AVA (AVA/IDR) Price Today
Canaan posts $97.6M Q2 loss as Bitcoin slump cuts mining gear sales sharply
Canaan Inc. reported a $97.6 million net loss in Q2 2026 as revenue fell 68% year-over-year to $31.9 million, driven by a drop in Bitcoin prices from $82,000 to $58,000. The company also took a $25.3 million inventory write-down, signaling lower valu...
BlackRock and Fidelity cap Bitcoin in retirement portfolios at 5% due to volatility risks.
BlackRock and Fidelity recommend limiting Bitcoin exposure in retirement portfolios to between 1-5% to balance potential growth with high volatility risks. Most Americans view crypto as too risky for 401(k)s, but these firms see a small allocation as...
BitMine buys $70M more Ethereum, nearing 5% of total ETH supply held.
BitMine Immersion Technologies has purchased an additional $70 million worth of Ethereum, acquiring 28,086 ETH in the past week. This brings BitMine's total Ethereum holdings close to 5% of the entire ETH supply, currently at 4.9%. Chairman Tom Lee r...
Bitcoin ETFs see $31M inflow while Ethereum ETFs lose $48M in a single day divergence
On September 2, Bitcoin ETFs attracted $31 million in net inflows, gaining 398 BTC, whereas Ethereum ETFs experienced a significant outflow of $48 million, losing 19,667 ETH in one day. Despite this daily divergence, Ethereum ETFs still posted a posi...
4,011 XRP wallets drained of 267,664 XRP in 3 hours due to wallet app breach, funds moved to Ethereum.
XRP Healthcare's XRPH Wallet app was taken offline after a breach drained 4,011 user wallets, stealing 267,664 XRP and other tokens worth about $452,000. The attack targeted the wallet application layer, not the XRP Ledger itself, with wallet seeds s...
Bitcoin outperforms gold as BTC-gold ratio hits 18, signaling strong institutional demand and growth potential.
Bitcoin's value relative to gold has surged, with the BTC-gold ratio reaching 18, its highest since January. Over the past month, Bitcoin gained about 22% compared to gold's 2%, indicating Bitcoin's rising purchasing power. Despite recent volatility,...
AI startup Sapien valued at $180M after uncovering $12M error in enterprise finance analysis
Sapien, a two-year-old AI startup, raised funding at a $180 million valuation by using AI to improve enterprise finance accuracy. The company’s technology quickly analyzes operational data, revealing costly errors like a $12 million misattribution in...
Strategy Inc pauses Bitcoin transactions after recent purchase; shares dip 3% amid mixed analyst views.
Strategy Inc reported no Bitcoin transactions last week following its first Bitcoin purchase since June, holding about 845,050 BTC at an average cost of $75,412 each. The company's shares fell 3% to $138.43 in premarket trading, despite Canaccord Gen...
Ethereum price stays below $2,500 amid Fed rate hike uncertainty and weak momentum.
Ethereum traded near $2,475 on September 8, dropping about 0.7% as it remained stuck in a narrow range between $2,450 and $2,550. The market is cautious due to uncertainty over the Federal Reserve's potential interest rate hike, following stronger-th...
Strategy halts Bitcoin buys, invests $176M in preferred stock; Strive adds $109M in Bitcoin, doubling buyback plan.
Michael Saylor's Strategy did not buy or sell any Bitcoin from Aug. 31 to Sept. 7 but repurchased $176.3 million in preferred stock and doubled its buyback program to $2 billion. Meanwhile, Strive bought 1,375 BTC for about $109 million, increasing i...
