Bitcoin, Ether, and XRP are all in the red as the broader cryptocurrency market shed billions in market cap over the last 24 hours. The bearish performance has spread to other leading cryptocurrencies, with Stellar (XLM) down by nearly 2%. XLM is trading below $0.1600 at the time of writing on Wednesday, extending its correction
South Korea’s Financial Supervisory Service has set out a tougher and more technology-driven approach to crypto oversight for 2026, placing artificial intelligence at the core of market supervision. In its work plan released on February 9, the regulator said it will increase direct monitoring of digital asset trading, speed up investigations into suspicious activity, and
Digital asset manager CoinShares says quantum computing is not an immediate threat to Bitcoin, with only a small share of Bitcoin realistically exposed to a theoretical quantum attack. The firm argues that current machines are far too weak to break core cryptography and that the network has time to adapt. The research, led by CoinShares
Bitcoin’s recent recovery could be hanging in the balance as the political deadlock over Kevin Warsh’s nomination to lead the US Federal Reserve deepens, raising fresh concerns about prolonged dollar tightening and the erosion of risk appetite across digital asset markets. Treasury Secretary Scott Bessent has urged the Senate Banking Committee to begin confirmation hearings
The so-called whales were busy during Bitcoin’s crash to a 15-month low of $60,000 as the large investors stepped in to buy the dip. The recovery lifted the cryptocurrency by roughly 17% in a matter of days, and the top cryptocurrency was trading at $69,165 during the time of writing. Data shows the rally followed
Bitcoin treasury company Strategy (formerly MicroStrategy) has added to its already sizable cryptocurrency holdings, acquiring an additional 1,142 Bitcoin for approximately $90 million, according to a regulatory filing released on Monday. In an 8-K filing with the Securities and Exchange Commission, Strategy said the purchases were made between February 2 and February 8 at an
Novo Nordisk’s Denmark-listed shares climbed more than 7%, while the stock gained close to 6% in US premarket trading after telehealth company Hims & Hers said it would stop offering its newly launched oral obesity pill copycat following regulatory scrutiny. Hims & Hers, by contrast, fell nearly 20% in premarket trading. Additionally, Novo Nordisk also
QuantumScape (NASDAQ: QS) shares are electrified today, surging more than 7% in early trading as the company officially inaugurated its much-anticipated “Eagle Line.” This highly automated pilot production facility in San Jose represents what CEO Dr Siva Sivaram has called the company’s “Kitty Hawk moment” – the point where lab innovation finally translates into a
US equities traded lower on Monday as investors turned cautious ahead of a series of closely watched economic releases and another round of corporate earnings, following a volatile week that ended with the Dow Jones Industrial Average reaching a historic milestone. The Dow Jones Industrial Average fell 128 points, or about 0.2%, in early trading.
Elon Musk’s decision to have SpaceX acquire artificial intelligence startup xAI has sent ripples across global financial markets, reviving long-standing speculation about whether his sprawling corporate empire could eventually be consolidated into a single technology conglomerate. The acquisition, announced earlier this week, already comes amid reports that SpaceX is pursuing an initial public offering valued