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White House Says Bitcoin Reserve Announcement Coming in Weeks

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The White House is preparing to announce new details on the US Strategic Bitcoin Reserve in the coming weeks, according to Patrick Witt, a senior White House digital assets official. Speaking at Consensus Miami on Wednesday, Witt said the administration has made “a lot of progress in the background” on the reserve and the broader … Read more

63% of Institutions are Investing in Crypto for Diversification, Report Finds

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Fund managers covering $1.3 trillion in assets cite diversification and client demand for 63% of their crypto allocations. Speculation sits at just 15%, down sharply from two years ago. The May 2026 CoinShares quarterly survey drew 26 institutional responses. Together, they point to an asset class defined by fundamentals rather than narrative momentum. Diversification Replaces … Read more

3 Oil Stocks To Watch In May 2026

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Oil stocks trade at a $40 premium to where JP Morgan thinks 2026 fundamentals settle. The gap is pure geopolitical risk from the US-Iran conflict. Three names just reported Q1 2026 results this week, each handling the bifurcation differently. One is the diversified hedge. The other is a high-beta upstream bet. And the last one … Read more

Billionaires May Get Tax Break for Donating Stock to Trump Accounts

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The Trump administration has held internal discussions about allowing wealthy donors to contribute company shares to Trump Accounts. The federal child investment program would give those donors significant tax breaks in return, Forbes reported on May 6. The proposal would expand the program beyond cash contributions. Donors could give appreciated stock, avoid capital gains tax, … Read more

Schiff Calls MicroStrategy a Pure Ponzi and Bitcoin Hybrid Pyramid Scheme

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Peter Schiff escalated his attack on MicroStrategy and its preferred share STRC, calling it a pure Ponzi scheme. He warned that the structure will eventually collapse, while reinforcing his thesis that Bitcoin itself is a hybrid scheme. The gold advocate said MicroStrategy will face a moment when STRC dividends become unsustainable. Michael Saylor would then … Read more

CFTC Fines Trader Sidney Lebental $200,000 for Treasury Futures Spoofing

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The Commodity Futures Trading Commission (CFTC) ordered New York trader Sidney Lebental to pay $200,000 for spoofing US Treasury futures, ending a case tied to roughly 50 deceptive trades placed on the Chicago Board of Trade in 2019. Lebental neither admitted nor denied the findings under the settled order, which also prohibits him from trading … Read more

SpaceX Sells Full Colossus 1 Compute to Anthropic Weeks Before $1.75 Trillion IPO

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SpaceX granted Anthropic full access to its Memphis-based Colossus 1 supercluster on Wednesday. The compute pact lands roughly five weeks before the rocket company’s planned $1.75 trillion public market debut. The arrangement gives Anthropic over 300 megawatts of capacity and more than 220,000 NVIDIA GPUs deployable within the month. Meanwhile, the supply hands SpaceX a … Read more

Why Is The US Stock Market Up Today?

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The US stock market pushed to a fresh record high on Wednesday as easing US-Iran tensions pulled oil prices lower and AMD’s blowout AI chip earnings reignited the semiconductor rally. The S&P 500 climbed 1.14%, the Nasdaq Composite jumped 1.51%, and the Dow Jones Industrial Average added 1.10%. A solid ADP private payrolls print reinforced … Read more

Oil Price Drops 5% on Iran Deal, But Recovery Won’t be Easy

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Spot Brent crude oil prices crashed more than 5% on Wednesday after President Donald Trump told PBS a US-Iran agreement could land before his upcoming visit to China. The slide reflected investor bets that the closed Strait of Hormuz will fully reopen. However, Rystad Energy warned a breakthrough alone will not restore normal flows. Trump … Read more

XRP Flashes a 17% Breakout Hope But 1.5 Billion Tokens Stand in the Way

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XRP price has flashed multiple breakout signals at once, but a wall of 1.5 billion tokens at break-even stands in the way of the 17% rally target. A cup and handle pattern just broke out and a standard bullish divergence triggered the reversal. Meanwhile, a potential bullish crossover could be forming. While the technical setup … Read more