Tag: Stocks

Bitcoin slides to $85K as global selloff sweeps stocks, tech, and gold

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Bitcoin fell more than 4% to around $85K as a broad risk-off move swept global markets, with the leading digital asset dropping alongside equities, tech stocks, and gold. The S&P 500 declined over 1% while the Nasdaq slid more than 1.8%, with US equities opening sharply lower following a steep drop in Microsoft shares. Microsoft fell about 11% after its earnings report, dragging the broader technology sector lower. Tesla dropped around 2%, Google slipped roughly 2.5%, and Nvidia fell about 1.5%. The selloff extended beyond equities. Gold, which topped $5,500…

US stocks fall early as Microsoft selloff drags indexes lower

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Big Tech weighs on US stocks despite earnings beats, putting pressure on Apple ahead of results. US equities fell shortly after the opening bell today, with the S&P 500 down about 0.8% as a sharp selloff in Microsoft weighed on major indexes. Microsoft shares dropped more than 11% in early trading, marking their steepest intraday decline since March 2020. The selloff followed Microsoft’s fiscal second-quarter earnings report released after the bell on Wednesday. The company beat Wall Street estimates on both revenue and profit, with cloud revenue surpassing $50 billion…

Top Bitcoin Mining Stocks Soar Over US Winter Storm Hashrate Decline

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Bitcoin mining stocks saw a significant bump on Wednesday after the US winter storm forced some companies to wind down operations, leading to lower block competition and more profitable mining operations. Shares of several major mining companies posted double-digit gains over the past 24 hours. TeraWulf rose about 11%, Iren Limited gained roughly 14%, and Cipher Mining climbed around 13%, according to data from Barchart. The rally occurred days after the Bitcoin network’s hashrate sank to a seven-month low of 663 exahashes per second (EH/s) on Sunday, a 40% drop…

ARK Invest Buys Coinbase, Circle and Bullish as Crypto Stocks Slide

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Cathie Wood’s ARK Invest has increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle and Bullish as prices slid across the sector. According to ARK’s daily trade disclosures for Friday, the ARK Innovation ETF (ARKK) purchased 38,854 shares of Coinbase Global Inc., while the ARK Fintech Innovation ETF (ARKF) added another 3,325 shares, acquiring a total of  $9.4 million worth of the exchange shares. Coinbase shares closed down 2.77% on the day at $216.95. ARK added a combined 129,446 shares of Circle Internet Group across ARKK and ARKF,…

Netherlands Plans Unrealized Gains Tax on Stocks and Crypto

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The Netherlands plans to tax unrealized capital gains on a range of investments, including stocks, bonds and cryptocurrencies, sparking warnings of capital flight. A majority of lawmakers in the Dutch parliament appear ready to back changes to the country’s Box 3 asset tax regime, which would require investors to pay annual tax on both realized and unrealized gains, even if assets have not been sold, NL Times reported on Tuesday. The plan follows court rulings that struck down the existing system for relying on assumed, rather than actual, returns. The…

Bitcoin, stocks rally after Trump halts Greenland tariffs

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Bitcoin reclaimed $90,000 on Wednesday afternoon after President Donald Trump backed away from threats of imposing tariffs on several European countries over the Greenland issue. The leading digital asset had fallen to $87,300 by midday after Trump delivered his speech at the World Economic Forum in Davos, according to CoinGecko. In his remarks, Trump said Washington was seeking immediate negotiations to acquire Greenland but emphasized that military force would not be used. Market concerns were reignited over the weekend after Trump signaled plans to impose 10% tariffs starting Feb. 1…

Ondo Finance launches tokenized US stocks and ETFs on Solana

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The integration of tokenized stocks on Solana could revolutionize blockchain finance, enhancing accessibility and liquidity for global investors. Ondo Finance has launched Ondo Global Markets on Solana, introducing hundreds of tokenized stocks and ETFs to the blockchain’s 3.2 million daily users, according to a Wednesday announcement. Built to bring traditional public securities onto the blockchain, Ondo Global Markets enables investors to buy, sell, and trade over 200 tokenized US stocks and ETFs, with crypto rails enabling fast, secure, and scalable transactions. After debuting on Ethereum and expanding to BNB Chain,…

Bitpanda Adds 10,000 Stocks and ETFs to All-In-One Platform

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Bitpanda is expanding beyond digital assets as it moves to offer stocks and exchange-traded funds (ETFs) on the same platform, advancing its push toward what it calls a universal exchange model. Beginning Jan. 29, the Vienna-based crypto exchange will open access to about 10,000 stocks and ETFs, according to a Tuesday announcement shared with Cointelegraph. Bitpanda said the move will allow users to trade traditional financial products alongside cryptocurrencies within a single app. The company said trades in stocks and ETFs will be priced at a flat fee of 1…

NYSE Develops Tokenized Stocks Platform With 24-Hour Trading

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The New York Stock Exchange is developing a new platform to trade tokenized stocks and exchange-traded funds (ETFs), part of a broader effort to modernize market infrastructure using blockchain-based settlement. On Monday, the NYSE and its parent company, the Intercontinental Exchange (ICE), announced the development of a new platform with 24/7 trading and instant settlement, combining the company’s Pillar matching engine with blockchain-based post-trade systems, including multi-chain support for custody and settlement. Subject to regulatory approval, the platform is intended to underpin a new NYSE trading venue for tokenized securities,…

Silver gains over $3.9 trillion in market cap in 12 months, eclipsing stocks, crypto, and gold

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Key Takeaways Silver adds over $3.9 trillion in market cap over the past 12 months, outperforming stocks, crypto, and gold. Silver trades near record highs around $93 after rally pushes total market value above $5 trillion. Share this article Silver has added more than $3.9 trillion in market capitalization over the past 12 months, surging nearly 200% and sharply outperforming major risk assets. The rally has eclipsed gains in other precious metals such as Gold, which has risen about 70% over the same period, as well as equities and crypto.…