ARK Invest, led by CEO Cathie Wood, holds billions in Bitcoin as part of its strategic reserve, viewing it as a store of value and hedge against inflation. The firm believes Bitcoin's limited supply, growing acceptance, and similarity to gold make it a strong long-term investment. Wood expects Bitcoin's price to surge, potentially reaching $1 million, driven by institutional adoption and regulatory clarity. This outlook highlights Bitcoin's rising role as a modern safe-haven asset amid global economic concerns.
Reinsurance Group of America (RGA) has been upgraded to a 'buy' rating following robust financial and underwriting performance. The company's focus on long-duration life and pension risks, along with strong claims experience and medical advancements,...
Midnight's NIGHT token surged about 100% in a week to $0.05, boosting its market cap to around $800 million as the network advances private smart contracts and tokenized bank deposits. Developers gained easier access to mainnet smart-contract deploym...
Dell Technologies reported record Q2 revenues with a 160% increase in non-GAAP operating income and a 43% earnings per share surprise, driven by strong operational discipline and margin strength. AI server orders surged 988% year-over-year, with back...
OKB token traded around $120.25 with minimal weekly price change, reflecting a quiet market. The key development is a nearly 10% drop in deposits on X Layer, the Ethereum scaling chain powered by OKB, falling from $186.9 million to $168.3 million sin...
The U.S. Securities and Exchange Commission (SEC) has reportedly approved the first 3x leveraged Bitcoin and Ethereum exchange-traded funds (ETFs) for listing and trading on a U.S. exchange, marking the highest leverage ratio cleared for crypto ETFs ...
