Wyoming has become the latest US state to propose a bill for a Strategic Bitcoin Reserve, just days before Donald Trump’s US presidential inauguration.

There were no crypto conference appearances or positive social media posts about digital assets during Donald Trump’s 2016 presidential campaign.

The Solana-based memecoin surged to a market cap of over $32 billion one day after launching but allegedly violates the US Constitution.

Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately. The EV startup has been dealing with rapid cash burn and has struggled to raise additional funding amid uncertain demand for its microbus-inspired cargo vans.

JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), (the "Company"), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company’s assets and the distribution of proceeds to creditors. Despite being American-

Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The gains took place in conjunction with a 1% gain for the S&P 500 index and a 1.5% gain for the Nasdaq Composite index. Tesla's valuation climbed today alongside reports that CEO Elon Musk could be involved in a deal to purchase TikTok from ByteDance -- its Chinese parent company.

TikTok is on track to shut down as early as Sunday after the Supreme Court upheld a law to ban the app in the US on January 19 if parent company ByteDance doesn't divest from it. Yahoo Finance senior reporter Alexandra Canal breaks down the latest data from e-commerce analytics platform MikMak, which illustrates brand advertising on TikTok has dropped 21% this quarter as advertisers migrate to other platforms. Despite speculation about the ban, analysts believe user engagement and ad spending will remain stable across other platforms. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch

As the trading week concludes, hosts Alexandra Canal and Josh Lipton outline key events market participants can expect in the week ahead. President-elect Donald Trump and Vice President-elect JD Vance will be sworn into office on Monday, January 20, at their inauguration ceremony in Washington, D.C. Trump will begin his second term as the 47th President of the United States. On the earnings front, streaming giant Netflix (NFLX) will release its fiscal fourth quarter results on Tuesday, January 21. Investors will be watching to see how the company's foray into live sports is attracting viewers. Additionally, the fate of TikTok's potential US ban will be determined as the short-form video platform faces its January 19 deadline to secure a non-Chinese buyer. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

(Reuters) -Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a legal settlement with Tennessee Attorney General Jonathan Skrmetti, his office said on Friday. The resolution is the latest step by New York-based BlackRock and by other firms to move away from environmental, social or governance measures. An anti-ESG backlash has gathered force among Skrmetti and other Republican politicians including incoming U.S. President-elect Donald Trump.

Garmin (GRMN) reachead $215.70 at the closing of the latest trading day, reflecting a +0.53% change compared to its last close.