Author: GT

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As bitcoin (BTC) and ether’s (ETH) recovery rally gathered momentum Tuesday, the perpetual futures market saw an even more pronounced increase in open interest, pointing to growing investor confidence as the Trump administration dialed back on its trade-tariff, anti-Fed rhetoric. BTC, the leading cryptocurrency by market value, rose 6.79% nearly topping $94,000 for the first time since March, CoinDesk data show. That’s the most significant single-day percentage gain since April 9. The Ethereum blockchain’s ether token jumped 11% to $1,1175, it’s best performance since April 2. The rally came as U.S. Treasury Secretary Scott Bessent discussed de-escalation in U.S.-China trade…

Elon Musk steps off Air Force One upon arrival at Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025. US President Donald Trump will be spending the weekend at Trump National Golf Club in Bedminster, New Jersey. Brendan Smialowski | Afp | Getty ImagesElon Musk tried to rally Tesla bulls Tuesday, brushing off a weak first-quarter earnings report and touting a future of “sustainable abundance.”Tesla missed expectations on the top and bottom lines and reported a 71% plunge in net income from the year prior.His comments came as the electric vehicle maker faces a turbulent year, with shares…

Gemini, Google’s AI chatbot, had 350 million monthly active users around the globe as of March, according to internal data revealed in Google’s ongoing antitrust suit. The Information first reported the stat. Usage of Google’s AI offerings has exploded in the last year. Gemini had just 9 million daily active users in October 2024, but last month, the company reportedly logged 35 million daily active users, according to its data. Gemini still lags behind the industry’s most popular AI tools, however. Google estimates that ChatGPT had roughly 600 million monthly active users in March, according to the company’s data shown…

Cantor Fitzgerald is set to launch a $3 billion Bitcoin investment initiative in collaboration with SoftBank, Tether, and Bitfinex, according to a report by the Financial Times. The project involves the establishment of a new entity named 21 Capital, which aims to create a publicly listed alternative to existing Bitcoin investment strategies. Brandon Lutnick, current chair and CEO of Cantor Fitzgerald and son of former CEO Howard Lutnick, is at the helm of this venture. The initiative will utilize funds from Cantor Equity Partners, a special purpose acquisition company (SPAC) that raised $200 million earlier this year. The investment contributions…

This photo illustration created in Washington, DC, on July 6, 2023, shows the logo for Threads, an Instagram app, reflected in its opening page. Stefani Reynolds | AFP | Getty ImagesMeta has opened up its Threads microblogging service to all advertisers.The social networking giant said Wednesday in a blog post that all “eligible advertisers globally” will be able to run ads on Threads, marking an expansion from the company’s initial testing with a few U.S. and Japanese companies, which began in January.Businesses running Threads ads can also access Meta’s so-called inventory filter that determines whether their promotions appear near offensive content,…

Why is the iShares Bitcoin Trust ETF (IBIT) outperforming the S&P 500 in what is supposed to be a risk-off market environment? Bitcoin crossed the $90,000 level Tuesday for the first time in a month, while Bitcoin ETFs like the $50 billion IBIT jumped more than 4%, closing in on the breakeven price point for the year. Compare this to the broad stock market proxy and largest exchange-traded fund in the world, the Vanguard S&P 500 ETF (VOO), which is still down 10% year to date, and the recently high-flying tech sector’s steep decline of roughly 17% through Tuesday’s session.…

Character.AI, a leading platform for chatting and roleplaying with AI-generated characters, unveiled its forthcoming video generation model, AvatarFX, on Tuesday. Available in closed beta, the model animates the platform’s characters in a variety of styles and voices, from human-like characters to 2D animal cartoons. AvatarFX distinguishes itself from competitors like OpenAI’s Sora because it isn’t solely a text-to-video generator. Users can also generate videos from preexisting images, allowing users to animate photos of real people. It’s immediately evident how this kind of tech could be leveraged for abuse — users could upload photos of celebrities or people they know in…

NEW YORK (AP) — Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest financial results and try to give investors financial forecasts.Some tariffs remain in place against key U.S. trading partners, but others have been postponed to give nations time to negotiate. The tariff and trade picture has been shifting for months, sometimes changing drastically on a daily basis. Those shifts make it difficult for companies and investors to make a reliable assessment of any impact to costs and sales. On Tuesday, Treasury Secretary Scott Bessent said he expects a “de-escalation”…

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a substantial influx of capital, with net inflows totaling $936 million on Tuesday, marking the largest single-day increase since Jan. 17. This surge reflects a growing interest among institutional investors in Bitcoin as a potential hedge against economic and geopolitical uncertainties. The recent inflows were distributed across 10 Bitcoin ETFs, with notable contributions from Ark & 21Shares, which saw $267.1 million, followed by Fidelity’s FBTC with $253.8 million, and BlackRock’s IBIT, which attracted $193.5 million. Over the past three days, U.S. Bitcoin funds have witnessed net inflows exceeding $1.4 billion. Analysts indicate that…