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Aave, Solana tokens lead crypto rebound as BTC holds
Aave and Solana ecosystem tokens surged to lead a crypto market rebound as bitcoin stabilized near $60,000, fueled by tokenized stock trading on Solana and renewed confidence in Aave's revenue model.
Nasdaq Futures Slide as Tech Selloff Deepens
U.S. stock futures slid Friday as a tech-led selloff deepened, with chip makers declining and Japan's index dropping over 4% after a report suggested OpenAI might delay its IPO until next year.
Trump Eases Pressure on Warsh as Inflation Tops 4%
The Trump White House is backing off its demands for imminent Fed rate cuts, extending new Chairman Kevin Warsh political breathing room even as inflation hit 4.1% — though nearly half of Fed policyma
OpenAI Hasn't Held Pre-IPO Meetings or Set Timeline
OpenAI hasn't yet held pre-IPO investor meetings or set a listing timeline despite confidentially filing its prospectus with the SEC earlier this month, with the company publicly warning an IPO 'may b
Warsh's Fed Leaves Rate Path a Mystery
Kevin Warsh's deliberate silence at his first news conference as Fed chair has left economists and traders unable to predict whether the central bank will cut, hold, or hike rates next.
Kashkari Flips Rate Outlook to Hike on Inflation Surge
Minneapolis Fed President Neel Kashkari reversed his 2025 monetary policy outlook on Friday, now expecting one interest rate hike rather than a cut, as persistent inflation driven by tariffs, Middle E
Bond Traders Stunned as Losses on SpaceX’s New Debt Keep Growing - Bloomberg
SpaceX's $25 billion bond offering sent its stock sliding and left traders sitting on growing losses, drawing a public 'bubble territory' warning from Allianz's CIO.
Bitcoin Closes Below $60K for First Time Since Sept
Bitcoin logged its first daily close below $60,000 since September 2024 as Asian tech-driven selloffs and stubborn US inflation data pressured risk assets, while analysts pointed to the 200-week movin
Grantham: US Stock Market Most Expensive in History
Veteran investor Jeremy Grantham declared the U.S. stock market the most expensive in American history at 235% of GDP, drawing parallels to the 2000 tech bubble and flagging SpaceX's $2 trillion IPO a
Warsh Picks Two Fed Veterans as Key Advisors
Federal Reserve Chairman Kevin Warsh has named two internal economists—Daniel Covitz and Eric Engstrom—as key advisors, opting for Fed veterans despite his public talk of remaking the central bank.
U.S. Stock Funds Lose $8.5B in First Outflow Since March
U.S. stock funds saw their first outflow since March, signaling a potential shift in investor sentiment as tech stocks lose momentum and analysts warn of a risk-off summer.
One factor that may be partly behind the S&P 500's curious action this week
The S&P 500 closed nearly flat Thursday despite a double-digit Micron rally, a 2.1% GDP beat, and the hottest PCE inflation reading since April 2023 — a puzzling non-move that options analysts attribu
Polymarket annualized revenue surpasses $1 billion six weeks after its U.S. exchange launch
Polymarket told CNBC its annualized revenue has topped $1 billion just six weeks after its U.S. exchange exited a waitlist, with daily U.S. trading volume quadrupling since mid-May amid a World Cup-dr
Micron Earnings Ignite Tech Stock Rally
Micron's blowout earnings sparked a broad tech stock rally, though Reuters Breakingviews and the Wall Street Journal are already flagging stretched valuations and an innovation threat to the memory ch
Cardone Pitches Real Estate Cash Flow to Buy Bitcoin
Grant Cardone is leveraging bitcoin's drop below $60,000 to promote Cardone Capital's hybrid model, which uses rental property cash flow to steadily accumulate bitcoin and sidestep the capital-markets
Kospi Halts Again as Asia Tech Rout Deepens
Asian markets tumbled Friday as a sweeping tech sell-off spread from Wall Street, where Apple and Microsoft flagged rising component costs, reigniting doubts about the massive AI infrastructure spendi
How Pension Funds Invest in Crypto
The Block's educational guide breaks down how pension funds approach crypto investing, covering their motivations, preference for Bitcoin, real-world examples, risk frameworks, and adoption barriers.
Ether, XRP, Dogecoin Sink as Apple Rout Drags Crypto
Crypto markets sold off sharply over the weekend, with ether, XRP, and dogecoin falling harder than bitcoin as a global tech stock rout—sparked by a 6.1% slide in Apple shares—dragged risk assets lowe
Markets Pare Fed Rate Hike Bets After Warsh's Hawkish
Markets are walking back their initial panic over the Federal Reserve's hawkish surprise under new Chair Kevin Warsh, with Treasury yields retreating and rate-hike odds falling from post-meeting highs
Micron Surges 15% on $100B Locked Supply Deals
Micron stock surged roughly 15% after the memory-chip maker reported quadrupled revenue, locked in 16 long-term supply deals worth about $100 billion, and signaled the chip shortage will extend beyond
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