Ferrari stock $RACE dropped 7.57% today after unveiling its first fully electric car.
The car is called the Ferrari Luce. 1,050 horsepower. Starting at €550,000. On paper it is extraordinary.
The market is not impressed.
Ferrari's 2030 revenue projection came in at €9 billion, nearly €800 million below what analysts were expecting. Investors are also deeply skeptical that the people who buy Ferraris for the roar of a combustion engine want a silent, heavy electric vehicle regardless of how fast it goes.
The stock is now down 41% from its February 2025 peak. One of the worst stretches in Ferrari's history as a public company.
Cathie Wood just broke down her 5-year Bitcoin price predictions. Base case $750,000. Bull case $1,250,000.
ARK Invest is pointing to three key drivers. Bitcoin replacing gold as a store of value. Bitcoin being used as a global insurance policy against financial instability. And institutional adoption still in its early innings.
$3 billion stolen. 10 years living like a king. Brought down by an $800 wire transfer.
In 2012, Jimmy Zhong was in his twenties when he discovered a technical flaw in the Silk Road, the infamous dark web marketplace. By rapidly clicking the withdrawal button multiple times before the system could update his balance, he tricked it into releasing far more Bitcoin than he had deposited. He walked away with over 50,000 Bitcoin without anyone noticing.
For nearly a decade he lived an extraordinary double life. Private jets. Yachts. Luxury cars. Villas. He told people he was a successful crypto investor. Nobody questioned it. Bitcoin was making millionaires everywhere.
Then in 2019 he made a mistake most people would never think twice about.
He called the police to report a burglary at his home. That report drew the attention of investigators who had been quietly tracking the stolen Bitcoin on the blockchain for years. The blockchain never forgets. Every transaction is permanent and public.
The mistake that sealed it was an $800 wire transfer to a platform that required verified identity. That single transfer created a real-world link between Jimmy Zhong and the stolen coins. The FBI and IRS raided his Georgia home in November 2021 and found 50,491 Bitcoin hidden inside a Cheetos popcorn tin in his bathroom, along with stacks of cash and gold bars.
In 2023 he pleaded guilty and was sentenced to just 1 year and 1 day in prison.
The US government sold the seized Bitcoin and kept the billions.
#BTC 13 years ago, a 30-year-old posted on Reddit that he had just put his entire life savings into Bitcoin.
$50,000. All of it. He said he was young enough to recover if it crashed, had a full-time job, and believed that only 21 million Bitcoin would ever exist. He called it a great opportunity and told nobody.
At an average price of around $120 per coin in 2012, that $50,000 bought him roughly 416 Bitcoin.
Those 416 Bitcoin are worth more than $31 million today.
US futures opened strong and green on news of a potential US-Iran peace deal and the market boom is continuing.
Nasdaq futures are just 4 points away from a brand new all-time high. The S&P 500 is 8 points away from its own historic record.
A peace deal in the Middle East means lower oil prices, lower inflation pressure, and less reason for the Fed to stay hawkish. The market is pricing all of it in at once.
🚨 Japan's Nikkei just crossed 65,000 for the first time in history.
Currently trading above 65,250, up 3.1% today and more than 110% in just 14 months. It is the best performing major stock index on earth right now.
Three things are driving it simultaneously.
Japan's core inflation cooled to 1.4%, which eases fears of aggressive rate hikes from the Bank of Japan and gives the market room to breathe. SoftBank is exploding higher on OpenAI IPO momentum, lifting AI-related stocks across the entire index. And the Iran peace deal hopes sent oil crashing to $92 a barrel, which matters enormously for Japan since the country imports nearly all of its energy. Lower oil directly means higher corporate profits across the board.
Cooling inflation. AI momentum. Cheaper oil. All hitting at once.
🚨 JUST IN:JENSEN HUANG ;He will now earn $870 million a year. Just from dividends. Jensen Huang is built different.
NVIDIA just raised its quarterly dividend from $0.01 to $0.25 per share. That is a 25x increase in a single move.
Because Huang owns 871.7 million $NVDA shares, his annual dividend income just went from $34.8 million to nearly $870 million in pure cash. Every year. Without selling a single share.
🚨 One SEC decision just wiped $42 billion from the crypto market.
The SEC delayed its plan to allow crypto versions of US stocks on regulated exchanges, and the market did not take it well.
Bitcoin is down 2.14%, wiping out $33.8 billion from its market cap. Ethereum is down 3.40%, erasing another $8.5 billion. $320 million in long positions were liquidated in just 60 minutes.
This decision matters more than most people realize. If the SEC had approved this, it would have opened the door for trillions of dollars in traditional equity exposure to flow directly into crypto. Stocks, tokenized on a blockchain, trading 24 hours a day on regulated exchanges. The kind of institutional bridge that would have changed everything.