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Yahoo
8 minutes ago
- Yahoo
Bitcoin Nears Record as Treasury Investors Boost Crypto Market
(Bloomberg) — Bitcoin (BTC-USD) rose to within striking distance of an all-time high as demand from institutional investors and corporate treasury buyers lifts the wider market for digital assets. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms The original cryptocurrency advanced as much as 3.2% to top $122,000, not far shy of a previous record set in mid-July. A weekend rally saw Ether surge to above $4,300, its highest level since Dec. 2021. The gains come on the back of mounting interest in cryptocurrencies among large investors. So-called digital-asset treasury companies — listed vehicles that pivot into accumulating cryptocurrencies — have to date amassed a Bitcoin stockpile worth $113 billion, according to data compiled by Coingecko. Equivalent vehicles for Ether have stockpiled some $13 billion of the token so far, according to data. 'Bitcoin's climb toward record highs is being supported by steady institutional inflows into corporate treasuries, US spot ETFs and a shift in sentiment following new US tariffs on imported gold bars,' said Rachael Lucas, a crypto analyst at BTC Markets. 'With gold facing supply bottlenecks and policy risk, Bitcoin's role as a borderless, tariff-free store of value is gaining traction among investors.' Eric Trump, son of US President Donald Trump, who has financial interests in several digital-asset entities, applauded the Ether rally in a post on X. Bloomberg News reported Friday that investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company that would hold its WLFI tokens. Ether options markets reflected the bullish sentiment with an overall put-call ratio 0.40. The highest concentration of call options with a December 26 expiry is at $6,000, according to Deribit data. Bitcoin and Ether positioning has been heavily skewed toward September and December calls in line with macro rate-cut timing and continued adoption by the traditional financial system, said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. For Bitcoin, the next major milestone is the previous all-time high of $123,205, while support for the token can be found near $116,000 if momentum fades, Lucas added. (Updates throughout) The Game Starts at 8. The Robbery Starts at 8:01 The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs Russia's Secret War and the Plot to Kill a German CEO ©2025 Bloomberg L.P. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy
Bloomberg
10 minutes ago
- Bloomberg
Trump's 50% Levy Is Forcing Indian Banks to Scrutinize Exporters
Indian banks are increasing scrutiny of new loan applications from exporters by asking about exposure to the American market and contingency plans for coping with US President Donald Trump's steep tariffs, according to people familiar with the matter. Bloomberg News spoke to officials at five large Indian lenders who said they're assessing the financial ramifications of the punitive levies on their clients, especially those in the export-dependent textile, gem and jewelery sectors. They all spoke on the condition of anonymity, as the information is not public.
The Verge
10 minutes ago
- The Verge
AOL is finally shutting down dial-up
AOL dial-up is ending on September 30th according to a statement posted on the company's website. It marks the end of the service that was synonymous with the internet for many since its launch some 34 years ago. 'AOL routinely evaluates its products and services and has decided to discontinue Dial-up Internet,' reads the statement by the Yahoo-owned company. 'This service will no longer be available in AOL plans. As a result, on September 30, 2025 this service and the associated software, the AOL Dialer software and AOL Shield browser, which are optimized for older operating systems and dial-up internet connections, will be discontinued.' You might be surprised that the service was still operating. I'm not. At last count, a 2019 US census estimated that 265,000 people in the United States were still using dial-up internet, just a few years after I wrote this: As a septuagenarian, my father's story was typical of long-time AOL dial-up subscribers. His subscription was a security blanket. He was sure he didn't need the dial-up component, but he didn't want to risk losing access to his stock portfolio, investor forums, and email. His setup worked, and he could afford to keep paying the subscription he had dutifully paid for over a decade. With my help, we were able to migrate everything he used on AOL to the ad-supported and open internet that was already being delivered into his house via the broadband component of his cable package. Even after things were fully mirrored, he still felt trepidation when the time came to pick up the phone and terminate his dial-up account (despite AOL's best attempt to obscure and complicate the procedure). Months later he told me he felt silly for letting the ruse go on for so long. Reading that now and I'm struck to think that the end of AOL dial-up arrives at the same time as Google Zero and the end of the ad-supported from this author will be added to your daily email digest and your homepage feed. See All by Thomas Ricker Posts from this topic will be added to your daily email digest and your homepage feed. See All Culture Posts from this topic will be added to your daily email digest and your homepage feed. See All Entertainment Posts from this topic will be added to your daily email digest and your homepage feed. See All Internet Culture Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
