]
Global Investors Are Looking Past Rate-Hike Bets and Still Betting on the AI Boom
The world’s biggest investors are still buying stocks, even as the U.S.-Iran war keeps inflation risks high. Source link
Bitcoin Rebound Runs Dry as $66K Dip Diverges From Stocks
Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains. Key points: Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans. Oil prices hit their lowest levels in three months, but crypto struggles to leverage the tailwinds. BTC price takes still see $70,000 as […]
Florida Voters to Decide on $250,000 Property Tax Amendment as New Lawsuit Challenges Ballot Language
After lawmakers approved HJR 1-F during a special session on June 2, a proposed constitutional amendment aimed at expanding property tax relief for homeowners is headed to the November ballot, setting up one of the most closely watched tax debates in recent Florida history. For homeowners, the proposal could mean significant savings. Under the measure, […]
Mortgage Rates Today, Tuesday, June 16: Lower Still
Mortgage rates are lower this morning off of news that the U.S. and Iran virtually signed off on a deal to reopen the Strait of Hormuz. With Iran indicating that talks to resolve the conflict would begin after an in-person signing on Friday, it appears an end to the war could finally be in sight. […]
Dow Soars Over 400 Points To Hit All-Time High, Rising For 4th Consecutive Session — Investors Eye Kevin Warsh’s First Meeting As Fed Chair
The S&P 500 index gained about 0.1%, while the Nasdaq Composite rose 0.3%. The Federal Open Market Committee’s two-day policy meeting begins today, with the policy decision set to be announced on Wednesday. Analysts at Schwab Center for Financial Research highlighted that Warsh’s words would be examined closely for clues on how he oversees the […]
SoundHound AI Reveals Its Strategy for Finding a Potential Acquisition Target, and It’s Risky
SoundHound AI (SOUN 5.73%) is a voice artificial intelligence (AI) company that has relied on acquisitions in recent years to grow its business. In an effort to become bigger, diversify its customer base, and gain market share, acquisitions have been key to its growth strategy. They can help a company quickly advance its position in […]