Cardano lost 28% of its value in the last seven days, losing its position in the market to become the 15th-largest cryptocurrency by market cap. It has declined below the $0.1700 level, with sentiment largely unsettled by remarks from founder Charles Hoskinson, which briefly intensified uncertainty across the market before being partially clarified. Cardano drops
US stocks opened higher on Monday as semiconductor shares rebounded from last week’s steep selloff, while investors also found some relief in signs that tensions in the Middle East may be easing. The Dow Jones Industrial Average index opened 252 points higher. The S&P 500 rose about 0.94% while the Nasdaq Composite gained roughly 1.34%.
ZIGChain, a blockchain focused on bringing investment products on-chain for institutions and retail users, has announced an integration with Ondo Finance to bring Ondo’s tokenized stocks and ETFs to the ZIGChain ecosystem. The integration is intended to expand access to on-chain exposure to publicly traded U.S. securities, particularly for users across the GCC region and
US semiconductor stocks began recovering on Monday after suffering a brutal selloff on Friday that wiped roughly $1.3 trillion from the sector’s value, as investors debated whether the decline marked a healthy correction or the start of a deeper downturn for one of Wall Street’s strongest trades. The sharp decline was triggered by a combination
Shares of Corning GLW climbed sharply by 8% on Monday after Amazon unveiled a multibillion-dollar agreement with the advanced glass and fiber-optics manufacturer. The deal will see Corning supply critical networking infrastructure for the technology giant’s expanding US data center footprint. The long-term partnership will see Corning provide optical fiber, cable, and connectivity solutions that
Brent and West Texas Intermediate (WTI) crude oil benchmarks held steady on Hyperliquid on Sunday as investors watched the new developments on the ongoing US-Iran quagmire. WTI was trading at $91.7, while Brent was trading at $94.55. Crude oil price in a tight range as US-Iran talks stall The energy market is in a tight
Top cryptocurrencies rebounded on Sunday following a major crash over the past few days, as the US published strong non-farm payrolls (NFP) data. Humanity Protocol (H) token rose for three consecutive days, reaching a high of $0.7055, up by 30% from its lowest point this month. Its 24-hour volume rose to over $255 million. Terra
Ethereum (ETH) price stabilized a bit on Sunday, rising to $1,600 from the Saturday low of $1,512. It remains 34% from its highest point in May, and 67% below its all-time high. It has also formed an inverted cup-and-handle pattern, pointing to more downside. Ethereum price technical analysis points to more downside The daily chart
SpaceX is just days away from making stock market history. Elon Musk’s rocket, satellite, and artificial intelligence company is expected to begin trading on Nasdaq on June 12 after pricing its initial public offering the day before. With a targeted fundraise of $75 billion and a valuation approaching $1.8 trillion, the offering is set to
Shares of Meta Platforms fell sharply on Friday after a report suggested the social media giant is exploring a potential multibillion-dollar stock offering to help finance its growing artificial intelligence ambitions. META shares dropped more than 5% during the session, with losses accelerating after the Financial Times reported that the company is considering raising tens