Lake Street analyst firm reaffirmed its Buy rating on Quantum Corp. and raised the price target from $20 to $24 following the company's strong Q1 2026 results. Quantum reported a 25.7% revenue increase to $80.8 million and earnings per share of $0.18, significantly beating estimates. Despite supply constraints limiting order fulfillment, demand for Quantum's ActiveScale and tape storage products remains high, supported by improved operational efficiency. This positive outlook reflects strong market interest and financial performance.
NEAR Protocol has introduced Delta League, an open competition inviting developers to submit AI models for testing against a hidden dataset. This initiative aims to foster creativity and collaboration within the developer community by providing verif...
Algorand implemented a mandatory upgrade for all node operators to run algod version 5.0.5 starting November 5. This update focuses on maintaining the network's consensus protocol, which is crucial for the blockchain's security and performance. The u...
The US Senate narrowly failed to advance the CLARITY Act, a key crypto market structure bill, with a 49-50 vote, delaying its passage. With Democrats expected to control both chambers soon, comprehensive crypto legislation is unlikely before the curr...
XRP experienced a $30 million liquidation cascade over five days, trapping its price at $1.1799. This was triggered by a sudden price reversal after initial optimism, causing a long squeeze where overleveraged buyers were forced to close positions, e...
Avis Budget Group experienced a dramatic short squeeze, with its stock price soaring from $100 to $800 before collapsing as institutional holders exited. Pentwater Capital's exit and a $650 million settlement with Avis ended the squeeze and provided ...
