South Korea's Pension Fund Snaps Up Nearly $34M MicroStrategy Shares
South Korea\'s pension fund bought 24,500 shares of the Michael Saylor-led firm, before the 10:1 stock split. The MicroStrategy purchase can be seen as indirect investment in bitcoin (BTC). South…
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated…
Michael Burry Sells Sprott Physical Gold Trust as US CPI Drops
Michael Burry exits his entire stake in Sprott Physical Gold Trust amidst signs of cooling inflation in the US. In addition to selling his gold position, Burry is now betting…
FED Member Bostic Answered the Question of a 50 Basis Point Rate Cut: “Everything is on the Table”
A top Fed official expressed openness to a rate cut in September and said timely action is needed to ease monetary policy amid signs of a cooling in the labor…
Senior Fed Official: “The Time for a Rate Cut is Approaching”
St. Louis Fed President Joseph Musallem said he believes the time for a rate cut is near. In his speech today, Musallem highlighted recent data that point to a positive…
US Unemployment Claims and Retail Sales Data Released! Will There Be a Rate Cut? Here Are the Details
U.S. Treasury futures fell sharply to intraday lows after U.S. retail sales data beat expectations and initial jobless claims in the U.S. came in at 227,000, below the 235,000 expected.…
Binance Labs Invests in MyShell Through Binance Labs Incubation Season 6 to Scale Open Ecosystem for AI Creators
Main Takeaways: Binance Labs has invested in MyShell, a decentralized AI ecosystem that allows everyone to build, own, and share AI Apps, through Binance Labs Incubation Season 6. By integrating…