BlackRock’s flagship iShares Bitcoin Trust (IBIT) saw record outflows of $523 million on Tuesday — its largest single-day withdrawal since launch, according to Farside Investors. Bitcoin dropped below $90,000, its lowest level in seven months, extending a steep correction after hitting all-time highs in October. IBIT, the largest spot bitcoin ETF with $73B AUM, has...
Saudi luxury real estate developer Dar Global is looking to fund as much as 70% of its latest project—the Trump International Hotel in the Maldives—by selling blockchain-based investment tokens directly to U.S. retail investors, CEO Ziad El Chaar told Reuters in London. The London-listed company is one of The Trump Organization’s most prominent international partners,...
n one of the most consequential tie-ups in the AI race, Microsoft and Nvidia announced plans to invest in Anthropic, alongside a massive $30 billion commitment by the Claude maker to run its AI workloads on Microsoft Azure. The deal cements deeper strategic alliances across the most powerful players in artificial intelligence. A multi-billion dollar...
Brazil’s central bank has shut down Banco Master, halting the mid-sized lender’s operations and placing it into extrajudicial liquidation after months of escalating liquidity strain—just as police arrested its controlling shareholder, marking one of the country’s most dramatic financial interventions in recent years. A central bank–appointed liquidator will now oversee creditor claims and asset sales,...
Canada’s S&P/TSX Composite Index rose 0.55% to 30,203.84 on Wednesday, snapping a two-day losing streak as gold stocks surged and investors braced for Nvidia’s highly anticipated quarterly results. With doubts growing over stretched valuations in tech and AI stocks, Nvidia’s Q3 earnings — due after U.S. markets close — are poised to set the tone...
The $3 trillion private credit market just hit another flashpoint.Blue Owl has restricted withdrawals from one of its debt funds ahead of a planned merger — reigniting concerns already spreading after high-profile bankruptcies and fraud probes this fall. This comes at a time when private credit has been the fastest-growing asset class on Wall Street,...