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New York City · New YorkIt has emerged that BNY Mellon, the largest custodian bank globally, is among the latest entities to gather exposure to Bitcoin (BTC) through a spot exchange-traded fund (ETF). In a Securities Exchange Commission (SEC) filing, the institution revealed its exposure to ETFs from BlackRock (NYSE: BLK), the world’s largest investment firm, and Grayscale. The bank’s foray into the Bitcoin ETF market potentially signifies the increasing interest in th…See the Story
BNY Mellon: World'sWorld's largest custodian bank reports exposure to BTC
Wall Street · Greenwood VillageDespite negative sentiment in gold mining stocks and Wall Street analysts downgrading the shares of the renowned mining firm Newmont (NYSE: NEM) to a ‘hold,’ the NEM stock has soared over 15% in a single day on a positive earnings report, pulling with it the rest of the industry. Specifically, gold bug Peter Schiff has recently commented on the price action of shares of Newmont, the leading gold mining company, upon its better-than-expected earn…See the Story
US economist says Wall Street is ‘completely clueless to what’s about to happen’
TeslaAfter an outstanding performance in 2023, this year has been forgettable for Tesla (NASDAQ: TSLA) stock. Declining sales, production setbacks, layoffs, and revenue shrinkage due to cost pressures are just the tip of Tesla’s challenges. According to CEO Elon Musk, approximately 10% of Tesla’s global workforce, totaling 140,000 employees, has been laid off as part of a strategy to ‘boost productivity, reorganize, and succeed.’ However, during the …See the Story
Tesla stock prediction for end of 2024
Jim CramerFor much of 2024, Tesla Motors (NASDAQ: TSLA) has mostly been referenced in the news in a negative context – an expected result of it, by March, decisively becoming the worst-performing S&P 500 stock, even beating the catastrophe-ridden Boeing (NYSE: BA) to the title. Things, however, took a major turn for the better upon the release of the first-quarter earnings report, which, despite failing to meet the severely downgraded forecasts for the mo…See the Story
Billionaire investor says Tesla stock will ‘go up huge’
Ripple dumps the remaining 100 million XRP of April’s sell-off
Bitcoin set for most aggressive price movement, targets $300k
WhalesThe cryptocurrency market has witnessed a notable shift as highly capitalized investors, often referred to as “whales,” continue accumulating Bitcoin (BTC), driving its price toward new heights. Notably, a prominent Bitcoin whale has accumulated 4,380 BTC over the past month, signaling potential optimism for an upcoming market turnaround. In particular, this Bitcoin whale capitalized on the recent market dip by making a substantial purchase of 6…See the Story
Is a market turnaround near? Whale scoops up 4,380 BTC in a month
CryptocurrencyWith another week in the cryptocurrency sector closing with cautiously bullish sentiment, some of its assets, which are still available under the low entry price of $1 per wholecoin, represent a better buying opportunity than others for the week to come. In this context, Finbold has analyzed the market to arrive at the list of three digital assets that currently cost less than a dollar apiece but might be among the most sound investment decision…See the Story