Bitcoin lows pierce $63K as Asia chip-stock crash spreads to Wall Street
Bitcoin and crypto dropped as contagion from a major Asia stock-market correction spreads to the US at the Wall Street open.
Finance
Financial Sector ETF Hits Record High on Fintech Gains
Shares of the State Street Financial Select Sector SPDR ETF (XLF) touched a fresh all-time high Tuesday. That gain is part of a broader shift in the market. Money has moved out of high-flying tech names and into more tr…
Teacher Arrested for Clapping at AI Data Center Public Hearing
A Kansas high school physics teacher was arrested and carried out of a city commission meeting after expressing support for opponents of a proposed AI data center, according to a report by local broadcaster KWCH.
SOL Price Eyes Breakout as Morgan Stanley Launches Solana ETP
Morgan Stanley launched the staked MSOL ETP on NYSE Arca within its $14B product suite.
Japanese Yen holds as markets await Tokyo inflation data
USD/JPY trades slightly higher near the 163.80 area on Tuesday, remaining close to multi-decade highs as the Japanese Yen (JPY) struggles to attract demand. Softer United States (US) consumer confidence data limited the…
The Euro is not rallying, the British Pound Sterling is being demoted
The Euro is on track for its eighth gain in nine sessions against the Pound, and the explanation that would normally cover a run of that length is not available. Bank Rate sits 150 basis points above the European Centra…
Galaxy, MARA Holdings deepen Texas expansion with land acquisitions
Crypto companies continued to expand their physical footprint in Texas, with Galaxy Digital and MARA Holdings announcing separate land acquisitions tied to AI, high-performance computing (HPC) and Bitcoin mining infrast…
Why the Bitcoin Rally Seems More Like a Bull Trap
South Korea's KOSPI index fell more than 8% at the open and triggered a circuit breaker, sending a risk-off shockwave through global markets before New York traders had finished their coffee. Bitcoin's response was fast…
Ondo drops tokenized asset blockchain plans for private, high-speed trading network
Dubbed Ondo Network, the system marks a shift from the company's February 2025 vision for Ondo Chain, a blockchain for institutional finance and tokenized real-world assets. After building its new perpetual futures plat…
XRP Price Slides as Senate Drops Clarity Act and Fed Decision Looms
The global macro backdrop is as unfavorable as it's been all year for crypto markets.
Morgan Stanley expands crypto lineup with Ether, Solana ETPs
Morgan Stanley Investment Management has launched Ether and Solana exchange-traded products, expanding its fund lineup beyond Bitcoin.
ZEC Price Climbs After Zcash Ironwood Upgrade Goes Live
The post ZEC Price Climbs After Zcash Ironwood Upgrade Goes Live appeared first on Coinpedia Fintech News
Corning plunges despite strong quarterly results — here's our plan for the stock
IBM (IBM) CEO Arvind Krishna kicked off the company's earnings call by acknowledging the shock warning a week ago that upended what had been a successful tech turnaround story.
Core Scientific revenue doubles in Q2 as AI colocation expansion accelerates
Core Scientific reported strong second-quarter revenue growth as AI colocation became its largest business, though a non-cash accounting charge resulted in a $1.15 billion net loss.
Forex Today: US Dollar eases ahead of Fed as Oil and Gold extend losses
The US Dollar (USD) trades slightly lower on Tuesday as investors reduce some exposure ahead of Wednesday’s Federal Reserve (Fed) monetary policy announcement. The Greenback remains close to its recent monthly high, how…
First ChatGPT, Now Claude: Frontier AI Models Are Escaping Their Sandboxes
Just a week after OpenAI disclosed that two frontier AI models escaped a sandboxed testing environment and breached Hugging Face, researchers have demonstrated a similar containment failure involving Anthropic's Claude …
NVIDIA’s AI Defense Alliance Emerges as AI Risks Draw Skynet Comparisons
The post NVIDIA’s AI Defense Alliance Emerges as AI Risks Draw Skynet Comparisons appeared first on Coinpedia Fintech News
Zcash Activates Ironwood Upgrade After Counterfeiting Scare
Weeks after a critical vulnerability sparked a market rout and raised questions about Zcash's supply, the privacy-focused cryptocurrency has activated Ironwood, an upgrade designed to ensure any counterfeit coins can ne…
Swiss Re sees rising insurance demand from France and Spain fires
When the opportunity arose to return to the UK and lead Swiss Re’s UK&I business as CEO in January 2022, it represented a natural next step for Jason Richards (pictured). With 25 years’ experience at the global reinsura…
'Anything remotely dovish' from Fed could be good for bitcoin, says analyst
Markets are split on whether the Federal Reserve will hike rates or stay on hold on Wednesday, but analysts say bitcoin
Ethereum startup EthSystems bets privacy is key to getting banks on public blockchains
EthSystems, a startup spun out of the Ethereum Foundation earlier this month, is betting that privacy, not scalability, is the biggest obstacle preventing institutions from moving financial activity onto public blockcha…
The Dumbest-Looking AI Prompt Just Beat Months of Careful Game-Design Prompt Engineering
Just two days after Claude Opus 5 shipped, AI investor and former HyperWrite CEO Matt Shumer posted a video of a fully playable first-person shooter the model had built entirely on its own.
The chip rout is funding the Dow Jones Industrial Average's record chase
The Dow Jones Industrial Average trades just short of 52,900 on Tuesday, higher by close to 700 points and 1.3%, roughly 450 points beneath the record it set in the first week of July. Taken alone, that reads as a broad…
Why SPMO Stands Out in a Strong Momentum Year
Momentum has emerged as one of the strongest-performing equity factors this year. As investors continue rewarding companies with sustained relative strength despite persistent macroeconomic uncertainty, ETFs such as the…