Bernstein analysts have maintained an outperform rating on Bitcoin miner Cipher Digital, keeping a price target of $32 per share even after the company’s stock fell 15.7% following the disclosure of a wider second-quarter loss. The research firm noted that the three contracted AI data center projects are progressing as planned, which underpins their confidence
Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period. That resulted in a $0.09 loss per share posted on Wednesday which Galaxy attributed to the depreciation of digital asset prices during the quarter. Revenue at $8.7 billion was down 15% from $10.2 billion
S&P Global Ratings assigned its highest principal stability fund rating to BlackRock’s new tokenized money market fund. The ratings provider assigned an “AAAm” rating to the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) on Monday, citing the creditworthiness of its investments and counterparties, its maturity structure and management’s ability to maintain a stable net asset
While expectations regarding the Fed’s September interest rate decision lack a clear direction, forecasting markets and leading Wall Street banks are pricing in different scenarios. According to forecasting market data, investors are almost equally divided between the Fed keeping rates unchanged and raising them by 25 basis points. In the forecasting markets, the probability of
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, creating a combined digital asset infrastructure unit with about 300 employees. The transaction was first announced in February, when the companies agreed to combine their regulated crypto businesses and expand their services for banks, brokers
Hi readers, Welcome to our institutional newsletter, Crypto Long & Short. This week: In a follow-up to his essay on sizing crypto risk, Gregory Mall of Lionsoul Global backtests bitcoin in a 60/40, asking not what to own, but how much you can survive holding. Top headlines institutions should pay attention to by Francisco Rodrigues
Laser Digital, the digital assets arm of the Japanese financial services firm Nomura Group, has made a strategic investment in ZIGChain, a UAE-based Layer1 blockchain that also works with Standard Chartered and cryptocurrency-friendly fund servicing giant Apex Group. The exact size of Laser’s investment was not revealed, but it’s understood to be in the high
Galaxy Digital (GLXY) shares are lower by a bit more than 5% in pre-market action after reporting quarterly results. Galaxy’s $85 million net loss narrowed from $216 million in the first quarter, while its diluted and adjusted loss narrowed to $0.09 per share from $0.49. Street forecasts had been for a loss of $0.28 per
SpaceX shares fell 11% in pre-market trading Wednesday as investors looked past a stronger-than-expected first earnings report and toward heavy capital spending and a major insider-share unlock due Thursday. Revenue rose 92% from a year earlier to $7.8 billion, beating Wall Street estimates, while adjusted EBITDA nearly tripled to $3.5 billion. The company narrowed its
Yellow Card said it raised $40 million in strategic equity funding to expand its stablecoin payment infrastructure offering, betting that banks will increasingly use blockchain technology to move dollars across borders. The round included SC Ventures, Standard Chartered’s venture arm, Sony Innovation Fund, Polychain Capital and Blockchain Capital. It brings Yellow Card’s total equity financing