Fears of an AI bubble took at least a temporary breather after Nvidia (NVDA) reported an earnings beat as well as a strong fourth quarter outlook after the close of U.S. markets on Wednesday. The chipmaker topped Wall Street’s expectations for the third quarter, reporting revenue of $57.01 billion — a 62% jump from a…
Markets are further dialing back expectations for another interest rate cut this year after the Bureau of Labor Statistics said it won’t release jobs data for October and the November report will be delayed until after the Federal Reserve’s December. Traders on the Chicago Mercantile Exchange (CME) now see just a 33% chance that the…
New Hampshire moved this week to foster the state’s first effort toward establishing a $100 million bitcoin BTC$88,975.17 bond, which would be directed by a state entity but backed by a private-sector firm, according to those involved with the effort. The New Hampshire Business Finance Authority authorized “$100,000,000 bonds for a project to acquire and…
These are interesting times for AI and trust. A growing number of investment firms are using AI agents to review research notes and company filings. Humans are asked to surrender increasingly invasive biometric data, like face scans, voice samples, and behavioral patterns, just to prove they’re not bots. Once in the wild, this data can…
The Senate Banking Committee voted along party lines to send FDIC Acting Chair Travis Hill’s nomination to the wider Senate for a final vote on taking the permanent job. Source link
Shares of the company rose 2% in pre-market trading. Source link
Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets onto blockchain infrastructure, the company said Tuesday. The round was split across two tranches, with the main one led by institutional investors including Jane Street, DRW Venture Capital, HSG,…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s slide under $90,000 looked like the start of a broad…
Chainlink’s LINK token surged 4.17% on Tuesday, climbing to just shy of $14 and breaking through multiple resistance levels as institutional demand for oracle infrastructure assets picked up. The move marked a rare show of strength after recent headwinds, with LINK outperforming the advances of bitcoin BTC$93,021.86 and broader market benchmark CoinDesk 5 Index. Trading…
Canada’s government managed to pass its federal budget in parliament that would — among many other things — institute a stablecoin policy. Parliament narrowly passed Prime Minister Mark Carney’s first budget on Monday evening. Deep in the lengthy document is a section that would govern the issuance of stablecoins, overseen by the Bank of Canada….
