| Mobile Web

Search results for Fox News

Crypto

Bitcoin drops toward $62,000 after Trump comments on Hormuz Strait

Bitcoin moved into a defence phase around $62,000 as risk assets weakened amid rising U.S.-Iran tensions. It fell further around the U.S. stock market open, Cointelegraph reported. Market anxiety grew after U.S. President Donald Trump said in a Fox News interview that the United States would directly operate the Strait of Hormuz, after Iran closed it over the weekend. Analysts cited growing short positions and warned $60,000 could come back into view.

Crypto

U.S. SEC commissioner predicts Clarity Act passage this summer as crypto regulation may accelerate

U.S. Securities and Exchange Commission Commissioner Hester Peirce predicted that the Clarity Act, aimed at establishing a crypto regulatory framework, could pass this summer. The bill has cleared the House and awaits Senate action. Peirce said it would create federal oversight for the crypto spot market and divide authority between the SEC and the CFTC. SEC Chair Paul Atkins also signaled a pro-market reform agenda and a shift toward supporting digital-asset innovation under U.S. law.

Telecommunications & Media

Fox to buy Roku for $22 billion, combining news, sports and streaming

Fox will acquire Roku in a cash-and-stock deal valued at about $22 billion. The boards of both companies have already approved the transaction, TechCrunch reported on Sunday. The acquisition is expected to be completed in the first half of 2027. Fox aims to combine Fox News, its sports channels, its free ad-supported streaming service Tubi and Roku’s connected TV platform, seeking to expand its advertising precision and reduce reliance on traditional broadcasting.