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  • Jan 24, 2025

Wall Street banks prepare to sell up to $3 billion in X loans next week, sources say

NEW YORK (Reuters) -Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said. Banks expect to get 90 to 95 cents on the dollar, according to the Wall Street Journal, which first reported preparations for the sale.

  • Jan 24, 2025

Why Bitcoin, Ethereum, and Dogecoin Are on the Move Higher Today

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are among the three megacap crypto tokens on the move higher today. With today's moves, Bitcoin has once again moved closer (within around 3%) to a new all-time high, and Ethereum and Dogecoin continue to trend in the right direction for long-term bulls. Bitcoin, Ethereum, and Dogecoin are often considered the "big three" cryptos among traders, with three of the largest market capitalizations in their respective niches.

  • Jan 24, 2025

Ross Ulbricht Pardoned: A Turning Point for Justice and the Crypto World

Ulbricht's story has long been a lightning rod for discussions around sentencing reform, the ethics of decentralized platforms, and the role of government in regulating the digital frontier. Charles Hoskinson, co-founder of Input Output and creator of Cardano, has been a vocal supporter of ...

  • Jan 24, 2025

Middleby (MIDD) Stock Trades Up, Here Is Why

Shares of kitchen product manufacturer Middleby (NYSE:MIDD) jumped 15.1% in the afternoon session after The Wall Street Journal reported that activist Garden Investments built a ~5% stake in the company and plans to push for changes. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.

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