Finance

XRP, Solana and Dogecoin rallied on Friday, posting gains of 3% to 6%.  Bitcoin’s six-day volatility decline paves the way for altcoin gains in the market cycle.  ETF hype acts as a catalyst in XRP, Solana and Dogecoin this week, pushing prices higher. XRP, Solana (SOL) and Dogecoin (DOGE) gained 5.91%, 2.88% and 3.36% respectively…

Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality…

Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms. That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer in the…

Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025.  NYSE DaVita, a company that provides dialysis services, saw shares tumbling Friday after issuing a weak outlook amid rising care costs, while big investor Berkshire Hathaway offloaded some shares in a preplanned agreement. The health-care stock fell more than 12% Friday….

The introduction of BitVM smart contracts has marked a significant milestone in the path for scalability and programmability of Bitcoin. Rooted in the original BitVM protocol, Bitlayer’s Finality Bridge introduces the first version of the protocol live on testnet, which is a good starting point for realizing the promises of the Bitcoin Renaissance or “Season…

Ripple (XRP) price consolidated around $2.40 on Thursday, up 11% since Monday, as the market stabilized following an initial contractionary reaction to US CPI data. XRP total addresses have risen by more than 200,000 since SEC Chair Gary Gensler’s farewell interview on January 14. Stellar continues to track XRP’s uptrend this week, indicating more upside…

A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images Video game retailer turned meme stock GameStop is considering investing in bitcoin and other cryptocurrencies, according to sources familiar with the matter. GameStop is exploring investments in alternative asset…

U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in…

A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%,…

PancakeSwap native token, CAKE, surged 8% on Thursday, inches close to $3.  CAKE ranked first in 7-day trading volume and recorded $99.8 billion in 30-day trading activity.  Former Binance CEO CZ’s comments on the BNB ecosystem catalyzed price rallies in several tokens, including CAKE.  PancakeSwap’s native token CAKE extended gains by 8% on Thursday, inching…