Fomo, a social trading app on Solana, recently posted higher 24-hour revenue than Hyperliquid, a dominant perpetual trading platform in crypto. Although Hyperliquid regularly sees daily revenues in the millions, Fomo's peak near $399K in a day highlights growing user interest in social trading and token swaps on Solana. Fomo's revenue mainly comes from transaction fees on token swaps, with perpetual futures trading added in June 2026. This milestone reflects shifting user behavior in DeFi, where social features and ease of trading are gaining traction alongside established platforms. Fomo's strong growth, backed by a $75M funding round and over 625,000 users, suggests it will continue to challenge traditional DeFi giants.
Toast CEO Aman Narang sold 138,000 shares of the company, raising $4.9 million. This sale comes as Toast's stock price has fallen 24%, signaling potential concerns or profit-taking by insiders. The move may impact investor sentiment and raise questio...
Amazon's stock surged 14% following a better-than-expected earnings report, significantly increasing Jeff Bezos' net worth by $25 billion. The strong financial performance highlights Amazon's continued growth and market strength. Investors are now ev...
A fire broke out at Saudi Aramco's refinery in Jazan, Saudi Arabia, following a reported drone strike by Iran-backed Houthi rebels from Yemen. The Saudi Ministry of Energy confirmed the blaze was extinguished with no injuries, while the Houthis claim...
Palantir's stock rose about 10% following its Q2 earnings report showing revenue of $1.94 billion, a 92.8% increase year-over-year, surpassing analyst expectations of $1.81 billion. Earnings per share came in at $0.41, beating forecasts of $0.34. Ban...
Sui (SUI) has fallen about 68% from its late 2025 high of $2.10 to around $0.69, showing signs of temporary support near $0.65. The key resistance zone between $0.72 and $0.75 must be broken for a bullish reversal, potentially pushing the price to $0...
