Bitcoin briefly surged past $80,000 in early trading, extending gains from a recent rally driven by renewed investor appetite for riskier assets and a short squeeze that liquidated over $4 billion in bearish positions. This momentum attracted retail investors and smaller wallets, with some analysts predicting Bitcoin could reach $100,000 by year-end. The rally was partly fueled by the U.S. Treasury's plan to increase debt buybacks, lowering Treasury yields and boosting demand for risky assets. However, the sustainability of the rally depends on upcoming economic data and Federal Reserve signals, with investors closely watching Fed Chair Kevin Warsh's speech and inflation reports for clues on future interest rate moves. Meanwhile, crypto-related stocks also rose, and regulatory developments like the pending Clarity Act could impact the market's direction.
SoFi Technologies reported a strong Q3 2026 with record loan originations and improved credit quality, driving an 11% stock surge. The company raised its full-year revenue and earnings outlook despite a tougher interest rate environment, signaling ro...
Ripple has partnered with Robinhood to broaden the use of its digital dollar, RLUSD, enhancing trading and financing options for institutional clients and improving Robinhood's internal money management. The collaboration includes using RLUSD for set...
Robinhood Markets reported a record Q2 revenue of $1.31 billion, up 32% year-over-year, driven by strong profitability and growth in new business segments like prediction markets. The company saw a 39% increase in Gold subscribers and a 24% rise in a...
