A recovery in software stocks accelerated on Monday after Nvidia chief executive Jensen Huang pushed back against concerns that artificial intelligence could undermine the software industry. The comments provided a fresh tailwind to a sector that had already begun rebounding as investors bought the dip following months of heavy selling. ServiceNow (NOW) rose 10% in
CoreWeave (NASDAQ: CRWV) stock price jumped to $120, its highest point since May 8, as investors cheered the latest news from Taiwan, where Nvidia launched several products. CRWV has soared by nearly 82% from its lowest point this year. It has formed a double-bottom pattern, pointing to more gains. CoreWeave stock jumps as it validates
Arm Holdings has named ByteDance and Oracle as customers for its artificial intelligence data centre chips, marking a notable disclosure for the UK-based chip designer as it seeks a larger role in the infrastructure powering AI workloads. Chief Executive Officer Rene Haas identified the two companies during an appearance at Computex in Taipei on June
SpaceX is just days away from making stock market history. Elon Musk’s rocket, satellite, and artificial intelligence company is expected to begin trading on Nasdaq on June 12 after pricing its initial public offering the day before. With a targeted fundraise of $75 billion and a valuation approaching $1.8 trillion, the offering is set to
Why Is HTX Delisting USD1? Crypto exchange HTX will delist World Liberty Financial’s USD1 stablecoin and convert eligible user holdings into Tether’s USDT at a 1:1 ratio after a dispute over frozen onchain addresses linked to the exchange. The delisting is scheduled to take effect at 3:00 UTC on June 7. HTX had already suspended
Why Is Hyperion DeFi Ending Its HYPE Deployment Deals? Hyperion DeFi is unwinding two major HYPE token deployment agreements after the planned sunset of USDH, the bespoke stablecoin built for the Hyperliquid ecosystem. The Dallas-based company, which is publicly listed in the US under the ticker HYPD, said in a Friday 8-K filing that it
What Did Travala Launch? Singapore-based crypto travel platform Travala has launched a protocol that lets artificial intelligence agents search, reserve, and pay for hotels using USDC on Base, extending stablecoin payment infrastructure into travel bookings. The Travala Travel MCP is live through Claude Desktop, with outside developers able to integrate it into their own travel
Why Does The Bitnomial Listing Matter For TRX? TRX, the native utility token of the TRON network, has been listed for spot trading on Bitnomial, a CFTC-regulated U.S. exchange and clearinghouse. The listing gives U.S. market participants another regulated venue to access TRX at a time when digital asset firms are seeking clearer routes into
Why Are Crypto Treasury Firms Under Pressure? The digital asset treasury trade is facing its sharpest test after 2 years of rapid growth across public markets. Dozens of listed companies adopted strategies built around accumulating crypto assets, including bitcoin, ether, Solana, Zcash, and Hyperliquid’s HYPE token. The model worked while token prices were rising and
Why Did the Lubin-Linked Wallet Move 110,000 ETH? A wallet linked to Ethereum co-founder Joseph Lubin moved 110,000 ETH worth roughly $170 million on Saturday after years of limited activity, with the funds supplied as additional collateral to Sky vaults as ether traded below $1,600. The wallet transferred the ETH across 3 large transactions to