Bitcoin fell over the past 24 hours as traders positioned for a Federal Reserve decision that could break a market pattern dating back more than three decades. Data from CryptoSlate showed the largest cryptocurrency falling as much as 3% to $62,913, its lowest level in nearly two weeks, before recovering to $63,795 as of press
South Korean chip giant SK Hynix’s stock price crashed nearly 10% on July 29 despite the chipmaker reporting its strongest quarterly operating profit ever. The company’s profit jumped more than 557% year over year, but missed high market expectations. SK hynix Profit Hits Record, But Misses Estimates According to SK hynix’s second quarter earnings report,
Coinbase (COIN) reports second-quarter results Thursday after the close, but analysts covering the company largely agree that the headline numbers may matter less than management’s outlook for the second half of the year and the evolving regulatory landscape. The consensus view is that Q2 was another difficult quarter for crypto trading. Spot trading volumes fell
SoFi delivered record second-quarter 2026 earnings, driven by strong growth in revenue, lending volumes, customer acquisition and product usage as the fintech company expanded both its consumer and enterprise offerings, according to a Wednesday statement. The company reported $1.2 billion in total net revenue, up 43% from a year earlier, while net income rose 61%
The Federal Reserve (Fed) will announce its rate decision at 2 p.m. ET today, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. ET. Traders typically assign greater weight to FOMC meetings that come with updated economic projections and a “dot plot” of interest-rate forecasts. Today’s gathering lacks both. Yet the outcome still carries
Jump Capital has closed a $350 million venture fund with a stronger focus on crypto investments. According to a July 29 announcement, Jump Capital has closed its seventh venture fund with $350 million in total capital commitments, describing it as the firm’s largest fund to date and outlining plans to increase investments across the crypto
SpaceX’s initial public offering last month was a headline-grabber for any number of reasons. As one of the largest IPOs ever, it briefly made founder Elon Musk the world’s first trillionaire (and, a few days later, the first multi-trillionaire); it’s among the first of the major AI labs to go public; it debuted as one
That gap is the main macro story of the day as we head into Wednesday’s Federal Reserve (Fed) rate decision. Citadel, one of the largest hedge funds in the U.S., managing $67 billion in assets, is calling for markets to brace for a 25-basis-point interest rate hike from Chair Kevin Warsh, not in September but
ARK Invest’s director of crypto research, Lorenzo Valente, has issued a stark assessment of the current state of the digital asset industry, stating that the ongoing shakeout is more severe than in previous bear markets. In a post on X, Valente warned that the coming months are likely to bring an increase in mergers and