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By Jiaxing Li HONG KONG (Reuters) – Chinese tech stocks listed in Hong Kong advanced on Friday for their best weekly winning streak since 2020, as earnings surprises and optimism about the artificial intelligence sector drew global investors rotating funds into the sector. The Hang Seng Tech Index closed up 6.5%, its best single-day gain…

The SEC will have to announce its decision regarding an XRP ETF by Oct. 18 Source link

(Bloomberg) — Startup Together AI, which provides users access to artificial intelligence computing, has raised $305 million from investors in deal led by General Catalyst, bringing the valuation of the company to $3.3 billion — a signal that corporate demand for AI is still strong. Most Read from Bloomberg Saudi Arabia’s Prosperity7 Ventures co-led the…

Bitcoin is inching closer to reclaiming the much-coveted $100,000 level, currency trading at $98,407, according to CoinGecko data.  Earlier this Thursday, Bitcoin reached an intraday high of $98,504 after a 2.5% price increase.  The flagship cryptocurrency is now nearing key horizontal resistance.  Over the past two weeks, the bulls have repeatedly tried and failed to…

Amazon’s MGM Studios (AMZN) is getting creative control of the storied “James Bond” franchise as the company looks to deepen its position in the streaming wars, the company announced on Thursday. The studio will form a joint venture to acquire the intellectual property rights from producers Barbara Broccoli and her stepbrother Michael Wilson. The pair,…

Adam Back, Blockstream founder, has made a bold statement about Bitcoin (BTC) and its potential to sustain its growth on the broader cryptocurrency market. In an update shared with the community, Back highlighted the ongoing buying pressure from exchange-traded funds (ETFs) and its impact on the coin. Bitcoin ETF demand outpacing sell pressure Back emphasized…

By Rae Wee SINGAPORE (Reuters) – The yen hit its strongest level in over two months on Thursday as investors ramped up bets on further rate hikes from the Bank of Japan (BOJ) this year, while concerns about new tariff threats from U.S. President Donald Trump kept markets on edge. The yuan got a lift…

Due to its resilience, Ethereum is raising hopes that it can avoid the daily chart’s dreaded death cross formation. The 50-day moving average crossing below the 200-day MA, known as a death cross, frequently indicates bearish momentum and additional price drops. ETH bulls may have the opportunity to buck the trend before this situation plays…

(Reuters) -Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl’s footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was focused on driving growth for its organic business and had “significant runway ahead” following a derailed $8.5 billion merger deal…

The first exchange-traded fund based on the popular cryptocurrency XRP is about to be launched in Brazil. According to the Comissão de Valores Mobiliários (CVM), which is basically the equivalent of the Securities and Exchange Commission in the Latin American country, Hashdex, a well-known asset management firm specializing in crypto investments, has received approval to launch the…