Stellantis and Mercedes announced on Wednesday they would withdraw their full-year financial guidance for 2025, becoming the latest companies to cut or pull earnings forecasts in recent weeks as they cite market uncertainty aggravated by President Donald Trump’s tariffs. April 30Stellantis suspended its full-year financial guidance for the 2025 fiscal year because of “tariff-related uncertainties,” … Read more
Today at the Token2049 conference in Dubai, Robert Mitchnick, BlackRock’s Head of Digital Assets, shed some insight that capital is once again flowing robustly into spot Bitcoin ETFs — but with a notable shift in who is investing. “The flows are back in a big way,” Mitchnick declared during a panel discussion alongside VanEck CEO … Read more
Key takeaways: Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles. ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally. The MVRV Z-Score has entered the accumulation zone, signaling undervaluation. Ethereum’s native token, Ether (ETH), is flashing a combination of … Read more
Renewed buying interest prompted the US Dollar to add to Tuesday’s gains, always on the back of alleviating concerns over US-China trade effervescence and investors’ assessment of weaker-than-expected US data releases. Most markets will be closed on May 1 due to the Labour Day holiday. Here is what you need to know on Thursday, May … Read more
Binance co-founder Changpeng “CZ” Zhao wants to provide free education for up to a billion children worldwide with his Giggle Academy venture, he told an audience at Token2049 in Dubai, United Arab Emirates (UAE). “In a few years, I think, I want to teach 100 million or 1 billion kids for free,” Zhao told the … Read more
This is the fourth article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown. OP_VAULT, put forward by James O’Beirne in BIP 345 (with Greg Sanders added later as a co-author), is a covenant designed to implement vaults. It depends additionally on CTV (or … Read more
Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there to 132 megawatts and surpassing 500 megawatts globally across five countries. Development of New Site to Be Conducted in Stages The Abu Dhabi-based bitcoin miner, Phoenix Group, has secured an additional 52 megawatts (MW) of … Read more
The Cardano price remained under pressure this week, erasing some of the gains made last week when it rose to its monthly high. Cardano (ADA) retreated for the second consecutive day, reaching a low of $0.670. It has dropped by almost 10% from its highest level this week. A potential catalyst for Cardano is that … Read more
In brief Eric Trump criticized traditional banking as “broken, slow and expensive,” warning banks they’ll become extinct in 10 years if they don’t embrace cryptocurrency. Trump highlighted the inefficiencies of current banking systems, including limited hours, long settlement times, and excessive delays for services like mortgages. The Trump family is expanding into cryptocurrency ventures, with … Read more
Key takeaways: Bitcoin’s price increased by sixfold each time its age increased by 40%. If the pattern holds, Bitcoin could rally to $351,046 in 2025. New data highlights a historical pattern that results in Bitcoin (BTC) price increasing by sixfold. Using a logarithmic chart to illustrate the trend from 2011, the model projects BTC price … Read more