A growing number of athletes are turning to tokenizing their contracts, which are paid in cryptocurrency. One such athlete is Calaxy Co-Founder & Executive Chair Spencer Dinwiddie, a Dallas Mavericks guard, who joins Wealth! to discuss his thought process and outlook on the cryptocurrency market.
"When we look at investing in digital assets as an asset class, I think you need to take a long-term perspective," he tells Yahoo Finan...

The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration.
The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump ...

With voters flipping key seats in favor of pro-crypto candidates, the crypto community is witnessing a transformative moment that could reshape the regulatory landscape in America.
Former President Donald Trump, now returning to office, has expressed ambitions to make the U.S. the global capital of crypto. His commitment, combined with a Republican majority in the Senate (and possibly the House as too-close-to-call races are settl...

Bitcoin miners and crypto companies that have been stonewalled in efforts to go public in the US may ultimately be the biggest winners in the digital-asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share may end up being the biggest losers.
How Routine CrowdStrike Update Crashed the World’s Computers
That’s the view taking hold among market participants and observers in the wak...

Bitcoin is rising, with prices hitting a two-week high on Monday.
Investors are likely betting that Trump will win the election after he survived an assassination attempt.
Once a Bitcoin skeptic, Trump now says he's a crypto fan as he looks to woo undecided voters.
Bitcoin surged after former president Donald Trump survived an assassination attempt on Saturday.
The price of the digital currency hit a two-w...

Goldman Sachs (GS) reported that its second-quarter profits soared 150% from a year ago as investment banking surged, the latest signal that Wall Street is warming up after a two-year drought.
Net income was $3.04 billion, which beat analyst expectations. Its total revenues of $12.73 billion also rose 17% from a year ago.
The result gives CEO David Solomon more momentum following his most challenging year ever as boss.
A year ago ...

The latest sign that inflation is cooling makes it more likely the Federal Reserve will be able to gain enough confidence to cut interest rates this fall.
The odds of a cut in September jumped Thursday after the release of favorable new numbers from the Consumer Price Index (CPI), with traders now pricing in an 83% probability of an easing at the Fed's meeting on Sept. 17-18.
"I think it puts September firmly on pace for a ...

3iQ Digital Asset Management, a Canadian investment firm, has announced plans to launch the first Solana-based exchange-traded fund (ETF) in North America.
The proposed fund, named QSOL, will be listed on the Toronto Stock Exchange (TSX) and aims to track the price movements of Solana’s native cryptocurrency, SOL, against the U.S. dollar.
This move is expected to provide investors with the opportunity for capital appreciation and staking yields.
The S...

One of the most anticipated events between now and the elections in November is the debate between presidential candidates Joe Biden and Donald Trump. The debates, scheduled for June 27 and Sept. 10, are anticipated to provide both candidates with opportunities to clarify their policy stances and appeal to voters ahead of the election. While the primary topics of the debate are expected to include border security, inflatio...

Options trading desks saw heavy buying activity for BTC calls with June expiry.
BTC "ready to squeeze higher" with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted.
Bitcoin {{BTC}} options traders are increasingly positioning for the asset to hit fresh record prices this month, market data suggests.
"Our desk saw strong bullish follow-through with signi...