US Stocks Close Mixed, Nasdaq Falls 1.15%
U.S. stocks closed mixed on June 17, with the Nasdaq Composite falling 1.15% to 26,376.34. The Dow Jones Industrial Average rose 0.64% to 52,002.94, while the S&P 500 fell 0.56% to 7,512.15.
7 hours ago
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Coinbase Unveils Push to Become Full-Service Finance Platform Across Stocks, Derivatives and AI
Coinbase has outlined a strategy to expand beyond its crypto exchange roots and become a broader financial platform spanning stocks, derivatives, artificial intelligence and consumer finance. CoinDesk reported on June 16 that Coinbase plans to offer
7 hours agoProposed $300 Billion Private Investment Fund Would Back Iran Economy
Reuters reported on June 16 that a preliminary agreement between the US and Iran includes a plan to create a $300 billion private investment fund to support Iran’s economy. The fund would launch only after the US and Iran sign a final agreement, and
8 hours agoIran Says U.S. Talks to Start the Day MOU Is Signed
Iran said it will begin follow-up talks with the U.S. on a final agreement immediately after the two sides sign a memorandum of understanding, or MOU. Walter Bloomberg reported on June 16 that Iran’s foreign minister said negotiations between Washing
8 hours agoRootstock Labs Says DeFi Liquidity Drop Is Pushing Bitcoin DeFi Toward Institutions, Long-Term Holders
Rootstock Labs, the investment arm of Bitcoin layer-2 project Rootstock, says the recent downturn in decentralized finance is reshaping the core customer base for Bitcoin DeFi projects. Richard Green, director of institutional and ecosystem at Rootst
9 hours agoUS Intelligence Says Iran Still Able to Reimpose Strait of Hormuz Blockade
US intelligence agencies assess that Iran still retains the military capability to shut down the Strait of Hormuz again. Walter Bloomberg reported on June 16 that US intelligence believes Iran demonstrated during the recent conflict that it can block
10 hours agoNearly Half of Circulating Bitcoin Is Underwater, Signaling Market May Not Have Bottomed
Nearly half of the Bitcoin currently in circulation is being held at a loss. Crypto trading platform CEX.IO said June 16 that about 10 million BTC was trading below its purchase price, equivalent to roughly half of the circulating supply. Bitcoin has
10 hours agoUS Stocks Turn Mixed; Nasdaq Falls 0.42%
The three major US stock indexes were mixed. As of 1:37 a.m. on June 17, the Nasdaq Composite had fallen 0.42% from the previous close to 26,572.13. The Dow Jones Industrial Average was up 0.94% at 52,155.90, while the S&P 500 was down 0.19% at 7,540
11 hours agoEthereum’s ‘Glamsterdam’ Upgrade Enters Final Development Stretch
Development of Ethereum’s next major upgrade, known as “Glamsterdam,” has entered its final stage, CoinDesk reported on June 16. The Ethereum developer community is conducting fork-based tests to validate the protocol changes planned for the Glamster
11 hours agoEthereum Enters Key Resistance Zone That Could Determine Whether Rebound Continues
Ethereum has extended its recent rebound and entered a key resistance area that could determine its next move, CryptoPotato reported. The cryptocurrency news outlet said on June 16 that ETH remains inside a descending channel on the daily chart and h
11 hours agoBlackRock CIO Rick Rieder Says Bitcoin Will Rise Long Term Despite Volatility
Rick Rieder, BlackRock’s chief investment officer, said he remains positive on Bitcoin’s long-term outlook despite the recent correction. In an interview with Bloomberg on June 16, Rieder said market volatility is clearly elevated, but BlackRock is m
9 hours agoWSJ Says US-Iran Deal Includes Immediate Approval for Iranian Oil Sales
The Wall Street Journal reported that a U.S.-Iran agreement includes a provision allowing Iran to sell oil immediately. The newspaper reported on June 16 that the deal between Washington and Tehran includes steps to resume Iranian oil exports and per
11 hours agoMantra to Be Acquired by Existing Investor Inveniam Capital Partners
Real-world asset-focused Layer 1 blockchain Mantra (OM) will be acquired by existing investor Inveniam Capital Partners. The Block reported on June 16 that the companies have signed an acquisition agreement, with the deal expected to close in the thi
11 hours agoSEC Chair Atkins Says CFTC Has Capacity to Oversee Prediction Markets
Paul Atkins, chair of the U.S. Securities and Exchange Commission, brushed aside concerns about whether the Commodity Futures Trading Commission has the resources to oversee prediction markets. In an interview with CNBC, Atkins said CFTC Commissioner
12 hours agoIran Parliament Speaker Says War Must End on All Fronts, Including Lebanon
Mohammad Bagher Qalibaf, speaker of Iran’s parliament, said military conflict must end across the Middle East, including in Lebanon. Walter Bloomberg reported on June 16 that Qalibaf made the remark during a call with Lebanese Parliament Speaker Nabi
12 hours agoUS Stocks Close Higher; Nasdaq Rallies 3.07%
The three major US stock indexes closed higher on June 16. The Nasdaq Composite rose 3.07% from the previous session to 26,683.94. The Dow Jones Industrial Average gained 0.92% to 51,671.83, while the S&P 500 advanced 1.65% to 7,553.96.
1 days agoStrategy’s Bitcoin per Share Falls Despite Additional BTC Purchase
Strategy (MSTR) bought more Bitcoin, but its Bitcoin holdings on a per-share basis fell after the company increased its share count. CryptoSlate reported on June 15 that Strategy issued 1.7 million new common shares last week to help fund Bitcoin pur
1 days agoUS Stocks Rise; Nasdaq Gains 2.98%
The three major US stock indexes were trading higher. The Nasdaq Composite rose 2.98% to 26,659.69 as of 3:29 a.m. on June 16 from the previous session. The Dow Jones Industrial Average gained 1.19% to 51,812.62, while the S&P 500 advanced 1.75% to 7
1 days agoBofA Backs TeraWulf’s Shift From Bitcoin Mining to AI Data Centers
Bank of America gave a positive assessment of Bitcoin miner TeraWulf’s shift into AI data centers. Crypto media outlet Binance reported on June 15 that BofA laid out its view on TeraWulf in a report titled “Bye Bye Bitcoin, Hello AI Data Centers.” Mi
1 days agoTrezor CCO Says Rising Bitcoin ETF Reliance Could Hurt Crypto Industry
Danny Sanders, chief customer officer at crypto hardware wallet maker Trezor, said growing reliance on exchange-traded funds among Bitcoin (BTC) investors could harm the crypto industry. The Block reported on June 15 that Sanders told a Bitcoin event
1 days agoBenchmark Says Crypto Industry May Benefit Most if SEC Scraps Equity Market Rules
The cryptocurrency industry could be the biggest beneficiary if the US Securities and Exchange Commission moves to scrap equity market-structure rules, according to an analysis. The Block reported on June 15 that US investment bank Benchmark expects
1 days agoTrump Says No Iran Sanctions Relief Until Tehran Meets Obligations
President Donald Trump said any sanctions relief for Iran would come only after Tehran fulfills its obligations under the agreement. On June 15, Trump said there would be "no sanctions relief of any kind until Iran does what it has to do," Walter Blo
1 days agoTrump Says Strait of Hormuz Fully Reopened, Related Agreements Signed
President Donald Trump said the Strait of Hormuz has been fully reopened and that all related agreements have been signed. Walter Bloomberg reported on June 15 that Trump said, “The Strait of Hormuz was fully opened today,” adding that “all related a
1 days agoBitcoin Briefly Tops $67,000
Bitcoin briefly rose above $67,000. As of 12:57 a.m. on June 16, it was trading at $67,188.37 on Binance's Tether market, up 4.91% from a day earlier.
1 days agoUS, Iran Sign MOU; Details to Be Released Within 24 to 48 Hours
The US and Iran have completed signing a memorandum of understanding, according to a report. Walter Bloomberg reported on June 15 that President Donald Trump and Vice President JD Vance signed the US-Iran memorandum of understanding and that the spea
1 days agoPiCKBinance Controls More Than 60% of SpaceX Perpetual Futures Market
Crypto exchange Binance holds more than 60% of the SpaceX perpetual futures market, according to Walter Bloomberg. Walter Bloomberg reported on June 15 that Binance accounted for more than 60% of trading in SpaceX perpetual futures, making it the lea
1 days agoVance Says Iran Could Access Up to $300 Billion Reconstruction Fund if It Meets Nuclear Terms
U.S. Vice President JD Vance said Iran could gain access to a reconstruction fund of as much as $300 billion if it meets its nuclear-related obligations. Vance told Walter Bloomberg on June 15 that Iran could tap the $300 billion fund, backed by Gulf
1 days agoTrump Says Israel’s Beirut Strike Was Ill-Timed, Iran Deal Is Near
President Donald Trump called for restraint after Israel’s strike on Beirut, saying the attack would undermine ongoing Middle East peace talks. In a Truth Social post on June 14, Trump said “the attack on Beirut this morning should not have happened,
2 days agoPiCKIran Says No Final Deal With US Yet, Is Sending Terms Via Qatar
Iran said it has yet to reach a final agreement with the US, even as speculation builds that a deal between the two countries is close. Iran is relaying the terms it wants to the US through a Qatari negotiating team currently in Tehran, Fars, the cou
2 days agoIran Says US Agreed to Pause New Sanctions Until Final Deal
As US-Iran talks enter their final stage, Tehran said Washington agreed not to impose any new sanctions until a final agreement is signed. Walter Bloomberg reported on June 14 that a senior Iranian official said a draft memorandum of understanding wi
2 days ago