Stocks Flip To Losses, Nvidia Defies Gravity, Bitcoin Pauses For A Breather: What’s Driving Markets Tuesday?
Published by Benzinga Tuesday on Wall Street was marked by a subdued trend in major equity indices as investors remained cautious ahead of key inflation data scheduled for release on Thursday and the kick-off of the earnings season. Among the…
First US private lunar lander mission fails
Published by AFP Washington (AFP) – An historic commercial US mission to the Moon will fail after suffering a critical loss of fuel, organizers admitted Tuesday, ending for the time being America’s hopes of placing its first spacecraft on the…
DeFi Risks Get Regulatory Spotlight As CFTC Seeks Collaboration With Industry Pros
Published by Benzinga A new report on decentralized finance (DeFi) hones in on one of the most pressing issues facing this innovative sector: the challenge of digital identity. What Happened: The Technology Advisory Committee of the U.S. Commodity Futures Trading…
Cboe Digital Set To Launch Bitcoin And Ether Margin Futures January 11, 2024
Published by Benzinga The cryptocurrency market has witnessed a resurgence in recent weeks, with Bitcoin’s price soaring over 150% in 2023. The digital currency, which saw its value plunge to below $16,000 in November 2022, has made a remarkable recovery,…
Unity Software To Reportedly Cut 25% Workforce Affecting 1,800 Employees Amid Recovery Efforts
Published by Benzinga In a bid to recuperate from a turbulent period, Unity Software Inc. (NYSE:U) has decided to lay off approximately 25% of its workforce. What Happened: The software company, based in San Francisco, plans to part ways with…
Expert Says Bitcoin ETFs Could Face Premiums Of Up To 8%: ‘It Will Be Some Crazy Number’
Published by Benzinga If a Bitcoin exchange-traded fund (ETF) is approved, it could potentially trade at a premium of 8% compared to the actual value of the underlying assets, according to a recent statement by a prominent figure in the…
Jim Cramer Believes BTC ‘Topping Out’ As ETF Approval Deadline Approaches, But Advises: ‘If You Want Bitcoin, Buy Bitcoin’
Published by Benzinga CNBC’s ‘Mad Money’ HostJim Cramer on Monday said “Bitcoin’s (CRYPTO: BTC) topping out” following its ascent to the $47,000 mark, energized by the market’s optimism for a potential spot Bitcoin ETF approval. What Happened: While fielding questions…
Jim Cramer Says Nvidia ‘Still Undervalued’ Despite 4% Jump To Record High
Published by Benzinga On Monday, NVIDIA Corp (NASDAQ:NVDA) shares soared over 4% to top $514 each, marking a new record for the AI chipmaker. This surge in stock price came in response to Nvidia’s presentation at the CES event and…
Solana-Based Meme Coin Bonk Makes A Comeback, Surging 30% As Market Eyes Bitcoin ETF Approval
Published by Benzinga The Solana (CRYPTO: SOL) based meme cryptocurrency, Bonk (CRYPTO: BONK), has experienced a resurgence, climbing 30% over the past 24 hours after a decline that followed its year-end rally. What Happened: In the last 24 hours, BONK…
Former SEC Chair Jay Clayton Says Bitcoin ETF ‘Approval Is Inevitable. There’s Nothing Left To Decide’
Published by Benzinga The former chairman of the Securities and Exchange Commission (SEC), Jay Clayton, has stated that the regulator’s approval of a spot Bitcoin (CRYPTO: BTC) Exchange-Traded Fund (ETF) is essentially guaranteed. What Happened: Clayton said in a CNBC…