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Michael Burry’s Scion Asset Management is leaning hard against artificial intelligence (AI) highfliers, disclosing hefty put options on Palantir Technologies and Nvidia that together account for roughly 80% of a tightly focused, $44 million portfolio. Wall Street Déjà Vu: Trading Veteran Michael Burry’s Scion Bets Against AI Mania Scion’s latest 13F, released around Nov. 3, … Read more
Sharps Technology Inc. announced Thursday that it has authorized a $100 million stock repurchase program, pointing to its commitment to enhancing shareholder value. A $100M Buyback? Sharps Technology Thinks It’s Worth It The medical device company, listed on Nasdaq under STSS, said it will repurchase up to $100 million worth of its common stock through … Read more
U.S. equities kicked off the week on solid footing but slipped by Wednesday, giving the markets a well-deserved cooldown. Over in crypto, the entire market ticked up 1.23% with bitcoin edging past $114,000—only to cool its heels right alongside the rest. Wall Street Stumbles as Bitcoin Miners Shine Bright Midweek Wall Street bled red today, … Read more
XRP is emerging as the next big institutional crypto play as public companies embrace it as a treasury cornerstone, signaling explosive mainstream adoption. Wave of Public Firms Embracing XRP Sparks Institutional Crypto Shift A growing number of public companies are signaling a decisive pivot toward XRP as a strategic treasury asset, reshaping the narrative around … Read more
On June 11, Bitcoin continued its upward momentum, testing the $110,000 mark twice within 24 hours, indicating a potential breakout to new all-time highs. Positive CPI Data Expected to Boost Markets Bitcoin’s unstoppable momentum continued on June 11 after it tested the $110,000 mark twice within 24 hours, signaling a potential breakout to new all-time … Read more
Cantor Fitzgerald Asset Management is rolling out a bitcoin investment fund that offers uncapped BTC upside with gold-based downside protection. The five-year fund combines digital asset exposure with a traditional safe-haven twist. Wall Street Giant Launches Bitcoin Fund Backed by Gold Safety Net Cantor Fitzgerald Asset Management (CFAM) has announced the upcoming launch of the … Read more
America’s leading financial institutions are eyeing stablecoins, and a recent report reveals that multiple banks are quietly collaborating on ventures to debut crypto assets tethered to the U.S. dollar. WSJ: Stablecoin Bloc Forms Behind Closed Doors Should the Guiding and Establishing National Innovation for U.S. Stablecoins Act—aptly dubbed the GENIUS Act—clear the Senate and land … Read more
Crypto breaks into Wall Street’s top tier as Coinbase becomes the first digital asset firm added to the S&P 500, signaling a seismic shift in financial market legitimacy. Coinbase Makes History With S&P 500 Inclusion S&P Dow Jones Indices, a division of S&P Global (NYSE: SPGI), announced on May 12 that Coinbase Global Inc. (Nasdaq: … Read more
The exchange more than doubled its year-on-year revenue and posted Q4 earnings per share 109% higher than analyst estimates. Strong Q4 Showcase: Coinbase Beats Estimates, Defying Market Predictions Cryptocurrency exchange Coinbase (Nasdaq: COIN) beat analyst estimates by an eyepopping 109% when it revealed its Q4 earnings report on Thursday. The firm raked in $6.6 billion … Read more
Bitwise has predicted that in 2025, Bitcoin could hit $500,000, Coinbase will enter the S&P 500 and AI agents will drive the next “memecoin mania.” Go to Source
