Michael Saylor, chairman of MicroStrategy, declares the traditional 4-year Bitcoin cycle tied to halving and retail demand is over. Bitcoin is evolving into a form of global digital capital driven by large institutional inflows such as spot ETFs, corporate treasuries, sovereign funds, and interbank instruments. This shift marks a move from retail-driven cycles to a more liquid market dominated by balance sheets. Saylor also warns of risks from "paper Bitcoin," emphasizing the need for custodian transparency and proof of reserves to protect investors as Bitcoin's role stabilizes and grows more conservative over the next decade.
Best Buy reported a strong fiscal Q2 2027 with revenue up 3.6% to $9.78 billion and comparable sales rising 4.1%, surpassing expectations. Adjusted diluted EPS increased 15% to $1.47, helped partly by $34 million in tariff refunds. Following these re...
BP, a major global energy company, is actively managing its portfolio by potentially selling oil and gas assets in Egypt to Energean and investing in new projects like a Halliburton contract in Brazil's offshore field. This strategic move aims to enh...
Blockstream has introduced a Bitcoin Improvement Proposal (BIP) called SHRINCS, a post-quantum signature scheme designed to protect Bitcoin from potential quantum computing threats. SHRINCS is already tested on Blockstream’s Liquid sidechain but pres...
Evernorth Holdings received SEC approval for its Form S-4 registration, enabling its merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, making Evernorth the largest pub...
Radiant World, a Singapore-based iron ore trading firm claiming $9.6 billion in revenue, is losing key partners after allegations of invalid invoices surfaced. Major commodity traders like Vitol, Cargill, and Glencore stopped business with Radiant, t...
