In brief The U.S. Senate passed the 21st Century ROAD to Housing Act 85-5 on Monday night, sending the bipartisan bill toward a quick House vote. Tucked inside is a provision barring the Federal Reserve from issuing a central bank digital currency through the end of 2030, with a carve-out for private stablecoins. There is…
Nasdaq futures plunged on Tuesday as a rout in memory chipmakers spurred doubts about the AI trade, piling pressure on stocks more broadly even as US-Iran talks showed progress. Contracts on the tech-heavy Nasdaq 100 (NQ=F) dived 2.5%, while those on the S&P 500 (ES=F) sank 1.3%. Dow Jones Industrial Average futures (YM=F), which include…
Key Takeaways Bitcoin ETFs lost $68.18M on June 22, with IBIT and GBTC driving the outflows. XRP ETFs gained $5.31M, showing selective demand as ether funds lost $66.38M. ARKB, FBTC, and MSBT drew inflows, hinting institutional interest remains active. XRP ETFs Extend Winning Run With $5.3M Inflow as Bitcoin Funds Stay Weak The week opened…
MoneyGram has become a validator on the Solana blockchain, allowing the remittance company to participate directly in securing the network and processing transactions. As part of its validator operations, the company is staking Solana’s native SOL (SOL) token and processing transaction blocks. MoneyGram also joined the Solana Developer Platform, a program that supports companies building…
Ripple has secured preliminary Crypto Asset Service Provider approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). XRP itself is trading at the $1.10 price level, down by 3% today as the whole crypto market collapses. This Luxembourg approval positions Ripple to operate across the entire European Economic Area under MiCA’s harmonized framework. It’s…
South Korea’s benchmark KOSPI stock index plunged nearly 10% today, triggering a market-wide trading halt one day after the country’s top financial regulator acknowledged that authorities had rushed the approval of leveraged funds tied to its two largest chipmakers. According to reports, the KOSPI closed down 9.99% at 8,203.84, its steepest decline since March 4….
Over the last three weeks, Wall Street has witnessed the Dow Jones Industrial Average (^DJI +0.29%), S&P 500 (^GSPC 0.37%), and Nasdaq Composite (^IXIC 1.32%) catapult to new highs, the debut of the largest-ever initial public offering (IPO), and a new Fed chair take the podium for the Federal Open Market Committee (FOMC). The FOMC…
Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena. The article 5 Things to Know About the Pinnacle Credit Card originally appeared on NerdWallet. Source link
Key Takeaways SpaceX (Nasdaq: SPCX) fell 16% yesterday to $154.60, a three-day loss of 23%. Musk’s net worth dropped about $150 billion in a day, leaving him worth roughly $1 trillion. Ark Invest bought 210,121 SPCX shares worth $32.5 million, betting on the dip. A Brutal Three Days SpaceX stock fell 16% on Monday to…
Luxembourg’s financial regulator granted Ripple preliminary approval for a crypto asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said Tuesday. Ripple said in a statement that the approval, once finalized, would allow it to offer regulated crypto services to banks, fintechs and other businesses across all 30…
