GameStop just dropped a mixed set of numbers in its latest earnings report on Tuesday, where Q4 net sales came in at $1.104 billion, down from $1.283 billion a year earlier.Even with that drop, net income still landed at $127.9 million, just under the $131.3 million reported in the prior-year quarter. GameStop also published its
Global giant BlackRock has made important statements regarding which cryptocurrencies are attracting the attention of institutional investors. Robert Mitchnick, head of digital assets at BlackRock, said that institutional investors are increasingly focusing on Bitcoin ($BTC) and Ethereum ($ETH). Speaking at the Digital Asset Summit in New York, Robert Mitchnick stated that institutional investors have recently
Crypto asset manager 21shares sees actively managed exchange-traded products as the next phase of crypto investing, as the market matures beyond simple price-tracking funds. Duncan Moir, president of 21shares, told Cointelegraph in an exclusive interview that because crypto is a nascent and growing asset class, it is particularly well suited to active management. He said
Hong Kong’s largest English-language newspaper published a pointed debate on stablecoins on March 25, as the city’s self-imposed March deadline for its first stablecoin licenses nears its end with no official word. The conversation raises a question that every non-US jurisdiction now confronts: Does embracing dollar stablecoins deepen dependence on the very system many governments
BlackRock’s head of digital assets, Robbie Mitchnick, signaled a shift in how large investors view crypto, pointing to artificial intelligence (AI) as a more meaningful driver than the expansion of new tokens. Speaking about client behavior, Mitchnick described a market that has moved away from broad exposure to smaller assets. He said the turnover among
A down day in crypto became slightly less so in the minutes since U.S. stocks closed for the session. According to Israeli Channel 12, a one-month ceasefire could soon be announced as part of a package being negotiated by White House envoys Steve Witkoff and Jared Kushner. Other terms of the deal reportedly include a
Robinhood’s (HOOD) board has approved a new $1.5 billion share repurchase program, according to an 8-K filing with the U.S. Securities and Exchange Commission. It adds more than $1.1 billion to existing buyback capacity. The company said it expects to carry out the plan over about three years starting in the first quarter of 2026,