Market

The post-election rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.
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The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.
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A day after Trump celebrated stock market records, the S&P 500 sank 3.8%, putting emergency trading halts in focus as AI stocks dragged Wall Street sharply lower during Thursday trading.
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Employees are being told not to bet on casting news, release dates or earnings, though experts say the rules will be hard to enforce.
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Leap, built by the team behind Dialect, launched a beta iPhone app for trading tokenized stocks, ETFs, metals, currencies and crypto on Solana, pitching itself to traders looking beyond meme coins.
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The hacking group has been behind some of the crypto industry's most recent high-profile thefts.
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Soter also received backing of 500 BTC and 2000 ETH, worth another $43 million at current prices.
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Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.
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Analysts said that the Clarity Act's path has become tougher, while advocacy group Stand With Crypto has endorsed 27 winning candidates so far.
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Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.
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