Apple’s iPhone business is booming. Here’s why the stock is falling anyway.
Although iPhone demand remains strong, Apple faces a worsening memory crunch and a slowing services business. Source:MarketWatch
North Korea denies role in $6.3B Binance hack, points finger at US
Pyongyang has pushed back against the FBI’s attribution of the Binance attack, with Kim Yo Jong calling the US allegations politically motivated.…
New Jersey drops Coinbase staking order ahead of crypto’s midterm test
New Jersey lifted its staking ban and dropped a $5 million penalty, clearing the way for Coinbase to restore staking access for users in the US state.…
Traders rushing into a leveraged ETF to make a bullish bet on the Nasdaq-100 just got burned
Some investors appeared a little too eager to buy the dip in technology stocks last month. Source:MarketWatch
AI poses greater threat to Bitcoin than quantum computing, Swan founder says
The Swan Bitcoin founder warned that hackers are using large language models to exploit security flaws with just a few prompts. Source:Cointelegraph
Wall Street’s most hated stocks are faring far better than its favorites
The thrashing that Wall Street’s artificialintelligence darlings have taken over the past few months has led to an unusual situation in the U.S. stock market.…
Crypto investigators flag suspected $106M theft, $786K Solana bot drain
A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.…
Palantir earnings reveal a major AI turning point
The U.S. commercial business brought in more money than the U.S. government segment in the third quarter. Source:MarketWatch
Mercado Bitcoin wallets keep moving funds after $46M hack
Brazil’s exchange Mercado Bitcoin paused deposits and withdrawals after a security breach, saying customer funds and data were safe. Source:Cointelegraph
It may take weeks to tally the midterm election results. Here’s why Wall Street isn’t worried.
It’s crucial to distinguish economic from political uncertainty, because only one really moves the stock market. Source:MarketWatch
The bond-market rally is defying the typical investing playbook. Here’s why.
The U.S. economy expanded at its fastest clip in over five years during the third quarter, according to the Commerce Department’s initial reading on GDP. Yet…
Animoca Brands clears final hurdle for Abu Dhabi fund management
The former mobile games company is building out its fund management business in Abu Dhabi as it targets institutional demand for stablecoins and tokenized…