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Bitcoin slides to $81,000 as Trump tariffs jolt stock market
Harun Ozalp | Anadolu | Getty Images Bitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump’s big tariffs reveal jolted the stock market. The price of the flagship cryptocurrency was last lower by 5% at $81,849.63, according to Coin Metrics. Ether fell 7% and the token tied to Solana dropped 13%. Shares […]
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Plaid raises funding at $6 billion valuation, enabling some employees to cash out
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid on Thursday announced a new funding round that values the fintech startup at $6 billion, down from $13.4 billion in 2021. The new […]
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Stocks making the biggest moves midday: CoreWeave, Canada Goose, Tesla, United Airlines and more
Check out the companies making headlines in midday trading. CoreWeave — Shares of the cloud provider tumbled more than 9% in its second trading session since going public. CoreWeave, which rents out access to Nvidia graphics processing units to other large tech companies, suffered a disappointing debut last week. Nvidia also saw its shares drop […]
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Stocks making the biggest moves premarket: Tesla, Stellantis, Nvidia and more
Check out the companies making headlines before the bell. Tesla – The electric vehicle maker tumbled more than 6% after Stifel cut its price target on the stock. The firm said that a slower-than-expected rollout of Telsa’s new Model Y and recent protests could weigh on sales in the near term. Auto stocks – Shares […]
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Stablecoins racked up several milestones this week as regulatory framework nears
President Donald Trump’s crypto bank launched a stablecoin this week , but tha’s not the only first in the flourishing sector worth watching. It may have been a bad week for crypto prices — bitcoin posted its first three-week decline of the year and ether dropped 5% in the week, its fifth weekly loss in […]
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SEC will keep $50 million of Ripple fine and refund the rest to wrap case, legal officer says
Jakub Porzycki | Nurphoto | Getty Images Ripple and the U.S. Securities and Exchange Commission have reached an agreement to end their long-running legal battle. Following last week’s news that the SEC would drop its appeal without conditions, Ripple has now agreed to withdraw its cross-appeal, Chief Legal Officer Stuart Alderoty said on X Tuesday. […]
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Stocks making the biggest moves midday: Tesla, Azek, Visa, Boeing and more
Check out the companies making headlines in midday trading. Tesla — The electric vehicle maker popped more than 9%, making it the top performer in the S & P 500. The megacap tech stock and retail investor favorite is coming off nine straight down weeks, its longest ever weekly decline. Azek — The outdoor product […]
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As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto
Richard Teng, chief executive officer of Binance Holdings Ltd., at an event hosted by the Foreign Correspondents Association in Singapore, on Tuesday, Sept. 17, 2024. Ore Huiying | Bloomberg | Getty Images Binance CEO Richard Teng says the Trump administration has been a “fantastic” reset for the cryptocurrency industry. “It’s an extremely different environment that […]
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Crypto’s long battle with SEC comes to a close with Ripple victory
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | Reuters The Securities and Exchange Commission’s years-long crusade against the crypto industry appears to be over. The final chapter closed on Wednesday, when Ripple announced that the SEC had officially dropped […]
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Crypto super PACs pump cash into Florida as GOP faces risk of thinning House majority
Florida CFO Jimmy Patronis delivers remarks before Gov. Ron DeSantis took to the stage during his Don’t Tread on Florida Tour in Sarasota on Nov. 6, ahead of the Nov. 8 midterm election, 2022. Tiffany Tompkins | Bradenton Herald | Tribune News Service | Getty Images Fresh off its victories in the 2024 election cycle, […]
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