Xiao-I Corporation announced it will change its American Depositary Shares (ADS) ratio from 1 ADS representing 60 ordinary shares to 1 ADS representing 420 ordinary shares, effectively a 1-for-7 reverse ADS split. This change will take effect on September 8, 2026, with ADS trading continuing under the same ticker, AIXI, on Nasdaq. Ordinary shares remain unaffected, and ADS holders do not need to take any action as the exchange will be automatic. Fractional ADSs will be sold and proceeds distributed to holders. This move aims to adjust the ADS structure without impacting the underlying ordinary shares.
Bitcoin surged past $81,000, gaining nearly 6% in 24 hours as it broke out of a consolidation pattern and reclaimed its 50-week moving average. This breakout forms a bullish flag pattern, suggesting potential further gains toward $90,000 and a conser...
Market analyst Mickle suggests XRP is undervalued and could see a sharp repricing due to Ripple's increased visibility among US policymakers and reduced regulatory uncertainty. Ripple's CEO's proximity to key US officials signals growing credibility ...
In the quarter ending June 30, 2026, Calamos Convertible & High Income Fund achieved a 24.62% increase in net asset value (NAV) and a 28.01% rise in market price. The fund's strong performance was driven by strategic security selection and an overwei...
Cardano (ADA) traded sideways as investors gauge if it can gain momentum for a sustained recovery. Despite subdued price action, Cardano's community ranks ninth in bullish sentiment on CoinMarketCap, reflecting optimism even though ADA remains below ...
Bitcoin surged 4.3% to $81,069, briefly surpassing $82,000 for the first time in months, driven by Federal Reserve Governor Waller's indication of maintaining current interest rates. This eased fears of rate hikes, lowering US Treasury yields and boo...
