Adam Forsyth

Bitcoin Falls with Stocks Following Trump’s Trade War – Fed’s Next Move?

Bitcoin’s recent decline isn’t just a crypto issue—it’s closely following the performance of major tech stocks like Apple, Tesla, and Microsoft. Geoff Kendrick of Standard Chartered refers to this as the “Magnificent Seven plus Bitcoin” group. While Tesla has struggled, Meta and Apple have remained more resilient. Bitcoin’s movements are largely driven by broader market…

Read More

Binance secures $2 billion from Abu Dhabi’s MGX

Key Takeaways Abu Dhabi’s MGX invested $2 billion in Binance, marking the largest-ever crypto company investment. The investment gives MGX a minority stake in Binance to support blockchain technology development. Share this article Binance announced Wednesday that the company has secured $2 billion from MGX, the Abu Dhabi-based investment firm that backed Trump’s $100 billion…

Read More