Bitcoin (BTC) stayed uncertain at Tuesday’s Wall Street open as US stocks responded to an earlier Asia tech sell-off. Key points: Bitcoin bulls attempt to avoid a deeper drop below local lows amid risk-asset volatility. Multiple factors are blamed for the current weakness and stocks reset, with Micron earnings due on Wednesday. Rolling crypto liquidations…
What happened: Alphabet (GOOGL, GOOG) shares were up less than 1% in after-hours trading on Tuesday. What’s behind the move: The tech giant will join the Dow Jones Industrial Average (DJI) on June 29, replacing Verizon Communications (VZ) in a move aimed at better reflecting growing areas of the US economy. Alphabet’s inclusion will “broaden…
Key Takeaways Wintermute warned tighter Fed policy could slow key liquidity channels into crypto markets. Officials lifted the median 2026 rate outlook as inflation concerns broadened. Tighter monetary policy can raise funding costs and reduce risk appetite, limiting demand across all three channels. Warsh-Led Fed Reprices Rate Expectations as Inflation Risks Move Higher Crypto markets…
The Chicago Board Options Exchange (CBOE) is considering converting its continuous Bitcoin and Ether futures into perpetual futures, a move that would position the exchange to compete in one of crypto’s fastest-growing derivatives markets following recent regulatory changes in the United States. The Wall Street Journal on Tuesday reported that CBOE’s global head of derivatives,…
Goldfinch, a crypto lending platform that connected investor capital with real-world borrowers, is now showing what happens after the lending boom ends: the hard risk sits in collecting from borrowers once growth has slowed. The June 12 GIP-87 proposal would stop new protocol development, wind down Goldfinch Prime, keep legacy app access available, create a…
Futures rose as South Korea’s Kospi index jumped after the Nasdaq broke support. FedEx and AI chip IPO Cerebras dived late. Micron looms. Source link
Key Takeaways Withdrawals made up 53.8% of Binance XRP transaction activity, while Coinbase also showed a deeper negative net transaction reading. Deposit activity fell to 46.1%, suggesting fewer transactions moving XRP onto Binance by transaction count. Continued withdrawal dominance across exchanges may signal changing behavior, though volume data is still needed. Binance XRP Withdrawals Lead…
Amid waning poll numbers and pressure from inside the Labour Party, Prime Minister Keir Starmer has stepped down. During Starmer’s tenure, the government introduced a moratorium on cryptocurrency donations to political campaigns, citing concerns that crypto could become a vector for foreign influence in UK elections. Beyond the ban, the UK has charted a cautious…
In brief An AI agent playing Civilization launched two nuclear attacks after failing to stop a rival’s cultural expansion. The behavior was observed in CivBench, a benchmark designed to evaluate long-term strategic reasoning in frontier AI models. Despite the attacks, the AI lost because it ignored a diplomatic victory condition that was already within reach….
REVIEW PREVIEW NEWSLETTER Chip off the Old Block. All eyes were on tech today as the sector declined 3.7% and investors sold off chip stocks. Even some of the bigger artificial intelligence companies took a hit. Source link
