Over the past week, the meme coin known as maga (TRUMP) has increased by more than 45% against the U.S. dollar, and over the past day, the TRUMP token has climbed more than 7%. Statistics reveal that this rise in value has boosted former U.S. President Donald Trump’s cryptocurrency holdings, with his stash of TRUMP […]
On Monday, Cathie Wood’s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:SHOP) shares and the sale of Block Inc (NYSE:SQ) shares. read more
On Tuesday, the Cathie Wood-led Ark Invest made some significant trades. read more
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s interpretation would treat software developers as criminals for merely writing and publishing code used by others,” one of the […]
Major cryptocurrencies inched lower on Tuesday on higher-than-expected wholesale inflation data for last month. read more
Salim Ramji, the new CEO of Vanguard and former head of Blackrock’s global ETF business, has affirmed the company’s position against launching a spot bitcoin exchange-traded fund (ETF), emphasizing the need for consistency with Vanguard’s investment philosophy that views crypto as a speculative and immature asset class. Despite Ramji’s prior involvement in launching Blackrock’s successful […]
Emart24, South Korea’s fastest-growing convenience store chain, has partnered with cryptocurrency exchange Bithumb to introduce a “bitcoin meal box” in a promotional campaign. Priced at 5,900 Korean won ($4.30) each, the company aims to sell 30,000 bitcoin meal boxes by May 31. Customers purchasing these boxes can receive 10,000 won worth of bitcoin by using […]
GameStop and several other highly shorted stocks surged again Tuesday, while Home Depot slipped after earnings.
Bitcoin isn't running alongside meme stocks as it did three years ago.
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials. Moonpay Contributes $1 […]
Key takeaways Bitcoin continues to struggle below $62k and could plunge lower in the short term. Bitbot has raised $3.3m so far, with only two stages of the presale left. Bitcoin stays below $62k Bitcoin has been struggling in recent weeks and could record further losses if the market condition persists. At press time, the […]
Shopify (SHOP) shares are plunging after the company announced it expects decreasing gross margins during the current quarter as it navigates the fallout from the sale of its logistics business to Flexport. Shares fell nearly 20% in extended hours trading, as Shopify also expects its revenue to take a hit. Wall Street is bearish on the stock as the company currently faces higher operating costs and weakened consumer spending. For more expert insight and the latest market action, click here to...