Bitwise Asset Management reduced its global workforce by about 14%, from 180 to 155 employees, due to prolonged low digital asset prices. Despite the cut, the company maintains its largest-ever staffing level and continues managing $9 billion in assets, including a $2.3 billion Bitcoin ETF. CEO Hunter Horsley highlighted that the move aligns costs with current market realities while positioning Bitwise for growth as cryptocurrency adoption expands. The firm also completed the acquisition of Chorus One to diversify its offerings amid ongoing industry challenges.
The iShares North American Natural Resources ETF (IGE) offers a focused portfolio heavy on oil and gas with strong value traits and favorable macroeconomic conditions. However, it consistently underperforms compared to peer ETFs in both long-term and...
RLX Technology reported a 14.8% increase in Q2 2026 revenues to RMB1.01 billion, driven by international expansion and a recent acquisition. Gross margin improved to 35.4% due to better revenue mix and supply chain efficiencies. The company acquired ...
Banco do Brasil reported weak 2Q26 results, showing that while the credit quality of its Agribusiness loan portfolio is stabilizing, credit problems have shifted to the Individuals segment. The bank's headline profit appeared better, but underlying c...
Solana is set to launch its Alpenglow upgrade, which aims to reduce transaction finality time from about 12.8 seconds to roughly 150 milliseconds. This upgrade enhances the network's ability to confirm that transactions cannot be reversed much faster...
Reddit stock has dropped over 22% since early July, making it an attractive buy ahead of its scheduled inclusion in the S&P 500 index on August 18, 2026. This inclusion typically triggers automatic fund buying and significant price spikes, as seen wi...
