As AI trade falters, Goldman Sachs says this lagging region is now positioned to outperform
Precisely because it has long been hamstrung by rigid labor markets and overregulation, European stocks may paradoxically be bigger beneficiaries of the AI…
Analysts see no broader ‘contagion’ from $6.3B Binance hack
Binance’s pledge to cover all user losses helped contain the fallout from the $6.3 billion hack, analysts said. Source:Cointelegraph
Nvidia-led tech selloff weighs on crypto majors
Only five of the top 100 cryptocurrencies by market value are up 1% or more over the past 24 hours. That is the state of the market today. Source:CoinDesk
BTC price eyes $73K amid Nvidia volatility: Three things to know in Bitcoin this week
Bitcoin price action fell to its lowest levels since midAugust as Nvidia reports added to sellside pressure across stockmarket futures. Source:Cointelegraph
U.S. inflation, corporate earnings: Crypto Week Ahead
Your look at what’s coming in the week starting Nov. 9. Source:CoinDesk
Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June
Investors pulled a net $1.21 billion from BlackRock’s IBIT last week as Bitcoin fell below $76,000 and US technology stocks sold off. Source:Cointelegraph
SpaceX proposes a $24 billion Texas supercomputer and a gas plant
The $24 billion project, which includes an AI supercomputer in Texas with its own gasfired power plant, is about 17 times the value of SpaceX's bitcoin…
DraftKings’ expensive bet on prediction markets is crushing its stock
Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition. Source:MarketWatch
Bitcoin price dips under $75K as crypto markets miss tech-stock rebound
BTC price action stayed weak after US nonfarm payrolls data significantly beat forecasts, increasing bets of a December interestrate hike. Source:Cointelegraph
U.S. prediction markets regulator issues demand that clashes directly with courts
The Commodity Futures Trading Commission said regulated exchanges can't cut off customers statebystate, but firms like Kalshi are under court orders to do so.…
These three stars need to align before investors rush back into stocks, Bank of America strategist says
Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks,…
The crypto industry has found new ways to grow. Making money from them is another story
Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how hard it is to escape…