The U.S. and China Are Hurtling Toward a Shared A.I. Future

The U.S. stock market is printing fresh highs again, but one of Wall Street’s best-known valuation gauges is flashing a far less comfortable message. This time, the warning is coming from the so-called “Warren Buffett Indicator,” which has climbed to its highest level on record as major indices keep pushing upward. Market Cap-to-GDP Gauge Surges […]

The post CleanSpark stock slides 9% as quarterly earnings miss estimates on bitcoin holdings loss appeared on BitcoinEthereumNews.com. CleanSpark (CLSK) stock fell over 9.4% in pre-market trading on Tuesday after the U.S. bitcoin BTC$80,570.00 mining company reported a widening net loss of $378.3 million for its second fiscal quarter, hit by a significant non-cash adjustment to its digital asset holdings. The company reported a net loss of $378.3 million for the quarter ending on March 31, a steep increase from the $138.8 million loss reported the same period last year. The loss of $1.52 per share was more than triple the analyst estimate on EPS of a 41 cents’ loss. The firm’s bottom-hit was mainly driven by a $224.1 million non-cash bitcoin fair value loss, reflecting market volatility. Quarterly revenue reached $136.4 million, down 25% from $181.7 million year-over-year, the report revealed, missing estimates of $154.3 million. Despite the dip, CleanSpark expanded its infrastructure,

With the CLARITY Act heading to committee and a July 4 signing window, Bitcoin sits near $82K as ETF flows, corporate treasuries and post‑halving supply all align for a $100K test. Senator Cynthia Lummis confirmed on X that the U.S.…

Musk's China engagement underscores Tesla's strategic reliance on Chinese market dynamics, impacting investor sentiment and global operations. The post Tesla shares rise 3% as Musk set to join Trump for China trip appeared first on Crypto Briefing.

The post Bitcoin rally stalls ahead of U.S. inflation report as XRP, SOL prices hit resistance: Crypto Daily appeared on BitcoinEthereumNews.com. This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. Bitcoin’s BTC$80,621.04 rally stalled in the $80,000–$82,000 range, where it has largely traded since last Wednesday. While fund flows continue to point toward an eventual breakout, macro risks, particularly inflation, suggest caution. The U.S. is scheduled to report its consumer price index (CPI) for April at 8:30 a.m. ET. According to FactSet, the median estimate is 3.7%, up from 3.3% in March. If that proves correct, it would mark the largest increase in the CPI since January 2024 and be well above the trailing 12-month average of 2.7%. Analysts are worried that such a reading, especially against the backdrop of what President Donald Trump described as an “unbelievably weak” U.S.-Iran ceasefire and still-elevated oil prices, could trigger risk aver

The summit's outcome could reshape global trade dynamics, impacting tech collaboration, crypto markets, and economic stability worldwide. The post Elon Musk joins Trump in China for high-stakes meeting with Xi appeared first on Crypto Briefing.

Learn how the CLARITY Act could reshape U.S. crypto regulation, SEC/CFTC oversight, exchanges, tokens, DeFi, and investor risk.

The post U.S. spot XRP ETFs post strongest inflow day in four months appeared on BitcoinEthereumNews.com. U.S. spot XRP exchange-traded funds have pulled in their largest daily inflow in roughly four months. Summary U.S. spot XRP ETFs recorded $25.8 million in daily inflows, the highest level since January. Franklin Templeton, Bitwise, and Grayscale all posted positive XRP ETF flows, according to SoSoValue data. According to SoSoValue data, spot XRP ETFs listed in the U.S. recorded combined net inflows of $25.8 million on May 11, the strongest single day of inflows since Jan. 5.  Franklin Templeton’s XRPZ accounted for the largest share with $13.6 million in new capital, while the Bitwise XRP ETF added $7.6 million and Grayscale’s GXRP attracted $4.6 million. Institutional demand has been building across several crypto ETF products in recent weeks as money continues moving into regulated digital asset vehicles.  Bitcoin ETFs have now recorded seven consecutive weeks of positive flows,