MARA Holdings secured $600 million in new loans by pledging 18,750 Bitcoin valued at about $1.2 billion as collateral. The financing came from Coinbase Credit and Two Prime Lending, with rates around 7.5-7.65%, maturing in 2028. MARA plans to use the funds to support its acquisition of Long Ridge Energy & Power and expand into energy, Bitcoin mining, AI, and high-performance computing. This move increases liquidity but also adds margin risk if Bitcoin prices fall, as MARA must maintain collateral ratios or face potential liquidation of pledged BTC.
Amazon's stock surged 14% following a better-than-expected earnings report, significantly increasing Jeff Bezos' net worth by $25 billion. The strong financial performance highlights Amazon's continued growth and market strength. Investors are now ev...
Fomo, a social trading app on Solana, recently posted higher 24-hour revenue than Hyperliquid, a dominant perpetual trading platform in crypto. Although Hyperliquid regularly sees daily revenues in the millions, Fomo's peak near $399K in a day highli...
TowneBank has been upgraded to a Buy rating following its Q2 2026 results, which showed operational improvements such as declining deposit costs, a higher net interest margin of 3.68%, and rising capital ratios. The bank's valuation aligns with secto...
Large XRP holders, known as whales, have purchased over 380 million XRP in a week to maintain the $1 price floor. This move follows a rare monthly buy signal from the Tom DeMark Sequential indicator, which historically predicted major XRP rallies. Th...
U.S. spot Bitcoin and Ethereum ETFs attracted over $1.1 billion in net inflows during the first week of August, indicating renewed institutional interest. Despite this, Bitcoin remains below $65,000 and Ethereum struggles near $1,900, as ETF buying i...
