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☆ Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high
▼ + stars: | 2024-11-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Open interest in bitcoin's price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. "The options market's bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown," Vetle Lunde, head of research at K33 Research, told CNBC. The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the U.S. to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5% and 14%, respectively.

Persons: Bitcoin, Vetle Lunde, Velde Organizations: K33 Research, CNBC Locations: U.S, Velde

☆ Suspect arrested after body of Portland woman vacationing in Budapest is found stuffed in suitcase
▼ + stars: | 2024-11-09 | by ( Minyvonne Burke | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +1 min

A 37-year-old Irish man was arrested in connection with the murder of an American woman vacationing in Budapest, local police said. The man was taken into custody earlier this week at his rented apartment, Budapest Police Headquarters said Saturday in a translated post on Facebook. The suspect allegedly tried to cover up the murder, Budapest police said. He allegedly cleaned the apartment, put Michalski's body in a suitcase, and dumped the luggage in a wooded area near Lake Balaton. The man allegedly told investigators that Michalski’s death was an accident, police said in the Facebook post.

Persons: Mackenzie Michalski, Michalski, I’m Organizations: Budapest Police Headquarters, Facebook, Police, Authorities, Associated Press Locations: American, Budapest, Lake Balaton, Portland , Oregon

☆ American tourist killed in Budapest, suspect arrested
▼ + stars: | 2024-11-09 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

BUDAPEST, Hungary Associated Press —Family members of a 31-year-old American tourist who was killed while on vacation in Hungary’s capital mourned their loss while a 37-year-old suspect was in custody Saturday. The victim, Mackenzie Michalski from Portland, Oregon, was reported missing on Nov. 5 after she was last seen at a nightclub in central Budapest. Investigators said that Michalski and the suspect had met at a nightclub and danced before leaving for the man’s rented apartment. Police said that he had attempted to cover up his crime by cleaning the apartment and hiding Michalski’s body in a wardrobe before purchasing a suitcase and placing her body inside. Friends hold candles while remembering Mackenzie Michalski, an 31-year-old American tourist who was murdered while on vacation, during a candlelight vigil in Budapest, Hungary, on Nov. 9, 2024.

Persons: Mackenzie Michalski, Bill Michalski, “, ”, “ I’m, Michalski, Bela Szandelszky, Mackenzie, “ Kenzie, Michalski’s Organizations: Police, Associated Press, ” Police, Investigators, AP, Budapest police Locations: BUDAPEST, Hungary, Portland , Oregon, Budapest, Irish, Lake Balaton, Szigliget

☆ The history of Jeff Bezos and Donald Trump's relationship
▼ + stars: | 2024-11-09 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Jeff Bezos congratulated Donald Trump on winning the presidential election. Here's a history of Bezos and Trump's relationship. Following Trump's election that year, Bezos was one of several tech leaders who met with the president-elect in a summit Bezos later described as "very productive." Trump and AmazonWhile campaigning for the 2016 presidential election, Trump said Amazon would have "such problems" if he became president . In 2019, Trump bashed Bezos and the Post as he appeared to talk about Bezos' divorce from MacKenzie Scott.

Persons: Jeff Bezos, Donald Trump, They've, Here's, —, Bezos, Hillary Clinton, Trump, The Washington Post Trump, MacKenzie Scott, Jeff Bozo, Kamala Harris Organizations: Service, Trump, Amazon, United States Post Office, Post, Department, Microsoft, Amazon Web, DoD, AWS, Cloud Service, The Washington Post, Washington Post, Amazon Washington Locations: America, U.S

☆ Fintech trades soar post election
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFintech trades soar post electionCNBC's MacKenzie Sigalos joins CNBC's 'Closing Bell' to discuss the surge in fintech stocks on the back of the election.

Persons: CNBC's MacKenzie Sigalos

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin gains 10% in a week after Trump victory and rate cuts: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Johann Kerbrat of Robinhood Crypto discusses crypto trading activity on the platform after the election, and his expectations for regulation under a Trump administration.

Persons: explainers, Johann Kerbrat, Robinhood Crypto, Trump Organizations: Trump, CNBC Crypto, CNBC

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. "Our primary focus is #Bitcoin," Dorsey proclaimed on Twitter. The name of the business unit would be TBD. Block called it Web5 and said the mission was to create a more decentralized, secure and private internet. Dorsey said in a tweet in mid-2022 that Web5 "will likely be our most important contribution to the internet."

Persons: Jack Dorsey, Shiba Inu, bitcoin, Dorsey, Amrita Ahuja Organizations: Twitter Inc, Twitter, Square Inc Locations: Miami , Florida, U.S

☆ Fintechs Upstart and Toast soar on earnings
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Toast , which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Toast is still well off its pandemic highs of 2021, but the stock has now more than doubled this year. The company's adjusted earnings forecast of $90 million to $100 million for the current quarter sailed past estimates. Coinbase shares jumped 48% for the week, their strongest performance since January 2023.

Persons: Chris Comparato, David Girouard, Donald Trump's, Coinbase, Trump, Gary Gensler, Bitcoin, dogecoin, fintechs, Jack Dorsey's, Robinhood Crypto Organizations: Inc, New York Stock Exchange, Nasdaq, SEC Locations: fintech, solana

☆ Robinhood Crypto general manager reacts to recent bitcoin rally
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood Crypto general manager reacts to recent bitcoin rallyCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. 08:04 2 hours ago

Persons: Robinhood, explainers Organizations: CNBC

☆ How crypto and fintech may perform under the second Trump administration
▼ + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow crypto and fintech may perform under the second Trump administrationCNBC's MacKenzie Sigalos discusses the influence the crypto sector had on the election, and what Trump's victory and future policies will do for the assets and related stocks.

Persons: Trump, CNBC's MacKenzie Sigalos

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin's post-election rally continues as Fed cuts rates: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Grewal of Coinbase reacts to the 2024 election results, which saw hundreds of pro-crypto candidates win races across the United States.

Persons: explainers, Paul Grewal, Coinbase Organizations: CNBC Crypto, CNBC Locations: United States

☆ Block shares plunge 11% on revenue miss
▼ + stars: | 2024-11-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

Block shares tumbled 11% in extended trading on Thursday after the company reported third-quarter revenue that trailed Wall Street expectations. Earnings per share: 88 cents adjusted vs. 87 cents expected88 cents adjusted vs. 87 cents expected Revenue: $5.98 billion vs. $6.24 billion expectedBlock, formerly known as Square, posted $2.25 billion in gross profit, up 19% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. The company reported net income of $283.7 million, or 45 cents per share, after losing $88.7 million, or 15 cents a share, a year earlier. The company said gross profit for the fourth quarter will increase 14% to $2.31 billion.

Persons: Jack Dorsey Organizations: LSEG, Twitter

☆ Affirm beats on top and bottom lines
▼ + stars: | 2024-11-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Affirm , the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Revenue less transaction costs (RLTC) came in at $285 million, ahead of earlier guidance of $265 million to $280 million. Affirm said it expects to achieve profitability on a GAAP basis in its fiscal fourth quarter of 2025. Affirm is guiding to GMV in the range of $9.35 billion to $9.75 billion. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Persons: Max Levchin, StreetAccount, Kevin Kennedy, Kennedy, —, Robert Hum Organizations: Revenue, Apple, U.S Locations: LSEG

Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman for the Bureau of Prisons. The federal Probation Department had recommended that Judge Lewis Kaplan sentence Ellison to three years of supervised release, with no time behind bars. Kaplan allowed Ellison to remain free on bail until surrendering to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.

Persons: Caroline Ellison, Sam Bankman, Ellison, Lewis Kaplan, Kaplan, FTX spiraled, I've, Miss Ellison, Nishad Singh, Fried Organizations: Alameda Research, Bureau of Prisons, federal, Department Locations: New York, Connecticut, Alameda, Fried . Alameda, FTX, U.S, Manhattan

☆ Coinbase's legal chief: 'We are going to have the most pro-crypto Congress ever'
▼ + stars: | 2024-11-07 | by ( Mackenzie Sigalos | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase's legal chief: 'We are going to have the most pro-crypto Congress ever'CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

Persons: explainers Organizations: CNBC

Next door in the 7th District, GOP state Rep. Ryan Mackenzie defeated Democratic Rep. Susan Wild, who had flipped a GOP seat in a 2018 special election. Republicans also flipped an open seat in Michigan’s 7th District, after Democratic Rep. Elissa Slotkin decided to run for the Senate. Because California is notoriously slow in counting ballots, some of the half-dozen hyper-competitive races there — critical to which party wins the House majority — likely will take days. In the 27th District, GOP Rep. Mike Garcia was narrowly beating Democrat George Whitesides with 65% of the vote in. In another California battleground race, NBC News projected Wednesday that GOP Rep. Kevin Kiley has defeated Democrat Jessica Morse.

Persons: Donald Trump, Will Trump, that’s, Kamala Harris, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, Ezra Levin, Brendan Boyle, it's, ”, ” Boyle, “ Trump, Harris, Brandon Williams, Marc Molinaro, Josh Riley, Rob Bresnahan, Matt Cartwright, Ryan Mackenzie, Susan Wild, Wild, Elissa Slotkin, Nick Begich, Mary Peltola, Juan Ciscomani, Kirsten Engel, David Schweikert, Don Bacon, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Michelle Steel, Derek Tran, Ken Calvert, Will Rollins, Kevin Kiley, Jessica Morse Organizations: WASHINGTON, Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Biden, Congressional, Democratic, ”, Democrats, GOP, Empire State, NBC, Republican, Democratic Rep, GOP Rep, Central Valley’s, Democrat, District, longtime GOP, Rep Locations: West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Greenland, Syracuse, Empire, Pennsylvania’s, District, Michigan’s 7th, Alaska’s, In Arizona, Nebraska, California

☆ Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
▼ + stars: | 2024-11-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Getting that money required him to make big promises pertaining to the crypto industry. "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said during his keynote speech. Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals. "On day one, I will fire Gary Gensler," Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.

Persons: Donald Trump, Joe Raedle, Elon Musk, Robert F, Kennedy, Jr, Cantor Fitzgerald, Howard Lutnick, Trump, MicroStrategy, Gary Gensler, Joe Biden, Gensler, Crypto, haven't, Sen, Elizabeth Warren, Bitcoin, Jerome Powell Organizations: Trump National Doral Golf Club, Getty, Republican, Strategic, White, U.S . Marshals Service, U.S . Securities, Exchange, SEC, Trump, Lago Club, Riot, Marathon Digital Holdings, Radical Communist, Federal Reserve Locations: Doral , Florida, Nashville, United States of America, Germany, America, Palm Beach , Florida, China, Russia, USA

Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% on Wednesday, their best day on record, as investors celebrated the company's victorious efforts to get pro-crypto candidates into office. "I am so grateful to Ohioans for their resounding support in this race," Moreno said in a statement Tuesday night. "I look forward to working with the new Republican Senate majority to fix our economy, secure our border, and return to American strength at home and abroad." "In the beginning, a lot of people didn't know what crypto was," Armstrong said of his earlier trips.

Persons: Brian Armstrong, Bryan van der Beek, Coinbase, Armstrong, Ohio Republican Bernie Moreno, Sherrod Brown, Bitcoin, Brown, Moreno, Donald Trump's, Ohioans, Gary Gensler, vociferously, Bernie Moreno, Stephen Maturen, Paul Grewal, Grewal, rulemaking Organizations: Coinbase Inc, Singapore Fintech, Bloomberg, Getty, Ohio Republican, Senate, Committee, Crypto, NBC News, Republicans, Republican, Republican Senate, Armstrong, Securities, Exchange, U.S, Brecksville, Center, CNBC, Trump, SEC Locations: Singapore, Washington, Brecksville , Ohio, United States

☆ Swing state voters react to Trump victory
▼ + stars: | 2024-11-06 | by ( Mackenzie Happe | ) edition.cnn.com time to read: 1 min

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☆ Crypto's $245 million campaign finance operation filled airwaves with ads not about crypto
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. LAS VEGAS — In Nevada's 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who's voted in favor of some major pro-crypto bills. "He's leading on jobs, bringing good paying union jobs to Nevada and rebuilding our infrastructure," one 30-second commercial says. "He capped insulin prices at $35 a month," and "worked multiple jobs to support his hard working single mother and siblings in Congress." Fairshake was the largest crypto-aligned super PAC in the 2024 election cycle, spending piles of cash to support crypto allies and vote out antagonists across the country.

Persons: Steven Horsford, who's, Fairshake, Crypto, Elon Musk, Donald Trump, Kamala Harris, Coinbase Organizations: LAS, Congressional, PAC, Democratic, Public, Elon, Republican, Industry, Crypto Alliance, House Locations: Phoenix, Las Vegas, Nevada

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Pennsylvania Seventh Congressional District Election Results 2024: Wild vs. Mackenzie
▼ + stars: | 2024-11-05 | by ( Lazaro Gamio | ) www.nytimes.com time to read: 1 min

Democratic Representative Susan Wild, who has held this competitive seat since 2018, has vastly outraised her Republican challenger as she seeks a fourth term. But the district is favorable ground for Republicans, and Republican Ryan Mackenzie, a member of the state legislature, is running on an “America First” message associated with former President Donald J. Trump.

Persons: Susan Wild, Republican Ryan Mackenzie, Donald J, Trump Organizations: Republican, Republicans

☆ Bitcoiners celebrate as $40 million campaign brings down Ohio Sen. Sherrod Brown
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Republican nominee for U.S. Senate Bernie Moreno addresses supporters at Brecksville Community Center on November 4, 2024 in Brecksville, Ohio. He voted against pro-crypto legislation, called for more regulation of the sector, and regularly posted anti-crypto rhetoric on social media. According to the tracker, 224 pro-crypto candidates have been elected to the House, against 106 anti-crypto House candidates that have won. In the Senate, 14 pro-crypto candidates have been elected, while nine anti-crypto candidates have been victorious. "Americans disproportionately care about crypto and want clear rules of the road for digital assets," Armstrong wrote.

Persons: Bernie Moreno, Crypto, Sherrod Brown, Brown, Moreno, Sen, Elizabeth Warren, Chris Larsen, Joe Biden, Warren, I'm, Tyler Winklevoss, Gary Gensler crony, Winklevoss, Brian Armstrong, Armstrong, Coinbase, Gensler, Elect Moreno's, Bitcoin, Donald Trump Organizations: U.S, Brecksville, Center, Ohio Senate, U.S . Senate, CNBC, Politico, SEC, Senate, Crypto Alliance, NBC, Commodities, Trading Commission, Fairshake, Defend, Jobs, Republican, —, Yildirim Locations: Brecksville , Ohio, Ohio

☆ Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
▼ + stars: | 2024-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. That $78 million includes more than $30 million raised, plus another $48 million in new commitments from centralized crypto exchange Coinbase and Silicon Valley venture fund Andreessen Horowitz, among other companies. All in, a16z has given $70 million to Fairshake as the VC looks to support the PAC's larger mission of building a Congress comprised of pro-crypto legislators. Coinbase, the largest U.S. crypto exchange, was sued by the Securities and Exchange Commission over claims that it engaged in unregistered sales of securities. Ripple Labs is another major political donor this cycle that has given around $50 million to Fairshake.

Persons: Fairshake, Andreessen Horowitz, a16z, Chris Dixon, we're, Dixon, Coinbase, Brian Armstrong Organizations: Securities and Exchange Commission, Labs Locations: U.S, Silicon Valley

☆ Why fintech giants are betting on stablecoins
▼ + stars: | 2024-11-04 | by ( Mackenzie Sigalos | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy fintech giants are betting on stablecoinsCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

Persons: explainers Organizations: CNBC

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