BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June
BlackRock’s Bitcoin ETF shed $405.3 million on Monday as US spot Bitcoin funds opened November with nearly $399 million in net outflows. Source:Cointelegraph
Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
The user protection fund now sits below the $800 million level that Binance’s own rules say triggers a topup, and the exchange hasn’t said when it will refill…
Bitcoin miner Cipher posts $31 million profit as AI pivot begins
The company's revenue dropped 63% in the third quarter, while a $127 million accounting gain helped turn an operating loss into a reported profit.…
Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
ZEC tumbled nearly 10% and BNB fell under $700 as the Nasdaq 100 slid into a correction, dragging Asian stocks lower. Source:CoinDesk
Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation
The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices. Source:Cointelegraph
Here’s why Palantir’s stock is down despite a ‘bombastic’ quarter
A deceleration in U.S. commercial contract growth gave some Wall Street analysts pause despite Palantir’s earnings beat. Source:MarketWatch
Apple’s iPhone business is booming. Here’s why the stock is falling anyway.
Although iPhone demand remains strong, Apple faces a worsening memory crunch and a slowing services business. Source:MarketWatch
Nasdaq-100 tumbles into its third correction this year as AI worries mount
The “tech wreck” from October continues. Is a bear market next? Source:MarketWatch
Marvell and Lumentum shareholders unite in panning merger deal: ‘It’s a trash offer’
Shares of both companies fell Monday after Marvell said it reached an allstock agreement to buy Lumentum. Source:MarketWatch
Traders rushing into a leveraged ETF to make a bullish bet on the Nasdaq-100 just got burned
Some investors appeared a little too eager to buy the dip in technology stocks last month. Source:MarketWatch
Wall Street’s most hated stocks are faring far better than its favorites
The thrashing that Wall Street’s artificialintelligence darlings have taken over the past few months has led to an unusual situation in the U.S. stock market.…
The stock market has gone nowhere for the past 5 months. It’s now looking like a bargain.
The S&P 500’s forward pricetoearnings ratio is below its fiveyear and 10year averages. Source:MarketWatch