Iris Ramaya Au, ex-girlfriend of crypto figure Adam Iza, pleaded guilty to tax fraud for failing to report $2.6 million from Iza’s criminal activities. Iza, founder of the Zort trading platform, faces a potential 35-year sentence for multiple charges, including wire fraud and tax evasion, with sentencing scheduled for June 16.
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CoreWeave to Acquire Weights and Biases in Major AI Deal
CoreWeave plans to acquire AI developer platform Weights & Biases for $1.7 billion, merging its high-performance computing infrastructure with the platform’s tools used by over a million AI engineers. As CoreWeave prepares for its IPO, concerns arise over its financial health, including a $863.4 million net loss in 2024, and potential regulatory challenges due to its ties with NVIDIA. Despite these hurdles, Weights & Biases CEO Lukas Biewald expresses optimism about the merger’s potential for innovation.
read moreEx-girlfriend of crypto fraudster pleads guilty to tax charge of 2.6 million
Iris Ramaya Au, the ex-girlfriend of crypto fraudster Adam Iza, has pleaded guilty to a federal tax charge for failing to report over $2.6 million in illicit gains from Iza’s criminal activities. Au admitted to transferring these funds to her personal accounts and faces up to three years in prison, while Iza, who pled guilty to multiple charges, could face up to 35 years, with sentencing set for June 16.
read moreBroadcom’s Growth Potential Amid Market Challenges and Investor Optimism
Broadcom (NASDAQ: AVGO) has seen its shares drop nearly 20% as 2025 progresses, largely due to market turmoil following the DeepSeek shock and ongoing tariff concerns. Despite this, investor Lighting Rock Research anticipates a 20% revenue growth for the company in FY25, driven by its custom silicon and partnerships with major tech firms like Alphabet and Meta. With a Strong Buy consensus rating from Wall Street, Broadcom is well-positioned to benefit from increased CAPEX spending in the AI sector.
read moreStablecoins Emerging as Key Solution for Corporate Cash Flow Management
Jobless claims in the U.S. rose unexpectedly by 22,000 to 242,000, attributed to layoffs from major corporations like Meta and adverse weather conditions. The four-week moving average also increased, indicating ongoing challenges in the job market amid corporate restructuring.In the realm of digital finance, stablecoins are gaining traction as efficient tools for corporate treasury management, with Bank of America signaling a potential pivot towards these assets pending regulatory clarity. As the market evolves, the need for a robust legal framework and compliance measures becomes crucial for broader adoption among banks and businesses.
read moreAptos Price Surges Amid Market Slump for Bitcoin and Ethereum
Aptos (APT) surged over 17% to $6.45 amid renewed interest following Bitwise’s filing for a spot ETF, contrasting with Bitcoin and Ethereum’s significant declines. Bitcoin fell nearly 18% over the past month, trading around $84,325, while Ethereum dropped over 26%, reflecting a broader market slump and investor caution.
read moreNvidia’s Dominance in AI Chips Sparks Investor Optimism for the Decade
Nvidia continues to dominate the generative AI chip market, with investor Louis Navellier asserting it holds a monopoly in the sector. Despite some caution ahead of its earnings report, analysts expect strong performance driven by significant AI infrastructure investments from major companies. Nvidia is currently valued at a lower price-to-earnings ratio compared to peers, yet bullish sentiment remains strong among investors.
read moreNvidia’s Upcoming Earnings Test AI Demand Amid Market Volatility
Nvidia (NVDA) is set to report its fourth-quarter earnings, with expectations of $37.5 billion in revenue, reflecting a 72% growth. Despite recent market volatility and concerns over AI spending, significant investments from tech giants suggest continued demand for Nvidia’s high-end chips. Investors remain eager for strong results, but potential volatility looms if expectations are not met.
read moreUS Stock Futures Rise as S&P 500 Hits Record High
US stock futures rose slightly after the S&P 500 closed at a record high of 6,129.58, marking its first new peak since January 23. This surge occurred amid President Trump’s announcement of new tariffs on automobiles and potential duties on semiconductors and pharmaceuticals. Intel saw its largest five-day gain ever, while Meta’s stock ended its 20-session winning streak. Investors are looking forward to the release of the Federal Reserve’s January meeting minutes and earnings reports from Etsy and Carvana.
read moreS&P 500 Sees Broader Stock Outperformance Amid Market Rally in 2025
In early 2025, nearly half of the S&P 500 companies are outperforming the index, a significant increase from the previous two years. This shift is attributed to a more “micro driven” market, where individual company performance is influenced by specific details rather than broad trends. Despite uncertainties in tariff policy and interest rates, all sectors in the S&P 500 are positive, with Financials, Materials, and Energy leading the way.
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