Cango’s AI Pivot Gets First Customer
The company’s bitcoin mining business held steady in the second quarter, as its first high-performance computing center was ready to receive customers in July image credit: Bamboo Works Key
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SAIC, Walmart And 3 Stocks To Watch Heading Into Monday
US stock futures mixed, focus on SAIC, PHGE, PXS earnings; WMT settles opioid lawsuit; CANG expected to report loss. See premarket coverage.
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Shares of crypto-linked companies are trading higher amid a rise in Bitcoin after the CFTC submitted a proposal on Thursday to regulate crypto asset transactions and markets. This, along with yesterday's announcements from the CFTC and SEC, signals that regulatory agencies are taking action after the Clarity Act failed to advance in the Senate.
Shares of crypto-related companies are trading higher after the SEC announced a five-year exemption for tokenized stock trading. The CFTC also issued a no-action position against passive software providers that partnered with regulated entities and failed to register as brokers.
Shares of crypto-linked stocks are trading higher as Bitcoin prices hit $80,000 amid lower yields and a weaker dollar. Fed's Waller's comments that he is inclined to support holding interest rates steady may have further supported the speculative asset by easing concerns about tighter monetary policy and improving risk appetite.
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