The Alger Mid Cap Focus Fund saw positive contributions from Astera Labs, Nebius, and Western Digital, with Nebius benefiting from strong AI computing demand and better-than-expected revenues. Conversely, Insmed, GFL Environmental, and Karman Holdings detracted from performance. Despite short-term challenges, Karman Holdings is viewed positively due to its engineering strengths and defense contracts, suggesting long-term growth potential. The fund outperformed the Russell Midcap Growth index in Q2 2026, reflecting strategic investments in innovation and growth sectors.
Ripple sees a $13 trillion opportunity in the corporate treasury sector for expanding its stablecoin business, leveraging its Ripple Treasury platform acquired through GTreasury. With around 1,200 corporate clients managing cross-border and domestic ...
Bitcoin is losing its status as independent 'digital gold' and is now closely tracking the U.S. stock market, particularly the S&P 500. This growing correlation raises concerns that Bitcoin could face a sharp decline if U.S. equities correct, especia...
Saudi Arabia closed its critical East-West oil pipeline after it was damaged by drones launched from Iraq, causing crude oil prices to rise over 2%. The pipeline, which can carry 7 million barrels per day, bypasses the Strait of Hormuz and has been v...
Bitcoin's traditional four-year cycle, where price bottoms occur 770-900 days after halvings, is showing signs of change. This cycle, Bitcoin reached a new all-time high before the halving, diverging from past patterns. Institutional inflows via spot...
Symbiosis faced a major exploit on its Bitcoin Bridge, where a vulnerability allowed the attacker to mint unbacked syBTC tokens worth a notional $46.1 billion. However, actual losses were limited to about $336,000 as the attacker converted only 4.39 ...
