BlackRock's IBIT Bitcoin ETF sold about $1.01 billion worth of Bitcoin in the past week as the cryptocurrency faced renewed selling pressure after nearing $80,000. This selling reflects investor outflows rather than BlackRock's own decisions, with other major buyers like Michael Saylor's Strategy firm continuing to accumulate BTC aggressively. Despite the large outflow, it represents only a fraction of BlackRock's holdings and may be offset by strong buying from other institutional players. The market remains volatile, with retail investors possibly selling to lock in profits amid uncertainty.
The Dutch Data Protection Authority has fined Uber €825 million for deactivating driver accounts using an automated system without adequate human oversight, marking the second largest penalty under the EU's GDPR. The regulator found Uber committed se...
Economist Peter Schiff cautions that artificial intelligence (AI) may pose a threat to Bitcoin by competing for investment, electricity, and data center infrastructure. He suggests that powerful AI might uncover vulnerabilities in Bitcoin's code or c...
Alibaba sharply reduced its share repurchases by about 80% in the June 2026 quarter, spending $162 million compared to $815 million a year earlier. The company redirected capital towards AI infrastructure and cloud computing, with capital expenditure...
Trade tensions between the US and Canada escalated sharply after President Trump imposed 50% tariffs on $28 billion worth of Canadian goods, targeting industries like dairy, alcohol, automotive, and a wide range of specific products including hockey ...
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highligh...
