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Latest financial news and analysis from global markets
BTCUSDT
Crypto Weekly: Coinbase cuts, World Liberty countersues
<body><p>STORY: From job cuts at Coinbase to World Liberty Financial accusing Justin Sun of smear campaign...</p><p>This is Crypto Weeky.</p><p>:: Crypto Weekly </p><p>:: Coinbase cuts</p><p>Coinbase is cutting about 700 jobs, or roughly 14% of its workforce...</p><p>as the crypto exchange trims costs and retools its business for the AI era.</p><p>The layoffs come amid a slowdown in crypto trading after digital assets retreated from their October highs, as investors grow more cautious.</p><p>CEO Brian Armstrong said volatile markets and the speed of AI have led the company to "an inflection point," ...</p><p>adding that "The biggest risk now is not taking action."</p><p>:: American Bitcoin</p><p>American Bitcoin, backed by two of U.S. President Donald Trump's sons, reported a narrower first-quarter loss.</p><p>It was helped by stronger revenue from Bitcoin mining.</p><p>The company leaned on improving mining efficiencies at its sites to offset the price headwind in the midst of a bear crypto market.</p><p>Net loss was $81.8 million in the three months ending in March - an improvement on last year's $100 million loss.</p><p>:: Bullish to buy Equiniti</p><p>Bullish says it will buy transfer agent Equiniti in a deal valued at $4.2 billion.</p><p>That's as the crypto exchange looks to establish infrastructure to bridge blockchain technology...</p><p>with traditional capital markets.</p><p>:: Defamation lawsuit</p><p>World Liberty Financial filed a defamation lawsuit against Hong Kong-based crypto entrepreneur Justin Sun.</p><p>It's as a dispute escalates between the project and one of its most prominent backers.</p><p>World Liberty Financial is the crypto venture co-founded by Donald Trump and his sons.</p><p>It accused Sun of launching a "public smear campaign."</p><p>alleging he had improperly transferred some of his WLFI tokens that come with voting and governance rights...</p><p>to crypto exchange Binance.</p><p>In April, Sun sued World Liberty, saying the company had illegally frozen the tokens he had bought. </p></body>
MS
‘Crypto Exchanges Should Be Scared’: Eric Balchunas Warns as Wall Street Starts a Crypto Price War
Bloomberg ETF analyst Eric Balchunas says crypto exchanges should be scared as Wall Street pushes aggressively into low-fee crypto trading. Morgan Stanley has launched direct ...
TSLA
Tesla Extends China Sales Rebound
China-made EV sales rose 36% in April, marking a sixth straight monthly gain.
PTON
Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
Shares of Peloton Interactive (NASDAQ:PTON) are climbing 11% to $5.76 in premarket trading on Thursday, May 7, after the connected fitness company posted a swing to GAAP profitability and lifted its full-year outlook. The bid follows an 8-K filed at 6:59 a.m. ET and an earnings call that began at 8:30 a.m. ET. The pop ... Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
SOLUSDT
Solana Bulls Reclaim Control After Weeks of Selling, Eye 14% Breakout
Solana price holds near $90 as buyers reclaim exchange flow, EMA crossover brews and a 5.41 million cost basis wall stands before a breakout.
BTCUSDT
What are altcoins? A complete guide.
Learn all about altcoins, including definitions, examples, what they're used for, and how they differ from bitcoin. Understand the potential benefits and risks of investing in altcoins.
BTCUSDT
Bitcoin ETFs Post 5-Week Buying Streak as Hedges Unwind, Institutional Appetite Returns
Spot Bitcoin ETFs hit $108.76 billion in net assets as five weeks of inflows and fading put skew signal institutional demand is back.
TSLA
Peace Deal Hopes, Strong Earnings Nudge US Equity Futures Higher Pre-Bell
US equity futures were slightly higher pre-bell Thursday as hopes for a finalized peace deal between
MCD
Peace Deal Hopes, Strong Earnings Nudge US Equity Futures Higher Pre-Bell
US equity futures were slightly higher pre-bell Thursday as hopes for a finalized peace deal between
MCD
McDonald's First-Quarter Results Top Street Views Despite 'Challenging' Environment
McDonald's (MCD) reported better-than-expected first-quarter results on Thursday, while comparable s
TSLA
Tesla Stock Cracks $400. How China Is Helping.
Tesla stock is rising again on Thursday, now back above $400 a share. Shares of the electric vehicle maker were up by 1.8% at $405.70 in premarket trading. Tesla sold 79,478 vehicles from its Shanghai plant, including exports, in April, up 36% year over year, according to Chinese industry data providers.
GOOGL
Why IONQ Stock Owns The Quantum Runway
Beyond the headline noise of a $1.06 billion non-cash warrant gain and the lingering echoes of short-seller allegations, the Q1 2026 earnings report reveals a fundamental structural pivot. IonQ (IONQ) has successfully transitioned from a government-subsidized research project into a commercially viable hardware enterprise. The most critical insight buried in the data is the collapse of the bear thesis regarding revenue quality.