The exchange-traded fund industry is making pair-trade strategies more accessible to everyday investors by introducing new ETFs that bundle long and short positions into one product. Tidal Financial Group’s Michael Venuto filed for eight two-stock ETFs, which are expected to launch in a few months. This streamlined approach eliminates the need for separate trades and…
OpenAI’s ChatGPT rejected over 250,000 requests to generate images of 2024 U.S. presidential candidates, including Donald Trump and Joe Biden, leading up to Election Day. Concerns about misinformation created by generative AI have grown, with a 900% increase in deepfakes. OpenAI reported disrupting over 20 operations attempting to use their models for deceptive purposes. However,…
Sony’s PlayStation 5 has reported a big jump in operating profit, beating analyst expectations. The company saw strength in its game and network services division, with revenue up 11% year-over-year. Sony revised its fiscal year revenue target slightly higher. The gaming division has been doing well, with a shift to digital game purchases and the…
Analysts believe that Bitcoin could reach $100,000 by the end of the year due to President-elect Donald Trump’s election victory. Trump’s promises to support cryptocurrencies and create a regulatory framework favorable to Bitcoin are seen as positive factors. Other catalysts for a potential price increase include changes in leadership at the SEC, crypto-friendly regulations, and…
Donald Trump celebrated his potential victory on Election Night at Mar-a-Lago with high-profile supporters like Elon Musk, Robert F. Kennedy, Jr., and Howard Lutnick, all of whom have ties to the crypto industry. As digital asset markets surged, Trump made promises to support the industry, including maintaining a national crypto stockpile and firing SEC Chairman…
Crypto fans are excited about the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno defeated incumbent Sherrod Brown, who was unpopular with the crypto community. Moreno received significant support from the crypto industry, with over $40 million directed towards his campaign. The race was a test of the industry’s influence in politics,…
Bitcoin rallied to an all-time high of $75,000 overnight as investors speculated on the outcome of the U.S. election. The price of the cryptocurrency hit a record high as former President Donald Trump gained an edge in the Electoral College. Bitcoin has been trading in a narrow range below $70,000 for most of the year,…