Fidelity has updated its $898 million Fidelity Ethereum Fund to include Ethereum staking, allowing the fund to stake up to 100% of its ETH under normal conditions while retaining enough for liquidity. The fund will keep 85% of staking rewards after fees, using them first to cover expenses before distributing quarterly cash payouts to shareholders. Fidelity plans to start staking soon after regulatory approval, working with node operators like Blockdaemon and Galaxy Digital. This move follows new IRS tax guidance that facilitates staking within investment trusts without affecting their tax status.
The iShares North American Natural Resources ETF (IGE) offers a focused portfolio heavy on oil and gas with strong value traits and favorable macroeconomic conditions. However, it consistently underperforms compared to peer ETFs in both long-term and...
RLX Technology reported a 14.8% increase in Q2 2026 revenues to RMB1.01 billion, driven by international expansion and a recent acquisition. Gross margin improved to 35.4% due to better revenue mix and supply chain efficiencies. The company acquired ...
Banco do Brasil reported weak 2Q26 results, showing that while the credit quality of its Agribusiness loan portfolio is stabilizing, credit problems have shifted to the Individuals segment. The bank's headline profit appeared better, but underlying c...
Solana is set to launch its Alpenglow upgrade, which aims to reduce transaction finality time from about 12.8 seconds to roughly 150 milliseconds. This upgrade enhances the network's ability to confirm that transactions cannot be reversed much faster...
Reddit stock has dropped over 22% since early July, making it an attractive buy ahead of its scheduled inclusion in the S&P 500 index on August 18, 2026. This inclusion typically triggers automatic fund buying and significant price spikes, as seen wi...
