Author: Anthony M. Orbison

A US federal judge dismissed orders sought by BiT Global to restrain Coinbase from delisting Wrapped Bitcoin (WBTC).  Wednesday’s ruling by Judge Araceli Martínez-Olguín denied the argument submitted by Hong Kong-based BiT Global to prevent Coinbase from the scheduled delisting of WBTC. The Judge held that the plaintiff failed to demonstrate the imminent and irreparable harm that would arise if the defendant delisted WBTC.  Coinbase Victory over BiT Global Judge Martínez-Olguín informed BiT Global’s attorney that evidence on what would come is missing, hence the decision not to halt Coinbase’s delisting plans.  The ruling arose from a suit filed…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global stocks and emerging market currencies sank on Thursday after the US Federal Reserve indicated it would cut interest rates more slowly next year to guard against any renewed threat of inflation.The quarter-point reduction in interest rates the Fed delivered on Wednesday, at its final meeting before president-elect Donald Trump takes office next month, was overshadowed as officials trimmed projected cuts in 2025. Signs the Fed remains concerned over lingering inflation — and the threat that Trump’s economic plans could add to…

Investing.com — Sony (NYSE:) Group announced on Thursday that it will invest approximately 50 billion yen ($320 million) in Kadokawa, a Japanese media giant, by purchasing new shares. This investment will increase Sony’s stake in Kadokawa to around 10%, making Sony the top shareholder. Sony and Kadokawa have previously collaborated on multiple projects. The new capital alliance will further strengthen their partnership, with plans for joint investments in content creation and the joint discovery of new creators. This investment is set to enhance Sony’s entertainment portfolio, which already includes games, movies, music, and anime. Kadokawa is the controlling entity of…

Shiba Inu (SHIB) is the leading cryptocurrency gathering central attention today. With Bitcoin noting an ebb and flow in its price, SHIB is also showing signs of fluctuations, portraying a volatile stance. Will SHIB be able to establish a robust price spot this weekend? Let’s find out.Also Read: Microsoft: Why MSFT Is Bound for $500 All-Time High in 2025SHIB’s Current Price PathSource: Watcher GuruShiba Inu is currently sitting at $0.00002419, down 5% in the last 24 hours. The token also noted a decline of 17% in the last 7 days, followed by a 4% decline documented in the last month.…

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Donald Trump isn’t president yet, but the actions he’s taking before even being sworn in may have already thrust the United States into a new trade war.💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸Trump has made his policy plans extremely clear since winning the 2024 U.S. presidential election over Vice President Kamala Harris. His list includes doubling down on his plans to levy tariffs against some of the country’s top trade partners, specifically Mexico, Canada and China. His plans include imposing 10-20% tariffs on all imported goods and a Chinese import tariff of at least…

A popular crypto analyst thinks that Ethereum (ETH) is on the verge of printing a massive breakout rally also known as a god candle. Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum’s two-hour chart looks similar to Bitcoin’s (BTC) price action over the last two weeks. The analyst says that while Ethereum struggles to clear resistance at $4,000, he notes that BTC also had trouble breaching $100,000 for weeks before surging to new all-time highs. “Same price action, but with one difference. God candle after the breakout. ETH.” Source: Inmortal/X Based on the…

(Bloomberg) — The Federal Reserve jarred US markets Wednesday, pushing stocks lower and sending Treasury yields soaring, after forecasting fewer interest rate cuts next year. It was the worst loss for the S&P 500 on the day of a rate decision since 2001. Most Read from Bloomberg The S&P 500 fell below the 6,000 level, suffering its worst session since August. The tech-heavy Nasdaq 100 dropped 3.6%, the most in five months. Micron Technology Inc. fell postmarket after reporting earnings. Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen.​​​​​​ The policy-sensitive two-year US Treasury yield surged…

Investing.com– Mizuho (NYSE:) analysts have lowered their price target for Micron Technology Inc (NASDAQ:), citing the memory chip giant’s weak near-term guidance and continued headwinds in the PC and smartphone markets. Despite robust growth in high-bandwidth memory (HBM), analysts trimmed estimates due to softer-than-expected revenue and margin projections for the upcoming quarter. Mizuho maintained an “Outperform” rating but lowered the price target to $115 from $135. Micron delivered in-line results for its November quarter, reporting revenue of $8.71 billion and earnings per share of $1.79, matching consensus expectations. However, the February quarter guidance fell significantly short, with revenue projected at $7.9 billion, compared…

Deutsche Bank is reportedly building a Layer 2 under an asset-servicing pilot project called Dama 2 as part of the lender’s goal to clear regulatory hurdles for institutions who want to use public blockchains. According to a Bloomberg report published on Dec. 18, German banking giant Deutsche Bank AG is in the process of building a “so-called” Layer 2 for a public network. The lender hopes the project will clear regulatory challenges faced by financial firms trying to incorporate public blockchains into their operations. Last month Deutsche Bank released a test version of Project Dama 2, which includes a Layer…