Bitcoin's price rally toward $70,000 caused a record $2.7 billion in short position liquidations within 24 hours, the largest since 2021. Total crypto liquidations hit nearly $3 billion, with shorts accounting for 92% of losses, showing intense short squeeze pressure. This surpasses the previous record short liquidations during the October 2025 crypto crash. Bitcoin traded around $69,100 after rising 8% in a day, but sustaining gains will depend on fresh buying since short covering momentum fades once positions close.
Ether surged 18% to above $2,250, leading a broad crypto rally that also boosted Bitcoin by nearly 8% to over $69,100, Solana by 10%, and XRP by 10%. The rally was sparked by the US Treasury's expansion of bond buyback operations, which improved liqu...
Hanmi Financial Corporation has been upgraded to a Buy rating due to improved operational metrics and a stronger bottom line. The company maintains a robust deposit base, with 30.7% of deposits being non-interest-bearing, and reported a net interest ...
Bitcoin, ether, and other cryptocurrencies rallied after former US President Donald Trump expressed support for the crypto sector and urged Congress to pass a supportive bill. The US Treasury's move to increase buybacks of long-term bonds lowered yie...
Trevi Therapeutics is leveraging the dual mechanism of its drug Haduvio to treat chronic cough associated with idiopathic pulmonary fibrosis (IPF). The company plans to expand its treatment to other interstitial lung diseases (ILD) and refractory chr...
ServiceNow reported a 23% increase in subscription revenues to $3.8 billion, with key metrics like cRPO and RPO growing over 21% year-over-year. The company's professional services revenue remains small and does not significantly affect its stock out...
