This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds by FTX and alleged US agency investigations. The Crypto market loses another $100 billion.
Tesla share’s value was expected to decline following the sustained cryptocurrency crash in the past few months.
RBC Capital Markets experts believe that the staff layoff is not the solution to the numerous challenges the company is currently facing.
Adidas reduced its expectations for the full-year traffic trend decline in Greater China.
Following its purchase of Coinbase stock at the end of October, Ark Invest has added an additional 420,949 units of COIN.
Meta is not the only tech firm that has announced layoffs or is contemplating the same.
Following his takeover of Twitter, Elon Musk has sold 19.5 million more Twitter shares worth $3.95 billion.
Marathon Digital noted that the lower production resulted from the previously announced exit from the company’s facility in Hardin, MT, and delays in the initial energization of the King Mountain facility in McCamey, TX.
The TRIP stock came under pressure as the company flagged a slowdown in revenue for Q4. for the ongoing quarter, TripAdvisor expects the revenue to rise in the low-single-digit range from 2019.
Disney added 12.1 million subscribers during this period, pushing their total subscribers to 164.2 million, exceeding analysts’ expectations of 160.45 million.
Cloud-based software company Salesforce resorted to a layoff of a large number of employees amid harsh economic conditions.
Since Tesla’s bid for Twitter, Musk’s net worth has declined by a massive $70 billion. Musk said that his major focus currently is getting Twitter on the right path.
A major highlight of the announcement is the creation of a Digital Twin of the Software Defined Vehicle which will be resident on Google Cloud.
Indonesian e-commerce company Blibli is up 5% following its IPO on the country’s stock exchange Tuesday.
Despite the spec downgrade, there are several indications that suggest that the new chip will be readily accepted by the Chinese market.