Bitget CEO Gracy Chen stated that the US government is unlikely to start buying Bitcoin for its strategic reserve within the next two years. The existing reserve mainly holds Bitcoin obtained through forfeiture, and any active purchase program would require significant policy changes and political debate, including budget-neutral funding strategies. The current executive order prohibits selling reserve Bitcoin but does not authorize new purchases, limiting market supply but not creating demand. Congressional approval would be needed for any large-scale Bitcoin acquisition program, keeping the reserve's future uncertain for investors.
XPeng Inc., a Chinese electric vehicle maker, is preparing to release its Q2 2026 earnings report with analysts expecting a loss of $0.06 per share but revenue of $3.02 billion. The company competes with Tesla, Nio, and Li Auto in the smart EV market...
Hunting PLC reported a 6% revenue decline to $497 million and a 12% drop in EBITDA to $62.1 million for H1 2026. Strong performance in the Subsea and Perforating Systems segments partially offset weaker results elsewhere. The company lowered its 2026...
PDD Holdings Inc. will report its Q2 2026 earnings on August 24, with expected EPS of $2.72 and revenue around $16.94 billion. Despite recent stock gains, analysts have mixed views, including an Underperform rating from BNP Paribas and a downgrade by...
Standard Chartered and HSBC have successfully completed the first interbank transaction using Swift's blockchain-based ledger, marking a significant step in cross-border payments. This transaction demonstrated how tokenized deposits can be issued, tr...
Flowra has introduced the Open Orderflow Auction (OOA) for Solana, enabling competitive bidding for transaction inclusion and increasing validator control with a new Programmable Block Policy. This system opens up transaction ordering to more partici...
