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Washington tightens EV market access as geopolitical tensions fuel global demand
Swedish electric car maker Polestar (PSNY) says it will stop selling cars in the United States after the Commerce Department blocked its sales in the country. The company, which is owned by Chinese carmaker Geely, said US officials chose not to “grant Polestar authorization under the current US Connected Vehicle Rule.” That decision means Polestar...Cryptopolitan
Thu, Jun 25
Bitcoin bears target a $52,000 price level as traders position for a 2026 decline
Bitcoin crashed to $58,700 on Thursday and now options traders are convinced it will crash as far as $52,000 before the year is over, which would be its lowest level since August 2024. That decline saw Bitcoin fall by almost 52% from its all-time high and left the OG crypto below the $60,000 level, which...Cryptopolitan
Thu, Jun 25
SBI Holdings agrees $289M deal to take over Japan's Bitbank exchange
SBI Holdings has agreed to acquire all shares of cryptocurrency exchange Bitbank in a ¥46.7 billion ($289 million) transaction. This deal would make the combined group Japan’s largest crypto exchange operator by assets under custody. The acquisition runs through SBICAH, a wholly owned SBI subsidiary. How does the deal work? Starting around August, SBICAH will...Cryptopolitan
Thu, Jun 25
Amazon to invest additional $13 billion in India for its AI and cloud infrastructure
Tech giant Amazon has announced an influx of an additional $13 billion into India by year 2030, which aims to improve AI and cloud infrastructure in the Mumbai and Hyderabad regions. This fresh commitment will raise the company’s total planned investment in the country to $48 billion over the next half a decade. Amazon’s new...Cryptopolitan
Thu, Jun 25
Kraken expands OTC lending via Maple's onchain credit infrastructure
The Kraken crypto exchange and Maple Finance have launched an onchain warehouse lending facility that channels USDC liquidity from Maple’s collection of lenders to Kraken’s over-the-counter borrowers, applying the structural framework behind traditional asset-backed securities to crypto lending for the first time. Lending facility details Maple will provide the senior financing through a special purpose...Cryptopolitan
Thu, Jun 25
IBM stock jumps ~6% after company unveils sub-1 nanometer chip technology
Markets have not opened yet, but investors are already lining up to take the action on IBM’s stock (NYSE: IBM) as the tech giant revealed what it calls the first chip technology to go under the 1-nanometer technological barrier. The news has sent IBM shares up nearly 4% in pre-market trading, a necessary shot in...Cryptopolitan
Thu, Jun 25
Big Tech competitors object to EU exemption of Google Cloud from DMA crackdown
The European Union is stepping up its regulation of big tech, this time turning its attention to artificial intelligence and cloud computing. On Thursday, the European Commission announced plans to designate Microsoft Azure and Amazon Web Services as gatekeepers under the bloc’s Digital Markets Act (DMA). The two companies are the world’s largest cloud service...Cryptopolitan
Thu, Jun 25
Crypto Today: Bitcoin, Ethereum, and Ripple defend their last line of defenses
The broader cryptocurrency market remains under immense downward pressure as investors' interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers.
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
The Week Ahead: Tesla, Meta and WDC Earnings Take Center Stage as US Q3 Earnings Season Enters Key Trading Window
