Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
It now remains unclear what company Apple will seek as its next partner on the Apple Car.
Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.
As investors await the launch of Ether futures contracts from the Chicago Mercantile Exchange in the coming week, ETH continues to pull in constant gains.
Kuaishou managed to raise $5.32 billion equivalent to 41.28 billion Hong Kong dollars in its Initial Public Offering (IPO).
As the Reddit-fueled frenzy slows down, investor confidence in the broader market seems to be restored again thanks to the tech giants like Amazon and Alphabet whose earnings report suggests phenomenal growth during Q4 2020.
Although the price of Ethereum is slightly down from its all-time high at the time of writing, it is a long way up from its lowest price point of $0.4209 attained back in October 2015.
The open interest in Ether Futures has spiked by 50% while the Ethereum buy call options have also shot up significantly. More importantly, institution buying has resumed in Ethereum with its improving on-chain fundamentals.
Alphabet (GOOGL) stock enjoyed a profitable 2020 as they jumped approximately 32.77% during the year.
The Chief Financial Officer of Amazon Brian Olsavsky disclosed that the move was decided in consultation with the Board of Directors of Amazon. Andy Jassy will become a new CEO.
After a week of heavy speculative trading, the market remained optimistic on Monday with liquidity concerns alleviating. The S&P 500 registered its best daily gains since November 24, 2020.
The activities of the Reddit chatroom r/wallstreetbets may be far from over as more stocks that are being shorted by Wall Street firms may be pumped again.
Speaking about Bitcoin, Elon Musk stated that the asset “is really on the verge of getting broad acceptance by sort of the conventional finance people.”
The GameStop episode has pushed hedge funds to book billions of dollars in losses. Reports suggest that following it, hedge funds have been moving money out of the market at the fastest rate since 2014.
GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions.
The revenue growth that Apple recorded in China in the past quarter is not attributed to just the sales of its iPhone brands but also to other products that surpassed expectations.