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.
Spotify reported a 14% year-over-year jump in its paid subscribers to now at 188 million. By Q3 2022, the company expects to take its monthly active users to more than 450 million.
The Fed has acted on its decision to hike interest rates by 75 basis points and now sees its benchmark rate in the 2.25%-2.5% range.
The Fed decision to hike interest rates by 0.75% caused the price of Bitcoin to above $22K following a losing week.
Unlike Robinhood, the exchange said it would not charge commission or trading fees.
Alphabet sees a major drop in the revenue growth for its advertising business due to the unwelcoming macro advertising environment.
Despite strong results, the QCOM stock took a 4% dive as the company hinted at a slowdown for the fiscal fourth quarter which could impact its earnings.
While the US Fed has almost decided on the interest rate hike for this month following the two months of running inflation.
Coinbase, like most other crypto-linked stocks, has seen its values plummet on the back of the recent crypto market crash.
Microsoft expects its revenue for the coming quarter to fall between $49.25 billion and $50.25 billion.
Multinational tech company Alphabet has posted its Q2 2022 report which shows a 13% slowdown in revenue growth.
Coinbase shares dropped by a large margin owing to reports that the exchange will be probed by the SEC for an operational indiscretion.
Based on its Q2 performance, Coca-Cola is now projecting organic revenue growth of 12% to 13%, up from the 7% to 8% it projected earlier.
Leading bank UBS ascribes the less-than-stellar showing in its Q2 2022 report to a challenging period and dwindling client activity.
The e-commerce giant is taking advantage of the new rule change by the Hong Kong Exchange that permits companies to get a double primary listing.
Amid an underperforming crypto and equities market, JPMorgan states that firms such as Coinbase and Robinhood may resort to stock dilution.