OpenAI’s second-quarter revenue rose 18% from the previous quarter to $6.7 billion, but its operating loss, including stock-based compensation, widened from $9.3 billion to $12.3 billion, the Wall Street Journal (WSJ) reported on Tuesday. Meanwhile, rival Anthropic more than doubled its revenue to $11.6 billion, reported a small adjusted operating profit and overtaking OpenAI for
In the past month, Bitcoin ($BTC) has been continuously grinding sideways between $62,000 and $66,000, with a press-time price of $ $64,595. Source: TradingView While dull, this consolidation is a testament to market resilience amid substantial selling pressure. It also reflects the positive market sentiment surrounding Goldman Sachs’ prediction of an “unlikely” September Fed Interest
Crypto traders spent the days before Unitree Robotics’ Shanghai listing pricing the company at more than four times its IPO valuation. The stock opened even higher. Unitree, a Hangzhou company that makes humanoid and four-legged robots, opened at 1,100 yuan on Wednesday, 629% above its IPO price of 150.8 yuan. The first trade valued the
Bitcoin is struggling to hold its June range floor after $390 million left US spot $BTC ETFs last week, according to Wintermute’s newest market update. The trading firm says falling rate-hike odds have failed to lift $BTC, while ETF redemptions and miner selling have left the market without a strong source of fresh demand. ETF
The trade that used to set the tempo for the entire crypto market has gone numb. Bitcoin’s price swings have compressed to a cycle low, but the speculative energy has not disappeared. According to the original report from CoinDesk, traders who once depended on Bitcoin’s chaos are now chasing setups where a 5x or 10x
Robinhood CEO Vlad Tenev called on US policymakers to modernize securities rules so tokenized stocks can trade in America, in a long post published Tuesday that named the absence of US Stock Tokens as “one glaring gap” in the company’s tokenization push. The post landed five days after the SEC pulled a scheduled discussion of
For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto. Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a $BTC
Bitcoin Rebounds Bitcoin briefly tapped $65,000 on Tuesday even as geopolitical tensions in the Middle East entered a critical phase following the expiration of the 60-day memorandum of understanding between the U.S. and Iran. However, before its sudden spike, bitcoin traded above $64,000, having reclaimed that threshold Monday afternoon. Market data show it held above
Anthony Scaramucci believes Bitcoin’s current bear market could be a sign of strength. He has argued that the cryptocurrency has avoided the much deeper drawdowns that were typical for the previous bear market cycles. During his conversation with CNBC’s Andrew Ross Sorkin from the SALT Conference’s Wyoming Blockchain Symposium, the SkyBridge Capital founder said Bitcoin