Key takeaways The Ethereum Foundation has reduced its workforce by 20% following the completion of a major reorganization. ETH is up by 1% and is now trading above $1,650. The Ethereum Foundation (EF) has completed a broad organizational restructuring that includes reducing its workforce by approximately 20%, affecting 54 employees across multiple teams. In a…
Tech stocks rebounded with South Korea’s Kospi index after the Nasdaq broke key support Tuesday. Micron earnings loom. FedEx and AI chip IPO Cerebras dived late. Source link
Key Takeaways SpaceX raised $25 billion in its debut bond sale, with orders nearing $90 billion. Heavy demand let SpaceX upsize the deal $5 billion above its $20 billion target across five tranches. Proceeds will repay a bridge loan and fund Starlink, Starship and an AI buildout, the company said. A Heavily Oversubscribed Debut SpaceX…
Michael Saylor’s Strategy (MSTR) is testing a technical setup that last appeared before the stock’s 99% collapse during the dot-com bubble burst in the early 2000s. Key takeaways: MSTR is testing a monthly head-and-shoulders setup similar to the one that preceded its dot-com-era collapse. Strategy’s shrinking cash reserve and rising dividend obligations are increasing dilution…
Ethereum price is not looking good, and its prediction is at rock bottom, but it’s also holding attention from two directions at once. The Ethereum Foundation just confirmed 54 layoffs and a 40% budget reduction, but Solana co-founder Anatoly Yakovenko called it bullish. Meanwhile, Robert Kiyosaki is still publicly accumulating ETH, with bombastic targets. Bullish,…
In brief Reform UK leader Nigel Farage defended an undeclared £5 million ($6.7 million) gift from Tether stakeholder Christopher Harborne, telling interviewers on Tuesday it was “a purely private matter.” The Parliamentary Standards Commissioner is investigating whether the Reform UK leader should have declared the 2024 gift after winning his seat. Farage insisted he “wasn’t…
Key takeaways Risk sentiment across financial markets remained fragile following conflicting statements from US and Iranian officials. XRP risks dropping below $1.0 if the bearish trend persists. Ripple’s XRP remained under pressure on Wednesday, trading below $1.10 and maintaining a broader bearish outlook. The remittance-focused cryptocurrency failed to extend an early-week recovery attempt as investors…
Tech stocks looked set to claw back some losses on Wednesday as investors bought the dip following a global selloff that dragged down shares in chip makers including Intel and Micron. Nasdaq 100 futures rose 0.5%. Dow Jones Industrial Average futures slid 95 points, or 0.2%. Source link
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The proposed settlement, filed Monday in the U.S. District Court for the Southern (NYSE: SO) District of New York, would resolve claims on behalf…
Bitcoin (BTC) is “compressed” at low levels but its classic cycles remain intact, say new research. Key points: Bitcoin is acting just like in prior cycles as it circles a key four-year trend line. Analysis says that BTC price action is currently “compressed” as it trades below a $76,400 target. A new estimate put the…
