Tag: NASDAQ:MSTR
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Ethereum Nears $4K, Bitcoin ETFs Hold Over 1 Million BTC, and More Crypto News
Bitcoin ETFs reach milestone of 1 million bitcoins held For the first time, Bitcoin ETFs worldwide have surpassed the milestone of 1 million bitcoins held, according to Bold.report. US ETFs lead, with the Grayscale ETF (AMEX:GBTC) holding around 292,000 BTC. Following are BlackRock (NASDAQ:IBIT) and Fidelity (AMEX:FBTC), with significant recent transaction volumes, consolidating the growing…
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Nike Cuts Jobs at Converse, Ilya Sutskever Departs from OpenAI, WBD Increases Buyback Offer, and More News
Nike (NYSE:NKE) – Converse, a Nike subsidiary, will cut jobs as part of its ongoing $2 billion cost reduction plan. Nike, affected by cautious consumer spending, will reduce product supply and management layers, along with facing job cuts in its operations. OpenAI – Ilya Sutskever, co-founder and chief scientist of OpenAI, is leaving the company…
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Bitcoin Surges Post Jobs Report, Coinbase Reveals $1.2 Billion 1Q Net Profit, and More Crypto News
Bitcoin rises in response to jobs data Bitcoin (COIN:BTCUSD) experiences a 4.5% increase on May 3, driven by US employment data. BTC/USD is trading at $61,751 at the time of writing. Specifically, non-farm payrolls numbers for April fell below expectations, indicating weakness in the job market. This revelation suggests a possible interest rate cut, as…
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Bitcoin, Ether Drop After Lackluster Hong Kong ETF Debut; Alliance Resource generates $30M in BTC, and More Crypto News
Modest launch of Bitcoin and Ethereum ETFs in Hong Kong The introduction of Bitcoin and Ethereum ETFs in Hong Kong began with below-expected performance, reaching a trading volume of approximately $11.19 million (87.58 million HKD), according to the Hong Kong Stock Exchange. These numbers fall well below the initial expectations, which predicted over $100 million.…
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HSBC’s High Profit & CEO Resignation, Santander’s 11% Profit Surge, and More in Earnings
HSBC (NYSE:HSBC) – Shares of HSBC advanced 3.7% in pre-market trading after revealing its first quarter results. With revenue of $20.8 billion, a 3% increase from the previous year, the bank reported a pre-tax profit of $12.65 billion, while net profit reached $10.84 billion. Basic earnings per share were $0.54. CEO Noel Quinn plans to…
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Expectations for Bitcoin Halving, Tether Expands Stablecoins on TON Blockchain, and More Crypto News
Bitcoin gears up for halving: Subtle recovery and projections in the cryptoasset market After hitting a low of $58,800 last week, Bitcoin (COIN:BTCUSD) experienced a slight recovery, gaining 0.5% in the last 24 hours to reach $63,806, with the next halving scheduled to occur in less than 12 hours. Meanwhile, Ether (COIN:ETHUSD) is trading at…
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Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News
Delta Air Lines (NYSE:DAL) – Delta Airlines reported a first-quarter profit of $37 million, a significant increase compared to the $363 million loss from the previous year. With adjusted revenue of $12.56 billion, the company surpassed Wall Street expectations, attributing the success to strong demand for leisure and business travel, according to CEO Ed Bastian.…
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Crypto: Cardano Implements Critical Updates, dYdX Faces Disruption, and More
Cardano prepares for significant updates with Chang and Ouroboros Leios Charles Hoskinson, co-founder of Cardano (COIN:ADAUSD), expresses his excitement for two critical updates: the Chang hard fork and the Ouroboros Leios consensus mechanism, aimed at enhancing the network in response to community demands. The Chang hard fork is a step towards more community governance, granting…
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Boeing Down in Pre-Market Due to CEO Developments and Denver Incident; MicroStrategy Surges 11% with BTC Spike, and More
MicroStrategy (NASDAQ:MSTR), Coinbase Global (NASDAQ:COIN) – In pre-market trading, MicroStrategy saw an 11.26% increase priced at $1,601.00, while Coinbase Global gained 5.85% priced at $255.00, driven by a rise in cryptocurrency-related stocks, following Bitcoin (COIN:BTCUSD). Bitcoin rose 3.7% in the last 24 hours, reaching $71,933. Boeing (NYSE:BA) – Boeing shares are down 1.03% in pre-market…
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Crypto: SBF Sentenced to 25 Years, DOGE and BCH Surge on Thursday, and More
Sam Bankman-Fried receives 25 years in high-profile trial Sam Bankman-Fried, founder of FTX, was sentenced to 25 years in prison, a verdict delivered by a court packed with spectators, marking a critical moment in the legal examination of the cryptocurrency sector. To be released at age 57, his conviction highlights the complexities and risks of…