Investment bank B. Riley upgraded Core Scientific (CORZ) to buy from neutral, and raised its price target on the shares to $30 from $17, citing strong standalone value and renewed momentum in high-performance computing (HPC). The bank’s analysts expect shareholders to reject Core Scientific’s proposed merger with CoreWeave (CRWV) s, noting the stock has lagged
T. Rowe Price, the 87-year-old investment firm known for its mutual funds, is making a move into crypto. On Wednesday, the company filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch the T. Rowe Price Active Crypto ETF. The S-1 is a key regulatory filing that signals a firm’s intent
Crypto exchange Kraken’s revenue more than doubled in the third quarter as the crypto exchange ramps up for an expected public listing next year. The company, legally known as Payward Inc., brought in $648 million in revenue for the third quarter, a 114% increase from the same period last year. Kraken defines revenue as gross
In a move that underscores the growing convergence of decentralized infrastructure and enterprise AI, Inveniam Capital Partners has signed a definitive agreement to acquire Storj, a long-time player in decentralized cloud storage, the company said in a press release Wednesday. Financial details of the transaction were not disclosed. The deal will fold Storj’s distributed storage
Meme stock traders believe that the plant-based food brand Beyond Meat is “the most shorted stock in the market,” echoing sentiments from 2021’s GameStop phenomenon. With that perspective gaining steam, BYND stock has now surged 963% over the past five days, according to TradingView. Nasdaq has already halted trading four times on Wednesday due to
Nearly half of U.S. retail crypto holders have never earned yield on their assets, according to MoreMarkets’ 2025 Crypto Yield Retail Consumer Report. The report, which surveyed U.S. retail consumers and analyzed on-chain data, estimates that roughly 20-36 million users earn yield through centralized exchanges (CEXs) like Binance and Coinbase, while only 500,000-700,000 use decentralized
Crypto’s future is starting to look more like a global financial system and less like a speculative playground, according to Andreessen Horowitz. In its State of Crypto 2025 report, a16z analysts argue that the industry has entered a new era shaped by infrastructure upgrades, regulatory clarity and deeper ties with traditional finance. Among the most
While volatile movements in Bitcoin and altcoins continue, cryptocurrency analysis company Santiment announced the most popular altcoins in the cryptocurrency world in its latest post. Accordingly, Santiment said that investors showed great interest in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), GameStop (GME), Kadena (KDA) and Chainlink (LINK) and named altcoins. Gamestop is the leader in
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. New US crypto ETF launches remain on pause given the ongoing government shutdown. This just means there’s more time to make sense of what the upcoming product wave will look like — and how the world’s largest asset manager will (or
Modern Treasury will acquire Beam, a startup specializing in stablecoin-based payment infrastructure, in an all-stock transaction valued at $40 million. The deal marks Modern Treasury’s first major move into blockchain-enabled finance and reflects growing institutional interest in programmable money and digital dollar rails. Fortune first reported the news. Founded in 2018, Modern Treasury offers payment