Earlier this month, the iconic Dow Jones Industrial Average (^DJI +0.14%), broad-based S&P 500 (^GSPC +1.08%), and growth-stock-propelled Nasdaq Composite (^IXIC +1.91%) rocketed to record highs. But the stock market isn’t the only thing raising eyebrows and turning heads at the moment. The U.S. inflation rate is also soaring. The latest report from the U.S….
Key Takeaways Prediction market trading volume reached $10.8 billion, setting a new weekly industry record. Major events across finance, sports, and geopolitics helped drive unprecedented trading activity. Baseline weekly volume has risen from under $1 billion a year ago to the $6 billion–$7 billion range this spring. Prediction Markets Hit a Record $10.8 Billion in…
Bitcoin (BTC) rose above $63,000 on Friday as markets adjusted to geopolitical and macro changes. Key points: Bitcoin takes a time-out near week-to-date lows after a broadly hawkish Fed interest-rate meeting. US-Iran tensions slowly resurface with the Strait of Hormuz oil route in the firing line. A trader suggests that a “black swan” event could…
There is one word in this prediction that carries more weight than any of the Bitcoin price predictions for November. ChatGPT AI is not hedging on timing the way a lot of these predict do. It names a specific month as the most likely window for a sustained bull market resurgence, and everything else in…
In brief Perplexity launched Brain, a memory system for Computer that builds a context graph of past sessions, sources, and corrections—then synthesizes it overnight into a personal LLM wiki loaded before each new task. Perplexity’s own early metrics show Brain boosts answer correctness by 25% on repeated tasks, recall by 16%, and cuts the cost…
STORY: Wall Street’s main indexes closed higher on Thursday, with the Dow ticking up more than a tenth of a percent, the S&P 500 adding more than 1% and the Nasdaq gaining nearly 2%. The session began with oil prices sliding to their lowest levels since early March after the U.S. and Iran signed an…
Good news for the American worker came at the worst possible moment for Bitcoin. Initial jobless claims fell by 4,000 to 226,000 for the week ending June 13. Layoffs are in the historically low range they’ve held for most of the post-pandemic era, and the unemployment rate has remained at 4.3% for a third straight…
In brief Celsius founder Alex Mashinsky was banned from trading markets regulated by the CFTC. Mashinsky was imprisoned for 12 years after pleading guilty to counts of securities and commodities fraud. Earlier this year, the FTC permanently banned him from working in the cryptocurrency ecosystem again. The Commodity Futures Trading Commission (CFTC) has resolved its…
Futures Ease While Investors Question Strength of U. S. Source link
For years, Bitcoin miners were little more than leveraged bets on BTC prices. That’s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry’s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate. That shift gained further validation this week as…
