Markets

Isabelle Lee Fernando Gutierrez-Juarez/picture alliance via Getty Images The total volume of crypto M&A deals skyrocketed nearly 5,000% in 2021, according to PwC. The average transaction size tripled in value from $52.7 million to $179.7 million. PwC also found that deals shifted back to the Americas with 51% of them occurring in the region. Loading… Continue reading Crypto M&A volume jumped nearly 5,000% in 2021 with the average deal size tripling in value, PwC says

US stocks fell on Thursday after hotter-than-expected inflation data and hawkish comments from the Fed’s James Bullard. A 7.5% jump in the consumer price index led to the market pricing in six Fed rate hikes this year.”I was already more hawkish but I have pulled up dramatically what I think the committee should do,” Bullard said.… Continue reading Nasdaq drops 2% after Fed’s Jim Bullard says he favors aggressive rate hikes after inflation data

ApeDAO is going ahead with its NFT liquidation after the community voted in favor of the sale.ApeDAO’s token jumped as much as 7% on Thursday as the bidding process began for its NFTs.The DAO plans to list its entire Bored Ape Yacht Club assets for a minimum of 12,000 ether, worth about $37.8 million. Loading… Continue reading ApeDAO token is on the rise after community vote to liquidate its collection of NFTs passes and auction process begins

Former Fed economist Edward Yardeni urged the Fed to go big on rate hikes at the March FOMC meeting. “Just do it,” he told Bloomberg. “Just get on with it, let’s do 50 [basis points], the market’s already discounted it.” Yardeni also said “bond vigilantes” might soon make a “forceful comeback.” A former Federal Reserve… Continue reading Former Fed economist Edward Yardeni tells the central bank to ‘just do it’ and hike interest rates by 50 basis points

Newly minted Twitter CEO Parag Agrawal wants to harness Web3 to benefit consumers. That comes in contrast to the former Twitter boss who has dissed the future internet and its backers. Agrawal said he sees opportunity in Web3 and “incredible” energy to solve problems. Loading Something is loading. Twitter’s new boss is more excited about… Continue reading Twitter’s new CEO sees opportunity in Web3 as founder Jack Dorsey snubs the future internet as venture-capital owned

Roblox stock added to its gains on Wednesday after it partnered with the NFL to launch a metaverse game.”NFL Tycoon” was launched on the Roblox platform just ahead of Super Bowl LVI this weekend.”NFL’s Roblox experience will engage fans year-round in interactive NFL-themed gameplay while also providing a new virtual hangout destination,” the NFL said.… Continue reading Roblox jumps 11% after it partners with NFL to launch metaverse game ahead of Super Bowl

The DAO dedicated to freeing WikiLeaks founder Julian Assange has won a bid to purchase an NFT for 16,593 ether. Proceeds from the NFT sale will go to Assange’s legal defense fund. The NFT, dubbed “Clock,” is a timer that counts the number of days Assange has spent in prison.  Loading Something is loading. AssangeDAO,… Continue reading The DAO that wants to free Julian Assange just won the bid for a $53 million NFT that will be used to help free the WikiLeaks founder

Tech stocks led Wednesday’s advance on Wall Street, pushing Nasdaq Composite up over 2%. Investors are preparing for Thursday’s inflation report for January and the annual rate could edge up to 7.3%.  Atlanta Fed President Raphael Bostic told CNBC on Wednesday he sees inflation coming down soon.  Loading Something is loading. US stocks closed higher… Continue reading US stocks close higher with Nasdaq up 2% as investors await key consumer inflation data