European Central Lender says bitcoin is on the ‘road to irrelevance’

Critical Details

In a blogpost, ECB Director Basic Ulrich Bindseil and Analyst Jürgen Schaff reported that bitcoin’s recent selling price stabilization this 7 days is probable an “artificially induced final gasp in advance of the road to irrelevance.”
Bitcoin topped $17,000 Wednesday, marking a two-yr significant for the world’s most significant digital coin.
The remarks are timely, with the crypto business reeling from a person of its most catastrophic failures in current record: the downfall of FTX.

Supply

Finance

Stocks making the biggest moves after hours: Cadence Design Systems, Whirlpool, Nucor and more

July 28, 2025

Check out the companies making headlines in after-hours trading. Cadence Design Systems – Shares of the computer software company jumped more than 6% after its latest quarterly results beat on the top and bottom lines. For the second quarter, Cadence reported adjusted earnings of $1.65 per share on revenue of $1.28 billion, above the $1.55 […]

Finance

JPMorgan says fintech middlemen like Plaid are ‘massively taxing’ its systems with unnecessary pings

July 28, 2025

Key Points JPMorgan Chase said that the fintech middlemen that have helped a new generation of financial apps connect with traditional checking accounts are flooding the bank’s systems with unnecessary data requests. Of 1.89 billion data requests from middlemen hitting its systems in June, only 13% were initiated by a customer for transactions, according to […]

Finance

Stocks making the biggest moves midday: Tesla, Nike, Revvity, Anheuser-Busch and more

July 28, 2025

Check out the companies making the biggest moves in midday trading: Beer stocks — Brewing stocks are trading lower as investors weigh the effect of the U.S.-European Union trade deal. While some say the details are not as bad as feared, there is still concern about consumer demand after Heineken said it anticipates flat sales […]