Ethereum's price jumped over 7% to $2,619 following the US August inflation report, signaling strong upward momentum. Fundstrat co-founder Tom Lee, whose company Bitmine Immersion Technologies holds nearly 5% of global ETH supply, predicts a massive "face-ripper" rally. The rally was triggered by inflation data slightly exceeding expectations, causing short sellers to liquidate positions and capital to flow into risk assets. Bitmine's weekly ETH purchases have tightened supply, intensifying the price rebound and challenging skeptics holding cash.
Several U.S.-listed stocks saw significant drops on Friday, led by the Daily Target 2X Long OKLO ETF (OKLL), which fell 18.38% due to amplified losses in Oklo Inc. shares. CPI Card Group (PMTS) declined 16.48% following a discounted secondary share o...
MKDWELL surged nearly 52% after disclosing its acquisition of Landvision Inc., an AI smart-home company, despite shareholder dilution. ACV Auctions rose over 44% following its $1.9 billion acquisition agreement by Copart, Inc. Frequency Electronics j...
Argus Research increased its price target for NetApp to $225, citing a 13.5% potential upside from the current price of $198.18. NetApp reported strong fiscal Q1 2027 results with revenues up 29.9% to over $2 billion and non-GAAP EPS rising 66.5% to ...
US Treasury yields reached a three-year high of 4.97% last week despite the Treasury's $5.1 billion bond buyback, signaling rising borrowing costs amid a $40 trillion national debt. The government now spends over $1 trillion annually on debt servicin...
Tokenized stocks on the Solana blockchain reached a record $684 million in value, driven by $348-$354 million in real-world asset inflows over the past month. Notably, the Solana-based GRND token for Grindr shares traded $31 million in 24 hours, surp...
