Jay Hatfield, CEO of Infrastructure Capital Advisors, says a “power rally” is coming for stocks in July, driven by falling oil prices and softening inflation data. Hatfield tells Fox Business he expects crude oil, which he says is headed toward $60 after dropping below $70, to help produce negative month-over-month CPI prints in July and …
Continue reading “Capital Advisors CEO Says July ‘Power Rally’ Incoming For Stocks – Here’s Why”
The US financial giant Fidelity is analyzing what it may take to bring Bitcoin and crypto back into a bull market. In a new note to investors, Fidelity details five historical catalysts that have ended past crypto winters since 2011. Bitcoin’s four-year cycle leads the list. The last bottom was November 2022 and a repeat …
Michael Saylor’s Strategy has increased its USD Reserve to $2.55 billion and unveiled a new Bitcoin (BTC) Monetization Program as part of a broader capital framework. The Nasdaq-listed Bitcoin treasury company says the $2.55 billion reserve, which includes expected proceeds from its at-the-market share program, covers approximately 17.4 months of its roughly $1.76 billion in annual …
A New Jersey man is heading to federal prison for his role in a multi-million-dollar bank fraud conspiracy. Rajendra G. Parikh has been sentenced to two years in prison, convicted of fraudulently obtaining more than $35 million in SBA-guaranteed loans from financial institutions to purchase and flip hotels. The FDIC Office of Inspector General says …
Continue reading “New Jersey Man Sentenced in Multi-Million Dollar Bank Fraud Conspiracy”
Nasdaq-listed Solana Company has signed a memorandum of understanding with Kazakhstan’s Alatau City, which seeks to become a key crypto hub in Central Asia. Nasdaq-listed crypto treasury firm Solana Company signed an agreement to support the development of Alatau City, Kazakhstan’s planned digital-first megacity. The company signed a memorandum of understanding to advise and help …
Continue reading “Solana Company to back Kazakhstan’s $6B crypto megacity ambition”
ESMA said EU crypto clients must be served through a MiCA-authorized entity as Binance faces questions over its servicing model in the region after the MiCA deadline. European Union crypto clients should be served through a Markets in Crypto-Assets Regulation (MiCA)-authorized legal entity after the bloc’s July 1 transitional deadline, the European Securities and Markets …
Continue reading “ESMA MiCA warning puts Binance EU service changes under scrutiny”
A Michigan Judge has temporarily blocked Kalshi from offering sports betting contracts to residents, escalating the state-federal fight over prediction markets and gambling laws. A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state’s attorney general accused the platform of violating gambling laws. Kalshi was …
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The Celsius-linked Bitcoin miner is seeking a Nasdaq direct listing as it repurposes mining infrastructure for AI and high-performance computing workloads. Bitcoin miner-turned-AI infrastructure company Ionic Digital has filed for a Nasdaq direct listing that could give former Celsius creditors a public market for shares they received through the bankrupt lender’s restructuring. Registered stockholders may …
MiCA’s July 1 deadline feels as if it were a Europe-wide exchange shutdown. For UK traders, the direct rulebook remains the UK’s FCA-led regime; the operational risk is that an exchange account may be classified through a different country, legal entity, or product notice. The same exchange brand can serve customers through different legal entities. …
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Congress is moving to fix how the US tax code treats crypto mining and staking rewards, and for validators and their institutional clients, the fix is long overdue. H.R. 9175, the Tax Clarity for Mining and Staking Act, would let miners and stakers defer tax on newly minted tokens until they sell them, ending a …
Strategy’s preferred stack and Bitcoin’s price are facing two separate tests this week, and only one of them has been resolved. The company’s Digital Credit Capital Framework centers on a $2.55 billion dollar-denominated reserve, a revised STRC dividend policy, $2 billion in combined buybacks, and a board-authorized BTC monetization program. MSTR rose roughly 6% in …
Continue reading “Bitcoin’s $60,000 test is not over after Strategy’s $2.5B STRC backstop”
Bitcoin’s break below the $60,000 area has pushed digital asset markets into a more defensive phase, ending months of narrow trading and exposing a market structure that traders say could amplify the next major move. CryptoSlate’s data show the largest cryptocurrency had been moving sideways since February, when it first tested the $60,000 area. That long …
Strategy (formerly MicroStrategy) shares rose Monday after the Bitcoin holder moved to reassure investors that it can meet its preferred stock obligations, authorizing up to $2 billion in buybacks and opening the door to Bitcoin sales that could fund dividends, interest payments, and repurchases. The company, led by Executive Chairman Michael Saylor, announced a new …
Illinois just became the first state to tax crypto by the transaction. The new 0.2% levy hits nearly every trade, transfer, or custody service an exchange runs for an Illinois resident, and it takes effect January 1, 2027. Governor JB Pritzker signed the Digital Asset Tax Act in mid-June, tucked inside a $55.9 billion budget. …
Continue reading “What states can still do to crypto after GENIUS and CLARITY”
Aave’s latest market move is becoming a referendum on how investors value DeFi lending as its economics begin to resemble those of financial infrastructure. The token rallied as AAVE traded around $94.32 on June 27, up 13.16% over 24 hours. At the same time, a reported Standard Chartered bull case described Aave in automated-bank terms, …
Continue reading “Aave rally makes DeFi lending look more like a bank to investors”
