News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Crypto Market Faces Bearish Signals Despite Recent Rally
The recent rally in the crypto market, linked to a rebound in U.S. equities, faces challenges from bearish derivatives positioning and negative CVD, indicating a fragile recovery.
Mercation Admin5 min - News
Kalshi Aims for $40 Billion Valuation Following Recent $1 Billion Fundraise
Kalshi is pursuing a $40 billion valuation shortly after a $1 billion funding round, as it navigates a complex legal landscape regarding prediction markets.
Mercation Admin2 min - Stocks
Micron's Exceptional Earnings Propel Stock by 16%, Impacting Crypto Market
Micron Technology's strong Q3 earnings report led to a 16% surge in its stock, impacting AI memory stocks and providing a minor boost to the crypto market.
Mercation Admin3 min - Crypto
Bitcoin Drops to $59,000 Amid Rising DXY
Bitcoin dropped to $59,060 as the US Dollar Index hit a 13-month high, but has since recovered to $61,700 amid significant market activity.
Mercation Admin2 min - Crypto
Bitcoin and Ether Lead $1 Billion Liquidation Amid Ongoing AI Trade
Bitcoin and ether experienced a significant $1 billion in liquidation losses as market volatility continues, influenced by a mix of external and internal factors.
Mercation Admin1 min - Crypto
Bitcoin's Crucial Support Level Faces Potential Test Ahead of PCE Data
Bitcoin has established a new support level at $59,000, which may face scrutiny following the release of U.S. core PCE inflation data on Thursday.
Mercation Admin4 min - News
Kalshi Takes Legal Action Against Illinois Over New Tax on Sports Prediction Markets
Kalshi has filed a lawsuit against Illinois over a newly imposed 15% tax on sports-related prediction market revenue, claiming the state lacks authority for such taxation.
Mercation Admin2 min - Stocks
Wendy's Gains Traction Among Meme Stock Investors
Meme stock traders are rallying around Wendy's, causing shares to spike over 25% amid calls to "save" the fast-food chain.
Mercation Admin2 min - Crypto
Bitcoin Drop Affects Ethereum, XRP, and Dogecoin Amid Market Decline
Bitcoin's recent plunge to a 21-month low has negatively impacted Ethereum, XRP, and Dogecoin, as broader market trends weigh on cryptocurrency values.
Mercation Admin3 min - News
Leaked Code Indicates Anthropic May Reintroduce Fable 5
Leaked information suggests that Anthropic's Fable 5 may return, included in subscription plans rather than as an additional cost.
Mercation Admin4 min - News
Physicist Questions Microsoft’s Quantum Computing Claims
Physicist Henry Legg challenges Microsoft's claims regarding its Majorana 2 quantum chip, asserting the company has not proven the existence of a topological qubit.
Mercation Admin3 min - Crypto
'Stop Acquiring Bitcoin': Analyst Urges Focus on Cash as STRC Plummets
CryptoQuant's Julio Moreno advises Strategy to halt Bitcoin purchases and focus on cash reserves as STRC hits a record low amid rising dividend obligations.
Mercation Admin3 min