The post Elon Musk, Larry Ellison Down Almost $30 Billion Combined Thursday appeared on BitcoinEthereumNews.com. Topline The five richest people in the world are worth nearly a combined $46 billion less Thursday afternoon due to a market sell-off spurred by dumping of artificial intelligence stocks, mixed fourth quarter results from Disney and general economic uncertainty as the longest government shutdown in American history comes to an end. Elon Musk, the richest person in the world. Getty Images Key Facts The tech-heavy Nasdaq Composite was down 2.5%; the Dow Jones Industrial Average lost 650 points, or 1.35%; and the S&P 500 was down 1.6% as of Thursday afternoon. As a result, the richest men in the world saw their net worths tumble, led by Tesla’s Elon Musk (down $17.1 billion) and Oracle’s Larry Ellison (down $12.5 billion), according to Forbes estimates. The next seven richest people in the world on Forbes’ Real-Time Billionaire’s List also each lost billions of dollars, with the top nine losing $58.6 billion altogether by 2 p.m. EST. The Walt Disney Corporation, a component of the Dow and S&P 500, was among the biggest losers Thursday after missing revenue expectations, though it beat analyst estimates on earnings, and after warning of a potentially long fight with YouTube TV over distribution of its cable channels. Disney was down nearly 8% as of just after 2:30 p.m. EST on Thursday afternoon, while Shopify, Tesla and Palantir Tech were all down more than 6%. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Contra Warren Buffet, the 95-year-old outgoing CEO of Berkshire Hathaway, was $2.4 billion richer on the day as of Thursday afternoon, catapulting him back above the $150 billion estimated net worth mark. Buffett was the only person among the… The post Elon Musk, Larry Ellison Down Almost $30 Billion Combined Thursday appeared on BitcoinEthereumNews.com. Topline The five richest people in the world are worth nearly a combined $46 billion less Thursday afternoon due to a market sell-off spurred by dumping of artificial intelligence stocks, mixed fourth quarter results from Disney and general economic uncertainty as the longest government shutdown in American history comes to an end. Elon Musk, the richest person in the world. Getty Images Key Facts The tech-heavy Nasdaq Composite was down 2.5%; the Dow Jones Industrial Average lost 650 points, or 1.35%; and the S&P 500 was down 1.6% as of Thursday afternoon. As a result, the richest men in the world saw their net worths tumble, led by Tesla’s Elon Musk (down $17.1 billion) and Oracle’s Larry Ellison (down $12.5 billion), according to Forbes estimates. The next seven richest people in the world on Forbes’ Real-Time Billionaire’s List also each lost billions of dollars, with the top nine losing $58.6 billion altogether by 2 p.m. EST. The Walt Disney Corporation, a component of the Dow and S&P 500, was among the biggest losers Thursday after missing revenue expectations, though it beat analyst estimates on earnings, and after warning of a potentially long fight with YouTube TV over distribution of its cable channels. Disney was down nearly 8% as of just after 2:30 p.m. EST on Thursday afternoon, while Shopify, Tesla and Palantir Tech were all down more than 6%. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Contra Warren Buffet, the 95-year-old outgoing CEO of Berkshire Hathaway, was $2.4 billion richer on the day as of Thursday afternoon, catapulting him back above the $150 billion estimated net worth mark. Buffett was the only person among the…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more