This article first appeared on GuruFocus. U.S. stocks fell on Tuesday as investors kept selling technology shares, with the S&P 500 and Nasdaq Composite both under pressure while the Dow Jones Industrial Average held a slight gain. The slide in Alphabet-heavy AI names followed a sharp drop in South Korea’s Kospi, which shook confidence in…
Key Takeaways Nasdaq lost nearly 400 points by 10:48 a.m. as Micron led a June 23 chip selloff. Fed signals kept pressure on artificial intelligence (AI) valuations, with Warsh’s 2026 dot plot at 3.8%. Micron’s June 24 report may test AI memory demand as Iran talks enter 60 days. At 10:48 a.m. Eastern time on…
Chainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement, underscoring how blockchain technology is increasingly being tested to modernize legacy financial infrastructure. On Tuesday, Chainlink announced Project Pangea alongside South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance…
The House Financial Services Committee has scheduled back-to-back hearings on July 14 and July 17, one covering Federal Reserve monetary policy, the other focused directly on the CLARITY Act. This is giving supporters of comprehensive crypto regulation their highest-profile platform yet as the pre-recess window narrows. As of today, the bill has cleared the Senate…
On June 22, President Donald Trump signed two executive orders that put the federal government’s most sensitive civilian computer systems on a 2031 post-quantum security timetable while launching a national effort to accelerate the development of advanced quantum computers. One order requires federal high-value assets and high-impact systems to adopt post-quantum cryptography for establishing encryption…
In brief Bitcoin fell in sympathy with tech stocks on Tuesday, hitting a two-week low as investors appeared to fixate on expectations of rate hikes. The weakness follows a frenetic rally in tech stocks; however, names attached to the AI boom were set to drag the Nasdaq lower. Hashdex’s Gerry O’Shea pointed to the Clarity…
Key takeaways Bitcoin remained under pressure after Iran announced that it would not permit inspectors from the International Atomic Energy Agency (IAEA) to access its damaged nuclear facilities, The leading cryptocurrency has dropped to the $62,300 level, down 3.5% in the last 24 hours. Bitcoin (BTC) continued to trade below the $63,000 level on Tuesday…
The Nasdaq Composite and S&P 500 Index were down in late-morning trading Tuesday, while the Dow Jone 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 The Ethereum Foundation cut 54 staff members, about 20% of its workforce, as part of a formal reorganization completed June 23, 2026. The EF’s new five-cluster structure prioritizes Protocol Layer work, including post-quantum security and L1 privacy research over short-term market goals. Departing employees receive severance of at least one month per year…
Bitcoin (BTC) has dropped over 8% from its June high near $67,255, putting the $60,000 support level back in focus. BTC/USD daily chart. Source: TradingView Key takeaways: The SpaceX-led tech market rout is pushing Bitcoin price toward the $60,000 support. A decisive breakdown below $60,000 may lead the price toward $56,000 or under. SpaceX Rout…
