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That meant a sizable gain for Ellison’s net worth, which is heavily tied to the company. The 81-year-old entrepreneur co-founder, who currently owns more than 40% of Oracle, subsequently enjoyed a $101 billion surge in wealth overnight, to $393 billion—placing him ahead of Musk’s $385 billion fortune. He joined the likes of Amazon executive chairman … Read more
Is Bitcoin critic Peter Schiff finally going to be right for the first time in 16 years about Fed rate cuts? If you say the sky is falling until it happens, then you will say “See, I called it!!” just like Schiff. Schiff took to X (formerly Twitter) to argue that BTC may be “topping … Read more
FTX estate redeemed 192,000 SOL this week, worth $43 million. Since November, FTX and Alameda have unwound nearly $1.2 billion in Solana, steadily moving funds through exchanges. Summary FTX estate redeemed 192,000 SOL this week, valued at $43 million. Since November 2023, nearly $1.2 billion in Solana has been liquidated. Over 4.18 million SOL remains … Read more
China’s economy grew at a slower clip in the second quarter, slightly beating expectations as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn. China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics on Tuesday, slightly beating Reuters-polled … Read more
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images Bitcoin extended its rally on Friday, rising to new records overnight after bitcoin ETFs saw their biggest day of inflows of the year. The price of … Read more
Nvidia CEO Jensen Huang delivering a keynote address at the Consumer Electronics Show in Las Vegas, Nevada on Jan. 6, 2025. Patrick T. Fallon | Afp | Getty Images More than two years into the generative artificial intelligence boom, Wall Street is setting an increasingly high bar for chipmakers. When it comes to earnings reports … Read more
Bitcoin price may be topping out, looking at on-chain data. There are now more speculators than HODLers. Will BTC price hold above $90,000? The Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Price Volume in 24h <!– ? –> Price 7d rally might be coming to an end, according to the latest Glassnode data. … Read more
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