Bitcoin briefly surpassed $80,000, triggering $207.56 million in net realized profits—the highest in a month—indicating active profit-taking by holders rather than a market top. This profit-taking suggests a rising cost basis with many holders breaking even near current prices, which could increase sensitivity to price drops. Options market data shows traders remain cautious, paying more for downside protection while positioning for a steady upward trend. The continuation of this rally depends on upcoming macroeconomic events, including U.S. nonfarm payroll data and geopolitical developments.
The Dolphin Company's current management proposed selling its main assets in Mexico to Delphinus Blue Planet, a Grupo Xcaret subsidiary, for $20 million. This deal would give Delphinus control over more than 90% of dolphin habitats in Mexico, creatin...
MaxLinear's stock fell after earnings, but the analyst maintains a Strong Buy rating with a revised price target of $111 per share, down from $196.50. The drop is attributed to valuation compression and broader semiconductor industry trends rather th...
Johnson & Johnson has reached a historic $5.5 billion settlement to resolve claims from about 70,000 women and families alleging its talc products, including Johnson's Baby Powder, contained asbestos and caused cancers such as ovarian cancer and meso...
Bitcoin fell about 2.7% to around $63,200 following the U.S. market close, dragged down by a sharp 10% drop in South Korea's Kospi index, which hit its lowest since April. The U.S. Senate postponed a vote on the CLARITY Act, delaying crypto regulator...
AI coding startup Cursor has introduced Cursor Start, a ₹649 ($7) monthly subscription tailored for India, priced below its $20 Pro plan. India is Cursor's third-largest market with rapid user growth, making it a strategic focus for expansion. The pl...
