Arthur Hayes says Bitcoin’s climb to $1 million is dependent upon the AI trade’s credit score issues, not its earnings. In a brand new essay titled “Situationship,” the BitMEX co-founder makes his case. He argues that AI knowledge middle spending resembles 2008-style debt hypothesis somewhat than 2000-style dot-com overvaluation. He expects central banks to print…
Hut 8 inventory dropped 9.74% to $101.16 on Tuesday after the corporate reported second-quarter earnings. Revenue climbed 81% 12 months over 12 months to $74.9 million, whereas internet losses reached $177.1 million. The Bitcoin (BTC) miner turned AI knowledge heart developer recovered 1.29% to $102.47 in after-hours buying and selling. Investors seem targeted on the…
Japan’s Nikkei 225 climbed 3.34% Wednesday to 66,090 factors, marking its sharpest one-day acquire in weeks. Chip shares led the advance throughout Asian markets. The rally adopted an in a single day surge on Wall Street. Traders additionally welcomed contemporary hope that the United States and Iran will quickly reopen the Strait of Hormuz. Chip…
Crypto buying and selling exercise has fallen to its lowest degree of 2026. This is in line with knowledge from Kaiko, which reveals every day spot volumes throughout tracked exchanges dropping to round $15 billion final week. Centralized Exchange Volumes Fall as Trading Activity Cools According to the Kaiko numbers shared by The Kobeissi Letter,…
Palantir Technologies inventory jumped 30% on Tuesday. The surge worn out $3 billion in brief sellers’ paper earnings for 2026. The rally marked Palantir’s greatest single-day efficiency in two years, S3 Partners LLC mentioned. Short sellers had constructed a $2.7 billion paper acquire earlier than Monday’s earnings information reversed course. Earnings Beat Catches Bears Off…
Whale Rock Capital Management’s flagship hedge fund fell 21.7% in July. The drop reduce its 2026 beneficial properties roughly in half as synthetic intelligence and semiconductor shares offered off. Whale Rock’s year-to-date return dropped to 35.1% by July. That’s down from 72.5% on the finish of June, an individual aware of the matter instructed Bloomberg….
Upbeat earnings from Caterpillar and Palantir Technologies (PLTR) drove the Dow Jones Industrial Average and S&P 500 to document closes on Tuesday, easing considerations over synthetic intelligence (AI) spending. The Dow gained 907 factors, or 1.71%, to shut at 54,091.42. The S&P 500 rose 1.79% to 7,736.52. The Nasdaq Composite jumped 2.59% to a document…
Institutional traders accounted for a report 72% of spot buying and selling quantity on Wintermute’s over-the-counter desk within the first half of 2026, up from 59% a yr earlier. The shift marks the clearest signal but that Wall Street, not retail merchants, now units the tempo of crypto markets. Wintermute’s OTC stream report ties the…
US Senators Elizabeth Warren and Richard Blumenthal have despatched a letter to SEC Chair Paul Atkins asking the company to examine President Donald Trump’s meme coin, arguing it could have facilitated fraud or illegal enrichment on the expense of retail traders. The lawmakers cited experiences exhibiting that almost 1,000,000 traders collectively misplaced over $3.8 billion…
GameStop has agreed to swap $1.4 billion of zero-coupon convertible notes for stock, a deal that may retire about one-third of its observe principal if it closes. The ensuing shareholder dilution will stay unknown till the corporate discloses the ultimate share depend. The firm’s Aug. 3, 2026 filing covers about $400 million of notes due…