US military strikes targeted naval facilities in Bandar Abbas, Iran, killing two and wounding eight, escalating tensions near the strategic Strait of Hormuz. This military action caused Bitcoin to briefly fall below $73,000 as crypto markets reacted with increased volatility and liquidations. The strikes are part of a broader US campaign against Iranian ports, impacting both physical and digital assets linked to Iran. Traders should watch for ongoing geopolitical risks and sanctions enforcement affecting crypto and energy markets.
Swiss bank UBS significantly increased its exposure to BlackRock's iShares Bitcoin Trust (IBIT) in Q2 by raising call option holdings 24-fold to 1.95 million shares and increasing direct IBIT shares by 12% to 407,890. Meanwhile, its put option exposu...
HIVE Digital Technologies reported a 73.5% year-over-year revenue increase to $79.1 million in Q1 FY2027, fueled by higher Bitcoin production and expanding high-performance computing (HPC) services. The company received 1,004 Bitcoin rewards, a 147% ...
AMD revealed a $565 million stake in SpaceX following its June IPO, despite SpaceX's decision to use Nvidia chips exclusively for its AI infrastructure. While Nvidia's investment aligns with its chip supply role, AMD's smaller stake appears to be a f...
KeyCorp reported strong second-quarter results, with net interest income rising 10% and an improved preferred dividend coverage ratio of 7%. The bank's aggressive share buyback program, exceeding $700 million in the first half of the year, has reduce...
Cisco Systems and Broadcom both posted strong quarterly results driven by AI infrastructure demand but took different approaches. Cisco's growth came from enterprise networking upgrades, with AI orders surpassing $9 billion for the year and a broad c...
