BlackRock's Exec Says CLARITY Act Is 'Less Critical' for Bitcoin Other Cryptos
BlackRock says the Clarity Act matters less for Bitcoin as institutions increasingly treat BTC like digital gold.
Read original at benzingaStocks · News reference
NY's data center ban makes BlackRock CEO Larry Fink's AI grid warning a reality. See why utility stocks CEG, VST, and NEE are in focus.
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
BlackRock says the Clarity Act matters less for Bitcoin as institutions increasingly treat BTC like digital gold.
Read original at benzingaGoldman Sachs has joined Wall Street in backing the Digital Asset Market Clarity Act, but prediction markets suggest final passage is unlikely until mid-2027 at the earliest due to Democratic concerns about ethics provisions. The crypto industry may need to rely on regulatory support from the SEC, CFTC, and OCC if the legislation stalls. Companies with strong Wall Street relationships like Coinbase and Circle are positioned to grow regardless of the Clarity Act's passage.
Read original at the-motley-foolJPMorgan weighs a stablecoin as major banks shift from resisting the technology to building their own blockchain-based payment products.
Read original at benzingaStephen Weiss picks Dick's Sporting Goods, supported by Wells Fargo's upgrade. Jim Lebenthal's final trade is BlackRock, recommended by Evercore ISI's analyst upgrade. Shannon Saccocia recommends iShares U.S. Industrials ETF and Joseph M. Terranova mentions Charles Schwab breaking up.
Read original at benzingaConstellation Energy has secured 920 megawatts of new power purchase agreements with major clients like Microsoft, Comcast, and Bank of America to support AI data center growth. However, the stock has declined 51% from its 52-week high due to delayed cash flows (2027-2032), significant debt from the $26.6 billion Calpine acquisition, and regulatory approval timelines. Despite near-term headwinds, the company's stable utility revenue and long-term AI power demand position it for future growth.
Read original at the-motley-foolConstellation Energy raised its full-year adjusted operating earnings guidance by $0.50 per share to $11.50-$12.50 after reporting a 33% year-over-year increase in Q2 adjusted operating earnings. The company's strong performance is driven by its Calpine acquisition, which added 22 GW of power generation capacity, and major long-term power purchase agreements with hyperscalers like Microsoft and Meta. With 55 GW total capacity and the largest U.S. nuclear fleet, Constellation is positioned to benefit from surging energy demand from data centers.
Read original at the-motley-fool