The Solana ecosystem is facing fresh turbulence after USX stablecoin, a synthetic stablecoin issued by Solstice, suffered a sharp but temporary depeg on secondary markets. The incident has reignited concerns around liquidity management, even as the issuer and independent analysts stress that USX’s collateral backing remained intact. Sudden sell pressure rattles secondary markets USX began
The majority of the Uniswap community has backed a major fee switch proposal, a part of which would see millions of UNI tokens taken out of circulation. According to Uniswap Founder Hayden Adams, the proposal, dubbed “UNIfication,” jointly introduced by Uniswap Labs and the Uniswap Foundation back in November, has officially passed with 99.9% support.
Saudi Arabia’s ambitions in AI have come as a shock to the West. In less than a year, the kingdom has moved from broad statements about diversification to signing multibillion-dollar data centre deals, securing access to advanced chips and outlining a plan to sell AI services cheaper than almost anywhere else on earth. Saudi Arabia
Copper price continued its strong bull run on Friday, reaching its highest point on record in Shanghai and New York. It crossed the important resistance at $14,000 a ton in China, while futures contracts jumped to $5.7 at the Comex. This article explores some of the reasons why copper prices are in a strong bull
The QuantumScape stock price has suffered a harsh reversal in the past few days as it plunged by ~40% from its highest point this year. It was trading at $11.20, down from the year-to-date high of $19. Still, the QS stock is up by 115% this year, bringing its market capitalization to over $6.7 billion.
By most conventional measures, 2025 should have been remembered as crypto’s breakthrough year. Regulation finally arrived in force. Institutional capital flowed through regulated channels. Bitcoin printed a new high. Stablecoins crossed multi-trillion-dollar volumes. On-chain markets expanded beyond native tokens into equities and commodities. And yet, as the year closes, the dominant mood is not triumph
Wall Street closed higher for a fifth consecutive session on Wednesday, with the Dow Jones Industrial Average gaining approximately 300 points to reach a fresh record high as investors welcomed weaker-than-expected inflation signals. The S&P 500 also hit an intraday record of 6,937 despite mixed breadth, though technology stocks like Nvidia pulled back sharply as
Markets tiptoed into Christmas with records on thin ice. US equities notched fresh highs in a shortened session, Japan saw a landmark private-equity exit under activist pressure, oil rebounded on growth optimism shadowed by geopolitics, and crypto remained stuck in holiday limbo. Precious metals quietly stole the spotlight as uncertainty lingered. Here’s what moved, and
Tesla’s profit mix is shifting toward its energy business, a trend one Seeking Alpha analysis argues supports a prudent buy-on-pullbacks stance at about a $1.63 trillion valuation. At the same time, Rivian shares have rebounded sharply to $21.38, but now confront three stacked resistance levels that may define the next move. According to Seeking Alpha
Apple CEO Tim Cook sent a powerful signal Wednesday when he spent nearly $3 million to nearly double his stake in Nike stock (NYSE: NKE), just one day after the athletic-wear company reported a devastatingly weak earnings report. The purchase, 50,000 shares at $58.97 each, marked Cook’s first-ever open market stock buy in his 20