Posts

Trump administration is dumping money into cratering nuclear stocks

The stock prices of most publicly-traded nuclear companies that have received a loan, contract, or financial incentive from Donald Trump’s administration have declined since receiving that favor. Trump’s administration has handed the nuclear industry tens of billions of dollars of incentives in the past year, including a new $4.2 billion federal loan to Ohio nuclear plant operator Vistra announced today. Vistra’s stock price is down 9% year-to-date (YTD). Another $80 billion proposal between Cameco and Brookfield Asset Management would have handed the US government 20% of future profits or equity in the public-private partnership. Cameco stock has declined 3% YTD. Despite a 22% boost in its stock price when that deal was announced in October, its shares are 12% lower today than the date of that deal. Brookfield Asset Management, the second party to that deal, has lost 15% YTD, and has performed even worse when measured from the October announcement date. ...
Post a Comment
Read more

The year's second-largest XRP hack is spilling over to Bitcoin and Ethereum

The D’CENT wallet hack, the year’s second-largest drain of XRP behind the Bitget crypto exchange hack, has spilled beyond the XRP Ledger onto additional blockchains like Bitcoin, Ethereum, and Stellar.  Hackers have drained more than 12.4 million XRP from more than 7,000 D’CENT wallets, still some way behind Bitget’s loss of 102.9 million XRP. Although the wallet was popular among the XRP community, D’CENT users who owned assets of other blockchains have also lost their funds. D’CENT’s own disclosure named Bitcoin, Tron, and Ethereum, for example. Even a Stellar user has lost XLM in the incident. Hackers are able to sweep funds across blockchains with one compromised recovery phrase for the multi-blockchain wallet. IoTrust, the maker of D’CENT, confirmed at least 110 abnormal transfer reports, including non-XRP assets, per ZDNet Korea. Status report on unauthorized asset transfers in the DCENT App Wallet We recognize the serious concern this issue ha...
Post a Comment
Read more

XRP adds $7 billion in a day; Is $2 next?

Image
XRP is experiencing another rally, with its market capitalization climbing nearly $7 billion on September 21 as the cryptocurrency’s price reached $1.49. More specifically, XRP’s market value shot up from $86.73 billion to $93.49 billion between 3:00 p.m. (UTC) on September 20 and the same time on September 21, citing CoinMarketCap data. The move, which represents a 7.8% gain over just 24 hours, comes as investors focus on potential institutional adoption of the XRP Ledger (XRPL) and whale activity picks up. XRP price 24-hour chart. Source: Finbold In addition, renewed speculation that Bank of America (BofA) could use Ripple technology has also contributed to the bullish narrative, although any such institutional adoption would need to be confirmed by the companies involved. Nonetheless, the push has allowed the cryptocurrency to break above the $1.45-$1.47 resistance zone on elevated trading volume, which nearly doubled on September 21, approaching $41.3 bill...
Post a Comment
Read more

Oracle Layoffs Put India on Alert After 21,000 Jobs Were Cut

Image
Oracle layoffs are back in the news, and this time it’s India that everyone keeps asking about. The company cut thousands more jobs in the US on September 14, 2026, and it still hasn’t said much about India layoffs specifically, at least not at the time of writing. Oracle hasn’t confirmed any new job cuts tied to its India operations either, but the 2026 layoffs wave has people across the company’s India offices a bit on edge, especially with Oracle having already trimmed its global workforce by 21,000 jobs, or roughly 13 percent, during the fiscal year that ended in May. Also Read: Social Security COLA Could Raise Average Checks to $2,008 in 2027 Oracle Layoffs: India Faces New Job Cuts As AI Spending Grows Source: First Post What The Latest Cuts Mean For India In the first week of September, a Times of India report guessed that Oracle could affect around 3,000 jobs in India, as Oracle reshuffles its workforce and shifts money toward newer skills. Oracle never c...
Post a Comment
Read more

Trading expert sets date when Bitcoin will hit $106,000

Image
A trading expert has identified late August 2027 as the likely timeframe for Bitcoin (BTC) to reach $106,000, citing a long-term bullish chart pattern that has been forming since the 2021 market peak. The forecast is based on a weekly Bitcoin chart shared by TradingView analyst TradingShot , who argued that BTC’s price action over the past five years resembles a large cup and handle pattern, a formation commonly associated with bullish breakouts and trend continuation. At the time of the Analysis , Bitcoin was trading near $79,500, implying a potential upside of about 33% to the projected $106,000 target. According to the analyst, the cup portion of the pattern formed between the November 2021 cycle top and Bitcoin’s bear market bottom in late 2022. The handle has since developed as a downward-sloping channel during the current consolidation phase. Bitcoin price analysis chart. Source: TradingView The outlook suggests that a confirmed breakout could...
Post a Comment
Read more

Ripple just unlocked over $1.3 billion XRP

Image
Ripple released 1 billion XRP from escrow on September 1, 2026, through three transactions of 100 million, 400 million, and 500 million XRP.  At XRP’s price of about $1.38, the unlocked tokens were worth roughly $1.38 billion. The release reduced Ripple’s escrow holdings from about 32.28 billion XRP to 31.28 billion XRP. The monthly unlock is part of a program introduced in December 2017, when Ripple placed 55 billion XRP into time-based escrow contracts on the XRP Ledger.  The protocol automatically releases up to 1 billion XRP on the first day of each month, making the tokens available to Ripple-controlled accounts without any additional action from the company. Once unlocked, the tokens can be used for operational needs, institutional sales, and On-Demand Liquidity corridors.  Historically, Ripple has re-locked most of each monthly release, typically between 600 million and 800 million XRP, into new escrow contracts, extending the o...
Post a Comment
Read more

Trump Raises US Tariffs on All Canadian Auto and Steel to 50%

US President Donald Trump says he is raising tariffs on all Canadian cars, trucks, auto parts, and steel to 50% starting in 2027. Trump’s latest tariff threat would double top-line U.S. tariffs on Canadian auto imports, which currently sit at 25%. A trade deal between the US and Canada fell through again last week, but Trump believes that Canada continues to “rip us off.” JUST IN: President Trump raises tariffs on all Canadian cars, trucks, auto parts, and steel to 50% starting 2027. — Watcher.Guru (@WatcherGuru) August 24, 2026 “Canada has been ripping off the United States of America for years,” Trump wrote in a Truth Social post, accusing the long-time trading partner of hurting U.S. farmers through its own tariff policies. “Not sustainable, and NOT ANYMORE!” he wrote. “On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%.” On Saturday, the U.S. imposed 50% tariffs on about $20 billion of C...
Post a Comment
Read more