US spot Bitcoin ETFs experienced significant outflows totaling $265.4 million on July 31, with BlackRock's iShares Bitcoin Trust (IBIT) accounting for nearly half at $122.7 million. This reversed a brief inflow trend seen just a day earlier. Despite the outflows, IBIT remains strong with $46.52 billion in assets and 739,066 BTC. The trend of quarterly outflows has persisted for three consecutive quarters, raising concerns about potential selling pressure if outflows continue, which could impact Bitcoin prices and ETF asset values in the coming months.
Alkermes plc's drug ALKS7290 demonstrated significant improvement in ADHD symptoms in a Phase 1b trial, with patients showing a 14- to 19-point gain on a 54-point scale within two weeks. This outperforms typical placebo effects, which range from 6 to...
Morgan Stanley upgraded NNN REIT from Neutral to Overweight due to its stable income and strong financial health. The REIT boasts a 99.1% occupancy rate and 97.5% fixed-rate debt, ensuring steady rental income and protection against interest rate hik...
Kraken's parent company, Payward, announced plans to offer perpetual futures on the Hyperliquid blockchain via the regulated Bitnomial exchange in the U.S., driving the HYPE token price close to $100. However, this plan is still a proposal awaiting r...
Bank of America lowered its price target for United Parcel Service (UPS) to $108 from $115, maintaining a Neutral rating due to weaker domestic package volumes, especially a sharper-than-expected drop in Amazon shipments. The broker reduced its 2026 ...
Wolfspeed is expected to see a 2-3x increase in value if its business stabilizes, driven by growth in its Mohawk Valley 200 mm Power/Devices segment. The company is achieving double-digit quarterly growth in Power/Devices revenue, which offsets decli...
