The bull market has survived Trump’s tariff onslaught. But stocks aren’t out of the woods just yet.
For a few tense days last month, it looked like a roaring bull market for U.S. stocks was coming to an end after an impressive 2½ year run.
Varyante
ZKsync X hacker posts false SEC probe in apparent effort to crash token
The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. A ZKsync-related X account posted on May 13, confirming the accounts for ZKsync and Matter Labs were compromised, warning users not to interact after the accounts shared links to a fake airdrop in an apparent phishing scam.Other X users had warned the ZKsync X account was compr
Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down
Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM).The acquisition, which is subject to customary closing conditions and regulatory approval, will integrate the Mountain Protocol team, tech stack and licensing framework into Anchorage’s existing offerings, Anchorage said in a May 12 statement.While terms of the deal weren’t disc
Under new GOP bill, multimillionaires could dodge the 39.6% tax rate floated by Trump
The multimillionaires who were in President Donald Trump’s sights for a possible tax hike can breathe a little easier. A high-end income-tax rate of 39.6% for multimillionaires didn’t make the cut — so far — in a tax bill coming together in the U.S. House of Representatives.
Dogecoin traders predict 180% DOGE price rally if Bitcoin gains continue
Key Takeaways:Dogecoin's 38% surge reflects strong market demand, with spot-buyer volumes taking charge since March. A bullish MACD crossover has traders predicting a 180% rally, with targets at $0.65 and $1.Dogecoin's (DOGE) price rallied in lockstep with Ethereum over the past 7 days, gaining 38% in May, which is its strongest monthly performance this year. According to CoinGecko, DOGE recorded $4.7 billion in trading volume over the past 24 hours, ranking fifth among the top cryptocurrencies
Consumer prices likely rebounded in April as higher tariffs began to bite
Consumer prices likely rebounded in April as the first bite to Americans’ pocketbooks started to hit, economists say.
If you survived the past few weeks of stock-market turmoil, should you now rethink your portfolio?
Advisers say now is a good time to gauge your appetite for risk.
Curve Finance warns its DNS has been hijacked again
Update May 13, 12:33 am UTC: This article has been updated to include more information from Curve Finance. Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website. In the second attack on its infrastructure in a week, the “curve.fi DNS might be hijacked. Don’t interact!” the team said in a May 12 warning to X.In a follow-up post to a user asking whether it was a
Before you back up the truck for stocks, know that big rallies happen more in bear markets
Why you shouldn’t assume the stock market’s surge means the bulls are back.
Coinbase’s stock pops as the crypto exchange will join the S&P 500 index next Monday
Coinbase shares rocket higher in the extended session after ending the regular trading day up 4%.
Topgolf Callaway wants to focus on golf equipment, but expects more competition there
Shares of Topgolf Callaway Brands Corp. slipped after hours on Monday after the parent of Topgolf and Callaway-brand golf clubs warned of weaker sales at the driving-range chain and more competition in golf equipment, although it said first-quarter trends were solid, marked by a surprise adjusted profit.
DeFi lender Aave reaches $40B in value locked onchain
Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL. Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers.&n
Why dividend-stock investors can breathe easier after Trump’s China tariff truce
Trump avoids repeating Herbert Hoover’s Smoot-Hawley tariff mistake, which led to companies slashing dividend payouts.
Top TRUMP whales hold $174M in tokens ahead of dinner with US president
The list of the top holders of US President Donald Trump’s memecoin has been finalized ahead of background checks to apply for a dinner and “VIP tour” with the president on May 22.In a May 12 X post, the TRUMP memecoin project said it would stop considering additional purchases for a dinner with the president, adding that the top tokenholders had been notified to apply for background checks if they wanted to attend. According to data provided on the project’s leaderboard,
The stock market is really going to love those U.S. tariffs on China
The Trump administration is serious about using tariffs to generate revenue that funds tax cuts.
Coinbase to become the first crypto firm to join the S&P 500
Crypto exchange Coinbase Global (COIN) is set to join the Standard and Poor’s 500 (S&P 500) on May 19, becoming the first and currently only crypto firm to make it into the index. The crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial Corp (COF), S&P Global said on May 12.S&P Global’s confirmation of Coinbase Global being inserted into the S&P 500. S&P GlobalThe S&P 500 is a stock market index t
These 10 tech stocks could benefit most from softening U.S.-China tariffs
While investors will be more positive on the sector overall, Apple and Dell are among the tech companies that could see particular relief from recent developments.
Bitcoin profit taking at $106K the first stop before new all-time BTC price highs
Key Takeaways:Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000.A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. Bitcoin (BTC) price reached an intraday high of $105,800 on May 12 but posted a 3% dip to $101,400 during the New York trading session. On the lower-time frame (LTF) chart, BTC oscillated between an ascending ch
US prosecutors recommend 2 years for SEC hacker
The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account.In a May 12 filing in the US District Court for the District of Columbia, prosecutors recommended Judge Amy Berman Jackson sentence Council to two years in prison for his role in posting a message to the social media platf
Fidelity users report technical issues trying to check their accounts after U.S.-China trade deal sends stocks surging
“You guys lost me as a customer today,” one person posted on social media amid widespread issues on Monday.