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In today’s crypto update, Ethena saw its total value locked (TVL) drop from $14.8 billion to $7.6 billion, a reduction of more than 50% that highlights how tricky yield-bearing stablecoins can be. When markets grow, they grow fast. However, they contract just as quickly. USDe’s TVL dropped as traders exited looping strategies on platforms such … Read more
The city of Lisbon in Portugal turns to tech next week, as it plays host to the annual Web Summit conference. The event, also known as the “Davos for geeks,” will feature some of the biggest names in technology at an interesting time for the sector. It attracted more than 70 ,000 attendees last year. … Read more
A top market analyst’s warning in late October about a looming “prisoner’s dilemma” and an “AI wobble” in the stock market became chillingly prescient this week as even bullish earnings from Palantir failed to stop a dramatic tech-led selloff. The remarks came from Tony Yoseloff, managing partner and chief investment officer at Davidson Kempner Capital … Read more
Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.” Details on how much domestic manufacturing is required to qualify for the exemption remain unclear. Japanese semiconductor manufacturer Tokyo Electron fell over … Read more
The S&P 500 followed a record-breaking Thursday by dipping 0.33% Friday after President Donald Trump said he would impose a 35% tariff on Canada on August 1. The stock market dipped on Friday after President Donald Trump issued his latest tariff threat against Canada. The S&P 500 posted a daily decline of 0.33% and was … Read more
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