The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal.During a recent episode of Cointelegraph’s Chain Reaction, Nailwal said that Overall speculative activity is down due to high interest rates in the United States and low-liquidity conditions, but will rebound once rates are cut and the Trump administration settles into its new role.Although interest rates on 10-year Treasury bonds have come down significantly, rates still remain relatively high. Source: TradingViewNailwal…
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Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.”xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today, we officially take the step to combine the data, models, compute, distribution and talent.”He added that the merger would, “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.” The purchase price, he said, was $45 billion less $12 billion in…
California is the home to more major league baseball teams than any other state. In honor of Opening Day (or Second Opening Day for those of you from Los Angeles), I thought I’d take a look at bike and transit access for the Golden State’s five teams.All team links go to their transit pages.Image: LA MetroTransit accessibility:Giants, Padres – The Giants and Padres are in a first place tie here. Both teams have bus and rail stops within easy walking distance of the stadium and are located in an easily accessible downtown area. Both also have easy-to-follow directions for fans…
Traders work on the floor of the New York Stock Exchange on Wall Street on Monday. Stocks indexes ended the week lower. Photo by John Angelillo/UPI | License Photo March 28 (UPI) — U.S. stocks ended the week Friday with a major selloff amid fears of a new round of tariffs, inflation and declining consumer sentiment. All of the major indexes are at the lowest levels in months. The weekly declines were the Dow Jones Industrials at 0.96%, Standard & Poor’s 500 at 1.53% and the Nasdaq Composite Index at 2.59%. The DJIA closed down 715.80 points, or 1.69%, at…
CoreWeave CEO Michael Intrator unpacked the cloud computing company’s first day on the market in a Friday interview with CNBC’s Jim Cramer, defending its decision to raise a hefty debt load.”The debt is the engine, it’s the fuel for this company,” Intrator said. “We go out, we find great contracts with great counterparties that need massive scale computing to drive their business, and then we go ahead and we go back to our syndicate of lenders, and they give us the debt to stand up the clusters that will deliver revenue to the company.”The IPO debuted on a tough day…
Xpansiv, a leading infrastructure provider for global energy transition markets, has announced the launch of its CBL GEO® CORSIA first compliance phase (GEO CP1) standardized spot contract on April 29, 2025. This contract will help the international aviation sector meet carbon offsetting needs. It supports the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The new contract will trade on Xpansiv’s CBL spot exchange. It will also be available through partner exchanges. These include the Aviation Carbon Exchange (ACE), which CBL runs with the International Air Transport Association (IATA). The Johannesburg Stock Exchange’s JSE Ventures Carbon Market will also…
Xpansiv, a leading infrastructure provider for global energy transition markets, has announced the launch of its CBL GEO® CORSIA first compliance phase (GEO CP1) standardized spot contract on April 29, 2025. This contract will help the international aviation sector meet carbon offsetting needs. It supports the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The new contract will trade on Xpansiv’s CBL spot exchange. It will also be available through partner exchanges. These include the Aviation Carbon Exchange (ACE), which CBL runs with the International Air Transport Association (IATA). The Johannesburg Stock Exchange’s JSE Ventures Carbon Market will also…
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie Javice, founder of a startup purchased by JPMorgan Chase in 2021, was convicted in federal court Friday of defrauding the bank by vastly overstating the company’s customer list.The jury decision comes after weeks of testimony in New York over who was to blame for the flameout of a once-promising startup. Frank, founded by Javice in 2016, aimed to…
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that First Internet Bancorp (NASDAQ:INBK) is about to go ex-dividend in just 2 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company’s books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn’t show…
Wall Street tumbled Friday as hotter-than-expected inflation data sparked concerns about the Federal Reserve’s next moves. The S&P 500 was on track for a weekly decline, erasing gains from its recent rebound. At midday, the S&P 500 dropped 1.5%, the Dow lost 1.3%, and the Nasdaq Composite plunged 2.1%. Bond markets saw a shift as investors moved away from equities. The 10-year Treasury yield (US10Y) dipped to 4.28%, down 7 basis points, while the 2-year yield (US2Y) fell to 3.95%, slipping 5 basis points. According to the Federal Reserve’s Core PCE Price Index the most reliable inflation measurement grew 0.4%…