Category: News

Former President Donald Trump warned that the United States must embrace digital currencies to prevent China from dominating the field. What Happened: Once a vocal critic of Bitcoin (CRYPTO: BTC), Trump now advocates for digital currencies to be “made in the USA,” emphasizing the necessity to counter China’s growing influence. His shift aligns with a…

Bitcoin (CRYPTO: BTC) miners are looking at a promising future, dubbed a “Goldilocks scenario,” influenced by the “Trump factor,” according to analysts at Bernstein. What Happened: As reported by The Block, analysts Gautam Chhugani and Mahika Sapra noted that the scenario includes a higher likelihood of pro-Bitcoin political change, the U.S. becoming a focal point…

The second-quarter earnings season kicks off this week with key reports from PepsiCo Inc. (NASDAQ:PEP), Progressive Corp. (NYSE:PGR), and Delta Air Lines Inc. (NYSE:DAL) on Thursday, followed by major banks like JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC) on Friday. Goldman Sachs equity analysts have identified four options…

Gordon Johnson, the founder of GJC Research, joined Benzinga’s PreMarket Prep Friday morning to discuss Tesla Inc (NASDAQ:TSLA) amid the company’s recent share-price rally, with the electric vehicle giant adding more than 40% in market value in the last month. Johnson outlined his bearish thesis on Tesla, and why he believes the stock is overvalued.…

Tesla, Inc. (NASDAQ:TSLA) shares have been on an extended lean patch amid fundamental woes and the electric-vehicle maker’s CEO Elon Musk on Monday suggested that there could be redemption at sight in the long term. What Happened: Musk was responding to a post by asset management firm Baron Capital on X, in which it shared…

Bitcoin (CRYPTO: BTC) has bounced from its poor showing in Monday trading and is trading back above $61,000, despite significant net outflows from spot ETFs. What Happened: At the time of writing, Bitcoin is trading around $61,300, flat over the past 24 hours but up from $59,086 in Monday evening trading. On June 24, these…

Pseudonymous trader Dark Crypto Lord offered a sobering analysis of why the cryptocurrency market is currently difficult for retail investors. What Happened: In his latest tweet, the trader reflected on the fading era of easy, high-multiplier gains in crypto, pointing out the contrasting conditions of the current supposed bull run. He observes that despite being…

Nearly four years after first pitching for Grail Inc. (NASDAQ:GRAL), Illumina Inc. (NASDAQ:ILMN) announced Monday that it would spin off the cancer blood test developer.  In July 2021, Illumina said it was committed to re-acquiring Grail. Starting today, 25 June, Grail will begin trading the “regular way” under its own Nasdaq ticker, GRAL, as an independent…

Shiba Inu‘s (CRYPTO: SHIB) burn rate and whale transactions count spiked on early Tuesday morning, with traders predicting bullish price action ahead. What Happened: Shibburn data shows the burn rate increasing by 6,018.2% in the last 24 hours, with 10.2 million coins burned in total. On Monday evening, 5.6 million and 3 million coins were…

The U.S. stocks could be primed for another mixed session on Tuesday, with techs looking poised for a bounce back from the previous session’s losses. Nvidia Corp. (NASDAQ:NVDA) could lead from the front, with the stock climbing over 2% in the premarket. The spotlight is likely to be on a couple of speeches by Federal…