Hello Group reported a net income of RMB237.4 million in Q2 2026, reversing a net loss from the same period last year, despite a 5.1% year-over-year decline in total net revenues to RMB2,486 million. The company saw strong overseas revenue growth of 52%, driven by expansion in the Middle East and North Africa, offsetting weaker domestic performance. Hello Group's Momo app maintained steady paying users, while Tantan's user base declined slightly. The company expects Q3 2026 revenues between RMB2.4 billion and RMB2.5 billion, anticipating continued market challenges but growth in overseas markets.
Bitcoin's Spent Output Profit Ratio (SOPR), a key on-chain metric, has broken out of an 11-month suppressed state, signaling a possible shift in the market cycle. This pattern resembles early 2023, which preceded a major Bitcoin rally. The short-term...
KraneShares Public-Private AI & Technology ETF (CHAT) and Roundhill Generative AI & Technology ETF (AGIX) provide broad exposure to the AI ecosystem but differ in holdings and risk profiles. Since AGIX's inception, CHAT has outperformed by about 60%,...
Ondo Finance has formally requested the SEC and CFTC to approve perpetual futures contracts on individual US equities, arguing that current security futures regulations already allow these products without needing new laws. The company’s Panama-based...
Strategic Minerals PLC has signed a definitive agreement to sell its Leigh Creek Copper Mine in South Australia to Cuprum Metals. The deal includes an upfront cash payment of A$750,000, with A$500,000 held in escrow pending regulatory approval, and u...
Diversified Energy Company PLC has agreed to acquire Permian Basin producer Birch for about $1.8 billion, marking its largest acquisition to date. The deal is expected to increase Diversified's production by around 35% and adjusted EBITDA by roughly ...
