On today’s episode of CNBC Crypto World, Bitcoin falls after hitting a four-month high above $107,000. And, the Trump family’s World Liberty Financial crypto project pushes back on Sen. Richard Blumenthal’s concerns of potential conflicts of interest or violations of the law tied to the President’s crypto ventures, including World Liberty. Plus, Nathan Allman, founder and CEO of Ondo Finance, discusses a new partnership with JP Morgan’s blockchain unit from Consensus 2025.
China’s top foundry SMIC‘s co-CEO said on Friday that U.S. tariff policy had not resulted in the “hard landing” that the company was initially worried about and that strong domestic demand will keep its production capacity tight until October. Zhao Haijun, co-CEO of Semiconductor Manufacturing International Corp, told a post-earnings call that the company is not consulting […]
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The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters Shares of SoftBank Group surged 13% Friday to hit a fresh record, following the company’s higher-than-expected fiscal first-quarter profit. This marks the Japanese investment firm’s fourth straight session of gains, and comes after it closed […]
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Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Friday. As of 8:12 a.m. Singapore time (8:12 p.m. ET Thursday), Japan’s Nikkei 225 benchmark rose 1.18% while the broader Topix index added 0.87%. In South Korea, the Kospi index fell 0.13% while the small-cap Kosdaq increased by 0.65%. Over in Australia, the S&P/ASX 200 benchmark was down […]
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