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Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity
By Steve Muchoki
• 3 mins read
The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet.
Lucid Misses Wall Street Expectations on Q2 2023 Financial Results, LCID Shares Up 3% After Hours
By Steve Muchoki
• 3 mins read
Lucid announced revenue of $150.9 million in Q2 2023 driven by customer deliveries of 1,404 electric vehicles.
Palantir Meets Analysts’ Expectations in Q2 2023 Results, PLTR Shares Up 2.67%
By Steve Muchoki
• 3 mins read
Palantir Technologies announced a 13 percent increase in Q2 2023 revenue to $533 million and also reported its third consecutive quarter of GAAP profitability.
OPNX Offers $30M Bailout on Distressed Crypto Firm Hodlnaut in FLEX Tokens
By Steve Muchoki
• 3 mins read
The OPNX exchange would own approximately 75 percent of the Hodlnaut exchange if the deal is approved by the court.
Google-parent Alphabet Offloads 90% Stake in Robinhood, HOOD Shares Drop 7%
By Steve Muchoki
• 3 mins read
Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company.
Coinbase-backed Base Set August 9 for Mainnet Launch after Successful Test with Dapp Developers
By Steve Muchoki
• 3 mins read
To celebrate the launch of Base mainnet, Coinbase announced Onchain Summer will kick off on August 9 with over 50 leading brands led by Coca-Cola, Atari, and OpenSea.
Coinbase (COIN) Stock Dips 1% after Beating Analysts’ Expectations But Reporting Narrower Loss in Q2 2023
By Steve Muchoki
• 3 mins read
Coinbase told shareholders that it is working towards improving its adjusted EBITDA in absolute dollar terms versus full-year 2022 as it navigates the uncertainty of regulatory scrutiny.
Bloomberg Analysts Raise Estimates for Spot Bitcoin ETF Approval in US to 65% by EoY
By Steve Muchoki
• 3 mins read
The US SEC is under pressure from several institutional investors – including BlackRock, Fidelity, WisdomTree, and Valkyrie – to approve a spot Bitcoin ETF.
Qualcomm Announces Mixed Fiscal Q3 2023 Results, QCOM Shares Drop Nearly 7%
By Steve Muchoki
• 3 mins read
Qualcomm earnings beat analysts’ expectations but revenue and guidance for the fourth quarter fell short of their forecast.
Brad Garlinghouse Slams US SEC for Using XRP Quarterly Reports against Ripple in Lawsuit
By Steve Muchoki
• 3 mins read
Ripple announced the recent ruling has pushed it to shift its approach to XRP market transparency, particularly on the escrow holdings.