Crypto News

- The $1 Trillion Club's New Members Are Powering the AI Boom The surge in artificial intelligence has propelled several tech giants into the $1 trillion club, reshaping the market landscape. As AI technologies gain momentum, companies like Nvidia and Broadcom have seen significant boosts, aligning with industry trends and consumer demands. The rapid advancement in AI is not only influencing tech companies but also reshaping broader market dynamics. The integration of AI tools in various sectors has led to enhanced efficiency and increased productivity, further driving the economic value of these tech behemoths. This article has been published in yahoo.com via Yahoo News...

- The company reported a net loss of $394.1 million, or $1.49 per share, for the quarter ended March 31, compared to a profit of $65.6 million, or 24 cents per share, a year earlier. Analysts were expecting a profit of 27 cents ‌per share, according to estimates compiled by LSEG. CLARITY BY SUMMER END "On Clarity, we are ‌confident that the bill is going to head to markup this month, with a floor ‌vote to follow in early summer. All that translates to our ‌confidence that we're going to see a signed piece of legislation by the end of the summer," said Chief ‌Legal Officer Paul Grewal. "All of this timing follows from real ‌progress that we've seen a particular issue ‌of interest to many, which is the rewards question." The latest...

- Intel Stock Hits All-Time High After Preliminary Chip Deal With Apple Intel's stock is seeing a significant upward trend after the announcement of a preliminary chip deal with Apple. This move comes as Intel positions itself as a key player in AI chip manufacturing, hoping to regain market strength against competitors. This follows a series of strategic decisions by Intel to invest heavily in innovative technologies. Industry analysts speculate that this partnership could mark a turning point for Intel, providing a much-needed boost as it faces challenges in the semiconductor market. The collaboration with Apple, known for its high demand for cutting-edge technology, presents an opportunity for Intel to showcase its advanced...

- Coinbase stock drops as company posts second consecutive quarterly loss amid crypto slump Coinbase Global Inc. continues to face financial challenges as it reports its second consecutive quarterly loss, amid the ongoing downturn in the cryptocurrency market. The company, known as the largest cryptocurrency exchange in the U.S., sustained losses due to decreased trading volumes and diminished consumer interest in digital currencies. The company's financial report revealed a net loss for the quarter of $430 million, a stark contrast to the $771 million profit it recorded during the same period last year. This decline can be attributed to a significant drop in trading volume, which decreased by more than 50% year-over-year. Market...

- Cloudflare stock sinks as company slashes 20% of its workforce, citing AI Cloudflare recently announced a significant reduction in its workforce, cutting 20% of its employees. The company cited advancements in artificial intelligence as a key reason for this decision. The move comes as part of a broader strategy to streamline operations and focus on its core offerings. The layoffs are anticipated to impact a wide range of departments within the company. Cloudflare emphasized that this decision was not made lightly and is part of an effort to ensure long-term growth and sustainability. Impact on Cloudflare Stock Following the announcement, shares of Cloudflare saw a noticeable decline. Investors appeared concerned about the...

- Intel stock hits fourth straight record high as Apple report fuels chip rally Intel's stock climbed to a fourth consecutive record high on Tuesday after a report from The Wall Street Journal suggested that Apple and Intel have reached a preliminary agreement for chip production. This news sent waves through the tech sector, boosting other semiconductor stocks as well. Intel (INTC) shares rose as much as 2% following the report, highlighting how critical the chip manufacturing industry has become in the global technology supply chain. This potential collaboration would allow Apple (AAPL) to further diversify its chip suppliers while giving Intel a lucrative new business avenue, potentially impacting rivals like AMD and Broadcom...

- Bank of England's Bailey sees 'wrestle' with US on stablecoin regulation Bank of England Governor Andrew Bailey suggested tensions with the US could arise when deciding how to regulate stablecoins, a form of cryptocurrency pegged to traditional currencies. As global financial authorities grapple with the growing presence of digital currencies, different approaches to regulation could emerge. Stablecoins have become a focal point for regulators as their potential to become widely used raises questions over financial stability and monetary policy. Bailey emphasized the importance of ensuring that any regulatory framework protects against risks while allowing for innovation. "We're probably going to have quite a wrestling match...

- Coinbase CEO Brian Armstrong compares AI agents to self-driving cars, saying they could soon be 'safer than human drivers' “Crypto has a new catalyst, AI,” he said. David Hollerith covers the financial sector, ranging from the country's biggest banks to regional lenders, private equity firms, and the cryptocurrency space. Read the latest financial and business news from Yahoo Finance. This article has been published in finance.yahoo.com via Yahoo News. https://finance.yahoo.com/markets/article/coinbase-ceo-brian-armstrong-compares-ai-agents-to-self-driving-cars-saying-they-could-soon-be-safer-than-human-drivers-131006508.html

- Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option IREN's deal with Nvidia follows the company's November 2025 agreement with Microsoft for $9.7 billion in GPU cloud infrastructure powered by Nvidia GB300 GPUs at its Childress, Texas data center. That deal included a $5.8 billion purchase agreement with Dell Technologies for computing equipment. The scale of these deals underscores how AI infrastructure providers are becoming critical intermediaries between chip manufacturers and enterprise customers seeking dedicated compute capacity. With commitments now exceeding $15 billion across Nvidia and Microsoft partnerships, IREN has emerged as a major player in AI infrastructure deployment...

- Stock Market Today: Dow, S&P 500, Nasdaq Rise on Strong Jobs Report, US-Iran Flare-up The stock market witnessed a notable uptick today, largely buoyed by a strong jobs report that indicated robust economic growth. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted gains as investors responded positively to the economic data. Additionally, geopolitical tensions, particularly the recent flare-up in US-Iran relations, have also impacted market sentiment, contributing to fluctuations in various sectors. According to the Bureau of Labor Statistics, the US economy added a significant number of jobs last month, surpassing expectations and suggesting resilient labor market conditions. Investors largely viewed this...

- Strong jobs report to keep Fed on hold as war and energy prices make inflation the bigger worry “More solid jobs data leaves the Fed where it’s been for a while — watching and waiting, focused on the inflation side of its mandate,” Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management, said in a note. “Rate cuts still aren’t on the near-term horizon, but the absence of inflationary threats in today’s report should quiet some of the chatter about a potential hike.” This article has been published in finance.yahoo.com via Yahoo News. https://finance.yahoo.com/economy/policy/article/strong-jobs-report-to-keep-fed-on-hold-as-war-and-energy-prices-make-inflation-the-bigger-worry-135317700.html

- Trump tariffs live updates: Trade court strikes down Trump's 10% blanket tariffs In a significant development in international trade, a U.S. trade court has struck down the 10% blanket tariffs imposed during the Trump administration. These tariffs were enacted under Section 232 of the Trade Expansion Act of 1962, which allows the president to adjust imports unilaterally if they are deemed a threat to national security. Trade Court's Ruling The court's decision comes after a lengthy legal battle and is seen as a victory for businesses that have struggled with the increased costs associated with the tariffs. The ruling specifically addresses the legality of the broad nature of the tariffs and their imposition without sufficient...

- What the latest ruling on Trump’s tariffs could mean for businesses Another plaintiff was toymaker Basic Fun! who added that the ruling will bring “needed clarity and stability for companies navigating global supply chains.” The decision also appears set to remove tariffs on China, just as the president is preparing to travel there for a high-stakes visit next week. His visit is set for May 14 and 15, and tariffs are expected to be a major topic on the agenda. Many tariffs on China and other importers from around the globe, meanwhile, won’t be affected by this ruling. Sector-specific tariffs on automobiles, steel, and timber — as just three examples —are collected under a different authority that is not under legal challenge...

- US Fires on Iranian Targets as Trump Demands Deal From Tehran In a bid to ease the crisis, the US president had announced “Project Freedom,” an initiative to help ships transit the strait, before abruptly suspending it. Saudi Arabia and Kuwait have lifted restrictions on the US military’s ability to use regional bases, the Wall Street Journal reported Thursday, a move that could allow the Trump administration to restart the effort to ease traffic through the strait. A Central Command official referred questions about the reporting on the bases to the Saudi and Kuwaiti governments. Asked whether Project Freedom would be restarted, the official declined to speculate. The Kuwaiti and Saudi embassies did not respond to requests for...

- Will Sui Succeed Where Libra Failed? Mysten Labs Co-Founder Details Zero-Fee Stablecoins and Gaming Push The company plans to monetize the network through stablecoin treasury yield and fees on more complex smart contract activity rather than peer-to-peer payments. Abiodun said the economics become viable because stablecoin reserves generate yield through US Treasuries and related financial products. Mysten Labs also announced a partnership with Nigerian fintech company Paga, which plans to use Sui infrastructure for cross-border payments and treasury management. Simplifying Crypto Onboarding A major focus for Mysten Labs is reducing complexity for mainstream users interacting with blockchain applications. Abiodun said Sui...

- 21Shares Debuts First ETF Focused on Canton Network Crypto Token 21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), has launched its first ETF that focuses on the Canton Network crypto token. This marks another significant milestone in the cryptocurrency financial products space, as institutional and retail investors continue to show growing interest in diversified crypto assets. The Canton Network, known for its innovative approach to decentralized finance (DeFi) security and institutional finance integration, has seen increased adoption. 21Shares aims to provide a gateway for investors looking to gain exposure to this unique crypto asset, which has been increasingly recognized for its potential to...

- Elizabeth Warren seeks information on Meta’s latest stablecoin plans in letter to Mark Zuckerberg In their 2025 letter, the Senators cited USDC, with which Meta has now integrated, as potentially risky, pointing out that the token lost its dollar peg and traded as low as $0.88 during the Silicon Valley Bank collapse in 2023. Warren and Blumenthal also teamed up with Sen. Adam Schiff (D-Calif.) for a letter last month questioning President Trump’s business associate Bill Zanker over the TRUMP memecoin. The Meta letter comes as Warren’s Senate committee appears to be making progress on the CLARITY Act, a bill creating a regulatory framework for crypto. Senate Banking Committee chairman Tim Scott (R-S.C.) has said he hopes to bring...

- McDonald's beats Q1 earnings estimates despite challenging environment with value meals and new menu items Wall Street and McDonald’s rivals are also watching how new beverage sales perform. In late April, the burger giant announced six specialty drinks, including refreshers and “dirty sodas,” or customizable sodas mixed with creamer and flavored syrups. Saleh believes the new drinks could drive a mid-single-digit sales lift in the current quarter. “We're getting good incremental visits, because we're attracting consumers to parts of the day where perhaps they normally wouldn't be visiting us, and that is kind of afternoon snacking, dinner and late evening,” Borden said. As McDonald’s leans into this new beverage platform, Borden...

- "One of the S&P 500's best earnings seasons in 20 years comes with a catch: Chart of the Day" Valuation adds another wrinkle. Earnings and Market Movements FactSet says the S&P 500’s forward 12-month earnings estimate has risen about 4% since March 31, while the index price has climbed over 10%. Earnings are helping the rally, but prices are moving faster than profits. Impact of Treasury Yields The recent push in the 30-year Treasury yield (^TYX) above 5% — Wall Street’s danger zone — adds another constraint. Higher long-term rates can make it harder for investors to keep paying higher prices for those earnings. That makes the next phase less about whether companies can beat and more about whether they can keep pushing future...

- White House Targets July 4 for Clarity Act Passage: Crypto Adviser The White House is reportedly targeting July 4 as a potential date for the passage of the Clarity Act, according to a crypto adviser closely involved with the discussions. The Clarity Act aims to create a clear regulatory framework for digital assets, including cryptocurrencies and stablecoins, to ensure that these financial instruments are subjected to consistent and comprehensive regulation. The adviser, who chose to remain anonymous, indicated that the administration is working diligently with Congress to finalize the necessary details of the Act. The goal is to establish a bipartisan consensus that would facilitate a smoother legislative process. The...