Stocks

Nvidia’s impressive Q1 earnings report caused AI-related stocks to surge, but AI crypto has not followed suit despite Crypto trader’s expectations. On May 22, Nvidia released its Q1 earnings report. Revenue jumped 18% from the previous quarter and surged 262% year-over-year, beating analyst estimates of $24.6 billion. The earnings report…

SOL has fallen by 4% in the past 24 hours, with the Solana price dropping to $173.63 on a day when the cryptocurrency market has barely moved. Despite this loss, Solana remains up by a healthy 7% in a week, with the popular altcoin also sitting on a 22% gain…

Bitcoin Price Prediction Bitcoin (BTC) is currently navigating resistance around $70,000. Starting the week bullish, BTC peaked at $71,957, gaining 13% over the past seven days. The rise was driven by inflows into Bitcoin spot ETFs and optimism for Ethereum spot ETF approval by the SEC. BlackRock’s IBIT Leads Bitcoin…

The UK government’s Charity Commission probe has concluded that Effective Ventures Foundation, an FTX-funded charity, acted “diligently and quickly” to protect charity funds in the wake of FTX’s massive collapse. “The inquiry found that the trustees took appropriate steps to protect the charity’s funds and complied with their legal duties…

The number of United States adults reporting crypto ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Fed. The survey, known as the Survey of Household Economics and Decisionmaking (SHED), indicates that approximately 18 million US adults reported using cryptocurrencies in…

Gate.io’s Hong Kong entity, Gate.HK, is winding down its operations. It has also withdrawn its application for a crypto trading platform license in the region. In a statement released Wednesday, Gate.HK outlined a platform overhaul and urged users to withdraw their assets by August 28. The platform said it will…

Some of the biggest tech firms and crypto exchanges have partnered to launch a ‘Tech Against Scams’ alliance, aiming to tackle the growing online fraud and financial schemes. Meta, Coinbase, Ripple, Kraken, Gemini, Match Group and the Global Anti-Scam Organization (GASO) are among the alliance members. The cross-industry coalition would…

Crypto investor and trader Brian Kelly has suggested that Solana (SOL) could potentially become the next cryptocurrency to have a spot exchange-traded fund (ETF) in the United States. On a recent episode of CNBC’s ‘Fast Money’, Kelly, who also serves as the founder and CEO of the BKCM Digital Asset Fund, posed the…

Investment firm Metaplanet has experienced a remarkable surge in its shares, skyrocketing 158% over the past week and emerging as the highest gainer among all Japanese stocks. The company’s share price currently stands at 93 Japanese yen, experiencing a staggering 127% increase in just two days. The rapid growth even…

Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California. According to a recent report by The Wall Street Journal, Bankman-Fried’s spokesperson confirmed the move but did not provide the specific destination. People familiar with the matter stated that Bankman-Fried would likely be moved to…