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CoreWeave reports $2.575B Q2 revenue, $104B backlog, and strong demand for older NVIDIA GPUs through 2029.

Market News
12 Aug 2026
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Bullish
CoreWeave reports $2.575B Q2 revenue, $104B backlog, and strong demand for older NVIDIA GPUs through 2029.

CoreWeave's Q2 2026 revenue surged 112% to $2.575 billion with a $104 billion backlog, driven by strong demand for NVIDIA GPUs, including older models contracted through 2029. CEO Mike Intrator highlighted that even 2020-era GPUs are booked at full price years ahead, reflecting robust market demand and CoreWeave's cloud infrastructure advantage. The company expects operating margins to improve to the low teens by Q4 despite heavy capital expenditures, signaling potential long-term sustainability. Investors will watch if CoreWeave can maintain pricing power on older GPUs as newer NVIDIA models enter the market.

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US-listed XRP ETFs surged 17%, doubling XRP token gains, revealing a pricing imbalance without new capital inflows.

US-listed XRP ETFs surged 17%, doubling XRP token gains, revealing a pricing imbalance without new capital inflows.

On September 3, 2026, several US-listed spot XRP ETFs surged by up to 17%, roughly double the 7-8% gain of the XRP token itself. This created a significant pricing imbalance where some ETFs traded at a premium to their net asset value (NAV), driven b...

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Bullish
4 hours ago
Lufax Holding offers a value-driven investment chance amid regulatory challenges and potential capital returns.

Lufax Holding offers a value-driven investment chance amid regulatory challenges and potential capital returns.

Lufax Holding Ltd. presents an investment opportunity based on deep value and potential capital return events, rather than a business turnaround. Despite regulatory pressures and compliance issues impacting its stock, the company's strong balance she...

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Neutral
4 hours ago
Dash jumps 33.6% amid mixed crypto market as Bitcoin dips below $80K

Dash jumps 33.6% amid mixed crypto market as Bitcoin dips below $80K

Dash surged 33.6% to $66.55, leading crypto gainers despite Bitcoin falling 1.2% to $79,716. The broader market showed mixed results with altcoins like NEAR also posting gains, while Bitcoin dominance remained high at 59.1%. The Fear and Greed Index ...

Market News
Bullish
4 hours ago
Ripple inks $5M/year deal to brand University of Florida's stadium with XRP starting 2026 season

Ripple inks $5M/year deal to brand University of Florida's stadium with XRP starting 2026 season

Ripple has signed a multi-year sponsorship with University of Florida Athletics, starting the 2026 football season, featuring XRP branding at Ben Hill Griffin Stadium, known as "The Swamp." The deal, estimated at up to $5 million annually, includes f...

Market News
Bullish
4 hours ago
DASH jumps 17.5% to $56.85 amid privacy coin rally and Grayscale's Zcash ETF growth

DASH jumps 17.5% to $56.85 amid privacy coin rally and Grayscale's Zcash ETF growth

DASH surged 17.5% to $56.85, its highest since May, driven by a rally in privacy coins and Grayscale's spot Zcash ETF surpassing $400M in assets. The token gained about 85% from mid-August lows near $30, supported by bullish technical signals like a ...

Market News
Bullish
4 hours ago
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