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YOU WONT BELIEVE: 27 - What They Never Told You

Michael Saylor Says ChatGPT Helped Strategy Raise $15 Billion for Bitcoin Purchases: 'They Never Thought to Do It'

Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor said OpenAI‘s ChatGPT helped Strategy design a novel preferred stock structure that ultimately enabled it to raise roughly $15 billion to purchase additional Bitcoin (CRYPTO: BTC).

Benzinga · Aug 7

Old strategies buried alive: How CAS hit Dalal Street traders

The new closing auction session (CAS) has rattled Dalal Street, with traders saying long-standing strategies are no longer working. SEBI, however, remains confident the system will improve as participation rises. Weak liquidity and volatile closing prices have intensified concerns, forcing traders and brokerages to adapt to the new market mechanism.

The Economic Times · Aug 7

HYPE Was Crypto's Best Altcoin, Now It's Dying

Hyperliquid's HYPE token trades around $55 on August 7, up roughly 5% on the day but a long way below the $76.81 all-time high it printed back in June.

International Business Times · Aug 6

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Bitcoin Stays Above $64,000 As A Huge SpaceX Stock Unlock Begins. Markets Watch The Development Closely

Bitcoin traded above $64,000 on Thursday after recovering from an early-week pullback, while investors turned their attention to a $101 billion SpaceX share unlock, declining AI-related stocks and upcoming earnings from SoftBank.

International Business Times · Aug 6

Sebi proposes separate master circular for clearing corporations

The Securities and Exchange Board of India (Sebi) is set to refine regulations for stock exchanges and clearing corporations. There will be a distinct master circular for clearing entities, alongside enhanced website disclosure obligations. Additionally, existing provisions regarding stock brokers are to be eliminated from current master circulars. This initiative…

The Economic Times · Aug 6

Blueprint for a Banking Fortress: Circle Redraws the Map

Circle secured new banking charters and IBM patents while USDC volume rose 151% year over year, even as Q2 earnings missed estimates amid heavy spending on its Arc blockchain launch.

MarketBeat · Aug 6

Bed Bath & Beyond Renovates: The Neighborhood Blueprint

Bed Bath & Beyond will rename itself Neighborhood Intelligence and move to Nasdaq as NXH on Aug. 17, as revenue grows but losses and integration risks persist.

MarketBeat · Aug 6

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Crypto Legislation Delay 'Disappointing,' but 'Doesn't Change the Direction of Travel' for Digital Assets, Says Analyst

The legislation window for the CLARITY Act to pass before the August deadline appears to be closing quickly, but experts believe the delay would not change the overall “direction” of the cryptocurrency market.

Benzinga · Aug 6

Bitcoin trades near $64,000 as profit booking emerges, but bulls continue to hold control

Bitcoin traded near $64,700 as buyers maintained control despite profit-booking at higher levels. While major altcoins saw mixed price action, market experts highlighted steady institutional demand, supported by continued net inflows into US spot Bitcoin ETFs, as BTC consolidates below its key resistance zone of $65,000.

The Economic Times · Aug 6

Why Was an FBI Agent Charged With Stealing $1 Million in Cryptocurrency?

A former FBI agent, Patrick Steven Yaroch, is accused of stealing nearly $1 million in cryptocurrency from digital wallets monitored by the FBI, exploiting his access to sensitive investigations.

International Business Times UK · Aug 6

Bitcoin, Ethereum Gain; XRP, Dogecoin Slide Amid Crypto Act Standoff: Analyst Spots BTC Bottom Signal That Preceded 740% Rally Before

Leading cryptocurrencies inched higher on Wednesday amid a renewed Senate push to pass the CLARITY Act before the recess.

Benzinga · Aug 6

Stocks in news: PB Fintech, LIC, Trent, Ola Electric, and Cipla

In a day of mixed economic signals, Indian markets displayed notable volatility before settling at a flat close. PB Fintech enjoyed a substantial rise in profits thanks to robust growth in insurance premiums. ONGC is also gearing up to ink deals with Venezuela for managing oil blocks. Simultaneously, Ola Electric…

The Economic Times · Aug 6

Roblox value tanks 72% as viral hits dry up and execs try to ditch "clickbait-y, or kind of cash grabby-type games" for babies and pursue an older crowd

More like Dress to Depress

GamesRadar · Aug 5

Quote of the day inspired by Homer’s Odyssey: 'Men are so quick to blame the gods, they say that...' — and why the worst disasters are always self-inflicted

Throughout history, individuals have sought to attribute their setbacks and misguided choices to outside influences. This theme resonates in ancient tales like The Odyssey, illustrating a long-standing human inclination. In contemporary discussions, psychology's locus of control principle reflects this habit. Today, institutions and technology take center stage as convenient scapegoats…

The Times of India · Aug 5

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Fortune · Aug 5

Feds accuse crypto founder of stealing $10 million from NFT investors, spending it on Miami condo and DJ hobby

The founder of NFT marketplace Few and Far allegedly promised 427% returns to 67 investors.

International Business Times · Aug 5

Bitcoin's 500-Day Rule Once Predicted Bull Runs. Wall Street May Be Changing That

Bitcoin's famous 500-day rule is signaling another potential buying opportunity later this year, but market experts say the rise of spot ETFs and institutional investors could weaken a strategy that worked across previous halving cycles.

The Economic Times · Aug 5

Circle shares fall nearly 4% as revenue miss overshadows quarterly profit beat

Circle's profits in the second quarter significantly outperformed expectations, attributed to the growing adoption of USDC tokens. The surge in USDC circulation, accompanied by a marked increase in onchain transaction activity, highlighted a positive trend. Despite a dip in the reserve return rate during this period, stronger circulation volumes partially…

The Economic Times · Aug 5

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities ended marginally higher despite sharp swings driven by closing auction session confusion. RBI maintained rates, raised FY27 GDP outlook and lowered inflation forecast. Realty, auto and metal stocks outperformed, while analysts expect Nifty to remain range-bound unless it decisively crosses 24,800.

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GamesRadar · Aug 5

The Keychron K2 Ultra 8K is a dense, heavy keyboard in more ways than one

The Keychron K2 Ultra 8K impresses in its build quality, versatility, and price point, but lighter typists may struggle with these actuation forces.

MarketBeat · Aug 5

The FTC Is Suing Hims & Hers Health—Here's Why Investors Shouldn't Panic

Hims & Hers Health shares have rallied despite an FTC lawsuit over data sharing and billing practices, as weight-loss drug partnerships and Wall Street's cautious Hold rating shape the stock's outlook ahead of Q2 earnings.

The Economic Times · Aug 5

Sensex rises 152 points, Nifty closes above 24,600 as market trims gains. What lies ahead?

Indian equity benchmarks Sensex and Nifty ended higher on Wednesday after the RBI MPC maintained interest rates and raised the FY27 GDP growth outlook. Despite early upswings, markets trimmed gains due to rising crude prices and West Asia tensions. Auto and realty stocks outperformed, while IT shares faced selling pressure.

The Economic Times · Aug 5

Bitcoin stabilizes above $64K as macro sentiment improves; Ethereum recovery remains weaker

Bitcoin stabilised above $64,000 as easing geopolitical tensions, lower oil prices, softer US Treasury yields and a weaker dollar improved risk appetite. Ethereum lagged the recovery, while analysts said weak institutional flows and cautious positioning continue to limit crypto gains.

The Economic Times · Aug 5

Nifty Smallcap 250 hits 52-week high as Ola Electric, other stocks rally up to 7%. What lies ahead?

Broader markets rallied on Wednesday, with the Nifty Smallcap 250 gaining nearly 1% to hit a fresh 52-week high, supported by strong smallcap earnings and easing valuations. The index climbed close to its September 2024 record, while the Nifty Smallcap 100 also hit a fresh all-time high.

The Economic Times · Aug 5

Nifty can rally to 28,615 by this December in Axis’ bull case scenario. Here’s why

Axis Direct expects the Nifty to climb to 28,615 by December in its bull-case scenario, driven by a revival in private capex, resilient domestic demand and improving earnings. The brokerage remains overweight on BFSI, healthcare and capital goods, while cautioning that global risks and elevated valuations could trigger near-term volatility.

The Economic Times · Aug 5

Nifty stuck in slow lane even as Sensex rallies 450 pts. How long can this divergence last?

Sensex and Nifty continued to diverge on Wednesday, with the Sensex gaining over 450 points while Nifty remained largely flat. The divergence comes amid caution following the introduction of the Closing Auction Session (CAS), which triggered sharp volatility in Nifty during Monday’s final minutes. Markets were also reacting to the…

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