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U.S. stock index futures opened slightly lower on Monday.Iranian Foreign Ministry: The Iranian Foreign Minister spoke with the Dutch Foreign Minister and exchanged views on bilateral relations and the latest regional and diplomatic developments.1. According to TASS: Russia says it has resumed flights at its southern airports. 2. Zelensky says Ukraine has submitted a list of 1,000 prisoners of war for exchange to Russia. 3. Zelensky: Russia has not complied with the US-brokered ceasefire agreement on the front lines. 4. According to TASS: The Kremlin says Russia wants Armenia to provide clarification regarding Zelenskys visit. 5. Russian presidential aide: US Presidential envoy Witkov and Trumps son-in-law Kushner will arrive in Moscow "soon," and Russia will continue dialogue with them.On May 11, according to Irans Tasnim News Agency, an informed source stated that Iran would not formulate plans to please the United States, but only to safeguard the rights and interests of the Iranian people. The source said that when US President Trump is dissatisfied, "its usually better." Trumps unwillingness to face reality is the reason he has repeatedly lost to Iran. On May 10, Trump posted on social media that he was dissatisfied with Irans response, calling it "completely unacceptable." Earlier on May 10, Iranian media reported that Iran had formally submitted its response to the latest US proposal aimed at ending the war to Pakistani mediators, focusing on ending the war and maritime security issues in the Persian Gulf and the Strait of Hormuz.On May 11th, according to sources familiar with the matter, artificial intelligence chip maker Cerebras Systems may raise the size and price of its initial public offering (IPO) as early as Monday due to continued surging demand for its shares. The company is considering a new price range of $150 to $160 per share, up from the previous range of $115 to $125, and increasing the number of shares offered from 28 million to 30 million. If priced at the upper end of the new range, Cerebras will raise approximately $4.8 billion, higher than the originally planned $3.5 billion. Sources say that Cerebras IPO subscription orders are more than 20 times the number of shares available, and the chipmaker is trying to cope with the surge in market interest ahead of pricing on May 13th. Cerebras produces specialized chips for running advanced AI models, a market currently dominated by Nvidia. Compared to GPU chips, which the industry has long relied on for model training, Cerebras chips are better suited for inference. This weeks IPO will be Cerebras second attempt at going public. The company first filed for an IPO in 2024 but withdrew the plan last year.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

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