BitMart, a Cayman Islands-based crypto exchange, announced it is considering a restructuring plan that includes a phased restart of some operations and creditor payouts. This comes less than a month after it declared it would shut down completely, with trading set to end on August 26 and the platform closing by January 31, 2027. The exchange has hired law firm White & Case to guide the restructuring and plans to release a detailed roadmap by September 9. Users have reported withdrawal issues since the shutdown announcement, and the exchange's token BMX has dropped over 86% this year.
Spectrum Brands Holdings remains a buy as its Home & Garden and Global Pet Care segments drive revenue and EBITDA growth with strong volume and pricing. Despite a one-time net income hit, operational momentum and cash flow strength support the positi...
Ondas Holdings is rated Buy due to its triple-digit revenue growth, a strong cash position of $1.4 billion, and a forward price-to-sales ratio of 9.3x to 9.7x. The company targets revenues between $525 million and $550 million by 2026, backed by an $...
Bitcoin price remains steady above $77,000 despite the US Treasury's announcement of new economic sanctions against Iran, described as an "economic D-Day" targeting Iran's financial lifelines. The sanctions have led to a drop in oil prices to $85 per...
PTC Therapeutics is valued at $5.83 billion, driven by rapid revenue growth from its lead product Sephience, which accounts for 63% of its product revenue and is expanding globally. The company also has ST-920, a late-stage gene therapy for Fabry Dis...
A Federal Reserve Bank of Cleveland working paper found that showing U.S. households information about Bitcoin's past returns significantly increased their desire to own crypto, raising desired allocations by about two percentage points, a 47% increa...
