Here are some of the latest news in the crypto space ¹ ² ³: - SEC approves Ethereum ETFs: The US Securities and Exchange Commission (SEC) has approved exchange-traded funds (ETFs) that track the price of Ethereum, a $458 billion asset. - Trump's Truth Social stock plummets: Donald Trump's social media company, Truth Social, has seen its stock price plummet after the release of its financial results. - Crypto market update: The global crypto market cap has dropped 0.65% to around $2.58 trillion in the last 24 hours, while the total crypto market volume has decreased by 21.96% to $94.42 billion. - Bitcoin price update: Bitcoin's price has slipped below $69.6k, while other cryptocurrencies like Shiba Inu and Solana have seen significant drops. - US inflation report: The latest US inflation report has shown that producer prices have increased more than expected in April, indicating that inflation remains high. - Crypto regulation: There are ongoing efforts to provide legal clarity for cryptocurrencies, with the House passing the FIT21 bill with a two-thirds majority. - Bitcoin halving: Bitcoin's latest "halving" event has occurred, which is expected to reduce the rate of new Bitcoin issuance and curb inflationary pressures.
Warren Buffett is worried about artificial intelligence.
At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology.
"We let a genie out of the bottle when we developed nuclear weapons," he said Saturday. "AI is somewhat similar — it's part way out of the bottle." https://cnn.it/3y0J9GX
Nvidia shares have pulled back from record levels in Wednesday action, ahead of the company's fiscal first-quarter earnings report.
The stock is off 1.3% in Wednesday trading to a recent $940.86, with about a half hour left of trading. That's off from its record close of $953.86 achieved on Tuesday.
Nvidia shares opened slightly higher on the day, and they traded as low as $932.49 earlier in the session.
While Nvidia shares are down on the day, the PHLX Semiconductor Index is in positive territory, up 0.5%. Chip stocks got some positive commentary from Analog Devices, an analog company that reported better-than-expected results and discussed improving trends.
WisdomTree's physically-backed Bitcoin (BTCW) and physically-backed Ethereum (ETHW) exchange-traded products are expected to be listed on the London Stock Exchange for professional investors on May 28th. Asset management company WisdomTree (WT) has been approved by the Financial Conduct Authority (FCA) to list cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE) and stated that the company is one of the first applicants to submit a prospectus.
$ETHW WisdomTree's physically-backed Bitcoin (BTCW) and physically-backed Ethereum (ETHW) exchange-traded products are expected to be listed on the London Stock Exchange for professional investors on May 28th. Asset management company WisdomTree (WT) has been approved by the Financial Conduct Authority (FCA) to list cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE) and stated that the company is one of the first applicants to submit a prospectus.