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Tinder co-founder buys $2M in American Bitcoin stock despite $59M quarterly loss

Market News
07 Aug 2026
Crypto Briefing
View Source
Neutral
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Justin Mateen, co-founder of Tinder and director at American Bitcoin Corp, purchased 1.8 million shares worth nearly $2 million at about $1.03 each, shortly after the company reported a $59 million loss in Q4 2025. The loss was mainly due to Bitcoin price volatility affecting accounting valuations, not actual sales. Mateen also received restricted stock units that vest in 2027, aligning his interests with the company's future performance. American Bitcoin, partly owned by the Trump family, combines Bitcoin mining with direct Bitcoin purchases, holding over 8,000 BTC in its treasury as of August 2026.

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Allianz posts record operating profit but net income falls short of expectations

Allianz posts record operating profit but net income falls short of expectations

Allianz reported a record operating profit of €4.87 billion in Q2 2026, a 10.6% increase year-over-year, driven by strong asset management and life and health segments. Despite this, shareholders' core net income declined by 8.7% to €2.60 billion, mi...

Company Fundamentals
Neutral
4 hours ago
Quantum Corp faces losses and liquidity risks ahead of August 10 earnings report.

Quantum Corp faces losses and liquidity risks ahead of August 10 earnings report.

Quantum Corporation is set to report earnings on August 10, 2026, with analysts expecting a loss of $0.15 per share and revenue of $75.05 million. The company shows signs of financial strain, including a negative price-to-earnings ratio of -1.45 and ...

Company Fundamentals
Bearish
4 hours ago
Solana, Shiba Inu, XRP, and Cardano show mixed crypto recovery signals amid ongoing market pressure.

Solana, Shiba Inu, XRP, and Cardano show mixed crypto recovery signals amid ongoing market pressure.

Solana remains in a fragile consolidation phase around $74, struggling to break resistance near $79 and $90, indicating a continued negative trend. XRP faces a persistent downtrend with declining volumes and support near $1.00, lacking strong buyer m...

Technical Signals
Neutral
4 hours ago
Armory Mining secures option to acquire 100% interest in Happy Creek mineral claim in British Columbia.

Armory Mining secures option to acquire 100% interest in Happy Creek mineral claim in British Columbia.

Armory Mining Corp. has entered an option agreement to acquire a 100% interest in a 1,174-hectare mineral claim in Happy Creek, British Columbia, an area known for tungsten and molybdenum occurrences. The property lies near Fox Tungsten Ltd.'s projec...

Company Fundamentals
Bullish
4 hours ago
Bitcoin and Ether ETFs gain $220M as Blackrock leads inflows for the fourth day straight

Bitcoin and Ether ETFs gain $220M as Blackrock leads inflows for the fourth day straight

Bitcoin ETFs saw $128.69 million in inflows on Thursday, marking the fourth consecutive day of gains, led by Blackrock's IBIT fund. Ether ETFs added $92.15 million, with Blackrock's ETHA attracting the majority of new capital, reflecting strong insti...

Market News
Bullish
5 hours ago
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