Market News and Financial Updates
Browse through our curated collection of news articles and market insights.
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The News section brings you the latest headlines, market-moving updates, and economic events that matter to traders.
Showing 1-10 of 80 news articles
Kevin Durant’s Lost Bitcoin Now Worth Millions
NBA star Kevin Durant lost access to his Coinbase account after buying Bitcoin in 2016 at around $360–$1,000, but the mistake turned into a massive win. Locked out for years, Durant avoided selling during market swings, and with Bitcoin now near $116,000, his holdings have soared over 11,000%, creating a multimillion-dollar fortune before he recently regained access.
PayPal’s PYUSD Expands to 7 Blockchains with LayerZero
PayPal’s stablecoin PYUSD, issued by Paxos, is now live on Ethereum, Solana, Arbitrum, and Stellar, with new extensions to Tron, Avalanche, and Sei enabled by LayerZero interoperability. Through PYUSD0, the token achieves full 1:1 fungibility across all supported chains, allowing seamless transfers and usage in payments, DeFi, and Web3 applications. Backed by dollar reserves and regulated by the NYDFS, PYUSD aims to combine regulatory trust with blockchain efficiency to advance digital payments worldwide.
Grayscale Launches CoinDesk Crypto 5 ETF on NYSE Arca
Grayscale’s Digital Large Cap Fund has been officially converted into the CoinDesk Crypto 5 ETF, set to debut on NYSE Arca tomorrow, offering investors regulated exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano. The ETF structure removes prior redemption restrictions, broadening participation to institutional investors while aligning with CoinDesk’s benchmark index.
BlackRock Shifts $151M from Ethereum to $290M Bitcoin
BlackRock has rebalanced its crypto exposure by selling $151 million worth of Ethereum from its iShares Ethereum Trust while purchasing $290 million in Bitcoin through its iShares Bitcoin Trust, marking a notable institutional pivot back toward Bitcoin. The shift comes amid growing expectations of Federal Reserve rate cuts, which typically increase demand for risk assets, and reflects Bitcoin’s stronger appeal as a "digital gold" compared to Ethereum. While both assets have posted strong gains this year, Bitcoin ETFs now dominate institutional inflows, with holdings surpassing $58 billion versus about $13 billion for Ethereum funds.
U.S. Stocks Mixed as Fed Delivers First Rate Cut Since December
On September 17, 2025, the S&P 500 closed slightly lower and the Nasdaq slipped as tech stocks retreated, while the Dow Jones climbed after briefly hitting a record high. The moves came after the Federal Reserve cut interest rates by 25 basis points to 4%–4.25%, its first reduction since December. Fed Chair Jerome Powell described the move as a “risk management cut” rather than the start of a prolonged easing cycle, with two more cuts expected this year but only one projected in 2026.
Yskaela Denies Rug Pull, Donates Token Rewards to Charity
Filipino crypto influencer Yskaela has denied allegations of rugpulling her token launched on the Solana-based Pump.fun platform, where over 98% of tokens have been linked to scams or pump-and-dump schemes. Emphasizing transparency, she pledged to donate all creator rewards from her token to charity, aiming to build credibility and separate herself from the fraudulent practices that dominate the ecosystem.
Oil Prices Fall on Weak U.S. Demand and Oversupply Concerns
Oil prices slipped, with Brent crude at $67.38 per barrel and WTI at $63.54, as fears of softening U.S. demand and oversupply outweighed earlier geopolitical-driven gains. Rising U.S. diesel stockpiles, higher crude inventories, and signals from the IEA that global supply may outpace demand growth this year added pressure, while OPEC output increases and Fed rate cuts further shaped market sentiment.
PayPal Links Make Sending Money as Easy as Texting
PayPal has introduced PayPal Links, a feature that lets users create one-time payment links shareable via text, email, or DMs for sending fiat or crypto like Bitcoin, Ethereum, and PYUSD. The links are private, expire in 10 days, and require only a PayPal account, with no fees or tax reporting for friends-and-family transfers. Launched in the U.S. with plans to expand globally, this service embeds payments directly into conversations, simplifying peer-to-peer transfers and boosting mainstream crypto adoption.
U.S. Housing Market Sluggish Until 2027 Amid High Mortgage Rates
The U.S. housing market is set to remain weak through 2025 and 2026 as mortgage rates around 6.5% continue to squeeze affordability and deter buyers, while homeowners with sub-4% loans hold back from selling, keeping supply tight. Home prices have already declined for four straight months, and projections show only modest growth ahead—about 2.1% in 2025 and 1.3% in 2026—pointing to a sluggish recovery not expected until 2027.
U.S. households struggle with debt and rising costs.
Inflation and higher interest rates are straining U.S. consumers across income levels, with younger generations hit hardest by student loan delinquencies and high-income earners also showing rising signs of financial stress. While the national average FICO score remains historically strong, delinquency rates on credit cards, auto loans, and mortgages are climbing, reflecting broader affordability challenges.
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We cover global economic events, local market sentiments, and specific asset movements that impact your trading. Our goal is to help you stay updated without getting overwhelmed, providing concise and actionable information.