Bitcoin Falls Below $60,000, Dragging Crypto Market Value Down by $2 Trillion
Bitcoin’s price dropped to its lowest level since last October, intensifying a sell-off that has erased over $2 trillion from the crypto market since late 2025.
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Crypto & Fintech
Corporate Power
Eureka Plans to Convert Vacant Lot into Emergency Shelter for Unhoused Residents
Eureka aims to expand emergency shelter capacity for its unhoused population by acquiring a vacant lot in Old Town to develop 40 modular units with supportive services.
Markets & Macro
Wall Street Falls Sharply as Technology Stocks Plunge Amid Rate Hike Concerns
Wall Street’s nine-week rally ended with steep losses as chip stocks plunged and strong jobs data heightened fears of Federal Reserve interest rate hikes.
Crypto & Fintech
U.S. House Committee Advances Detailed Crypto Tax Bill Focused on Stablecoins, Staking, and Mining
The U.S. House Ways and Means Committee moves forward on landmark legislation proposing clear tax rules for stablecoins, staking rewards, and cryptocurrency mining income.
Energy & Climate
Multistate Lawsuit Challenges $928 Million Offshore Wind Deal Amid Climate and Job Concerns
Attorneys general from seven states sue federal government over $928 million payout to TotalEnergies, alleging illegal cancellation of offshore wind leases that threaten clean energy jobs and climate goals.
Markets & Macro
Tech Stocks Slide Sharply Amid Fed Rate Hike Concerns and AI Chip Sector Doubts
Tech shares led a broad market decline as investors weighed renewed Federal Reserve rate hike fears alongside uncertainty over the sustainability of the AI-driven chip industry boom.
Crypto & Fintech
SEC Commissioner Argues Blockchain Code Is Protected Free Speech Under the Constitution
A US securities regulator emphasized that open-source blockchain software development is constitutionally protected speech, challenging its automatic treatment as a securities activity.
Crypto & Fintech
Institutional Bitcoin Holdings Face Heavy Losses Amid Bitcoin's Prolonged Decline
Bitcoin’s price slide has triggered significant unrealized losses across institutional Bitcoin treasuries, with major holders seeing billions wiped off their portfolios.
Crypto & Fintech
Mt. Gox Bitcoin Repayments Drive BTC Below $60,000 Amid Market Selloff
Bitcoin fell below the $60,000 mark as Mt. Gox began large Bitcoin repayments to creditors, sparking widespread sell pressure and pushing the crypto market into deep correction territory.
Corporate Power
California Attorney General Weighs Legal Challenge to Paramount-Warner Bros Merger
California’s Attorney General is nearing a decision on whether to sue to block Paramount’s $110 billion acquisition of Warner Bros amid concerns over reduced competition and job losses in Hollywood.