Reported August 13, 'Feds probe 'mention markets' amid White House Kalshi controversy' - NPR Exclusive

Coinbase Slides as Hot Jobs Report Dents 10% Rally

Coinbase fell as hot jobs revived Fed hike bets and pushed Bitcoin below $80,000, while higher rates could help stablecoin revenue.

1 Popular Cryptocurrency ARK Invest Expects to Surge by 1,480%

Cathie Wood of ARK Invest predicts Bitcoin could surge nearly 1,480% to $1.25 million within five years, driven by institutional adoption, monetary policy concerns, and younger investor preference for crypto over gold. However, the article cautions that Bitcoin faces headwinds from gold's stronger performance, competition from stablecoins, and its lack of established safe-haven status, suggesting investors should carefully evaluate Bitcoin's strengths and weaknesses before investing.

SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today

A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.

Shares of crypto-related companies are trading lower amid a decline in Bitcoin prices following August's hotter-than-expected payrolls report, which boosted expectations for a potential Federal Reserve rate hike at its next meeting. A stronger U.S. dollar and higher interest-rate expectations are further weighing on crypto and other risk assets by reducing investor appetite for speculative investments.

Robinhood Prediction Markets Face Supreme Court Test as New Jersey Takes On Kalshi

Robinhood made $156M from event contracts in Q2 as traders see a 52% chance the Supreme Court takes up the sports-contract fight.

CrowdStrike To Rally Over 15%? Here Are 10 Top Analyst Forecasts For Thursday

Analysts revised price targets for Ultragenyx, UiPath, Netskope, Snowflake, Magnite, Broadcom, CrowdStrike and Moderna; ratings largely maintained.