Webull reported a robust first quarter with 36% revenue growth to $159.9 million and record trading volumes, including a 104% increase in equity notional volume. Despite a net loss of $21.7 million due to increased expenses in marketing, share-based compensation, and global expansion, the platform saw a 90% rise in customer assets to $24 billion and 15% growth in registered users. Webull is advancing AI tools and expanding internationally, now licensed across the European Economic Area, aiming to enhance its active trader offerings and institutional partnerships. The company remains focused on innovation and scaling its platform globally amid a challenging market environment.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
