SpaceX shares have soared following their blockbuster IPO debut, rising as much as 67% above the $135 offer price and pushing the stock to $225 before recent pullbacks. Despite the strong early performance, attention is now shifting toward the company’s staggered lockup schedule, which could introduce significant new supply into a tightly held market. The
Hyperliquid’s HYPE token has reclaimed the $70 mark after dropping to the $68 level on Wednesday. The slight decline comes two days after Hyperliquid hit a new all-time high of $76. The institutional inflow suggests that buying pressure for Hyperliquid persists, which could push its price higher in the near term. ETF demand continues to
Bittensor’s TAO token slipped below the $250 mark on Thursday, recording its fourth consecutive day of losses as weakening retail interest and deteriorating market sentiment weigh on the AI-focused cryptocurrency. At the time of writing, TAO remains under pressure, with derivatives data showing a notable decline in trading activity and investor appetite. The token is
The Bank of England left its benchmark interest rate unchanged at 3.75% in June, maintaining its cautious stance amid ongoing uncertainty surrounding inflationary pressures linked to recent geopolitical developments. The central bank’s Monetary Policy Committee voted 7-2 in favour of keeping rates on hold. External MPC member Megan Greene and Chief Economist Huw Pill dissented,
Pi Network’s PI token is trading around $0.1300 on Thursday, down by 1% in the last 24 hours as the broader cryptocurrency market struggled to sustain a recovery. The token remains under pressure as recurring spikes in long liquidations and cautious investor sentiment weigh on the market. Technically, PI risks invalidating a recent bullish breakout
Shares of consulting and technology services giant Accenture plunged 14% in premarket trading on Thursday after the company lowered the top end of its annual revenue growth forecast, underscoring concerns that businesses remain cautious about spending on discretionary technology projects. The company now expects annual revenue growth of 3% to 4%, compared with its earlier
The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader economic uncertainties. Initial claims for state unemployment benefits dropped by 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department
US stocks opened higher on Thursday as investors looked to recover from the previous session’s selloff, with optimism surrounding a temporary US-Iran peace agreement helping offset concerns about a more hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose about 349 points, or 0.68%, while the S&P 500 gained 1.03%.
SpaceX stock (SPCX) fell sharply on Thursday, extending a pullback that has emerged after the stock’s explosive rally following its record-breaking initial public offering last week. Shares of Elon Musk’s space and artificial intelligence company dropped 5% in early trading as investors took profits after a rapid ascent that briefly made SpaceX one of the
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure. BitMine stock has slipped amid soaring unrealized losses Tom