• Morgan Stanley Sees Big Rally in Tesla After the February Crash

    While Tesla (NYSE: TSLA) closed in the green on Friday, it lost almost 30% in February, which turned out to be the second-worst month ever for the stock. The only time Tesla saw an even bigger drawdown was in December...

  • President Trump Expands U.S. Strategic Crypto Reserve to Include Major Digital Assets

    In a significant policy shift, President Donald Trump has announced the inclusion of major cryptocurrencies- Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA)- into the United States' strategic crypto reserve. Evolution of the Strategic Crypto Reserve A strategic...

  • SEC Clarifies Stance on Meme Coins Amidst Regulatory Shifts

    The U.S. Securities and Exchange Commission (SEC) has stated that meme coins do not qualify as securities under federal law. In a statement released on February 27, the agency’s Division of Corporation Finance explained that meme coins “do not involve...

  • IMF Approves $1.4B Loan to El Salvador, Sets Bitcoin Restrictions

    The International Monetary Fund (IMF) has officially approved a $1.4 billion credit facility for El Salvador, following an informal agreement last year. This financial support aims to strengthen the country’s economy while imposing restrictions on its Bitcoin-related activities. https://twitter.com/FatRatKiller/status/1895420406506406369 Therefore,...

  • FBI Urges Crypto Industry to Block Transactions from Bybit Hackers

    The Federal Bureau of Investigation (FBI) has called on cryptocurrency exchanges, node operators, and other private sector entities to block transactions linked to the $1.4 billion Bybit hack. FBI Identifies North Korean Hackers Behind Bybit Hack In a public service...

  • GM Stock Rises on New Buyback Plan and Dividend Hike

    General Motors (NYSE: GM) stock is trading sharply higher in early US price action today after the Detroit auto giant announced a $6 billion share buyback program and also hiked its dividend. Of the $6 billion buyback authorization, $2 billion...

  • Hackers Exploit Fake GitHub Projects to Steal Cryptocurrency

    Cybersecurity firm Kaspersky has identified a malicious campaign where hackers create fake GitHub projects to distribute malware aimed at stealing cryptocurrency and sensitive information. This operation, termed "GitVenom," has been active for at least two years, targeting users worldwide. Fake...

  • El Salvador Resumes Bitcoin Purchases, Reaffirming Commitment Despite IMF Agreement and Market Volatility

    El Salvador has resumed its Bitcoin purchasing strategy, acquiring 7 BTC after a week-long pause, which raised concerns among Bitcoin investors. The country’s Bitcoin Office confirmed the purchase, reinforcing President Nayib Bukele’s commitment to increasing Bitcoin reserves despite regulatory modifications...

  • Ohio Proposes Bill to Exempt Cryptocurrency Payments from State Taxes

    On February 24, Ohio lawmakers introduced House Bill 116, aiming to prevent the state from imposing additional taxes on cryptocurrency payments. The bill, sponsored by Representative Steve Demetriou and co-sponsored by several others, seeks to amend existing laws to ensure...

  • Rivian Churned Out a Gross Profit in Q4 But Tepid Guidance Sours Mood

    Rivian (NYSE: RIVN) released its Q4 earnings last week and while the electric vehicle (EV) startup posted better-than-expected numbers for the quarter and churned out a gross profit as promised, its 2025 delivery guidance spooked investors and the stock closed...