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In its defense, Apple noted that its actions have been and are justified to protect its customers from bad actors.
The cryptocurrency market has been volatile in the past few months, fueled by both institutional adoption and retail speculation.
Amazon has offered $9 billion to MGM for a purchase deal, beating other rumored competitors. Currently, talks are still on. Amazon shares climbed in response to a bullish forecast from Morgan Stanley.
AT&T and Discovery have taken a decision to merge their content business units to create a publicly-traded company.
Elon Musk’s tweets send ripple across the crypto market, with the overall crypto market cap taking a dip under $2 trillion before recovering once again.
There is also a speculation that Elon Musk has been involved in the classic pump and dump scheme of Bitcoin.
Currently, ICP is trading at $258, has lost over 60% of its debut price, and is currently valued at $32 billion.
The Proof-of-Stake Cardano surged 18% today smashing past $2 for the first time and hitting its new all-time high. Cardano co-founder Charles Hoskinson said it is 1.6 million times more energy-efficient than Bitcoin.
Investors and the market are looking closely at the inflation data as Wall Street looks to navigate through these muddy waters. Fears of inflation have also triggered a sell-off in growth stocks recently.
After Bloomberg reported that the DOJ and IRS were investigating Binance, the value of major cryptocurrencies fell across all exchanges.
However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources.
In terms of individual company performance on Wednesday, FAANG stock all closed with losses.
Vitalik Buterin offloaded nearly 50 million SHIB coins through wallet transactions while donating the proceeds of the sale to India’s Crypto Covid Relief Fund. He also donated to the Ethereum-based fundraising platform Gitcoin.
However, despite the bullish calls, UNSW associate professor Elvira Sojli thinks the Ethereum price will trade around $1,850 by the end of 2025.
Ethereum has been one of the best-performing digital assets this year. The digital coin’s year-to-date gains are over 480% and despite its slight slide, its value is up by 65% over the last 30 days and 7.4% in the last 24 hours.