The Consumer Staples sector fell 1.46% on Monday, experiencing its worst day of the month. This drop followed a shift from an overbought close to below the 50-day moving average (50-DMA), a pattern not seen since June 2020. The percentage of stocks in the sector trading above their 50-DMAs fell significantly from 82.4% to 52.9%. Among sectors closing lower, only Communication Services performed slightly worse. This decline indicates weakening breadth in the sector, with more stocks declining than advancing, which may signal caution for investors.
AMD CEO Lisa Su announced that the company's server revenue is projected to grow by more than 80% in the current half-year period. This growth estimate specifically excludes revenue from AMD's AI accelerator business, highlighting strong demand in ot...
Uniswap's total value locked (TVL) on the Robinhood Chain recently surged to $100 million, doubling over the past month. This growth reflects increasing liquidity and capital inflows, strengthening Uniswap's fundamentals despite a weaker market price...
BlackRock's iShares Bitcoin Trust (IBIT) attracted $143.57 million in net inflows in one day, reinforcing its dominance in the US spot Bitcoin ETF market. Since its launch in early 2024, IBIT has captured about 81% of all spot Bitcoin ETF inflows, wi...
BlackRock reported that despite Bitcoin's drop of over 50% from its October 2025 record high to below $60,000 in June 2026, the asset manager's long-term investment thesis remains intact. The decline was attributed to excessive leverage, weaker insti...
VanEck reports that eight of its 12 Bitcoin capitulation indicators were active as of August 12, signaling late cycle stress in the market. Despite a 49% drop from Bitcoin's October peak, institutional demand via U.S. spot Bitcoin ETPs remains strong...
