Cryptocurrency Roundup
Bitcoin ETFs experienced a notable net inflow of $35 million on their first post-halving trading day. Ark Invest predicts a substantial rally for Bitcoin, anticipating a surge of over 3,000% within the next 12 months. Standard Chartered analysts project Bitcoin’s value to double to $150,000 by year-end, while crypto analysts foresee a rise in Bitcoin’s value post-halving.
Political Developments
Biden met with AOC, Sanders, and other lawmakers to address disputes over Israel policy. Trump allegedly violated a gag order multiple times, raising questions about potential leniency from the judge in contempt charges. Trump reversed his stance on TikTok, accusing Biden of favoring Meta.
Economic News
Calix reported mixed results, joining other major stocks in a downward trend. Investor optimism improved, but the Fear & Greed Index remained in the ‘Fear’ zone. Analysts highlighted General Motors, Tesla, and three other stocks to watch.
Technological Advancements
Microsoft unveiled a new AI model rivaling GPT-3.5. Apple planned to make Quest OS the Android of mixed reality. Apple and Nvidia’s chip supplier faced ongoing stock woes. Analysts predicted TikTok’s shutdown in the US ahead of a Senate vote. LGBT dating app Grindr faced legal action for allegedly disclosing users’ HIV status.
Industrial News
Boeing anticipated slower 787 production due to supplier shortages, but it would deliver Q1 earnings despite the ongoing air safety scandal.
Financial News
UBS Group considered westward expansion with a new office in Menlo Park. Visa’s Q2 earnings were expected to rise, based on recent analyst forecasts.
General News
California achieved a milestone in energy storage, surpassing gas and renewables for the first time. Musk labeled Social Security as a Ponzi scheme, while SpaceX’s injury rates remained a concern.
