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.
Facebook stock has dropped 3.30%, 8.84%, and 2.82% in the past three months, one month, and five days respectively through Monday’s pre-market.
To make its bond interest payments, Chinese realtor Evergrande Group raised $5.1 billion by selling a 51% stake to Hopson Development. Asian markets remained under pressure as a result of this matter on Monday trading.
The proposed IPO plan by Volvo is arguably one of its long list of strategic goals to power the capital injection that will fuel its switch to electric car production in the coming years.
Bloomberg’s senior ETF strategist notes that there are high chances of Bitcoin ETF approval in the US this month. It looks like this could be a major trigger to the next bull run.
The company plans to apply for Emergency Use Authorization (EUA) with the US FDA based on the findings of the trial and there are also plans to submit marketing applications to other regulatory bodies worldwide.
In the financial year that ended in March 2021, the company reported a loss of $528 million on a total income of $600 million.
Inflation fears stemming from the broader global markets are weighing heavy on European stock markets. Other world’s markets are also falling.
Five9’s decision to call off the acquisition is quite unusual considering the fact that Zoom, just last week, had reiterated that the deal was still expected to be finalized during the first half of 2022.
Both Dow Jones and S&P 500 had it extremely rough as September drew to a close, showing evidence that US stocks performed poorly.
Affirm plans to soon enter into crypto buying and selling services, however, it hasn’t defined the timeline when it will start the process.
Following yesterday’s notable gains, Dollar Tree shares are up approximately 9.40% in the past year.
Wall Street remains jittery as bond yield continues to drag the tech stocks to the south. On the other hand, the fears of a potential US debt default weigh around.
KeyBanc kept its overweight rating on the Netflix stock and said that the company’s content slate is resonating with subscribers.
Apple stock has gained approximately 22.5%, 7%, and 3.61% in the past year, YTD, and three months respectively through Tuesday.
The report attributed a large part of growth to the launch of VC and crypto hedge funds between 2017 and 2018 which subsequently saw the total AUM of crypto funds nearly double year-over-year from 2019 to 2020.