INSANE: 28 | Rare Historical Photos

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.

Fortune · 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.

International Business 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

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…

The Economic Times · Aug 5

Cathie Wood Cashes in on Palantir's 29% Pop as Ark Sells $6.4 Million Worth of Shares — Doubles Down on Spotify After Its Earnings Miss

On Tuesday, Cathie Wood-led Ark Invest executed notable trades involving Palantir Technologies Inc. (NASDAQ:PLTR) and Spotify Technology S.A. (NYSE:SPOT).

Benzinga · Aug 5

Bitcoin, Ethereum Gain; XRP, Dogecoin Slide Amid Iran Deal Hopes: Analyst Says 'Most of the Pain' of the BTC Bear Market Already in

Leading cryptocurrencies edged higher on Tuesday as investors weighed the prospects of a U.S.-Iran peace agreement after weeks of fighting.

Benzinga · Aug 5

Trump's Memecoin May Be An 'Illegal Scam,' Sen. Warren Warns. She Wants The SEC To Investigate

Two Democratic senators want the SEC to investigate whether Donald Trump's memecoin was used for fraud or unjust enrichment, even as the agency maintains that ordinary memecoins generally fall outside federal securities laws.

International Business Times · Aug 4