Stock Market & Financial News
500 Million XRP Worth $649M Left Uphold for Five Wallets Yesterday
Five XRP Ledger addresses that didn't exist until about a day earlier now hold 100 million XRP each, and every one was created by the same Uphold wallet that filled it. The Alert That Lit up XRP Twitter A burst of posts on Sept.
GOF's Selloff Offers A Valuation Lesson With A Potential Silver Lining
Guggenheim Strategic Opportunities Fund now trades at a rare near double-digit discount, a level not seen since 2016. GOF's ATM share issuance, historically accretive and key to funding its 22.7% distribution, is halted while the fund trades at a discount. Future NAV returns may decline, and a distribution cut could occur, potentially widening the discount but also creating a buying opportunity.
GOF -0.69% Chainlink (LINK) Surges on SEC Tokenization Approval and Banking Integration
The LINK token from Chainlink posted gains exceeding 3.5% during Thursday's trading, advancing from approximately $11.38 to reach $11.78. This upward movement coincided with significant institutional developments and regulatory progress concerning tokenized securities within the United States.
BYD, CATL, Xiaomi executives may join Xi's US visit, sources say
Washington and Beijing are finalising a group of Chinese business leaders to join President Xi Jinping's upcoming visit to Washington, three sources familiar with the matter said, potentially including companies facing US regulatory scrutiny as they seek greater market access.
BYDDY -1.21% 
QLD: Wait For Confirmation After The Fed's Rate Hike
I rate the ProShares Ultra QQQ ETF a tactical Hold over a short-term horizon. QLD held its post-Fed support at $85.81, but its $86.96 closing price remains below its 20-day and 50-day moving averages. A close above approximately $89.20, accompanied by QQQ reclaiming $713 and stable or declining volatility, would support a tactical buy with initial and secondary objectives of $92.14 and $98-100.
QLD +2.18% 
NYT alleges Microsoft, OpenAI knew using news content was theft
OpenAI committed "an astonishing theft of unprecedented proportions" when it used millions of news articles to train its artificial intelligence models, The New York Times alleged in a court document unsealed Thursday.
NYT +1.55% 
Solana Transaction Speed Rises Without More Capacity
Solana now targets four slots per second, giving users faster transaction updates without raising the network's processing ceiling.
Tertiary Minerals show more high grade results from Mushima North
Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) has delineated a roughly 400-metre-long higher-grade silver-copper-zinc zone at its Mushima North project in Zambia, with drilling showing mineralisation continuing beyond the current Exploration Target and remaining open at depth. The strongest reported intersection from the Discovery Zone was 52 metres grading 99 grams per tonne silver, 0.41% copper and 0.43% zinc from 39 metres downhole, equivalent to 130 g/t silver.
MTX -0.89% 
Solana (SOL) Eyes $130 Breakout as Critical Resistance Level Approaches
Solana maintained its position above the psychologically significant $100 threshold on Wednesday following a roughly 5% increase over the preceding 24-hour period. During this analysis, SOL was exchanging hands near $101.32, demonstrating stronger performance compared to the wider cryptocurrency marketplace.
USD/CAD Price Forecast: Holds gains near 1.4000, bullish signals support upside
USD/CAD Price Forecast: Holds gains near 1.4000, bullish signals support upside
Corporate Treasuries Retreat as Bitcoin Tests $80K
Corporate treasuries slow Bitcoin buying as public firms add just 5,900 BTC, leaving a key demand source weak during the rebound.
Interparfums: Promising Takeaways From Shareholder Meeting (Rating Upgrade)
Interparfums is upgraded from 'Hold' to 'Buy', after assessing the outcomes of its latest annual stockholders' gathering. Board refresh adds domain expertise, notably in Coach and digital media, supporting upcoming blockbuster launches and digital-first strategies. Performance-driven compensation aligns executive incentives for multi-year growth, with new product rollouts and the Off-White acquisition poised to expand the addressable market.
IPAR +0.12% 
USD/JPY surges to 157.1 this morning
USD/JPY surges to 157.1 this morning
Take-Two Reaffirms GTA VI Launch Date, Maps Global Strategy at Annual Meeting
Take-Two Interactive Software NASDAQ: TTWO held its annual stockholder meeting virtually, with shareholders asked to vote on four proposals including the election of 10 directors, executive compensation, an officer-liability amendment and the appointment of Ernst & Young LLP as auditor for fiscal 2027.
GTLL 0% 
Cardano defends $0.20 demand zone again, but here's what will shape price trends next
Cardano's holders are in an interesting position right now.
Silver Price Forecast: XAG/USD rallies to near $66.80 amid correction in oil prices, US yields
Silver Price Forecast: XAG/USD rallies to near $66.80 amid correction in oil prices, US yields
Gold Prices Rise as Falling Oil Prices Provide Support
Gold is trading near 4,360 USD per ounce on Friday after gaining almost 2% in the previous session. The precious metal has found support from falling oil prices, which have helped ease inflation concerns and pushed bond yields lower.
Robinhood bets $25M on Crusoe's shift from Bitcoin to AI
Robinhood Ventures Fund I (RVI) invested about $25 million in Crusoe, a firm that once mined Bitcoin but now focuses on AI data centers. The deal, which closed on August 31, was part of Crusoe's $3.9 billion Series F fundraising round.
XRP Price Tumbles Below $1.30 Amid Fed Rate Decision and Senate Setback
The cryptocurrency XRP has fallen beneath the $1.30 mark following Tuesday's 7.3% decline, representing approximately a 23% retreat from its recent peak near $1.68. The token recorded $4.12 billion in trading activity over the last 24-hour period, while maintaining a market capitalization around $81.68 billion.
Ethereum Glamsterdam Nears Sepolia Test With Security Concern
Ethereum Glamsterdam heads to Sepolia on Oct. 6 as developers warn fake builders could disrupt the major upgrade test.
Iran's Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says
The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of dollars in bitcoin to the Revolutionary Guards and handled payments collected from ships buying passage through the world's most important oil chokepoint.
Taboola is buying a rival adtech company to gain a bigger foothold with lucrative finance clients
Taboola is eyeing a bigger slice of the adtech market. It has made an offer to acquire fellow adtech firm Dianomi.
TBLA -0.88% 
Ethereum (ETH) Maintains $2,400 Support Amid Fed Policy Shift and Heavy ETF Redemptions
Ethereum maintained a price level of $2,445 during Thursday's trading session. The asset temporarily slipped beneath the critical $2,400 threshold earlier in the day.
Solana moves closer to 200ms slots after latest speed upgrade
Solana has cut its target slot time from 300 milliseconds to 250 milliseconds, increasing the rate at which the network produces slots by nearly 17% without raising its overall processing ceiling by the same amount.
MasterBrand Deserves A Step Back (Downgrade)
MasterBrand is downgraded from 'Strong Buy' to 'Buy' due to recent profitability weakness and housing market headwinds. MBC's EBITDA margin fell to 7.2% from 12.2%, with trailing 12-month EBITDA at $294.5 million, reflecting softer revenue and consumer trade-downs. Synergy targets from the American Woodmark merger have increased to $100 million, with $50 million expected in the first year post-combination.
MBC -8.56% 
Bitcoin (BTC) Tumbles Below $76K Following Federal Reserve's First Rate Hike in Over a Year
Bitcoin experienced a decline below the $76,000 mark this week as the US Federal Reserve implemented a 25 basis point interest rate increase. This adjustment elevated benchmark rates into the 3.75-4% range.
Bitcoin price tops $77K after BOJ lifts rates to 1.25%
Bitcoin traded above $77,400 after the BOJ raised rates to 1.25%, while spot ETFs added $159.5 million and momentum cooled.
Gold (XAU/USD) & Silver Price Forecast: Softer Dollar Lifts Metals After Fed
Gold and silver recover as the dollar and Treasury yields ease after the Fed hike, with XAU/USD targeting $4,403 and silver eyeing $67.24.
Ultragenyx Pharmaceutical Inc. (RARE) Discusses FDA Approval of FAYUVI as First Treatment for Sanfilippo Syndrome Type A Transcript
Ultragenyx Pharmaceutical Inc. (RARE) Discusses FDA Approval of FAYUVI as First Treatment for Sanfilippo Syndrome Type A Transcript
RARE +2.75% 
Solana speeds up blocks by 17%, but transaction capacity stays the same
The network is cutting its target slot time to 250 milliseconds, giving apps fresher blockchain data and validators shorter control windows while reducing the amount of work allowed in each slot.
