Author: admin

Money managers may need to rethink their approach to digital assets, with over a third of young, wealthy investors in a recent US survey indicating they had moved on from advisers who don’t offer crypto exposure.Crypto payments provider Zerohash’s survey of 500 US investors aged 18 to 40, released on Wednesday, found that 35% had moved money away from advisers who didn’t offer access to crypto.Those surveyed had incomes between $100,000 and $1 million, and more than half of those who moved money due to an advisers lack of crypto offerings said they had moved between $250,000 and $1 million.…

Net income surged 65% from a year earlier, hitting $31.91 billion. That kind of profitability tells traders one thing — the AI boom isn’t just a story. It’s printing real money. What’s Driving the Surge in Sales? Data center revenue is the engine here — and it’s running hot. Nvidia posted $51.2 billion in the segment, a 66% jump from last year and well above the $49.09 billion analysts expected. Of that, $43 billion came from compute, essentially its GPUs. Networking chipped in $8.2 billion as customers keep building ever-larger clusters to handle AI workloads. CEO Jensen Huang didn’t shy…

Key Takeaways Binance continued receiving hundreds of millions in illicit crypto flows from scam networks, according to a new investigation. President Donald Trump’s regulatory pullbacks, combined with his business ties to the crypto industry, have raised questions among investigators about their impact on exchange oversight. Binance has said it is “categorically false” that it “turns a blind eye’ to criminal activity.” A cross-border investigation has concluded that millions of dollars in criminal proceeds continued to flow through Binance, the world’s largest crypto exchange, even after the company pledged to tighten its compliance controls following a U.S. guilty plea. The findings,…

Soybeans are down 8 to 11 cents in the front months on Wednesday morning. Futures posted a back and forth trade on Tuesday, but managed to close on the weaker side, down 2 to 4 cents across the front months as traders were selling the fact on the Chinese purchases. Preliminary open interest was down 14,122 contracts on Tuesday. The cmdtyView national average Cash Bean price was 4 cents lower at $10.80 3/4. Soymeal futures were back down $3.30 to $5 at the close, with Soy Oil futures 93 to 103 points higher.USDA reported a total of 792,000 MT of soybeans sold to…

The US government is unlikely to start accumulating Bitcoin for its strategic reserve until other nations make the first move, says crypto entrepreneur Mike Alfred.Alfred said in a podcast published on Tuesday that the US government will start putting Bitcoin (BTC) into its reserve created earlier this year “when there is enough pressure externally.” “Once the US government recognizes that others are taking action before them, that’ll probably catalyze additional action in the future,” he said, adding that the timeline for the US government’s action is up in the air. Mike Alfred speaking on the Coin Stories podcast released on Tuesday.…

The S&P 500 Index ($SPX) (SPY) on Monday fell by -0.92%, the Dow Jones Industrials Index ($DOWI) (DIA) fell by -1.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell by -0.83%.  December E-mini S&P futures (ESZ25) fell -0.83%, and December E-mini Nasdaq futures (NQZ25) fell -0.69%.US stock indexes fell on Monday ahead of key news later this week, including a raft of delayed US economic reports and Nvidia’s earnings on Wednesday.  Stocks had some underlying support from a +3% jump in Alphabet after Berkshire Hathaway disclosed a $4.9 billion stake in the company.  Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter…

VanEck has launched the US’s third exchange-traded fund (ETF) featuring Solana staking, as more altcoin-tied funds are set to enter the market soon.The VanEck Solana ETF (VSOL) launched on Monday, joining similar funds from Bitwise and Grayscale that debuted late in October and have jointly seen over $380 million in inflows.Like Bitwise and Grayscale’s ETFs, VSOL offers staking yields, where Solana (SOL) is locked up on the blockchain to earn rewards. It has also waived its 0.3% fee until Feb. 17 or until it reaches $1 billion in assets in a bid to compete.Asset managers have been flooding the market…

Amazon.com Inc. is returning to the U.S. investment-grade bond market for the first time in nearly three years, seeking to raise about $12 billion through a multi-part offering, according to multiple reports. The company is issuing bonds across as many as six tranches, with the longest— a 40-year note—initially marketed at roughly 115 basis points over Treasuries, Bloomberg reported.  Proceeds will be used for general corporate purposes, including continued expansion of Amazon’s data center footprint, logistics infrastructure, and rapidly growing artificial intelligence investments.  The deal is being led by Goldman Sachs, JPMorgan Chase, and Morgan Stanley, and arrives during a historic surge in debt issuance from major technology…

December ICE NY cocoa (CCZ25) on Friday closed down -200 (-3.64%), and December ICE London cocoa #7 (CAZ25) closed down -37 (-0.90%).Cocoa prices extended this week’s sell-off on Friday and posted 1.75-year lows on the nearest-futures chart.   Expectations of possible tariff cuts are weighing on cocoa prices after US Treasury Secretary Bessent said Wednesday that there would be “substantial announcements over the next couple of days” on tariffs on crops not grown in the US, including cocoa.   Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  Since posting 6-week highs…

Harvard University boosted its investment in BlackRock’s Bitcoin exchange-traded fund (ETF) by over 250% in the third quarter after the Ivy League school first bought into the fund earlier this year.Harvard Management Company, the business that manages the university’s $57 billion endowment fund, reported in a regulatory filing on Friday that it held over 6.8 million shares in the iShares Bitcoin Trust ETF (IBIT) worth $442.8 million as of Sept. 30.The university disclosed in August that it had a position IBIT for the first time, holding around 1.9 million shares then worth $116.6 million.“Super rare” for a university to buy…