This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement.
As the events in the banking ecosystem riled the market, tech stocks that are generally known to power growth underperformed for the month.
President Biden has proposed a set of reforms he believes would strengthen banking regulations and avert future crises.
Like many other automakers, Nikola has been struggling to stay afloat in the sinking water of macroeconomic constraints.
The latest jobless claims indicate that the US labor market is tight amid rising interest rates as applications rose by 7,000.
Despite the lack of clarity in the rules, the SEC chairman has reiterated that any attempt to create new laws will unsettle the status quo.
Intel was working on developing the Intel Developer Cloud with 256 Xeon chips and 512 Gaudi chips for AI. Upon completion, AI developers will be able to use the technology to train and run new models.
Meanwhile, Electronic Arts dropped its booking expectation last month as consumers began to slow down on spending.
As the tech space digests the Alibaba news, attention also shifts to what becomes of Ant Group’s 2020 suspended IPO.
The Alibaba growth sentiment has spread to the entire Chinese sector with the shares of other competing firms soaring following the news.
Michael Barr, vice chair for supervision at the Federal Reserve, says that SVB’s deposits were in major trouble on the day regulators seized and took control over the bank.
The Lucid CEO said the company remains committed to expanding globally despite cutting headcounts.
Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO.
Binance reportedly assisted United States law enforcement in freezing and seizing over $125 million in 2022 and more than $160 million YTD.
A source confirmed that the latest development would impact employees within major divisions of Walt Disney.