Individual investors have offloaded stocks at an unprecedented pace, locking in gains from the recent bull market. Net retail sales in single stocks totaled $370 billion over two weeks, up sharply from $220 billion at the start of 2026, reports The Kobeissi Letter. Last week alone saw outflows of $125 million in SanDisk (SNDK) shares, …
Category archives: Trending Crypto news
Elon Musk Quietly Buys Billion-Dollar Energy Firm in Florida To Power AI Needs
Elon Musk has completed a low-profile acquisition of a major energy company valued at over $1 billion dollars. The transaction for New APR Energy appeared solely in Federal Trade Commission records, reports Teslarati. The Florida-based firm specializes in mobile gas and diesel turbine systems capable of rapid deployment for large-scale power needs. The fleet provides …
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Bybit Reports Lowest BTC Spot Slippage Among Major Crypto Exchanges in Q1 2026, Driven by Rapid Price Improvement Mechanism
July 17th, 2026 – Dubai, UAE Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today released its Q1 2026 BTC spot execution analysis, showing that its Rapid Price Improvement (RPI) mechanism consistently delivered lower trading slippage than comparable execution measurements across major cryptocurrency exchanges. As digital asset markets continue to mature, execution quality has …
Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ
A Long Island bus company owner has admitted to orchestrating a multi-million-dollar bank fraud conspiracy. The U.S. Attorney’s Office for the Eastern District of New York says John Mensch rapidly wrote and deposited worthless checks between accounts at two local banks. Using special privileges that let him access his money immediately, he tricked the banks …
Ultra-Rich Americans Grab Record Share of National Income As Top 0.00001% Captures 12% of All Wealth Generation: Report
The wealthiest sliver of Americans now commands an unprecedented share of the nation’s income. This elite group holds a whopping 12% of total US national income, a level more than four times higher than after the 2008 financial crisis, reports The Kobeissi Letter, citing data from economists Emmanuel Saez and Gabriel Zucman. “The richest Americans …
US indicts crypto investor over alleged $20M fraud scheme
Federal prosecutors allege the South Dakota investor used false promises to raise money, repaid earlier investors with new funds and laundered proceeds through crypto exchanges. A federal grand jury has indicted a South Dakota cryptocurrency investor on wire fraud, money laundering, bank fraud and aggravated identity theft charges over an alleged $20 million investment scheme, …
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Bitcoin ETFs add $368M in three-day buying streak
US spot Bitcoin ETFs attracted $79.2 million on Thursday, lifting their three-day inflow total to about $368 million as Bitcoin attempted a price recovery. US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $79.2 million in net inflows on Thursday, extending their inflow streak to three consecutive trading sessions. The latest inflows followed $108 million on Wednesday …
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MacOS malware hijacks Telegram sessions, targets crypto wallets: SlowMist
A macOS malware steals credentials to hijack Telegram sessions, decrypt cryptocurrency wallets or trick users into entering their wallet recovery phrases through fake applications. A macOS information-stealing malware can hijack Telegram Desktop sessions and compromise cryptocurrency wallets, according to blockchain security firm SlowMist. The malware harvests data from the macOS Keychain, Safari cookies, Apple Notes, …
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Trump Media sells Wall Street low-latency access to Trump posts
The paid Truth API is aimed at high-frequency trading firms seeking “the fastest” access to market-moving Truth Social posts, including those from US President Donald Trump.
Balaji seeks Malaysia deal, threatens exit after Network School probe
“If we are not welcome, there are many other countries that would welcome us,” said Network School founder Balaji Srinivasan in a message to the Malaysian prime minister.
Citadel Securities invests $400M in Crypto.com at $20B valuation
Crypto exchanges have increasingly positioned themselves as bridges between digital asset markets and traditional finance. Crypto exchange Crypto.com on Thursday announced it has secured a $400 million investment from global market maker Citadel Securities at a $20 billion valuation. The investment comes amid growing institutional demand for tokenized real-world assets, including stablecoins and tokenized stocks. …
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Bitcoin liquidity clusters determine BTC’s price direction as futures flow fuels price
Bitcoin futures traders are propping up the current market move, while liquidation heatmap data provides hints on where BTC price may go next. Increased activity across Bitcoin’s (BTC) futures markets is playing the dominant role in its short-term price action, which keeps tracing back to where leveraged positions are stacked. Prices tend to gravitate toward …
Polygon CEO announces job cuts amid Coinme acquisition
The round of layoffs was part of Polygon transitioning operations to payments following a $250 million deal to acquire Coinme and Sequence in January. Marc Boiron, CEO of Polygon Labs, announced additional layoffs as the company finalizes its acquisition of cryptocurrency exchange Coinme. In a Thursday X post, Boiron said that Polygon would say “goodbye …
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Trump teleprompter operator made $100K betting on Kalshi markets tied to speeches: ABC
According to ABC News, federal regulators are investigating whether the longtime White House staffer used nonpublic information to profit from event contracts tied to President Donald Trump’s speeches. US President Donald Trump’s longtime teleprompter operator is in talks with federal regulators to settle allegations that he used nonpublic information to profit from bets on Kalshi …
1inch co-founder says he was fired, announces new venture
Anton Bukov said that he no longer took an active role at 1inch and had been “fired” in 2025 after pushing for changes to the company’s management and operations. Anton Bukov, the co-founder of 1inch, said that he was completely exiting his role in the company’s operations after more than seven years. In a Thursday …
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