Bitcoin’s huge rally has nuked $6B in shorts this year: S3 Partners
Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023. Go to Source
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Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023. Go to Source
ETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds. Go to Source Powered by WPeMatico
VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day. Go to Source Powered by WPeMatico
The combined capitalization of publicly-traded crypto stocks surged from roughly $25 billion in January to around $100B today. Go to Source Powered by WPeMatico
Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin,” the firm wrote. 19 Stocks With Crypto Exposure That Outperformed … Read more
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked Stocks in South Korea According to Yonhap, Korea Exchange (KRX), through its KRX’s Market Oversights … Read more
Financial regulators around the world seem to finally notice that some companies are trying to capitalize on the insatiable appetite for everything crypto by claiming a link to blockchain. Trading in the stocks of one such alleged company has now been stopped by the SEC. Also Read: Peak Blockchain Hype? Firm With No Revenues and … Read more
Companies routinely roll out new loyalty programs with much fanfare but arouse little to no excitement from investors, at least until they can show some returns. Now one Hooters franchisee has shown how to change this: just use these magic words: bitcoin, crypto and blockchain. Also Read: Public Firm Faces Class Action Lawsuit for Falsely … Read more