Ethereum surpassed Bitcoin in July, driven by $365.17 million in US spot ETF inflows and increased corporate holdings by BitMine. Despite the rally, valuation metrics suggest the advance is a recovery from depressed levels rather than a confirmed cyclical floor against Bitcoin.
Stephen Colbert, former host of 'The Late Show', receives an anti-censorship award from the Before Columbus Foundation, alongside literary figures and publishers, amid his post-CBS recognition.
Bitcoin dropped below $65,000 as rising oil prices, fueled by Red Sea tanker attacks and US threats against Iran, pushed Treasury yields higher and triggered a broader retreat from risk assets, impacting spot demand and ETF flows.
Ofcom will not investigate GB News presenter Bev Turner despite over 400 complaints for denying riots in Belfast, where cars and houses were burned. The media regulator stated her comments reflected a personal view and were robustly challenged by a guest.
Bitcoin's stabilization near $64,000, aided by ETF inflows, is threatened by rising oil prices due to US-Iran conflict disrupting the Strait of Hormuz, potentially reigniting inflation concerns. Concurrently, a $2.3 billion stablecoin reserve contraction on major exchanges and concentrated leveraged longs near $57,000 leave the market vulnerable to a sharper decline.
Bitcoin remained above $62,000 as renewed US-Iran conflict in the Strait of Hormuz boosted oil prices, sparking inflation concerns. Higher energy costs could pressure the Federal Reserve to maintain tighter monetary policy, impacting speculative assets like Bitcoin.
The US Senate has 20 working days to pass the CLARITY Act, a key crypto market-structure bill. Despite advancing through the House and Senate committees, the bill faces challenges over law enforcement language and ethics provisions tied to Donald Trump's crypto income, with a tight deadline before the August recess.
Bitcoin is entering the second half of the year under pressure as key support systems weaken. ETF outflows, potential Federal Reserve rate hikes, and uncertainty around the CLARITY Act pose challenges, potentially determining if Bitcoin rebounds to $100,000 or retests $50,000-$55,000.
XRP has retreated toward $1, testing a critical support level amid a market-wide selloff, with leveraged positions disappearing, derivatives activity contracting, and investors increasingly selling at a loss.
Bitcoin surged past $65,000, recovering from recent selling pressure. A US-Iran peace deal, mediated by Pakistan and set for signing June 19, eased geopolitical tensions, leading to falling oil prices and rising crypto markets. ETF outflows also slowed, indicating reduced forced selling.
Bitcoin's fall below $70,000 has led to $1.8 billion in liquidations, shifting market focus from dip-buying to defensive strategies. Options data shows increased demand for $60,000 and $50,000 strikes as investors brace for a deeper reset.
Bitcoin's sudden drop below $68,000 triggered a rapid unwinding of crypto derivatives, liquidating nearly $400 million in leveraged positions within an hour. The slide, attributed partly to a symbolic sale by MicroStrategy, pushed BTC and other major cryptocurrencies lower.
MicroStrategy sold 32 Bitcoin for $2.5M, marking its first sale since 2022. The move, intended to fund preferred stock distributions, highlights structural risks as the company relies on volatile BTC for fixed dollar liabilities, raising concerns among analysts about its credit strategy.
Strategy, a major Bitcoin holder, sold 32 BTC for $2.5M, marking its first sale since 2022. The move aims to fund preferred stock distributions but raises concerns about relying on volatile assets for fixed liabilities.
Los late shows, pilares de la televisión estadounidense durante décadas, enfrentan un declive irreversible. La caída de audiencias, la presión política de Donald Trump y la fragmentación mediática han llevado a la cancelación de programas icónicos como The Late Show con Stephen Colbert, marcando el fin de una era dorada.
The Beatles' cultural impact remains unparalleled, with recent events, documentaries, and upcoming biopics reigniting a new wave of Beatlemania, comparing their enduring legacy to Shakespeare's.
CBS has decided to stop enforcing copyright claims on Stephen Colbert's mock public access show "Only In Monroe," which went viral after his "Late Show" cancellation. Initially issuing takedown notices, CBS stated they would waive enforcement pending further review.
Stephen Colbert, after ending his 11-year run on "The Late Show," made a surprise guest hosting appearance on "Only in Monroe," a Michigan public access station. He joked about streaming and his show's cancellation, and interviewed Michigan natives Jack White and Jeff Daniels.
Bitcoin fell below $75,000 for the first time since April, leading to a wider crypto market downturn. Ethereum and other major digital assets also saw significant drops, with nearly $1 billion in derivative positions liquidated. Analysts cite technical exhaustion and reduced institutional appetite, evidenced by ETF outflows.
Hyperliquid's native token, HYPE, has surged to a record high of over $62, defying the broader cryptocurrency market slump with a 120% year-to-date gain. This rally is attributed to a shift towards an institutional Wall Street platform, strong ETF flows, and a short squeeze.
The article discusses the decline of traditional late-night talk shows, exemplified by Stephen Colbert's departure. It highlights the decreasing number of shows, the shift to streaming, and the financial challenges, questioning the future of the format.
CBS News Radio is shutting down Friday night after nearly 100 years on air, citing financial pressures. The service, which reached an estimated 700 stations nationwide, is noted for its long-running "World News Roundup" and its role in bringing historical events to Americans.
Byron Allen's 'Comics Unleashed' will replace Stephen Colbert's 'The Late Show' on CBS, with Allen paying the network for the 11:35 pm slot. Allen also recently acquired a majority stake in BuzzFeed.
Stephen Colbert's "Late Show," dubbed the "Joy Machine" by its creators, has been canceled by CBS due to financial reasons. However, questions arise about this explanation, given Donald Trump's known animosity towards Colbert for his sharp criticism.
