Elon Musk, the world’s richest man, hits record $348B net worth

November 25, 2024 Coin Telegraph

Elon Musk, the world’s richest man, hits record 8B net worth

The new wealth record has been driven by a Tesla stock surge late last week and a $50 billion funding round for Musk’s AI startup.

Tesla CEO and tech billionaire Elon Musk is now richer than ever, with his net worth soaring to $348 billion, a new record high stemming from Donald Trump’s victory in the United States presidential election.

Elon Musk’s net worth hit an all-time high of $347.8 billion by the end of trading on Friday, Nov. 22, propelled by Tesla’s stock (TSLA) rally and a new $50 million funding round valuing his artificial intelligence startup xAI at $50 billion.

The previous peak of $335 billion was reached on Nov. 12, with Musk seeing almost a billion dollars per day added to his net worth over the past fortnight. Since the beginning of the year, Musk’s net worth has increased by 52%, which equates to a whopping $119 billion, according to the Bloomberg Billionaires Index.

German banking giant develops Ethereum L2 using ZKsync

Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

October 13, 2024 Bitcoin.com

Amazon

Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […]

German banking giant develops Ethereum L2 using ZKsync

Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to $5,000 Amid Market Collapse

October 13, 2024 Bitcoin.com

Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to ,000 Amid Market Collapse

Assets

Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it […]

German banking giant develops Ethereum L2 using ZKsync

Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation

September 25, 2024 Bitcoin.com

Bitcoin

Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of […]

German banking giant develops Ethereum L2 using ZKsync

Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’

August 3, 2024 Bitcoin.com

Assets

Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as a chance to get richer, predicting significant future gains in […]

German banking giant develops Ethereum L2 using ZKsync

Bitcoin miners rise 10% after Trump promises to back US miners

June 12, 2024 Coin Telegraph

Bitcoin Miners

The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific.

Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country.

Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.

Trump also reportedly told the industry executives that he promised to support the sector should he be elected as president in November.

German banking giant develops Ethereum L2 using ZKsync

GameStop rallies overnight as Roaring Kitty reveals $180M GME position

June 3, 2024 Coin Telegraph

GameStop rallies overnight as Roaring Kitty reveals 0M GME position

Coin Telegraph

Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets.

GameStop (GME) surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted to Reddit that he’s holding $181.4 million worth of GME stock and call options.

Gill, the trader widely cited as a major influence on the 2021 GME short squeeze, posted to Reddit on his “DeepFuckingValue” account on June 2 for the first time since April 2021.

He shared a screenshot apparently showing he purchased 5 million GME shares for $115.7 million and put $65.7 million into call options, betting that GME would be at least $20 a share on June 21.

German banking giant develops Ethereum L2 using ZKsync

Nvidia doubles down on AI future as stock market cap tops $2.5T

May 23, 2024 Coin Telegraph

Nvidia doubles down on AI future as stock market cap tops .5T

The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers.

Semiconductor giant Nvidia has no plans to slow its artificial intelligence ambitions following bumper quarterly revenues, netting the firm a record $26 billion for the first quarter.

On May 22, Nvidia released its Q1 earnings report. Revenue jumped 18% from the fourth quarter last year and surged 262% from a year ago, beating analyst estimates of $24.6 billion.

The earnings saw NVDA stock prices surge to an all-time high in after-hours trading on May 22 of just over $1,000, pushing its market capitalization to over $2.5 trillion.

German banking giant develops Ethereum L2 using ZKsync

BlackRock’s BUIDL becomes the world’s largest tokenized treasury fund

April 30, 2024 Coin Telegraph

BENJI

It took less than six weeks for the BlackRock USD Institutional Digital Liquidity Fund to surpass Franklin Templeton’s one year old tokenized treasury fund.

The BlackRock USD Institutional Digital Liquidity Fund is now the largest treasury fund tokenized on a blockchain after it surpassing Franklin Templeton’s product this week.

BlackRock’s six-week old product, tickered BUIDL, has notchemarket cap of $375 million, surpassing the 12-month-old Franklin OnChain U.S. Government Money Fund (BENJI), which sits at $368 million, according to a Dune Analytics dashboard.

It comes as BUIDL took in $70 million in the last week, including $50 million from real-world asset tokenization firm Ondo Finance's OUSG token.

German banking giant develops Ethereum L2 using ZKsync

Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

April 25, 2024 Bitcoin.com

Artificial intelligence (AI)

Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]

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