Latest Market News

May 24
Moderna says it will start developing a monkeypox vaccine

Moderna Inc. MRNA, -4.08% tweeted Monday afternoon that it is “investigating potential monkeypox vaccines at a preclinical level.” Several stocks of companies that are developing or have smallpox or monkeypox vaccines and treatments jumped in trading on Monday as more people have become aware of the cluster of cases in Europe. Moderna’s stock is down […]

May 24
Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets

Crypto exchange Bitbank revealed plans to establish JADAT, a crypto-specialized custodian, in partnership with Sumitomo Mitsui Trust Holdings. 578 Total views 38 Total shares In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings to establish Japan Digital Asset Trust (JADAT).  According to […]

May 24
Home builder stocks suffer unanimous selloff after disappointing new home sales data

The home builder sector was suffering a unanimous selloff in morning trading Tuesday, after data showing new home sales surprisingly fell in April, and sharply, amid high prices, rising mortgage rates and low supply. The iShares U.S. Home Construction ETF ITB, -3.37% sank 3.4%, with all 47 equity components losing ground, while the SPDR S&P […]

May 24
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners

Legislators in the lower house of Russia’s parliament also dropped the notion of a special register for mining operators. 873 Total views 26 Total shares In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join […]

May 24
Stocks open lower as Monday bounce gives way to renewed selling

U.S. stocks opened lower Tuesday, slumping after disappointing results from Snapchat parent Snap Inc. sent tech-related shares skidding. The fall comes after stocks bounced sharply higher on Monday following a rout that took the S&P 500 SPX, -1.37% to the brink of a bear market on Friday. The Dow Jones Industrial Average DJIA, -0.51% was […]

May 24
Coinbase offers ‘thousands of tokens’ in expanded swap service

Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet, which will give traders far greater access to tokens that are not listed on the Coinbase exchange. 3021 Total views 10 Total shares America’s largest crypto exchange Coinbase has added the BNB Chain, formerly Binance Smart Chain, and […]