Crypto News
Mag 7 Plans to ‘FOMO’ Into $650B Tech Investment Despite Trump’s U.S. Manufacturing Push
While President Donald Trump's tariff war aims to spark a manufacturing boom at home, corporate America's spending focus remains firmly on "bits" rather than "bricks and mortar."This contrast is evident in the spending patterns of the Magnificent 7 (Mag 7) stocks – a group comprising large-cap tech companies, including Alphabet (parent company of Google), Amazon, Apple, Meta Platforms (parent company of Facebook and Instagram), Microsoft, Nvidia, and Tesla.These firms are expected to cumulatively spend an astonishing $650 billion this year on capital expenditure (capex) and research and development (R&D), according to data tracked by Lloyds Bank. That amount is larger than what the U.K. government spends on public investments in a year, the bank noted in a Thursday note.If that...
XRP Price Watch: Is This a Local Bottom or a Bull Trap?
XRP traded at $2.85 to $2.88 per coin over the last hour on August 3, 2025, marking a 2.2% decline over the past 24 hours. The cryptocurrency’s market capitalization stood at $170.83 billion, with a 24-hour trading volume of $7.48 billion and an intraday price range of $2.75 to $2.94. XRP The 1-hour chart forSource link
Professor Coin: What Gives Bitcoin Its Value?
Bitcoin has soared to well over $100,000—we explore the latest academic research explaining what gives Bitcoin its value.Source link
Bitcoin Price Watch: Daily Trend Slips, But Hourly Signals Recovery
Bitcoin is trading at $113,924 to $114,016 over the past hour as of Aug. 3, 2025, with a market capitalization of $2.26 trillion and a 24-hour trading volume of $32.42 billion. The cryptocurrency has seen an intraday range of $112,113 to $113,981, underscoring ongoing volatility and cautious sentiment among traders. Bitcoin From the daily chart,Source link
Ripple: Banks Have Invested Over $100 Billion in Blockchain Infrastructure Since 2020
Traditional banks have invested more than $100 billion in blockchain since 2020, according to a recent Ripple-backed report claiming digital assets are going mainstream.That figure comes from “Banking on Digital Assets,” a joint study by Ripple, CB Insights and the UK Centre for Blockchain Technologies (UK CBT), which analyzed more than 10,000 blockchain deals and surveyed over 1,800 global finance leaders. According to the findings, major banks are ramping up investments in custody, tokenization, and payment infrastructure — despite regulatory uncertainty and market volatility.The report estimates that more than $100 billion has been invested in blockchain and digital asset initiatives globally between 2020 and 2024. It also found that 90% of surveyed finance leaders believe these technologies will have a...