Business – Page 363

Cardanos (ADA) Hoskinson is not selling after losing $3 billion in a market crash

ADA$0.2737 Founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, providing a rare look at his personal exposure during a period of sharp declines. Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by foreclosures and falling prices in an […]

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Forward Industries (FWDI) is well positioned to consolidate the financial sector for digital assets

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Nasdaq-listed Forward Industries (FWDI) is uniquely positioned to consolidate the downbeat digital assets treasury space because it carries no corporate debt and is completely unleveraged, giving it room to play offensively while peers pull back, according to Ryan Navi, the firm’s chief investment officer. “Scale plus an untapped balance is a real advantage in this

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BTC deletes gains after choosing under ‘sell at any price’ route

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Bitcoin has recovered from a low near $60,000 to now stand at around $69,000, having given back the gains it made following Donald Trump’s November 2024 election this week. The cryptocurrency’s decline was accompanied by a broader market selloff that saw the CoinDesk 20 (CD20) index lose more than 17% of its value in a

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EY warns businesses that they must own the wallet to retain their customers

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In the evolving landscape of digital finance, Big Four consultancy EY has focused on what it believes is the next defining frontier: wallets. Wallets are fast becoming the critical interface for the next era of financial services, not just tools for holding cryptocurrency, according to Mark Nichols, principal at EY. “The wallet is the strategy,”

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Ether’s crash leaves a $686 million gaping hole in the trading firm’s books

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An ether ETH$2,048.66 the bull was caught leaning hard into the upside this week as the cryptocurrency soared, turning the whale bet into a multi-million dollar horror story. That bull is Trend Research, a trading firm led by Liquid Capital founder Jack Yi. The firm spent the past months building a $2 billion bullish (long)

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IREN and AMZ fall on earnings as BTC shares bounce back

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IREN (IREN) earnings showed weaker than expected overall results, with the company lacking consensus on both revenue and earnings per share. stock (EPS) as it accelerates its transition from bitcoin mining to the AI Cloud. Financially, Q2 revenue fell to $184.7 million, missing expectations and down from $240.3 million in Q1, while the company reported

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Crypto market bounces back after BTC price falls to 2024 low: Crypto Markets Today

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Thursday’s selloff was one of the sharpest and most destructive in crypto market history: More than $2.6 billion was liquidated as bitcoin BTC$70,668.30 fell to $60,000 to mark its lowest point since October 2024. The draw led to bitcoin being the third most “oversold” in its history, according to the Relative Strength Index (RSI), a

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How options on the BlackRock bitcoin ETF may have exacerbated the crypto meltdown

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BlackRock’s spot bitcoin BTC$70,470.39 exchange-traded funds have been a massive hit since their launch, pulling in billions from investors seeking exposure to the cryptocurrency without the hassle of crypto wallets or exchanges. Traders and analysts religiously track access to the fund to gauge how institutions are positioning themselves in the market. Now they may have

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Citi cuts price target after big drop

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Wall Street bank Citigroup is raising expectations for Coinbase (COIN) amid a risk-on mood in the markets. In a Friday note to clients, the bank’s analysts lowered their price target on the crypto exchange to $400 from $505, citing weaker trading volumes, softer institutional activity and continued uncertainty around the timing of US crypto legislation.

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Wall Street remains divided after earnings misses

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IREN’s ( IREN ) latest earnings provided a snapshot of a company in the midst of transition, with shares currently paying the price of that transition. The firm reported weaker than expected revenue and earnings as bitcoin BTC$69,820.31 mining took a backseat to its fast-growing AI cloud ambitions. Crushed by record low margins after the

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