Strategy [MSTR] shares jumped more than 12% on Wednesday as Bitcoin’s sudden recovery spilled into crypto-linked stocks. The price of the stock was around $103.76 after it briefly got to the $106.90 level, as Bitcoin gained a more modest 5.59%. For Strategy shareholders, though, the strong session comes after months of pain due to the
Securitize closed its first quarter as a public company with average tokenized assets under management hitting a record $4.3 billion, up 16% year over year, while transaction volume on the platform jumped 147% to $5.3 billion. Total revenue fell 5% to $14.4 million, tokenization revenue dropped about 12% to $7.8 million, and adjusted EBITDA swung
An old video of JD Vance resurfaced this week in which the then-senator asks a question Washington usually treats as settled: Is issuing the world’s reserve currency actually good for the United States? The dollar allows Americans to buy imports cheaply, he observed, while the same strength makes domestic production less competitive. Reserve status looks
Point72, the hedge fund founded by billionaire investor Steven Cohen, has liquidated its entire stake in Strategy (MSTR) and established a new position in Strive (ASST), according to a recent 13F filing with the U.S. Securities and Exchange Commission. The filing, which covers holdings as of June 30, shows Point72 sold all 72,431 shares of
Top neocloud stocks are falling this week, erasing some of the gains they made last week when many of them published strong financial results. Nebius stock plunged to $241 from this month’s high of $280. Similarly, CoreWeave and TeraWulf tumbled to $93 and $15.62, respectively. TeraWulf, CoreWeave, and Nebius stocks amid AI bubble fears The
Nethermind has ended its LayerZero verifier role and moved its cross-chain operations to Chainlink after reviewing the two infrastructure providers. Nethermind said Wednesday that it had migrated away from its decentralized verifier network operations and joined Chainlink as a node operator and strategic technology provider. Nethermind has joined the @chainlink Network as a node operator
AIxCrypto Holdings, a Nasdaq-listed company shifting from a digital-asset treasury toward robot rentals, plans an orderly exit from its crypto holdings after reporting $577,328 in cash at June 30. The company’s June 30 quarterly report listed 46 bitcoin, 616 ether, 6,659 solana, 1,308 BNB and smaller positions in ADA, LINK, TRX, USDT and XRP. The
In brief Strategy (MSTR) led crypto-linked equities, up 11.95% to $103.58, while Coinbase (COIN) rose 9.05% to $159.47. Circle (CRCL) added 9.44% to $78.50 and BitMine (BMNR) gained 9.68% to $20.05, tracking Bitcoin’s surge toward $70,000 and a market-wide short squeeze. Strategy and Coinbase also rank among Wall Street’s most shorted large-cap stocks, meaning today’s