Reporter: Trump made $1 billion in crypto in 9 months
Reporter: Trump made $1 billion in crypto in 9 months
CNN's Erin Burnett talks with Forbes Magazine's Dan Alexander about President Donald Trump's stunning ownership of billions of dollars worth of crypto.
02:19 - Source: CNN
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Reporter: Trump made $1 billion in crypto in 9 months
CNN's Erin Burnett talks with Forbes Magazine's Dan Alexander about President Donald Trump's stunning ownership of billions of dollars worth of crypto.
02:19 - Source: CNN
Fans wait for hours to buy Nintendo Switch 2
Eager gaming fans lined up for hours to buy the Nintendo Switch 2 after it hit shelves around the world on June 5. It's Nintendo's first major console launch since the original Switch arrived roughly eight years ago.
00:25 - Source: CNN
Greta Thunberg sails to Gaza
Greta Thunberg has set sail with eleven other activists to Gaza. The activist group they're part of, The Freedom Flotilla Coalition, is attempting to bring aid and raise international awareness over the ongoing humanitarian crisis in the territory.
00:59 - Source: CNN
Judge threatens to remove 'Diddy' from his own trial
US District Judge Arun Subramanian warned the defense team for Sean 'Diddy' Combs that he will be removed from the New York City court room where he is on trial facing charges that include racketeering, sex trafficking and transportation to engage in prostitution.
01:18 - Source: CNN
'Good Night, and Good Luck's' scenic designer discusses how he created George Clooney's Broadway newsroom
Scenic Designer Scott Pask recreated the CBS newsroom and Edward R. Murrow's set for "Good Night, and Good Luck," the play that brings the 1950s McCarthy-era drama to life. Pask tells CNN why architectural accuracy is important for a play that's about 'speaking truth to power.' Tune in to CNN on Saturday, June 7 at 7pm to watch the play broadcast live from Broadway's Winter Garden Theatre.
02:13 - Source: CNN
Police shut down All-American Rejects backyard gig in college town
The All-American Rejects played a backyard gig in Columbia, Missouri, as part of their House Party Tour protesting against expensive arena shows. Police eventually shut it down, but not before letting the band play one final song.
01:05 - Source: CNN
Bringing 1950s style to Broadway
Costume Designer Brenda Abbandandolo mixed vintage, thrifted clothing with precise recreations of 1950s style to bring the Broadway play Good Night, and Good Luck to life. She tells CNN how she approached dressing George Clooney and Ilana Glazer with historic authenticity. Tune in to CNN on Saturday, June 7 at 7pm to watch the play broadcast live from Broadway's Winter Garden Theatre.
01:53 - Source: CNN
Cassie Ventura's friend testifies Diddy held her over a balcony
Bryana Bongolan, a friend of Cassie Ventura who goes by Bana, testified today about an incident with Sean 'Diddy' Combs in 2016 when she said that she was 'held over a 17-story balcony' by the music mogul. CNN's Elizabeth Wagmeister reports.
01:48 - Source: CNN
Trans high school athlete wins events amid controversy
A transgender athlete, whose participation sparked a national controversy and a temporary rule change, took first place in two of her three events in the California High School Track and Field Championship.
01:09 - Source: CNN
How fish skin saved this child's life
Eliana DeVos received a dressing made with fish skin to help her recover from a serious bacterial infection that left an open wound on her neck. CNN's Jacqueline Howard spoke with Eliana's mom and her health team at Driscoll Children's Hospital about the healing process.
02:30 - Source: CNN
Millions of bees buzz around Washington state roads after truck overturns
Millions of bees escape after a truck carrying honeybee hives overturned in Whatcom County, Washington, and rolled into a ditch. Local beekeepers were called to the scene.
00:42 - Source: CNN
Taylor Swift buys back her entire music catalogue
Roughly six years after Taylor Swift protested the sale of her master recordings by her former record label, she now owns her entire catalog of music. Swift announced the news in a letter posted to her website.
01:28 - Source: CNN
108-year-old submarine wreck seen in new footage
Researchers from the Woods Hole Oceanographic Institution captured close-up images of a WWI-era submarine lost at sea 108 years ago.
00:40 - Source: CNN
Car flies off the road, crashes into a roof
Video shows a car fly off the road and into a veterans hall in Missouri, police say as a result of speeding. This is the second time in three months a car crashed into the same building. The veterans hall will be closed for months for a second time after the latest crash, according to CNN affiliate KCTV.
00:38 - Source: CNN
'The Handmaid's Tale' star reacts to parting scene with June
O-T Fagbenle reflects on wrapping "The Handmaid's Tale," Luke's evolution, and the emotional final scene with June as the series ends after six seasons.
02:04 - Source: CNN
Elephant seal in Cape Town wanders into suburbia, stops traffic and wins the hearts of locals
A Southern elephant seal makes a surprise visit to the residential neighborhood of Gordon's Bay in Cape Town, South Africa, and triggers an almost nine-hour rescue effort to return him to the coast.
00:57 - Source: CNN
Why e.l.f. just bought Hailey Bieber's beauty brand for $1 billion
e.l.f. Beauty is buying Hailey Bieber's makeup brand, Rhode, for $1 billion. Founded in 2022, Bieber's brand racked up $212 million in net sales in its last fiscal year.
01:11 - Source: CNN
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Forbes
13 minutes ago
- Forbes
How Stablecoins Are Changing Global Finance
Stable Coin. Stablecoins Cryptocurrencies Stable Market Price Value Coin Currency. The U.S. Senate has taken a major step toward regulating stablecoins by advancing the GENIUS Act—a bill that could reshape the digital finance landscape. Still under discussion, the legislation proposes strict reserve and transparency rules for issuers and signals growing government interest in crypto oversight. Stablecoins are crypto tokens that are typically pegged to the U.S. dollar. They allow users to transact within blockchain ecosystems without the volatility of traditional cryptocurrencies. Today, two clear leaders dominate the market. Yet, while Washington begins drafting policy, stablecoins have already found product-market fit in places far beyond Capitol Hill. The global use of stablecoins is growing steadily, regardless of whether the market is in a bull or bear phase. In Latin America, sub-Saharan Africa, and among crypto-native startups, they've quietly emerged as a preferred tool for payments, payroll, and preserving value in unstable economies. So what does this bottom-up adoption mean for the future of global finance? Are stablecoins here to stay, or will they be replaced by Central Bank Digital Currencies? And if they are here to stay, how to ride this trend? According to DefiLlama, the current market capitalization of stablecoins is around $250 billion, which is still a small share of the global M2 money supply, approximately 1%. In other words, we're still early. To understand where the growth might come from, it's worth examining what stablecoins are used for—and why they've become so popular. Stablecoins market capitalization. The first is USDT (Tether), the largest stablecoin by market capitalization. Interestingly, Tether has also emerged as one of the most financially efficient companies in the world on a per-employee basis. According to a tweet published by Avichal Garg, co-founder of Electric Capital, the company generated an estimated $85.6 million in profit per employee in 2024: Profit per Employee (USD) vs. Company The second major player is USDC, issued by U.S.-regulated firm Circle. The company went public on June 5, under the ticker CRCL, with its stock surging over 200% on its first day of trading—pushing its market capitalization above $20 billion, according to Barron's. These two companies currently dominate the stablecoin space. Others worth mentioning include: • USDS (formerly DAI), which started as a decentralized stablecoin but has become only partially decentralized due to its large holdings of U.S. Treasuries and USDC. • USD1, a politically charged entrant tied to Donald Trump's network, which has generated some discomfort among Democratic lawmakers. Rep. Maxine Waters (D–Calif.), the ranking member of the House Financial Services Committee, voiced strong objections during a joint hearing on digital assets, stating: 'I object to this joint hearing because of the corruption of the President of the United States and his ownership of crypto and his oversight of all of the agencies.' Stablecoins are enjoying instant product-market fit: everyone needs access to crypto dollars — a version of the U.S. dollar that can be easily converted back to fiat, yet offers several advantages over traditional USD. While much of the attention on stablecoins focuses on regulation and market cap, their real momentum comes from how they're being used: The most obvious example of stablecoin usage is international payments. Sending U.S. dollars across borders with the traditional banking system typically involves SWIFT. Banks charge between $5 and $50 per transaction, often around $20, regardless of the transfer amount. That means sending $1,000 could cost users up to 2–5% in fees. In addition, the SWIFT transfers can take several business days to settle. Compared to transferring the same amount via stablecoins, even in the worst case, fees might only be a few dollars, and the transaction typically settles within minutes. That's at least 10 times cheaper and potentially 100 times faster. There's also another major benefit: users avoid capital controls, currency conversion hurdles, and heavy compliance bottlenecks, particularly relevant when sending money from or to countries with restrictive financial systems. The second use case — using stablecoins as a means of payment — is less advanced, largely due to regulatory inertia. Governments generally want citizens to transact in their local currencies, and stablecoins challenge that sovereignty. The lack of clarity discourages businesses from accepting them, especially given the lingering memory of Operation Choke Point, when certain industries were unofficially cut off from banking services. Despite the current U.S. administration's relatively crypto-friendly stance, the stablecoin bill GENIUS Act has yet to pass through Congress. This uncertainty keeps most merchants and payment providers on the sidelines. Once clear legislation is enacted, trust in stablecoins like USDT and USDC will likely surge. As for CBDCs, a concept that is often met with skepticism in the cryptocurrency community, the need for a government-backed digital dollar seems increasingly unnecessary. According to U.S. Treasury International Capital data, Tether's treasury holdings alone rival those of sovereign investors like Germany or Saudi Arabia. Meanwhile, Circle's portfolio is comparable to that of Thailand or Sweden. With such significant exposure to U.S. debt and growing political opposition to CBDCs—including campaign promises from Donald Trump to block their development—stablecoins may have already secured their place as the preferred digital dollar infrastructure in the United States. The third major use case—decentralized finance —is where stablecoins are already thriving. They serve as the foundational currency for DeFi applications, enabling lending, borrowing, swapping, yield farming, and more—all without centralized intermediaries. The functionality mirrors traditional finance but with key advantages: it's global, permissionless, and often more efficient. According to Dune Analytics data in the DeFi Report 2024–2025 , approximately 151 million wallet addresses interacted with DeFi protocols in 2024. While this figure likely includes duplicates, it provides a useful upper bound for estimating user activity. By comparison, World Bank data from 2021 shows that 4.6 to 4.9 billion people used traditional banking services globally. This also underscores the early stage of adoption of DeFi. But, once frameworks are established, DeFi usage could accelerate rapidly. Following these three cases, it's fair to say that stablecoins are here to stay. And this may only be the beginning: as crypto infrastructure intersects with artificial intelligence, stablecoins could enable AI agents to transact autonomously, unlocking programmable, real-time finance. So, how can investors position themselves to benefit from this trend? There are many ways, some of them look obvious, like buying CRCL as it has become a public company, or investing in Coinbase stocks (COIN), a company which is steadily growing its own layer two DeFi ecosystem. Some are more complicated, like finding companies to invest in that adopt stablecoins in their operations — for payments, payroll, or international transfers — and which are likely to scale faster than their peers, thanks to lower costs and global reach. Check Stripe, PayPal, and Deel as examples. On the decentralized side, assuming a favorable regulatory framework materializes, in a next way of adoption, DeFi applications could rapidly pull users away from traditional banks. In that case, there is significant upside in owning tokens or equity in platforms like Uniswap, Aave, or even Hyperliquid — all of which are well-positioned to become foundational players in the next generation of financial infrastructure. Derivative DEX trading volumes. But don't forget the risks to watch. Transformation won't come without resistance. The banking lobby remains one of the most powerful political forces in the world, and it's unlikely to welcome a shift toward 'magic internet money' without a fight. Regulatory headwinds, political gridlock, and coordinated opposition from legacy institutions are all real risks investors should keep in mind. But we know that fortune, at least in markets driven by emerging technologies, often favors the brave.
The Verge
13 minutes ago
- The Verge
Posted Jun 6, 2025 at 4:00 PM EDT
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Yahoo
13 minutes ago
- Yahoo
HubSpot, Inc. (HUBS): A Bull Case Theory
We came across a bullish thesis on HubSpot, Inc. (HUBS) on Compouding Your Wealth's Substack. In this article, we will summarize the bulls' thesis on HUBS. HubSpot, Inc. (HUBS)'s share was trading at $578.25 as of 29th May. HUBS's forward P/E was 61.73 according to Yahoo Finance. A person using a laptop with a blue background showing the software platform's user inteface. HubSpot reported strong financial results for Q1 2025, with revenue reaching $714.1 million, a 15.7% increase year-over-year and 20.8% quarter-over-quarter growth, surpassing estimates by 2.3%. Subscription revenue, which makes up nearly 98% of total revenue, grew by the same rate, highlighting continued customer demand for its core offerings. While gross margin declined slightly by 0.7 percentage points to 83.9%, and operating margin dropped by 0.9 points to 14%, free cash flow margin improved modestly to 17.1%. Net margin was negative 3.1%, reflecting a 4-point decrease from the prior year, largely influenced by non-GAAP adjustments and timing of certain expenses. Earnings per share of $1.78 exceeded expectations by 1.7%. Key metrics such as deferred revenue and remaining performance obligations showed significant growth, up nearly 20% and 37% respectively, underscoring strong future revenue visibility. Billings rose by 19.6%, though average revenue per customer declined slightly by 3.6%, signaling some pressure on pricing or customer mix. Customer count increased by 19.1% to over 258,000. On the operational side, sales and marketing efficiency improved with S&M expense as a percentage of revenue falling by 1.6 points, while R&D and G&A expenses rose modestly as a share of revenue. The company highlighted its rapid product innovation with over 200 new features released, particularly embedding AI across its platform and expanding enterprise capabilities. AI-powered tools like Customer Agent have driven measurable improvements in sales and support efficiency. HubSpot raised its full-year revenue guidance to approximately $3.04 billion, projecting continued growth fueled by a combination of seat expansion and consumption-based AI monetization, while maintaining a cautious view on macroeconomic uncertainty. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of this bullish thesis on Shopify Inc. (SHOP). HubSpot, Inc. (HUBS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held HUBS at the end of the first quarter which was 73 in the previous quarter. While we acknowledge the potential of HUBS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
