USDT trading volume on Binance P2P in Venezuela reached $1.4 billion between mid-June and mid-July, averaging $44 million daily. This volume is comparable to 88% of the country's foreign exchange sales and about 75% of its monthly oil exports, highlighting Binance's growing role in Venezuela's currency market amid limited traditional forex supply. While USDT users globally are rapidly increasing, crypto speculation continues to influence market supply, with recent declines in transfer volumes and market supply linked to broader crypto downturns. The future volume on Binance P2P may decrease if Venezuela's central bank increases forex availability through traditional channels.
Shield Therapeutics has agreed to take full commercial control of its oral iron therapy ACCRUFeR in the US from Viatris starting September 30, without any upfront payment. Instead, Shield will pay reduced royalties on US sales over five years. This m...
Autohome reported Q2 2026 results in line with expectations but faces significant challenges due to declining auto sales and reduced dealer advertising budgets in China. Its traditional vertical advertising model is under pressure from alternative pl...
Bread Financial Holdings, formerly Alliance Data, is a U.S. financial services firm specializing in consumer payment and lending solutions. It maintains a strong financial position with a Tier 1 capital ratio near 14% and BB credit ratings, funding i...
BlackRock has purchased over $3.1 billion worth of Bitcoin and Ethereum in just eight days, acquiring 22,722 BTC and 385,633 ETH. This surge in buying coincides with a strong recovery in the broader cryptocurrency market. BlackRock's crypto funds, in...
Marvell Technology reported Q2 earnings and revenue above Wall Street expectations, with data center revenue up 46% year-over-year to $2.17 billion, driven by robust AI-related bookings. Despite this, shares fell 8% in premarket trading as investors ...
