Tag: NASDAQ:MARA
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Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News
Bitcoin wallets inactive for a decade move $62.8 million Two Bitcoin wallets (COIN:BTCUSD), inactive for over ten years, activated on Sunday (12) to transfer a total of 1,000 BTC, which corresponds to over $62.8 million at current prices. The addresses, which received 500 BTC each on September 12, 2013, when the value of Bitcoin was…
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Weekly Surge for Render and Toncoin, US Bancorp Expands Bitcoin ETF Investments, and More in Crypto
Sudden Bitcoin drop after unfavorable economic data and comments from the Dallas FED The price of Bitcoin (COIN:BTCUSD) dropped by -4.1% over the past 24 hours, trading at $60,480, reversing a peak that led the cryptocurrency to reach $63,500. This volatility was triggered by below-expectation US economic data and concerning statements from Dallas Fed President…
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JFrog and Akamai Drop Over 10% Despite Strong Profits; Sweetgreen, Array, SoundHound Surge, and More in Earnings
Akamai Technologies (NASDAQ:AKAM) – Akamai shares fell 10.8% in pre-market, influenced by a disappointing projection for the second quarter. The company estimated adjusted earnings between $1.51 and $1.56 per share, with revenues expected between $967 million and $986 million. In contrast, analysts surveyed by LSEG had expected earnings of $1.63 per share and revenue of…
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U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25%
U.S. index futures are trading lower in pre-market trading on Thursday, halting momentum after the Dow Jones had closed higher for six consecutive sessions, the longest winning streak of 2024 for the index so far. As of 7:05 AM, Dow Jones futures (DOWI:DJI) fell 81 points, or -0.21%. S&P 500 futures fell -0.20%, and Nasdaq-100…
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Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News
Tellor Tributes surges over 100% in May In May, Tellor Tributes (COIN:TRBUSD), a decentralized oracle network, saw impressive growth, nearly doubling its market capitalization at the beginning of the month. Tellor’s market value surged from $143.32 million on April 30 to $290.3 million on May 7. This increase is associated with growth in whale activity…
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Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News
Perficient (NASDAQ:PRFT) – After an acquisition agreement with EQT, a Swedish private equity firm, Perficient saw its shares soar 52.9% in pre-market trading to $73.55. EQT offered $76 per share, representing a 58% premium over Perficient’s closing price on Friday of $48.11. Luminar Technologies (NASDAQ:LAZR) – Luminar Technologies faces staff cuts, reducing 20% of its…
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ARK Invest Exits BITO ETF Position, Runes Generates $135 Million in 7-Day Fees, and More Crypto News
Bitcoin price stability challenges record ETF outflows Despite significant outflows totaling US$244.49 million from bitcoin ETFs this week, the price of Bitcoin has remained stable around US$64 thousand, showing a 1.01% increase over the last seven days. However, the correlation between bitcoin prices and ETF inflows has decreased, indicating a growing disconnect. Moreover, a substantial…
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OKX Introduces X Layer for Scaling ETH, GBTC Holdings Halve Post-Launch, and More Crypto News
Bitcoin dropping to $62,000 doesn’t shake optimistic projections, while altcoins suffer significant losses Bitcoin (COIN:BTCUSD) retreated to just above $62,000, while Ether held just above $3,000 in the last 24 hours. LMAX Digital indicates that, by staying above $59,000, Bitcoin still has a promising outlook, with the potential to reach new historical peaks. However, several…
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Crypto: AI Token Merger, Hashdex ‘DEFI’ ETF Launch, and Latest News
Positive indicators hint at potential Bitcoin surge Bitcoin (COIN:BTCUSD) is showing promising signs of an impending uptrend. One of the evidences is the increase in the number of wallets holding over 1,000 BTC and the reduction of stock on Coinbase, hitting its lowest level since 2018. These factors, coupled with accumulation by “whales” and a…
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Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More
Cryptocurrencies react positively to interest rate cut prospects The Federal Reserve’s maintenance of the federal funds rate at 5.25 – 5.50% and the indication of a balance sheet reduction adjustment influenced various markets. The Fed’s balance sheet has grown by 59% since January 2020, reaching $7.542 trillion. This policy has caused notable fluctuations in Bitcoin…