In the first quarter of 2024, global venture capital investment in crypto companies reached $2.4 billion, marking a notable increase from the previous quarter. This rise in investment indicates a potential return of investor interest in the cryptocurrency space after a period of decline. The peak of crypto venture capital flows was observed in the
One of the biggest analyst calls on Monday was Morgan Stanley’s upgrade of Micron Technology, a leading chipmaker in the industry. While the upgrade came with a raised price target on the stock, it is important to note that the analysts only see limited gains ahead for the company. This cautious optimism raises questions about
As investors eagerly await additional information to help them navigate the future trajectory of U.S. interest rates, the dollar remains relatively stable following reserved remarks from Federal Reserve officials. Despite signs of a cooling inflation rate, the Japanese yen has displayed slight weakness against the dollar, hovering around 155.80 per unit as market participants keep
Bitcoin’s price has shown little movement recently, hovering around $67,148.4 after a weekend rebound. Despite efforts to break out of the $60,000 to $70,000 trading range established since mid-March, the cryptocurrency has struggled to find momentum due to a lack of significant catalysts. Investor caution over the outlook for U.S. interest rates has also contributed
Bitcoin (BTC), the world’s biggest cryptocurrency, is currently experiencing a period of price pause. In the midst of this, Michael Saylor, the chairman of MicroStrategy, has made a bold declaration that has caught the attention of the cryptocurrency community. His message is straightforward and simple: “Bet on Bitcoin.” Saylor’s statement comes at a crucial moment
Bitcoin’s recent 9.3% surge in price, pushing it over $67,000 per BTC, has ignited new conversations within the financial world. This increase, the first of its kind since early March, comes after a period of decline following an all-time high of $74,000 per BTC. Despite the positive movement, prominent figures like Peter Schiff have dismissed
Ares Capital (ARCC) is a company that focuses on providing financing solutions for small- and middle-market companies. Despite a tough macro backdrop, the company has proven its resilience with strong first-quarter results. ARCC recently declared a quarterly dividend of 48 cents per share, with an attractive dividend yield of 9.1%. RBC Capital analyst Kenneth Lee
The dynamics of China’s electric car market are undergoing a significant transformation. It is no longer solely dominated by the race for the lowest price tag. With the imposition of new U.S. tariffs, the industry is experiencing a shift towards a new phase of competition. Beyond focusing on price alone, companies are now compelled to
Warren Buffett’s Berkshire Hathaway has been making headlines with its recent move to sell off stocks for the sixth consecutive quarter, despite the acquisition of a significant stake in insurer Chubb. The conglomerate reported a staggering $17 billion in net sales of publicly-traded stock in the first quarter, as revealed in the latest 13F regulatory
In a recent development, a Bitcoin holder found themselves in a precarious situation after mistakenly sending 90% of their BTC stash to an address believed to be associated with Satoshi Nakamoto. The error occurred during an attempt to sacrifice an ordinal for the PUPS token, resulting in an accidental transfer of over $7,000 in BTC