Tag: NASDAQ:RIOT
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BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
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Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News
Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading. Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares…
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Semler Scientific Invests in Bitcoin, Riot Platforms Eyes Bitfarms Acquisition, and More Crypto News
Semler Scientific invests $40 million in Bitcoin Semler Scientific (NASDAQ:SMLR), a company specializing in health products, announced the acquisition of 581 Bitcoins for $40 million, highlighting digital currency as a promising investment and store of value. According to CEO Eric Semler, this strategy aims to protect the company against inflation and capitalize on the potential…
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U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision
U.S. index futures indicate a slightly lower opening for Tuesday’s trading as Wall Street positions itself for a series of significant earnings releases from large-cap companies. This movement comes in a crucial week marked by the Federal Reserve’s deliberations on interest rates, an event closely watched by investors. As of 7:06 AM, the Dow Jones…
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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: 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…
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Uniswap Skyrockets 55% with Incentive Proposal, Avalanche Confronts 4-Hour Shutdown, and More
Expiration of $3.6 billion in Bitcoin options could influence the market Today, around $3.6 billion worth of Bitcoin options contracts are set to expire on major derivatives exchanges, raising questions about possible impacts on the cryptocurrency’s value. The majority of these options reside on Deribit and CME, indicating significant speculation or hedging strategies against Bitcoin…
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Bitcoin Breaks $47K Barrier, COTI’s Surge with MPC Protocol, and Latest Updates
Bitcoin reaches new highs with massive entry into ETFs Bitcoin (COIN:BTCUSD) experienced a strong momentum as it surpassed $47,000, driven by one of the largest net entries into ETFs in the US since its inception. After reaching a peak of $47,699, there was a brief sell-off, but prices stabilized again above $47,200, with a 4.4%…
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Crypto: GRIID Nasdaq Debut, OKX Leads Crypto Inscription Innovation, and more
Reduction in contracts boosts Bitcoin price The recent rise in Bitcoin (COIN:BTCUSD) above US$43,000 may be related to the decrease in open interest in bitcoin options, especially at US$40,000, according to analyst Gordon Grant. After the options expired at the end of January, there was a notable decrease in these contracts, potentially freeing the Bitcoin…
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Crypto: Core Scientific’s Nasdaq Return, Meta Faces Digital Asset Investigation, and More
Bitcoin recovers $40,000 mark on Wednesday Bitcoin (COIN:BTCUSD) reclaimed the $40,000 level after a brief dip below that value, registering a modest 0.5% increase in 24 hours, trading at $40,040. “After more than a 20% drop, BTC found the 100-period moving average. A very strong support with many robots programmed to buy in this region.…