SpaceX perpetual futures on Binance have surged to become the exchange's second-largest futures product by trading volume, generating over $5.6 billion in 24-hour activity following SpaceX's Nasdaq debut. The SPCXUSDT contract has recorded more than $9 billion in combined trading volume, reflecting strong retail investor demand for crypto-based exposure to prominent public companies. Binance leads trading activity and open interest for this contract, which transitioned from a pre-IPO to a standard perpetual futures product after SpaceX's public listing. This growth highlights increasing interest in equity-linked crypto products, especially from users without easy access to U.S. stock markets, as Binance expands its offerings in tokenized securities and fractional stock trading.
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the f...
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
