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The post Gold, Silver, and Crypto All Crash Together — Here’s Why appeared first on Coinpedia Fintech News Bitcoin, Ethereum and XRP among other tokens have continued a four-day pullback across the crypto market. The decline follows a brief rally earlier this week after news broke that the US and Iran were nearing a deal, which initially pushed prices higher before the market reversed. A similar pattern played out when the CLARITY Act …
The post Why is Crypto Going Down Today? appeared first on Coinpedia Fintech News Crypto is down today mainly because a wave of leveraged bullish positions was forced to close as prices fell, increasing selling pressure across the market. Weak investor sentiment and growing caution among traders added to the decline, causing major cryptocurrencies to lose key support levels. The broader crypto market has fallen about 1.05% in the …
The post Fundstrat’s Tom Lee Warns of “Abrupt” Bear Market Later This Year appeared first on Coinpedia Fintech News Fundstrat’s Tom Lee pushed back on the growing consensus that this week’s Fed meeting was hawkish. He argued investors misjudged new Fed Chair Kevin Warsh’s communication style and intentions. “Kevin Warsh has a very different communication style and he plans to kind of modernize how the Fed monitors data,” Lee said. “I think the markets …
A major U.S. banking group argues the CLARITY Act creates anti-money laundering gaps and calls for broader oversight of DeFi and digital asset services.
The post Fidelity 500 Index Fund Provider Launches Stablecoin Reserve Fund appeared first on Coinpedia Fintech News Fidelity has launched the Fidelity Reserves Digital Fund, a money market fund built for stablecoin issuers. The fund began operating on June 15 and invests only in reserve assets permitted under the GENIUS Act framework, including U.S. Treasury securities, cash, overnight repurchase agreements, and compliant government money market funds. The launch matters because it provides …
The post Semiconductor Stocks Reach Record 18.8% of S&P 500 appeared first on Coinpedia Fintech News Semiconductor stocks now account for a record 18.8% of the S&P 500’s market capitalization, more than triple their share in 2022. The increase follows a 546% rally in the SOX semiconductor index, fueled by strong demand for artificial intelligence infrastructure. The concentration matters because semiconductor companies now represent a larger portion of the index than …