BlackRock's publicly traded Ethereum ETF has accumulated more than $1 billion worth of ETH over nine days without any net selling, indicating a strategic, long-term investment rather than speculative trading. The average purchase price was around $3,060 per coin, coinciding with a recent 28% price rise in Ethereum. This steady buying amid a volatile market highlights BlackRock's confidence in Ethereum's potential. Market watchers note this quiet accumulation could signal further gains, but caution that crypto markets remain unpredictable.
Sandisk and Kioxia announced plans to invest over $31 billion in their memory manufacturing facilities in Japan. This investment represents about 60% of what they have spent there over the past 25 years, signaling a major expansion in their productio...
Amazon reported strong Q2 results with AWS growth accelerating to 37% and advertising revenue growing 26%, signaling robust business momentum. The company’s cloud backlog reached $496 billion, and its AI and chip units surpassed $25 billion annualize...
Hyperliquid, a decentralized perpetual futures exchange, has reached an open interest of $13.3 billion, surpassing the combined open interest of the next nine decentralized exchanges. This milestone highlights Hyperliquid's dominant position in the o...
Public Service Enterprise Group (PSEG), a New Jersey-based utility with a $36 billion market cap and about 13,000 employees, has increased its dividend for 15 consecutive years. The company's 10-year dividend growth rate is 4.9%, reflecting steady bu...
XRP is expected to rally in September, defying the usual seasonal crypto market downturn. Historical data since 2018 shows XRP has averaged a 12.19% gain in September, outperforming Bitcoin's typical correction. This bullish outlook is supported by s...
