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.
U.S. based pharmaceutical giant Amgen wins Appeal Court ruling upholding the patent of its drug Enbrel, Amgen (AMGN) stock jumped by 8% yesterday.
Pinterest (PINS) stock closed yesterday at $23.28 after adding 5.05% and in the pre-market is 2.71% up. The spike was attributed to the news that Facebook wants to shut down its Hobbi app.
The District of Columbia becomes the fourth jurisdiction after New York City, North Carolina, and Nebraska that will accept digital currency payments. It’s a huge move to crypto adoption.
Tesla (TSLA) stock prices are at an all-time high. Meanwhile, Elon Musk is on course to become one of the highest-paid CEOs in the auto industry.
FedEx surprises Wall Street with better-than-expected Q2 results despite the coronavirus pandemic strike. The major crash in the company’s B2B services was offset with the strong growth in B2C services.
While Tesla has exceeded Toyota on market value, it is still falling behind the Japanese company by a wide margin on actual car production. Tesla stock closed at $1,119.63 on July 1. After-hours, it added another 1.55% to reach $1,137.00.
Online video streaming demand has surged in India amid the novel coronavirus-induced lockdown, and Netflix is benefitting from the change despite its premium pricing structure. NFLX stock is in the green.
The stock market continues to stay hopeful with new developments in COVID-19 drug vaccines and strong U.S. manufacturing activity for the month of June.
Following the positive news, Pfizer and BioNTech shares managed to jump 5% and 2.2% accordingly on Wednesday. PFE closed with a 3% rise while BTNX lost 4%.
The market capitalization of Tether (USDT) has grown to $10 billion. This puts the cryptocurrency token at third place behind Bitcoin (BTC) and Ethereum (ETH).
Following Tesla’s progressive growth, TSLA stock now has all chances of being included in S&P 500. This has become known from a leaked email.
The stock of Inovio Pharmaceuticals is down 23% now despite the company’s announcement of a positive result from its INO-4800 clinical trials.
Growing instant messaging and VoIP startup, Discord has secured a $100 million venture capital funding from Index Ventures. Now it is valued at $3.5 billion.
With more number of businesses leaning towards Apple products, JAMF saw its revenue jumped 37% from the previous year, it was $60.4 million during the first quarter of 2020.
While in Q2 2020 the stock markets have managed to rebound considerably well after a major correction in Q1 2020, the Fed Chairman and Treasury Secretary warned that failing to control the rising COVID-19 cases can put major pressure on the U.S. economy.