Bitcoin is currently trading around $79,337, behaving like gold as investors hedge against inflation amid uncertainty over a potential Federal Reserve rate hike next week. CoinShares highlights mixed signals from Fed officials, with some favoring a rate increase due to inflation concerns and others suggesting rates may hold if inflation shows signs of easing. The market currently prices a 60.4% chance of a 25 basis point hike at the upcoming FOMC meeting. Bitcoin’s breakout above $80k depends on either a resolution to the Iran conflict easing inflation fears or worsening confidence in U.S. debt boosting demand for alternative stores of value. Key upcoming events include the August inflation report and the Fed meeting, which will clarify the Fed’s stance on inflation versus employment priorities.
Oracle's stock price has fallen 54% from its highest point, marking a significant decline. Historically, when Oracle experienced a similar drop, it took more than ten years for the stock to recover fully. This long recovery period highlights potentia...
Dick's Sporting Goods faces a class action lawsuit after its stock plunged 30% following disappointing financial results tied to its Foot Locker acquisition. The company missed revenue estimates and lowered its sales guidance, revealing inventory iss...
A Bitcoin wallet funded in 2016 moved 1,260.77 BTC to a new address, marking a rare activity after years of dormancy. This transfer, worth over $100 million at current prices, follows similar movements from even older wallets dating back to 2010. Mea...
Solana's dominance in tokenized equity trading sharply declined from 71% to 30% within two weeks due to the rise of memecoin-stock trading pairs on competing chains like BNB Chain and Robinhood Chain. These rival chains introduced hybrid trading pair...
Wallets tied to North Korea's sanctioned Lazarus Group have moved over $30 million in stolen cryptocurrency through Hyperliquid's decentralized trading platform as recently as August 30. These funds were converted across multiple blockchains before r...
