Indian information technology stocks witnessed their steepest weekly fall since the early days of the COVID-19 pandemic, wiping out nearly $50 billion in market value as investor anxiety over artificial intelligence, weak global cues, and fading hopes of US rate cuts converged into a sharp sell-off. The rout gathered pace on Friday after a tech-led
Recent developments around revenue redirection within the Aave ecosystem have shifted investor attention from short-term price swings to long-term value capture. This shift comes at a time when AAVE is already trading far below its historical peak, making narrative-driven catalysts increasingly important. If the DAO revenue redirection proposal is approved, it could strengthen the long-term
Dow futures pointed lower ahead of Friday’s CPI inflation report, setting up a tense open after a bruising tech-led selloff the prior session. The trend was similar across the futures of all indices as S&P 500 futures slid 0.41% to 6,822 and Nasdaq-100 futures eased 0.55% to 24,630, and Dow futures slipped over 200 points
The broader cryptocurrency market is having a mixed performance on Friday, with most leading cryptocurrencies currently in the red. However, POL, the native coin of the Polygon blockchain, is one of the best performers in the market. It has added 3.5% to its value over the last 24 hours and could be set for a
Bitcoin’s latest bout of selling has a different feel. Instead of the usual crypto stress signals, panic from small investors, a wave of forced liquidations, or miners dumping coins to pay bills, this time the pressure looks more like portfolio housekeeping by institutions. As US rate expectations swing and cross‑asset volatility climbs, professional allocators are
Coinbase stock price continued its freefall this week as the crypto exchange released its financial results. COIN plunged to a low of $141 on Friday, its lowest level since February 2024. It has plunged by 68% from its all-time high. Coinbase business deteriorated in the fourth quarter The COIN stock price remained under pressure after
Kalshi is moving into the sports insurance sector through a partnership with specialist broker Game Point Capital, signalling a shift in how insurers hedge financial exposure tied to sports performance. The regulated prediction market exchange is positioning itself within a fast-growing industry valued at around $9 billion annually and expected to double by 2030. The
US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along with a strong jobs report has reinforced the view that interest rates are likely to stay unchanged for now. Data from the Labor Department showed consumer prices rose 2.4% in the 12 months
Sam Bankman-Fried has resurfaced on social media with fresh allegations about the conduct of US prosecutors during his criminal trial. The FTX founder claims that new evidence shows officials within the Biden administration’s Department of Justice pressured witnesses, either discouraging them from speaking or pressuring them to alter their testimony. His posts on X come
At the moment, the oil market is riddled with different scenarios, which keep investors on their toes. The prospect of India completely stopping Russian oil imports may lead to market tensions and supply mismatch, according to experts. Moreover, experts argue, Russia would not be able to find alternative buyers if India stops purchasing oil from