US Commerce Dept takes equity stakes in 7 chip firms with $870M in incentives
The US government is investing over $870 million in semiconductor manufacturing, taking minority equity stakes in seven companies as part of the CHIPS Act.
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Strategy posts $8.2B Q2 loss as Bitcoin slump drives unrealized losses
A company that holds a large amount of Bitcoin reported a massive quarterly loss due to the drop in Bitcoin's price, highlighting the risks of corporate Bitcoin holdings.
AI hedge fund Situational Awareness bailed out by Citadel after founder, age 24, faces crisis
The AI-focused hedge fund Situational Awareness, founded by a 24-year-old, received a rescue from Kenneth Griffin's Citadel, according to sources.
White House eyes reopening oil refineries to fight high gas prices amid Iran war
The Trump administration is considering reopening closed oil refineries, including one in the Virgin Islands, to increase fuel supply and lower gasoline prices that have spiked due to the...
Coinbase Q2 profit misses estimates despite record market share, blames low volatility and softer spot trading.
Coinbase reported lower-than-expected profits for the second quarter, even though it gained market share. The exchange said trading volumes were down due to low volatility, but highlighte...
Pavel Durov fires back: Russia labeled me a terrorist for refusing to hand over user data
The founder of Telegram, a popular messaging app with its own crypto token TON, says Russia designated him a terrorist because he wouldn't give the government access to private messages....
Iran threatens to 'punish the aggressor' after US retaliatory strikes
Iran threatens to 'punish' US after retaliatory strikes, escalating Middle East conflict. Tensions rise as strikes expand to Egypt, risking broader war and impacting energy prices.
Jim Cramer says AI market may be facing a 'clearing event' after Situational Awareness fund liquidates all public stock positions, potentially signaling a market bottom after leverage washout.
A well-known CNBC commentator suggests that forced selling by a leveraged AI-focused fund could mark a turning point for the AI sector, similar to past market bottoms.
Multicoin Capital reveals it is long Robinhood (HOOD), making it their largest public market stock position.
Multicoin Capital discloses it is long Robinhood (HOOD), making it the firm's largest public market stock position. The crypto venture capital's bullish bet signals confidence and could d...
China's Politburo signals more proactive fiscal policy but stops short of major stimulus, disappointing markets.
China's top leadership indicated they will be more proactive with taxes and spending, but did not announce large-scale measures to boost weak consumer spending, which investors had hoped...
Inflation eases during Iran war pause, but resumption reignites fears
The Fed's preferred inflation gauge, the PCE index, showed slower price increases during a brief truce with Iran, but renewed fighting threatens to push inflation higher due to rising ene...
$286M in crypto liquidations hit 87k traders as Fed meeting volatility spikes.
Over $286 million worth of leveraged positions were liquidated across crypto exchanges during the Fed meeting period, with both longs and shorts affected.
US core PCE drops to 3.3% YoY in June, in line with expectations, down from 3.4%.
US core PCE drops to 3.3% YoY in June, matching expectations. Lower inflation boosts Fed rate-cut hopes, potentially lifting crypto risk appetite and intraday volatility. Traders eye dovi...
Over 500,000 Korean leveraged retail accounts may have been completely liquidated as KOSPI drops 18% since July, Goldman Sachs data shows.
A massive wave of forced selling in South Korea's stock market may now be impacting crypto markets as Korean retail traders face margin calls, with over half a million accounts fully liqu...
Aave to remove 50 low-adoption asset reserves and shut down deployments on 6 chains
Aave, a decentralized lending protocol, is cleaning up its platform by removing underused assets and ending operations on several blockchain networks.
CZ says he supports all meme coins and may buy or sell one in coming weeks for testing.
CZ supports all meme coins, may buy or sell one or two in coming weeks for testing, while clarifying GiggleAcademy donation sales for charity.
Ukraine and Iran wars converge as Caspian Sea clash escalates, Trump seeks peace breakthroughs at White House
This news discusses a rare direct confrontation between Ukraine and Iran on the Caspian Sea, happening alongside White House meetings where Trump is trying to advance peace deals. It sign...
Missile that landed in Poland likely Russian, says Polish PM as crater near Ukraine border fuels NATO tensions.
A missile or unidentified object created a large crater in Poland near the Ukrainian border during Russia's attack on Lviv, raising concerns about NATO involvement and potential escalation.
China threatens retaliation as US blocks robot imports, escalating tech trade war.
The US is blocking imports of robots from China, and China says it will retaliate. This is part of the ongoing trade and technology conflict between the two countries.
Whale who held BTC for over a year and lost $20M deposits 625 BTC ($40M) to FalconX exchange, likely preparing to sell.
A large Bitcoin holder who has been holding for over a year and is down over $20 million has moved 625 BTC to the FalconX exchange, signaling a potential sell-off.
