Crypto.com CEO downplays FTX contagion fears, states he’ll establish naysayers completely wrong as withdrawals rise

Critical Points

Crypto.com CEO Kris Marszalek stated his business had a “greatly solid balance sheet” and wasn’t engaged in the varieties of procedures that brought on FTX’s collapse.
“We in no way engage as a company in any irresponsible lending techniques, we never ever took any 3rd-bash pitfalls,” Marszalek claimed in an “question me anything at all” on YouTube.
It will come following the revelation Sunday that Crypto.com mistakenly despatched $400 million really worth of ether to Gate.io, one more crypto exchange, in Oct.

Supply

Finance

Israel-Iran attacks and the 2 other things that drove the stock market this week

June 14, 2025

What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off […]

Finance

Power play: Two money managers bet big on uranium, predict long shelf life for gains

June 14, 2025

ETF Edge Power play: Two money managers bet big on uranium, predict long shelf life for gains Published Sat, Jun 14 202511:00 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source

Finance

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

June 14, 2025

Key Points “Credit cycling” is potentially risky behavior with credit cards, but isn’t widely known, experts said. It involves repeatedly maxing out cards and paying down the balance, effectively letting cardholders spend beyond their allotted credit limit. Card companies could close users’ accounts and cancel their rewards, among other risks, experts said. Source