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Oracle (ORCL) shares jumped 11% in premarket trading on Wednesday after the company delivered stronger than expected results and pushed back against fears of a looming “SaaS apocalypse,” easing investor concerns about both AI disruption and its recent debt raise.Revenue climbed 18% to $17.19 billion, beating the $16.92 billion analysts, according to Wall Street Journal. Cloud revenue rose 41%, while cloud infrastructure sales increased by 81%, highlighting strong demand tied to artificial intelligence.Management used the earnings call to directly address concerns that generative AI could undermine traditional software vendors. Executives argued the opposite, saying customers want AI embedded directly into…
Bloomberg Analyst Mike McGlone Issues Bitcoin Warning, Says BTC Could Crash ‘Even Lower’ Than $10,000
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, is warning that Bitcoin (BTC) may collapse into the four figures. In a new interview with crypto trader Elliot Wainman, McGlone says that Bitcoin could collapse below a $10,000 price level due to its greater acceptance by the traditional financial system and the proliferation of digital assets. “I do believe that the Bitcoin bear market started with the massive excesses of 2024. We went a little bit higher in 2025. And now we’re heading lower… Once we got through those ETFs (exchange-traded funds), and once we went through that period of Mr.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO stated that 2026 will be a “defining year” for the company, with XRP at the center of its strategy, emphasizing the importance of steady adoption growth through partnerships and innovation. XRP At The Center Of Ripple’s Strategy Ripple CEO Brad Garlinghouse declared that 2026 is poised to be another pivotal year for the crypto giant, noting that the company has strategically positioned itself in the right markets and is equipped with the necessary capabilities in payments, custody, liquidity, and treasury management. In a Tuesday X…
Sen. Adam Schiff (D-CA) has introduced proposed legislation that would ban prediction market contracts tied to terrorism, war, assassination, and death, directly challenging market regulator CFTC’s shift toward looser regulation of event trading.The bill, dubbed the DEATH BETS Act, would strip the agency of discretion over whether to permit such contracts and write explicit prohibitions into law, putting Schiff on a collision course with CFTC Chair Mike Selig’s deregulatory agenda.Schiff, a member of the Senate Agriculture Committee that oversees the CFTC, is positioned to press the issue legislatively as the agency’s new rule making takes shape.Under the Commodity Exchange Act,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After the country’s first stablecoin bill (the GENIUS Act) passed last year, the proposed crypto market structure bill, the CLARITY Act, faced significant delays in the US Congress, particularly due to growing opposition from the traditional banking sector. In this climate, Coinbase’s Chief Policy Officer, Faryar Shirzad, has outlined five critical recommendations on what Congress should avoid when it comes to regulating stablecoins. Coinbase CPO Urges Congress Not To Favor Banks First, Shirzad cautioned against undermining the bipartisan goals established in the country’s stablecoin legislation, which was…
Coinbase-backed AI payments protocol wants to fix micropayment but demand is just not there yet
Since the emergence of ChatGPT and chatbots, the artificial intelligence (AI) hype has evolved into “agentic payments,” billed as the next wave of internet commerce in which humans won’t be transacting.It will be AI agents paying each other: The idea is simple: build automated payment rails using AI agents that traditional firms like credit card companies struggle with.And the narrative around agentic payments is only growing, with crypto CEOs like Brian Armstrong and CZ hyping AI agents and McKinsey saying AI agents could mediate $3 trillion to $5 trillion of global consumer commerce by 2030.This is where x402, an agentic…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
Bitcoin Leveraged Markets Flashing Bullish Signal as One Metric Shoots Up ‘Aggressively,’ Says Analytics Firm Glassnode – But There’s a Catch
The blockchain data and intelligence firm Glassnode says that indicators show buying interest in Bitcoin (BTC) leveraged markets as the flagship crypto asset pulls back from $74,000. In its weekly BTC Market Pulse published on March 9th, Glassnode says that the Cumulative Volume Delta (CVD) indicator is showing signs of renewed buy-side interest. CVD serves as a tool for analyzing market order flow by tracking the difference between buying and selling volumes over a specific time. An increasing CVD means that more people are buying aggressively. The analytics firm says that perpetual CVD, which measures the buying and selling volume…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Treasury told Congress this month that crypto mixers have legitimate uses — including protecting consumer privacy. Days later, federal prosecutors in Manhattan moved to put the man who built one of the most-used mixers back on trial. A Split Jury, A Second Chance Manhattan US Attorney Jay Clayton filed a letter Monday asking federal Judge Katherine Polk Failla to schedule a retrial for Roman Storm, co-founder of Tornado Cash, on two counts where jurors deadlocked last year. Clayton’s office is pushing for trial dates between…
Next week could prove pivotal for markets, including bitcoin, as seven major central banks, including the powerful Federal Reserve, announce rate decisions amid war-driven oil price gains that threaten to reignite inflation in the global economy.The week’s packed economic calendar includes the Reserve Bank of Australia (RBA) rate decision on March 17, followed by the Bank of Canada (BOC) and the Fed on March 18, and wraps up with the Bank of Japan (BOJ), Swiss National Bank (SNB), and European Central Bank (ECB) on March 19.Until recently, markets expected most major central banks, led by the Fed, to steadily cut…