S&P 500 and Nasdaq set for weekly losses as chip stocks slide

Cathie Wood’s ARK Invest scooped up shares of Coinbase, Circle, Bullish, and Robinhood on June 25 as all four crypto-linked stocks fell, according to the firm’s daily trade disclosures. The purchases clearly reflected Wood’s ongoing strategy of buying into weakness. Buying Into a Broad Crypto-Equity Selloff ARK added 35,023 shares of Robinhood (Nasdaq: HOOD), worth […]

Tech sector volatility highlights investor concerns over AI spending and semiconductor weakness, impacting broader market stability and crypto. The post Dow, S&P 500 and Nasdaq decline in final hour of trading as tech weakness drags markets lower appeared first on Crypto Briefing.

StablecoinX Inc. (Nasdaq: USDE) began trading Friday after closing its SPAC merger with TLGY Acquisition Corp., becoming the first publicly listed company holding approximately 3.03 billion ENA tokens and building infrastructure for the Ethena ecosystem.

StablecoinX's NASDAQ debut highlights the growing institutional interest in crypto ecosystems, but poses significant concentration risks for investors. The post StablecoinX begins trading on NASDAQ under $USDE ticker appeared first on Crypto Briefing.

The tech selloff highlights vulnerabilities in market structures, affecting crypto and signaling potential shifts in investor strategies. The post Dow, NASDAQ and S&P 500 open lower as tech selloff deepens, dragging crypto down with it 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.

A Morgan Stanley Investment Management senior portfolio manager says the pullback witnessed in AI memory and chip names is an opportunity for investors to load up on dips. In a new CNBC interview, Andrew Slimmon says he remains bullish on companies benefiting from the massive AI spending, despite the recent retracement. Slimmon believes that the […] The post Morgan Stanley Sees Opportunity To Accumulate in AI Memory and Chip Stocks After ‘Healthy’ Pullback – Here’s Why appeared first on The Daily Hodl.