From Silicon Valley power plays to international legal battles, the overnight news cycle was relentless. Here is your cheat sheet: PayPal is eyeing a banking charter, Tesla is testing driverless tech in Texas, and SpaceX just made Elon Musk wealthier than ever. But the biggest headline might be happening in the courtroom, where President Trump
Tesla stock (NASDAQ: TSLA) came under pressure on Friday, plunging over 1% after volatility spread through the broader artificial intelligence space. The stock has alternated between gains and losses this week, with investors reassessing growth expectations amid competition from global rivals and execution risks around robotaxi deployment. Tesla’s volatile trading reflects the market’s struggle to
The Edinburgh Worldwide Investment Trust (EWIT) has generated a near 950% return on its long-held investment in Elon Musk’s Space Exploration Technologies, better known as SpaceX, underscoring one of the most successful private-market bets in its portfolio. The investment has also become a focal point in a growing dispute with the trust’s largest shareholder, activist
Tesla stock (NASDAQ: TSLA) remained in the flat territory Tuesday as Wall Street analysts moved to the sidelines, trimming growth forecasts ahead of the electric automaker’s fourth-quarter delivery report. The share price was slightly up, after facing some serious headwinds in December as Morgan Stanley downgraded the name, citing slowing momentum and a valuation that
xAI is moving to scale up its artificial intelligence infrastructure in the southern US, buying a data centre footprint anchored in Memphis. The expansion centres on the purchase of a third facility in the region, a move that significantly lifts the company’s planned computing capacity and reinforces its ambition to run one of the world’s
Wallets tied to the TRUMP memecoin deployer have transferred approximately $94 million in USDC to Coinbase over the past three weeks, according to on‑chain analytics flagged by blockchain observers. On‑chain data indicates the USDC funds were generated through a DeFi strategy known as single‑sided liquidity provision on the Solana‑based decentralised exchange Meteora. In this approach, only
Bitwise has filed with the United States Securities and Exchange Commission to launch 11 new exchange-traded funds that would track a range of individual altcoins while also investing in related financial products. Per the Dec. 31 filing, Bitwise’s new “strategy” funds would give investors exposure to a wide array of tokens such as Aave, Starknet’s
South Korean cryptocurrency exchange Korbit has been hit with a 2.73 billion won ($1.9 million) fine and an institutional warning by the Financial Intelligence Unit (FIU) for multiple breaches of anti-money laundering (AML) regulations. Alongside the financial penalty, the FIU issued disciplinary actions against the exchange’s top compliance personnel, including a caution to the CEO
Biotech stocks have staged an impressive rally over the past six months, with the XBI index – key benchmark for small and mid-cap biotech names – posting one of its strongest stretches on record. Mizuho’s senior healthcare analyst Jared Holz believes this momentum is more than a short-term bounce. Speaking with CNBC, he argued the
In a dramatic turn of events shaking the cryptocurrency world, Neo co-founders Da Hongfei and Erik Zhang have entered a public dispute over the blockchain’s governance and financial management, highlighting critical questions about decentralisation and transparency. First reported by Wu Blockchain on December 15, 2024, the conflict exposes deep divisions within one of the leading