Billionaire investor Mark Cuban revealed he sold most of his Bitcoin holdings after losing confidence in its role as a hedge asset. He noted that Bitcoin failed to rise during recent geopolitical tensions, such as the Iran conflict, and did not increase alongside a weaker dollar, unlike gold which performed well in the same period. Cuban described this as disappointing for his original investment thesis that viewed Bitcoin as "digital gold" and a store of value. While he remains less disappointed in Ethereum, he criticized other cryptocurrencies and shifted his crypto portfolio away from Bitcoin due to its underperformance.
XRP has experienced renewed volatility this week, trading between $1.35 and $1.55, driven by speculation around ETF activity and institutional interest, including mentions of Goldman Sachs. Regulatory progress with the U.S. CLARITY Act has added opti...
Private equity firms Bain Capital, Warburg Pincus, and Blackstone are considering bids to take Nikkon Holdings private in a deal potentially worth up to $7 billion. Nikkon Holdings, a Tokyo Stock Exchange-listed logistics company with a market cap ar...
Metallium Limited presented its patented Flash Joule Heating (FJH) technology at the Canaccord Genuity Global Metals and Mining Conference, highlighting its potential to revolutionize metals processing and reduce U.S. dependence on China. The technol...
Kontoor Brands announced the sale of its Lee business to Authentic Brands Group for up to $1 billion, including $750 million upfront and a potential $250 million earnout. This move aims to sharpen focus on higher-growth brands like Wrangler and Helly...
Tesla has officially ended production of its Model S and Model X electric vehicles after nearly 18 years. The Model S, launched in 2012, was a groundbreaking EV with a 400-mile range and helped establish Tesla as a leader in electric cars. Since the ...
