Author: MNK News
Bitcoin has shed about $3,500 in value over recent days, slipping from above $70,000 earlier in March to around $66,500, as short-term holders take their exits. On one particularly turbulent day, about 22,000 BTC were moved to exchanges in a single session. Yet, the Bitcoin price is still holding above support and hasn’t broken below the $60,000 range. A different dynamic is quietly taking shape, one that raises a more important question than the selloff itself: who is actually absorbing all the Bitcoin being sold? ETF Demand Is Quietly Absorbing Market Supply Short-term holders, those who acquired Bitcoin relatively recently…
DoorDash’s autonomous delivery plans will get an assist from the Rivian spinoff Also. On Tuesday, the companies announced a strategic partnership in which the delivery company will invest in Also. They intend to “develop and accelerate deployment of autonomous delivery at scale.”The companies didn’t specify which micromobility vehicles will be used. Also, which Rivian spun off as a separate company in 2025, is currently focused on models that combine pedals and motorized assist.Also’s first commercial product is the $3,500 TM-B e-bike with a virtual drivetrain. Seemingly more tailored to DoorDash’s needs is the TM-Q. This four-wheeled EV is designed to…
A new nationwide survey by Quinnipiac reveals that a majority of Americans are now using AI tools even as their concerns about the technology’s impact on employment and their skepticism toward AI-generated information have reached unprecedented levels. A Quinnipiac poll has revealed that that AI adoption has accelerated dramatically across the United States over the past year, with more than half of Americans now reporting they have used AI tools for various purposes. The survey of 1,397 U.S. adults found that 51 percent of Americans have used AI tools such as ChatGPT, Claude, and Gemini to research topics of interest, marking…
Crunch members within the CR Fitness franchise system can compete in the Conquer Challenge from April to June. The franchisee is anticipating hundreds of participants amid a spike in demand for in-person fitness competitions The fitness-competition craze isn’t showing any signs of slowing down, as more brands launch their own events to promote community and push people to their limits. Crunch Fitness is one of the biggest names to get in on the craze, but its event won’t just take place over one day or weekend. Crunch’s biggest franchise operator, CR Fitness, is testing its members with a three-month Conquer…
WASHINGTON (AP) — The Supreme Court on Tuesday ruled against a law banning “conversion therapy” for LGBTQ+ kids in Colorado, one of about two dozen states that ban the discredited practice. An 8-1 high court majority sided with a Christian counselor who argues the law banning talk therapy violates the First Amendment. The justices agreed that the law raises free speech concerns and sent it back to a lower court to decide if it meets a legal standard that few laws pass. Justice Neil Gorsuch, writing for the court, said the law “censors speech based on viewpoint.” The First Amendment,…
The Roblox-like VR title Rec Room is shutting down after operating for a decade. The free-to-play social game is closing its doors because the developers “never quite figured out” how to make it profitable, despite attracting 150 million players.”We spent a long time trying to find a way to make the numbers work,” the team wrote in a blog post. “But with the recent shift in the VR market, along with broader headwinds in gaming, the path to profitability has gotten tough enough that we’ve made the difficult decision to shut things down.”The shut down officially happens on June 1,…
Bitmine Immersion TechnologiesToday’s Change(8.06%) $1.48Current Price$19.77Key Data PointsMarket Cap$8.3BDay’s Range$18.37 – $19.9852wk Range$3.20 – $161.00Volume3MAvg Vol45MGross Margin93.80%Dividend Yield0.05%Bitmine Immersion Technologies (BMNR +8.06%), a digital asset mining and Ethereum (ETH +3.09%) treasury company, closed Tuesday at $19.78, rising 8.09%. The stock moved higher following last week’s staking platform launch and today’s wider market rally. Trading volume reached 70.1 million shares, about 54% above its three-month average of 45.6 million shares. Bitmine Immersion Technologies IPO’d last year and has grown 172% since going public.How the markets moved todayThe S&P 500 (^GSPC +2.91%) advanced 2.91% to finish Tuesday at 6,529, while the Nasdaq…
The deal, announced earlier this year, sees EGYM become a subsidiary of Playlist, joining platforms including ClassPass and Mindbody Two months after announcing a blockbuster combination, Playlist and EGYM have officially completed their merger, cementing one of the biggest deals in fitness and wellness. The companies said Tuesday that the transaction has closed, bringing together software platforms, connected equipment and corporate wellness under a single umbrella in a deal valuing the combined business at $7.5 billion. The merger includes $785 million in new equity funding led by Affinity Partners, with participation from Vista Equity Partners, Temasek and L Catterton. With…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
Bitcoin’s price is still in range rather than in a full risk‑off spill after a post‑expiry sell‑off, a string of red monthly closes, and geopolitical tensions. Bitcoin Remains Rangebound March 30th QCP Market Colour reports that Bitcoin briefly slipped to around $65k during thin Asian trading (low‑liquidity window where smaller orders can push price around disproportionately). It then snapped back into its usual weekend band between $66k and $67k. Throughout the month, this has been a recurring pattern: price softens into the weekend as traders cut risk, then grinds higher again as the new week begins. Bitcoin will likely stay…