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.
Open has attained unicorn status after concluding a Series D funding round led by Indian diversified financial services company IIFL.
All three major US stock indices witnessed heavy selling in April 2022 amid concerns about the Fed’s hawkish move in monetary policy tightening.
TikTok is valued at about $140 billion but it wields a very massive control over the global social media ads market which is expected to grow to beyond 20% this year and close to 25% by 2024.
Although Amazon showed a net operating loss during the first quarter, its cloud business showed strong growth providing some cushion to the company’s overall declining revenue.
Intel’s Client Computing Group saw a lower than expected revenue which came in at $9.29 billion.
The company did not announce any guidance for the coming quarter.
NASDAQ futures, as well as futures of other US leading indexes fell after discouraging earnings reports from tech companies.
Musk also lost over $20 billion from his net worth this week after Tesla stock declined 12% on 26th April.
Robinhood Chief Financial Officer Jason Warnick noted that the macroeconomic environment affecting customers has an impact on the company’s Q1 2022 financial performance.
Shortly after Elon Musk’s buyout, Twitter posted Q1 2022 earnings report revealing a 16% increase in revenue and 15.9% increase in mDAUs.
The CFTC is looking to discuss and decide on a direct clearing proposal from FTX.US. However, the CME wants to be part of the decision.
Compared to the 2021 Q1, PayPal spiked 13% to $323.05 billion in its total payment volume for the last quarter.
The Microsoft (MSFT) deal with Activision Blizzard is expected to close before July 2023.
Qualcomm reported a healthy set of numbers for the quarter ending March with its smartphones chip sales growing 56% year-over-year.
According to Barclays, its Q1 2022 earnings report was impacted by a number of factors, including inflation and operational bottlenecks.