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Ford Stock Crashes as Warranty Costs Eat into Profits
Ford stock is trading over 17% lower in early US price action today after the Detroit automaker missed Q2 earnings estimates on higher warranty costs. Rival General Motors too tumbled earlier this week despite posting better-than-expected earnings for Q2. Here... -
Hashdex Files for Combined Spot Bitcoin and Ethereum ETF
Hashdex has submitted S-1 filings with the U.S. Securities and Exchange Commission (SEC) that will see the launch of the first combined spot Bitcoin and Ether ETF, marking a significant milestone for the crypto industry. Hashdex Could Add More Crypto... -
Bitlayer Labs Raises $11M to Enhance Bitcoin Scalability and Security
Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution using the BitVM technology, has raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This brings Bitlayer’s total funding to $16 million and... -
Sam Altman’s Study on UBI Shows Effectiveness in Meeting Needs, Boosting Philanthropy
A study funded by Sam Altman of OpenAI gave $45 million to thousands of Americans as part of a Universal Basic Income (UBI) experiment. In the first phase, 3,000 people in Texas and Illinois received $1,000 each month. The results... -
Spot Ether ETFs Amass $107M in Net Inflows on First Day of Trading
Spot Ether ETFs, which was approved on July 22 by the Securities and Exchange Commission (SEC) to begin trading on major stock exchanges, has just recorded an impressive figure of $106.6 million in inflows on its first day of trading... -
SEC Gives Consent for Spot Ether ETFs to Begin Trading Today
The United States Securities and Exchange Commission (SEC) approved spot Ether ETFs for trading on July 22. Trading of the ETFs will start on July 23 across stock exchanges including the Nasdaq, the New York Stock Exchange (NYSE), and the... -
New Research Suggests That Education on Crypto Scams May be Lacking in Australia
University of Queensland research uncovers an education gap in Australia regarding crypto scams. Improving online financial education from trusted sources is key to mitigating their impact. Australian Crypto Scams Defy Socio-Economic Boundaries The study from the University of Queensland discovered... -
SocGen Warns of a ‘Bubble’ as Stocks Wrap Up Worst Week Since April
US stocks plunged this week and the tech-heavy Nasdaq Composite lost 3.65% while the broad-based S&P 500 lost nearly 2%. However, the Russell 2000 ducked the bearish trend and rose 1.68% while the Dow Jones rose 0.72%. Meanwhile, SocGen has... -
Tyler Winklevoss Donates $500,000 to Senator Warren’s Rival
On July 18, co-founder of Gemini and Winklevoss Capital, Tyler Winklevoss, donated $500,000 to attorney John Deaton, a pro-crypto politician running for Senate in Massachusetts against incumbent Senator Elizabeth Warren. Tyler Winklevoss Accuses Elizabeth Warren of Trying to Stifle the... -
BlackRock Sets 0.25% Fees for Spot Ethereum ETF in Final Amended Forms
Asset management firm BlackRock has decided to set the fee for its upcoming spot Ether ETF at 0.25% ahead of a potential launch next week. This is coming at a time when other issuers are finalizing the fees in their...
