Dow, NASDAQ and S&P 500 open lower as tech selloff deepens, dragging crypto down with it

The tech selloff highlights crypto's vulnerability to market shifts, emphasizing its correlation with tech stocks and risk sensitivity. The post Tech selloff drags crypto to its lowest levels of the year appeared first on Crypto Briefing.

Russell 2000 up ~16% YTD and closing at 3,007 is pressuring an S&P 500 where the top‑10 hold ~37%. June’s ~$150B reconstitution is shifting flows.

StablecoinX closes its SPAC merger with TLGY and lists on NASDAQ as the first public company built on the Ethena stablecoin ecosystem. StablecoinX has officially closed its business combination with TLGY Acquisition Corp.  The combined company marks a key milestone in crypto capital markets. It is now the first publicly traded pure-play stablecoin infrastructure company.  […] The post StablecoinX Goes Public as First Ethena Infrastructure Company appeared first on Live Bitcoin News.

OpenAI's IPO delay highlights the volatile tech market's impact on AI valuations, influencing strategic timing and competitive positioning. The post OpenAI IPO timeline raises concerns amid tech selloff appeared first on Crypto Briefing.

PHLX Semiconductor Index posts record 100-day start while Apple signals unavoidable price hikes amid rising memory costs. Can chip gains cushion an S&P 500 drag?

The tech selloff highlights the vulnerability of emerging markets to global tech trends, impacting investor confidence and market stability. The post Emerging-market stocks slide most in three weeks on tech selloff appeared first on Crypto Briefing.

StablecoinX starts Nasdaq trading under USDE after its TLGY merger, holding $275m in ENA tokens tied to Ethena’s stablecoin ecosystem.

StablecoinX's Nasdaq debut highlights growing institutional interest in DeFi, but its reliance on ENA tokens poses significant financial risks. The post StablecoinX debuts on Nasdaq, betting big on Ethena’s ecosystem with $890M war chest appeared first on Crypto Briefing.