A trader betting against Bitcoin lost nearly $12 million when their BTCUSDT short position was forcibly liquidated by Binance in a single order. This liquidation was part of a broader $268 million wipeout across crypto futures markets over 24 hours, mostly impacting short sellers as Bitcoin's price surged. Over 96,000 traders faced forced closures due to margin calls, highlighting the risks of high leverage up to 125x on Binance. The mass liquidations likely fueled further upward momentum in Bitcoin's price, showing how sharply rising prices can trigger cascading losses for bearish traders.
Kentucky First Federal Bancorp announced a special board meeting on July 28, 2026, to consider resuming quarterly dividends on its common stock, potentially up to $0.10 per share. The company has suspended dividends since November 2023, and no final ...
Universal Music Group's Board of Directors unanimously rejected an unsolicited buyout proposal from Pershing Square Capital Management, stating it undervalues the company and won't create superior value. The Board, supported by shareholders, highligh...
Cuprina Holdings completed a reverse stock split on May 27, 2026, aiming to meet Nasdaq's minimum $1.00 bid price requirement after failing to regain compliance. The company requested a hearing with the Nasdaq Hearings Panel to appeal a delisting det...
Kun Peng International Ltd. will implement a 1-for-10 reverse stock split of its common stock effective June 2, 2026, reducing outstanding shares from 400 million to about 40 million. The company also amended its Articles of Incorporation to reduce a...
Hedge fund billionaire Daniel Loeb increased his stake in Broadcom by buying 50,000 shares while reducing holdings in NVIDIA and Taiwan Semiconductor. Broadcom reported strong Q1 revenue of $19.31 billion, beating estimates, and expects Q2 revenue ar...
