The post Semiconductor Stocks Reach Record 18.8% of S&P 500 appeared first on Coinpedia Fintech News

Semiconductor stocks now account for a record 18.8% of the S&P 500’s market capitalization, more than triple their share in 2022. The increase follows a 546% rally in the SOX semiconductor index, fueled by strong demand for artificial intelligence infrastructure. The concentration matters because semiconductor companies now represent a larger portion of the index than …

The post Fidelity 500 Index Fund Provider Launches Stablecoin Reserve Fund appeared first on Coinpedia Fintech News

Fidelity has launched the Fidelity Reserves Digital Fund, a money market fund built for stablecoin issuers. The fund began operating on June 15 and invests only in reserve assets permitted under the GENIUS Act framework, including U.S. Treasury securities, cash, overnight repurchase agreements, and compliant government money market funds. The launch matters because it provides …

The post Why is Crypto Going Down Today? appeared first on Coinpedia Fintech News

Crypto is down today mainly because a wave of leveraged bullish positions was forced to close as prices fell, increasing selling pressure across the market. Weak investor sentiment and growing caution among traders added to the decline, causing major cryptocurrencies to lose key support levels. The broader crypto market has fallen about 1.05% in the …

The post Fed Chair Kevin Warsh Debuts at First FOMC Press Conference appeared first on Coinpedia Fintech News

Federal Reserve Chair Kevin Warsh held his first press conference after leading his first FOMC meeting, marking a clear shift in communication style from former Chair Jerome Powell. Warsh emphasized the Fed’s commitment to price stability, confirmed he was the only policymaker who did not submit a “dot plot” projection, and avoided giving timelines for …