A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.
ETH price crashed below $1,600 as a vulnerability in Zcash emerged and Bitcoin sold off below $60,000 for the first time in months.
“I generally withdraw money from my traditional 401(k) for projects, larger expenses and sometimes just to stay ahead on upcoming bills.”
“The AI trade is sucking the blood out of crypto,” one analyst notes.
The new additions beef up the IT sector’s presence within the benchmark index.
Stock investors may not love it — but bond investors already heavily engaged in funding the AI buildout are pleased.
Chip makers dominated the list of the day’s biggest losers among the S&P 500.
Investors are cooling on momentum stocks and considering the implications of a strong jobs report.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy90cmF2YWxhLWNyeXB0b2N1cnJlbmN5LnBuZw==.png" alt="Travala lets AI agents book hotels with USDC on Base" class="type:primaryImage"></p><p>Travala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9ldS1yZWd1bGF0aW9ucy1ldXJvcGUtbmV3LTMzLmpwZw==.jpg" alt="Crypto tax proposals weighed ahead of Tuesday House hearing" class="type:primaryImage"></p><p>Among the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.</p>
Bitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze?
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1rcmFrZW4tc2hha2Vkb3duLWRvZXNudC1tYWtpbmctc3Rha2luZy1hLXNlY3VyaXR5Mi5qcGc=.jpg" alt="Kraken offers SpaceX IPO access through xStocks" class="type:primaryImage"></p><p>Eligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company's highly anticipated public listing.</p>
The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.
Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
Pump.fun launched a new bounty platform where users started funding bizarre memecoin marketing stunts, including forehead tattoos, skydiving as a mascot and setting a vehicle on fire.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1taWNoYWVsLXNheWxvcjIuanBn.jpg" alt="Saylor says Bitcoin needs ‘disciplined expansion’ as analysts weigh demand reset" class="type:primaryImage"></p><p>Michael Saylor’s essay calls for Bitcoin to expand through banks, credit, securities and higher layers while preserving its base layer.</p>
Visa is testing private stablecoin settlement on Canton with Brale, exploring whether institutions can use blockchain without exposing sensitive transaction data.
This is the third whistleblower to come forward about alleged illegal activity by Trump’s Department of Government Efficiency.
Almost everything about this tax is bad, and it obscures something much better that we do need.
A new legislative proposal would create a bipartisan commission to strengthen the finances of Social Security and Medicare at a time when the programs are under pressure.