Rumble (NASDAQ: RUM) shares are surging in pre-market trading after the video-sharing platform reported third-quarter results showing sharp improvement in profitability despite a modest dip in revenue. By press time, the stock was trading at $5.89, up 17% in pre-market activity. Even with this rally, Rumble remains down more than 50% year to date, reflecting
Pseudonymous high-stakes crypto trader James Wynn on Monday decided to go all-in on shorting the crypto market. He revealed that he has sold his entire digital asset portfolio, except for his long-term spot BTC, which he plans to never sell. Wynn said he has deployed all stablecoins (30% of his portfolio) and added them to
Block, the payments infrastructure firm led by Jack Dorsey, has enabled Bitcoin payments for 4 million merchants globally using the Square Bitcoin feature of its point-of-sale platform, the firm announced on Monday. The integration allows merchants to accept Bitcoin at checkout with instant settlement via Bitcoin’s Lightning Network, with no fees until 2027. Sellers can
Today, finally, there is positive news regarding the price of Bitcoin. A couple of weeks ago, in fact, the price of BTC was above $115,000, but then a correction began that might have ended yesterday. Although it seems that some news released yesterday triggered today’s bounce in Bitcoin’s price, in reality, there had already been
Strategy issued $50 million in preferred stock to fund its latest Bitcoin purchase, leaving common shareholders undiluted as its market cap approached a key threshold, the Bitcoin-buying firm signaled in a blog post on Monday. The Tysons Corner, Virginia-based company was recently valued at $71 billion, reflecting a 1.06x premium against its $67.8 billion Bitcoin
Crypto majors surged following news of the U.S. government’s reopening, with Bitcoin (BTC) up 4% to $106,000, Ethereum (ETH) gaining 4% to $3,590, Binance Coin (BNB) rising 1% to $996, and Solana (SOL) advancing 5% to $168. Among the top movers, Starknet (STRK) soared 40%, Wolfi (WLFI) jumped 27%, Pump (PUMP) climbed 17%, and Near
Continuing its weekly Bitcoin purchases, Strategy (MicroStrategy) made its weekly Bitcoin (BTC) purchase and announced that it purchased 487 BTC last week. Accordingly, Strategy purchased 487 BTC worth $49.9 million at an average price of $102,557. Strategy founder Michael Saylor announced the news via a post on his X account. “Strategy purchased 487 BTC for
Bitcoin and Ethereun funds shed more than $1.17 billion in the past week, according to a new report from digital asset manager CoinShares. BlackRock’s iShares Bitcoin and Ethereum funds accounted for $876 million worth of withdrawals last week, more than any other issuer. The Fidelity Wise Original Bitcoin Fund accounted for another $438 million worth
Shares of IREN, the bitcoin mining firm turned AI infrastructure player, are higher by more than 500% year-to-date, but that might just be a start, according to one Wall Street bull. Following the company’s third-quarter earnings report last week and its $9.7 billion, five-year deal with Microsoft to deliver 200 megawatts of AI compute at
Ripple CTO David Schwartz recently joined a conversation on X that highlighted Bitcoin’s value proposition. Bitcoin enthusiast Rajat Soni had initiated a discussion on Bitcoin and at one point chipped in a statement about Bitcoin’s value: “1 BTC = 1 BTC,” a commonly used phrase in the cryptocurrency space, adding that, “If you look at