Galaxy Digital (NASDAQ: GLXY) and TeraWulf (NASDAQ: WULF), two pure play Bitcoin miners to have made the AI pivot, saw contrasting fortunes as both firms turned in their respective scorecards for the second quarter of 2026 on August 5. Both firms’ relatively nascent AI data center businesses did a lot of the heavy lifting in
Michael Burry, a former American hedge fund manager and investor known as ‘The Big Short,’ has revealed some new stock portfolio updates, doubling down on his bearish outlook. As revealed in an August 4 Substack post, Burry exited his long position in Microsoft (NASDAQ: MSFT), closed his short position in Oracle (NYSE: ORCL), and covered
Block (NYSE: XYZ) shares gained more than 4% in late trading after the payments company posted second-quarter numbers above Wall Street forecasts. Adjusted earnings reached $1.02 per share for the three months through June 30. Analysts following London Stock Exchange Group (LSE: LSEG) were expecting 87 cents per share. The quarterly income came to $6.62
Citigroup has initiated the search for a director of digital asset client solutions, signaling continued commitment to building out its institutional digital asset offerings. The role, first reported by Cointelegraph, will be responsible for overseeing digital asset products for institutional investors, including crypto custody, tokenized assets, tokenized cash, and digital collateral. Why Citigroup is expanding
Circle CEO Jeremy Allaire said the cryptocurrency market is moving beyond speculation toward a structure centered on trading tokenized assets. During Circle’s earnings call, Allaire emphasized that the market is entering a phase of transition, supporting a wide range of assets such as equities and commodities through tokenization. The company reported second-quarter revenue of $701
A Historic Crash, Triggered by a Chip Shock The KOSPI’s July decline surpassed the single-month drops recorded during the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, making it the worst month in the index’s history. The rout deepened most recently starting July 28, when news that China had begun mass production of
Alpaca, a provider of brokerage infrastructure for digital assets and securities, has raised $435 million in a new funding round, as reported by The Block. The investment underscores growing demand for technology that enables financial institutions to offer tokenized trading and investment services. Funding Details and Strategic Focus The round brings Alpaca’s total funding to