The Latest News
US CLARITY Act brings ‘major spike of euphoria’ to Bitcoin: Santiment
Santiment warned that the crypto market “typically” moves against crowd expectations, pointing to a recent rise in bullish sentiment driven by renewed momentum around the US CLARITY Act.
Bhutan ‘doesn’t recall’ selling any bitcoin, disputing widely-tracked $1 billion BTC drawdown
Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and trading firms. The country says it has not sold any.
US Market News
Indian Market News
Nabard pulls out bond issuance on weak demand
In a surprising turn of events, Nabard has pulled the plug on its scheduled bond sale this Friday, citing a lackluster response from investors. The rural development bank aimed to secure ₹7,000 crore but only attracted bids close to ₹3,030 crore. Analysts suggest that the borrowing costs would have ranged between 7.79% and 8.
Fuel hike not enough to offset all losses, oil stocks fall further
In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn’t compensate for the rising crude oil prices, leaving experts calling for further alterations in pricing. Investors are advised to hold tight until market indicators become more distinct. The persistent geopolitical climate is keeping oil prices robust, creating challenges for company profitability.
Mayday: Rupee breaches 96 wall, pulls back after RBI intervention
The Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices is a key factor in this decline. In response, government officials are prioritizing strategies to draw in foreign currency and consider various measures to reinforce the rupee.
Buyback alert! 4 stocks turning ex-record dates for share buybacks in next two weeks. Check details
description: Four companies: Onward Technologies, Garware Technical Fibres, CMS Info Systems and CyberTech Systems, will soon turn ex-record for share buybacks, offering premiums between 8% and 23% to shareholders.
Wall Street Week Ahead: Nvidia, retailer reports to shed light on AI boom, consumer spending
Stock markets are reaching new highs. Investors are watching for Nvidia’s earnings report this week. This will show the strength of the artificial intelligence boom. Retailers like Walmart will also report. Their results will reveal how consumers are spending amid rising prices. These reports will be crucial for the market’s direction.
OpenAI gives Greg Brockman more control in massive shake-up, Head of ChatGPT moved: Report
OpenAI has reorganized its leadership amid ongoing legal disputes with Elon Musk, giving Brockman’s control over product strategy.The company has also made various other changes
Crypto Market News
House committee leaders urge Trump to nominate CFTC members, citing CLARITY Act
The US Commodity Futures Trading Commission is currently headed by Chair Michael Selig, with no public statement from Donald Trump about fully staffing the five-member panel of commissioners.
Bitcoin Depot filing casts doubt on company’s future amid lawsuits
The crypto ATM company reported financial difficulties amid a changing regulatory environment and ongoing litigation, which have cost it millions of dollars.
ICE, CME press US regulators to ‘rein in’ Hyperliquid energy trading: Report
The Hyperliquid decentralized exchange allows anyone who stakes 500,000 HYPE tokens, valued at roughly $22.2 million, to deploy new markets.