Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent
Paolo Arduino, the CEO of Tether, has announced that Tether is now officially represented on the Juventus Football Club S.p.A. board of directors, with Dr. Francesco Garino emerging as its representative. Arduino made this known in a post written in Italian on X. The post is translated as “Tether has just received its first seat
Trump Media’s net loss highlights the high costs of its ambitious expansion, even as it deploys capital into digital assets like Bitcoin and Cronos, betting on their future returns to offset current expenses. Summary Trump Media reported a $54.8 million Q3 loss despite positive cash flow and $3.1 billion in financial assets. The company deepened
OpenAI explicitly requested federal loan guarantees for AI infrastructure in an October 27 letter to the White House—which kindly refused the offer, with AI czar David Sacks saying that at least 5 other companies could take OpenAI’s place—directly contradicting CEO Sam Altman’s public statements claiming the company doesn’t want government support. The 11-page letter, submitted
As the number of crypto-focused financial technology companies preparing for initial public offerings (IPOs) increases, Ripple has sent a clear message about its own plans: The company has no immediate agenda for an IPO. “We don’t have an IPO timetable. There’s no plan, there’s no timetable,” Ripple President Monica Long told Bloomberg in an interview
Mercury fintech announced a new milestone: at the end of Q3 the company recorded $650 million in annualized revenue, according to an exclusive Fortune interview published on November 7, 2025. Summary How did Mercury’s March Series C and $3.5 billion valuation reshape its growth outlook? Series C details Valuation and investor context How significant is
President Donald Trump’s media company reported multi-million dollar losses for the third consecutive quarter this year, a result that pushed the stock down to its lowest price in over a year. Trump Media & Technology posted a $54.8 million net loss in 2025’s third quarter, the company said Friday—despite investing billions of dollars this summer
Key Takeaways JPMorgan held 5.3 million Bitcoin ETF shares valued at $343 million as of September 30. This reflects a 64% increase in JPMorgan’s Bitcoin ETF holdings since June. JPMorgan, a major US bank, disclosed holding 5.3 million shares of BlackRock Bitcoin ETF (IBIT) valued at $343 million as of Sept. 30, representing a 64%
Key Takeaways Nvidia’s stock fell 5% today, with market capitalization losses totaling $800 billion since Monday. Investor concerns mount as AI enthusiasm cools, prompting a reassessment of lofty tech valuations. Nvidia, a leading AI chipmaker, fell 5% today, extending its losses to $800 billion since Monday amid cooling AI hype and rising competition from emerging