Stock Market Today: S&P 500, Dow Jones Futures Gain As Trump Clears NVDA’s H200 Sales To China—Cisco Syst

U.S. stock futures rose on Thursday following Wednesday’s mixed close. This comes as President Donald Trump is in China addressing key issues such as trade, tariffs, Taiwan, and Iran with Chinese President Xi Jinping.

On Thursday, Xi stressed the significance of the Taiwan issue, terming it as the “most critical matter” in bilateral relations, the South China Morning Post (SCMP) reported, citing state media.

The 10-year Treasury bond yielded 4.46%, and the two-year bond was at 3.97%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

IndexPerformance (+/-)Dow… Read more on Benzinga

Anthony Scaramucci Says Bitcoin Poised To Follow The S-Curve Of Adoption Like Amazon, Microsoft: ‘Cannot

Scaramucci Says Bitcoin Can’t Be ‘Devalued’

During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people trust it.

Bitcoin, he added, is an improved version, which happens to be “an open, transparent, fully decentralized and fully secured” by a network of computers.

“This is a computer program that cannot be devalued,” Scaramucci said.

The natural next question is — why does Bitcoin’s value fall then?

The S-Curve Of Adoption

Scaramucci admitted that the majority of people, himself included, were dismissive of Bitcoin initially when it was championed by “libertarians” and…

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Bitcoin, Ethereum, XRP Fall, But Dogecoin Gains Ahead Of Crypto Act Markup In Senate: This Analyst Is Bra

Leading cryptocurrencies slipped on Wednesday as the Senate Banking Committee gears up to vote on the Clarity Act.

Crypto Market Lags

Bitcoin dipped below $79,000 during early trading but staged a partial recovery by late evening. Ethereum fell to an intraday low of $2,233, but Dogecoin bucked the trend with nearly 3% gains.

These moves come ahead of the much-anticipated markup of the Clarity Act, a comprehensive legislation that would give U.S. cryptocurrency holders clear regulatory rules.

Over $370 million was liquidated in the past 24 hours, with long position traders again bearing the brunt of the losses, according to Coinglass data.

Bitcoin’s open interest rose marginally by 0.28$ over…

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GraniteShares’ MSTR, Coinbase ETFs Launch Amid Bitcoin-Fueled Volatility – Coinbase Global (NASDAQ:COIN),

Key Features of the New ETFs

Will Rhind, founder and CEO of GraniteShares, said the expansion reflects where investor demand is currently concentrated, particularly around highly traded crypto-equity names. He added that the ETFs are designed to offer a more accessible and liquid alternative to traditional structured notes while seeking to generate income through a disciplined autocallable framework.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Senate Confirms Bitcoin Friendly Kevin Warsh As Fed Chair Ahead Of Clarity Act Vote

The Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve in the most divisive confirmation vote in the central bank’s modern history, handing President Donald Trump a landmark win just as fresh inflation data clouds the path to the interest rate cuts he has loudly demanded.

The chamber voted 54–45 to confirm Warsh, 56, making him the 11th Fed chair of the modern banking era and the wealthiest person ever to hold the position. The vote was nearly entirely along party lines, with only Pennsylvania Democratic Senator John Fetterman crossing over in support.

Warsh takes over from Jerome Powell, whose four-year term as chair expires Friday —…

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Bitcoin, Ethereum, XRP Wobble As Markets Await Clarity Act Markup, Dogecoin Extends Rally

Bitcoin slipped below $80,000 on Wednesday as crypto markets turned cautious ahead of Thursday’s highly anticipated U.S. Senate Banking Committee markup meeting on the Clarity Act.

Notable Statistics:

Coinglass data shows 120,108 traders were liquidated in the past 24 hours for $374.66 million.       

SoSoValue data shows net outflows of $233.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $130.6 million.

In the past 24 hours, top losers include SKYAI, Toncoin and Terra Classic.

Notable Developments:

Trader Notes:

Trader KillaXBT said Bitcoin’s broader bear-market structure still leaves room for a move below $60,000, although the…

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Why Cathie Wood And Robinhood Agree That Retail Investors Need Access To Private Markets – Robinhood Mark

Shifting Landscape

In an interview session, on Tuesday the discussion centered around ARK’s venture-focused interval fund and Robinhood’s newly launched closed-end private markets fund.

Both are designed to give retail investors exposure to private companies that traditionally remained accessible only to accredited investors and institutional capital.

Wood said the investing landscape has shifted dramatically as companies stay private far longer than in previous cycles.

She pointed to companies like

Key Takeaways

Rajgopal called the current accreditation system “antiquated,” arguing wealth thresholds no longer reflect investor sophistication in an era where information and research are widely…

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Zcash ETF Filing Marks Privacy Coin Comeback In Crypto ETF Market

Privacy-focused cryptocurrencies are moving back into the ETF spotlight after Grayscale Investments filed with the U.S. Securities and Exchange Commission to convert its existing Zcash Trust into a spot exchange-traded fund.

If approved, the product would trade on the NYSE Arca under the ticker ZCSH, becoming the first U.S.-listed ETF directly tied to a privacy-focused cryptocurrency. The proposed fund would hold ZEC, the native token of Zcash, offering investors direct exposure to the asset instead of relying on futures contracts or crypto-related equities.

• Grayscale Bitcoin Trust (BTC) stock is under selling pressure. What’s pulling GBTC shares down?

Key Features Of The… Read more on Benzinga

SpaceX Could Hit ‘Meme-Stock Velocity’ With Real Fundamentals – GameStop (NYSE:GME), Goldman Sachs Group

• Goldman Sachs Group stock is trading at elevated levels. Where are GS shares going?

In an exclusive interview with Benzinga, the Tessera PE CEO argued that a tokenized version of Elon Musk’s SpaceX could combine “meme-stock velocity” with institutional-grade fundamentals, creating a new category of investing altogether.

“Meme stocks are narrative trades detached from fundamentals,” Ahn said. “Tokenized SpaceX is the opposite.”

Retail Demand Could Look Very Different

The bigger shift, according to Ahn, is structural.

Traditional IPO systems intentionally throttle participation through broker allocations, minimum purchase sizes and geographic restrictions. Tokenization removes many…

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Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday

A long-stalled crypto market structure bill is moving through Congress with new momentum — and Coinbase’s top executive says it could reshape the American financial system.

Coinbase CEO Brian Armstrong declared his company’s support for the Digital Asset Market Clarity Act on Wednesday, calling the legislation a “true compromise” that balances the demands of the crypto industry against the interests of the traditional banking sector and signaling the bill is in the best shape he has seen since negotiations began.

The statements, via Fox News, came as the Senate Banking Committee prepared to hold its markup of the CLARITY Act on May 14, the first formal committee vote…

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