Latest News
XRP ETF Inflows Reach $1.325 Billion After Ripple Bank Settlement Pilot
U.S. spot XRP ETFs drew $6.04 million on May 8, lifting cumulative inflows to $1.325 billion, following a pilot connecting XRP to bank settlement networks.
ON Semiconductor Raises $1.3B via Convertible Notes, Eyes Buyback and Growth
ON Semiconductor priced $1.3 billion in zero-coupon convertible notes due 2031, using $331.9 million for share buybacks, as the chipmaker signals a cyclical recovery and AI-driven demand.
S&P 500 and Nasdaq Hit Records Ahead of CPI Data, AI Chip Stocks Surge
The S&P 500 and Nasdaq set record highs on Friday, fueled by AI chip stocks and a better-than-expected U.S. jobs report. Nvidia, Micron, and Sandisk rose sharply, while Cloudflare dropped 24%.
BitMine Nears 5% ETH Supply Goal, May Scale Back Weekly Purchases
BitMine Immersion Technologies may slow its weekly ether purchases as it nears a target of owning 5% of ETH supply, Chairman Tom Lee said. The company holds 5.18 million ETH, 4.29% of supply.
Circle Internet Group Earnings, Crypto Bill Vote Loom as Key Tests
Circle Internet Group faces a critical week with Q1 earnings on May 11 and a Senate vote on a crypto bill that could limit stablecoin rewards, impacting USDC's growth and reserve income.
White House Weighs Federal Gas Tax Suspension as Pump Prices Soar Past $4.50
The Trump administration is open to suspending the federal gasoline tax as U.S. average prices hit $4.52/gallon, up over $1 from last year, with supply constraints tied to the Iran war and Strait of Hormuz disruptions.
IonQ's $1.8B Chip Foundry Bet Secures Shareholder Approval
SkyWater Technology shareholders approved IonQ's $1.8 billion acquisition, clearing a key hurdle. The deal is expected to close in Q2 or Q3 2026.
Realty Income's New 150M Share Plan: A Strategic Shift in Capital Structure
Realty Income's new ATM program for up to 150 million shares could dilute existing holders by 16% as it seeks to fund a raised $9.5 billion investment plan for 2026.
Penguin Solutions Surges 13% on AI Memory Demand Outlook
Penguin Solutions shares surged 13.47% to $44.23 after raising fiscal 2026 sales and profit outlook amid surging AI memory chip demand and prices.
NANO Nuclear's AI Data Center Deal Faces Reality Check on May 14
NANO Nuclear Energy stock surged on a Super Micro AI data center pact, but the non-binding MOU and pending NRC licensing leave investors waiting for real progress in the May 14 earnings update.