AI chipmaker Cerebras down 11% after first public earnings report
While revenue was up 92% from year-ago levels, the company forecasted a lower core gross margin next quarter.
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Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
The app would let users forecast future events using a points-based system rather than cash wagers, the report said, citing people familiar with the matter.
BlackRock says AI is taking ‘oxygen away’ from Bitcoin
Robbie Mitchnick, the head of digital assets at BlackRock Inc. (NYSE: BLK), has warned that the Artificial Intelligence (AI) boom … Continue reading
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BNY sees ‘FOMO’ driving asset managers into tokenized funds
Fund issuers are exploring blockchain-based ETFs amid fears of missing an early foothold in tokenized finance.
Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time.
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization’s ongoing turmoil.
Wall Street analyst updates Microsoft stock price target
A Wall Street analyst has reaffirmed a cautious stance on Microsoft (NASDAQ: MSFT), maintaining a $415 price target despite the … Continue reading
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Bitcoin’s recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank
Bitcoin’s slump to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.
SpaceX stock sell-off wipes out gains for late IPO buyers
Following the explosive initial rally, SpaceX (NASDAQ: SPCX) stock plunged 21.88% in the last week of trading and erased all … Continue reading
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Analysts set Micron stock price target
Bank of America (BofA) upgraded its Micron (NASDAQ: MU) stock price target from $950 to $1,500 on June 23 as … Continue reading
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