LBG Media, owner of Ladbible, saw its shares fall 22.9% after cutting full-year forecasts due to prolonged weakness in advertising revenue caused by changes to Facebook's algorithm and reduced search traffic. Despite a 19% revenue rise to £52.4 million in H1 driven by a 95% jump in direct advertising, indirect revenue fell 41%. Adjusted EBITDA dropped 34% and profit before tax fell 79%. The company now expects full-year revenue of £100-107 million and adjusted EBITDA of £15-20 million, revising down from earlier guidance.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
