LIVE: Nasdaq suffers record $2.3 trillion loss as AI sell-off deepens
AI and tech led yesterday’s historic US stock crash, wiping off more market capitalization within one day than any single session in history.
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AI insiders had already cashed out $7.4 billion before stocks crashed
Insiders across nine AI companies cashed out $7.39B across 282 SEC Form 4s long before Thursday’s sell-off.
Kalshi, Coinbase stock perps under threat ahead of CFTC deadline
Tomorrow’s deadline arose after a Tuesday lawsuit filing against the Commodity Futures Trading Commission in Manhattan.
XRP treasury firm Evernorth Holdings falls to new low
XRP digital asset treasury firm Evernorth Holdings fell to a record low close of $11.70 yesterday, a drop of 44% from its first-day high.
LIVE: What traders are saying about US midterm elections
It is midterm election day in the US, and traders across financial markets are already pricing election outcomes into asset prices.
Binance sits to benefit from First Digital listing
A Binance-related entity has warrants that will make it a major shareholder in First Digital, the issuer of FDUSD, if it completes its SPAC.
AI companies rush to borrow cash as stocks crash
An index of AI chip stocks has declined by 27% since July, while those same AI companies have rushed to borrow record levels of cash.
Strategy insiders sold millions, then the CFO resigned
Strategy’s corporate insiders have sold $29.7 million of MSTR this year ahead of a stock price decline and CFO resignation this week.
Can the pivot to AI save crypto miners?
Over the past year, several firms have decided to move away from mining crypto and transition their infrastructure to focus on AI.
SpaceX’s biggest stock unlocks are still ahead
The $207B unlock of SpaceX stock this month broke its all-time record, and June 2027 could be 3x larger.