Wrapped Bitcoin (WBTC) is an ERC-20 token on Ethereum backed 1:1 by real Bitcoin held by a custodian, allowing Bitcoin holders to use their assets within Ethereum's decentralized finance (DeFi) applications. Since Bitcoin cannot natively operate on Ethereum's smart contracts, WBTC acts as a bridge, enabling lending, borrowing, trading, and collateral use without selling Bitcoin. The mint-and-burn model involves custodians, merchants, and users, overseen by a decentralized autonomous organization (DAO), but WBTC carries additional risks like custodial and smart contract vulnerabilities. Alternatives like Coinbase's cbBTC and the decentralized tBTC offer different trust models, making the choice dependent on user preferences for custody and decentralization.
Korn Ferry reported strong Q1 results with earnings per share of $1.43 and revenue of $756.5 million, both exceeding analyst expectations and marking continued growth. Despite this, the stock fell due to conservative guidance for the next quarter, wh...
SailPoint reported Q2 2026 earnings with revenue of $308.81 million, slightly below estimates but up 17% year-over-year. Adjusted EPS of $0.09 beat analyst expectations by 12.5%, reflecting improved profitability. The company showed strong subscripti...
The Cooper Companies is set to report its Q3 2026 earnings with analysts expecting earnings per share (EPS) of $1.12 and revenue of $1.10 billion, both showing growth from the previous year. Despite a recent 2.7% drop in stock price to $67.69, an ana...
Intellia Therapeutics saw a boost after Wedbush analyst raised its price target to $13, signaling potential upside from its current $12.64 share price. The FDA granted Priority Review to Intellia's lonvo-z treatment for Hereditary Angioedema, with a ...
Marqeta has partnered with BVNK to enable stablecoin-backed card capabilities for both crypto and non-crypto companies. This collaboration allows Marqeta's customers to integrate stablecoins into wallets, cards, and financial products, enabling users...
