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Gary Gensler only officially stepped down as chairman of the U.S. Securities and Exchange Commission (SEC) yesterday, but the federal agency’s approach to crypto is already getting an overhaul. Acting Chair Mark Uyeda announced Tuesday that the agency has created a crypto task force dedicated to “developing a…

It’s been a rough year for the Ethereum Foundation, the grant-giving nonprofit that helps support Ethereum, the best-known blockchain behind Bitcoin. As Ethereum loses market cap and mindshare to competitors, the foundation has been beset by scandal. Vitalik Buterin, Ethereum’s co-founder and chief figurehead, has laid out a…

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After a slow start, there has been steady buying in US equities today. That’s continued to session highs despite Treasury yields climbing off the lows. The S&P 500 is now up 0.8%. Apple continues to be a laggard as it declines 4.3% (and is near a session low)…

Eamonn highlighted this earlier in the week but here is some more detail on the latest Bank of America fund manager survey. Note that it’s based on opinions of positioning not self-reported positioning but it’s still a good barometer of how market participants are placed. Oftentimes trades flip…

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The GBP/USD moved lower during the Asian and European sessions but found support near the converged 100- and 200-hour moving averages (MAs). Sellers turned into buyers at this critical area, and the pair began to rotate back to the upside. The upward momentum has now pushed the price…

CBS is reporting that Pres. Trump is settling out billions of dollars in a private sector investment focused on building AI infrastructure. THe president will the speaking to it at 4 PM ET. OpenAI, Softbank and Oracle are planning a joint ventrue called Stargate Oracle shares are trading…

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