Tag: Firm

Bitcoin Fakeout? Research Firm Says Momentum Just Flipped Bearish

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s latest push towards $120,000 fizzled into a stall-out that now resembles a “failed breakout zone,” according to market analytics firm Swissblock. In a July 31 thread, the firm said “momentum has failed to ignite,” arguing…

Robinhood Q2 Crypto Revenue Doubles As Firm Doubles Down On Tokenization

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Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said in its earnings statement on Wednesday.  Despite beating Wall Street expectations, company shares slightly retraced in after-hours trading. Split of Robinhood’s transaction-based revenue for crypto, equities, options and “other.” Source: Robinhood Crypto volumes also increased…

Paris-Based Semiconductor Firm Sequans Boosts Bitcoin Treasury to Over 3,000 Coins

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Sequans Communications S.A. has acquired an additional 755 bitcoins for approximately $88.5 million. Sequans Acquires an Additional 755 Bitcoin The Paris-based semiconductor company disclosed that it purchased the leading cryptocurrency at an average price of $117,296 per bitcoin, inclusive of fees and expenses. This transaction brings Sequans’ total bitcoin holdings to 3,072 coins as of […] Original

Jack Dorsey’s Bitcoin Firm Block Inc Joins S&P 500

Key Notes Fintech giant Block Inc has been added to the S&P 500 effective July 23. Block replaced US energy company Hess Corp on the S&P 500. Strategy may eventually be added to the S&P 500 Index, a move bolstered by epic Bitcoin bets. . Jack Dorsey’s financial services company, Block, Inc., has been added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. It is replacing US energy company Hess Corp on the S&P 500. According to a statement published on July…

This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm

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The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. The metric works by going…

Nasdaq-Listed Firm Bets Big on DOGE With Massive Capital Raise

Bit Origin Ltd has announced plans to launch a $500 million treasury strategy focused on Dogecoin. The firm said it has secured agreements with accredited investors to fund the initiative. CEO Highlights Dogecoin’s Evolving Utility and Community Strength The Nasdaq-listed diversified digital asset company, Bit Origin announced on July 17 plans to launch a $500 […] Source CryptoX Portal

Strategy, the Nasdaq-Listed Firm With 600,000+ BTC, Hits Record Market Cap

On Wednesday, shares of the business intelligence and bitcoin treasury firm Strategy climbed to a record $455.90, pushing the company’s market capitalization to a significant $124.64 billion. Strategy’s Stock Hits New High Backed by Massive Bitcoin Treasury Market stats reveal that Strategy’s MSTR shares on Nasdaq hit $455.90 at Wednesday’s close, rising more than 3% […] Source CryptoX Portal