The digital credit market experienced a significant intraday selloff as investors who had leveraged positions in high-yield crypto-linked credit products hurried to unwind their trades. This sharp decline highlights the risks associated with leverage in volatile crypto markets and could lead to further instability. Investors should watch for potential ripple effects across related crypto assets and credit products in the coming days.
Reinsurance Group of America (RGA) has been upgraded to a 'buy' rating following robust financial and underwriting performance. The company's focus on long-duration life and pension risks, along with strong claims experience and medical advancements,...
Midnight's NIGHT token surged about 100% in a week to $0.05, boosting its market cap to around $800 million as the network advances private smart contracts and tokenized bank deposits. Developers gained easier access to mainnet smart-contract deploym...
Dell Technologies reported record Q2 revenues with a 160% increase in non-GAAP operating income and a 43% earnings per share surprise, driven by strong operational discipline and margin strength. AI server orders surged 988% year-over-year, with back...
OKB token traded around $120.25 with minimal weekly price change, reflecting a quiet market. The key development is a nearly 10% drop in deposits on X Layer, the Ethereum scaling chain powered by OKB, falling from $186.9 million to $168.3 million sin...
The U.S. Securities and Exchange Commission (SEC) has reportedly approved the first 3x leveraged Bitcoin and Ethereum exchange-traded funds (ETFs) for listing and trading on a U.S. exchange, marking the highest leverage ratio cleared for crypto ETFs ...
