AI has been a ‘net negative’ for crypto: Phemex CEO
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater…
US charges ex-Robinhood engineers over alleged pre-listing crypto trades
The former employees allegedly earned more than $50,000 each by trading Hyperliquid perpetuals ahead of Robinhood token listings. Source:Cointelegraph
Bitcoin ETFs shed $450M in biggest outflow since June
The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the…
XRP sinks 10% as the Clarity Act fails and bitcoin slides toward $76,000
The Senate's 4950 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell. Source:CoinDesk
There were many conductors in the derailment of the crypto industry's Clarity Act
Last minute, behindthescenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on. Source:CoinDesk
These 4 stocks could benefit most from a $3.2 trillion semiconductor opportunity
A BofA analyst expects the semiconductor market to reach $3.2 trillion by the end of the decade, shrugging off fears of an AI slowdown. Source:MarketWatch
Inflation killed the penny. Now it’s coming for your dollar.
Congress congratulated itself for solving the penny problem, but what about the source of the problem — inflation? Source:MarketWatch
2 charts showing how oil is becoming the global market’s biggest wild card
Oil is increasingly calling the tune in global markets as rising energy prices make investors nervous. Source:MarketWatch
Why a Federal Reserve rate hike could be a ‘rare win’ for your retirement money
There may be better savings yields, but beware rising creditcard rates Source:MarketWatch
Crypto stocks slide after CLARITY Act fails to advance in Senate
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on cryptolinked equities, with Bitcoin miners and treasury companies also…
Top Senate Republican floats a diesel export ban as prices soar. It might not work.
With diesel prices hitting a record $6.27 a gallon, Washington is talking about a maneuver that could ultimately make matters worse. Source:MarketWatch
Oracle’s stock falls for the fifth day in a row — missing out on the AI bounce
Chip stocks linked to OpenAI rebounded a bit on Tuesday, but Oracle shares extended their losses. Source:MarketWatch