Bullish reported Q2 adjusted revenue of $92.6 million, a 62% increase year-over-year, beating Wall Street estimates of $87.4 million. The company posted a net loss of over $280 million, mainly due to a $244.6 million write-down on its Bitcoin holdings amid declining crypto prices. Subscription and services revenue hit a record $62.7 million, offsetting weaker digital asset trading volumes, which fell to $32.6 billion from $58.6 billion the prior year. Bullish projects full-year subscription and services revenue between $225 million and $245 million and is on track to complete its $4.2 billion Equiniti acquisition by early 2027, aiming to integrate blockchain with traditional capital markets.
Ondine Biomedical has suspended trading to raise new investment following successful phase III trial results for its Steriwave nasal disinfection product, which reduced surgical site infections by 40.5%. The funds will support publishing trial result...
Victory Capital Holdings is rated Strong Buy due to robust net inflows, accretive acquisitions, and strong earnings growth. The acquisition of First Eagle is expected to boost 2027 EPS by 35%, increase assets under management to $570 billion, and rai...
Ethereum is trading around $2,680, stuck below a critical resistance zone of $2,710-$2,720, with about 125,000 ETH moved to exchanges signaling increased selling pressure. US spot Ethereum ETF inflows sharply dropped from $269.9 million to $17.1 mill...
The State Street SPDR ICE Preferred Securities ETF (PSK) primarily holds fixed-rate, perpetual preferred securities, making it highly sensitive to interest rate changes and long-duration credit risks. It closely tracks long-term corporate credit ETFs...
The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to expected strong growth in AI infrastructure and overall technology sector outperformance. Despite challenges like inflation and macroeconomic risks, the technology sector, especiall...
