Bitcoin (BTC-USD) has faced a significant pullback, plunging as much as 20% over the weekend to below $50,000—a level not seen since February. However, the cryptocurrency has since rebounded by approximately $6,000, though it remains down 14% over the past week. Despite this downturn, Bitcoin enthusiasts are maintaining their bullish forecasts. MarketVector’s Martin Leinweber believes…
Core Scientific (NASDAQ:CORZ) saw its shares spike as much as 17% following the announcement of a new $2 billion high-performance computing (HPC) contract with CoreWeave. The extension of a prior agreement will see Core Scientific host an additional 112 megawatts (MW) of GPUs for CoreWeave, an AI hyperscaler firm. This deal boosts Core Scientific’s expected…
Robinhood Markets Inc. (NASDAQ:HOOD) is poised to deliver strong second-quarter earnings, driven by a resurgence in meme stock trading and a significant uptick in cryptocurrency activity. Wall Street is eagerly anticipating Robinhood’s financial results, which are expected to showcase record-breaking revenue growth fueled by retail investors flocking back to the platform. This article explores the…
Crypto bank Anchorage has taken a significant step forward by expanding its custody support to include tokens on the Solana blockchain. This move, announced by CEO Nathan McCauley, marks an important development in the rapidly evolving cryptocurrency landscape, particularly for institutions that rely on secure digital asset storage. This article explores how Anchorage’s new Solana…
The landscape of cryptocurrency regulation in the U.S. has undergone a significant transformation in recent years. What was once met with skepticism and stringent oversight is now evolving into a more nuanced and balanced approach, driven by shifting political sentiment and a deeper understanding of the technology’s potential. This article explores the changing dynamics of…
The non-fungible token market witnessed a remarkable surge as the Pudgy Penguins collection took the top spot in daily sales, generating over $1.14 million. This milestone, achieved on Monday, highlights the continued popularity and demand for unique digital assets within the NFT space. This article explores the significance of Pudgy Penguins NFT sales, the broader…
Solana, Altcoins, and Memecoins Experience Sharp Declines The cryptocurrency market is in turmoil, with altcoins facing severe losses. Over the past week, Solana (SOL-USD), Chainlink (LINK-USD), and Uniswap (UNI-USD) have all dropped 30%, according to CoinGecko data. Memecoins have also been hit hard, with Dogecoin (DOGE-USD) down 27% and Pepe (PEPE-USD) plummeting 39%. Crypto Liquidations…
Bitcoin (BTC-USD) briefly fell below $50,000 on Monday for the first time since February, marking a significant drop of nearly 30% from the $70,000 price level reached a week ago. The cryptocurrency later rebounded, trading above $54,000 early Monday afternoon. This sharp decline comes as fears surrounding the U.S. economy have extended the market sell-off…
Genesis Global, a prominent crypto lender, has successfully completed its bankruptcy restructuring and has begun distributing approximately $4 billion in digital assets and cash to its creditors. This pivotal move comes after months of financial turmoil and legal battles, marking a significant step forward for the company and the broader crypto industry. The focus keyword…
Meanwhile, a groundbreaking company in the insurance sector, has introduced a revolutionary approach by offering life insurance policies exclusively in bitcoin. This move sets Meanwhile apart as the first and only company to operate under traditional life insurance regulations while transacting solely in the world’s leading cryptocurrency. The focus keyword for this article is “Bitcoin…