Strategy surpasses Goldman Sachs in trading volume, returns to top 50 US stocks

The post Eric Trump’s Bitcoin Mining Firm Loses $600M as AI Boom Hits Crypto Miners appeared on BitcoinEthereumNews.com. The post Eric Trump’s Bitcoin Mining Firm Loses $600M as AI Boom Hits Crypto Miners appeared first on Coinpedia Fintech News President Donald Trump’s son Eric’s Bitcoin mining venture has reportedly erased nearly $600 million in market value after its stock crashed more than 95% from its peak.  While the company continues adding Bitcoin to its treasury, investors are moving away from crypto mining stocks and putting more money into AI companies. American Bitcoin Stock Crashes … Source: https://coinpedia.org/news/eric-trumps-bitcoin-mining-firm-loses-600m-as-ai-boom-hits-crypto-miners/

The post BREAKING: Wells Fargo Discloses Huge Crypto Holdings in Bitcoin, ETH, SOL, MSTR, BMNR appeared on BitcoinEthereumNews.com. Wall Street giant Wells Fargo revealed massive crypto holdings via exchange-traded funds (ETFs) and stocks. The banks revealed exposure to Bitcoin, Ethereum (ETH), Solana, Strategy (MSTR), Bitmine (BMNR) and other crypto stocks. Wells Fargo Reveals Bitcoin, ETH, Solana ETFs Exposure In its latest SEC filing, $2.5 trillion AUM Wells Fargo disclosed 6.5 million shares in BlackRock Bitcoin ETF (IBIT). It also revealed a new call position and an increase in put position in IBIT amid growing uncertainty during the US-Iran war. IBIT holdings dropped by 75,102 shares compared to the Q4 quarter. Moreover, the Wall Street giant cut its exposure to the Invesco Galaxy Bitcoin ETF (BTCO), Ark 21Shares Bitcoin ETF, and the Fidelity Bitcoin ETF (FBTC). While Wells Fargo decreased holdings in IBIT, Bitcoin exposure increased in Grayscale Bitcoin Mini ETF, Bitwise’s BITB,

The unprecedented concentration in the S&P 500 raises concerns about diversification and potential vulnerability to sector-specific risks. The post Top 10 US stocks now account for 43% of the S&P 500, the highest concentration ever recorded appeared first on Crypto Briefing.

The post Goldman Sachs wins $70B in asset management for Verizon, Lockheed Martin appeared on BitcoinEthereumNews.com. Marc Nachmann, Goldman Sachs global head of asset and wealth management. CNBC Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market for outsourced corporate investing. The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman. The moves underscore how some of America’s largest employers are increasingly handing responsibility for managing retirement assets to outside firms like Goldman as portfolios become more complex and require expertise across public and private markets. Competition in the multitrillion-dollar market for retirement assets is fierce among managers incl

The post Bitcoin Mining Giant Buys Texas Land Once Promised for Green Fuel in $600M Bet appeared on BitcoinEthereumNews.com. MARA, a major Bitcoin (BTC) mining company, will buy a large Texas site once planned as a green fuel plant. The company will turn the land into flexible power for mining and artificial intelligence (AI) tenants. The deal with fuel developer HIF Global could reach $600 million if targets are met. It hands MARA a fully permitted site with grid rights for up to 2,000 megawatts in Matagorda County. MARA Stock Performance. Source: TradingView MARA’s Texas Site Trades Fuel for Computing HIF Global promoted the site as the first large e-fuels plant in the United States. Texas Governor Greg Abbott backed the roughly $7 billion project. It would split water to make cleaner shipping fuel and recycle carbon dioxide. Crucially, HIF had already won full permits and a secured grid connection for about 1.8 gigawatts of power. Those approvals can take years to win in the race fo

The post SpaceX’s First Bitcoin Transfer in Six Months Sparks Treasury Speculation appeared on BitcoinEthereumNews.com. Is SpaceX running a test? SpaceX as one of Bitcoin’s largest corporate holders Elon Musk’s SpaceX has just moved Bitcoin for the first time in six months, but the extremely small volume of the transfer has stirred curiosity across the crypto community. Following recent data shared by the Arkham Intelligence platform, a crypto wallet associated with SpaceX has moved about $88 worth of Bitcoin to another wallet that it also controls. Is SpaceX running a test? With the transfer coming after about six months of silence, and the company only moving $88 worth of Bitcoin out of its massive $1.16 billion Bitcoin holdings, questions are rising about the motive behind such an unusual move. $560 Million Record: CashCat Coin Takes Over Robinhood; Hyperliquid Joins XRP in Bitwise 10 Crypto Index; 105,742,020% in Bitcoin: Satoshi-Era Whale Awakens – Morning Crypto Report XRP ETFs L

The post Russia’s Largest Private Bank Alfa-Bank To Test Bitcoin And Crypto Trading appeared on BitcoinEthereumNews.com. Alfa-Bank, Russia’s largest private lender, is preparing to launch its own digital depository and a full slate of crypto services once national regulation takes effect, joining a widening race among Russian banks to capture a market that does not yet legally exist. Dmitry Vitman, chief operating officer of Alfa-Bank’s corporate and investment business, told RBC Investments that the bank intends to offer “all possible services related to digital currencies” once the relevant legislation comes into force.  “First and foremost, we plan to create our own digital depository and offer its services to other companies,” he said. Under the framework expected to govern the market, a digital depository would record and store cryptocurrency and digital financial assets, monitor client transactions, and block transfers to addresses not sanctioned by authorities. Firms that alread

The post Bitcoin Faces Key Test as Market Eyes Critical Price Zones appeared on BitcoinEthereumNews.com. Bitcoin‘s current market conditions reveal crucial selling pressure as it fails to surpass an upper boundary in its descending channel on the short-term chart. BTC‘s immediate price movement appears to be contingent upon developments within a critical liquidity range between $61,200 and $60,700, where trading activity intensifies. Continue Reading:Bitcoin Faces Key Test as Market Eyes Critical Price Zones Source: https://en.bitcoinhaber.net/bitcoin-faces-key-test-as-market-eyes-critical-price-zones