The US tech sector has had a torrid time of late. Ever since Broadcom issued some disappointing forward guidance, along with a solid, consensus-beating first-quarter result, tech stocks have been on the back foot. Then, just as investors were starting to ask if the US non-farm payroll release was still the most important monthly data
SpaceX (SPCX) shares begin trading today, June 12, a day after the company priced its initial public offering, in what is set to become one of the largest stock market debuts in history. The Elon Musk-led company is looking to raise $75 billion in the offering, valuing the business at $1.75 trillion — a figure
Why Did Strategy Sell Bitcoin? Michael Saylor, executive chairman of Strategy, defended the company’s recent Bitcoin sale, arguing that Bitcoin treasury companies must retain the ability to sell holdings when needed to support credit products backed by their balance sheets. Strategy disclosed the sale of 32 BTC in a June 1 filing with the U.S.
Why Did Zcash Run An AI Security Audit? Zcash founder Zooko Wilcox said an artificial intelligence security audit found no serious vulnerabilities in the privacy-focused cryptocurrency’s protocol, days after developers fixed a bug in its Orchard shielded pool. The audit was requested by Shielded Labs, a Swiss-based non-profit supporting Zcash development, and conducted using Anthropic’s
Why Did Bitcoin ETF Inflows Return on Friday? U.S. spot bitcoin ETFs drew $85.8 million in net inflows on Friday, ending a five-session run of withdrawals and giving the market its first positive daily print after a week of steady redemptions. The rebound was led by BlackRock’s IBIT, which added $57.7 million, followed by Fidelity’s
Why Is Quantum Risk Becoming A Bitcoin Governance Issue? Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain has estimated that roughly 7 million bitcoin sit in addresses exposed to a future quantum attack, turning a long-running technical concern into a larger governance question for the bitcoin community. The report does not argue that bitcoin
Why Did Decentralized AI Tokens Jump? Tokens tied to decentralized AI projects Venice and Morpheus rose after the U.S. government ordered Anthropic to restrict foreign-national access to its newest AI models, giving crypto-linked AI projects a fresh opening to argue for systems that are harder for governments to switch off. Venice’s VVV token climbed about
SpaceX (SPCX) shares begin trading today, June 12, a day after the company priced its initial public offering, in what is set to become one of the largest stock market debuts in history. The Elon Musk-led company is looking to raise $75 billion in the offering, valuing the business at $1.75 trillion — a figure
Nebius and CoreWeave stocks pulled back in the past few days as investors book profits and as their short interest jumps. CRWV stock retreated to $95, down by 32% from its highest point in May. Similarly, NBIS stock has dropped by nearly 20% from the year-to-date high. Nebius and CoreWeave growth is accelerating Neoclouds have
Figma stock price has come under intense pressure this year and is now hovering at its all-time low amid the rising concerns about its revenue growth in this artificial intelligence (AI) era. After peaking at $143 following its IPO last year, the stock has plunged to $19 today, with its market cap falling from $60