Author: News Room

The landscape of cryptocurrency investments through Exchange Traded Funds (ETFs) continues to evolve with dynamic shifts, as indicated by recent data. An analysis of the latest trends reveals substantial movements within various Bitcoin-focused ETFs, showcasing their influence on market behavior and investor sentiment. Substantial Movements in Leading ETFs The data from May 31 illustrates significant activities across several prominent Bitcoin ETFs, reflecting the diverse strategies of asset managers and the fluctuating interest from investors. Fidelity’s Wise Origin Bitcoin Fund led the way, bolstering its holdings by 1,727 BTC, valued at approximately $116 million. This substantial addition brings Fidelity’s total Bitcoin…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Donald Trump’s conviction by a New York jury on 34 felony counts is historic and unprecedented. No former president or major party presidential candidate has also been a felon. When CNN asked readers for their questions, a flood came in. Some of the more interesting and most-asked questions are below. And if there’s something we didn’t get to, ask us here. What are felons barred from doing? It varies by state. In New York, where Trump was convicted, there…

Topline The Biden campaign said former President Donald Trump’s historic felony conviction Thursday shows “no one is above the law,” but reminded voters it won’t stop Trump from running for president, in a rare statement just minutes after a Manhattan jury found Trump guilty on all 34 counts of falsifying business records. Key Facts Biden posted a fundraising appeal to his X account shortly after his campaign released a statement, writing “there’s only one way to keep Donald Trump out of the Oval Office: At the ballot box,” with a link to donate to the campaign. Biden campaign spokesperson Michael…

By Lewis Krauskopf NEW YORK (Reuters) – It’s been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot. The Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark and the 1% rise in the , which topped 40,000 points for the first time this month. While major indexes including the S&P 500, the and the Dow have all set new all-time highs this year, the Dow transports have yet to top their November 2021 record,…

A cryptocurrency trader has managed to take advantage of the launch of a red-hot celebrity-themed token to capture a large percentage of its total supply, which they used to turn less than 1 ETH into over $350,000. According to available blockchain data, the trader took advantage of the launch of a Caitlyn Jenner-themed token trading under the ticker symbol $JENNER, and promoted by Caitlyn Jenner herself on social media. $Jenner is live NOW on $ETH. Official contract address to trade now: 0x482702745260Ffd69FC19943f70cFFE2caCd70e9 pic.twitter.com/9Bz9DCFvqz — Caitlyn Jenner (@Caitlyn_Jenner) May 30, 2024 The cryptocurrency trader managed to use roughly $3,200 – 0.85…

A key witness in the federal corruption trial of Sen. Bob Menendez testified Friday that the New Jersey Democrat told him to “stop interfering” when he raised concerns about a newfound food industry monopoly by a constituent of the senator’s. Ted McKinney, a former US Department of Agriculture official, said he learned in April 2019 that Egypt had de-listed seven halal certifiers in the US from approving meat exports and replaced them with a sole certifier, IS EG Halal. That company is owned by Wael Hana, Menendez’s constituent and alleged co-conspirator in the case. Menendez and Hana, along with New…

Just days before the UEFA iShares MSCI EAFE ETF Champions League final pits Real Madrid against Borussia Dortmund at Wembley Stadium, the Spanish club has been rocked by speculation from MARCA that Manchester City is pursuing one of those expected to start in London. The report claims that the Cityzens are monitoring the situation of attacker Rodrygo Goes, who has scored 17 goals in 50 games for the Spanish team this campaign. He has become a regular alongside Vinícius Júnior in Los Blancos’ attack, with Jude Bellingham also performing well as part of a front three. The Brazilian is not…

Amazon’s package delivery drones are expanding their horizons following a nod of approval from the FAA, the company announced on Thursday.”We’re excited to share that the FAA has given Prime Air additional permissions that allow us to operate our drones beyond visual line of sight, enabling us to now serve more customers via drone and effectively expand and scale our drone delivery operations,” Amazon said in a press release.The FAA requires companies to get approval to operate drones beyond a pilot’s visual line of sight, something Amazon said it accomplished after developing “detect-and-avoid technology.” “We’ve spent years developing, testing, and…

By Howard Schneider WASHINGTON (Reuters) -Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s confidence in falling inflation and take the edge off of corporate profits that have grabbed a larger share of national income since the start of the COVID-19 pandemic. Adjusted for inflation both overall consumption and disposable income dropped slightly in April. The Commerce Department had reported on Thursday that the U.S. economy grew more slowly than initially thought over the first three months of the year largely because of a lowered pace of consumption, a…

(Reuters) – A Tesla (NASDAQ:) shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit filed in Delaware Chancery Court, said that Tesla’s share price plummeted after the company’s fourth-quarter numbers were made public on Jan. 2, 2023, and claimed that Musk “improperly benefited” by about $3 billion in insider profits. “Musk exploited his position at Tesla, and…