Bitcoin open interest fell 25% to $23.2 billion, its lowest since early April, while Ethereum's dropped 13% to $9.8 billion, the lowest since March. This decline followed a sharp selloff in late May and early June that forced many leveraged traders out of their positions, adding selling pressure and accelerating price drops. The reduction in open interest signals a clearing of speculative leverage, which historically helps stabilize the market and reduces the risk of cascading selloffs in the near term. With fewer leveraged positions open, the crypto market may see a calmer trading environment moving forward.
Medtronic reported adjusted earnings of $1.55 per share, slightly above estimates, and revenue rose 9.9% year-over-year to $9.81 billion, driven by strong cardiovascular segment growth. BTIG upgraded Medtronic from Neutral to Buy, citing accelerating...
The global market for non-invasive blood glucose monitoring devices, which measure blood sugar without needles, is projected to grow from $34.86 million in 2024 to $340.49 million by 2034, at a CAGR of 25.6%. Growth is fueled by the increasing diabet...
IBM has formed a strategic partnership with Google Cloud to accelerate AI adoption across industries like banking, retail, and telecom by launching a joint Google Cloud Practice. The collaboration aims to help customers deploy and manage AI at scale ...
DelveInsight reports over 12 companies developing IgE receptor antagonists for allergic conditions like asthma and chronic urticaria. Key drugs such as ADL-018 and LP-003 are in late-stage trials, showing promise against existing treatments like Xola...
REalloys has invested $20.6 million in the Saskatchewan Research Council's rare earth processing facility, gaining exclusive rights to up to 80% of its expanded heavy rare earth output, including critical metals like dysprosium and terbium. This move...
