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Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

IPO for the crypto currency exchange founded by billionaires Tyler and Cameron Winklevoss ups its price range ahead of its debut, in a sign of strong interest.

(Reuters) -Construction spending on U.S. data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report. BY THE NUMBERS The June figure represents a 30% increase from the previous year, following a 50% surge in 2024, the report said, citing U.S. Census Bureau data. WHY IT’S IMPORTANT The boom in generative AI and machine learning is fueling demand for computing power, prompting tech heavyweights including Microsoft, Alphabet and Amazon.com investing billions in setting up the infrastructure. These…

While the market had a decent chance for a solid recovery, which we highlighted in our previous crypto market prediction, we are seeing signs that hint at the problematic state of the current rally. However, in the case where Bitcoin breaks through around $115,000, the acceleration would be imminent even on Sept. 12.Shiba Inu’s bullish approachShiba Inu is stabilizing around $0.000013, and it is starting to exhibit technical dominance. SHIB is now taking back key moving averages after months of sideways consolidation and unsuccessful breakout attempts, setting itself up for possible growth in the near future.SHIB has successfully broken through its…

We all know that stocks can rise on nothing but hype for long periods. But at the end of the day, it all comes back to one thing: profits! If they don’t rise, the stock will tank. It’s just a matter of time. Consider the case of Peloton Interactive (NASDAQ:).Pandemic Ends, Peloton Crashes When the pandemic had everyone exercising indoors, speculators piled into the stock, hoping that soaring earnings would ignite the company’s value. Peloton’s net income was deep in the red then. Fast-forward to today, and it’s still negative. The stock has, of course, dropped to reflect that. What…

With the rapid rise of blockchain and artificial intelligence, global financial markets are undergoing a transformative digital revolution. From the surge of cryptocurrencies to the widespread adoption of AI-driven investing, the digital economy is redefining wealth management. In this dynamic landscape, Marquess School of Global Assets and BLUZOR Exchange have announced a strategic partnership, combining Marquess’s cutting-edge Marquess Core AI system with BLUZOR’s global trading platform to deliver secure, intelligent, and efficient wealth management solutions. Originating in Colorado and Silicon Valley, this collaboration marks a milestone in intelligent wealth management and cryptocurrency trading, dedicated to creating cycle-proof wealth growth for…

The market now largely that the Fed will cut rates next week, with some even debating whether the central bank could deliver a larger 50-basis-point cut instead of the usual 25. This makes it the right time to position in stocks that stand to gain the most from a lower-rate environment.This is all the more true as investors expect the central bank not to stop there, with further rate cuts anticipated between now and the end of 2025.Yet small-cap stocks are often cited as obvious bets in the event of a rate cut. Smaller companies are more likely than larger…

Trump Media is unleashing a bold wave of America First ETFs under the Truth Social brand, fusing cultural alignment with financial innovation in an aggressive expansion strategy. Trump Media Broadens ETF Strategy With Patriotic Funds Under Truth Social Label Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), the parent company of Truth Social, […]

The S&P 500 Index ($SPX) (SPY) today is up +0.46%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.27%.  September E-mini S&P futures (ESU25) are up +0.46%, and September E-mini Nasdaq futures (NQU25) are up +0.263%. Stock indexes are mostly higher today, with the S&P 500 posting a new record high and the Nasdaq 100 posting a 4-week high.  Stocks are rallying today as bond yields fell after US producer prices for August unexpectedly eased, cementing expectations for Fed interest rate cuts.  The 10-year T-note yield is down -3 bp to 4.06%. Stocks…

CFTC Chair Nominee Brian Quintenz has exposed private chats with Gemini co-founder Tyler Winklevoss over an alleged 7-year-long legal injustice against the company. The texts appeared to be Winklevoss seeking an express opinion or pre-decision of some sort from Quintenz over Gemini’s complaint with the CFTC’s Inspector General, regarding possible legal bias in the handling of the case dating back to 2018. Quintenz maintained his commitment to transparency and integrity in tackling the allegations once confirmed to the office, all in allegiance to President Trump’s agenda. Trump nominee for CFTC (Commodities Futures Trading Commission) Chair Brian Quintenz, on his X…