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Mayweather Sues Former Adviser for $175M Fraud
Floyd Mayweather has sued his former investment manager Jona Rechnitz and real‑estate adviser Ayal Frist for $175 million, accusing them of siphoning millions through fraudulent transfers to Frist Ape
The bond markets are screaming – will stock markets listen?
Bond investors have finally broken their calm, driving yields higher as governments in the U.S., Britain, Japan, and others grapple with rising debt and inflation sparked by the Iran war and fiscal po
Qualcomm Shares Rise 12% on AI Chip and Auto Deals
Qualcomm’s stock jumped 12% as investors recognized its expanding role in AI‑powered devices. The chipmaker is reportedly partnering with OpenAI on an AI‑driven phone, supplying Snapdragon chips to St
Kalshi Launches Lobby Group Amid Insider‑Trading Probe
After weeks of covering Trump’s Middle‑East moves, Iran’s Strait closures, and the soaring S&P 500, SKIMNEWS now turns to the regulatory battle over prediction markets. Kalshi unveiled a new lobbying
Robinhood Crypto COO Exits as Crypto Revenue Falls 47%
Robinhood Crypto COO Tanya Denisova is departing after more than five years, coinciding with a 47% year-over-year drop in cryptocurrency revenue that pushed the platform below Wall Street's Q1 estimat
Price predictions 5/22: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH
Bitcoin slipped below $77,000 to about $76,000, breaching its 20‑day EMA and testing a key $76,000 support level. A sharp decline in the Coinbase premium, noted by LVRG’s Nick Ruck, signals large‑hold
Trump urges new Fed chair Warsh to act independently
At a historic White House swearing‑in, President Trump told new Fed chair Kevin Warsh to act "totally independent" and ignore outside pressure, promising a boom‑time economy. Critics, including Senato
S&P 500 Rallies 17% as Put Option Costs Drop
The S&P 500 has surged more than 17% since its March lows, pushing the index to fresh record highs while volatility has collapsed. With implied volatility low, cheap puts let investors lock in gains e
Why Minnesota is empowering local banks to fight Wall Street for crypto revenue
Minnesota is moving to keep its community banks in the crypto game by passing a pioneering law that lets state‑chartered banks and credit unions offer crypto custody starting Aug. 1 2026, while simult
Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets
Institutional players are deepening their foothold in crypto: Tether bought SoftBank’s 26 % stake in Twenty One Capital, gaining control over a $3.34 billion Bitcoin holding; Bernstein reports miners
Bitcoin price falls under $77K as Dow Jones hits new all-time highs
Bitcoin slipped below $77,000 as Wall Street opened, while the Dow Jones surged to a fresh all‑time high—a move that President Trump highlighted on Truth Social. Weak US demand kept the Coinbase Premi
U.S. Treasury Yields Hit 30‑Year High, Investors Shift
The 10‑year Treasury yield jumped to 4.57% and the 30‑year to 5.08%, levels not seen in over a year and since 2007, shaking the notion of a truly risk‑free rate. Analysts at HSBC and BondBloxx warn th
Despite murky legal landscape, companies are undeterred in their prediction market investments
Legal battles between the CFTC and state regulators haven’t slowed the boom in prediction‑market platforms. Companies such as Kalshi and Polymarket have seen valuations double, while operators like Fl
Dow Jumps 300 Points to Record as Treasury Yields Ease
Wall Street surged as the Dow Jones Industrial Average jumped 300 points to a fresh record, buoyed by falling Treasury yields and a rally in tech stocks that lifted the Nasdaq and S&P 500. Investors k
Live markets: Bitcoin heads lower late Friday as Warsh takes over at Fed
Bitcoin slipped 2.4% to $75,800, its lowest level in May, while major altcoins fell slightly more. The drop undercuts analyst Tom Lee’s bullish outlook for a three‑month run, even as the Nasdaq nudged
U.S. Consumer Sentiment Falls to Record Low in May
U.S. consumer confidence has plunged to a historic low as soaring gas prices and rising living costs squeeze households. CNN, Axios and CNBC all report record dissatisfaction, linking the dip to infla
Space X IPO: 'Bad news' for tech stocks but what about Bitcoin?
SpaceX’s planned $75 billion IPO in June will add its 18,712 BTC treasury to the Nasdaq 100, making Bitcoin exposure a feature of two Musk‑linked mega‑caps and expanding the “Mag 8” to 25 % Bitcoin‑ba
Trump's 3,700 Trades Left Jim Cramer Silent on Air
Jim Cramer went silent for 10 seconds on CNBC's Squawk on the Street after learning that ethics filings show President Trump made more than 3,700 personal stock trades in a single quarter, many in com
BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s - Bloomberg.com
Bank of America’s senior executive Hartnett warned that the surge of mega‑IPOs could be inflating a bubble reminiscent of the 1920s Roaring Twenties. Bloomberg highlighted the warning, underscoring th
Stocks Rise, Dollar Holds Highs as US-Iran Peace Hopes Battle Mixed Signals
Global markets edged higher as investors latched onto tentative signs of progress in US-Iran peace talks, though conflicting messages from Washington and Tehran on nuclear enrichment and the Strait of
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