Four of the Magnificent Seven (Mag 7) tech giants are still on track to meet their massive artificial intelligence (AI) spending targets this year, according to their earnings report. The companies that have reported quarterly earnings post-market on Wednesday are Microsoft (MSFT), Alphabet (GOOG), Meta (META) and Amazon (AMZ), with a combined market cap of…
Las Vegas — Eric Trump took the stage at Bitcoin 2026 in Las Vegas with a message: the asset’s best days aren’t ahead, they’re already here. The American Bitcoin (ABTC) co-founder and chief strategy officer declared that the convergence of institutional adoption, corporate treasuries, and mainstream financial access has made this bitcoin’s most important moment…
Former Goldman Sachs crypto executive Oliver Harris, who has returned to the TradFi world as JPMorgan’s new blockchain chief, once said he believes tokenization alone will not fix one of finance’s core challenges, warning that putting assets on blockchain rails does not automatically make them easier to trade. “Tokenization does not equal liquidity,” Harris, who…
Reform UK leader Nigel Farage received about £5 million (around $6.7 million) from crypto billionaire Christopher Harborne before announcing his run for the Clacton seat in 2024, The Guardian reported Wednesday. The Conservatives have referred him to the Parliamentary Standards Commissioner, while Labour has also accused him of breaking House of Commons rules. Farage confirmed…
The U.S. bid that drove April’s rally is fading. Bitcoin’s BTC$75,808.65 Coinbase Premium, the difference between the price on Coinbase (COIN) — which caters mainly to U.S. customers — and on offshore exchanges, flipped negative this week for the first time since early April, CryptoQuant data show. The metric ran consistently positive from April 8…
Roundhill Investments is set to launch the first U.S. exchange-traded funds (ETFs) tied to prediction markets next week, with two other asset managers preparing similar products. According to a filing with the U.S. Securities and Exchange Commission (SEC), Roundhill will list six funds tied to whether Democrats or Republicans control the White House, Senate and…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2093.01, up 0.7% (+15.25) since 4 p.m. ET on Tuesday. Fourteen of 20 assets are trading higher. Leaders: LTC (+2.4%) and APT (+1.7%). Laggards: AAVE (-1.1%) and SUI (-0.4%)….
Crypto payments firm MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to launch MoonPay Institutional, a new unit built for large financial institutions looking to access crypto. Bloomberg reports, citing sources familiar with the acquisition, that it’s an all-stock deal worth about $100 million. The new unit will offer…
Bitcoin BTC$77,604.85 is trading around $77,700, up 1.8% since midnight UTC, after rebounding from $75,650, a price that had served as an upper barrier during last week’s rally. The rebound suggests a bullish shift, with $75,650 now acting as support — a level that could prove crucial if bitcoin is to make another attempt at…
The European arm of global cryptocurrency exchange KuCoin has hired anti-money laundering (AML) and compliance expertise in a bid to appease its regulator, which recently demanded the exchange halt business in Europe due to a staffing shortfall. KuCoin EU, which holds a Markets in Crypto Assets (MiCA) license from Austria’s FMA, appointed Carmen Kleinhans as…
