As Bitcoin’s price slump continues to rattle equity-linked crypto firms, Strategy Inc. (previously known as Microstrategy) is pivoting its capital-raising playbook to preferred stock issuance in a bid to secure fresh funding for its Bitcoin accumulation strategy. Chief Executive Phong Le said the company would increasingly rely on perpetual preferred shares to fund purchases of
World Liberty Financial, a crypto project backed by members of the Trump family, said it plans to launch a foreign exchange and remittance platform aimed at lowering the cost of cross-border money transfers. Speaking at the Consensus conference in Hong Kong, co-founder Zak Folkman detailed plans to utilise the project’s proprietary USD1 stablecoin to facilitate
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash. Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead. In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while AI heavyweight Anthropic
Gold prices rose more than 1% on Wednesday as a weaker dollar and falling bond yields boosted sentiment. Gold prices climbed back over $5,100 per ounce, while silver rose more than 4% as investors digested key employment data from the US. Meanwhile, oil prices also jumped more than 2%, with Brent hitting $70 per barrel
Days after investors of software firms were spooked by the launch of plugins by Anthropic’s Claude, shares of wealth management and brokerage firms tumbled after financial-technology company Altruist unveiled an AI tool capable of automating personalised tax strategies, triggering fears that AI could erode the relevance of traditional financial services. California-based fintech firm Altruist launched
US stock index futures traded cautiously on Wednesday as investors focused on the delayed January jobs report and upcoming inflation data, while corporate earnings and policy developments added to uncertainty around the market outlook. Markets have been attempting to balance resilient equity performance with soft consumer data, tariff tensions, and growing concerns about artificial-intelligence-driven disruption
The US Labour Department is set to release closely watched employment data on Wednesday, offering the first indication of whether job growth in 2026 is gaining momentum after a year marked by the weakest hiring pace outside of a recession in more than two decades. The Bureau of Labor Statistics will publish the January jobs
IREN stock price remains under pressure this month as Bitcoin retreats and Neoclouds shares dip. It retreated to $42.93 on Wednesday, down by 44% from its highest level in November last year. So, is IREN a good stock to buy today? IREN stock has slipped despite strong growth potential IREN stock price has remained under
Astera Labs stock suffered a harsh reversal after the company published strong financial results that missed some analysts’ estimates. ALAB dropped to a low of $164 in the extended hours, down sharply from the all-time high of $262. As a result, the market capitalization dropped from over $42 billion in September last year to below
Uber Eats is stepping up its push into grocery delivery by adding artificial intelligence to the shopping cart. The company said on Wednesday that its food delivery platform is introducing a new AI assistant designed to help customers build grocery baskets using simple text prompts or even photos of handwritten lists. The feature is being