Artificial intelligence (AI) developments this past week delivered a whirlwind of new models, billion-dollar funding rounds, regulatory action, and shifting consumer sentiment, showing the AI race is moving from flashy demos to full-scale global deployment. Model Wars Heat Up The week kicked off with a flurry of frontier model releases from nearly every major AI …
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U.S. stocks turned sharply lower Thursday, March 5, 2026, as escalating Middle East tensions and a spike in oil prices rattled investors and pushed major benchmarks firmly into the red. Oil Rally and Global Conflict Jitters Send Wall Street Lower The Dow Jones Industrial Average fell about 948 points, or roughly 1.95%, trading near 47,790 …
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Following a rapid surge, bitcoin snapped its winning streak on March 5, retreating from a brief $74,000 peak to consolidate around $71,000. Global Market Divergence Bitcoin’s recent explosive rally hit a wall Thursday, March 5, snapping a three-day streak that saw the cryptocurrency jump nearly 10% and briefly reclaim the $74,000 threshold. The reversal saw …
President Donald Trump met privately with Coinbase CEO Brian Armstrong before publicly criticizing banks for blocking progress on U.S. crypto legislation. The dispute centers on whether stablecoin holders should be allowed to earn yield-like rewards. President Trump Criticizes Banks as Crypto Bill Stalls in Washington U.S. President Donald Trump met privately with Coinbase CEO Brian …
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A US orthopedic and neurosurgery practice has agreed to a multi-million dollar class action settlement stemming from a security breach that happened in February of 2024. The incident compromised the sensitive information of 426,536 patients of Rebound Orthopedics & Neurosurgery, including their names, dates of birth, medical information, health insurance information, Social Security numbers, financial …
Banking giant Goldman Sachs believes that the US economy is primed to exceed consensus expectations this year. In its Forecast for the World’s Biggest Economies in 2026 report, Goldman Sachs Research predicts that real GDP will grow 2.8% this year, well above the consensus estimate of just 2.2%. The team, led by chief US economist …
The proposed interpretative application of federal securities laws on digital assets by the SEC reportedly carries more weight than staff-level statements. Officials at the US Securities and Exchange Commission (SEC) submitted a regulatory proposal to the White House with the potential to change how the government handles enforcement of federal securities laws over cryptocurrencies. In …
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The US Internal Revenue Service (IRS) is seeking to require electronic delivery of tax forms to crypto exchange users. Under the current rules, exchanges are required to provide paper copies of tax form 1099-DA, the IRS tax form used to document crypto transactions from a centralized exchange or broker, if users request paper forms. The …
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Bitcoin mining companies have offloaded a sizable portion of their Bitcoin reserves in recent months, signaling a shift away from the self-treasury strategy that dominated the industry during the 2024–2025 market upcycle. According to TheEnergyMag’s Miner Weekly newsletter, publicly listed miners have sold more than 15,000 Bitcoin (BTC) since October. That month marked the market’s …
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US Bitcoin miner CleanSpark last month sold 553 Bitcoin from its February production for about $36.6 million, while producing 568 BTC during the month, according to the company’s latest operational update. The company ended February with 13,363 BTC (BTC) in its treasury and continued expanding its infrastructure by completing the closing on a second Texas …
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An estimated 38% of altcoins are now hovering near all-time lows, which is worse than the post-FTX market crash, according to CryptoQuant analyst Darkfost. The current market is “unfavorable” for risk-on assets, and the crypto markets are the first to absorb this risk-off posturing, he said, adding: “For comparison, this metric reached 35% in April …
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Bitcoin mining and data center company Core Scientific has closed a $500 million loan facility with Morgan Stanley, with the option to expand the financing to as much as $1 billion. According to a company announcement on Thursday, the financing may be used for general corporate purposes tied to building and expanding data center assets, …
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SoFi Technologies has selected digital asset custodian BitGo to support the rollout of its bank-issued stablecoin, the latest sign of growing momentum around federally regulated stablecoins for payments and settlements. Under the partnership, BitGo will provide stablecoin infrastructure services for SoFiUSD, a US dollar-pegged token issued by SoFi Bank, a nationally chartered and insured depository …
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The US Federal Bureau of Investigation (FBI) announced that it had made an arrest related to the theft of more than $46 million in cryptocurrency from the US Marshals Service. In a Thursday X post, FBI Director Kash Patel said that the bureau had arrested John Daghita, the son of Command Services & Support (CMDSS) …
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March 5th, 2026 – Dubai, United Arab Emirates Geopolitical tensions and global uncertainty continue to weigh on markets this week. With the S&P 500 trading at 6,869.50, the Nasdaq Composite at 22,807.48, and BTC rebounding above $73,000, Bybit TradFi’s Wall Street Showdown has been activated at an opportune time for traders diversifying across multiple asset …
