Anushka Basu

India, Indiana

Crypto Journalist at The Street Crypto

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Articles

President Trump claims, trade deal with China signed

1 day ago | thestreet.com | Anushka Basu |Robert Powell

Trump says U.S. signed trade deal with China, but gives no details during spending bill push. President Donald Trump said on Thursday that the United States had reached a trade-related agreement with China, though he did not provide any details. The crypto markets are starting to pick up momentum. Bitcoin is up 0.2% since the last hour, trading at $107,874, as per Kraken.
Kraken launches Krak App to blend crypto payments and real-time finance

1 day ago | thestreet.com | Anushka Basu |Robert Powell

Kraken debuts the Krak app to blend crypto and finance, enabling global payments and offering up to a 10% reward. Kraken has launched a new all-in-one global money app called Krak, aiming to make managing money faster, cheaper, and more flexible for users worldwide. Announced on June 26 from Cheyenne, Wyoming, the Krak app combines the benefits of crypto with traditional finance.
Only 14% odds of Powell leaving Fed Chair

1 day ago | thestreet.com | Anushka Basu |Robert Powell

Fed Chair Jerome Powell's odds of staying drop as Trump eyes an early Fed switch and the dollar hits a 3-year low. Jerome Powell's future as Federal Reserve Chair is increasingly under question, especially on Kalshi, a crypto prediction platform. However, Kalshi bettors see only a 14% chance that Powell will be removed as Fed Chair by the end of the year, down nine points from the previous levels.
HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple

1 day ago | thestreet.com | Anushka Basu |Robert Powell

HIVE Digital Technologies Ltd. (Nasdaq: HIVE), a prominent crypto mining company, announced total revenue of $115.3 million for fiscal year 2025, which was driven by a solid year of revenue-generating Bitcoin mining and explosive growth in the AI cloud operations. As per the latest financial report, HIVE faced challenges similar to those faced by many others in the industry, related to the April 2024 Bitcoin halving and hash rate difficulty in the mining environment.
Billionaire hedge fund manager Bill Ackman has no-nonsense reply to Zohran Mamdani

1 day ago | thestreet.com | Anushka Basu |Robert Powell

Billionaire hedge fund manager Bill Ackman expressed grave concerns over Zohran Kwame Mamdani's victory in the New York City Democratic mayoral primary, calling it an indicator of "political decay."The son of filmmaker Mira Nair, Mamdani's unorthodox Bollywood-themed election campaign and Queens background have appealed to a substantial number of voters.
Wall Street's GENIUS Act could spell trouble for the largest stablecoin issuer

1 day ago | thestreet.com | Anushka Basu |Robert Powell

GENIUS Act targets Tether's opaque reserves, pushing the $156 billion giant to comply or exit the U.S. market. The GENIUS Act, a bill regulating stablecoins that passed the U.S. Senate last week, poses a significant threat to Tether, the world's largest stablecoin issuer, with a total circulation of $156 billion.
Trump nominated for Nobel peace prize for nuclear war prevention

3 days ago | thestreet.com | Anushka Basu |Robert Powell

Rep. Buddy Carter nominates Trump for the Nobel Peace Prize over the Israel-Iran ceasefire deal. Rep.
Federal Reserve is not 'overreacting' to Iran-Israel conflict, says Powell

3 days ago | thestreet.com | Anushka Basu |Robert Powell

Federal Reserve Chair Jerome Powell maintained a careful stance on interest rate reductions before Congress on June 24. Powell persuaded many Fed officials to expect to begin cutting interest rates by the end of this year. Still, the inflation trajectory is heading upward, not downward, so we want to "wait and see" and ensure we're behaving cautiously. Powell reiterated that we are not overreacting to geopolitical tensions but just deciding to pause to assess the continuously changing data.
US stocks aren’t safe in heated global tensions anymore

4 days ago | thestreet.com | Anushka Basu |Robert Powell

Bitcoin's long-held belief as a major volatile asset has been challenged amid the Iran-Israel conflict. On June 21, the United States carried out a strike on Iran, where it bombed three of its main nuclear facilities — Fordo, Natanz, and Isfahan. While Bitcoin briefly fell from $103,000 to $100,000, it never dropped below the $100,000 mark, unlike in previous cycles.
Wall Street eyes 'BNB MicroStrategy' amid $100M bet

4 days ago | thestreet.com | Anushka Basu |Robert Powell

Changpeng Zhao, popularly known as 'CZ' and the co-founder of Binance has noted a growing trend of corporations accumulating BNB tokens, likening it to MicroStrategy's well-known purchasing habits with Bitcoin. On June 23, Zhao posted on X, "BNB 'microstrategy' coming to a company near you!"The comment appears to refer to hedge fund executives, indicating that some companies around the world are starting to accumulate Binance Coin (BNB) on their balance sheets.