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Yahoo
2 days ago
- Business
- Yahoo
Analyst drops blunt take as S&P 500 nears record highs ahead of key inflation data
Analyst drops blunt take as S&P 500 nears record highs ahead of key inflation data originally appeared on TheStreet. Bitcoin's brief dip below $100,000 this week may have rattled nerves, but technical analysts say the move was nothing more than a classic 'liquidity grab' — and that the bounce confirms bullish momentum remains intact. 'I thought we might go lower... but it was just a classic liquidity grab right under a key level of support,' TheStreet Roundtable host Scott Melker said during a conversation with pseudonymous analyst TheChartGuys. According to TheChartGuys, who joined Melker on the show, the move below $100,000 wasn't meaningful from a market structure standpoint. 'We were only under $100,000 for a few hours... we call that a lack of acceptance,' he said. 'The price has a lack of acceptance under $100,000, which again is exactly what bulls want to see at this point.'He added that Bitcoin continues to respect the weekly EMA12 — a key support level — which suggests the recent action is forming a bull flag. 'If weekly EMA12 is support, it's a bull flag,' he explained. 'And so we held it miraculously.' This setup differs from the last major breakdown, he argued, due to three key factors: 'Number one, positive geopolitical headlines. Number two, we've now seen the lack of acceptance under a hundred thousand. And number three, we've got the broader market hitting all-time highs.' The S&P 500 and Nasdaq reaching new peaks may be offering a supportive macro backdrop, he said, giving bulls further reasons to stay confident. What would invalidate the setup? A deeper retracement. 'This last time around gave back 75% of that bounce,' he said. 'What I want to see on this next daily consolidation... is less than 50% retracement.'All things considered, the analyst said, 'No red flags for bulls.' Confidence also remains strong across crypto equities, where 'profit is sloshing around between names.' Bitcoin is trading at $106,999, down from a 24-hour high of $107,884, according to Kraken's price feeds. The move comes as traders digest macro uncertainty and await further catalysts. Despite the dip, BTC is still up over 75% year-on-year, holding strong above its weekly support levels. The S&P 500 is just 0.1% below its all-time high of 6,147.76, up 23.3% since its April 8 low. Optimism around a finalized U.S.–China trade framework is lifting market sentiment. Investors now await fresh U.S. inflation data to confirm the rally's momentum. Analyst drops blunt take as S&P 500 nears record highs ahead of key inflation data first appeared on TheStreet on Jun 27, 2025 This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.
Yahoo
6 days ago
- Business
- Yahoo
HIVE Digital wants to mine 12 Bitcoin a day with just 25 employees, CEO says
HIVE Digital wants to mine 12 Bitcoin a day with just 25 employees, CEO says originally appeared on TheStreet. HIVE Digital Technologies CEO Frank Holmes says the company is way ahead of schedule — and that its mining operations in Paraguay are scaling faster than anyone expected. Speaking to Scott Melker on TheStreet Roundtable, Holmes said, 'This quarter we're way ahead of schedule with people expected us to be hitting 11 exahash. That means our daily cash flow or revenue is pushing $650,000 a day.' HIVE's growth comes with a small but focused team. 'By Thanksgiving, we hope to be at 12 Bitcoin a day. So that's more than $1.2 million a day with 25 key employees. That's really efficient. That's a high revenue per employee,' Holmes added. For context, an exahash is a measure of computing power used in Bitcoin mining. One exahash equals one quintillion (1,000,000,000,000,000,000) hashes per second — that's the number of attempts a machine can make per second to solve the cryptographic puzzle required to add new Bitcoin blocks. The higher the exahash, the more powerful the mining operation. Holmes believes the company is headed for a stock re-rating, especially as HIVE ramps up both its Bitcoin mining and its AI-powered computing services. 'It's very, very exciting. And our high-performance computing AI, that's ripping too,' he said. 'We just found out that we have 10,000 people around the world that use our service because we don't lock them down. Like when you get a Bloomberg terminal... it's very expensive every month for two years.' Unlike AWS or other platforms, HIVE rents out Nvidia chips on an hourly basis — a more flexible model for AI developers and startups. 'We have people that get funded and they need the machines for three months where they got place to go to. So that's growing rapidly with the introduction of our H200 Nvidia chips. So we're really blowing and going.' HIVE expects to hit 25 exahash by the end of the year — roughly 3% of Bitcoin's global network — and plans to build up its Bitcoin treasury as prices hover near $100,000. 'We'll have over 2,000 coins on our Bitcoin inventory,' Holmes said. 'It's exponential growth that we're going to be able to generate for the shareholders.' HIVE is also gearing up for a major Bitcoin conference in Paraguay this September, where Holmes will meet with the country's president to discuss bringing more U.S. investment into the region. HIVE Digital wants to mine 12 Bitcoin a day with just 25 employees, CEO says first appeared on TheStreet on Jun 23, 2025 This story was originally reported by TheStreet on Jun 23, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
18-06-2025
- Business
- Yahoo
If you own Bitcoin, love your kids, and hate taxes — read this
If you own Bitcoin, love your kids, and hate taxes — read this originally appeared on TheStreet. In an interview with TheStreet Roundtable, Zac Townsend, Meanwhile's CEO, laid out how the Bermuda-licensed insurer lets Bitcoin holders lock in intergenerational savings while earning yield through private credit. Meanwhile operates like a traditional whole life insurance company — regulated, licensed and backed by actuarial reserves — but everything is denominated in Bitcoin. 'It is a life insurance company like any other life insurance company. It is regulated and licensed in Bermuda, which is like the insurance capital of the world,' the founder said. Policyholders pay premiums in Bitcoin and receive claims in Bitcoin, with all financials, reserves and regulatory filings handled on-chain. The minimum policy requires one Bitcoin paid over ten years; the maximum base payout tops out at 50 Bitcoin. Meanwhile entrusts custody to Anchorage Digital, employing multi-party key management so no single person can move funds. 'Users have trusted us with hundreds of Bitcoin at this point,' the founder noted. To deliver a guaranteed Bitcoin‐denominated benefit, Meanwhile runs a private credit portfolio. 'People pay us, let's say, ten Bitcoin for a policy. And we promise them 15,' the founder explained. By trading duration for credit protection, the company aims to transform premiums into reliable, fixed-payout yield without exposing policyholders to dollar volatility. After raising $60 million over its first two years, Meanwhile secured a $40 million Series A to fund international expansion and product development. The next offerings include a deferred Bitcoin annuity — a tax‐advantaged savings vehicle — and corporate debt instruments settled in Bitcoin. Regulatory dialogues in key markets such as Canada, the U.K. and Singapore are already underway. 'If you own Bitcoin, you love your kids, you hate taxes, and you're not planning to sell,' the founder said, capturing Meanwhile's ethos of combining legacy planning with Bitcoin-denominated yield. Meanwhile's model could reshape how crypto investors manage both wealth preservation and yield under one roof. If you own Bitcoin, love your kids, and hate taxes — read this first appeared on TheStreet on Jun 17, 2025 This story was originally reported by TheStreet on Jun 17, 2025, where it first appeared.
Yahoo
17-06-2025
- Business
- Yahoo
Exclusive: Are Binance's listing fees unfair? CEO Richard Teng responds
Exclusive: Are Binance's listing fees unfair? CEO Richard Teng responds originally appeared on TheStreet. In an interview with TheStreet Roundtable, Richard Teng, CEO of Binance, responded to allegations on listing fee transparency and token allocation requirements. 'Binance is very transparent, right? So we will support. I think we are very stringent. Think firstly, in an industry, when you are at the top, different people will make different allegations. There are some very ridiculous allegations that I've heard,' Teng said. When pressed on the motivations behind these claims, he added, 'people making those allegations have their motivation. I'm not going to second guess why those allegations are made.' Quoting Sir Winston Churchill, he noted, 'You'll never reach your destination if you stop and get a stone and throw every dog that barks at you.' Teng explained that Binance publishes its listing criteria on the platform and invites interested teams to engage directly. 'We have a very transparent framework. We want to work with very good tokens. But we have a very stringent process. We publish the criteria that we have onto the platform and invite anybody that's interested to have a chat to come work with us,' he said. He pointed to Binance's latest innovation, Binance Alpha, as an example of supporting younger projects at an earlier stage. 'But we also continue to create different platforms where it's not only a spot listing or derivatives listing, but things like Binance Alpha, is a new innovation where we want to support,' Teng explained. He described the initiative as a way to back tokens 'much earlier' and offer them 'a different pathway to success.' Teng concluded by reaffirming Binance's commitment to its mission and user community. 'We'll continue to support the ecosystem and the community very closely. But what we need to do is try a good balance between access as well as quality,' he said. Exclusive: Are Binance's listing fees unfair? CEO Richard Teng responds first appeared on TheStreet on Jun 17, 2025 This story was originally reported by TheStreet on Jun 17, 2025, where it first appeared. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
16-06-2025
- Business
- Yahoo
AI-driven strategies bring institutional trading to retail investors
AI-driven strategies bring institutional trading to retail investors originally appeared on TheStreet. In an interview with TheStreet Roundtable, Shishu Bedi, president and CEO of Option Circle, laid out how artificial intelligence is transforming retail trading. 'Option Circle is an AI-driven automation platform where we are incorporating institutional-grade strategies only available to the retail investors,' Bedi said — underscoring the startup's mission to bring hedge-fund-level tools to everyday traders. The platform begins by asking users about their goals and experience. According to Bedi, 'We gather information about user objectives and focus.' From there, AI matches individuals with income-oriented, momentum or hedging strategies that fit their risk profiles. Once a user licenses a strategy, they can 'start pretty much executing their strategies in 15 minutes' via one-click integration with their brokerage account. No deep knowledge of option Greeks is required — the AI handles the heavy lifting. Bedi noted that the company has spent five years developing the underlying technology and holds 21 patent-pending innovations. 'And we've been working on this platform for nine months just to make it more intuitive,' he added — highlighting a recent overhaul of the user interface to simplify complex workflows. Beyond serving novices, Option Circle also functions as a marketplace for professional traders. Experienced algorithm designers can publish proprietary strategies and earn fees when retail users license them. Bedi explained that pro traders 'can actually get the fruits of their labor,' turning successful algorithms into a new income stream. Option Circle's platform spans stocks, ETFs, Bitcoin, crypto indexes and crypto-focused equities like Marathon Digital and MicroStrategy, with futures support expected soon. By centralizing strategy development, licensing and execution under one AI-powered roof, Option Circle aims to close the gap between institutional and retail trading. Looking forward, Bedi says the team will continue refining its AI models and expanding asset coverage. As retail traders increasingly seek automated, data-driven tools, Option Circle's AI focus could mark a turning point in how individual investors engage with the options market. AI-driven strategies bring institutional trading to retail investors first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
