Copart's stock is under pressure following a Barclays analyst downgrade to a $26 price target and significant insider selling by a company director. The company faces a securities fraud investigation after CEO Jeff Liaw's resignation, which caused an immediate stock price drop. Copart's shares have hit a 52-week low and underperformed its sector, with analysts expecting a slight decrease in earnings per share next quarter. Investors are closely watching upcoming earnings for further signals on the company's outlook.
Bitcoin's circulating supply has reached about 20.07 million coins, leaving roughly 929,465 BTC yet to be mined under its 21 million cap. Due to programmed halving events every four years, the block reward halves, slowing new coin issuance until it e...
SK Hynix has approved a $38 billion investment to build new memory fabrication plants. However, these new fabs are not expected to produce any chips before December 2028, indicating a long-term expansion plan. This move highlights SK Hynix's commitme...
The Valkyrie Bitcoin Miners ETF (WGMI) has risen 97% over the past year despite bitcoin falling 46%, due to its holdings shifting from traditional bitcoin mining to AI leasing deals. Companies like Riot, Core Scientific, and IREN have signed multi-bi...
Roman Storm, co-founder of Tornado Cash, contested his 2025 conviction for conspiracy to operate an unlicensed money-transmitting business by highlighting the widespread misuse of AI tools like ChatGPT and Google Gemini by sanctioned actors. He argue...
Tether completed a clean audit of its 2025 financials by KPMG, easing concerns about its reserves. An Ethereum wallet moved 2,680 ETH after 11 years, highlighting old investors' activity. Bitcoin could drop to $50,000 before rising to $1 million, acc...
