DraftKings’ expensive bet on prediction markets is crushing its stock
Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition. Source：MarketWatch
U.S. prediction markets regulator issues demand that clashes directly with courts
The Commodity Futures Trading Commission said regulated exchanges can't cut off customers statebystate, but firms like Kalshi are under court orders to do so.…
These three stars need to align before investors rush back into stocks, Bank of America strategist says
Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks,…
The crypto industry has found new ways to grow. Making money from them is another story
Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how hard it is to escape…
U.S. added 165,000 jobs in October, blowing past 65,000 estimate
The unemployment rate unexpectedly fell to 4.1%. The strong showing surely puts a December rate hike in play, but next week's inflation numbers and the fate of…
Bitcoin steadies after AI-led selloff as eyes turn to latest U.S. jobs figures
Bitcoin bounced from around $75,200 after Thursday’s AIled selloff, which drove more than $1 billion in liquidations, as traders await the U.S. jobs report.…
Bitcoin holds $75K as AI regulation fears see KOSPI halted after 8% crash
Bitcoin consolidated as fears over US AI regulation spread to Asia, causing South Korea to announce measures to calm stockmarket volatility.…
Bitcoin recovers $76,000 level as ETFs shed $430 million after tech rout
Bitcoin recovered above $76,000 Friday after dropping below that level during Thursday's techdriven market rout. Source：CoinDesk
Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full'
The postelection rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.…
Bitcoin crashes 6% to 7-week low as US stocks erase election gains
Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap selloff, reversing postelection gains. Source：Cointelegraph
Bitcoin miners are oversold following 35% October rout, VanEck says
Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade. Source：CoinDesk
Bitcoin holds above $80,000 after Wednesday’s jump as injective rallies on staked ETF listing
Bitcoin slipped 0.2% to around $80,250 since midnight UTC, holding above $80,000 after Wednesday’s jump, as spot ETFs ended a threeday outflow streak.…