Bitcoin miners rise 10% after Trump promises to back US miners
The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific. Go to Source
Stock
Auto Added by WPeMatico
GameStop rallies overnight as Roaring Kitty reveals $180M GME position
Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets. Go to Source
Nvidia doubles down on AI future as stock market cap tops $2.5T
The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers. Go to Source
BlackRock’s BUIDL becomes the world’s largest tokenized treasury fund
It took less than six weeks for the BlackRock USD Institutional Digital Liquidity Fund to surpass Franklin Templeton’s one year old tokenized treasury fund. Go to Source
Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher … Read more
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday, dropping more than 13% as … Read more
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” … Read more
Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month
ARK appears unfazed by Silvergate as it increases COIN exposure by over 700,000 shares so far in 2023. Go to Source Powered by WPeMatico
Silvergate stock plunges 31% after delayed filing raises doubts over future
Crypto-friendly bank Silvergate has delayed its 10-K filing, which reveals the financial health of the company. The news has sent its stock price down 31%. Go to Source Powered by WPeMatico
Unstoppable Domains and Crypto Browser Opera Widen Scope to Offer Accessible Web3 Identity System
Opera, the Web3 browser, and Unstoppable Domains, the non-fungible token (NFT) domain provider, have announced that users can now access all domain endings, including .x, .crypto, and .nft, across Opera’s browsers. Additionally, Opera and Unstoppable are offering a free .nft domain that matches an Opera user’s Twitter handle after account verification. Opera Expands Web3 Capabilities … Read more
