Binance founder Changpeng Zhao (CZ) predicts Bitcoin may overtake gold in importance during the next bull run as more nations adopt it as a strategic reserve asset. He explains that gold's current lead is due to established custody and reserve systems, not the metal's inherent value. CZ expects Bitcoin to approach $1 million sooner than most forecasts, driven by wider adoption in national reserves and pension funds. He urges governments to set clear crypto regulations and consider Bitcoin reserves to accelerate this shift, highlighting examples like the UAE, US, Japan, and Hong Kong.
Bitcoin is trading close to $80,000 after briefly surpassing $82,000 earlier this month, supported by strong demand from U.S. spot Bitcoin ETFs which recorded nearly $1 billion in inflows last week, extending a three-week streak totaling about $3.8 b...
DoorDash reported a 36% year-over-year revenue increase to $4.45 billion in Q2, surpassing expectations. The company saw a 23% rise in organic marketplace Gross Order Value excluding Deliveroo, alongside a 40% increase in adjusted EBITDA to $914 mill...
Hewlett Packard Enterprise (HPE) reported record revenues and operating income in Q3, driven by strong demand for AI-optimized servers in its data center segment. This surge has expanded HPE's revenue backlog and improved profitability, supported by ...
September is historically the weakest month for the S&P 500, averaging a 0.6% decline since 1945, but this seasonal dip often precedes stronger returns in October through December. Despite recent market highs, analysts expect continued earnings growt...
US spot Bitcoin ETFs attracted $986.9 million in net inflows for the week ending September 4, continuing a three-week streak of positive flows. BlackRock's IBIT dominated with $691.5 million, accounting for about 70% of the total inflows, indicating ...
