Trump Media & Technology Group transferred 2,650 bitcoin worth about $205 million to Crypto.com, deepening concerns over its cryptocurrency strategy. The company originally bought 11,542 bitcoin at an average price of $118,522 but now faces unrealized losses of roughly $455 million as bitcoin trades far below that price. This move follows the withdrawal of its spot bitcoin ETF application and comes amid significant financial pressure, including a first-quarter net loss of $405.9 million on just $871,200 in revenue. The company's aggressive crypto investments continue to weigh on its financial health and raise questions about its future in the crypto market.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
