Varyante

SEC’s Crenshaw slams Ripple settlement, warns of ‘regulatory vacuum’

A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga. The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of the $125 million in civil penalties held in escrow to be returned to the crypto firm, according to a May 8 statement from the SEC.SEC Commissioner Caroline Crenshaw bla

MicroStrategy’s stock surges to highest price this year as bitcoin regains $100K

Bitcoin’s rally boosts the value of the cryptocurrency Strategy has purchased this year by more than $830 million.

These cannabis-sector stocks aren’t typical yield plays. Why they’re worth the risk.

Cannabis-sector lenders offer attractive dividends.

Coinbase revenue falls 10% in Q1, missing industry estimate

Crypto exchange Coinbase’s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market.Coinbase’s net income was sliced by 95% from a near-company record $1.29 billion in Q4 to $66 million, in a large part due to Coinbase marking a $596 million paper loss on its crypto holdings. The firm’s earnings per share of $1.94, however, managed to beat the Zacks Consensus Estimate of $1.85 for the quarte

Bitcoin rallies with stocks to top $100,000 again as exuberance returns to markets

Bitcoin rose above $100,000 for the first time since February, reigniting hopes that the crypto may climb to a new record high.

Coinbase expects lower subscription revenue. A lot more went wrong for the crypto exchange.

Coinbase pins crypto drop on tariffs and economic uncertainty.

Lyft stock rises on bigger buyback, strong outlook for demand

Ride-hailing app Lyft Inc. on Thursday offered up a second-quarter forecast for a key demand metric that came in slightly above Wall Street’s expectations, and its board approved an increase to its stock buyback plans based on what it characterized as strong demand.

SoundHound AI had a record first quarter — but Wall Street wanted more

The AI company says it’s seeing “real returns” from end customers, but its stock is still falling.

DraftKings says lack of March Madness upsets kept it from raising its forecast, but shares gain

Sports-betting platform DraftKings Inc. reported a narrower-than-expected loss for the first quarter, but said that “customer-friendly sport outcomes in March” — that is, people winning bets — kept it from raising its full-year sales outlook.

Pope Leo XIV’s election: Pope Francis, like Warren Buffett, mastered the art of succession

Politicians, corporate leaders and owners of family businesses should take a leaf out of the late pope’s playbook

Nvidia’s Jensen Huang fears losing the Chinese market. One analyst says that’s short-term thinking.

While Nvidia could get shut out of China, it has a big opportunity to grow in other international markets over time.

Meta exploring stablecoin integration for payouts: Report

Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter.The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report.One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether's USDt (USDT), Circ

The U.S. economy might be able to handle any disruption from Trump’s tariffs more easily than Wall Street expects

Lately, Wall Street economic commentary has been replete with ominous warnings. President Donald Trump’s tariffs are bound to cause an economic downturn, or perhaps even a recession.

Wellgistics Health to integrate XRP into payment infrastructure

Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers, the company said in an announcement on May 8. Wellgistics cited the finality time of XRP transactions and reduced transaction costs, which are fractions of a penny, compared to legacy financial architecture like automated clearinghouse (ACH) payments or wire t

Coinbase's Deribit buy shows growing derivatives market

Coinbase’s agreement to buy Deribit highlights the increasing importance of financial derivatives for cryptocurrency exchanges, according to industry executives. On May 8, Coinbase, the US’s largest crypto exchange by trading volume, agreed to acquire crypto derivatives platform Deribit for $2.9 billion in the crypto industry’s largest corporate acquisition to date.  The deal reflects increasing competition among digital asset exchanges and brokerages — inc

Bitcoin options could pave the path for new BTC price highs — Here is how

Key takeaways:97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price.Short covering above $105,000 could trigger a Bitcoin price rally to new highs.Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205 million in liquidations of bearish futures positions and eroded the value of nearly every put (sell) option. Traders now question whether Bitcoin is poised to break its $109,354 a

Former FTX exec's wife says gov't 'induced a guilty plea'

Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who faces federal campaign finance charges, is pushing for dismissal on the grounds that US prosecutors deceived her husband in a plea deal.In a May 7 filing in the US District Court for the Southern District of New York, Bond’s lawyers reiterated some of the claims Salame made in opposing his plea deal with the government, which ultimately still led to him serving time in prison. She claimed that prosecutors obtaine

Mashinsky’s 12-year sentence sets tone of enforcement in Trump era

The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud. Mashinsky’s legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were less inclined to leniency, suggesting on April 28 that the judge deliver a 20-year sentence for his actions.Betting markets predicted a light sentence

Bitcoin hits $101.7K as US strategic reserve bills become law and BTC mass adoption accelerates

Key takeaways:Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space.Traders are confident that $100,000 will hold as support.Bitcoin (BTC) price rallied above $100,000 on the heels of US President Donald Trump’s announcement of a “trade deal” with the UK, which could possibly include the removal of the blanket 10% tariff on all imports. Frequent social posts from Trump and public comments from White House cabi

Ex-Celsius CEO asks to travel for a wedding after sentencing

Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing.In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to Memphis, Tennessee, between May 26 and May 29 for his daughter’s wedding. The approval was available on the public docket on May 8, but later appeared to have been remov