The American Century U.S. Quality Growth ETF (QGRO) is rated Hold as its strong growth-at-a-reasonable-price (GARP) and quality portfolio traits are overshadowed by its underperformance compared to peers and the broader market. Despite having an attractive growth and quality investment premise, QGRO has lagged behind leading growth ETFs like IWF, SCHG, QQQM, and the S&P 500 ETF (IVV) year-to-date and since a strategy change in May 2023. The fund's portfolio features a low weighted average PEG ratio of 0.68, indicating quality GARP names, but recent results do not justify upgrading the rating from Hold. Investors should remain cautious given the fund's relative underperformance.
Robinhood Chain recorded $2.66 million in application revenue over 24 hours on August 31, temporarily surpassing networks like Ethereum and Base in daily app revenue. This spike was driven mainly by three applications—GMGN, Pons, and Uniswap—which ac...
Ethereum has rallied 34% over the past month, outperforming major cryptocurrencies and trading around $2,440–$2,465. Analyst Tom Lee projects Ethereum could reach $6,000 if Bitcoin climbs to $150,000 by the end of 2026, driven by a rising ETH/BTC rat...
Robinhood Chain, an Ethereum Layer 2 built on Arbitrum Orbit, generated $2.66 million in app revenue in 24 hours, surpassing Ethereum's $1.27 million and Hyperliquid's $1.7 million. Most revenue came from memecoin trading platforms GMGN and Pons, ind...
Zcash developers introduced Zakura Common, a new cryptographic software stack that drastically speeds up private transactions, reducing wallet transaction construction time from over three seconds to under 200 milliseconds in some cases. This improve...
Cronos paused its entire blockchain following a $75 million exploit targeting Tectonic, its largest decentralized lending protocol. The attacker manipulated the price of Tectonic's native token, TONIC, inflating it drastically to borrow valuable asse...
