Crypto stocks including Coinbase, MicroStrategy, and Circle showed varied premarket movements following a closed-door Senate hearing on cryptocurrency legislation in the US. Coinbase opened near a key technical resistance level, potentially boosting bullish confidence. MicroStrategy remains weak under $100, reflecting skepticism about its Bitcoin borrowing strategy. Circle bounced from support levels and may gain from investor interest ahead of its August earnings call. These developments highlight cautious market reactions to regulatory discussions and upcoming earnings events.
In June, President Donald Trump disclosed more than 1,000 financial transactions involving stocks, bonds, and ETFs, indicating a broad reshuffling of his investment portfolio. His transactions ranged between $78.1 million and $263.1 million, with pur...
Profusa, Inc. saw its stock fall 28% following a wider Q2 net loss of $8.8 million and a 1-for-4 reverse stock split. The company disclosed convertible exchange agreements and borrowed $650,000 for working capital, raising investor concerns about its...
The GraniteShares 2x Long COIN Daily ETF (CONL), which aims to deliver twice the daily percentage move of Coinbase stock, has lost about 85% year-to-date. This steep loss highlights the risks of leverage, daily compounding, and volatility in single-s...
Cryptocurrency stocks like Strategy, Bitmine Immersion Technologies, and Coinbase rose significantly due to a $3.3 billion short squeeze in leveraged crypto bets, mostly on Bitcoin and Ethereum. Bitcoin jumped 10% and Ethereum 18%, marking the larges...
Bitcoin surged past $69,000, briefly touching $70,000 for the first time since June, driven by a broad rally in cryptocurrencies including Ether, Solana, XRP, and Dogecoin. The rally was boosted by the US Treasury's plan to double long-dated bond buy...
