David Schwartz, Ripple's former CTO, sparked renewed debate on how staking rewards should be taxed if XRP Ledger ever adopts native staking. He argued that staking rewards minted by the protocol should not be taxed until sold, likening them to created property rather than immediate income. This challenges current IRS rules that tax proof-of-stake rewards when taxpayers gain control over them. XRP Ledger currently does not support native staking, so the discussion remains theoretical but provides a framework for future tax considerations if staking is implemented.
Xunlei Limited announced a 54.1% year-over-year revenue increase to $98.6 million in Q1 2026, fueled by a 26.2% rise in subscription revenue and an 89.3% surge in overseas audio live-streaming revenue. Gross profit grew 45.8% to $57.7 million, though...
Electrolux Group announced a fully underwritten rights issue of approximately SEK 9 billion, approved by its Board and an Extraordinary General Meeting. The prospectus for this rights issue was approved by the Swedish Financial Supervisory Authority ...
US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflak...
Autohome Inc. announced a decline in net revenues to RMB1,048.4 million (US$152.0 million) in Q1 2026 from RMB1,453.8 million in Q1 2025, primarily due to reduced advertising spending and fewer paying dealers amid shrinking auto sales. Net income att...
CIBC's Board of Directors announced a dividend of $1.07 per common share for the quarter ending July 31, 2026. The dividend will be paid on July 28, 2026, to shareholders recorded by June 29, 2026. This reflects CIBC's ongoing commitment to returning...
