Bitcoin surged to $82,700 recently, causing excitement in the crypto market.
Cardano Founder Charles Hoskinson Predicts Bitcoin Could Reach $250,000 by End of 2025, Cites Stablecoin Legislation and Growing Adoption
Charles Hoskinson, founder of Cardano, has predicted that Bitcoin could reach $250,000 by the end of this year or next.
Trump signs bill to nullify expanded IRS crypto broker rule
(Reuters) -U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges, according to a statement from the White House. In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalized earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance - or DeFi - exchanges. Both the House of Representatives and the Senate in March voted to nullify the revision through the Congressional Review Act, which allows Congress to reverse new federal rules with a simple majority.
Mira Murati’s reported $2 billion ‘seed’ funding suggests the AI boom is alive and well, even after a week of economic chaos
Former OpenAI Chief Tech Officer Mira Murati’s AI startup, Thinking Machines, is looking to raise a massive $2 billion seed round, according to Business Insider. If true, it’s a jarring number that could reframe the debate about the AI boom.
Trump's tariff pause won't stop the stock market from falling, Goldman Sachs says
Already on Thursday, stocks were giving back a chunk of Wednesday's historic gain. Goldman Sachs says the tariff pause likely won't stem declines.
Stock market today: Dow, S&P 500, Nasdaq futures slide as Trump tariffs keep roiling Wall Street
Wall Street was set to wrap up another week of tariff-fueled turmoil.
President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
Retail investors didn't lose faith as stocks crashed — and it paid off big-time
"The willingness of Retail investors to place confidence on market upside despite radical policy uncertainty has clearly paid off," JPMorgan said.
Analysts Trim Target Prices for Tesla Stock, Citing Tariffs on Auto Industry
Tariffs remain in effect on Chinese goods, including batteries for electric vehicles and imported cars, analysts said.
Columbia Sportswear, Under Armour, Carter's, Disney, and Warner Bros. Discovery Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.