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Market Analysis

Brush fire in Nevada grows to over 10,500 acres

The Hawk Fire grew to more than 10,500 acres Saturday, threatening 1,000 homes and prompting expanded evacuation orders and warnings across northwest Reno and the North Valleys.

13 min read

BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions

Bitcoin’s price suddenly dipped to $75,500 after it failed to remain above $77,000 during the weekend. Most altcoins have followed suit, including the largest ones, which performed a lot better on Friday and Saturday.

2 min read

Stocks Settle Higher as Crude Oil Prices Stabilize

The S&P 500 Index ($SPX) (SPY) closed up by +0.43% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.33%. E-mini S&P futures (ESU26) ro…

8 min read

Franklin Templeton Wins SEC Staff Relief for Its $721M Onchain Fund

Franklin Templeton is preparing to put tokenized assets inside its conventional mutual funds and ETFs, Bloomberg reported on Thursday, eight days after SEC staff cleared the firm to hold its $721 million blockchain-base…

2 min read

The Gas Turbine Shortage Just Became AI’s Biggest Constraint

Order a heavy-duty gas turbine from GE Vernova today and it won't arrive until 2031. That's the company's actual production schedule, confirmed on its July 22 earnings call, and it's the fact sitting underneath every AI…

10 min read

CZ Reveals Why He Didn’t Use UAE Citizenship to Avoid US Charges

This week, Binance founder Changpeng Zhao (CZ) finally revealed why he chose to face US prosecutors during his AML violation case despite holding UAE citizenship that could have kept him from the grasp of US law enforce…

3 min read