Bitcoin fell below $63,000 on June 3, marking its lowest price since late February and triggering over $150 million in liquidations of long positions. The broader crypto market saw $1.1 to $1.8 billion in liquidations within 24 hours, with Bitcoin alone accounting for hundreds of millions. This decline coincides with 13 consecutive days of outflows from US spot Bitcoin ETFs totaling about $4.4 billion, driven by large holder rebalancing and geopolitical shifts favoring AI sectors. Analysts are watching the $60,000 support level closely, with potential further drops to $50,000-$52,500 if it breaks, as high futures open interest suggests more liquidations could follow.
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
BMW is recalling 29,119 plug-in hybrid sedans due to a potential fire risk caused by corrosion in the engine starter's electrical relay. This defect can lead to a short circuit and overheating even when the vehicle is parked with the ignition off. Th...
The Fidelity Fundamental Large Cap Core ETF (FFLC) provides an actively managed alternative to traditional S&P 500 index funds by emphasizing risk-adjusted returns and fundamental company strength. FFLC excludes companies with high valuations and low...
