Investors withdrew $4.7 billion from US spot Bitcoin ETFs since mid-May, driven by a falling Bitcoin price and concerns over Federal Reserve rate hikes. Bitcoin dropped from above $79,000 to below $60,000, with $1.7 billion in ETF outflows in the past week alone, led by BlackRock's IBIT. The selloff followed strong US jobs data that reduced expectations for near-term Fed rate cuts, as new Fed Chair Kevin Warsh signals a possible hawkish stance on inflation. Traders now expect at least one rate hike by year-end, adding pressure on the digital asset market.
SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...
Dash (DASH) cryptocurrency has dropped 13% and is testing a crucial support level at $29.63, just above $28, which if broken would wipe out its entire October rally. Technical indicators like the Parabolic SAR and Chaikin Money Flow show strong beari...
Korean equities are benefiting from the AI-driven supercycle, supported by strong earnings and export growth. The country's industrial sector has shifted from traditional heavy manufacturing to a strategic base including defense, shipbuilding, and au...
Perrigo is rated Hold because of its distressed balance sheet, high leverage, and unsustainable dividend coverage. The company's 10.9% dividend yield is not supported by free cash flow, creating a near-term risk of a dividend cut unless it sells more...
Federal Reserve Chair Kevin Warsh's support for using trimmed mean inflation metrics, which exclude extreme price changes to reveal underlying trends, has sparked debate about the accuracy and fairness of inflation measurement. Critics argue this met...
