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Finance News Summary Today — Page 56

Stock market, bitcoin, oil prices and economic news — daily finance summary

Bitcoin Poised for 3% May Drop, PMI Data May Spur Rally

Bitcoin Poised for 3% May Drop, PMI Data May Spur Rally

Bitcoin is likely to close May about 3% lower, hovering near $73,500, as traders await the upcoming US manufacturing PMI for a possible bounce. Despite recent US stock rallies and a tentative US‑Iran

Cointelegraph · 1mo ago
How President Trump’s Immigration Order Will Feed the Stablecoin Economy, Bitcoin ATMs

How President Trump’s Immigration Order Will Feed the Stablecoin Economy, Bitcoin ATMs

President Trump’s May 19 executive order forces regulators to tighten fraud checks and cut credit for undocumented immigrants, a move framed as a security safeguard. The Trump family’s crypto venture,

Decrypt · 1mo ago
Moomoo Launches Institutional-Grade Crypto Tools

Moomoo Launches Institutional-Grade Crypto Tools

Moomoo is shifting from a simple brokerage to a full‑service platform that offers Wall Street‑grade analytics, AI‑driven trading and crypto wallets for retail investors. By rolling out staking, tokeni

CoinDesk · 1mo ago
Musk's $1T Pay Skips Milestones in SpaceX-Tesla Merger

Musk's $1T Pay Skips Milestones in SpaceX-Tesla Merger

A potential SpaceX-Tesla merger could exploit a 'change in control' clause in Musk's $1 trillion pay agreement to bypass every operational milestone, handing him the full payout based on inflated mark

Electrek · 1mo ago
Big drop in VC inflow; MeMeraki, a tech platform for artisans

Big drop in VC inflow; MeMeraki, a tech platform for artisans

Venture capital funding in Indian startups on a weekly basis touched the lowest level for the year till now, and this do...

YourStory · 1mo ago
Edelweiss CEO: 85% of Applicants Chase Same Finance Role

Edelweiss CEO: 85% of Applicants Chase Same Finance Role

Edelweiss Mutual Fund CEO Radhika Gupta says 85% of job applicants to the fund chase equity research and investing roles, urging students to consider overlooked, talent-starved finance careers like sa

Mint · 1mo ago
India Falls to 6th in Market Cap Behind Taiwan's $4.95T

India Falls to 6th in Market Cap Behind Taiwan's $4.95T

India slipped to 6th in global market capitalization rankings, edged out by Taiwan at $4.95 trillion versus $4.92 trillion, prompting analysis of which market is structurally better positioned for lon

Mint · 1mo ago
Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion giant. The problem: it would lose money from day one - Fortune

Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion giant. The problem: it would lose money from day one - Fortune

Elon Musk is eyeing a $3.4 trillion merger of his two flagship companies, SpaceX and Tesla. While the proposal has ignited Wall Street chatter and Nasdaq ambitions, analysts warn the combined entity w

Google News Business · 1mo ago
Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment

Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment

Bitcoin’s market mood has plunged to historic lows, with the Fear & Greed Index registering an “Extreme Fear” score of 23 and analysts calling it the worst sentiment in years. This sentiment shift com

Cointelegraph · 1mo ago
Bitcoin dip buyers curb selling but questionable spot, futures volumes highlight weakness

Bitcoin dip buyers curb selling but questionable spot, futures volumes highlight weakness

Bitcoin’s price is hovering near $75,000 as dip‑buyer activity cushions the market but fails to reverse a broader downtrend. Spot inflows to Coinbase and a modest bid‑ask imbalance suggest buying belo

Cointelegraph · 1mo ago
US Treasury Seizes $1B in Iranian Crypto

US Treasury Seizes $1B in Iranian Crypto

The U.S. Treasury announced it seized approximately $1 billion in cryptocurrency tied to Iran under a campaign called Operation Economic Fury, with Treasury Secretary Scott Bessent saying authorities

CoinDesk · 1mo ago
Sumit Gupta urges Bitcoin buys, disciplined allocation

Sumit Gupta urges Bitcoin buys, disciplined allocation

Retail crypto investors in India are moving away from meme‑coin hype toward a more disciplined, Bitcoin‑centric approach. Sumit Gupta of CoinDCX urges regular weekly or monthly purchases of large‑cap

Mint · 1mo ago
SIP Investing in 2026: 5 Mistakes to Avoid as Inflows Hit ₹32,087 Crore

SIP Investing in 2026: 5 Mistakes to Avoid as Inflows Hit ₹32,087 Crore

Indian retail investors are pouring record sums into Systematic Investment Plans (SIPs), but financial advisors are flagging five common mistakes — from panic-stopping during downturns to skipping por

Mint · 1mo ago
Bitcoin is at ‘pivotal level’ as $65K downside risk looms: Analyst

Bitcoin is at ‘pivotal level’ as $65K downside risk looms: Analyst

Analyst Van de Poppe warns Bitcoin is at a pivotal juncture, with the $71,000 level acting as a vital support that must hold to stave off deeper corrections. He says a breakthrough above this zone cou

Cointelegraph · 1mo ago
SEC Sues Texas Man for $12.3M AI Crypto Fraud

SEC Sues Texas Man for $12.3M AI Crypto Fraud

The SEC sued a Texas man named Fuller for a $12.3 million crypto fraud built on proprietary AI-branded trading bots that the agency says never functioned, with at least $6.2 million allegedly diverted

Cointelegraph · 1mo ago
Beijing Court Hears $583K Tesla FSD Fraud Suit

Beijing Court Hears $583K Tesla FSD Fraud Suit

As Tesla rolls out robotaxi services in U.S. markets and navigates a volatile China‑Japan environment, a Beijing court’s first hearing of a consumer‑fraud suit over its Full Self‑Driving package threa

Electrek · 1mo ago
Two months, $2.6 billion: How NASA ETF turned SpaceX IPO access into a hot retail trade

Two months, $2.6 billion: How NASA ETF turned SpaceX IPO access into a hot retail trade

The NASA Space Innovators ETF has vaulted to $2.6 billion in assets, giving retail investors a direct line to privately held SpaceX shares ahead of its IPO. Other niche funds also hold SpaceX stakes,

CNBC · 1mo ago
Grayscale Calls Hyperliquid a 'Financial Services Juggernaut'

Grayscale Calls Hyperliquid a 'Financial Services Juggernaut'

Grayscale's new report labels Hyperliquid a potential 'financial services juggernaut,' arguing the decentralized exchange is evolving from a crypto perpetual futures venue into a 24/7 blockchain-based

CoinDesk · 1mo ago
Josh Brown, counting on a new momentum strategy, thinks investors want more than index funds

Josh Brown, counting on a new momentum strategy, thinks investors want more than index funds

Amid record‑high S&P 500 valuations, Wall Street veteran Josh Brown unveiled Porterhouse, a rules‑based momentum SMA that seeks to capture the market’s fastest‑growing winners beyond the traditional i

CNBC · 1mo ago
3 themes that drove stocks to another week of records — and a banner month

3 themes that drove stocks to another week of records — and a banner month

U.S. equities hit fresh records as investors cheered a tentative Iran‑U.S. truce, strong earnings and a wave of AI‑related deals. The S&P 500 and Nasdaq closed the week up over 1% and 2% respectively,

CNBC · 1mo ago

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