Author: admin
In brief MoviePass wants people to wager on the box office. Its service doesn’t use actual money yet. Betting giants like DraftKings are interested in prediction markets. MoviePass, a company that used to let customers binge an unlimited number of movies in theaters for a monthly fee, began letting more people wager on box-office performances on Wednesday, according to a press release.The company said its new service, dubbed Mogul, entered public beta, allowing a wider group to participate in “the first fantasy league and predictive market for Hollywood.”The service tasks users with assembling a “team” of movies, actors, and directors,…
Ferrari is making a pit stop in crypto, but only for its VIP clientele. The Italian automaker plans to issue a “Token Ferrari 499P” that its 100 most exclusive customers can use to bid on a Le Mans-winning race car.It’s a glossy crossover of luxury and blockchain: own a slice of Ferrari history via digital tokens. But beyond the spectacle lies a harder question: does any of this move real Bitcoin or Ethereum liquidity, or is it just crypto theater?Luxury goes on-chain, but behind closed doorsFerrari’s flirtation with crypto isn’t new. In 2023, it began accepting Bitcoin, Ethereum, and USDC…
Mastercard to acquire crypto infrastructure startup Zerohash in deal worth up to $2 billion: Fortune Source link
Bitcoin’s price fell to $109,000 Wednesday afternoon after Federal Reserve Chair Jerome Powell signaled that additional rate cuts may not follow in December. Since then, Bitcoin price has leveled near $111,000. The drop came shortly after the central bank reduced its benchmark interest rate by 0.25 percentage points to a target range of 3.75%–4%. The cut — the Fed’s second of 2025 after a move in September — ended a long stretch of rate holds. The policy shift is intended to lower borrowing costs and support economic activity. But Powell’s comments that further cuts are not guaranteed this year sparked selling…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has been moving within a narrow consolidation range over the past 48 hours after briefly testing highs above $115,000. Despite holding its ground above $113,000, bears could argue that momentum has started to wane, with the price showing signs of exhaustion. This cautious phase has led some market watchers to question whether Bitcoin’s rally has already peaked or if another leg higher is around the corner. One analyst known as Sonny on the social media platform X believes that the coming week will be decisive in…
In brief Elizabeth Warren and Bernie Sanders warned that Trump’s plan to let 401(k)s invest in crypto could jeopardize Americans’ retirement savings. In a letter to the SEC and Department of Labor, they called the policy “dangerous,” citing crypto’s volatility and Trump’s potential conflicts of interest. The senators asked whether agencies have studied the risks of their new retirement policies, or how much Trump’s family could profit from them. Elizabeth Warren and Bernie Sanders are sounding the alarm on the “financial harm” they say could be unleashed on millions of Americans if the retirement industry heeds President Donald Trump’s recommendations…
Double Bottom Ignites XRP’s Push Toward the $3 Zone Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As Tuesday drew to a close, the broader cryptocurrency market experienced a bearish move, causing major digital assets such as Solana to lose their renewed bullish momentum. Despite the ongoing fluctuations in the price of SOL, the institutional interest in the leading altcoin continues to grow stronger through the SOL-based treasury. A Significant Portion Of Solana Held In Treasury Reserve In the pursuit of a digital asset-based strategic treasury reserve, Solana continues to demonstrate its potential and resilience as a formidable crypto asset for this growing initiative.…
In brief The bill targets AI chatbots and companions marketed to minors. Data has shown widespread teen use of AI for emotional support and relationships. Critics say companies have failed to protect young users from manipulation and harm. A bipartisan group of U.S. senators on Tuesday introduced a bill to restrict how artificial intelligence models can interact with children, warning that AI companions pose serious risks to minors’ mental health and emotional well-being.The legislation, called the GUARD Act, would ban AI companions for minors, require chatbots to clearly identify themselves as non-human, and create new criminal penalties for companies whose…
The Federal Reserve cut rates by 25 basis points today and hinted that its balance-sheet runoff may soon end, arguably the bigger story for Bitcoin.With the overnight reverse repo facility nearly empty at roughly $14 billion, any further quantitative tightening now drains bank reserves directly.That shift means even small tweaks to QT have outsized effects on liquidity, real yields, and the dollar: the two macro dials most tied to Bitcoin’s performance this year.Coming into the meeting, real yields had already eased from summer highs. The 10-year TIPS yield hovered around 1.7%, while five-year forward inflation expectations sat near 2.2%, signaling…
Here’s Why Bitcoin Market Dynamics Are Evolving As New Developments Surface Overnight Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto reporter Eleanor Terrett shared that two new altcoin exchange-traded funds (ETFs) are about to start trading on the NASDAQ, beating out Dogecoin and XRP spot ETFs. According to the journalist, everything needed to begin trading is already in place, even though the government is in a shutdown. The legal rules allow these ETFs to go live without government staff needing to approve anything first, so the launches are still moving forward. Litecoin And Hedera ETFs Begin Trading On NASDAQ Terrett explained on X that Canary Funds’…