SpaceX (SPCX) isn’t the only Big Tech stock getting slammed at the moment. The cover-your-eyes year for Salesforce (CRM) investors just keeps getting worse. The news: Shares of Salesforce are now hovering at three-and-a-half-year lows. The stock is down about 10% over the past five trading sessions. Year to date, Salesforce is by far the…
Key Takeaways The House Financial Services Committee has set July 14 and July 17 hearings touching Fed policy and the CLARITY Act. Fed Chair Kevin Warsh will testify July 14, sharing the spotlight with the crypto market-structure push. Lummis is targeting a Senate floor vote before the August recess, with the bill needing 60 votes….
Bitcoin (BTC) neared two-week lows on Tuesday as Asia stock markets pulled back on a tech sell-off. Key points: Bitcoin heads lower with Asia equities as “unprecedented inflows” become a tech-driven rout. Analysis warns of “new lows” for BTC price, with one target at $54,000. Options markets continue to seek a suitable catalyst for volatility….
Ethereum price is bleeding. ETH sits at $1,650, down 6% in in a brutal fashion, and the technical setup offers little comfort for bulls hoping for a quick reversal. Just before the drop, ETHLABS, a newly formed independent organization, is joining the battlefield frontline to save ETH. The non-profit organization is co-founded by five former…
Bitcoin is trading near $64,000, roughly mid-channel in the $57,000-$77,000 range that has defined the market since the Strait of Hormuz shock. Can-Luca Köymen, investment strategist at Sygnum, called the current setup a catalyst-light regime in a note: “Absent a decisive catalyst the path of least resistance is range-trading driven by positioning and flows rather…
US equity futures were tracking in the red on Tuesday amid a broader tech sell-off despite signs of Source link
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…
Binance co-founder Yi He has warned against an alleged scammer and impersonator, prompting the crypto derivatives trading platform CoinUp to issue a statement distancing itself from the individual. Binance’s He took to X on Monday to warn against the individual referred to as “Zhu Pan,” whom she said had impersonated her in failed scam attempts,…
Bitcoin price fell from $66,000 to $62,000 in an ugly morning. BTC posted a 3% drop to a two-month low, a move sharp enough to pull long positions back into the market, yet fragile enough to keep experienced traders hedged. Are longers cathing a falling knife? The bloodbath coincided with pressure from two major reasons:…
On June 22, five former senior Ethereum Foundation researchers announced Ethlabs, an independent nonprofit R&D lab with a mission to make Ethereum the settlement layer of the global economy. The co-founders, Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma, framed the launch around Ethereum, the protocol, and ETH, the asset. Their announcement…
