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Davos Is ‘All Trump, All AI,’ Says Bain Capital’s Steve Pagliuca

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“This Davos is all Trump, all AI,” says Steve Pagliuca, private equity senior advisor at Bain Capital and Boston Celtics co-owner. He discusses his sports teams and NBA viewership, the areas he is most focused on in the development of artificial intelligence, the need to unite rules and regulations within the European Union, and his concerns about inflation and rising interest rates. Pagliuca speaks on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland. (Source: Bloomberg)

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Trump Wants to Meet Putin to End War in Ukraine

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President Donald Trump says he hopes to meet Russian President Vladimir Putin to end the war in Ukraine. He speaks to global business leaders in Davos. (Source: Bloomberg)

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Doom: The Dark Ages looks metal as hell and launches in May

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Doom: The Dark Ages looks metal as hell and launches in May

After revealing its next Doom game last summer, id Software is almost ready to release it: the studio announced that Doom: The Dark Ages is launching on May 15th.

The news came as part of Xbox’s most recent Developer Direct livestream, which provided the best look yet at the prequel. As the name implies, The Dark Ages is set in a medieval fantasy realm and takes place long before the events of Doom Eternal and the franchise’s 2016 reboot. The developers say that the new game features a much bigger world with a larger emphasis on story — including plenty of cutscenes — but the most important changes appear to be with how The Dark Ages will play.

A big focus this time around is on melee combat. Since this is a Doom set in medieval times, that means players will get access to brutal new melee weapons like a spiked mace and iron flail. The scale of battles also seems to have ramped up. We already knew that players would get a mount in the form of a cybernetic dragon, but today’s reveal also showed off a skyscraper-sized mech suit so that the Doomslayer can fight enemies the size of kaiju.

Another big change is a greater emphasis on accessibility through a series of gameplay sliders. These let you adjust things like the game speed or parry timing, either ramping them up or down. Essentially, these options should give players the ability to really customize the experience, either making it more approachable or a whole lot harder. There are standard difficulty options as well.

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Doom: The Dark Ages is coming to the PS5, Xbox, and PC when it launches in May.

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Trump backs US leadership in crypto at Davos, Lummis chairs new Senate crypto panel

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Blockchain Association hosts Policy Summit, calls for crypto regulation and national security

President Donald Trump emphasized U.S. leadership in cryptocurrency and artificial intelligence as Senator Cynthia Lummis was sworn in as chair of the Senate’s new digital assets subcommittee.

During the 2025 World Economic Forum in Davos, President Donald Trump said in a virtual speech the United States would lead in artificial intelligence and cryptocurrency. In his address, Trump emphasized the need for the U.S. to dominate emerging technologies, including blockchain and crypto.

President Trump told the WEF that he wants America to be “the world capital of AI and crypto.”

He also urged lower interest rates and called for a $1 trillion Saudi investment to bolster economic cooperation, signaling his administration’s focus on innovation and global partnerships.

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Lummis sworn in

Meanwhile, on Capitol Hill, Senator Cynthia Lummis was sworn in as the first chair of the Senate Banking Subcommittee on Digital Assets, a historic move reflecting the growing importance of cryptocurrencies in U.S. financial policy. 

Lummis, a vocal advocate for Bitcoin (BTC) and blockchain technology, pledged to advance bipartisan legislation that establishes a comprehensive regulatory framework for digital assets.

In her statement, Lummis highlighted the potential for digital assets to secure America’s financial future, calling for a strategic Bitcoin reserve to strengthen the U.S. dollar. 

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The new subcommittee will focus on passing legislation promoting responsible crypto innovation while protecting consumers and ensuring regulatory agencies comply with the law. 

The initiative aligns with Trump’s vision of positioning the U.S. at the forefront of digital asset adoption on the global stage.

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As the H-1B visa debate tears MAGA apart, Indian-Americans are shaping America’s future

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Indian-Americans are not just participants in America’s story—they are at its forefront. Read More

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X sees a jump in consumer spending on mobile, despite decline in daily active users

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X jacks up Premium+ prices 37.5%, hits some markets harder

Social network X has grown its in-app revenue over the past year, despite a decline in active users, new data shows. Global consumer spending in the X mobile app across both iOS and Android has climbed by 76.3% year-over-year, when comparing two similar periods in January, according to data from app intelligence firm Appfigures. However, other data indicates X’s daily active users have declined, as usage of rivals like Bluesky and Threads has increased.

In an analysis performed by Appfigures, X’s global consumer spending on iOS and Android reached $7.6 million for the period of January 1-20, 2024. During the same time in January 2025, X saw $13.4 million in consumer spending, the firm said. This figure includes in-app purchases made through X’s mobile apps — not revenue from advertising or subscriptions bought on the web, where X users receive a discount on their purchases.

Image Credits:Appfigures

In other words, this is not a number that represents X’s total revenue. X continues to be a largely advertising-driven business, so this is only a window into consumer spending trends.

The addition of xAI’s Grok AI chatbot to X’s app may be helping to fuel the increase in consumer spending, at least in part. There were obvious spikes in net revenue shortly after X began testing a free version of Grok in X in November. This was just ahead of X’s addition of a faster model and a new Grok button to the X app in mid-December 2024 and the launch of a new image generation model on December 9.

X also added an NFL portal in late November to increase sports engagement on its app. This could have boosted X adoption given that sports is one of the most-discussed topics on X.

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In the U.S., X saw 61.4% growth in year-over-year consumer spending on iOS and Android, growing from $4.4 million from January 1-20, 2024, to $7.1 million during the same period in 2025.

Image Credits:Appfigures

While global mobile consumer spending is up year-over-year, the monthly totals haven’t always been on a steady climb. In some months, the spending dropped, and in other months it climbed. During 2025, the lowest month was February, with spending of $9.6 million across iOS and Android. December saw the highest total with $25.6 million, after increases that started in October leading up to the U.S. elections.

ScreenshotImage Credits:Appfigures

The top in-app purchases on the X iOS app in January 2025 are as follows: at No. 1 is the X Premium Monthly subscription ($11/mo.), followed by the X Premium Plus Monthly subscription ($30/mo.), X Premium Basic Monthly ($4/mo.), a subscription to Elon Musk’s account directly ($4/mo.), and X Premium’s Annual Subscription ($114.99/yr.).

ScreenshotImage Credits:Appfigures

Despite the jump in consumer spending towards year-end, further data suggests that X may be losing active users.

Both X’s U.S. and worldwide daily active users decreased in January 2025, with each figure down by roughly 13% compared with the same time last year, according to estimates from app intelligence provider Sensor Tower, shared in response to a data request from TechCrunch. Year-over-year growth in monthly active users on X has also dipped slightly, Sensor Tower found.

The firm’s principal market insights manager, Jonathan Briskma, told TechCrunch that X had more than 313 million worldwide mobile app MAUs (monthly active users) in the fourth quarter of 2024 and more than 300 million worldwide mobile app MAUs through January 2025 month-to-date.

As X’s active usage dipped when comparing the same period in January 2024 with January 2025, daily active users on competing apps Instagram Threads and Bluesky jumped up more than 170% and 495%, respectively. This growth has been driven by a number of factors, including international expansions and the addition of several new features and functionality across both platforms.

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We asked X if it could share its own internal MAUs figure, but the company did not respond.

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Meme Coin Momentum Fades After Trump Inauguration but Wall Street Pepe ICO Continues to Pump

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Meme Coin Momentum Fades After Trump Inauguration but Wall Street Pepe ICO Continues to Pump

The meme coin hype is cooling after Donald Trump’s inauguration celebrations.

Over the past 24 hours, big names like DOGE, PEPE, and SHIB have taken a nosedive.

But while most meme coins are selling off, one project continues to impress – Wall Street Pepe (WEPE).

Its ICO has passed $57 million in early contributions, setting the stage for a highly-anticipated exchange debut in just over three weeks.

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Meme Coin Market Sees Major Correction as Trading Volumes Plummet

Nearly every major meme coin is in the red right now.

What started as minor profit-taking has snowballed into a broader sell-off, dragging the meme coin sector’s market cap back to $102 billion.

Meanwhile, trading volumes have dropped by more than 50% since yesterday.

Tokens that were rallying earlier in the week are now feeling the heat.

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SHIB is down 2%, DOGE has dropped 4%, and TRUMP coin – last weekend’s breakout star – has plunged 14%.

But the biggest loser is AI16Z, down 25% in the past 24 hours.

The only real standout was PENGU – managing to post a small gain.

This kind of pattern is nothing new in the meme coin space, where sharp corrections often follow massive rallies.

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Still, not everyone is spooked by the price action.

Well-known meme coin trader Murad called the sell-off an “opportunity of a lifetime” for those willing to stomach the volatility.

Crypto Market Sells Off While Bitcoin ETF Inflows Drop

The broader crypto market is also showing some cracks.

Bitcoin has slipped to $101,800, Ethereum is down to $3,200, and XRP has dropped to $3.

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LINK took the biggest hit among the top altcoins, falling 6% since yesterday.

Things are clearly cooling off – and total spot trading volumes have slumped 16%, with open interest also dropping.

At the same time, demand for the spot Bitcoin ETFs is fading slightly.

Total inflows dropped 69% yesterday to $248 million, and BlackRock’s IBIT fund was the only one to see meaningful gains.

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GBTC led the way in terms of outflows with $47 million.

Some analysts believe this is a “sell the news” moment, claiming Trump’s inauguration buzz was already priced into the market.

The optimism around this colossal event may have already run its course.

However, things change fast in crypto – so even though the market is red today, it could quickly flip green tomorrow.

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Wall Street Pepe ICO Passes $57M Despite Market Downturn – Next Big Meme Coin Opportunity?

Wall Street Pepe’s ICO is defying all this bearishness.

The project has now raised over $57 million, and more than $1 million is coming in daily – even as the broader market sells off.

With the ICO running until February 16, Wall Street Pepe’s momentum does not show signs of stopping.

So, why all the hype?

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For starters, the project has positioned itself as an aid for retail traders, targeting the dominance of crypto whales in the meme coin space.

That approach is hitting home, as evidenced by Wall Street Pepe’s Telegram channel reaching 17,300 subscribers.

The project’s Twitter following has also exploded recently.

Wall Street Pepe’s team will give WEPE holders access to market insights, trading tools, and real-time signals.

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They’ll also host trading competitions where the winners receive WEPE prizes.

And if that wasn’t enough, there’s even a built-in staking app for WEPE, offering higher yields than most crypto staking coins.

Big-name YouTubers have praised the project’s setup.

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For example, NASS CRYPTO released a video about Wall Street Pepe last month, which has been viewed over 86,000 times.

Given that he has more than one million YouTube subscribers, his endorsement has given the project a massive boost.

So, with 24 days left in its ICO, things are looking positive for Wall Street Pepe.

Despite the ongoing meme coin sell-off, WEPE seems to be holding up quite well.

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Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Store closures rise, led by Party City, Big Lots, Walgreens

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Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. 

Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty Images

Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry winners, according to an analysis by Coresight Research.

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Major retailers, including Party City and Macy’s, closed 7,325 stores in 2024, according to the retail advisory group’s data. That’s the sharpest jump since retailers in the U.S. shuttered almost 10,000 stores in 2020, the year when the Covid pandemic began.

So far this year, closures continue to climb. Retailers have already announced 1,925 store closures so far in 2025 — and that was only as of Jan. 10. The five retailers that have announced the most closures this year are Party City, Big Lots, Walgreens Boots Alliance, 7-Eleven and Macy’s, respectively.

The retail advisory firm projects that retailers will close about 15,000 stores this year as some legacy brands shrink and file for bankruptcy protection, or liquidating companies shutter locations.

The striking numbers reflect the stark divide between retailers that are gaining market share and those that have lost ground. Amazon, Costco and Walmart have gotten bigger as shoppers seek value and convenience. On the other hand, some smaller chains and specialty retailers have struggled to keep doors open or been forced to downsize.

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A spike in bankruptcies contributed to the high number of closures in 2024. According to Coresight’s data, there were 51 retail bankruptcies in 2024, up from 25 in 2023. Some of those, such as Party City, have most of their closures taking place in 2025.

Consumer spending has stayed strong — but a larger share of the dollars has gone to fewer retailers. Holiday sales increased 4% year over year to $994.1 billion for Nov. 1 through Dec. 31, according to the National Retail Federation, the industry’s major trade group. That total excludes auto dealers, gas stations and restaurants.

That’s about in line with pre-pandemic holiday spending, which rose an an average of 3.6% from 2010 to 2019.

Specialty retailers in particular have struggled: In December, discount chain Big Lots said it would close all of its stores after the company’s sale fell through, days before The Container Store filed for bankruptcy protection. Fabrics and craft retailer Joann filed for bankruptcy protection earlier this month for the second time in a year.

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But it wasn’t just specialty stores. Last year, the highest number of closures came from Dollar Tree-owned Family Dollar, CVS Health, Conn’s, rue21 and Big Lots, respectively. Conn’s, a home goods and furniture retailer, and rue21, a teen apparel retailer, closed all stores after the parent company filed for bankruptcy protection in 2024.

John Mercer, Coresight’s head of global research, said competitive threats, not a decline in demand, is to blame.

“Demand may be strong among consumers, but where is some of that increased demand going? Where is it being channeled to?” he said.

He said the retailers that are shuttering stores tend to fall in three categories: They are closing all locations as part of a liquidation, such as Big Lots; shutting down many of their stores after a Chapter 11 bankruptcy filing, such as The Container Store; or trimming back their footprint as they adapt to fast-changing consumer preferences, such as drugstores Walgreens and CVS and legacy department store Macy’s.

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Macy’s, for example, is in the middle of closing about 150 of its namesake stores across the country by early 2027. The department store operator has been shuttering roughly 50 of those per year, since it made the announcement in early 2024. It is opening a limited number of shops that are smaller, off-mall versions of its namesake stores and new locations of its better-performing brands, Bloomingdale’s and beauty chain Bluemercury.

Some newcomers are chipping away at legacy retailers’ sales, Mercer said. Coresight estimates that Chinese e-commerce companies Shein and Temu pulled in a combined roughly $100 billion in sales last year, with the majority of that coming from outside of the U.S.

For example, more Americans are turning to sites like Temu for party balloons and storage tubs, which may have contributed to the bankruptcy filings of Party City and The Container Store last year, he said.

Even a small percentage drop in sales can be a blow to retailers’ stores, which come with high fixed costs like leases and labor, Mercer said.

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Some unique factors have widened the gap between store openings and closures, according to David Silverman, a retail analyst at Fitch Ratings. When a major mall anchor like Macy’s closes, he said that can lead smaller retailers to exit, as well. As some stores in mall or strip shopping centers shutter, they’re also getting replaced by fitness studios, urgent care clinics or apartments instead of another retail store.

He added that population shifts during the Covid pandemic changed retailers’ store traffic patterns and shook up where they may want to be located.

“Most companies are not adding a significant number of square footage and even the ones that until recently were adding a lot, like the dollar stores, are rethinking their footprints,” he said.

Silverman said he expects more stores will continue to close than open in the U.S., as retailers’ growth comes from online sales and as larger companies take a bigger share of the market. Some of those, such as Walmart, add a lot more volume with one store than specialty retailers get from the dozens of locations they close, he added.

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Investors will soon get an update on which retailers are outperforming and underperforming. Most major retailers will deliver their holiday-quarter results starting in mid-February.

Some retailers, including Kohl’s and Macy’s, announced their own plans for store closures before they shared full quarterly results. Kohl’s said earlier this month that it will close 27 underperforming stores by April, along with shuttering an e-commerce fulfillment center in San Bernardino, Calif. in May.

There’s some hopeful news for the retail industry, however: Store openings also accelerated last year in the U.S. to 5,970 — the highest number since Coresight began tracking store openings and closures in 2012. The firm anticipates that will stay about flat in 2025, with an estimated 5,800 stores opening.

Last year, Dollar General, Dollar Tree, 7-Eleven, Mexican convenience store Oxxo and Five Below tallied the most store openings.

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So far this year, the top five retailers in terms of announced store openings in the U.S. are Aldi, JD Sports, Burlington Stores, Pandora and Barnes & Noble, respectively.

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Dogecoin ETFs Will Skyrocket Price To $15, Forecasts Analyst

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Dogecoin price analysis

Este artículo también está disponible en español.

Following Bitwise’s and Rex Shares’ recent application for spot Dogecoin ETFs in the United States, crypto analyst Ali Martinez has provided a technical outlook suggesting Dogecoin (DOGE) could ascend to $15. His analysis, detailed in a logarithmic chart spanning from 2017 to 2025, captures a massive ascending channel that highlights the potential upward trajectory for DOGE.

Dogecoin Targets $15

Martinez’s chart delineates a long-term ascending channel where Dogecoin’s price action is bounded by a structure consisting of three parallel trendlines. The lowest of these lines has consistently served as a firm support since 2017, aiding the price to stabilize during significant downturns, notably in early 2019 and again in mid-2022. The median line of the channel, which presently hovers around $0.40 to $0.45, has just been tested by DOGE as it recently surged to this level, marking a critical inflection point that was last touched in early 2022.

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The upper boundary of the channel, which is the focus of Martinez’s bullish forecast, is projected to climb well above $10, touching as high as $15 by late 2025. This top trendline is not just a theoretical limit but has proven to be the bull run top twice for the Dogecoin price, once in January 2018 and then in May 2021. At the last all-time high in May 2021, Doge even significantly exceeded the channel.

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Dogecoin price analysis
Dogecoin price analysis – Source: X @ali_charts

Martinez’s prediction highlights the spot Dogecoin ETFs as potential market catalysts. He suggests that the approval and launch of such financial products could channel fresh institutional and retail investment into DOGE, propelling it towards these higher valuations.

In trading terms, the current position of DOGE below the median line is pivotal. This price level has historically acted as a springboard for upward movement when sustained buying pressure is present. Should DOGE maintain its footing above this zone, the pathway to higher resistance levels around $1.00, and potentially the channel’s upper echelon near $15, appears technically feasible.

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Notably, the spot Doge ETFs could hit the market as early as April, according to Bloomberg’s ETF specialist Eric Balchunas. Bitwise officially lodged the application to register a Dogecoin ETF on Wednesday.

The company submitted its proposal, named the “Bitwise Dogecoin ETF,” to the Delaware Division of Corporations, which is part of the U.S. Department of State. Although such registrations can occasionally be misleading, Balchunas confirmed via X: “Bitwise Doge ETF likely coming soon.. and yes I checked and this is def legit (vs some whack job committing forgery for a quick pump a la BlackRock XRP that one time).”

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Registering in Delaware represents an initial step before advancing to a formal ETF submission with the Securities and Exchange Commission (SEC). This registration process sets up the legal structure that would manage the proposed ETF but does not constitute a direct application for SEC approval.

This initiative follows an earlier application by investment firms Rex Shares and Osprey Funds, both of which have also filed applications for multiple cryptocurrency ETFs, including one focused on Dogecoin.

At press time, DOGE traded at $0.34.

Dogecoin price
DOGE price,1-week chart | Source: DOGEUSDT on Tradingview.com

Featured image created with DALL.E, chart from TradingView.com

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DAO Governance Platform Agora Acquires Older Competitor, Boardroom

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Boardroom

Agora, a blockchain governance startup, is set to acquire its competitor Boardroom. The company framed the acquisition as a strategic move to enhance governance within the broader Ethereum ecosystem, citing expectations of renewed growth in decentralized governance due to President Trump’s promise of regulatory clarity for the blockchain industry.

“2025 is the year we make good governance the standard for all protocols in Ethereum,” Agora co-founder Yitong Zhang told CoinDesk.

Agora was founded in 2022 by Zhang, Charlie Feng, and Kent Fenwick. The trio initially started working on governance tooling at Nouns DAO, one of the buzzier blockchain protocols to emerge from 2021’s DAO (decentralized autonomous organization) and NFT hype cycle.

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The term “DAO” generally describes crypto communities that are governed by their token holders. They’re a favorite among those who believe crypto’s decentralization ethos can be a world-changing force, albeit an unwieldy way to run a pseudo-company. That’s created an opening for support projects like Agora.

Agora was founded on the premise that token governance is central to the value of crypto protocols. It aims to provide user-friendly, open-source governance tools for DAOs like Uniswap and Optimism, which both currently use Agora to organize token holders and hold governance votes.

Boardroom, which predated Agora and has similar goals, took a more horizontal approach to blockchain governance. Boardroom has gradually transitioned from an Agora-style DAO tooling software to a data feed—similar to a “Bloomberg” for crypto governance data.

Agora declined to disclose how much it paid to acquire Boardroom. Boardroom’s employees have been offered roles at Agora, and Boardroom’s founder, Kevin Nielsen, will remain as an advisor. “There’s no plan to deprecate” Boardroom, according to Zhang. Rather, the Agora team will keep both platforms running and will work with users to determine how the tools might gradually be integrated.

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A new day for DAOs?

“DAO” is less of a buzzword in 2025 than it was a few years ago. They were pitched as a way to leverage blockchain’s core strengths in decentralized coordination to advance a new kind of community-owned company, but they’ve been implemented in various ways and to varying degrees of success.

Many DAOs have floundered due to organizational difficulties; it can be hard to coordinate thousands of token-holders around a single goal. Improving DAO tooling can help to address this, but it is only one side of the equation. Another barrier for DAOs has been a lack of regulatory clarity, which has left open questions of legal liability and has made it difficult for DAOs to determine how tokens should be issued, and how decisions should be divided between token holders and a platform’s core developers.

“From a business perspective, DAOs are coming back in a really, really large way,” said Zhang, who says his own business has grown “10X” over the past year. “People haven’t noticed yet because people have so much trauma over DAO bulls**t.”

The Trump administration has signaled its intention to create clearer guidelines for cryptocurrency issuance, which has led to optimism among Zhang and some of his competitors.

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“I think we’re gonna finally get reasonable definitions for sufficient decentralization, security, and compliant ways of doing a token,” said Zhang.”

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Wix teams up with YouTube Shopping to expand the social shopping experience

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Wix teams up with YouTube Shopping to expand the social shopping experience

  • Wix has announced a new integration with YouTube Shopping
  • YouTube Shopping allows people to purchase products directly through YouTube videos
  • The feature is available to creators in specific countries

Wix, one of the best website builders on the market, has announced a new integration with YouTube Shopping, giving store owners a new and popular avenue to sell their products, while also expanding YouTube’s social shopping features.

YouTube Shopping is a relatively new service (first announced in 2021) that allows YouTube creators to tag products within their videos. That way, viewers can easily purchase the items directly from the platform.

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