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California collected an extra $11 billion in tax revenue due to a surge in AI-linked tech stocks boosting capital gains for wealthy residents, exceeding forecasts significantly. AI-driven stock gains from companies like Nvidia propelled the windfall, lifting general-fund revenue above estimates. The boost arrives amid weak job growth and stagnant consumer spending in the state. […]
Michael Selig, nominated by President Donald Trump to chair the CFTC, expressed strong support for robust oversight in digital asset markets during his Senate confirmation hearing. He emphasized the need for a “cop on the beat” to regulate spot digital commodities while avoiding enforcement-heavy approaches that could push firms offshore, highlighting the sector’s growth to […]
Solana whale accumulation has intensified as major holders withdraw over 170,000 SOL from exchanges like Binance, signaling strong buyer confidence in a rebound from the $130 demand zone. This activity supports price recovery toward $168 and beyond, bolstering Solana’s bullish structure. Solana whale accumulation absorbs exchange supply, reinforcing demand and momentum signals for recovery. Spot […]
Block projects gross profit of $15.8 billion by 2028, driven by mid-teens annual growth in its Cash App and seller ecosystem, including crypto services. This outlook follows its investor day, aiming to boost adjusted operating income to $4.6 billion amid strategic expansions in AI tools and lending products. Block’s 2028 gross profit target stands at […]
The odds of a December Federal Reserve rate cut have dropped to 33%, reflecting heightened investor caution amid persistent inflation concerns and a Bitcoin price decline below $89,000. This shift, tracked by the Chicago Mercantile Exchange, signals broader market unease in the cryptocurrency sector. December rate cut odds fall to 33%: Traders’ expectations have plummeted […]
The Bitcoin death cross has formed as the 50-day EMA crossed below the 200-day EMA, signaling a bearish shift in market momentum. This classic pattern, combined with an oversold RSI at 27.12 and strong downtrend via ADX at 38.25, suggests potential further declines toward $85,000 support, though a bounce may follow due to exhaustion levels. […]
Schneider Electric has secured approximately $2.3 billion in contracts with U.S. data center operators Switch and Digital Realty to deliver advanced cooling, power modules, UPS systems, and switchgear, addressing the escalating electricity demands driven by AI workloads that also parallel the energy-intensive nature of cryptocurrency mining operations. Schneider Electric’s $1.9 billion deal with Switch focuses […]
The Aave V4 public testnet is now live, introducing the open-source V4 codebase for community review and a developer preview of Aave Pro, an upgraded interface for advanced crypto users. This upgrade features a Hub and Spoke architecture to centralize liquidity and a Risk Premiums system to enhance borrowing security. Aave V4 testnet launch enables […]
Coinbase is teasing a new era with potential prediction market integration via Kalshi and stock trading features, set for announcement on December 17, 2025. Leaks suggest users could soon bet on real-world events and trade tokenized stocks directly on the platform, expanding beyond traditional crypto trading. Coinbase’s response to leaks confirms exciting updates incoming on […]